TATA DOCOMO,unveiled the BlackBerry Curve TM 8520 smartphone priced at just Rs. 14990. The BlackBerry Curve 8520 smartphone, together with TATA DOCOMO offerings, will appeal to a broad spectrum of retail and business customers who want an exceptional mobile experience with easy mobile access to email, messaging, social networking and mobile Internet, as well as powerful multimedia features including a music and video player and camera with video recording.
Announcing the launch of the BlackBerry Curve 8520 Mr. Abdul Khan, Head-Tata DoCoMo Marketing and Advisor to the MD, Tata Teleservices (Maharashtra) Limited, said “Since the time we launched Tata DoCoMo services, we have been consistently offering cost effective propositions for our customers that has increased mobile usage and penetration in the region. We are pleased to launch this stylish new Blackberry Curve 8520 smartphone that has both style & features within the reach of a larger population.”
Source:ciol.com
Tuesday, December 1, 2009
TTSL Launches New Tata Walky Handsets
Tata Teleservices Ltd, India's fastest-growing pan-India telecom service provider, today announced the launch of five new exciting Walky handsets - LG 430 T, Huawei ETS 2222, Huawei ETS 2252 and Walky Talky C2. The stylish LG handsets LG LSP 430 T is priced at Rs. 1299/-, offering a wide rage of attractive features like "SMS sending, missed call alerts, call waiting, etc, whereas Huawei ETS 2222 and Walky Talky C2 is priced at Rs. 1099/-. Huawei ETS 2252 is priced at Rs. 1499/-. The Huawei ETS 2252 not only offers the basic handset features but enables subscribers to use Internet connectivity. There is variety of competitive postpaid and prepaid offers available with walky to cater to the need of diverse user segments.
Source:centralchronicle.com/
Source:centralchronicle.com/
Thursday, November 26, 2009
Acer unfurls beTouch and neoTouch smartphones in India
This past year seems to have been great for touch smartphones with every technology manufacturer hoping to share a piece of the pie by unveiling new devices in the space. Adding to its already existing portfolio of 5 touch smartphones, Acer released three new smartphones for two new series beTouch and neoTouch at an event in Mumbai today. Dubbed beTouch E101, beTouch E200 and neoTouch S200, the smart touch handhelds appeared pretty interesting at a first glance.
While the beTouch series is aimed at the economical and fashion-forward youth of the country, the neoTouch line-up should suit the needs of business-class users. The interface of all three phones bears more than a passing resemblance to the iPhone. This time around Acer focuses more on social networking functions with integrated applications for Facebook, Flickr and the likes. Infact even the phone book has been enhanced to include a contact’s social networking ID along with other details. All the handsets are based on the Windows Mobile 6.5 operating system.
With 3G+ connectivity (HSPA), the phone also supports Wi-Fi and Bluetooth, and is enabled for speedy Internet access. It claims download speeds of 7.2Mbps and upload speeds of 3.2Mbps. Its other features include a 5MP camera with auto focus and flash, multimedia playback and superior graphics for games and applications. It also offers instant connection to social networks like Blogger, Flicker, You Tube, and Facebook.
Moving on to the beTouch line-up, both the E101 and E200 are powered by a robust Qualcomm 7225, 528MHz processor.
The E101 has been tailored with style-conscious users in mind. Allowing instant access to mobile internet while on-the-go, users will enjoy a seamless email, instant messaging, social networking, browsing experience. Adorning a slender profile, it sports a large 3.2” touch screen along with the latest version of Internet Explorer. Interestingly the phone includes a jog wheel that offers effortless access of favorite websites. Users can also use it like a mouse when scrolling pages or zooming in on details. With Windows Marketplace and Live Messenger, built-in Facebook and Flickr applications should keep users connected to their social network while on the go. The E101 also includes a 2MP camera with video recording. It’s offered in two colors namely black or white, while users can also select from colors like green, red and pink from among the optional battery covers.
