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Popular Articles

Dubai crisis to hit 200,000 Indians
About 200,000 Indians will be affected due to the Dubai crisis wherein real estate and construction sectors have taken a major hit, according to Associated Chambers of Commerce and Industry of India (Assocham) past president Anil K Agarwal.

Sunil Jain: Throwing money at the problem
India has a huge infrastructure problem and the solution so far appears to be to throw more money at the problem, without much effort to fix the core issues. A McKinsey analysis suggests India could lose up to around 10 per cent of GDP in the year 2017-18 due to shortage of infrastructure. While this is not a startling result, what is worrying is that the quality of expenditure has gone down with more money being spent. So, in the power sector, actual expenditures have fallen from 75 per cent of those planned in the 9th Plan period to a mere 58 per cent in the 10th one — roughly speaking, the 9th Plan was the NDA period and the 10th Plan the UPA’s first term.

News of the day

United Spirits acquires Tern Distilleries
United Spirits today acquired the entire share capital of Tern Distilleries (Tern) based in Andhra Pradesh for Rs 13.42 crore. Consequent to this acquisition, Tern has become a wholly owned subsidiary of United Spirits.
Small Business

UAW said to pick King as next leader of smaller union

United Auto Workers (UAW) President Ron Gettelfinger plans to anoint Bob King, head of negotiations with Ford Motor Co, to be the shrinking union’s next president, on December 16, said two people familiar with the matter. - Ford"s union workers said to reject givebacks US rivals got Gettelfinger and his administration caucus are to nominate King among a slate of prospective leaders, said the people, who asked not to be identified discussing internal union politics. Those endorsed by the caucus, the union’s dominant political party, are expected to be elected by delegates at the UAW constitutional convention next June. King, a journeyman electrician who also has a law degree, is set to inherit a union that has fallen to 431,000 members from a peak of 1.5 million in 1979. King is ascending to the union’s top job despite last month’s rejection of concessions by Ford’s 41,000 hourly workers. It was the second round of givebacks he negotiated this year with Ford, the only major US automaker to avoid bankruptcy.


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