Company News

LIC Signs Largest Insurance Deal For Infosys Staff

The staff of software giant Infosys Technologies, can now enjoy new group insurance policy LIC Signs Largest Insurance Deal For Infosys Staffby LIC. The infosys technology is the second-largest IT/ITES exporter of India with the employee strength of 97,000. All employees of the company would be covered under Rs 24,000 crore insurance policies by LIC. This is the largest ever group insurance by any organisation in India.  

The next of kin of Infosys employer is eligible to get Rs 20 lakh to Rs 80 lakh in the event of death of the employee. There is also a provision of an accident cover of Rs 10 lakh in the policy.

Daikin to slash AC prices by 10-15% to tap upper middle class customers

L&T bags largest order worth $160 million from South America

Trading in SAS shares stopped amid takeover rumour

SAS GroupStockholm - Trading in the SAS Group, operator of joint carrier Scandinavian Airlines, was Friday halted on the stock exchanges of Copenhagen, Oslo and Stockholm.

The Stockholm stock exchange said the move was "until further notice."

The move came after the share price climbed some 10 per cent amid media reports that Lufthansa of Germany was considering a possible bid for the SAS Group. Lufthansa has in the past often been linked to SAS.

In common with several airline groups, SAS has posted losses over record-high fuel prices and a drop in passenger traffic. SAS Group spokesmen were not immediately available for comment.

Space not the final frontier for Olympic "magic pen" firm

Shenzhou-VIIBeijing - A place for its technology on China's next manned space mission, Shenzhou VII, symbolizes the ascendancy of the Huaqi electronics group from its origins as a "briefcase company" to the owner one of the country's top digital brands.

But the Beijing-based firm is also focussed on more important terrestrial frontiers for its Aigo brand of high-technology consumer products.

Company president Feng Jun said he started Huaqi in 1993 with just 200 yuan (29 dollars) as the electronics boom was getting under way in Beijing's Zhongguancun district, proudly dubbed "China's Silicon Valley" by some of its founders.

Singur Issue Is Still On

The small car project issue is complicating day by day with neither party willing to Singur Issue Is Still Onchange its stance. There were some hope two days ago, when an agreement was announced to break the impasse over Nano project at Singur.

Both Trinmool congress and state government were agreed on the deal evolved after meeting, but TATA expressed displeasure over the deal and separated itself from it.

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