With the intention to strengthen the volatile bourses, the public sector insurer Life Insurance Corporation (LIC) has decided to pump in an additional over Rs 4,000 crore in the stock markets by March 2009.
Mr. T.S. Vijayan, the LIC Chairman said, “We have made investment of Rs 31,000 crore till December and it may cross Rs 35,000 crore (by the end of March).”
But, even the huge amount of fund infusion in 2009 is fairly less by the standards set by LIC itself.
In a bid to cut costs and ensure adequate growth rate, internet giant, Yahoo Inc. has decided to freeze salary hikes of its employees for the financial year 2009.
The company, visibly upset over low revenue and falling profit, would also employ some other cost cutting measures to keep costs in line with revenues and to mitigate the impact of global slowdown on its business.
Tata Group owned and Europe's second largest steel manufacturer, Corus may start retrenchment drive in the days to come, clearly, to cut costs and ensure adequate growth amid recessionary waves prevailing across the world.
The workers, whose future is hanging in dark, following the reports of large scale lay offs by company, are seeking appointment with authority concerned to resolve all matters related to wages and production cut.
Jet Airways and its wing JetLite have announced that they have trimmed down the economy class fares by 50% for purchases on the spot for selective domestic routes.
According to sources, customers can avail this low price offer only for three days, commencing January 24.
The reports said that the reduced fares will also be available for tickets booked during the three days for travel at a later date.
The largest engineering company of country, Larsen & Toubro (L&T) bought 7.56 per cent more stake in beleaguered Satyam Computer Services and increased its stake to 12 per cent on Friday. It bought 1.18 crore shares at a price of Rs 35.07 per share through open market.
Leading telecom giant, Vodafone got no respite from the Supreme Court for the petition, it filed in SC, challenging show-cause notice issued by the income-tax department. The Supreme Court dismissed the special leave petition and directed it to reply show cause notice given by income tax department.
With the intention to strengthen the volatile bourses, the public sector insurer Life Insurance Corporation (LIC) has decided to pump in an additional over Rs 4,000 crore in the stock markets by March 2009.
In a bid to cut costs and ensure adequate growth rate, internet giant, Yahoo Inc. has decided to freeze salary hikes of its employees for the financial year 2009. 
Tata Group owned and Europe's second largest steel manufacturer, Corus may start retrenchment drive in the days to come, clearly, to cut costs and ensure adequate growth amid recessionary waves prevailing across the world.
Jet Airways and its wing JetLite have announced that they have trimmed down the economy class fares by 50% for purchases on the spot for selective domestic routes.
The largest engineering company of country, Larsen & Toubro (L&T) bought 7.56 per cent more stake in beleaguered Satyam Computer Services and increased its stake to 12 per cent on Friday. It bought 1.18 crore shares at a price of Rs 35.07 per share through open market. 
Leading telecom giant, Vodafone got no respite from the Supreme Court for the petition, it filed in SC, challenging show-cause notice issued by the income-tax department. The Supreme Court dismissed the special leave petition and directed it to reply show cause notice given by income tax department. 