Finally the beTouch E200 is fabricated for users who may have a really active life. Available in black and white shades, the phone boasts of a 3.0” QVGA touch screen, 3.2MP camera, and 5 navigation keys for easy touch or scroll browsing. In a stylish sliding form factor, the phone includes both touchscreen and physical keyboard functionalities. It’s fashioned for feature phone users who may wish to upgrade themselves to a simple touchscreen smartphone. Incorporated with effortless navigation abilities, users also gain instant access to email, bookmarks, calendars, music, YouTube, Google Maps, and Google Search. Besides access to social networking sites, it also offers Wi-Fi and Bluetooth support.
One might wonder what makes Acer stick to the Windows Mobile 6.5 platform in spite of advanced interfaces including the Android frenzy surrounding mobile devices. Seamless PC and Mobile synchronization offered by the Windows platform claims to keep Acer loyal to the platform. Nevertheless there’s good news in store as the company anticipates the launch of some new mobile devices based on the Google Android platform sometime around next month shared Richard Tan, Acer’s Sales Manager Asia Pacific & Country Head - India - Smart Handheld Business Group. Both Windows and Android-based smartphones are expected to be available parallel to each other and Acer could discontinue its Windows 6.1 phones.
The current handsets have been launched for emerging markets like India, China and Russia. The E101 and E200 are priced at Rs 11,999 and 17,899 respectively.. The neoTouch S200 is tagged at Rs 33,900.
Though the phones are open market devices, Acer has also tied up with Tata DoCoMo and users are offered 500MB data free of charge every month for 6 months on the purchase of the phones through DoCoMo. The handsets are not locked by the carrier.
Source:techshout.com
While the beTouch series is aimed at the economical and fashion-forward youth of the country, the neoTouch line-up should suit the needs of business-class users. The interface of all three phones bears more than a passing resemblance to the iPhone. This time around Acer focuses more on social networking functions with integrated applications for Facebook, Flickr and the likes. Infact even the phone book has been enhanced to include a contact’s social networking ID along with other details. All the handsets are based on the Windows Mobile 6.5 operating system.
With 3G+ connectivity (HSPA), the phone also supports Wi-Fi and Bluetooth, and is enabled for speedy Internet access. It claims download speeds of 7.2Mbps and upload speeds of 3.2Mbps. Its other features include a 5MP camera with auto focus and flash, multimedia playback and superior graphics for games and applications. It also offers instant connection to social networks like Blogger, Flicker, You Tube, and Facebook.
Moving on to the beTouch line-up, both the E101 and E200 are powered by a robust Qualcomm 7225, 528MHz processor.
The E101 has been tailored with style-conscious users in mind. Allowing instant access to mobile internet while on-the-go, users will enjoy a seamless email, instant messaging, social networking, browsing experience. Adorning a slender profile, it sports a large 3.2” touch screen along with the latest version of Internet Explorer. Interestingly the phone includes a jog wheel that offers effortless access of favorite websites. Users can also use it like a mouse when scrolling pages or zooming in on details. With Windows Marketplace and Live Messenger, built-in Facebook and Flickr applications should keep users connected to their social network while on the go. The E101 also includes a 2MP camera with video recording. It’s offered in two colors namely black or white, while users can also select from colors like green, red and pink from among the optional battery covers.
Finally the beTouch E200 is fabricated for users who may have a really active life. Available in black and white shades, the phone boasts of a 3.0” QVGA touch screen, 3.2MP camera, and 5 navigation keys for easy touch or scroll browsing. In a stylish sliding form factor, the phone includes both touchscreen and physical keyboard functionalities. It’s fashioned for feature phone users who may wish to upgrade themselves to a simple touchscreen smartphone. Incorporated with effortless navigation abilities, users also gain instant access to email, bookmarks, calendars, music, YouTube, Google Maps, and Google Search. Besides access to social networking sites, it also offers Wi-Fi and Bluetooth support.
One might wonder what makes Acer stick to the Windows Mobile 6.5 platform in spite of advanced interfaces including the Android frenzy surrounding mobile devices. Seamless PC and Mobile synchronization offered by the Windows platform claims to keep Acer loyal to the platform. Nevertheless there’s good news in store as the company anticipates the launch of some new mobile devices based on the Google Android platform sometime around next month shared Richard Tan, Acer’s Sales Manager Asia Pacific & Country Head - India - Smart Handheld Business Group. Both Windows and Android-based smartphones are expected to be available parallel to each other and Acer could discontinue its Windows 6.1 phones.
