British defence firm to merge with Franco-German group (Lead)
September 13th, 2012 - 9:26 pm ICT by IANS
London, Sep 13 (IANS) Britain's biggest defence manufacturer BAE Systems will merge with Franco-German group EADS in a 60-billion-pound deal to create the world's biggest military and civil aerospace company, ... Read more...
Posted in World |
British defence firm to merge with Dutch group
September 13th, 2012 - 7:17 pm ICT by IANS
London, Sep 13 (IANS) Britain's biggest defence manufacturer BAE Systems will merge with Dutch-based EADS in a 60-billion-pound deal to create the world's biggest military and civil aerospace company, The ... Read more...
Posted in World |
HP plans to cut 2,000 more jobs
September 11th, 2012 - 6:03 pm ICT by IANS
San Francisco, Sep 11 (IANS) Hewlett-Packard (HP) plans to cut 2,000 more jobs, expanding total job cuts to nearly 29,000 in its latest reorganization efforts, the company said in a ... Read more...
Posted in Sci-Tech |
Olympus to cut 2,700 jobs
June 9th, 2012 - 6:01 pm ICT by IANS
London, June 9 (IANS) Olympus, the Japanese camera and medical equipment maker, will cut 2,700 jobs in next five years, it was reported here.The company lost 49 billion yen ($618 ... Read more...
Posted in Business |
Sony to axe 10,000 jobs worldwide
April 9th, 2012 - 6:30 pm ICT by IANS
London, April 9 (IANS) Japanese technology giant Sony is axing 10,000 jobs or around six percent of its global workforce, a media report said Monday.According to the Daily Mail, the ... Read more...
Posted in World |
Yahoo! to cut another 2,000 jobs in restructuring effort
April 4th, 2012 - 10:54 pm ICT by BNO News
SAN FRANCISCO, CALIFORNIA (BNO NEWS) -- Internet giant Yahoo!, Inc. on Wednesday said it will cut another 2,000 jobs, or about 14 percent of its global workforce, as part of a broader ... Read more...
Posted in Technology Industry News |
Chipmaker AMD to cut workforce
November 4th, 2011 - 2:13 pm ICT by IANS
San Francisco, Nov 4 (IANS) Computer chipmaker Advanced Micro Devices Inc. (AMD) said it plans to cut its global workforce by about 10 percent in a move to reduce operational ... Read more...
Posted in Business |
South Asia needs 1 mn new jobs per month: World Bank
September 23rd, 2011 - 4:07 pm ICT by IANS
Kathmandu, Sep 23 (IANS) To ward off poverty and promote growth, South Asia needs to create one million new jobs every month for the next 20 years, the World Bank ... Read more...
Posted in Business |
Grim scenes as Blackberry cuts 2,000 jobs
July 26th, 2011 - 12:12 pm ICT by IANS
Toronto, July 26 (IANS) There were grim scenes at the BlackBerry headquarters at Waterloo near here Monday after the most famous Canadian company axed 2,000 jobs - about 11 percent ... Read more...
Posted in Business |
Monster launches job portal for NRIs
June 16th, 2011 - 9:09 pm ICT by IANS
New Delhi, June 16 (IANS) Online job portal Monster.com Thursday announced the launch of its new website - Return2Home - targeting NRIs seeking jobs in India.The portal would target job-seekers ... Read more...
Posted in Uncategorized |
Nextgen management is the big challenge for IT companies
July 28th, 2010 - 10:42 pm ICT by IANS
Chennai, July 28 (IANS) Managing the next generation of employees is the major challenge that human resources (HR) managers are going to face in the coming years, senior officials of information technology ... Read more...
Posted in Business |
Indian IT exports to touch $50-billion despite meltdown
February 4th, 2010 - 8:15 pm ICT by IANS
Bangalore, Feb 4 (IANS) The resilient Indian information technology (IT) and business process outsourcing (BPO) industry will earn $50 billion (Rs.231 billion/Rs.23,100 crore) in exports by end of this fiscal, posting 5.5 ... Read more...
