Monday, October 10, 2011

11-10-2011 -- Today's Top News !!


ü  Maran’s Homes Raided by CBI ; Cases Booked :
o   The CBI searched the homes of former t6elecom and textiles minister Dayanidhi Maran as well as the offices of an affiliate of the Sun TV media house controlled by his brother Kalanithi.
o   The CBI is probing a deal to sell telecom company Aircel in a Transaction it says illegally benefitted the brothers.
o   The Home of Suneeta Reddy, Who owns a minority stake in Aircel, was also Raided.

ü   Maruti to cut production at Gurgaon plant by 1,000 Units per Day due to the strike in Suzuki Powertrain.

ü  SAP Ventures has invested $10 mn in Delhi Based mobile internet services firm one97 communications, SAP is a lone investor in this third round of funding.

ü  Apple received more than one million pre-orders for the iphone $s in a single day, 67% more than for the previous version of the device.

ü  Behind the Oracle-Salesforce Cloud Brawl:
o   Oracle’s chief executive Larry Ellison went to greater pains than usual to beat up on the competition.
o   Speaking at a trade show, Ellison announced his company’s formal Entry into the business of selling software via a “Public cloud”

ü  Wipro Technologies has identified Education and health care as the next big business opportunities as it prepares to launch a host of low-cost products such as an Electro-Cardiogram necklace, tablet Computer and Cameras for use in Hospitals and in Mining And Retail.

ü  New York university’s Thomas J.Sargent and Princeton University’s Christopher A.Sims shared the 2011 Nobel Prize in Economic Sciences for their work in exploring cause and effect in economic Policy.

ü  HR SHIFTS TO CORE AS TRADE PARTNER:

o   New Value Proposition: The Performance of HR Managers is now linked to profitability at an increasing number of companies.
o   Where HR meets Business :
§  BECTON DICKINSON:
·         Sends the HR manager out in the market with the sales team as part of its efforts to set up a shared service centre for HR.
§  MPHASIS’S :
·         Chief of HR is working on a project on business operations to streamline the processes and improve profitability.
§  HINDUJA GLOBAL:
·         It has asked its HR managers across delivery centres to better acquaint themselves with operational and commercial issues.
§  ESSAR GROUP:
·         Has linked the KRAs of HR managers to value creation and Business Leadership goals.
§  GODREJ CONSUMER:
·         Products has formed a separate HR team Headed by a general manager to drive productivity of sales force and create a future- ready sales organization.
§  HR-Business link in line with the new Wave of thinking on composite leadership.
o    The trend is still many years to go before it becomes an Industry-wide phenomenon, seen taking shape mainly in MNCs.

Have a nice day !!

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