UN Industrial Development Organization's Director General Dr Kandeh K Yumkella says slowdown in the western economies has thrown open opportunities for India to attract investments into the country. ...
04:35 PM, Feb 06, 2012
New Delhi: The fast deteriorating value of the Indian rupee is spelling good news for some and bad news for others. With industrial growth at an all-time low, the fall in the rupee could not have come at a worse time. Student Sanjana Prakash has been preparing for studies abroad for one year. But now she is having second thoughts. Sanjana is worried that her dream of acquiring a foreign...
09:18 AM, Dec 14, 2011
New Delhi: On the FDI in retail issue, battle lines are now clearly drawn between India Inc and the politicians, who are rooting for the neighbourhood grocer. While politicians are divided on the issue Corporate India appears united. The biggest fear of them is - will it create jobs or takeaway jobs? "Retailing in India will bring different contours for farmers, small manufacturers and employment," said Bharti Walmart Chairman Rajan...
09:44 AM, Nov 29, 2011
Mumbai: Former Tata Steel MD JJ Irani has praised Tata Sons Chairman Ratan Tata's surprise decision to appoint 43-year-old Director of Tata Sons and Tata Elxsi (India) Cyrus Mistry as his successor. This is the second time that the group will have a non-Tata at the helm of affairs in its 143-year history. Giving a thumbs up to Mistry, JJ Irani said, "He is very open, he is correct, he...
06:10 AM, Nov 24, 2011
New Delhi: Rajat Kumar Gupta, aged 62, educated at IIT Delhi and Harvard Business School. Former Director, Goldman Sachs & Co-Founder of the Indian Business School. And now, an accused in an insider trading case, out on a $ 10 million bail. If found guilty, the poster-boy of Indian-American Wall Street success could face 105 years in prison. If Rajat Gupta's fall from grace was stunning, his rise in the...
08:03 PM, Oct 27, 2011
New Delhi: The 14-day-long strike at Maruti Suzuki India's Manesar's plant was called off on Friday morning following a tripartite agreement between the management, workers and the Haryana Government. As part of the agreement, the management agreed to take back 64 permanent workers but another 30 will remain suspended. It was also agreed that around 1,200 casual workers would also be reinstated, sources privy to the talks said. The strike...
05:26 AM, Oct 21, 2011
Manesar: Sushil Kumar, 28, has been working with Maruti for the last 5 years. Its been difficult he admits, claiming that working conditions are not the best and salaries are deducted even for earned leave. Which is why, they had no option but to protest. Kumar said, "Maruti Worker Permanent workers get Rs 16,000 but if attendance is short we get just Rs 9000. Even if we take one day...
09:14 AM, Oct 20, 2011
New Delhi: After a series stand-offs between the management and employees, sources say that Maruti Suzuki India may be shifting base out of Gurgaon. Sources have confirmed to CNN-IBN that India's largest automaker is looking at Gujarat as their new location citing the recent spate of strikes in their Gurgaon plant as the reason. They said that the Maruti Suzuki Board is meeting on October 29 to take a decision...
03:21 PM, Oct 19, 2011
New Delhi: The strike by workers at Maruti Suzuki India's Manesar plant entered its eighth day on Friday with no sign of an end despite the Haryana government declaring it illegal on Thursday. The strike got a moral booster as trade unions and workers from in and around Manesar officially joined the strike. But the Maruti Suzuki chairman said they will not cede to the worker's demands and more workers...
06:36 AM, Oct 14, 2011
New Delhi: The strike at the Maruti Suzuki India's Manesar plant entered it's seventh day on Thursday with it being declared illegal by the Haryana Labour Department the police and the administration. The protesting workers told to evacuate the plant's premises immediately. In support of the striking workers, different trade unions have pledged to hold a meeting outside the Manesar plant. Meanwhile, the Haryana Labour Department has initiated the process...
09:34 AM, Oct 13, 2011
New Delhi: The resolution between workers and the management at Maruti Suzuki India's Manesar plant seems to be short-lived as production has stopped at the Manesar unit. Production had been closed at the Maruti plant and at Suzuki subsidiaries Suzuki PowerTrain, Suzuki Motorcyle and Suzuki Casting after 1500 Maruti workers staged a stay-in strike. This is the third such strike at the plant since June. The workers are demanding the...
10:31 AM, Oct 10, 2011
New Delhi: In what is seen as a problem that could affect the aa aadmi, estimates show that Rs 8.2 crore is lost annually in India due to credit card fraud. From Kumar Mangalam Birla to the aam aadmi, there have been all sorts of victims. Ram Shanker Shukla from Lucknow got the biggest surprise when he recieved SMS alerts saying Rs 20,000 were deducted from his bank account and...
09:55 AM, Oct 10, 2011
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2006, May 24th, Shillong, Meghalaya: The early summer rain drizzled outside the Shillong's State Central Library auditorium. As I sat inside, Lou Majaw, (aka ...
12:36 PM, Oct 07, 2011
Manesar: It has been over a month since 2000 workers at Maruti's Manesar plant have been engaged in a deadlock with the management. The workers have been without pay for two months. After a four-year-long stint as an auto assembly plant expert in Maruti, Harsh Soni is now a disillusioned man. The 29-year-old is sitting in protest at the Manesar plant, refusing to sign the 'goodwill conduct' bond offered by...
09:18 AM, Sep 26, 2011
New Delhi: The US downgrade effect was clear on Indian and Asian markets. The Sensex ended a volatile session closing below the 17000 mark for the first time in 14 months. A worried Finance minister held out assurances that the India growth story remains intact. At 6 am, Asian markets were in a sea of red on the US downgrade and by 9.15 am, Indian investors too pressed the panic...
11:33 PM, Aug 08, 2011
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