HSBC Holdings aims to cut down 500 jobs in Asia due to the global economic fall .The reduction will be made in various parts of the business, including back office functions, with about 450 jobs in Hong Kong to be shed. In September, the bank announced 1,100 job cuts worldwide in the wake of the financial turmoil.


Mundra Port and Special Economcic Zone, part of the Adani group today, Tuesday, announced that the company had signed a Memorandum of Understanding (MoU) with Nippon Yusen Kaisha (NYK) of Japan and Wallenius Wilhelmsen Lines of Norway.

Geojit Financial Services and Saudi Arabia based Al Johar group joint venture company Aloula Geojit Brokerage Company executed it`s first trade in TADAWUL, the Saudi Stock Exchange on Nov. 10, 08. The total equity market capitalization in TADAWUL at the end of October 2008 was USD 290.09 billion


Tata Consultancy Services (TCS) a leading IT services, business solutions and outsourcing organization, on Nov. 18, 2008, announced the inauguration of its latest global delivery center in Tianjin. The 300-seat delivery center at Tianjin is TCS China`s fourth global delivery center in China after Beijing, Shanghai and Hangzhou


Bharat Heavy Electricals (BHEL) has won a major contract for the supply and installation of the main plant package at a power project in Andhra Pradesh, Valued at Rs 13.25 billion,