Company News

Three New Directors appointed to Satyam’s Board by Government

Three New Directors appointed to Satyam’s Board by GovernmentSatyam Computer Services can hope for revival as three new Directors have been announced by the Indian government. Deepak Parekh, Kiran Karnik and C. Achuthan have been appointed to Satyam Computer’s board. The members of board have a tough job ahead. In order to retain client confidence, offer security to employees and control the bad rumors about the company, lot has to be done in the days to come.

Court to take up RIL, RNRL case on Monday

Court to take up RIL, RNRL case on MondayReliance Natural Resources (RNRL) and Reliance Industries would wait for court's verdict on the pricing and ownership issue of Dadri gas project. The court would take up hearing on Monday and counsels of both parties are ready to fight legal battle in the court.

The bench comprising Justice KK Tated and Justice JN Patel would hear the pleas of both parties to address the issue. Earlier, Justice KK Tated was scheduled to be shifted on accounts of some administrative rules.

KLG Systel bags repeat order worth Rs 306 million

KLG Systel bags repeat order worth Rs 306 millionKLG Systel has made announcement that company's power system solution (PSS) division has secured an order worth Rs 306 million from Uttar Haryana Bijli Vitran Nigam (UHBVN).

According to sources, this is the repeat order, which has been awarded to the company for executing engineering procurement construction (EPC) project.

The major activity of India-based KLG Systel is to offer software, information technology solutions and IT enabled services.

Kingfisher plans to expand routes to South Asia

Kingfisher plans to expand routes to South AsiaVijay Mallya controlled Kingfisher Airlines has announced that it intends to expand its routes in South Asia. According to sources, company's first flight in South Asia will start from January 19, which will connect Chennai and Bangalore with Colombo.

The private air-carrier (Kingfisher) has also intends to roll out a Bangalore-Dubai flight on February 8, while Mumbai-Bangkok and Bangalore-Bangkok flights are expected to launch on the February 12 and Kolkata-Dhaka flight on February 16.

BOC wins 15-year long-term contract from SAIL

BOC wins 15-year long-term contract from SAIL BOC India, the arm of BOC Group, which is the second largest industrial gases company in the world, has secured an order from state-run Steel Authority of India Ltd (SAIL) for supply of gas to meet its increasing demand.

Under the 15-year long term contract, BOC will supply 2600 tpd of oxygen, nitrogen and argon gases to SAIL, to meet its incremental demand as the company is expanding capacity at its Rourkela Steel Plant.

Nearly16,000 workers to be laid off by IBM

Nearly16,000 workers to be laid off by IBMIt might be disheartening to know that the IT Examiner sources have revealed that IBM might be dismissing 16,000 workers in 2009 and those belonging to the hardware area would suffer the most.

“We came to know about the 16,000 job cuts. The reports are true though nothing has been made official yet from the management’s side. It will definitely have huge impact on IBM jobs mainly in parts like China, Europe and US,” reported the IT Examiner, quoting a source.

Pages