“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.

The cost-reduction actions –led by new Unisys Chairman and CEO Ed Coleman — are part of an overall programme to simplify the company’s business structure, concentrate its resources more effectively and drive improved market success and profitability, Unisys added.

The initial cost-reduction actions are focused on reducing selling, general and administrative (SGandA) expenses and controlling or reducing labor costs across the board.

“The company plans to reduce its spending on third-party expenses, facility consolidations, head-count reductions and a suspension of company matching contributions to the US 401(k) plan, which had been costing about USD 50 million annually,” the statement added.

http://in.news.yahoo.com/241/20081223/1265/tbs-unisys-to-axe-1-300-jobs-suspends-sa.html

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 than a third voted for Wireless Internet.

SKY+, the personal video recorders (PVR) by Sky, at the second place, has emerged as the best known and best loved PVR.

“It really has given power to the consumer to allow them to watch what they want when they want,” the Telegraph quoted Fevzi Turkalp, who runs the Gadget Detective website, as saying.

Sat Nav, provided in almost every car now, stood at the third place, while energy-efficient Hybrid Cars have marked fourth place in the list.

Apple’s iPod has taken the fifth place in the list.

Simon Osborne-Walker, the publisher of Stuff magazine, said that he was confident readers had managed to sum up the best of the last decade.

“It’s been an amazing ten years for technology. Gadgets have gone from being big black boxes under the television to lightweight, portable devices,” he said.

Stuff’s list of the best technological innovation of last decade:

1. Wireless Internet – 35.5 percent

2. Sky+ – 16.9 percent

3. Sat Nav – 16.6 percent

4. Hybrid Cars – 8.9 percent

5. iPod – 5.6 percent

6. Chip and Pin – 5.6 percent

7. Nintendo Wii – 3.9 percent

8. Skype – 1.7 percent

9. Oyster Card – 1.5 percent

10. Blackberry – 1.1 percent

Other – 2.6 percent

http://in.news.yahoo.com/139/20081223/393/ttc-wifi-tops-best-technological-innovat.html

‘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 allowed to function in the 3G domain.

According to Department of Telcom (DoT) officials who requested anonymity, Chennai and Tamil Nadu that were earlier two separate circles, will now be considered as one circle and licence-holders for each will now be able to bid for the new combined circle.

http://in.news.yahoo.com/43/20081223/870/ttc-telecom-services-3g-players-will-be.html

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.

“Our aim for 2020 is that no one should be killed or injured in a Volvo car,” he added.

The car can stop itself upon sensing that a collision is about to happen either a car or a pedestrian, even when travelling at low speeds.

It will feature a sophisticated cruise control system designed to automatically maintain a safe distance from the car in front.

It works with the help of a radar unit fitted in the car’s grille, which not only detects what is in front of the vehicle, but how fast it is moving.

When the car believes that there is an imminent threat of a collision, a light flashes on a windscreen display in front of the driver at the same time along with an audible warning, the brakes are applied automatically.

http://in.news.yahoo.com/139/20081223/393/ttc-volvo-to-unveil-world-s-first-accide.html

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 they are not willing to do the same which has badly affected our sales,” said Sandhya Devraj, Supervisor, Lemars Marketing (P) Ltd.

The actual Christmas and New Year sales normally start much before. The markets are flooded with costumers buying cakes, confectioneries and gift articles. The shopkeepers had a handful of orders by now last year.

Some shops had registered record sales and ran out of cakes with huge corporate orders. This year, the wait for customers appears to be long.

“As we have just started the business, we can not expect good sales like last year, because of share market going down and money problem,” said Simy K Biju, shop supervisor, Pandhal Cake Shop.

Last year sale of cakes in Kerala alone stood around Rs 25 to 30 crore. The experts estimate the sales to dip by 20 to 30 per cent this year. by Juhan Samuel (ANI)

http://in.news.yahoo.com/139/20081215/824/tnl-global-meltdown-dampens-christmas-ce.html

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 not able to access long-term financing,” Benmessaoud told Reuters on Friday.

“Because of the financial distress, certain companies will not be able to repay these banks so their non-performing assets are likely to increase.”

He said the World Bank would evaluate the needs of the 27 state-run banks over the next month.

The $14 billion injection over three years comes as India’s economy, which was expected to avoid the worst of the global financial crisis, is rapidly losing steam, with industries such as automobiles, real estate and exports reeling as the world’s major economies tip into recession and credit remains tight.

Factory output in India fell for the first time in more than 13 years in October, the latest evidence of a rapid economic slowdown.

In many emerging market economies, the issue is that global markets have malfunctioned so severely that they cannot quickly access the capital they need, as banks hoard money and refuse to lend to each other.

