Briefly Business: Kingfisher employees get salaries after 4 months

A large section of Kingfisher Airlines employees,including pilots and engineers,received their salaries after a delay of nearly four months

Written by Press Trust Of India | Published: April 10, 2012 1:50 am

Kingfisher employees get salaries after 4 months

Mumbai: A large section of Kingfisher Airlines employees,including pilots and engineers,received their salaries on Monday after a delay of nearly four months,airline sources said.

To rationalise staff strength: Dhanlaxmi Bank

Mumbai: Private sector lender Dhanlaxmi Bank on Monday said it will not shut down any of its branch to reduce cost,but will rationalise staff strength and focus on retail business to be profitable in the current financial year.

Rahul Khullar to hold additional charge of DIPP

New Delhi: Commerce Secretary Rahul Khullar will hold the additional charge of the Department of Industrial Policy and Promotion (DIPP) for a period of three months.

India records 2nd highest domestic air traffic growth

New Delhi: India experienced the second strongest domestic air traffic growth in the world after Brazil,but the high growth hid the financial weakness facing the Indian carriers,global airline body IATA has said.

Bajaj Electricals merges international biz arm

New Delhi: Bajaj Electricals has merged all its overseas operations into itself from the sister-firm Bajaj International,which has now been transformed into an investment company. As part of a larger reconstruction plan,the firm has also moved all the employees of Bajaj International to Bajaj Electricals Ltd (BEL).

Sibal to launch Airtel’s 4G wireless services today

New Delhi: Bharti Airtel is likely to launch broadband wireless access services based on 4G technology in Kolkata on Tuesday,expected to be inaugurated by Telecom Minister Kapil Sibal.

Imports of sensitive items up 42.6% during Apr-Jan

New Delhi: Imports of sensitive items including fruits,vegetables and edible oils went up by 42.6 per cent to Rs 83,714 crore during April-January 2012. The value of sensitive items imported during the year-ago period was Rs 58,697 crore.

AOL to sell 800 patents to Microsoft for $1 bn

Houston: AOL on Monday said it will sell over 800 of its patents to software giant Microsoft for $1.056 billion.

PFRDA for more incentives to fund managers

New Delhi: In a move to popularise the National Pension Scheme (NPS) in the private sector,PFRDA on Monday said it is in talks with the government to increase incentives for fund managers. ”We are struggling and fighting with the government to increase incentivisation,” chairman Yogesh Agarwal said.

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