Business
Unisys to axe 1,300 jobs; suspends salary hikes
Dec 23rd
IT services and solutions provider Unisys Corporation has said it will slash as many as 1,300 jobs across the world and plans to forgo any salary hike next year in most of the countries where the company operates.
“The headcount reductions have begun and will continue into 2009… the company also plans to forgo 2009 salary increases in most of the company’s markets,” Unisys Corporation said in a statement.
Unisys said that it is exploring a wide range of cost-reduction options and that actions currently underway are expected to reduce its annual cost structure by more than USD 225 million. (more…)
More >WiFi tops best technological innovation poll
Dec 23rd
Surfing the net has become a lot more easier since wireless internet has come into being, and now Wi-Fi has rightly topped the poll for the greatest technological advance of the last decade, according to a survey.
With 35.5 percent votes, Wi-Fi has beaten Sky+, Sat Navs, iPods and Blackberries to win the poll conducted by a leading gadget magazine.
In the survey by ‘Stuff’ magazine, the readers were asked to choose the greatest technological innovation of the past ten years. (more…)
Telecom services: 3G players will be allowed in 2G space as well
Dec 23rd
Successful bidders for spectrum allocation for third generation (3G) telecom services will also be eligible to get spectrum space for second generation (2G) services, as and when any space becomes available, the Telecom Commission said here Tuesday.
‘New 2G spectrum will be allocated as and when it is available. Currently 2G is saturated and we hardly have any spectrum available, so successful 3G bidders will have to wait in queue to avail of 2G spectrum,’ said R. Ashok, member, finance, Telecom Commission, on the eve of bidding for 3G spectrum.
The member’s statement helped dispel rumours that 3G operators would only be More >
Volvo to unveil world’s ‘first accident-proof car’ next month
Dec 23rd
Car giant Volvo is set to unveil its first ever “accident-proof car”, which will drive itself in traffic by using radar to control the distance.
The Swedish manufacturer will unveil Volvo S60 with automatic brakes at the next month’s Detroit motor show. It will go on the market in 2010.
“This technology helps us take an important step towards our long-term vision of designing cars that should not crash,” the Telegraph quoted Thomas Broberg, the company’s safety specialist as saying. (more…)
Global meltdown dampens Christmas celebrations
Dec 15th
Kochi, Dec 15 (ANI): The Christmas approaching, the Christians here are worried about the tightening strings to their purses. The effects of global meltdown have already trickled down.
Most sought after commodities during the Christmas celebrations are the cakes and the gift articles. The shops of Kochi are all decked up but wear a deserted look with the customers staying away.
“The recent crisis has really affected us a lot. We have started feeling it. Till last year, the customers during Christmas used to come and do a lot of cash business, but this year may be because of the financial slowdown More >
World Bank to aid India banks in new lending plan
Dec 15th
A $14 billion World Bank lending plan for India, the biggest ever by the global lender to Asia’s third-largest economy, will help recapitalize state-run banks facing liquidity strains and target the country’s poorest regions, a senior Bank official said.
In an interview with Reuters, Rachid Benmessaoud, the Bank’s acting country director to India, said some $3 billion of the loan will focus on areas most affected by the global financial crisis, including state-owned and housing banks, small- and medium-sized enterprises and infrastructure.
“The capital market is drying up in India and we have seen that a number of commercial state banks are More >
GLOBAL MARKETS – Asia shares advance, but economy fears weigh
Oct 17th
HONG KONG, Oct 17 (Reuters) – Asian shares rose on Friday after encouraging earnings signals from technology firms such as IBM and a slowly improving tone in beleaguered short-term money markets helped ease concerns about a global recession.
Asian stocks posted their first weekly gain in seven, with advances in the last trading day underpinned by a rally on Wall Street on Thursday that sent the Dow Jones industrial average up more than 4 percent.
European shares were set to surge, with major indexes such as Britain’s FTSE 100 seen up by more than 4-5 percent.
Oil prices rose nearly $3 a barrel, More >
10 Tips for Time Management for Your Home-Based Business
Aug 20th
Time is money, and no one knows this better than home-based business owners. You work, you get paid. And if you don’t work, well, no one will magically deposit a paycheck into your bank account twice a month.
For most home-based business owners, that’s plenty of incentive to manage their time effectively. But how can you make the most of each work day? Start with these 10 tips: Plan tomorrow today. Even the most successful and conscientious small business owners need help handling all they need to accomplish. Planning tomorrow’s schedule today is a great way to get ahead. At the More >
How to Multiply Your money.
Aug 19th
Hello every one, I want to share my personal experience in multiplying money. Before I let you know the formula for money making, I will let you assume a practical example that how the money gets multiply.
If you deposit 5000 bucks every year, for 20 years @ 10% p.a. How much you will get in returns after 20 years can you guess…….? That means you deposit 5000 bucks every year @10% p.a. for the period of 20 years. At the end of 20th year you will have 315,012 Bucks!!! It’s 3 times your investment!!
So now I will share with you the success More >
India gold sales heavy after fall below 12,000
Aug 8th
MUMBAI (Reuters) – Indian gold prices fell below a psychological mark on Friday, tracking foreign markets, leading to heavy sales and a shortage in supply, dealers said.
“There is very good demand from all those who had waited,” said Harshad Ajmera, proprietor of JJ Gold House, a large wholesaler in Kolkata. “Investors and jewellers, all are buying in bulk.”
Gold fell below 12,000 rupees per 10 grams for the first time in eight weeks as foreign markets slid on a stronger dollar against the euro after the European Central Bank’s caution on the growth outlook.
Gold generally has an inverse relation with the More >