The current handsets have been launched for emerging markets like India, China and Russia. The E101 and E200 are priced at Rs 11,999 and 17,899 respectively.. The neoTouch S200 is tagged at Rs 33,900.
Though the phones are open market devices, Acer has also tied up with Tata DoCoMo and users are offered 500MB data free of charge every month for 6 months on the purchase of the phones through DoCoMo. The handsets are not locked by the carrier.
Source:techshout.com
Tata Steel, Tata Motors take the stage
MUMBAI (MarketWatch) -- It was not surprising to see Mr. Ratan Tata, chairman of India's 14-decade old Tata Group, steal headlines last week when he said the group is in the process of formalizing a successor to him.
His comment in an interview to The Wall Street Journal, that the successor could be an expatriate, drove emotions across the Indian community, for whom the brand Tata is a household name, and when the septuagenarian has been at the group's helm for 18 years now.
With businesses spanning steel, cars, chemicals, tea, hotels, information technology and more, the conglomerate pulls in annual revenue in excess of $70 billion -- with 65% of its sales coming from outside of India.
And Tata Group has been very much in the news (for reasons both good and bad) in the last two to three years, not just in India, but on the global scene. Developments included the group's minicar Nano -- touted as the world's cheapest car -- and its famed acquisitions of Anglo-Dutch steelmaker Corus, and the Jaguar-Land Rover, or JLR, luxury auto brands.
To brush up readers' memory, Tata Steel Ltd. /quotes/comstock/11i!tatifm (TATIFM 12.17, +0.15, +1.23%) in 2007 bought Corus for $12 billion to become the world's eighth-largest steelmaker by output, while Tata Motors Ltd. /quotes/comstock/13*!ttm/quotes/nls/ttm (TTM 13.85, +0.01, +0.07%) , another group company, paid $2.3 billion to buy Jaguar and Land Rover from Ford Motor Co. /quotes/comstock/13*!f/quotes/nls/f (F 8.81, 0.00, 0.00%) in 2008.
While the deals lent the Tata companies a stronger global footing, they preceded a financial crisis that sent the world's economy into turmoil, making many question the timing and the price paid for them.
Corus suffered, as lower prices since mid-2008 hurt steel makers globally, while weak demand in the key U.S. and Europe markets hurt the fortunes of luxury-car makers, to which JLR was no exception.
The ride since then has been pretty tumultuous, with Tata Steel and Tata Motors having to adopt stringent measures, including layoffs, to cut costs in an unfavorable pricing environment, manage production and sales volumes amid crimped demand, and cut down on the huge debt they raised to buy the foreign assets.
Therefore, as the two firms report their consolidated second-quarter results this week -- at a time when the world seems to be recovering from the crisis -- investors will be keen to see how much this restructuring has paid off and whether things have changed for good.
Analysts say that while losses at Corus and JLR may continue, the results are likely to reflect an improvement over the previous quarter.
Goldman Sachs expects Tata Steel to report a consolidated loss of 10.3 billion rupees ($222 million), against the 22.3 billion rupee consolidated loss reported in the April-June quarter.
The company, which reports Thursday, may see operating margins benefit from lower raw-material costs. Interest costs could also head southward after it paid off 19.45 billion rupees of high-cost debt and prepaid the 100 million pounds ($165 million) of debt in Corus in the July-September quarter.
It would be interesting to see the quantum of cost savings through the restructuring efforts. Corus saved 22 billion rupees in the previous quarter via these measures. But price realizations and a recovery in volumes at European operations will be the top items to watch for.
For Tata Motors, the performance of JLR will hold the key when India's largest auto maker by sales publishes consolidated numbers Friday. Falling sales at JLR pulled the company to its first consolidated annual loss in at least seven years in the 12 months ended in March.
