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Friday, August 7, 2009

Footballers pay to play for top oil company

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On Thursday, petrochemicals major Oil and Natural Gas Corporation (ONGC), announced their sponsorship of the $100,000 (about Rs 48 lakh) six-nation Nehru Cup football event at a glitzy New Delhi function. This is the same company whose football team manager repeated inflated the travel and daily allowance (TA/DA) ) of contracted players and collected the same in cash from them every month.

The manager, Subashish Mazumdar, told Hindustan Times that one of the reasons he did that was to supplement the incomes of the club's fringe players -- those who join when there is shortage in the team and are not given a regular salary by the company.

His comments are on tape.

To read the full article, click here..
To read the ePaper, visit: http://epaper.hindustantimes.com/

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Tuesday, June 23, 2009

Making Rs 1 crore in 10 months

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Earning a fat salary was not enough for 27-year-old Citibank assistant manager Ramneek Singh.

The MBA degree holder and software engineer by profession chose another way of making quick bucks. He got together with industrialist Kanwaljit Singh Saluja (48) and his son Jasmeet Singh (24) and duped bank customers.

Using confidential information of ‘high valued’ bank customers provided by Ramneek, the father-son duo ordered gold credit cards from the bank. They gave addresses of offices, which they hired for a month, across Punjab and took delivery of the cards on these addresses.

To read the full article, click here..
To read the ePaper, visit: http://epaper.hindustantimes.com

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Monday, November 3, 2008

Videocon fires CEO before he can join

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From Finance and airlines, the human cost of the financial meltdown is spreading to other sectors.

On October 6, Bharat Business Channel Ltd, the direct-to-home (DTH) television wing of Videocon, issued a letter offering a job to a Indian non-resident (NRI) working as the CEO of a company in a South-East Asian country .

He was invited to join Bharat Business Channel as its chief of technology division in Noida, on an annual salary of Rs 48 lakh.

The man, whose name has been withheld on request, was to join work on October 20 when Videocon withdrew the offer on October 18, hours before he was to board a flight to India on October 19.

“Due to internal rationalisation, we are currently holding all recruitments,” said the email sent by Videocon’s human resources department.

To read the full article, click here..
To read the ePaper, visit: http://epaper.hindustantimes.com

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