In an attempt to ease the cash crunch in the system, the Reserve Bank of India has cut banks’ cash reserve requirements by 350 basis points since August and lowered its key lending rate.

CREDIT CRUNCH

Benmessaoud said despite government action to contain the effects of the global financial squeeze, state banks remained reluctant to lend to companies.

“As a result some companies may not be able to have access to financing for their investments,” he said.

The World Bank’s growth projections for developing countries this week forecast India’s economy would slow dramatically to 5.8 percent from 6.3 percent in 2008, with a recovery to 7.7 percent in 2010.

“Growth is a concern,” Benmessaoud added.

He said the World Bank lending strategy would target increased assistance to India’s seven poorest states including Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Orissa, Rajasthan and Uttar Pradesh, which account for a large number of India’s poor.

Benmessaoud said lending will focus on infrastructure development, especially providing India’s poorest with electricity and water, and strengthening the capacities of local authorities to use federal money more effectively.

No Indian city provides water 24 hours a day, 7 days a week, and only half the population has access to safe drinking water, while 40 percent of India’s 600,000 villages are not connected to a road.

World Bank funding will also support middle-income states like Andhra Pradesh, Karnataka, Punjab, Tamil Nadu, Haryana, Gujarat, and Maharashtra by tackling poorer regions, and addressing the challenges emerging from rapid growth, compounded now by the global economic downturn.

http://in.news.yahoo.com/137/20081215/738/tnl-world-bank-to-aid-india-banks-in-new.html

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, helped by the equity gains and growing expectations for an OPEC production cut following a tumble in crude.

But jitters remain after a volatile week that saw global stock markets rally and slump on alternative days amid signals of a potentially deep economic slowdown worldwide.

The dollar sagged against the euro, but the U.S. currency held steady against the yen.

“There’s still nervousness in the market about the real economy, but in terms of valuations the price is good right now,” said Nagayuki Yamagishi, a strategist at Mitsubishi UFJ Securities in Japan.

“The economic problems are the main theme of the market right now and everybody knows this, so rises will be limited.”

The MSCI index of Asia-Pacific stocks outside Japan was up 0.6 percent at 0630 GMT, after slumping 8 percent the previous session.

The index had gained around 1 percent for the week as of early afternoon, its first weekly gain since the end of August.

Friday’s tone was helped by some encouraging earnings signals. International Business Machines Corp (IBM) said on Thursday it expects to meet long-term profit forecasts, partly due to continued growth in emerging markets.

Meanwhile, U.S. firms such as Internet search leader Google Inc and chip maker Advanced Micro Devices Inc posted results after U.S. market hours that beat expectations.

On the credit front, recent unprecedented measures by central banks to inject liquidity into the financial system appeared to be bearing some fruit.

U.S. dollar short-term funding costs eased for the fourth day in Asia, though stress remained in several local markets due to heightened counterparty and term risks.

But analysts warned investors would be unlikely to steer their attention from concerns over the global economy.

“The focus of the market is now shifting gradually to the weakness of the real economy,” said Minoru Shioiri, chief manager of forex trading at Mitsubishi UFJ Securities.

Data on Thursday showed U.S. industrial output posted its biggest drop since 1974 in September, while a regional factory index slumped and labour markets showed softness.

Japan’s Nikkei average rose 2.8 percent, clawing back after falling 11.4 percent on Thursday in its biggest loss since the 1987 crash.

Singapore stocks rose 0.5 percent, while Shanghai’s main index advanced 1 percent.

But other major indexes in the region fell. Stocks in South Korea and Taiwan dropped more than 2 percent each. Australian stocks lost 1 percent, India’s benchmark index slipped 0.5 percent, while Hong Kong shares were flat.

OIL RALLY

The gains in equity markets, however tentative, bolstered oil prices. U.S. crude futures for November delivery rose $2.9 to $72.79 a barrel, reversing a decline of more than 6 percent during U.S. trade on Thursday.

Base metal prices also rallied, with London Metal Exchange copper, zinc and lead all up sharply percent in Asian trade.

In currency markets, although the dollar sagged against the euro it held flat near the yen in choppy trade as some investors remained concerned about a global recession.

“Fears about financial institutions going under have eased since the Group of Seven meeting last week as governments showed readiness to pump in public funds,” said Takahide Nagasaki, chief forex strategist at Daiwa Securities SMBC.

“The easing of such fears is slowly reversing a previously seen flight to safety into such currencies as the yen,” Nagasaki said.

The euro was up 0.4 percent from late Thursday New York trade at 1.3505, while the dollar held steady against the yen at 101.51.

http://in.news.yahoo.com/137/20081017/371/tbs-global-markets-asia-shares-advance-b.html

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 end of each workday, jot down a to-do list of things you want to accomplish tomorrow, in order of priority. That will get you prepared for tomorrow, and you’ll avoid wasting time deciding or worrying about what should come next.

