Archive for the 'Economic Times' Category

US’s top-paid CEO gets 10 times more than India’s – ET

The US has entered 17th straight month of recession, but the pay package of its highest-paid CEO exceeds $100 million (over Rs 500 crore) — a figure more than 10 times that of his counterpart in the country of his birth, where economy is still growing at a decent rate. 
 
America’s top earning business head, mobile [...]

Auto comp firms to post single-digit growth first time in 10 years

Liquidity crunch, inventory piling up and re-scheduled export orders have taken the sheen off the auto component industry.

Provident Housing launches Rs 300 crore ‘CosmoCity’ project

Provident Housing, a 100% subsidiary of Purvankara Projects, claims to have received 90 bookings for its ‘CosmoCity’ project in Chennai.

No new film releases in April, tussle continues on revenue share

All forthcoming releases will come to a stall from April 4 onwards courtesy ongoing tussle between producers and the distributors on one side and the exhibitors (multiplexes) on other over revenue sharing for upcoming films.

Outbound tours see no blip despite slowdown

A 16 night-17 day tour to Europe at Rs 1,71,577 per person, or roughly Rs 7 lakh for a family of four would hardly be considered an apt product to launch these days, but the Great India Tour Company based here is betting on continued splurging by outbound Indian tourists, craving for up-market destinations.

Ranbaxy gets approval to market anti-fungal drugs in Australia

Drug major Ranbaxy Laboratories said it has received approval from Australian health regulator to market its anti-fungal tablets Serbifin Terbinafine in that country.

Women hold less than a quarter of sr positions: Grant Thornton

While world is poised to celebrate Women’s Day next Sunday, women still strive to find considerable senior management positions in privately held companies.

Mobile VAS to rake in Rs 18,000 cr by 2012, says BSNL official

Mobile value-added services hold a tremendous revenue-generating potential in India which could rake in around Rs 18,000 crore by 2012, an official from state-run BSNL said.

RCom slashes call rates to the US, Canada

Telecom operator Reliance Communications on Friday launched an international calling card for US and Canada – ICC 799 – which brings down call rates to these countries to Rs 1.99 per minute.

Auto industry needs liquidity for customers: Bajaj

Leading two-wheeler maker Bajaj Auto has said the auto industry needs liquidity for its customers as ICICI Bank and other private lender have almost stopped giving auto loans due to restrictions on recovery of vehicles from defaulters.

Learn new skills to beat meltdown; executives advice new grads

Students passing out of colleges and universities this year should not be haunted by the spectre of wage cuts and job losses, instead focus more on developing skills as a value addition to their degrees to get placements.

New UK visa restrictions on Indian professionals soon

Amidst rising unemployment, Britain is putting in place new immigration restrictions on professionals from India and other non-EU countries.

Honda to continue production cut in India

Japanese car major Honda will continue to cut its India output by over 45 per cent for the next six months in order to prevent inventory build up amidst the ongoing slowdown in the domestic market.

How the Oscar statuette came into being

In 1928, Mexican film director Emilio “El Indio” Fernandez was approached by the art director of Metro Goldwyn Mayer, Cedric Gibbons, with a most unusual request.

Got laid off? Here’s how you can move on

In India, the social stigma attached to job loss prevents people from saying they have been fired. How to stay afloat in your job | Pink slip blues | Job-hopping: Pros & cons