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Head of GM Europe may join Tata motors: Report

Sat, 07 Nov 2009 12:39:26 GMT

Frankfurt: The European chief of General Motors (GM), Carl-Peter Forster, may switch to Indian car manufacturer Tata, German media reported Saturday.

Gold prices close in Rs 17K per 10 gram level

Sat, 07 Nov 2009 12:39:26 GMT

New Delhi: Gold prices today spiked to a new high of Rs 16,900 per 10 gram in the bullion market here on strong marriage season demand amid firming global trends.

Nano vendors will shift to Sanand by March

Sat, 07 Nov 2009 12:39:26 GMT

Rajkot/Ahmedabad: Nearly 60 vendors will move to the vendor park at Tata Nano’s Sanand plant by March next year. The rollout of the car is set for the January to March quarter, and vendors will feed the plant at existing locations till they shift.

SBI slashes deposit rates by 25-50 bps

Sat, 07 Nov 2009 12:39:26 GMT

Mumbai: The country’s biggest lender, State Bank of India (SBI), today slashed interest rates on domestic term deposits by 25-50 basis points (bps) across maturities to reduce cost of funds.

Ford Taurus in one-week production halt

Sat, 07 Nov 2009 12:39:26 GMT

Detroit: A labor dispute at an auto parts supplier in India has forced Ford Motor Co to shut production of its new Taurus full-size sedan one week due to a transmission component shortage, a spokesman said on Friday.

Megha Mittal shows family's steel in fashion coup

Sat, 07 Nov 2009 12:39:26 GMT

Frankfurt: By snapping up insolvent German fashion house Escada, Megha Mittal, daughter-in-law of steel magnate Lakshmi Mittal, launched the type of corporate coup more associated with her famous namesake.

CEOs@work: Of leadership virtues and succession games

Sat, 07 Nov 2009 12:39:26 GMT

Be it debate on ‘vulgar’ salaries, or the question of grooming successors, the vision of Chief Executive Officers (CEOs) determine the growth path of an organization. CEOs also tend to make a style statement, other than the annual vision statement that comes by way of market projections- a statement that guides the fleet of workforce they lead.

Jobs, Buffet, Nooyi among top 5 CEOs of the decade

Sat, 07 Nov 2009 12:39:26 GMT

He single-handedly saved Apple, wrought a revolution in online music, created a world-beating smartphone and led Pixar to dominate computer animation. So it's no surprise that Apple chief executive Steve Jobs was named CEO of the decade Thursday by Fortune magazine, which said that Jobs' success in reordering four industries - computers, music, movies and mobile telephones - was "unheard of."

Sensex rallies on strong global cues

Sat, 07 Nov 2009 12:39:26 GMT

Mumbai: The markets have continued from where they left last evening, with the Sensex gaining 185 points at 16,249 and the Nifty placed at 4828, up 63 points.

Apple's Steve Jobs named CEO of the decade

Sat, 07 Nov 2009 12:39:26 GMT

San Francisco: He single-handedly saved Apple, wrought a revolution in online music, created a world-beating smartphone and led Pixar to dominate computer animation.

BCCI opens bidding for 10-yr IPL theatre rights

Sat, 07 Nov 2009 12:39:26 GMT

Mumbai: Leading multiplexes and media companies are queuing up for the theatrical rights to the Indian Premier League (IPL)cricket matches for the coming decade.

Trai mulls fixing SMS termination charges

Sat, 07 Nov 2009 12:39:26 GMT

New Delhi: In the next few months new operators offering a large number of free short messaging service (SMS) deals to attract mobile subscribers might soon find it difficult to do so. Telecom operators that have contracted bulk deals with companies to send unsolicited messages to operators in other networks might also find it more expensive.

Microsoft launches online services in India

Sat, 07 Nov 2009 12:39:26 GMT

New Delhi: Software giant Microsoft announced the commercial availability of its online services in India at prices starting from $2 (Rs 95) per user per month which will allow small and medium enterprises (SMEs) and enterprise customers to access Microsoft’s e-mail, collaboration, conferencing and productivity capabilities online.

Murthy's wife sells 1.6 mn Infosys shares for Rs.4.3 bn

Sat, 07 Nov 2009 12:39:26 GMT

Bangalore: Sudha Murthy, wife of Infosys Technologies co-founder N.R. Narayana Murthy, sold 1.6 million shares of her holding in the IT bellwether for over Rs.430 crore (Rs.4.3 billion/$91.5 million), the company said Thursday.

No cap on CEO's salary in new Companies Bill: Khurshid

Sat, 07 Nov 2009 12:39:26 GMT

The existing 11 per cent cap on salaries of CEOs of corporates has been removed in the new Companies Bill-2009.

Nasscom-promoted Innovation Fund gets corpus of Rs 40 cr

Sat, 07 Nov 2009 12:39:26 GMT

Mumbai: Nasscom today said that the India Innovation Fund (IIF) promoted by it and ICICI Knowledge park (IKP) has achieved its first closing corpus of Rs 40 crore.

GVK acquires 12 percent stake in Bangalore airport

Sat, 07 Nov 2009 12:39:26 GMT

Mumbai: GVK Power and Infrastructure has approved a 12 percent stake acquisition in Bangalore International Airport Ltd from Zurich Airport for Rs.484 crore, the company said here Thursday.

Apex court begins hearing of Ambani gas case afresh

Sat, 07 Nov 2009 12:39:26 GMT

New Delhi: The Supreme Court Thursday began hearing afresh the high profile legal dispute between the Ambani brothers, Mukesh and Anil, over the supply and pricing of natural gas.

Hyundai India looking overseas for talent

Sat, 07 Nov 2009 12:39:26 GMT

Chennai: The country's second largest car manufacturer, Hyundai Motor India, is looking overseas for talent at the levels of general managers and group heads for its product design and marketing divisions, a senior official has said.

India shows bull market for gold intact: Forbes

Sat, 07 Nov 2009 12:39:26 GMT

Washington: India's purchase of 200 tonnes of gold for $6.7 billion from the International Monetary Fund (IMF) "shows central banks are getting on board with the idea that the bull market in gold still has legs," according to Forbes magazine.