Mobile Reviews

IBM, Wipro in fray for Polaris stake

admin — Fri, 21 Nov 2008 02:48:20 +0000

With the market abuzz with the possibility of Citigroup’s plans to sell the 43 per cent stake in the Polaris Software, it seems like othe IT majors are getting ready for buying stake in the Chennai-based financial software firm. NDTV has learnt from sources that IBM could be a clear frontrunner along with Wipro. The negotiations [...]

PSU chiefs get over 100% hike

admin — Fri, 21 Nov 2008 02:32:43 +0000

At least some folks now have reason to smile in these otherwise grim times. Even as the private sector lives in fear of pink slips and salary cuts, it’s champagne time in the public sector. The Cabinet on Thursday green-signalled a bonanza for public sector executives and non-unionized supervisors with salaries of chairpersons of top ranked [...]

TCS to bag India’s largest e-gov deal

admin — Fri, 21 Nov 2008 02:29:15 +0000

India’s largest IT company Tata Consultancy Services (TCS) has emerged the lowest bidder for the country’s largest e-governance contract, to computerise Employee State Insurance Corporation (ESIC) and provide smart cards to around 1.5 crore industrial workers across the country. According to a government official, TCS bid Rs 1,677 crore ($320 million) for the contract, beating its [...]

‘Aamir stole my idea for Taare Zameen Par’

admin — Fri, 21 Nov 2008 02:24:12 +0000

Mathematical genius Shakuntala Devi said Aamir Khan Productions stole ideas from her book, In the wonderland of numbers for Shakuntala Devi in Beijing. (TOI Photo by Saibal Dasgupta) Bollywood flick Taare Zameen Par without giving her credit for it. She is now planning to produce her own movie based on the story in the book. The [...]

Rupee hits another record low at 50.20/21

admin — Fri, 21 Nov 2008 02:20:50 +0000

Intervention by the Reserve Bank through state-owned banks notwithstanding, the Indian rupee ended at yet another record low of 50.20/21 on Thursday, cheaper by 18 paise against the greenback due to exodus of foreign investments and descending equity markets. Dealers said heavy dollar selling caused high level of volatility at the Interbank foreign exchange (forex) market [...]

RBI asks banks to give Rs 3,000 cr for funds under SIDBI, NHB

admin — Fri, 21 Nov 2008 02:17:50 +0000

To ensure growth momentum in the employment sensitive micro and small enterprises as well as rural housing sectors, the Reserve Bank has asked banks to provide Rs 3,000 crore for funds under SIDBI and National Housing Bank. Of this amount, Rs 2,000 crore would be given to Micro, Small and Medium enterprises (Refinance) Fund with SIDBI [...]

Large-scale job cuts in India unlikely: Cabinet Secretary

admin — Fri, 21 Nov 2008 02:14:23 +0000

ia is unlikely to see any large-scale job cuts as it has a strong domestic market to consume what it produces, Cabinet Secretary K M Chandrasekhar said. “Most of our productions are based on domestic demand. As long as domestic demand remains reasonably strong, I don’t think there would be any large-scale job cuts in India,” [...]

Prices of new houses to fall by 5-10%

admin — Fri, 21 Nov 2008 02:11:39 +0000

That house you’ve been longing for may be within your budget soon. Real estate developers have decided to cut prices on the houses they sell by 5 to 10%. Faced with a situation in which buyers had become scarce, two major bodies of builders announced the proposed cuts on Thursday. Developers feel that the announcement of [...]

Paramilitary forces unhappy with pay panel

admin — Fri, 21 Nov 2008 01:53:18 +0000

For the UPA government, the Sixth Pay Commission has created more problems than it has solved. The paramilitary — the third largest force in the world — too is unhappy over the recommendations and feels cheated. Mohinder Lal was a star of the Border Security Force. But despite his 35 years in the force and medals [...]

Ex-servicemen want more pension

admin — Fri, 21 Nov 2008 01:51:22 +0000

Ex servicemen are holding a nationwide agitation on Monday demanding better pension and benefits. In Delhi some of them who went on a hunger strike at India Gate were detained earlier on Monday.