Eaton Corporation inks pact with Tata Motors

NY-listed Eaton Corporation has entered into an agreement with Tata Motors to supply heavy duty synchronized transmissions for use on its world truck programme in India as well as global markets. The initial transmission production would start at Eaton plants in Tczew, Poland, and Wuxi, China, with production moving to its new facility in Pune, India,

MTNL launches 3G Services under brand name “Jadoo”

India's state-run Mahanagar Telephone Nigam Ltd (MTNL) has become the first company in the country to commercially launch its third generation services.

Through the launch of latest facility, the customer of MTNL would now be able to access live TV, movie downloads, high speed Internet, a better gaming experience on mobile phones.

Nagarjuna Construction wins order worth Rs 712 crore

Hyderabad-based infrastructure major Nagarjuna Construction (NCCL) has informed that it has secured four new orders worth Rs 712 crore for construction-related works from different companies.

The company has bagged first order worth Rs 360-crore from Singareni Collieries for blast hole drilling, controlled blasting, which is scheduled to be completed over 72 months.

Apollo Tyres plans to lay off 1500 jobs

Apollo Tyres, a leading Indian tyre manufacturer, on Thursday revealed that it is looking at laying off about 1,500 of its employees.

A company official, who did not want to be identified said, the process has already started and we will shed about 1,500 jobs out of a total employee strength of about
10,000 employees.

BMW axes 850 jobs

BMW has cut 850 jobs at its Cowley plant in Oxford. All agency workers who did the weekend shift at the factory have lost their jobs, with immediate effect.

Tata Comm inks pact with US based SugarCRM

Tata Communications (TCL) entered into pact with US-based SugarCRM to offer hosted customer relationship management (CRM) services which will enable customers to grow their business by servicing their clients based on their needs.

SugarCRM, a provider of commercial open source customer relationship management (CRM) software, has close to 4,000 customers worldwide.

Govt plans IPO for five PSUs

Government is planning for an initial public offering (IPO) of at least five public sector undertakings (PSUs),

Cabinet may unveil Rs 600 bn stimulus package soon

The Cabinet is planning to unveil a bigger stimulus package of Rs 600 billion for industry to beat the global meltdown; even the Planning Commission has favored the decision for the same.

``Rs 600 billion package is being worked out to fight the impact of the global meltdown``, said Montek Singh Ahluwalia, deputy chairman of the Planning Commission.

Bank of Rajasthan, Escorts sign MoU

Bank of Rajasthan, one of the fastest growing, technology driven and customer friendly private sector bank, has announced tie-up by signing memorandum of understanding (MOU) with Escorts, one of the leading tractor & farm equipments manufacturer in India.

This pact will help farmers in Rajasthan to obtain loan for tractors & farm equipments at a lower interest rate.

RIM says looking for 3,000 recruits to meet BlackBerry demand

The maker of Blackberry phone handsets, Canada's Research In Motion Ltd. said Monday it was recruiting 3,000 new workers to keep pace with demand despite the global economic crisis.

"We have grown our employees base by 50% in 2008. And we're still hiring and we plan to keep hiring. We have growth in our business," co-chief executive Jim Balsillie told AFP on the sidelines of an industry event.

"We hired about 4,000 people in 2008, currently we have 3,000 open jobs.

Taiwan's Acer unveils first mobile phones

Taiwan-based computer manufacturer Acer Inc announced a move into the mobile-phone market Monday, unveiling its first range of high-end handsets at an industry event in Barcelona.

The group, best known for its laptops, unveiled eight "smartphones" that have Internet and powerful processing and memory capabilities as well as core phone functionality.

"The smartphone market is a natural direction of our long-term mobile strategy," said Acer Chief Executive Gianfranco Lanci during a press conference at Mobile World Congress.

The first four handsets are expected to go on sale worldwide in March or April, marketing manager Sylvia Pan told AFP.

The touch-screen phones, demonstrated here mostly in black with a design that resembles the top-selling Apple (AAPL) iPhone, will connect to the Internet via a Wi-Fi connection and run with the Windows mobile operating system.