The pain for JLR, like for Corus, continued in the first quarter (April-June) of the current fiscal year, forcing Tata Steel to report a consolidated net loss of 3.29 billion rupees, compared with a net profit of 7.20 billion rupees a year earlier.
However, there could be some relief on offer amid an improving British economy, the luxury carmaker's cost-rationalization exercises, efforts to stabilize volume growth, and recent fund-raising initiatives. Earlier this month, JLR struck a five-year distribution financing deal worth as much as 170 million pounds with GE Capital, a unit of General Electric Co. /quotes/comstock/13*!ge/quotes/nls/ge (GE 16.17, -0.01, -0.06%)
Investors will also look for a slide in interest costs for the quarter, with Tata Motors having paid back the $3 billion bridge loan taken for the JLR buy. The costs had surged 80% on year to 5.84 billion rupees in the first quarter.
The two companies reported encouraging second-quarter results for their Indian operations, helped by strong domestic demand. Tata Steel posted a net profit of 9.03 billion rupees, though down from 17.88 billion rupees a year earlier, but up from 7.9 billion rupees posted in the first quarter.
For Tata Motors -- which sells the Indica Vista hatchback, the Indigo Manza sedan, the Safari sports-utility vehicle and the Nano minicar -- domestic business exceeded expectations, as net profit more than doubled to 7.29 billion rupees in the second quarter on lower raw-material costs and increased sales.
Yet even with efforts to turn around the two overseas units underway, and despite it being still too early to determine whether it will be a sustained recovery, the shares of Tata Steel and Tata Motors continue to find takers in the Indian market.
These two Tata stocks have rallied in the run-up to these results. At their Friday closing prices of 551.60 rupees and 642.40 rupees, respectively, Tata Steel and Tata Motors have risen about 17% and 14% so far in November to be the top two percentage gainers on the Bombay Stock Exchange benchmark Sensex, which itself has gained 7.1% this month.
In fact, over the last 12 months, Tata Motors has nearly quadrupled in value to become the best-performing stock among the 30 Sensex components, while Tata Steel has surged about 244% -- outperforming the 91% return by the Sensex in the past year.
With such gains at least offering the semblance of recovery, a downside risk to the stocks cannot be ruled out if the numbers fail to reflect an improving pricing scenario and an uptick in demand.
Given that Mr. Tata's retirement is a good three years away, he would sure want to see Corus and JLR not only turn into sound profitable entities, but also pave the way for the multinational's future growth, before he hangs up his boots.
Just as he said in the interview to WSJ: "We have brands to nurture and hopefully bring back to their former glory."
Sourcemarketwatch.com
His comment in an interview to The Wall Street Journal, that the successor could be an expatriate, drove emotions across the Indian community, for whom the brand Tata is a household name, and when the septuagenarian has been at the group's helm for 18 years now.
With businesses spanning steel, cars, chemicals, tea, hotels, information technology and more, the conglomerate pulls in annual revenue in excess of $70 billion -- with 65% of its sales coming from outside of India.
And Tata Group has been very much in the news (for reasons both good and bad) in the last two to three years, not just in India, but on the global scene. Developments included the group's minicar Nano -- touted as the world's cheapest car -- and its famed acquisitions of Anglo-Dutch steelmaker Corus, and the Jaguar-Land Rover, or JLR, luxury auto brands.
To brush up readers' memory, Tata Steel Ltd. /quotes/comstock/11i!tatifm (TATIFM 12.17, +0.15, +1.23%) in 2007 bought Corus for $12 billion to become the world's eighth-largest steelmaker by output, while Tata Motors Ltd. /quotes/comstock/13*!ttm/quotes/nls/ttm (TTM 13.85, +0.01, +0.07%) , another group company, paid $2.3 billion to buy Jaguar and Land Rover from Ford Motor Co. /quotes/comstock/13*!f/quotes/nls/f (F 8.81, 0.00, 0.00%) in 2008.
While the deals lent the Tata companies a stronger global footing, they preceded a financial crisis that sent the world's economy into turmoil, making many question the timing and the price paid for them.
Corus suffered, as lower prices since mid-2008 hurt steel makers globally, while weak demand in the key U.S. and Europe markets hurt the fortunes of luxury-car makers, to which JLR was no exception.
