INTERNATIONAL BA on job cutting spree, axes 10 routes London: British Airways (BA) on February 13 said that it was slashing 5,800 more jobs and axing 10 routes in a bid to reverse mounting losses in the wake of the September 11 terrorist hijackings.
NATIONAL ‘Centre to disinvest five PSUs by March end’ Mumbai: The government on February 13 said that it would complete privatisation of atleast five more public sector undertakings (PSUs), including Indian Petrochemicals, National Fertilisers and disinvest in joint venture Maruti Udyog in the remaining part of the current fiscal.
No move to lay off: New VSNL chief Tata Mumbai: The Tatas on February 13 took charge of Videsh Sanchar Nigam Limited (VSNL) after signing shareholders' agreement with the Union government for acquisition of 25 per cent stake in the telecom major for Rs 1,439 crore.
Tektronix announces tie up with IBM New Delhi: Manufacturer of test, measurement and monitoring solutions, Tektronix, on February 13 announced it has signed an agreement with IBM to deploy IBM's next-generation 0.18um silicon germanium (SiGe) technology into Tektronix test instrumentation used by customers advancing the future in electronics.
SENSEX opens better on fresh buying support Mumbai: The SENSEX opened better and later improved further in line with a sharp rally in a few key old economy counters at early stages on Bombay Stock Exchange (BSE) on February 13 on fresh buying support from investors.
