Vijay Mallya-led Kingfisher Airlines is understood to have put close to 100pilots huge losses and capacity reduction.
These pilots have completed their probation and all endorsements, but the company has decided not to renew their service contracts in view of the huge losses and capacity reduction, sources told PTI here today.
Their contracts would not be renewed as and when they expire and hence the job cuts would be carried out in a phased manner, they said.
The pilots, who are planned to be phased out, belong to both Kingfisher and the erstwhile Air Deccan, the sources said, adding that they were grounded last year after the merger.
When contacted, a Kingfisher spokesperson denied "sacking" of any pilot. Such measures are "however inevitable due to the market conditions," a company official said. mostly trainees, on the chopping block on grounds of
Wednesday, November 4, 2009
Monday, November 2, 2009
Lakshmi Mittal richest biz tycoon in South Africa
India-born steel magnate Lakshmi Mittal remains the richest business tycoon in South Africa despite his fortune having halved in the past year due to the global recession.
Mittal heads the Rich List, a ranking of the 150 wealthiest businessmen in South Africa released here by the weekly Sunday Times, for the fifth consecutive year, even though he is not living in South Africa.
He has been included in the list because of his shareholding in Arcelor Mittal SA, the steel company born out of Mittal's takeover of former state-owned monopoly Iscor.
According to the Rich List, Mittal remains at the top of the list despite the value of his stake in Arcelor Mittal SA having come down to more than half in the past year, from 45.7 billion rand to 16.95 billion rand owing to weak global markets.
The Rich List is based on an analysis of holdings of all companies listed on the Johannesburg Securities Exchange.
Mittal narrowly beat South African businessman Patrice Motsepe of African Rainbow Minerals, whose stake value stood at 14.246 billion rand.
Their nearest rival Nicky Oppenheimer was way below them with just 5.3 billion rand. Only four South African Indian businessmen -- Ragi Moonsamy (61), Akhter Deshmukh (143), Mustaq Brey (145) and Yogesh Narsing (147) -- made it to the list of 150.
Mittal heads the Rich List, a ranking of the 150 wealthiest businessmen in South Africa released here by the weekly Sunday Times, for the fifth consecutive year, even though he is not living in South Africa.
He has been included in the list because of his shareholding in Arcelor Mittal SA, the steel company born out of Mittal's takeover of former state-owned monopoly Iscor.
According to the Rich List, Mittal remains at the top of the list despite the value of his stake in Arcelor Mittal SA having come down to more than half in the past year, from 45.7 billion rand to 16.95 billion rand owing to weak global markets.
The Rich List is based on an analysis of holdings of all companies listed on the Johannesburg Securities Exchange.
Mittal narrowly beat South African businessman Patrice Motsepe of African Rainbow Minerals, whose stake value stood at 14.246 billion rand.
Their nearest rival Nicky Oppenheimer was way below them with just 5.3 billion rand. Only four South African Indian businessmen -- Ragi Moonsamy (61), Akhter Deshmukh (143), Mustaq Brey (145) and Yogesh Narsing (147) -- made it to the list of 150.
Google world's most attractive employer, followed by Microsoft
Internet search giant Google has emerged as the most sought after company for business as well as engineering graduates, according to two surveys, which term the company as the world's "most attractive employer" followed closely by rival, Microsoft.
According to the surveys compiled by global employer branding firm Universum, Google has been ranked at the top spot in the list of top 50 global businesses and engineering companies.
About Google, the surveys said, "Google's number one position is no surprise. Due to its remarkable brand image, students worldwide see it as a company they would like to work for."
The search giant is followed by Pricewaterhouse where most B-Schools students want to work, while engineering graduates preferred Microsoft as their second choice.
For business students, Microsoft is the third choice, financial services major Goldman Sachs Group is fourth, Ernst & Young (fifth), Procter & Gamble (sixth), J P Morgan (seventh), KPMG (eighth), McKinsey & Company (ninth) and Deloitte (10th).
