The Economic meltdown is taking its toll on the automotive market. India's largest vehicle maker, Tata Motors Ltd has announced shutting down of its commercial vehicle plant in Jamshedpur for five days from November 25-29 owing to declined demand.
The Company had earlier shut down the plant from 6 to 8 Nov, with 5 and 9 Nov being weekly company holidays.
Tata Motors stated, "Across the industry, it has been seen in the month of October 2008 that unavailability of finance, coupled with high interest rates is forcing customers to postpone purchases."
Bharti Airtel, India’s top mobile service provider, was conferred the top honours at the GSMA Asia Mobile Awards 2008 at Macau for its Music-On-Demand service.
Among tough competition from worldwide leaders including Telstra Corporation, Australia, Geodesic Inc, USA, Artificial Life, Inc, Hong Kong and Gracenote, USA, Airtel received the high-status award in the category ‘Best Mobile Music, TV or Video Service’.
Netgear, Inc, a global supplier of technologically advanced, branded networking products, announced that it has been awarded the ‘Fastest Growing Networking Solution Vendor’ for SMBs by VARIndia during its annual Star Nite Awards, held in the Hotel Eros Intercontinental on Nov. 14, 2008.
Rajshri Media, India’s top Web and Mobile studio and the digital entertainment arm of the 60-year old Rajshri group, signed up an exclusive deal with Swami Ramdev’s Divya Yoga Mandir Trust, Hardwar.
Under this pact, the complete library of audiovisual content of Baba Ramdev comprising videos of Pranayam, Yoga Postures, Breathing Techniques, Nutritional Tips and Home Remedies for different ailments featuring Baba Ramdev himself, will be available for free streaming and paid downloads exclusively on www.rajshri.com.
Owing to rising costs and slow down of advertising revenues, UTV Software Communications has announced cut in costs in its broadcasting operations. The company has consolidated its operations for four television channels - UTV Movies, World Movies, Bindass and Bindass Movies - by phasing out its Delhi operations.
UTV ran two channels from Delhi and the other two from Mumbai.
Due to rising input costs, Logistics firm Gati Ltd announced that it will raise the rates of its services by up to 10 percent by January 2009.
Fearing the slowdown in the market, the company has also decided to go slow on its expansion plans of Rs 1.5 billion in the year.
While speaking on the sidelines of India Economic Summit, Gati Ltd Managing Director and CEO Mahendra Agarwal said, “There has been a constant increase of rentals, fuel prices and operating costs. We may not immediately raise, but there is a need for prices to go up.”
The Economic meltdown is taking its toll on the automotive market. India's largest vehicle maker, Tata Motors Ltd has announced shutting down of its commercial vehicle plant in Jamshedpur for five days from November 25-29 owing to declined demand.
Bharti Airtel, India’s top mobile service provider, was conferred the top honours at the GSMA Asia Mobile Awards 2008 at Macau for its Music-On-Demand service. 
Netgear, Inc, a global supplier of technologically advanced, branded networking products, announced that it has been awarded the ‘Fastest Growing Networking Solution Vendor’ for SMBs by VARIndia during its annual Star Nite Awards, held in the Hotel Eros Intercontinental on Nov. 14, 2008. 
Rajshri Media, India’s top Web and Mobile studio and the digital entertainment arm of the 60-year old Rajshri group, signed up an exclusive deal with Swami Ramdev’s Divya Yoga Mandir Trust, Hardwar. 
Owing to rising costs and slow down of advertising revenues, UTV Software Communications has announced cut in costs in its broadcasting operations. The company has consolidated its operations for four television channels - UTV Movies, World Movies, Bindass and Bindass Movies - by phasing out its Delhi operations. 
Due to rising input costs, Logistics firm Gati Ltd announced that it will raise the rates of its services by up to 10 percent by January 2009.