Posted in Business |
Panasonic incurs first annual loss in six years
May 15th, 2009 - 5:09 pm ICT by IANS
Tokyo, May 15 (DPA) Panasonic Corp suffered its first annual loss in six years because of shrinking demand and harsh price competition amid the global economic downturn, the company said Friday.
Panasonic joined ... Read more...
Posted in Business |
Infotech registers 32 percent growth, despite slowdown
April 27th, 2009 - 7:31 pm ICT by IANS
Hyderabad, April 27 (IANS) Infotech Enterprises, a city-based technology services and solution provider, Monday announced a healthy 32 percent growth during 2008-09 despite the slowdown and volatile currency markets.
The Hyderabad company posted ... Read more...
Posted in Business |
US talent firm to develop global workforce in India
April 24th, 2009 - 8:59 pm ICT by IANS
Bangalore, April 24 (IANS) US-based talent management firm Global Crosswalk Inc (GCI), co-founded by two Indian expatriates, has set shop in India's IT hub to help companies develop global workforce for providing ... Read more...
Posted in Business |
Naina Lal Kidwai new chairperson of HSBC India
April 16th, 2009 - 6:03 pm ICT by IANS
Kolkata, April 16 (IANS) Hongkong and Shanghai Banking Corp (HSBC) Thursday said it has appointed the chief executive of its Indian operations, Naina Lal Kidwai, as the group chairperson and country ... Read more...
Posted in Business |
Air France-KLM to slash up to 3,000 jobs
April 15th, 2009 - 8:58 pm ICT by IANS
Paris, April 15 (DPA) French-Dutch air carrier Air France-KLM said Wednesday it would cut between 2,500 and 3,000 jobs by 2011.
A spokesman for the airline said there would be no direct layoffs, ... Read more...
Posted in Business |
Lloyds Banking Group plunges into red after HBOS takeover
February 27th, 2009 - 4:30 pm ICT by IANS
London, Feb 27 (DPA) Lloyds Banking Group Friday reported 2008 losses of 9.9 billion pounds ($14 billion) following its growth into a "superbank" through the emergency takeover of Halifax Bank of Scotland ... Read more...
Posted in World |
Former Deutsche Post boss escapes jail for tax evasion
January 27th, 2009 - 12:06 am ICT by IANS
Bochum (Germany), Jan 26 (DPA) A disgraced German business leader was given a suspended prison sentence Monday for evading tax on funds hidden in the Alpine principality of Liechtenstein.Former Deutsche Post chief ... Read more...
Posted in World |
TATA-Corus to sack 3,500 employees
January 26th, 2009 - 7:02 pm ICT by ANI
London, Jan.26 (ANI): European steelmaker Corus, which has a joint venture partnership with India''s TATA Steel, is to sack 3,500 employees in the wake of the global recession showing no signs ... Read more...
Posted in Business |
Tata-owned Corus to shed 3,500 jobs: Report
January 26th, 2009 - 2:40 pm ICT by IANS
London, Jan 26 (IANS) Workers unions were seeking urgent talks with Corus Monday after the Tata-owned steelmaker was said to be considering shedding up to 3,500 jobs.Although none of its plants will ... Read more...
Posted in World |
Google, Motorola announce job cuts - Microsoft next?
January 16th, 2009 - 12:52 am ICT by IANS
San Francisco, Jan 15 (DPA) Even mighty Google is feeling the effects of the global recession. The advertising and software giant is cutting 100 recruiting jobs and plans to shutter three engineering ... Read more...
Posted in World |
Lenovo to lose 2,500 staff worldwide
January 8th, 2009 - 5:12 pm ICT by IANS
Beijing, Jan 8 (DPA) Chinese-owned computer maker Lenovo Thursday said it plans to lose about 2,500 staff, or 10 percent of its global workforce, in the next three months.The redundancies are a ... Read more...
Posted in World |
US stocks slide on unemployment data, corporate profit
January 8th, 2009 - 7:14 am ICT by IANS
New York, Jan 8 (Xinhua) US stocks saw a big sell-off Wednesday as disappointing job losses and gloomy profit outlook of big companies exacerbated investors' concern over the economy.The ADP National Employment ... Read more...
