The situation at various second-run management and engineering institutes is no different, courtesy the slowdown that has impacted even their better-known counterparts like the Indian Institutes of Management and Indian Institutes of Technology.
Around 8 IT firms have withdrawn from partnering 11 out of the 20 IIITs, says govt.
As many as 70 restaurants in Mumbai have shut shop in the past six months, owing to spiralling costs, high taxes and a downturn in the economy.
The Federation of Hotels and Restaurants Association of India has made a presentation to the government, requesting certain tax exemptions.
Hotel expects 25-30 per cent occupancy on December 21 when it throws open its doors. Trident regulars are preparing to return to the hotel sooner than later.
Sources familiar with the developments said the government will file an application in the Bombay High Court by the end of December or early January. RIL on its part has already appealed against the order.
Asks lenders to make sure that end use of advances to commercial real estate.
Additional solicitor general Mohan Parasaran talks about the logic behind withdrawing the government affidavit in the RIL-RNRL gas dispute in the Bombay high court.
The slowdown coincides with rising loan defaults by retail customers and small enterprises, which have been hit by a steep rise in lending rates. The resource scarcity has changed the priority of investors. They want to remain liquid and not commit their funds to the long term.
In addition to that, an increasing number of airlines like SpiceJet, national carrier Air India and GoAir are either getting into hedging of aviation turbine fuel or increasing the quantum of ATF hedged on the MCX. Last month, state-run Indian Oil Corporation approached MCX to provide it with a platform to hedge its refinery margins and end products from crude oil.
Anil Ambani-promoted Reliance Natural Resources has filed an affidavit in the Bombay High Court in the case involving Reliance Industries, refuting the petroleum ministry's stand that the government-approved price of $4.2/million metric British thermal unit (mmBtu) is the selling price of gas.
On the back of a global meltdown, big-ticket firms may not be flocking at the premier Indian Institute of Technology campuses. IITians, however, have not lost all hope. Many are looking at start-ups for their first jobs.
Hotel tariffs have dropped by as much as 20 per cent after last week's terrorist attacks on Mumbai that forced international tourists to cancel travel plans.
The trickle has begun and could turn into a flood. At least 15 per cent of overseas visitors have cancelled their tour plans to India following terrorist attacks on key locations in Mumbai, tour operators said. The attacks claimed nearly 200 lives and injured more than 300.
Revenues from management development programmes expected to slow during the next quarters. On an average, MDPs contribute around 35 per cent to the revenue stream for B-schools. With companies tightening their purse strings, B-schools could see a direct impact on their revenue stream. Companies have confirmed that they are cutting down spending on training programmes.
Consolidating on its 500-year-old legacy of providing quality education, The Society of Jesus (SJ) (popularly known as Jesuits) has applied for a Central University status with the Ministry of Human Resource Development (MHRD).
At this time of fear and apprehension over jobs, public sector banks are swimming against the tide to go on a hiring spree.
Kerala-based private sector lender Dhanalakshmi Bank plans to recruit close to 400 employees, almost one-third of its present strength, to build up the existing team to tap more business
Most banks are going slow on clearing such loan applications as the employment scenario has turned adverse due to the financial crisis faced by most companies.
UK, Australia numbers could pick up instead.
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