News HeadLines Monday, August 24, 2009
Top news
Accenture, a business consulting and outsourcing company is likely to lay off around 336 senior-level managers as part of a broad-based restructuring effort.
Honeywell has announced that its employees will have to take a mandatory 10 days off in December-January without pay.
Technology
Facing mounting attacks from the virtual world, the Indian defence establishment is now gearing up for cyber warfare.
China has sentenced a man to three and a half years in jail for software piracy in the country's biggest copyright infringement case, a media report said Friday
Business
The Gujarat government has approved 34 solar power projects at an investment of Rs.12,000 crore (Rs.120 billion/$2.4 billion) over the next few years, to rank it the top Indian state for this clean energy
The government should announce subsidies to the crisis-hit exporters in the forthcoming foreign trade policy to make India's exports sector more competitive, the Associated Chambers of Commerce and Industry (Assocham) has said.
Finance
India has a huge potential to involve retail investors in the stock markets but they are not coming out to invest because they have learnt a lesson from the Satyam Computer fraud.
A two-day rally by a key index of the Indian equities markets stemmed losses this week, but the index still ended 1.11 percent lower Friday than its previous weekly close.
