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Friday October 10, 2008

GM Says It's Not Headed for Bankruptcy

The day after General Motors' stock price plummeted to levels not seen since the 1950s, the country's top automaker dismissed speculation that it was headed toward bankruptcy.

"Clearly, we face unprecedented challenges related to uncertainty in the financial markets globally and weakening economic fundamentals in many key markets, but bankruptcy protection is not an option," GM spokesman Mike Meyerand told ABCNews.com this morning.

"GM considering bankruptcy would not be in the interests of our employees, stockholders, suppliers or customers," he said.

Shares of GM plunged to $4.76 a share Thursday, down from nearly $7 the day before, after the ratings agency Standard & Poor's said it was reviewing the automaker's credit rating for a possible downgrade. The company's share price was more than $42.64 about a year ago.

Meyerand said GM was taking steps to raise capital both through the sale of facilities that housed GM plants that closed earlier this year as well as through the possible sale of its Hummer brand.

Angelina Jolie Breastfeeds Twin on

W Magazine Cover

W Magazine features her on its November cover, breastfeeding one of her twins. The photo was one of several taken by her husband, Brad Pitt, while they were holed up in France at the Chateau Miraval.

Jolie says in the accompanying interview that they plan to add at least one more child to their family, which now includes six children.

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September 17, 2008

Pink slip is the practice of including a discharge notice in an employee's pay envelope to notify the worker of his or her termination of employment or layoff. 

IT majors in India has also started the practice as Wipro laysoff 1000 employees, TCS laying off two times and now Satyam planning to layoff as much as 4500 employees.

What does that mean to an average job seeker?
More people in the job market
Tougher competition
Lesser jobs

With businesses failing to show progress, cost cutting is on the rise and the first to face the boot is the man power resource.

In February, information technology giants Tata Consultancy Services (TCS), IBM, and portal Yahoo flashed pink slips to hundreds of employees. Wipro Technologies has put about 4-5% of its workforce or about 2400-3000 employees, under the scanner for non-performance. tcs firing In February, TCS had given pink slips to 500 non-performers. There have been reports related to HP firing 24000 + employee over the next three years. 

ICICI shares were down 4.5 percent at 565 rupees in a weak Mumbai market, after falling as much as 10.4 percent earlier in the day. It is to take a $28 million hit on Lehman collapse. ICICI Bank has slumped 7.8% to Rs 545. Sterlite and Ranbaxy have plunged around 7% each to Rs 444 and Rs 378, respectively. ITC has shed 4.5% at Rs 185.

September 5, 2008

Toyota India Launches Corolla Altis, 10 pc Market Share Expected

Aiming to achieve a 10 per cent market share in the Indian passenger car market, Japanese auto major Toyota today launched an advanced version of its sedan, Corolla Altis, priced between Rs 10.83 lakh and Rs 12.86 lakh (ex-showroom)

A Wednesday Review

Nasudereen Shah and  Anupam Kher have teamed together once again to bring out another classic moviev "A Wednesday" today after a long time.

Teacher's Day

We celebrate birthday of renowned scholar and diplomat Dr. Sarvapalli Radhakrishnan as Teacher's day in our country. Dr Sarvepalli Radhakrishnan's dream was that "Teachers should be the best minds in the country". But how many bright minds of our country take teaching as a profession. How many after achieving so much in life take some time off to teach another individual. Read more:

Aug 27, 2008

Ziami is a manufacturer (ziami.com) and sales site that sells custom clothing. You can get shirts for $30, suits for $100, and ties and cuff links for $20.

Ziami invites fashion lovers to come out and see Boris Kodjoe clothing line in Houston, TX on September 5 and meet Kodjoe at the event.

The Ziami founders were never satisfied with the quality of shirts from large European manufacturers, and decided to create a shirt that would meet the highest demands for quality, regardless of price - the Ziami custom-tailored shirt. No matter how you look at it, the work in a Ziami shirt is perfect. www.ziami.com

Former NBA Big Man Wayman Tisdale Loses Part Of Leg To Cancer

The “Associated Press” reported Tuesday that Wayman Tisdale who had a 12 year career in the NBA as a center/power forward had part of his right leg amputated on Monday.

