TNM

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.

Union Bank likely to open 500 branches in six months

Union Bank likely to open 500 branches in six monthsUnion Bank has revealed that it aims to open 500 new branches over the coming six months. According to sources, the rapid growth of the bank has led to opportunities in career progression within the bank.

The sources further added that the lender has proposals to employ 1600 officers, of which 800 will be through campus recruitment and the bank has short listed 25 institutes, including some of the top management schools to conduct the process.

SBI clocks 37% rise in Q3 net at Rs 2,478 crore

SBI clocks 37% rise in Q3 net at Rs 2,478 croreIndia's major public sector lender State Bank of India (SBI) has reported a 37% surge in its standalone net profit for the three month period ended December 31, 2008.

The bank has posted a net profit of Rs 2,478.42 crore as compared to Rs 1,808.64 crore for the same quarter year-ago (Dec 2007).

In a filing to the Bombay Stock Exchange, SBI informed that its total income for the quarter ended December 31, 2008 zoomed to Rs 21,255.90 crore as compared to Rs
15,364 crore during the corresponding quarter of the last year.

India bans China made toys

India bans China made toysThe government has announced to ban toys made in Chine with immediate effect. The move is aimed to save the interest of local manufactures, who are facing stiff completion from these toys.

Indian markets are flooded with Chinese toys which at available at very cheap prices across the country. Domestic manufacturers had been demanding import ban on these products to save local toy industry and a large number of jobs.

RCom to cut expenditures to maintain high growth

RCom to cut expenditures to maintain high growth  India's largest CDMA operator, Reliance Communications (RCOM) announced financial results for the third quarter ended December 31, 2008. The company reported marginal increase of 2.7 per cent in net profit during the period.

The Anil Ambani-promoted company reported significant decline in revenue from the wireless and broadband business segments.

HCL posts 12 per cent increase in net profit for Q3

HCL posts 12 per cent increase in net profit for Q3Leading software exporter of country, HCL Technologies announced its quarterly results for the period ending December 3, 2008. It posted 12.1 per cent increase in net profit for the third quart of current financial year.

The company signed many deals in technology, manufacturing and life science sector during the period which helped to increase its business and revenue. The company added new clients including Deutsche Bank, Microsoft, Xerox, Cisco and Viacom during the period.

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