Sunday, September 5, 2010

Marks & Spencer drops Gurgaon factory

Marks & Spencer drops Gurgaon factory

Marks & Spencer drops Gurgaon factory

Posted: 05 Sep 2010 06:52 AM PDT

After a British weekly's revelation that a Gurgaon-based factory used by British retail major Marks & Spencer was abusing its workers, the company has stopped placing orders with the factory.

RBI guv earns less than 5% of top-paid bankers

Posted: 05 Sep 2010 02:39 PM PDT

In an irony of sorts, RBI gets to approve salaries of all the top-level bankers in the country, but the central bank's top officials themselves get less than 5% of what is paid to the bank chiefs.

NSE to start mobile trading from early Oct

Posted: 05 Sep 2010 02:28 PM PDT

With a view to reach out to more customers, the National Stock Exchange (NSE) is gearing-up to launch mobile trading through nearly 800 registered brokers in early-October, an NSE official said.

L&T slams SE Asian companies

Posted: 05 Sep 2010 02:44 PM PDT

Engineering-to-construction conglomerate Larsen & Toubro has complained to the commerce ministry about restrictive trade practices by Southeast Asian nations to keep Indian firms away from their projects and suggested a tit-for-tat approach against companies from that region.

US CEOs pocket hefty payouts amid layoffs: Study

Posted: 05 Sep 2010 12:54 AM PDT

Cost-cutting moves might have cost thousands of US jobs, but many CEOs at companies' that resorted to massive layoffs saw their pay packets fatten in 2009, says a study.

SBI mulls merger of associate banks

Posted: 04 Sep 2010 11:28 PM PDT

State Bank of India (SBI) is considering the merger of all five of its remaining associate banks with itself, having amalgamated with two of them in the last two years.

'Maruti Suzuki to build new auto plant'

Posted: 04 Sep 2010 10:26 PM PDT

Japan's Suzuki Motor Corp is planning to build a new factory in India capable of producing more than 250,000 vehicles a year, the Nikkei business daily reported on Sunday.

Maharashtra, Delhi NCR top FDI list in India

Posted: 04 Sep 2010 10:30 PM PDT

Maharashtra attracted maximum foreign inflows at USD 1.53 billion (Rs 6,989 crore) and accounted for 35 per cent of the country's total FDI during April-June this fiscal.

IRDA to set up integrated grievance redressal cell

Posted: 04 Sep 2010 10:29 PM PDT

Insurance watchdog IRDA will set up a centralised grievance redressal mechanism to ensure that the problems of customers in the life and non-life sectors are addressed in a time-bound manner.

Gulf frequency of AI Express flight to decrease by 8-10%

Posted: 05 Sep 2010 07:00 PM PDT

Air India Express' decision to curtail a number of flights on several routes, including the Gulf, was based on operational reasons and the frequency drop would be only 8 to 10 per cent, a senior AI official said.

Moderate world recovery underway, says IMF

Posted: 05 Sep 2010 08:32 AM PDT

The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF's First Managing Director, John Lipsky, said on Sunday.
Posted by Harshad at 9:20 PM

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