Posted in Uncategorized |
Wall Street bolstered by Obama’s stimulus plan
January 7th, 2009 - 9:30 am ICT by IANS
New York, Jan 7 (DPA) US stocks rallied Tuesday over speculation that president-elect Barack Obama's stimulus package will jump start the ailing US economy.The markets gained even after the Federal Reserve released ... Read more...
Posted in World |
US aluminum giant Alcoa to cut 13,500 jobs
January 7th, 2009 - 8:40 am ICT by IANS
New York, Jan 7 (DPA) The largest US aluminium maker, Alcoa, announced Tuesday that it would cut its global workforce by 13,500 jobs, or 13 percent, by the end of the year ... Read more...
Posted in World |
Sony to cut 8,000 jobs worldwide
December 9th, 2008 - 6:18 pm ICT by IANS
Tokyo, Dec 9 (DPA) Japanese electronics giant Sony Corp announced Tuesday plans to cut 8,000 jobs worldwide as a result of the global economic crisis.The world's second-largest maker of consumer electronics hopes ... Read more...
Posted in Uncategorized |
British Telecom to cut 10,000 jobs
November 14th, 2008 - 10:14 am ICT by Amrit Rashmisrisethi
The UK's largest phone company, British Group revealed that in its second-quarter the net profit raised up to 18 per cent. The BT Group,is likely to cut 10,000 jobs by March 2009, ... Read more...
Posted in Business, Technology Industry News, World News |
British Telecom sheds 10,000 jobs as recession bites
November 13th, 2008 - 8:37 pm ICT by IANS
London, Nov 13 (DPA) British Telecom (BT) said Thursday that it would cut 10,000 jobs in the current financial year, as part of an ongoing efficiency programme.The news came after a string ... Read more...
Posted in Business |
Mexico cement giant to lay off 6,000 worldwide, cut costs
October 18th, 2008 - 1:07 pm ICT by IANS
Monterrey (Mexico), Oct 18 (IANS) Mexico's cement producer Cemex, the world's third largest, has said it will lay off 6,000 of its global workforce by the end of the year and will ... Read more...
Posted in Business |
Prime Minister sets goal of training 500 mn technicians by 2020
August 30th, 2008 - 2:54 pm ICT by IANS
New Delhi, Aug 30 (IANS) The government will set a goal of creating 500 million trained technicians by 2020, Prime Minister Manmohan Singh said here Saturday."In our National Action for Skill Development, ... Read more...
Posted in Uncategorized |
Manmohan Singh stresses on expansion of technical education in next five year plan
August 26th, 2008 - 3:14 pm ICT by ANI
Guwahati, Aug 26 (ANI): Prime Minister Dr. Manmohan Singh today said that science and technology are going to be the centre points in tomorrows world and the focus should be on ... Read more...
Posted in National |
India to have fourth of global workforce by 2020: PM
August 26th, 2008 - 2:39 pm ICT by IANS
Guwahati, Aug 26 (IANS) India is expected to account for a fourth of the world's total skilled workforce by 2020 and the central government is according top priority to higher education, allocating ... Read more...
Posted in Uncategorized |
Tanla Solutions posts 78 percent jump in revenues
July 14th, 2008 - 10:23 pm ICT by IANS
Hyderabad, July 14 (IANS) Tanla Solutions Ltd, a leading telecommunications software provider, has reported 78.68 percent jump in revenues during the first quarter of current fiscal. The total revenue of the company ... Read more...
Posted in Sci-Tech |
‘Creating diverse workforce greatest challenge for global firms’
June 14th, 2008 - 6:10 pm ICT by IANS
Bangalore, June 14 (IANS) Creation of diverse workforce would be the greatest challenge for corporations in a globalised world, Infosys Technologies chairman and chief mentor N.R. Narayana Murthy said here Saturday. "As ... Read more...
Posted in Sci-Tech |