Published on 16 Oct 2008 in: Company & Markets
Jet Airways announced the reinstatement of the workers who were saked on Wednsday.
Chairman Naresh Goyal said,
I cannot see tears in their eyes… It is not under political pressure and I have not met any body. It is my personal decision as father of the family
” There is no internal or external pressure… as a family we will decide how to fly and keep the airline offload “
Published on 16 Oct 2008 in: Company & Markets
Financial crisis is heating the aviation industry in india, yesterday Jet Airays laid off 1,900 staffs now, India’s largest careet Air India is in move to temporary layoff of 15,000 staff
Air India said it is considering a plan to give 3-5 years leave without pay to about 15,000 of its staff, but it would be voluntary action on the employees part.
Published on 18 Sep 2008 in: Company & Markets
Over the years, the world has been witness to many an irresponsible management policy and greed that wreaked havoc on ’super’ companies that folded up. In the process, billions of dollars — both investors’ money and employees’ pension — went down the drain.
Here is the list of Top 10 America’s largest bankruptcies listed in Rediff.com
1. Lehman Brothers Holdings Inc - $639 billion [September 15, 2008 ]
2. Worldcom Inc - $103.91 billion [July 21, 2002 ]
3. Enron Corp - $63.39 billion [December 2, 2001 ]
4. Conseco Inc - $61.39 billion [December 18, 2002]
5. Texaco Inc - $35.89 billion [April 12, 1987]
6. Financial Corp of America - $33.86 billion [September 9, 1988 ]
7. Refco Inc - $33.33 billion; [Oct. 17, 2005 ]
8. Global Crossing Ltd - $30.19 billion [ January 28, 2002 ]
9. Pacific Gas and Electric Co - $29.77 billion [April 6, 2001]
10. UAL Corp - $25.2 billion [ December 9, 2002]
[ America’s largest bankruptcies ]
Published on 17 Sep 2008 in: Company & Markets
Amazon.com launched a new on-demand TV service that lets customers watch shows and find cast interviews for about 500 TV shows. it is According to the company, launching 500 new stores specifically dedicated to TV shows like Battlestar Galactica, Family Guy, and Supernatural.
The 500 new online stores launched by Amazon.com are each dedicated to a different customer-favorite TV series, providing everything from cast interviews to VOD viewing in one targeted destination.
[ Amazon.com launches new TV store ]