The ride since then has been pretty tumultuous, with Tata Steel and Tata Motors having to adopt stringent measures, including layoffs, to cut costs in an unfavorable pricing environment, manage production and sales volumes amid crimped demand, and cut down on the huge debt they raised to buy the foreign assets.
Therefore, as the two firms report their consolidated second-quarter results this week -- at a time when the world seems to be recovering from the crisis -- investors will be keen to see how much this restructuring has paid off and whether things have changed for good.
Analysts say that while losses at Corus and JLR may continue, the results are likely to reflect an improvement over the previous quarter.
Goldman Sachs expects Tata Steel to report a consolidated loss of 10.3 billion rupees ($222 million), against the 22.3 billion rupee consolidated loss reported in the April-June quarter.
The company, which reports Thursday, may see operating margins benefit from lower raw-material costs. Interest costs could also head southward after it paid off 19.45 billion rupees of high-cost debt and prepaid the 100 million pounds ($165 million) of debt in Corus in the July-September quarter.
It would be interesting to see the quantum of cost savings through the restructuring efforts. Corus saved 22 billion rupees in the previous quarter via these measures. But price realizations and a recovery in volumes at European operations will be the top items to watch for.
For Tata Motors, the performance of JLR will hold the key when India's largest auto maker by sales publishes consolidated numbers Friday. Falling sales at JLR pulled the company to its first consolidated annual loss in at least seven years in the 12 months ended in March.
The pain for JLR, like for Corus, continued in the first quarter (April-June) of the current fiscal year, forcing Tata Steel to report a consolidated net loss of 3.29 billion rupees, compared with a net profit of 7.20 billion rupees a year earlier.
However, there could be some relief on offer amid an improving British economy, the luxury carmaker's cost-rationalization exercises, efforts to stabilize volume growth, and recent fund-raising initiatives. Earlier this month, JLR struck a five-year distribution financing deal worth as much as 170 million pounds with GE Capital, a unit of General Electric Co. /quotes/comstock/13*!ge/quotes/nls/ge (GE 16.17, -0.01, -0.06%)
Investors will also look for a slide in interest costs for the quarter, with Tata Motors having paid back the $3 billion bridge loan taken for the JLR buy. The costs had surged 80% on year to 5.84 billion rupees in the first quarter.
The two companies reported encouraging second-quarter results for their Indian operations, helped by strong domestic demand. Tata Steel posted a net profit of 9.03 billion rupees, though down from 17.88 billion rupees a year earlier, but up from 7.9 billion rupees posted in the first quarter.
For Tata Motors -- which sells the Indica Vista hatchback, the Indigo Manza sedan, the Safari sports-utility vehicle and the Nano minicar -- domestic business exceeded expectations, as net profit more than doubled to 7.29 billion rupees in the second quarter on lower raw-material costs and increased sales.
Yet even with efforts to turn around the two overseas units underway, and despite it being still too early to determine whether it will be a sustained recovery, the shares of Tata Steel and Tata Motors continue to find takers in the Indian market.
These two Tata stocks have rallied in the run-up to these results. At their Friday closing prices of 551.60 rupees and 642.40 rupees, respectively, Tata Steel and Tata Motors have risen about 17% and 14% so far in November to be the top two percentage gainers on the Bombay Stock Exchange benchmark Sensex, which itself has gained 7.1% this month.
In fact, over the last 12 months, Tata Motors has nearly quadrupled in value to become the best-performing stock among the 30 Sensex components, while Tata Steel has surged about 244% -- outperforming the 91% return by the Sensex in the past year.
With such gains at least offering the semblance of recovery, a downside risk to the stocks cannot be ruled out if the numbers fail to reflect an improving pricing scenario and an uptick in demand.
Given that Mr. Tata's retirement is a good three years away, he would sure want to see Corus and JLR not only turn into sound profitable entities, but also pave the way for the multinational's future growth, before he hangs up his boots.
Just as he said in the interview to WSJ: "We have brands to nurture and hopefully bring back to their former glory."
