Monday, August 13, 2007

Top news from Indian Express

1)Eco-friendly coir industry gets 200cr for modernisation

2)Asian Development Bank and World Bank have agreed to provide financial assistance of for strengthening the rural cooperative credit structure in the country.

3)World leader in mobile phones Nokia alerted its customers of a possible malfunction of its handsets due to a faulty battery that could get overheated while charging and offered to replace them for free. The company issued a product advisory for the Nokia-branded BL-5C battery manufactured by Matsushita Battery Co of Japan between December 2005 and November 2006.

4)The service sector in India currently accounts for around 52 per cent of the total GDP, there is a dearth of a credible business model that offers the entire range of services to the consumers on a single platform in the country. Since only three per cent of the country’s population is presently able to avail the benefits of e-commerce due to poor internet penetration, s-Commerce is going to grow in India at over 100 per cent per annum. The growth of s-commerce is also expected to surpass e-commerce growth since around 80 per cent of the online transactions in service sector are made by paying in cash.

5)Employees in call centres and BPO companies are making quick moves through Employee Referral Programmes (ERP) and saving time for the recruiters. The process helps employees to earn as well as refer a friend. Employees are motivated and it makes them feel that they are a highly valued resource.
The referral process is easy. The employee needs to submit the resumé of the candidate whom he is referring along with the badge number (a unique number given to each employee). Then the person is called for an interview and if selected the amount is credited to the employee after the person referred completes six months with the organisation

6)India at 60: Pvt job salaries twice those of govt entities

7)The findings of this year's Grant Thornton International Business Report (IBR) 2007 reveals that for the fourth consecutive year India topped the chart as the most optimistic country

8)IT majors Infosys and Tata Consultancy Services (TCS) have emerged as the most reputed corporates in India while Tata Motors, Tata Steel and Hindustan Unilever have tied for the second place, says a corporate reputation index study
The largest car maker in the country Maruti Udyog has got the third highest number of votes on the index, says the global consultancy firm TNS' latest Corporate Reputation Index

9) India's third-largest software services exporter, Wipro Ltd, is in talks for software and technological support contract for an upcoming Boeing facility in India

10) India will be the second largest economy in the world by the mid-century, according to the country's High Commissioner to the UK, Kamalesh Sharma.

11) Emerging economies, including India, will overtake the developed countries in economic growth by 2050, with the popularity of India and China as investment destination is rising while the attractiveness Europe and North America is slipping, says a study.

The seven new global powers by 2050 will comprise the so-called BRIC economies (Brazil, Russia, India and China) together with Indonesia, Mexico and Turkey," says the Ernst and Young European Attractiveness Survey 2007.

These seven emerging countries would overtake the economies of the G7 countries -- Britain, Canada, France, Germany, Italy, Japan, United States -- in terms of gross domestic product (GDP) but whether India can develop its infrastructure at pace with that of global investment remains to be seen, the survey added.

12)Israel has proposed a Free Trade Agreement (FTA) with India to boost burgeoning economic and bilateral ties.

13) Wal-Mart Stores Inc and India's Bharti Enterprises said on Monday they had signed an equal joint venture for Indian cash-and-carry and retail back-end operations
The joint venture, to be called Bharti Wal-Mart Private Ltd, would open 10 to 15 cash-and-carry, or wholesale, facilities in India over seven years

14) Jet Airways on Monday launched its debut flight from Brussels to India, becoming the first private Indian carrier to fly to and from continental Europe

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