USA economic data

U.S. Dec. hours worked fall 1.1%

U.S. Dec. services-producing jobs fall 273,000

U.S. Dec. goods-producing jobs fall 251,000

U.S. Dec. unemployment rate highest since Jan. 1993

U.S. Q4 job losses total 1.53 million

U.S. Oct., Nov. payrolls revised down 157,000

U.S. 2008 payrolls fall 2.59 million, most since 1945

U.S. Dec. average hourly earnings up 0.3%

U.S. Dec. payrolls fall 524,000 vs. -500,000 expected

Satyam may cut 10,000 jobs next month

Satyam is expected to sack over 10,000 employees next month due to its undisclosed cash position and the minimum outgo on salary estimated at Rs 5 billion a month,

Educomp inks pact with US charitable foundation

Educomp Solutions announced that it has signed a services agreement with Michael & Susan Dell Foundation, a private charitable foundation, based out of United States to create a model to transform learning levels of poor children served by private schools in Hyderabad for an amount of Rs 47.8 million for a term starting Sep. 01, 2008 till Mar. 31, 2012

Axis Bank to replace Satyam at Dow Jones India Index

Dow Jones Indexes, a leading global index provider, today announced component changes in the Dow Jones India Titans 30 Index.

Satyam Computer Services will be deleted from the Dow Jones India Titans 30 Index and replaced by Axis Bank.

NTPC executives to join strike this evening

NTPC executives are prepared to go on strike by this evening, if the government disagrees to their demand of higher wages

BPCL calls off strike; to resume fuel supplies

Bharat Petroleum Corp (BPCL) on Jan. 09, 2009 said it would begin fuel supplies at all locations starting this evening, as more than 70% of the striking employees returned to work,

Elecon Engineering bags Rs 185 mn order

Elecon Engineering Company announced that it has been awarded Rs 185 million order from Chennai based Techpro Systems.

The order is for designing, engineering, manufacturing, testing, supplying, erectioning and commissioning of material handling and other equipments.

Balaji Telefilms puts off plans to foray into broadcasting

Balaji Telefilms` creative head Ekta Kapoor dismisses plans to start her own channel or acquire stakes in an existing Hindi General Entertainment Channel,