"The employers that feature in this Top 50 all have one thing in common: they successfully appeal to current and future talent, and they are aware of how scarce talent is," Universum said.
Soft drink major Coca-Cola has been placed at the 13th position, while Citigroup has cornered the 21st place for itself among the list for business students.
However, irrespective of ranks, the top 50 global employers for business and engineering students are very similar, showing strong employer brands transcend many skill and industry groups.
Conversely, Oracle and Philip Morris make it to the top 50 for business students, but not for engineering students. GlaxoSmithKline and Alcatel-Lucent appear in the engineering ranking, yet not in the business ranking.
Meanwhile, in the list of top 50 employers for engineering students Microsoft is followed by IBM at the third spot, BMW (fourth), Intel (fifth), General Electric (sixth), Sony (seventh), Siemens (eighth), Shell (ninth) and Procter & Gamble (10th).
However, despite it being one of the toughest years for car manufactures, BMW and Daimler appear in the global top 50 ranking in both lists.
The global rankings based on the survey of about 1,20,000 students highlights the world's most powerful employer brands and those companies that are "the most successful in talent attraction and retention."
Students from the US, Japan, China, Germany, France, the UK, Italy, Russia, Spain, Canada and India's top academic institutions took part in the survey.
According to the surveys compiled by global employer branding firm Universum, Google has been ranked at the top spot in the list of top 50 global businesses and engineering companies.
About Google, the surveys said, "Google's number one position is no surprise. Due to its remarkable brand image, students worldwide see it as a company they would like to work for."
The search giant is followed by Pricewaterhouse where most B-Schools students want to work, while engineering graduates preferred Microsoft as their second choice.
For business students, Microsoft is the third choice, financial services major Goldman Sachs Group is fourth, Ernst & Young (fifth), Procter & Gamble (sixth), J P Morgan (seventh), KPMG (eighth), McKinsey & Company (ninth) and Deloitte (10th).
"The employers that feature in this Top 50 all have one thing in common: they successfully appeal to current and future talent, and they are aware of how scarce talent is," Universum said.
Soft drink major Coca-Cola has been placed at the 13th position, while Citigroup has cornered the 21st place for itself among the list for business students.
However, irrespective of ranks, the top 50 global employers for business and engineering students are very similar, showing strong employer brands transcend many skill and industry groups.
Conversely, Oracle and Philip Morris make it to the top 50 for business students, but not for engineering students. GlaxoSmithKline and Alcatel-Lucent appear in the engineering ranking, yet not in the business ranking.
Meanwhile, in the list of top 50 employers for engineering students Microsoft is followed by IBM at the third spot, BMW (fourth), Intel (fifth), General Electric (sixth), Sony (seventh), Siemens (eighth), Shell (ninth) and Procter & Gamble (10th).
However, despite it being one of the toughest years for car manufactures, BMW and Daimler appear in the global top 50 ranking in both lists.
The global rankings based on the survey of about 1,20,000 students highlights the world's most powerful employer brands and those companies that are "the most successful in talent attraction and retention."
Students from the US, Japan, China, Germany, France, the UK, Italy, Russia, Spain, Canada and India's top academic institutions took part in the survey.
World's biggest meatball weighs 222.5 pounds!
An American restaurant has claimed space in the Guinness Book of World Records after creating the world's largest meatball weighing 222.5 pounds.
Matthew Mitnitsky, owner of Nonni's Italian Eatery in New Hampshire, said he came up with the record breaking bite "to bring the meatball back to the East Coast because that's where it originated."
The giant meatball took three days to cook and was "totally edible", proud Mitnitsky revealed.
"This all started when we were reviewing sales from our three restaurant locations," 'The Telegraph' quoted him as saying before the record attempt.
"Our meatballs came out on top at every location. So I thought, let's create a family event around the meatball," he added.
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