Sourcemarketwatch.com
Mumbai: A Shaken City Revives
A year after the terrorist attacks that brought Mumbai to its knees, India's financial capital has reverted to form, with shops and restaurants humming, bankers again throwing money around in pubs and clubs, and beggars thronging the streets. Yet there's a malaise brought on by heightened security, a lingering sense that the city remains a target.
Champagne brunches are interrupted by bomb-sniffing dogs. Brides are frisked as they walk from their cars to their weddings. At the Taj Mahal Palace hotel—the epicenter of the attacks—guards are on constant alert, earpieces in place even when they're trading cricket scores. As I pass through the metal detectors there, I am frisked, questioned, and followed, my backpack and bushy beard ringing instinctive alarms. "We've got 500 cameras all over South Mumbai, 29 patrol cars, 1,500 high-powered rifles," says Deven Bharti, a police official. "We've done a lot of things that are invisible."
Easier to spot are the physical reminders of the 60 hours last November when a band of 10 Muslim terrorists laid siege to Mumbai, killing 166. But the tragedy has morphed into a spectacle. At the Leopold Cafe—where the first shots were fired—foreigners jostle for the front tables, putting their fingers through the bullet holes still in the windows. Outside the Jewish Chabad House, the 107 spots where gunfire hit the wall are marked with red ink. In the lobby of the Taj, the house pianist plays Strangers in the Night and an American in a Bernie's Steakhouse T-shirt asks me, "Dude, this is where they killed those people, right?" Outside, a barefoot boy hawks the latest toy, a six-inch soldier crawling on his belly, cradling a rifle in his arms. "Bang, bang," the boy says. "Eighteen rupees, sir."
To an outsider, the speed with which the city has returned to normal may be disconcerting. But to those who call Mumbai home, the fact that the trains were running a day after the attacks, that the Taj reopened the next month, that the stock exchange has since soared—these all affirm the city's spirit. "People who live and work in the city of Mumbai, they've dealt with adversity before, with terror before," says Ajoy Misra, marketing chief for Tata Group's Indian Hotels, which runs the Taj. "It makes us tough. It gives us discipline."
As Mumbai has bounced back, though, so have its familiar divides. In the weeks after the attacks, the city mourned as one. Now, as before, the rich thrive and the poor barely survive. Late one night, I visit the Gateway of India, a classical arch built in 1911 to welcome King George V. The air on the Arabian Sea waterfront smells of garbage and salt. The sudden scratch and bright light from my cigarette lighter startle a policeman, who quickly grabs his ancient rifle. "We sleep here," he says, pointing to the sidewalk beneath the arch. Nodding toward the Taj, he says, "They don't even let us use the toilets in there."
Not far away, the wealthy throng Tote, a new nightclub so exclusive I can't beg my way in. I recognize a banker as he steps out of his Italian sports car. He manages to get me in the door, and soon his girlfriend is spraying us with Champagne. They're celebrating because his bank will represent Reliance Industries in its quest to buy chemical maker LyondellBasell for as much as $12 billion. "You know what those f------ terrorists don't understand?" the banker says, his cheeks red from too much booze. "You can't destroy money. And that's what this f------ city is."
Sourcebusinessweek.com
GE Capital provides Rs 1300 cr loan to JLR
GE Capital today signed an agreement with Jaguar Land Rover, the UK-based subsidiary of Tata Motors, to provide a working capital facility of up to £170 million for a five-year term.
The move will boost working capital within the company by shortening the 30-40 days gap the company has to wait between producing cars and delivering them to over 90 countries.
In a media release, GE Capital said the facility represents an innovative structure to finance JLR finished vehicle stocks between the points of production and onward sale to dealers on a revolving basis, as 90-day working capital.
“This is the first time that we are aware of in Europe, that a facility has been created to leverage this part of the distribution cycle and is demonstrative of how our pan-European asset and structuring expertise can truly benefit our customers,” said Rich Laxer, EMEA (Europe, Middle east and Afirca) President & CEO for GE Capital
This working capital loan will come as an additional support to JLR’s financial requirements, strained since the global economic slowdown over the past two years. Sluggish global demand for premium and luxury cars, which are JLR’s forte, led to the Midlands-based car maker seeking financial support from all possible sources within Europe and India.
Earlier last month, JLR had announced that it had secured a £175 million (Rs 1,300 crore) line from State Bank of India, over and above the $90 million (Rs 420 crore) committed export financing facility with ABC International Bank. In all, the company has raised nearly £670 million of new facilities this year, including those from SBI and ABC, and those secured earlier in the year from Standard Chartered Bank, Bank of Baroda, and Burdale Financial Ltd, a subsidiary of the Bank of Ireland, and now from GE Capital.
This also means JLR has raised twice as much funding as it had originally planned to within Europe, when it had managed to get approval for a £340 million loan from the European Investment Bank (EIB). However, it was unable to access this loan as it failed to get the UK government’s guarantee, which was a pre-condition by EIB to get the funding through. In August, JLR said that it would go ahead with its fund-raising plans without the support of the UK government and has since managed to secure twice as much loan as the UK government’s guarantee would have ensured.
Securing additional financial support is only part of JLR plans to claw its way out of the current recession. The company is moving ahead with fresh investments in the development of new models, including a new lightweight sedan, sports cars and sports utility vehicles and “electrification technology” (to produce hybrid cars). This Tata Group company also plans to rationalise its production, by closure of one its united, without any compulsory job losses, by 2014.
Over the past year, production in JLR was reduced by more than 1,00,000 units; spending and costs were cut, jobs reduced by 2,500, pay frozen and bonuses cancelled. “But this was not enough to offset the full magnitude of the downturn and the company swung from profit in 2007 to significant losses over the past 12 months. This was not a sustainable situation. Actions taken have started to reverse the trend, quarter over quarter, and we now have to take the company to the next level of competitiveness,” an earlier statement from JLR had said.
Sourcestandard.com
Job fest on November 28, 29
MOHALI: One of the biggest job fests of North India will be organised by Sri Sukhmani Institute of Engineering and Technology, Derabassi, on
Students of Punjab Technical University (PTU)-affiliated colleges have shown their enthusiasm in attending it. The college authorities said the placement fair was open for all streams of engineering, science, arts, hospitality and BTech (all branches), MBA, MCA, BCA, BSc (IT) and all graduates. The college recruitment cell has invited top and leading companies for placement.
Loveleen, placement officer, said prestigious companies, like Wipro, Trident, Google, Hero, Collebera Tata, Bharti Airtel, Maruti, Zephyr and EA Sports, among others, have been invited for placements.
Principal Dr GN Verma said Derabassi township has become a hub of all professional activities and with such initiatives as mega job fest, the youth and budding engineers of north India would benefit on a large scale.
The Punjab government has taken various initiatives to improve the employment scenario in the state and has been encouraging reputed firms to hire professionals from the region.
Eligible candidates can get registered at the venue, the college campus, by filling a form. The placement cell can be contacted at the group web page www.srisukhmanigroup.org . “On the spot registration is also open,” he said.
Sourceindiatimes.com
Students of Punjab Technical University (PTU)-affiliated colleges have shown their enthusiasm in attending it. The college authorities said the placement fair was open for all streams of engineering, science, arts, hospitality and BTech (all branches), MBA, MCA, BCA, BSc (IT) and all graduates. The college recruitment cell has invited top and leading companies for placement.
Loveleen, placement officer, said prestigious companies, like Wipro, Trident, Google, Hero, Collebera Tata, Bharti Airtel, Maruti, Zephyr and EA Sports, among others, have been invited for placements.
Principal Dr GN Verma said Derabassi township has become a hub of all professional activities and with such initiatives as mega job fest, the youth and budding engineers of north India would benefit on a large scale.
The Punjab government has taken various initiatives to improve the employment scenario in the state and has been encouraging reputed firms to hire professionals from the region.
Eligible candidates can get registered at the venue, the college campus, by filling a form. The placement cell can be contacted at the group web page www.srisukhmanigroup.org . “On the spot registration is also open,” he said.
Sourceindiatimes.com
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