Indian IT sector emerges as laggard in creating jobs

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The one time favorite IT space has lost its sheen as a hot spot for employment and the prospects of job creation has slipped by 46% in the last quarter of 2008 further denting the sentiments post Satyam saga. In the third quarter of 2008, the sector has witnessed a staggering 484% growth, while job … Read more Indian IT sector emerges as laggard in creating jobs

Jet Airways slashes international biz class fare by 25-40%

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Private carrier major, Jet Airways, has slashed its international business class fare by 25 to 40% for destinations including London, New York and Toronto to Singapore, Bangkok, Hong Kong and Gulf countries. The airline has come up with a special Mumbai-London and Delhi-London first class base fare at Rs 2 lakh per person, down from … Read more Jet Airways slashes international biz class fare by 25-40%

Vishal Retail Megamart – Leans on franchisees for expansion

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Vishal Retail came out with the financial performance for the quarter ended December’08 and held a tele conference call on 21st December’08 to discuss the performance as well as future course of actions. Highlights of the call Standalone net sales for the quarter ended December 2008 reported a growth of 24% to Rs 355.45 crore … Read more Vishal Retail Megamart – Leans on franchisees for expansion

BHEL only supplier in the world of disc insulators

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Bharat Heavy Electricals (BHEL) mentioned that it become the only supplier in the world of disc insulators for high voltage transmission projects. The company would supply 420 kN and 320 kN Porcelain disc insulators for 800 kV High Voltage Direct Current (HVDC) transmission lines. The company has taken comprehensive R&D efforts for successfully designing, developing … Read more BHEL only supplier in the world of disc insulators