San Francisco: Four out of five Facebook Inc users have never bought a product or service as a result of advertising or comments on the social network site, a Reuters/Ipsos poll shows, in the latest sign that much more needs to be done to turn its 900 million customer base into advertising dollars. The online poll also found that 34 per cent of Facebook users surveyed were spending less time...
07:55 AM, Jun 05, 2012
Thiruvananthapuram: Employees of Air India Air Transport Services Ltd (AIATSL) at the Thiruvananthapuram international airport are up in arms against the new service conditions they have been offered after the company hived off the ground handling and cargo handling services. Forty AIATSL employees have been given three options -- to join Air India-Singapore Airport Terminal Services Ltd (AISATS) at the entry level, to opt a transfer to any other station...
02:59 AM, Jun 05, 2012
New Delhi: Against the backdrop of economic slowdown, Prime Minister Manmohan Singh is expected to issue directions for scaling up infrastructure targets when he holds a meeting on Wednesday to take stock of such sectors at a time when projects worth Rs 1.46 lakh crore are pending. The meeting, called as part of an exercise to boost investor sentiment in the country, will be attended by ministers of infrastructure ministries...
02:29 AM, Jun 05, 2012
New Delhi: Finance Minister Pranab Mukherjee on Monday admitting the current economic condition in the country was "difficult" but rejected any comparison with the situation of 1990 when India had faced an external debt crisis. During the CWC meeting, Mukherjee said that the current economic situation was also discussed. "I explained that an attempt is being made to make a comparison between 1990 and 2012. I think that comparison is...
01:10 AM, Jun 05, 2012
Bhubaneswar: Striking hard at those who allegedly plotted an unsuccessful coup against him, Odisha Chief Minister Naveen Patnaik on Monday sacked a third minister amid speculation that more heads are likely to roll soon. Housing and Urban Development Minister Sarada Prasad Nayak was shown the door three days after Patnaik dismissed two other ministers Anjali Behera and Sanjeev Sahu for allegedly conspiring to topple his government. "I have forwarded a...
07:26 PM, Jun 04, 2012
New Delhi: Union Finance Minister Pranab Mukherjee on Monday dismissed the possibility that India's economic situation is anywhere near as dire as in 1991. "Attempts have been made to link the current situation with that in 1991. I think this comparison is not correct. There is no reason to believe that we are going back to the situation of 1991 because our fundamentals are very strong," said Mukherjee. "Our foreign...
06:10 PM, Jun 04, 2012
New Delhi: Congress president Sonia Gandhi on Monday attacked the Opposition and civil society for levelling "baseless" allegations against Prime Minister Manmohan Singh, government and Congress. "We will have to fight fiercely against such allegations which are part of a conspiracy," Sonia said. "Opposition and some other anti-Congress forces are making false allegations against the Prime Minister. The economic problems affecting aam admi (common man) are a challenge before us....
12:24 PM, Jun 04, 2012
New Delhi: It is stock-taking time for the ruling Congress as the party's Working Committee is set to meet on Monday after a gap of a year. It is the party's highest decision making body. The meeting comes right in the middle of a worsening political and economic crisis. The biggest question of all will be whether party President Sonia Gandhi will take some tough decisions or it will be...
10:11 AM, Jun 04, 2012
New Delhi: The Congress Working Committee (CWC), the party's highest decision making body, will meet on Monday after a gap of one year in the middle of a worsening economic slowdown and grave corruption charges. Congress President Sonia Gandhi is expected to discuss the Antony Committee report on the recent poll debacle and also outline the road ahead for 2014 Assembly Election. The Committee is also likely to decide the...
06:39 AM, Jun 04, 2012
Mumbai: Union Agriculture Minister and NCP president Sharad Pawar on Saturday said India and China can take advantage of the financial crisis in other parts of the world by increasing their production. Pointing out that the investment climate in the country had been affected, Pawar said steps needed to be taken to encourage foreign investments in the country. "Foreign investment should be encouraged. Our strength to increase production should be...
12:39 AM, Jun 03, 2012
Athens: The leftwing party that came a surprising second in last months Greek elections has pledged to halt interest payments due on the countrys debt and revoke the terms of its bailout agreement if it comes to power in a re-run vote on June 17. Alexis Tsipras, leader of the far-left Syriza party, said he would also cancel 11bn of cuts due to be implemented this month, reverse promised labour...
12:12 AM, Jun 03, 2012
New Delhi: Air India has switched from manual to an electronic crew management system to stop manipulations in the allocation of flight duties to employees. The airline resorted to the electronic roaster system from Friday following directions of Civil Aviation Minister Ajit Singh. "The new system will ensure high levels of safety of operation, meet regulatory requirements, optimise crew utilisation and achieve crew satisfaction," said a ministry statement. "It (system)...
08:42 PM, Jun 02, 2012
Washington: Another bad month for the US job market is lengthening the list of perils facing the global economy. American employers added only 69,000 jobs in May, the fewest in a year and not even close to what economists expected. For the first time since June, the unemployment rate rose, to 8.2 per cent from 8.1 per cent. It was the third month in a row of weak job growth...
11:02 AM, Jun 02, 2012
New Delhi: A military intelligence unit of the Army is under the scanner after a soldier was caught in April allegedly trying to sell top secret operational information to Pakistan's spy agency ISI. The Army headquarters is awaiting the completion of inquiry and full report which names a clerk level official. The data recovered likely contains detailed operational plans, information on troop deployments and even conversations between top officers at...
09:33 AM, Jun 02, 2012
New Delhi: Five global financial services majors, including Morgan Stanley, Stanchart and Citi, have lowered India's growth prospects to 5.7-6.4 per cent for the current fiscal, a day after markets received a "shock" from nine-year low GDP growth of 6.5 per cent for 2011-12. In their reports to clients worldwide, most of them blamed policy inaction by the government as a major roadblock to the Indian economy, which had expanded...
12:39 AM, Jun 02, 2012
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