Having already witnessed a job cut of around seven lakhs so far in the year, the textile industry may see a further reduction in manpower by five lakhs, given in a decline in business by 1.5 per cent.
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).
UK, Australia numbers could pick up instead.
Travelport has decided to make holidaying an over-the-counter experience, where the customer can plan his travel. It will launch about 150-200 travel solution shops by tying up with malls, multiplexes and retail chains. Online travel company Cleartrip.com tied up with the Indian Railway and Catering and Tourism Corporation in September. SOTC plans to hold a six-day long Great Holiday Bazaar across all its outlets from November 3-8, with discounts between 4 and 20 per cent.
Case study suggests strategy to offer 'maximum bang for the minimum buck'.
A refiner embarking on an alternative fuel strategy may end up selling bottled water to quench the thirst of millions.
Wary of the times ahead in the job market, business schools are working on a risk-minimisation strategy and looking at doubling the pool of companies on the campus for the summer placements scheduled in November this year.
"Funds received from alumni and companies are usually meant for specific projects. These funds pour in between October and December every year. Current projects will not be affected despite the economic slowdown, but new projects might take a hit," said T K Ghosal, deputy registrar (finance), the Indian Institute of Technology-Kharagpur.
State power boards incur fixed cost of Rs 3,500 crore (Rs 35 billion). About 5,000 Mw of gas-based electricity generation capacity, built at a cost of about Rs 20,000 crore (Rs 200 billion), is lying idle due to the shortage of gas in the country.
Hollywood is all set to use Indian technology for the first time. An erstwhile incubatee at the Centre for Innovation, Incubation and Entrepreneurship, at Indian Institute of Management, Ahmedabad, has been approached by prominent Hollywood production houses for his patented technology, which finds its application in the current film technology and also for Digital Intermediate Technology of the future.
The institutes have now begun sensitising students about business ethics and morality as well. Be it inviting eminent personalities like the Dalai Lama to speak on business ethics or incorporating ethics as a compulsory course, IIMs are making efforts to produce socially-sensitive managers.
It's time for the famous B-school fests. But the zing is somewhat missing this time.
The BCG project, which is supported by the United Nations' World Food Programme, the government of India and the government of Orissa, involves scanning finger prints and the iris for preparing biometric cards for a population of around 1 million. Srijan Pal Singh, an IIM-A student, who is part of the project, says the biometric cards will be filtered through a super computer to avoid duplications.
"The MoU between the (Ambani) brothers is in the private domain and has never been produced in the court. Agreements between the brothers were entered into on the basis of negotiation and decision on the case cannot be taken on this basis," Milind Sathe, senior counsel for Mukesh Ambani's RIL had told a division bench in July this year.
Apart from the increase in the number of players entering the sector -- there were just 25 entities two years ago -- the scale of operations has also increased substantially, with 30 companies planning large-scale operations, experts said. The capacity of biodiesel plants set up by these companies will range between 30 tonnes per day and 300 tonnes per day. Based on the capacity, it will cost between Rs 300 million and Rs 3 billion to set up these plants.
This will enable the firm, a wholly-owned subsidiary called CIIE Initiatives, to buy stakes in the companies that it incubates by investing its time and resources.
With America's fourth largest investment bank Lehman Brothers filing for bankruptcy protection and Merrill Lynch being bought over by the Bank of America, placements at the Indian Institutes of Management will be affected.
The hotel giant is looking at having an exclusive arrangement with Pune-based Mulshi Springs -- a company that bottles natural spring water. The brand will be called Oberoi Spring Water and a formal announcement is expected soon. The packaged spring water will be available in 200 ml, 500 ml, 1 litre and 1.5 litre pet bottles priced between Rs 50 and Rs 200 respectively. "Water will be sourced from a rain forest near the Sahara Amby Valley," added the official.
Fertiliser, power plants plan expansion in anticipation
The Certificate Programme in Business Administration offered by the Institutes of Management has not found favour with information technology companies.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances