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Shree Cement forays power sector; to invest Rs 1,200cr
Kolkata-based Shree Cement today announced its foray into commercial power business and will invest Rs 1,200 crore in the next two years to set up a 300 Mega watt thermal power plant in Rajasthan.

Regional rural banks prepare roadmap for core banking
The Regional Rural Banks (RRBs) in Orissa, in association with the nationalized banks sponsoring them, have prepared the road map for implementation of 100 per cent Core Banking Solutions (CBS) before the stipulated time period fixed by the Reserve Bank of India (RBI).

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Gopinath continues to reduce stake in Kingfisher Airlines
Kingfisher Airlines Vice-Chairman G R Gopinath, who has been steadily reducing his stake in Vijay Mallya-led Kingfisher Airlines has further sold shares worth Rs 6.31 crore of the private carrier.
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Sony Ericsson to cut 2,000 jobs globally

Mobile handset maker Sony Ericsson today said it will cut 2,000 jobs globally as it phases out activities at some of its locations. - AOL to lay off one-third of its workforce - New York Times to cut 25 jobs next year - Lloyds to slash 5,000 jobs by next year-end: report - Microsoft to cut 800 jobs worldwide - Handset players jostle for market share - Ford to close Canada plant in 2011, shed 1,400 jobs: union When asked if the move will impact the Indian operations as well, company officials declined to provide details when contacted. "As part of its programme that started a year ago, Sony Ericsson will phase out activities at some of its locations worldwide and plans to reduce headcount globally by 2,000 people," Sony Ericsson said in a statement. Sony Ericsson intends to complete its programme by mid-2010, it added. The company will phase out activities at some of its locations worldwide, as part of a cost reduction programme. It added that the company was continuing with its business transformation programme as announced earlier and the main aim was to return to profitability as soon as possible. Sony Ericsson intends to complete its programme by mid-2010.


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