ONGC to use Bangladesh waterways to transport machinery

Agartala: Bangladesh has agreed in principle to allow India to use its waterways to transport heavy machines for Oil and Natural Gas Corp`s (ONGC) upcoming 740-MW power project in Tripura, officials said here Friday. The gas-based project, the biggest ever of ONGC, is coming up in south Tripura`s Palatana, about 60 km from here, and is expected to be operational by 2012. "Responding to New Delhi`s request, Dhaka has in principle agreed to allow India to transport heavy machineries for the...
Submitted by Aravind | Rated 0

India Inc seeks 100-day focus on divestment, rate cuts

New Delhi: India Inc has readied its 100-day wish list for the new government. It wants the policies to focus on agriculture, divestment, skill development, infrastructure and manufacturing to nurse the Indian economy back to high growth. These, said industry lobbies including the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Confederation of Indian Industry (CII), are some of the critical areas where the government`s "serious action" was required. "The major chal...
Submitted by Aravind | Rated 0

General Motors prepares for historic bankruptcy

Washington: The century-old U.S. industrial icon General Motors is expected to declare bankruptcy Monday in what would be the most humiliating blow yet for the reeling US auto industry. Last-minute talks between GM, its creditors and the US government were running into the weekend. While there was no public admission of defeat, all sides appeared resigned that insolvency was inevitable. GM would become the fourth-largest bankruptcy in U.S. history and the largest manufacturer to ever seek...
Submitted by Aravind | Rated 0

H1B restrictions would choke U.S. of talent: Premji

Washington: Wipro`s executive chairman, Azim Premji has warned that a proposal to restrict hiring holders of H1B visas for skilled workers will choke America of talent coming in and could generate a trade war with countries such as India. "In my opinion it`s a very drastic initiative," he said in an interview with BusinessWeek, referring to a bill in the U.S. Senate basically preventing firms from hiring H1Bs in the U.S. or bringing in holders of L1 visas for semi-skilled workers. "It w...
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Company`s reputation trashed in one click: What HR can do

A former employee writes a message online bashing the company and accusing management of condoning illegal behavior — do you have any right to protect the company’s reputation? Probably not, according to this recent court case: The owner of a company operating several restaurant franchises in New Jersey was profiled in a local newspaper. The article was posted on the paper’s Web site. In response to an interview question, the owner said that he treats employees “with dignity and re...
Published about 30-05-2009 | Rated 0

Time management: A new approach from ancient Greece!

Learn how to create a balance in your time and work by applying the theory of the Four Elements — earth, fire, air and water — to the way you manage your time. Here is a model of time management that, although highly original and innovative, is based on a theory that is several thousand years old. The theory is the theory of the Four Elements. According to the ancient Greeks, all matter in the universe was comprised of just four elements: earth, fire, air and water. These four elements ar...
Published about 30-05-2009 | Rated 0

Shiny apples

There once was a happy monkey wandering the jungle, eating delicious fruit when hungry, and resting when tired. One day he came upon a house, where he saw a bowl of the most beautiful apples. He took one in each hand and ran back into the forest. He sniffed the apples and smelled nothing. He tried to eat them, but hurt his teeth. They were made of wood, but they were beautiful, and when the other monkeys saw them, he held onto them even tighter. He admired his new possessions proudly as he wa...
Published about 30-05-2009 | Rated +2

Top 10 Principles of Employee Empowerment

Looking for real management advice about people? Your goal is to create a work environment in which people are empowered, productive, contributing, and happy. Don`t hobble them by limiting their tools or information. Trust them to do the right thing. Get out of their way and watch them catch fire. These are the ten most important principles for managing people in a way that reinforces employee empowerment, accomplishment, and contribution. These management actions enable both the people who ...
Submitted by Ajay | Rated 0

Tata laying foundation to house slum dwellers

Indian companies want to repeat the success of the low-cost Tata Nano, the world`s cheapest car, by designing homes affordable to the nation`s hundreds of millions of slum dwellers. Tata Housing Development, a unit of the Tata Group - maker of the Nano - has begun its first ultra low-cost development selling homes ranging from 283 sq ft to 465 sq ft priced at between Rs 390,000 ($8,200) and Rs 670,000. "We hope to show the world that a private-sector initiative aimed at the bottom of the p...
Submitted by Aravind | Rated 0

6 worst things to do in a recession

Are we mired in a long-term recession or will the "green shoots" of economic growth we`re seeing be the real thing? Without a crystal ball we can`t predict an official end date to the downturn but we can safely tell you the six worst things you could do in the meantime: Ignoring the situation. If you`re not paying attention to your personal financial situation it`s time to start. Has your credit limit been slashed or your APR spiked? Has your credit score dipped? How long could you live...
Submitted by Aravind | Rated +1