News
Pop Star Michael Jackson died
Jun 26th
Michael Jackson died after suffering a cardiac arrest, sending shockwaves sweeping across the world and tributes pouring in for the tortured music icon revered as the “King of Pop.”
Jackson, 50, collapsed at his rented mansion in the exclusive Los Angeles neighborhood of Holmby Hills and was rushed to hospital by paramedics before being pronounced dead [...]
15th Lok Sabha now have 79 ministers
May 28th
Today 59 new ministers are included in the council and this makes Team Manmohan’s total count to 79, just two less of the upper ceiling of 81. The swearing-in takes place at 1130 hrs IST. In the first round of swearing-in 19 ministers along with Manmohan Singh had been sworn in on May 22.
15th Lok [...]
Blast near ISI headquarters in Lahore
May 27th
Terror struck Lahore for the third time in two months when an explosives-laden vehicle apparently targeting the ISI headquarters went off in crowded Civil Lines area, killing at least 30 people and leaving nearly 150 injured. ( Watch )
At least four men with rifles stepped from the car and opened fire on the intelligence [...]
Microsoft fined in Germany
Apr 9th
Germany’s main competition agency, the Federal Cartel Office, slapped a fine of 9 million euros ($12 million) on US software company Microsoft for imposing a retail price for its Office Home and Student 2007 software.
Microsoft said it would pay the fine to avoid a lengthy legal dispute and was reviewing its internal processes in Germany [...]
TCS going to layoff 1300
Mar 9th
Tata Consultancy Services (TCS) has decided to layoff around 1,300 employees or 1 per cent of its global workforce this year. About 100 employees have already been fired in Chennai alone in the last two weeks.
This comes in the wake of recent announcements by the company’s MD S Ramadorai 10 days back that variable pay [...]
Noida MMS Scandal
Feb 20th
Five years after a sex clip made and circulated by a Delhi school student made news, a similar incident has been reported from a business school in Noida.
A student has sent out a video of his 23-year old girlfriend doing a striptease for him, to some fellow students at the management school. This reportedly happened [...]
Terror attack in Mumbai: NSE, BSE closed today
Nov 27th
The Indian stock exchanges, BSE, NSE will remain closed today on account of terror attack in Mumbai. It is learned that normal trade will resume tomorrow. The capital market regulator, SEBI confirmed no trading on BSE, NSE today. November expiry is also postponed till Friday. This decision comes in the wake of terror attack in [...]
Citibank plans to layoff 53000 employee
Nov 18th
Citigroup Inc., the US bank with the most employees, plans to layoff 53,000 employees and cut expenses by 20%. This is the biggest cut so far by a financial institution since the economic crisis began and the biggest layoffs in the US since the automobile industry laid off almost 80,000 workers in 1980.
CEO Vikram Pandit [...]
NIFTY and BSE Sensex down by more than 10%
Oct 24th
Economic crisis seems to continue and its face is now becoming worse. The benchmark indices Nifty and BSE crashes below 10% today. The pressure in the market are coming in from the European funds. Some large Europe based funds are facing serious redemption pressure. The panic sell by the local funds are increasing the pressure [...]
Jet Airways layoff 800 employees Kingfisher may follow
Oct 15th
Economy crisis follows largest layoffs in Indian aviation sector, Jet Airways given pink slips to more than 800 cabin crew and customer care executives. Jet Airways and Kingfisher Airlines had announced a cost-cutting collaboration on Monday October 13. Meanwhile, sources say that Kingfisher airlines is also likely to lay off employees.
The downturn in the world [...]
