Satyam, it certainly seems, has nothing going in its favour, with even its employees turning their back on the once famous IT major. NDTV learnt from sources that hundreds of its employees have quit and many more are ready to follow suit.
Domestic air-carriers on Tuesday said that their operations would not be affected by the proposed strike from Wednesday by 55,000 officers of the 14 state-run oil companies.
Exports fell for the third straight month, posting a negative growth of 1.6 per cent in December 2008 as demand from key markets continued to remain sluggish. <br>Revenue from exports during the month under review stood at $11.2 billion.
Anil Ambani-led Reliance Communications has moved telecom tribunal TDSAT against the government over non-allotment of GSM start-up spectrum in six states, where a subsidiary of the company was already offering GSM services.
Ten million people in the export sector will be out of job by March this year, as Indian goods find fewer buyers in the international market which is battling the worst crisis since 1929.
Airtel and Research In Motion (RIM) on Tuesday announced the launch of BlackBerry Pearl Flipsmartphone in India, priced at Rs 21,990, expanding the choice for the users.
Diversified engineering firm Punj Lloyd on Tuesday said it has bagged an order worth Rs 264 crore from the Airport Authority of India (AAI) for building a greenfield airport at Pakyong in Sikkim.
Huge rebates and zero-per cent loans couldn't overcome economic uncertainty as US auto sales plunged 36 per cent in December, capping a dismal year that saw sales free-fall by 2.9 million vehicles from 2007.
The benchmark index hit a fresh intraday high in early afternoon trade led by recovery in index heavyweight Reliance Industries and on gains in auto, cement, metal and banking stocks. Coordinated fiscal and monetary measures by policymakers announced on 2 January 2009 to boost sagging growth, supported the market. The BSE 30-share Sensex was up 65.15 points, or 0.64 per cent and was near the day's high
US President-elect Barack Obama is betting that a combination of hefty tax cuts and government spending on big public works projects will snap the country out of a painful recession that's left millions of Americans unemployed and their nest eggs in tatters.
US consumer bankruptcy filings jumped nearly 33 percent in 2008 amid a recession that's expected to keep filings rising into the new year.<br>
Toyota Motor Corp. said Tuesday it will suspend production at all of its Japanese plants for a total of 11 days in February and March because of faltering global demand.
