With fall in both ‘number of placement offers from foreign firms’ and ‘interest in students for joining those’, domestic companies are experiencing the ‘feel good’ affect. Students seem to be low on the ‘charm’ once held by being employed by the overseas companies. This has made the ‘brain-drain’ to retract to some extent. Consequently, potential [...]
Reliance Industries Ltd. is thinking to sell or lease out its 1432 fuel pumps to the state-run oil major IOC even as it is shortly reopening its fuel outlets that were shut a year ago. According to sources, Reliance may propose to transfer its petrol pumps into a joint venture unit operated by IOC. Partnership [...]
In what seems as a growing signs of deepening recession, the inflation rate has reached all time low of 0.44 percent and much of it is attributed to lower food prices and also fall in fuel prices. Incidentally the fuel prices are at this moment are subject to negative inflation to the range of 6% [...]
A staggering tax of 90% has been imposed by US House of Representatives on employee bonuses paid by companies which were bailed out by taxpayer’s money. The huge tax was a result of lawmaker’s view that while the public was bailing out the beleaguered company, it employees were enjoying huge bonuses. The bonuses issued by [...]
DPE (Department of Public Enterprises), the group that looks after the performance of CPSE (Central Public Sector Enterprises) has brought forward a proposal to increase the space of non-financial grounds for analyzing CPSEs. Present share of the non-financial category stands at 50 percent. However, post this change, the proportion will increase to 60 percent. The [...]
Infosys Technologies has believed to defer its hiring plans for engineering graduates by almost 6 months, as it is experiencing lower demand for its software services in its priority markets of US and Europe. Infosys will go for campus placements in the top engineering colleges in the eighth semester in the next fiscal. Earlier, it [...]
The Greenfield and expansion assignment slated to be initiated or continued are facing the heat of ‘global economic disturbances’. Despite the area restoring high potential, investments are shrinking. Manish Sharma, the director at KPMG said that leaving the 2-3 terminals that shaped up in 3-4 ports, the rest are to counter substantial delays. These include- [...]
The data that relates to the earnings drawn by tourists in India and made available by the Tourism Ministry shows that the earnings have gone down by 2.5 percent on quarter-by-quarter basis during the peak period of 2008-09. For the last year, the period from October- February was the most profitable one. Further study revealed [...]
The annual inflation rate of the country according to the wholesale price index (WPI) fell to a notable figure of 0.27 percent for the week ended on March 14, 2009, as against 8.02 percent in the corresponding year for the same week. Inflation rate stood at 0.44 percent in the previous week and is sure [...]
CBI pitched for a lie-detector and other scientific tests to be conducted on B Ramalinga Raju today on the grounds that the Satyam’s founder is still holding back some crucial facts regarding the Rs 7800 crore scam in the company. CBI Director, Ashwani Kumar termed the fraud of Satyam as a unique case as the [...]