News HeadLines Friday, September 11, 2009
Top news
Returning to the moon before this century is out. A federal government committee assigned to independently review plans for manned spaceflights has released a summary of its first report.
No more gloomy days for job prospects in India as the firms are on a hiring spree. As per a survey, the hiring outlook for the next three months also looks promising, with as many as 66 percent Indian companies expecting to recruit.
Technology
Kerala's IT sector will generate as many as 200,000 jobs in the next five years, state Chief Secretary Neela Gangadharan said Thursday.
For the first time, software giant Microsoft is asking people to hold parties at home to showcase its latest operating system, Windows 7. This strategy has so far been commonly used by Amway and Tupperware sellers.
Business
The government Thursday said there is a shortfall of about Rs.500,000 crore for financing power projects in the country, a prime reason for slow pace of capacity addition.
Wipro, an Indian IT company is scouting for acquisitions of technology companies which have new business models and is evaluating a few candidates for large buyouts.
Finance
ICICIdirect.com, an online trading site in India has launched a new product on its site for currency derivatives.
Axis Bank's qualified institutional placement (QIP) cum global depository receipt (GDR) issue has opened for subscription today. The bank's QIP and GDR size is around $800 million to $1 billion while the issue is priced around Rs.903 per share.
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