Get your priorities straight. Prioritize your tasks. All your activities can be broken down into categories in order of importance. If you need to be networking and finding new business leads, set a time frame for that task. Then set aside time for growing and expanding current business. Then check off all the other tasks that need to be completed by the end of the day.
Maximize downtime. Keep a notepad or tape recorder with you whenever you’re away from the office. Jot down or record good ideas whenever they occur to you. Your cell phone also is a great tool. Call yourself and remind yourself of what you need to get done. If you’re traveling, bring your laptop and cell phone with you to the airport, and catch up on email and calls while you wait.

Emulate the early bird. Set your alarm clock for an hour before the rest of the family is due to get up. Get up and get an early start crossing off to-do items on your checklist.
Take breaks. Set aside time for breaks during the day to recharge and reenergize. It’s amazing how much something as simple as a half-hour walk or lunch (not at your desk!) can do to clear your mind and help you refocus on your goals.

Strike a balance. The key to time management is balancing your activities so that your life is not all work and no play. You have to make time to do the things necessary to keep your business growing, but don’t do it at the expense of the things you need to do to keep yourself growing.

Pay attention to the little things. It’s the little things that can trip you up and waste time. For example, using dial-up for your computer instead of a high-speed connection to the Internet costs you time. Connecting a fax machine to your main phone line every time you need to send or receive a fax costs you time, as does going back and forth to a printer set up in a different room. Each of these items may only take a few seconds here or there, but in aggregate they can add up and cost you big chunks of your day.

Take out the trash. Throw away everything you don’t need as soon as it lands in your mailbox. This will keep junk email and snail mail from piling up and becoming a major distraction.

Stay focused. Yes, the laundry is piling up, and the dishwasher needs to be emptied. But the truth is there will always be things that you could be doing instead of working. But to run a successful home-based business, many times you’ll just have to ignore these distractions and stay focused on the task at hand.

Separate church and state. To manage your time working at home efficiently, you have to delegate what hours are for what. Explain to family — especially children — that you aren’t choosing work over spending time with them, but that you have to work during work hours. Once the workday is over, focus entirely on your family, and don’t let business intrude on your time with them.

http://www.home-based-business-blog.blogspot.com/

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 formula of multiplying your money via stock market.

Few things before I start, you need to take of the few things below listed,
1. Patience
2. Implementing the formula as per the rule.
3. Don’t go out of the Box.
4. Don’t be greedy as time goes on.

So here we go now.
Select a stock which should be an integral part of index.
The reason to select the stock from index is because the index stock is very liquid and fundamentally strong stocks.
The stocks must have an intraday moment of at least 2%-5% up or down.
These were the eligibility criteria for selecting the right stock.

Now suppose your selected stock is X and the current value of the stock X is 100 bucks.
And you only have 50,000 bucks with you in your account.

We need to segregate our investment in such a way that we should be able to buy the stocks even if it falls 50% from the current value (100) (i.e. we can buy the stocks at 50 bucks also).

Your capital is 50,000 and the stock value is 100, now 50,000/100 = 500.
You can buy 500 stocks in all.

You have to buy the stock in lot size of 50.
Every 5% fall, you have to buy 50 shares of stock X, and hence you can buy the stock till the maximum fall of 50%.

As the stocks falls you keep buying the lot size. And as the stocks rises 5% you release the stocks. That will keep booking profit at every 5% level rise and fall of the stock.
E.g. Day 1
Stock Value 95, Buy 50 shares.
Day 2
Stock value 90, Buy 50 shares
Day3
Stock value 95, Sell the last buy, i.e. 50 shares bought at 90 and hence you have booked 5% profit.

Keep following this buying and selling and you see enormous growth in your account.

http://sameer17.sulekha.com/blog/post/2008/08/how-to-multiply-your-money.htm

“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 dollar as the two compete for funds.

Retailers said demand had picked up even before the festivals had kicked in and the break of the psychological mark would bring more consumers to shops.

“Marriage-related buying has already started,” said Princeson Jose, director of Prince Jewellery in Chennai.

Many Hindu marriages are likely to be held between September and November in stretches of auspicious periods.

“We will have a very good weekend,” said Rahul Gupta, director of P P Jewellers in New Delhi.

A dealer in a large bank said supplies were short with delays of several days for delivery that had spiked up premiums.

Following was the price of .995 gold in the spot market in rupees per 10 grams at 1:20 p.m. :

Bank Friday Thursday

http://in.news.yahoo.com/137/20080808/371/tbs-india-gold-sales-heavy-after-fall-be.html