Baoding: The giant orange robotic arms that swiftly weld together car frames at the Great Wall Motors factory in Baoding might seem like the perfect answer to China's fast-rising labour costs - they don't ask for a raise, get injured or go on strike. For Great Wall, a private sector Chinese car maker that employs 50,000 workers, the Swiss robots and other machinery that line its bright factory floor produce...
11:26 AM, Jun 04, 2012
Washington: US President Barack Obama on Saturday called on the US Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation. "We've got to finish the job of implementing this reform and putting these rules in place," Obama said in a weekly radio address that accused some on Wall Street of causing the 2007-2009 economic...
06:14 PM, May 20, 2012
New York: Investors are bracing for Facebook's Wall Street debut on Friday after the world's No.1 online social network raised about $16 billion in one of the biggest initial public offerings in US history. Valued at $104 billion, Facebook is larger than Starbucks Corp and Hewlett-Packard combined, sparking intense speculation on how much higher its valuation will rise once shares start trading. "A 15 to 20 per cent pop is...
01:01 PM, May 18, 2012
Be careful. Very careful. "Bad management theories are destroying good management practices". That is what Sumantra Ghoshal, one of the most respected voices in the world on what management ought to be like, argued in a path breaking paper by the same name. It was published shortly after he died in 2004 and continues to hold resonance even today. It was written when a wave of devastating corporate scandals had...
01:46 PM, May 12, 2012
London: Viewers of BBC Scotland were on Thursday pleasantly surprised when Prince Charles appeared on their screens to present the weather, and cracked some jokes in the process. He delivered the lunchtime weather bulletin when he and the Duchess of Cornwall visited the BBC's Glasgow office. BBC Scotland is currently celebrating 60 years of operation. Prince Charles appeared initially to fiddle around the 'clicker' which is used to change the...
10:08 PM, May 10, 2012
New York: High-wire performer Nik Wallenda announced on Wednesday that June 15 is the day his boyhood dream to walk a tightrope over Niagara Falls will become a reality. Wallenda, 33, a seventh-generation member of the famed "Flying Wallendas" family of circus performers, is set to walk a 2-inch (5 cm) cable strung 1,800 feet (550 meters) across Niagara Falls gorge - the first such tight rope feat between the...
10:18 AM, May 03, 2012
Every once in a while, we hear about a man who has returned from a far flung jail after decades to find that his family has moved on, his wife has remarried or died, his children do not recognise him, theres nobody waiting for him. There is a soundbyte and pictures of a vacant, resigned face. This book looks beyond that blank face. It delves into the vortex of emotions,...
02:37 PM, Apr 24, 2012
BANGALORE: Have you noticed the colourful and meaningful paintings on many walls of the city, depicting the history of the state, the tradition and culture of Kannadigas or tourist havens of Karnataka? May be or may not be. But do try to spare a glance as they are now in a state of utter neglect and fading glory. Way back in 2009, the Bruhat Bangalore Mahanagara Palike (BBMP) came up...
09:55 AM, Apr 24, 2012
Berlin: The eurozone nations have reached a deal to build up a massive 800-billion-euro (around $1.1 trillion) financial firewall to prevent the two-year-old sovereign debt crisis from engulfing larger economies such as Spain and Italy. The finance ministers of the 17 nations using the single currency agreed on Friday at the start of a two-day meeting in Copenhagen to bolster the firepower of eurozone's financial bailout fund to 700 billion...
02:27 PM, Mar 31, 2012
New Delhi: There is a strong possibility that you won't be able to indulge in your favourite internet activities like shopping and surfing due to a hacking group - Anonymous - which has threatened to shut down the net on Saturday. "Operation Global Blackout 2012 looks to shut down the Internet for a whole day tomorrow (Saturday) by disabling its core DNS servers, making websites inaccessible," said Interpol's Secretary General,...
09:14 PM, Mar 30, 2012
New York: As spring approaches, Occupy Wall Street protesters who mostly hibernated all winter are beginning to stir with plans for renewed demonstrations six months after the movement was born. The global protests against corporate excess and economic inequality are generally thought to have begun September 17 when tents sprang up in a small granite plaza in lower Manhattan. The movement has lost steam in recent months, with media attention...
08:59 AM, Mar 19, 2012
New York: The S&P 500 closed above 1,400 for the first time since the 2008 financial crisis on Thursday as stocks resumed the upward climb that has produced a steady stream of gains this year. The benchmark index is up for six of the past seven sessions and is on target for its best week since early February. Financial stocks, which have dragged lately, led the day with the S&P...
09:20 AM, Mar 16, 2012
London/Hong Kong: JP Morgan CEO Jamie Dimon warned employees not to seek advantage from competitors' 'alleged issues' after a former Goldman Sachs banker sparked a firestorm by charging that Goldman managing directors viewed clients as 'muppets'. Dimon's memo, awaiting Asia employees in their e-mail inboxes on Thursday morning and a copy of which was seen by Reuters, also implored staff to focus on their own bank's standards amid the furore...
08:06 AM, Mar 16, 2012
New Delhi: Close on the heels of launch of Airtel Money service in India, Google is mulling to bring its mobile wallet services to the country. According to Reuters, Google is forcing Android app developers to adopt Google Wallet and failure to do so might result in getting their apps suspended from the Android marketplace which is now known as the Google Play. Google Wallet is a mobile payment system...
04:59 PM, Mar 10, 2012
I was in my early teens when I got hooked to cricket. My father has been a cricket freak all his life and I somehow ...
02:16 PM, Mar 09, 2012
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Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
