News & Media

Unisys to axe 1,300 jobs; suspends salary hikes

IT services and solutions provider Unisys Corporation has said it will slash as many as 1,300 jobs across the world and plans to forgo any salary hike next year in most of the countries where the company operates.

“The headcount reductions have begun and will continue into 2009… the company also plans to forgo 2009 salary increases in most of the company’s markets,” Unisys Corporation said in a statement.

Unisys said that it is exploring a wide range of cost-reduction options and that actions currently underway are expected to reduce its annual cost structure by more than USD 225 million. (more…)

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Is Rahul Mahajan out of ‘Bigg Boss’ house?

New Delhi, Nov 18 (IANS) Rumours are rife that Rahul Mahajan, one of the strongest contenders on reality show ‘Bigg Boss’, has been asked to leave after he refused to apologise for fleeing the house with three other inmates.

The rumour came to surface Tuesday morning, after Rahul jumped out of the “Bigg Boss” house along with the other existing participants – Raja Chaudhary, Zulfi Syed and Ashutosh Kaushik. It was shown on Monday’s episode.

The four men requested “Bigg Boss” organisers to send them a pre-cooked or ready-to-eat meal. When their request wasn’t met, they protested by escaping from the “Bigg More >

BIGG BOSS SEASON 2 A VERY DIRTY, FILTHY ROTTEN REALTY SHOW. SENDING OUT DIRTY MESSAGES TO THE WORLD.

THE DONS AND THE DIEN OF BIGG BOSS HOUSE SEASON 2

The best ones in the Bigg Boss 2 house have gone.  They are Debojit Saha, Ketki Dave, Eshaan. Qureshi. The beauty and the charm of Bigg Boss Season 2 has been wiped off from the house by the Terror People Raja Choudhary, Rahul Mahajan, Zulfi and Monica.  Now the two people who have been nominated by the terror people are Diana and Ashutosh.

Diana Hayden is very dignified graceful in all her manners and etiquettes. She thinks and talks very rationally.  She talks no nonsense in the house.  Diana has a More >

GLOBAL MARKETS – Asia shares advance, but economy fears weigh

HONG KONG, Oct 17 (Reuters) – Asian shares rose on Friday after encouraging earnings signals from technology firms such as IBM and a slowly improving tone in beleaguered short-term money markets helped ease concerns about a global recession.

Asian stocks posted their first weekly gain in seven, with advances in the last trading day underpinned by a rally on Wall Street on Thursday that sent the Dow Jones industrial average up more than 4 percent.

European shares were set to surge, with major indexes such as Britain’s FTSE 100 seen up by more than 4-5 percent.

Oil prices rose nearly $3 a barrel, More >

Kingfisher talking to oil cos for ‘phased’ repayments

MUMBAI (Reuters) – Kingfisher Airlines, India’s No 2 private carrier is in talks with state-run oil firms to repay dues in a ‘phased’ manner, a senior official of UB Group said Friday.

India’s Oil Secretary R.S. Pandey said on Thursday some domestic airlines, including Kingfisher, had defaulted on jet fuel payments.

“We are discussing with Oil PSUs to repay in a phased manner..we want to take a little more extended credit,” said Ravi Nedungadi, Chief Financial Officer of UB Group, which holds a controlling stake in the airline.

“We are discussing the timeline (for repayment), it would be inappropriate to reveal any more, More >

Jet Airways reinstates sacked employees

MUMBAI (Reuters) – India’s leading private carrier Jet Airways has reinstated 800 sacked flight attendants, its chief said on Thursday, following protests in cities and demands for a probe by politicians.

Chairman Naresh Goyal told a news conference in Mumbai that reinstating the sacked employees was his personal decision.

“I apologise for all the agony you went through,” Goyal said. “The management will have to understand sometimes in a family there are disagreements but the father of the family decides.”

Earlier, Jet Airways said it would lay off 1,100 staff in the next few days on top of the 800 flight attendants already More >

‘US cannot shape the world without India’

Washington, Oct 17 (IANS) Describing the India-US civil nuclear deal as a ‘game-changing’ success story, a senior Republican leader has advised the next US president that American efforts to shape the world may not succeed fully without India.

‘The bottom line is that American efforts to shape the world are unlikely to succeed fully without the cooperation of India,’ said Senator Dick Lugar Wednesday adding, ‘Its sheer size ensures that it will have an enormous impact on the global economy.’

The top Republican on the Senate Foreign Relations Committee was laying out at the National Defence University what was described as ‘a More >

Jet Airways: What not to do

Jet airways has let go of 1500 employees. Due to the wonderful manner in which they were let go, they all grouped up and begin to plead for political intervention. Quite rightly they appealed to the politicians for help. Their case, regrettably, does not seem to have any legal standing. They were employees under probation and therefore their contracts allow Jet to fire them if and when it pleases. Nobody forced them to sign the contract. They did it of their own free will.  I have little problem with the fact that they were let go, the company has a More >