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Editor's Desk The stimulus package being considered by the US Senate has inserted a condition on companies which will be receiving aid from the stimulus package. Such companies will not be able to use H-1B visa to hire foreign employees if they had laid-off US citizen employees in the last six months. Many analysts have raised apprehensions … Read more US H-1B visa issue not to impact Indian IT industry
Pantaloon Retail (India) has registered an increase in sales by 23.17% to Rs 752.02 crore in January 2009, as against Rs 610.56 crore during January 2008 from its value, life style and home retailing verticals. The company’s value retail sales grew by 21.08%, to Rs 452.87 crore during the month as compared to Rs 374.04 … Read more Pantaloon Retail bucks the trend in January sales
Key Highlights of the call Net sales for the year ended November’08 on consolidated basis registered marginal growth of 1% to Rs 681.70 crore and net profit declined by 12% to Rs 299.58 crore. The company has earlier sold four brands of Consumer Healthcare Business to Johnson & Johnson. Excluding the sales of these products … Read more Pfizer – Plans to launch few branded products from the parent’s stable
HCL Technologies’ BPO Services and Ketera Technologies have announced a strategic alliance to provide Source-to-Pay services. HCL BPO through this partnership with Ketera will deliver full-scope procurement outsourcing across industry verticals. Ketera provides a complete On Demand Spend Management suite which HCL deploys in its services to maximize efficiencies reduce costs, and increase productivity for … Read more HCL BPO enters a strategic alliance with Ketera
Bangalore based Sasken Communication Technologies, which offers solutions in the embedded communications segment to accelerate product development life cycles, has taken some harsh decisions to withstand cost pressures. The company is also concerned about the outlook of the IT sector in the near future. The IT company’s initiatives include a cut in staff salaries up … Read more Sasken takes harsh decisions to withstand cost pressures
India’s second largest private air carrier – Kingfisher Airlines – has increased air fares for various domestic sector routes from February 10, 2009. A Kingfisher spokesman confirmed the raise in air fare, but refused to quantify the increase saying that it would be very difficult to do it sector by sector.He also said that the company’s … Read more Kingfisher Airlines hikes air fare