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.
Essel Group's multi-purpose prepaid cash card provider ItzCash has plans to spread its footprints in rural markets in the country by next year.
The firm intends to open another 50,000 exclusive outlets in rural areas next year under the brand name 'ItzCash Point' and 'ItzCash World', besides opening franchisee network up to 12,000.
The company would setup about 1,000 franchisees in South India alone. At present, the company has one lakh outlets and around 10,000 franchisees in India.
According to sources, all upcoming new outlets will be set up in tier-III cities and villages.
Marg Limited, India’s leading Infrastructure and RealEstate development company, has received a contract from the Karnataka government.
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. 
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.
