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Thursday, November 20, 2008

Engineer dies 'eating pastry'

A pastry-eating competition in the canteen of a multinational IT company in Udyog Vihar cost a young engineer his life on Wednesday afternoon. Twenty-two-year-old Saurabh Sabharwal, who reportedly choked to death, was found unconscious in the washroom after having eaten many pastries. He was rushed to a private hospital where the doctors declared him dead.

R.K. Sabharwal, father of Saurabh who was a solution engineer with Nokia-Siemens Network, blamed the company for organising the competition. "Why did they have to organise such a competition?" he said. An official from Nokia-Siemens Network present at Max Hospital refused to speak to HT.

In his statement to the police, R.K. Sabharwal said he received a call at 2.35 p.m. that his son was not well and had been rushed to Max Hospital in Gurgaon. "When I reached the hospital, I was told he had died.

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Wednesday, November 19, 2008

Yang’s done heading Yahoo, will turn Chief Yahoo again

Jerry Yang, the chief executive of Yahoo Inc, will step down from his role as soon as the board finds a replacement for the Internet company, Yahoo said on Monday .

Yahoo co-founder Yang, who took on the CEO role in June 2007 in an effort to turn the company around, will return to his former role as Chief Yahoo once a successor has been found.

“From founding this company to guiding its growth into a trusted global brand that is indispensable to millions of people, I have always sought to do what is best for our franchise,” Yang said in a statement.

Yahoo has hired Heidrick & Struggles, the executive search firm, to look for both internal and external candidates.

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Tuesday, November 18, 2008

In daylight heist, four men rob bank and walk away with Rs 24 lakh

In A daring daylight robbery, four armed men robbed a bank of Rs 23.78 lakh in Samaipur Badli in Outer Delhi on Monday morning. The State Bank of Bikaner and Jaipur (SBBJ) in the Badli Industrial Area was cleaned out shortly after it opened at 9.30 am. A call reporting robbery was made to the police at 10.10 am.

Deputy Commissioner of Police (Outer Delhi) Atul Katiyar said the bank’s branch in Badli Industrial Area had opened as usual when four men entered. They did not wear masks. They robbed the bank and locked all the persons inside a room before leaving. “We have formed security teams and are now scouting around for suspects. Cases have been registered,” Katiyar said.

Just like the UCO Bank in Hauz Khas robbed on November 10, SBBJ did not have CCTV cameras and the guard was on leave.

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Monday, November 17, 2008

Common Admission Test throws up a mixed bag

As usual, this year's Common Admission Test (CAT) threw up its share of surprises.

Unlike the past two years, when the exam consisted of 75 questions for 300 marks, this year's paper was of 90 questions - an increase of 15 questions in the English section. However, experts believe this made the exam more balanced.

Surbhi Seghal, a final-year student of Philosophy (Hons) at Lady Shri Ram College, said the increase in questions in the verbal section did not make it tougher "Though the reading comprehension section had lengthy passages, the level of difficulty was lower. A lot of the vocabulary in the verbal ability section consisted of words of daily usage," she said.

Students found the logic and data interpretation sections difficult, especially those from non-mathematics backgrounds, as they focused more on "higher maths", like functions and series, and less on arithmetic. "The maths questions were quite difficult for me," said Preeti Talreja, a B.Ed student from Sonepat.

T.I.M.E. coaching institute director Ulhas Vairagkar, who has been analysing the exam for the past 20 years, took the test. "The logic and direct interpretation section was tricky, but quite similar to last year The quantitative ability section was tougher and the most difficult part.

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Friday, November 14, 2008

India loses $63 billion in six months

India's richest are not the only ones who have lost billions in net worth amid the global meltdown. The country's central bank has seen its foreign exchange reserves shrink more than $63 billion - enough to fund 600 Moon missions - in less than six months as exports slumped, trade deficit widened on a surge in the oil import bill and foreign investors pulled out of the stock market.

Lately the reserves are falling at an alarming pace, squeezing much of the room for manoeuvre that India had in the face of the ongoing financial turmoil. The fall was a staggering $31 billion in October; or almost half of the decline since May 23, when reserves touched a record $316 billion.

The fast depletion has serious implications, as it could bring more pressure on the rupee, which has already depreciated about 20 per cent this year and made everything from imported machinery to foreign travel and education more expensive.

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Thursday, November 13, 2008

Political and religious Television channels may shut down

Television channels run by religious and political entities may not stay on air for long, if the government accepts the recommendations of the Telecom Regulatory Authority of India (TRAI).

TRAI is the policy recommending body for the broadcast sector.

TRAI chairperson Nripendra Misra, in his letter to Information & Broadcasting Secretary Sushma Singh, said restricting religious and political organisations from running TV channels "will ensure the... medium is used for advancing public interest" and "for greater realisation of the common man's right to be informed fully and fairly".

TRAl has recommended that such channels be phased out in three-four years.

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Wednesday, November 12, 2008

Desi techies turn to trade unions to save jobs

'Das Kapital' would probably not be on their reading lists, yet in their hour of crisis, India's information technology professionals have turned to collective bargaining techniques that Marx would laud.

Stunned by the recent wave of lay-offs in the sector as a result of the global financial crisis, the country's hitherto dormant Union for information and Technology enabled Services has enlisted the help of the mighty Switzerland based Global Union Federation and Union Network International, which has 15 million members belonging to 900 unions from all over the world. The Indian union is now a chapter of the global union.

A group of top officials from the global union is scheduled to arrive in New Delhi on December 5 to meet Nasscom officials and Indian ministers to talk about how best the sector can safeguard employees' interests. After these discussions, once bearers of the Indian union will tour the country, talking to company managements about alternatives to firing employees.

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posted by PressMart Team at 10:45 AM 0 Comments