Pfizer – Plans to launch few branded products from the parent’s stable

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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 BPO enters a strategic alliance with Ketera

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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

Sasken takes harsh decisions to withstand cost pressures

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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

Kingfisher Airlines hikes air fare

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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

RBI staff to go on one-day nation-wide strike on Feb 20

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The employees of Reserve Bank of India (RBI) have decided to go on a one-day nation-wide strike on February 20 seeking restoration of updated pension scheme and other issues. The main reason for the strike is an internal circular issued by the bank at the request of the finance ministry to withdraw an updated pension … Read more RBI staff to go on one-day nation-wide strike on Feb 20

IL&FS emerges as govt favourite to take over Maytas Infra: Report

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Infrastructure Leasing and Finance Company (IL&FS) is seen emerging as the government’s favorite for taking over the Hyderabad-based infrastructure construction company Maytas Infra, promoted by the family of Ramalinga Raju, the former chairman of the fraud-ridden Satyam Computer Services, according to a media report. IL&FS is one of the 19 banks and financial institutions (FIs) … Read more IL&FS emerges as govt favourite to take over Maytas Infra: Report