Economic Times News

8/8/2019 Economic Times News

1/11

Submitted by :

Bhawana ChawlaMBA- 2C


2/11

T he UK government defended its decision to introduce an interimlimit on skilled workers from India and other countries outside theEuropean Union, despite concerns raised.

T he government has placed a temporary limit of 24,100 until April2011, when a permanent annual limit will be announced. T he caphas already adversely affected companies who are unable to recruitthe skills required from India and elsewhere.

T he interim limit was introduced to stop a rush of last minuteapplications ahead of the annual limit being introduced in Aprilnext year and the Border Agency has been working very closelywith businesses to ensure that these arrangements have been

implemented effectively.


3/11

H andset maker Motorola's India-born Co-Chief Executive Sanjay Jha is listed among the 25 most"overpaid CEOs" of last year by the US proxyadvisory firm Glass Lewis.

Yahoo Inc CEO Carol Bartz tops the list of the

executives who were paid too much for runningunderperforming companies.


4/11

F inancial services major Bank of America will hiremore than 1,000 people in the US, to boost its

presence in the small businesses segment.

H e entity would expand its small business presence by hiring bankers in areas, including Los Angeles

and Dallas.


5/11


6/11

Customers can finally buy Tata Nano directly fromshowrooms in select states as Tata Motors movesto end booking system for the worlds cheapest car.

Tata Motors started open sales of the Rs.1-lakh carin Maharashtra, West Bengal, Uttar Pradesh andKarnataka on Tuesday, making it possible forpeople to purchase the car directly from dealers

instead of booking it.Customers in these states that have not booked aNano so far can now purchase the Nano directlyfrom showrooms, the company said in a statement.


7/11


8/11

Japan's Sony Corp will outsource someproduction of image sensors used in digitalcameras and mobile phones to Fujitsu Ltd tocut costs and cope with tough globalcompetition.T he deal with F ujitsu will complement Sony's ownefforts to ramp up output. Sony announced lastmonth that it would invest about 40 billion yen($479 million) to beef up production of imagesensors at its own facilities in Japan.


9/11

Many Indian companies have emerged asworld class, but government services andcorporations have, with some honourable

exceptions, remained ridden with waste,corruption and callous inefficiency.

The one clear private sector success has been

the construction of the world-class Terminal 3at Delhi Airport, which was ready by July, wellin time for the Games.


10/11

India won its 28th gold at the CommonwealthGames when wrestler Sushil Kumar won goldin 66kg freestyle event while archer RahulBanerjee won gold in individual recurve event.India's medal winners on SundayGold (3)Silver (1)Bronze (4)


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