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GM-Opel's threatened loss of jobs strains EU principles
With thousands of jobs across Europe at stake and the spectre of an internal subsidy race that would threaten the hard-fought internal market of the European Union (EU), the General Motors–Opel saga saw another twist in the tale this week, with Brussels stepping in to play referee.

Dr Reddy's plans to launch Lipitor's generic version in US
Hyderabad-based drug maker Dr Reddy"s Laboratories plans to launch generic version of the world"s largest selling anti-cholesterol medicine "Lipitor" in the US market in the next 2-3 years.

News of the day

NHAI against staff inclusion in cadre
The strengthening of the National Highways Authority of India (NHAI) by creating its own cadre has been delayed further, as its board has rejected a proposal to absorb 50 per cent of the existing staff into its own cadre. The authority currently has only around 10 per cent of the present staff as permanent employees and the rest are on deputation.
Business Ideas

Citibank launches new credit card rewards platform

Citibank India today said it has launched a new rewards platform-CitiRewards, targeting customers who hold Citi-branded credit cards. - ICICI to block all cards in case of default on one - Agriculture credit offtake nosedives - Surety for you, security for the bank - PNB aims to issue 200,000 global credit cards by March 2010 - Credit card balances" growth declines to all-time low - Citibank posts 24% rise in total revenues">Citibank posts 24% rise in total revenues "This new platform transforms rewards from being an add-on product of card ownership to the center of customer experience," Citi India Business Manager (Cards), Sandeep Bhalla, said in a statement released here. The platform offers customers the choice of over four- million products for redemption of their reward points-from travel to electronic goods, Shoppers Stop gift vouchers and home-delivered flowers to fitness clothing and shoes. In addition, via Citi Rewards, customers of the Citibank Platinum Select and Citibank Titanium Cash Rewards credit cards can also redeem their points to pay-off their card outstanding dues or for air miles across multiple airlines in the country.


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