Popular Articles

The West in the East
There was at least one whole century when Western art was collected in India. But do you know how much it’s worth?. generic levitra

payday loans online
Sunil Jain: Connecting Bharat
The budget is big on rural India and allocations for the Bharat Nirman project, for instance, have been hiked 45 per cent over those allocated in Budget 2008-09 — within this, allocations for projects like the Pradhan Mantri Gram Sadak Yojana have been hiked 59 per cent. While that’s all very well, it would be a good idea to see what’s happening on the government’s plans for connecting rural India, not by roads but by telephones. As compared to urban areas where around 90 per cent of people have phones, tele-density is just around 15 per cent for rural India.

News of the day

'Bankruptcy Code is not effective in times of severe stress'
Timothy Geithner / November 1, 2009, 0:58 IST
Small Business

BMW says 8,800 workers will face shorter hours in January

The German luxury car maker BMW will put 8,800 workers on shorter working hours in January as it anticipates a slump in the sales of some models, a spokesman said today. - Ruia Group acquires 60% stake in Henniges Automotive Grefrath - Volkswagen buys 49.9% Porche stake for $5.8 bn - Stir it up in style - Land of the Free - VW shareholders okay issue of 135 mn shares - VW backs Porsche contracts, paves way for merger The move affects in particular around 8,300 workers of the 19,000 at a plant in Dingolfing, southeastern Germany that makes the Series 5 model, of which a new version is to be launched in March. Sales of the current model are therefore expected to slow sharply. Many German companies have resorted to short work hours for staff, with around 1.1 million workers currently involved by the scheme. The government pays part of the difference to keep people in jobs and trained for when the economy picks up again. BMW sales have rebounded somewhat in the past few months, but the group has already placed workers on shorter hours. Rival Daimler has not ruled out similar measures at its Mercedes-Benz plants next year, while Porsche has already announced it would extend the scheme that currently affects some of its workers.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):