Search Results for: job cuts

Infosys Posts 33 Percent Profit for Q1; Cuts FY13 Outlook by 5 Percent

Software service provider Infosys posted on Thursday a lower-than-expected 33 percent rise in net profits for its first quarter of 2012-13.

Jul 12, 2012

Galaxy S3 Catapults Samsung to $5.9 Billion Second Quarter Profit Despite Euro Crisis

Samsung Electronics reportedly posted a record profit of $5.9 billion for its second quarter results, despite the eurozone debt crisis causing less demand for the company's televisions and home appliances.

Jul 6, 2012

World's Smallest Fly Discovered in Thailand, May Devour Ants' Brain and Live in Their Heads

Scientists have discovered a new species of phorid fly in Thailand that is believed to be the world's smallest fly and reportedly decapitates the smallest ants.

Jul 3, 2012

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Apple Cuts Samsung into Slakes: US Court Bans Sale of Galaxy Nexus

Apple.Inc dealt a significant blow to Samsung and Google.Inc as a US court imposed a ban on sales of Galaxy Nexus till the case is on trial. This is the second victory for the Apple in a week.

Jun 30, 2012

Sensex Down By 200 Points Amid RBI Keeping Repo Rate Unchanged

Monday morning trade session saw the BSE benchmark dropping by nearly 200 points after the Reserve Bank of India conceded on keeping the same interest rates as announced in the in the mid-term monetary policy review.

Jun 18, 2012

Nokia May Lay Off 10,000 Employees By 2013 End, Shutting Down Manufacturing Plants

Mobile Titan Nokia may terminate 10,000 of its employees along with plant shutdowns as part of the company's biggest financial overhaul amid mounting losses long incurred over the years.

Jun 14, 2012

Diesel Cars May Turn Costlier, Special Tax of ₹255,000 On Cards

Oil Minister S Jaipal Reddy recommended a hike in excise duty to be imposed on diesel-based vehicles. The proposed levies, it is said, will be as steep as INR 255,000 for sedans and sports or multi utility vehicles, while smaller vehicles will be slapped with an excise tax of INR 170,000.

Jun 13, 2012

I-T Dept Freezes Kingfisher Airlines' Accounts For Non-Payment of Dues

The I-T department has reportedly slapped the KFA with a notice to pay the outstanding dues of Rs 3.42 billion (342 crore rupees), after the airline failed to pay installments of Rs 90 million (9 crore rupees) each week

May 30, 2012

Delhi Govt Cuts 20 Percent VAT in Petrol Price; Centre Says No Hike in LPG, Diesel

The Delhi government has announced a 20 percent slash in the Value Added Tax (VAT) on the petrol price in the capital.

May 28, 2012

Jet Airways To Gain From Kingfisher, Air India Crisis; International Expansion On Cards

Jet Airways will begin massive expansions of its international operations owing to the escalating crisis in Kingfisher Airlines and Air India, according to the global aviation consultancy firm Centre for Asia Pacific Aviation (CAPA)

May 27, 2012

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'I Have A Strong Individual Style', Says Manish Arora [PHOTOS]

New Delhi based fashion desiger Manish Arora, who showcased his creation in the Paris fashion Week, said that he has a strong individual style.

May 10, 2012

S&P and Moody's Give Contradictory Ratings on India's Outlook

Rating agencies Standard & Poor's and Moody's have caused confusion with their contradictory ratings on India's outlook. The former cuts India's outlook from stable to negative in its latest rating while the latter says it's stable.

Apr 26, 2012

Why Was the 'Dirty Picture' Banned on TV? Bollywood Fans Highly Disappointed

The Dirty Picture was banned from screening on TV by the Censor Board.Sony Entertainment Televsion, that was about to air the movie at 12 pm and 8 pm, did not telecast and instead showed a message on the screen, " For unavoidable reasons we regret to inform The Dirty Picture will not be telecast yesterday. Any inconvenience caused is deeply regretted."

Apr 23, 2012

India's economy Expected to Recover; More Repo Rate Cut Possible

Just on the heels of the Reserve Bank of India (RBI) cutting interest rates for the first time in three years by 50 basis points to boost economic growth, a poll conducted by Reuters expected India's economy to pick up this year. There is also possibility of RBI resorting to more cut in repo rate.

Apr 19, 2012

RBI Cuts Repo Rate by 50 bps, CRR Unchanged; What Experts Have to Say on Policy Move!

The Reserve Bank of India (RBI) threw up a big surprise with its annual Monetary Policy for 2012-13 on Tuesday by cutting interest rates for the first time in three years by a sharp 50 basis points. The move of the RBI was to boost the economic growth.

Apr 17, 2012

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