Company News

Cisco Gets Wise To Cut Energy Costs

Cisco Gets Wise To Cut Energy CostsFor the recent few years, it is notable that various industry bodies have been putting a lot of stress on "Going green". However on Tuesday Cisco Systems came out with software that will help organizations chop energy costs and reduce their carbon footprints as it is capable of managing devices and systems that gather up power.

UK Retailer Morrisons Picks Wipro For IT Support

Wipro Pockets UK Retailer Morrisons’ IT DealUK’s fourth major food retailer Morrisons has joined hands with Bangalore-based IT company Wipro Technologies for development of its subsisting IT systems and applications in order to support future growth plans.

Wipro Retail, a specialist division of Wipro Technologies, will deliver an operating model, which supports the strategic and commercial objectives of Morrisons, with 375 stores and annual turnover of £13 billion.

Both the companies have not disclosed the details regarding the size of the deal.

LIC To Invest Rs 4,000 Cr In Stock Markets By March 2009

LIC To Invest Rs 4,000 Cr In Stock Markets By March 2009With 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.

Yahoo's new mantra: Freeze pay hikes in '09

Yahoo's new mantra: Freeze pay hikes in '09In 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.

Corus likely to shed 3,500 jobs in a bid to reduce expenses

Corus likely to shed 3,500 jobs in a bid to reduce expensesTata 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, JetLite reduces fares by 50% for 3 days

Jet Airways, JetLite reduces fares by 50% for 3 daysJet 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.

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