Top 200 reputed companies in World

US-based Reputation Institute ranked Top 200 leading and reputed companies present in throughout the world. Among those 200 companies, 17 Indian firms were listed in the top 50. They are State Bank of India, TATA Group, Infosys Technologies, Larsen & Toubro, Maruti Suzki, Hindustan Unilever, Canara Bank, Hindustan Petroleum, Bank of Baroda, Mahindra & Mahindra, Indian Oil and Bharat Petroleum.

Jet Konnect

Jet Airways recently introduced their new flight service “Jet Konnect”. Jet Konnect is an economic flight service introduced to reduce the company’s expenditure. Jet Konnect will offer all the services similar to Jet Airways, but the only difference is that the passengers will have to buy their food onboard. Jet Airways last month made cost cuts for his employees in order to sustain the slowdown.

Job cut for Nike Employees

Nike is one of the world famous athlete shoe and apparels manufacturers. Many people prefer Nike products because of its quality and brand. Two months back Nike announced that they might layoff 1400 of its employees. Now they did it, about 1750 of Nike’s employees were sent home last week. Nike has already choked off production at factories in China and Vietnam.

You can make calls while On-board

Paramount Airlines is providing domestic air transport service in India. Paramount Airlines with the aid from SATCOMM is decided to offer mobile communication service for their passengers. For this there will be a 50 kg device fixed in the aircraft, this device will be acting as a tower. So people with roaming facility can make and receive calls while flying.

Digital Sky Technologies

Digital Sky Technologies invested $200 million in the largest and leading social network “Face Book” in exchange for a 1.96 per cent stake in the company. Digital Sky Technologies also declined that they have plans to buy $100 million shares from existing share holders of Face Book. This shows the growth of Face Book as a successful social networking site in the internet.

Allen Stanford surrendered to FBI

Allen Stanford, one of the richest persons in Caribbean knighthood has surrendered to FBI on Thursday. 59-year-old Allen Stanford, who had a passion in cricket, has committed fraud in his business; recently US regulators accused him and three of his companies for fraudulently sold $8 billion in high-yield certificates of deposit issued by Stanford International Bank Ltd. So Allen Stanford surrendered to the FBI to face criminal charges.

5 Infosys Employees Died

Infosys, a leading India based IT firm has its training center in Mysore. All the Infosys employees will get trained there only. Recently a crew of 40 Infosys employees at Pune, travelled to Mysore for undergoing training. But unfortunately on their way to the training center, the bus was overturned which killed 5 of them.

Air India recruits laid-off staffs

Jet Airways recently laid-off some of its Cabin crews because of its financial problem. Air India has decided to recruit those staffs who have been sent out by Jet Airways. As a measure of saving time and money in recruiting fresher’s and providing them training, Air India directly recruits the trained staffs.

Tata’s Nano Home project

Ratan Tata publicize that he is planning to start Nano Home project in Mumbai. He said he will build a township in the suburbs of Mumbai, and the apartments will cost around 4 to 7 lakhs. He also revealed that the area of the cheapest apartment will be of 283 square feet, which will be about the size of a small bus; and the bigger homes will have a 465 square feet area.

BlackRock buys BGI

BlackRock, a New York based company which is a largest publicly traded US money manager is going successfully for over 29 years. This company is well-known for working with governments and institutional clients. Recently BlackRock insisted that it is buying the BGI for $13.5 billion. BGI is the British bank Barclays Plc's investment arm BGI. BGI is the Europe’s largest fund manager.

Openings in Indian Banks

Even during this recession time, Banks in India are recruiting thousands of employees. State Bank of India recruited 30,000 employees last year; and for 2009-2010 they had planned to intake 13,000 employees for its various objectives. This made a large increase in the employment opportunities in India. Kolkata-based UBI is hiring 900 probationary officers and 500 clerks.