The airline has been defaulting on salaries for some time, making partial payments in some cases or not paying at all, as it continues to lose money mainly in domestic routes where it can't raise fares facing competition from low-cost airlines.
Tata Steel's arm here said it had got $130 million as final settlement from the consortium of global steel buyers which had prematurely terminated, in May 2009, a 10-year purchase contract.
Switzerland's other major big bank, UBS, said in August it was trimming 3,500 jobs to save 2 billion francs annually.
More than 1,35,000 job cuts have been announced by just about a dozen multi-national companies in past few months in their efforts to slash costs and those from the financial services space are among the worst hit.
'Job opportunities will be available in pharma, retail, medical, virtual business operating sectors, IT sector, telecommunications, infrastructure development, healthcare sector and e-commerce.'
Daniela Hantuchova beat Venus Williams for the first time in 11 career meetings to advance to the semi-finals of the Eastbourne International grass court tournament on Thursday. The Slovak overcame difficult, windy conditions to triumph 6-2, 5-7, 6-2 and cut short Williams' comeback before she begins her bid for a sixth Wimbledon singles title next week.
Mohammed Shami has been ruled out of the upcoming Asia Cup.Bhuvneshwar Kumar has been named as the replacement.
Those who have been handed the pink slip shouldn't make too many loan queries, advises Raj Khosla.
Many things you do when you're actually in the office could be making you sick. Here's what you need to know about office habits that could be making you sick.
Serena Williams won her second straight tournament and proved her mettle ahead of the U.S. Open with a convincing 6-4, 6-2 win over Australia's Samantha Stosur in the Toronto Cup final on Sunday.
French Open champion Li Na played like a 'junior' while Vera Zvonareva, Maria Sharapova and Petra Kvitova were all also sent packing after rusty performances in the third round at the Toronto Cup on Thursday.
Tiger Woods has accepted that he will 'never feel great' again after suffering a number of back and knee injuries in recent years.
Young professionals who lost their jobs tell Rediff.com's Divya Nair how they reclaimed their lives.
Barcelona's eight-game winning run was halted following a 2-2 draw with Valencia, Atletico Madrid lost 1-0 at Real Betis and a resurgent Real Madrid secured their fourth win in a row by beating Alaves 3-0.
Champions Barcelona lost 2-0 at Celta Vigo while Getafe earned an important 2-0 win over Girona in their bid to secure Champions League qualification.
Serena Williams let victory slip from her grasp but gained plenty in defeat at the Eastbourne grasscourt tournament on Wednesday while sister Venus continued her winning return after a five-month injury layoff.
Sticking to a limited schedule has helped Roger Federer enjoy a renaissance late in his career but the Swiss says rest time is now over and he is looking forward to returning to action at the Mercedes Cup in Stuttgart.
World number one Rafa Nadal called on tennis authorities to enforce a two-year rolling ranking system to preserve the health of players.
The report published by an English daily said the promoters wanted to sell their entire stake as they were unhappy over the manner in which the company was being run.
World number two Kim Clijsters has confirmed she will make her comeback from a two-month injury layoff at the French Open, the Belgian said on Monday.
Leading job portal Naukri.com's survey showed that 80 per cent respondents anticipate addition of new jobs in the first half of 2011.
Inter Milan goalkeeper Julio Cesar was called up by Brazil for the first time since the 2010 World Cup on Tuesday for next month's friendly away to France. The 23-man squad picked by coach Mano Menezes includes uncapped midfielders Jadson of Shakhtar Donetsk and Renato Augusto of Bayer Leverkusen.
Chelsea defender Jose Bosingwa faces a three-month layoff after undergoing knee surgery, the English Premier League leaders said on Wednesday. Chelsea said on their website that the 27-year-old Portuguese international had arthroscopic surgery on his left knee this week.
India reached Dubai for the inter-continental tournament without Kohli, who has been rested by the selectors owing to excess workload.
While praising Mohammed Shami's stunning comeback from injury, Indian Test skipper Virat Kohli on Friday admitted the former is a very important bowler for the team who makes it count every time he comes on the field.
Juan Martin del Potro's comeback trail will collide with Roger Federer's after the Argentine won his opening Miami Open match against compatriot Guido Pella on Wednesday.
'Once the lockdown is lifted, we will need the mother of all fiscal and monetary policy support to sustain the economy,' advises Akash Prakash.
West Indies pacer Jerome Taylor feels that the loss to India in their World Twenty20 warm-up fixture, in Kolkata, has given his team a reality check.
The company stated that it was taking steps for cost rationalisation across all businesses to maintain liquidity and due to a prolonged slowdown it had to take a few tough measures.
His father Rakesh Roshan puts a rest to all rumours.
Rafa Nadal will make himself available for Spain's Davis Cup quarter-final against United States or Chile in July, the world number one said after Saturday's victory over Belgium.
The lockdown that crippled the entire logistics, delivery and supply chain network to near zero, was enough to deal a body blow to India's fastest growing unicorn whose very business model saw a severe disruption, like several other firms and sectors.
Defending champion Fernando Verdasco ended Juan Martin del Potro's hopes of reaching a first final following a long injury layoff with a 6-4, 6-4 victory in the semi-finals of the San Jose Open on Saturday.
A battle-tested Serena Williams booked her spot in the semi-finals of the Toronto Cup on Friday after overcoming a sluggish start to grind out a 4-6, 6-3, 6-2 win over Czech Lucie Safarova.
Djokovic, who is aiming for a fifth Wimbledon title and his 16th Grand Slam crown, plans to play only one or two exhibition matches in the build-up to the grasscourt major.
Australian fast bowler Brett Lee needs more cricket after a six-month layoff with an elbow injury, chairman of selectors Andrew Hilditch has said. Lee remained "very much" in contention for the World Cup on the subcontinent in February.
The Swiss snapped a five-year barren run at the slams by bagging the Australian Open and Wimbledon titles this year and, in the absence of Novak Djokovic, Andy Murray and Stan Wawrinka, is the favourite at Flushing Meadows with an equally resurgent Rafael Nadal.
Kingfisher Airlines may cut jobs, UB group chairman and CEO Vijay Mallya said on Thursday.
Michael Ballack will resume his duties as Germany captain when he returns to the national team after an injury layoff, winning a tug-of-war against Philipp Lahm who replaced him at the World Cup in South Africa.
Mario Gomez kept up his Bayern Munich revival when he scored twice and won a penalty to inspire the Bundesliga champions to a 3-0 win over Nuremberg on Sunday.
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