Tata Motors is in for yet another debacle. The Gujarat High Court has directed the state government to produce documents of acquisition of land in Sanand, alloted to Tatas for the Nano car project. The farmers in Sanand, the site of the Nano project in Gujarat, have filed a case against the Gujarat government and Tata motors, seeking greater compensation for their land.

Marg Limited, India’s leading Infrastructure and RealEstate development company, has received a contract from the Karnataka government.

The scope of order involves development of airport at Bijapur, Karnataka.

However, the company did not disclose the financial details of the deal.

Recently, the company laid foundation stone for the country’s first fishing harbour on a Public Private Partnership model, at Rajakamangalam Thurai in Kanyakumari district, Tamil Nadu. 

Jet Airways, owing to the accumulated losses and the current slowdown in the economy, has announced a slew of cost-cutting measures, including a 5-25 per cent cut in salaries of its employees who are earning above Rs 75,000 per month. The airline said in a media statement that for the pilots, this will be in the form of a combination of wage cut and allowance rationalisation, which will bring the contribution of pilots in line with the company's other employees.

Tata Motors commercial vehicles plant at Pune shall be shut down for 3 days again this month, owing to poor demand in the market. Demand for commercial vehicles has been severely hit by lack of vehicle financing, rising interest rates and higher input costs.

According to Sujeet Patil, leader, Tata Motors Employees Union, it was likely that the commercial vehicles plant would go in for block closure for another three days towards the end of December.

The third largest software exporter of India, Wipro Technologies has offered fresh campus recruit, to join technical support branch of its business process outsourcing (BPO) division. The move shows the condition of the IT firm in the wake of the global financial crisis. Low demand and tight monetary conditions has forced IT companies to employee cost cutting and controlling measures. They have now started to employ cost cutting measures on the HR front.

Ranbaxy Laboratories Ltd, a leading pharmaceutical major, has announced that it has clinched an exclusive licensing pact with US-based BioPro Pharmaceutical to market Gliadel tablets in India.

Earlier, Ranbaxy had announced a similar agreement with CD Pharma, a leading Europe-based  biotech  firm to sell its probiotic dental medicine Inersan in India and  Nepal.