Shilpa to marry Raj Kundra in 18 months
Shilpa Shetty all set to marry Raj KundraShilpa Shetty who has become an international figure post her Big Brother success and racism criticism is all set to start a family with her NRI boyfriend Raj Kundra. Shilpa Shetty has revealed that she plans to unite her year-long swain Raj Kundra in added assemblage and a half. View Full Content at johnnybravo.Shilpa Shetty is engaged to Raj Kundra. Shilpa Shetty met him 1 year ago. (more)Shilpa plans to marry Raj Kundra in another 18 months.Bollywood celeb Shilpa Shetty revealed that she plans to marry her year-long boyfriend Raj Kundra in another year and a half. Shilpa told The LondonNews , "I normally don't talk about my personal life, but his name is Raj Kundra.After getting success in the UK- based reality show Big Brother Shilpa Shetty has become an international celebrity, who recently revealed the news that she is planning to get married with her year- long boyfriend Raj Kundra.Shilpa to marry Raj in one and half years: Shilpa Shetty who has become an international figure post her Big Brother success and racism criticism is all set to start a family with her NRI boyfriend Raj Kundra.

August 20, 2008

Apple iPhone release - August 22 - India

The GSM providers Bharti Airtel and Vodafone are the first telecom majors to launch it in the country. There is word that the handset will be priced at around Rs. 20,000.

Vodafone prices iPhone at Rs 31K

Last week, Bharti said that millions of Airtel subscribers will be able to purchase the iPhone at Airtel's Relationship Centres from August 22.

Indian bank strike seen unlikely to disrupt markets

Debt, currency and swap market trading are unlikely to beaffected much by the strike but cash rates may tighten asstate-run banks are the biggest lenders in the money markets,the head of trading at a foreign bank said.

Big TV goes live with DTH service

Mumbai-based Big TV, owned by Indian mobile company Reliance Communications, launched its direct-to-home service Tuesday.

July 28, 2008

Mumbai Rains

Heavy rains continued to lash the Mumbai city but transport systems were largely unaffected and no incidents of major water logging were reported.

Mumbai News

Police have raided a Navi Mumbai flat in connection with the e-mail sent to television channels threatening more blasts across the country. After serial blasts rocked Ahmedabad and Bangalore the police phone lines are flooded with hoax calls in Mumbai, police said on Sunday.

BPUT Results

2ND SEMESTER B.TECH/B.PHARM/B.ARCH/MCA Results

For more details, visit http://www.bput.org/results

Friendship Day

Celebrated annually, on the first Sunday of August International Friendship Day is a holiday in several countries to honor friends.

July 04, 2008

4th of July

In the United States, Independence Day, commonly known as the Fourth of July, is a federal holiday commemorating the adoption of the the Declaration of Independence on July 4, 1776, declaring independence from the Kingdom of Great Britain.


Fourth of july myspace graphics

As we celebrate Independence Day this 4th of July, let us show our love and patriotism to our country by embedding these 4th of July graphics for Myspace on our profile page. Glitter up your Myspace page with these 4th of July graphics.

Lee Grivas died

TV beauty Christina Applegate is heartbroken after her on-again, off-again boyfriend, 26-year-old Lee Grivas, was found dead of an apparent heroin overdose.

Anna Willard
Anna Willard has broken the US record in the 3000-metre steeplechase at the US Olympic track and field trials, which took place at the University of Oregon.The record last year was 9 minutes 28:75 seconds.

July 03, 2008

Poveglia is a tiny island located between Venice and Lido in the Venetian Lagoon, Italy. In 421 Poveglia was designated as a safe haven for people fleeing from the barbaric invaders. Since then it has had a varied and sometimes strange fate, as when the families of two hundred followers of Doge Pietro Tradonico (864) transferred there after he was slain in a conspiracy by the nobles, and they were at loggerheads with the new doge. They formed a close-knit and tenacious community that led the island to prosperity and almost independence; a community that survived both the deportations carried out by the Republic and the sharp decline of the island - abandoned at the time of the War of Chioggia between Venice and Genoa (1378).


Poveglia Island near Venice--is so scary that no tourists are allowed to step foot on it.


Cynthia Rodriguez left Alex Rodriguez for Lenny Kravitz

According to Perez Hilton Alex Rodriguez’s wife, Cynthia who stood by him last year amid rumours of his infidelity has left him For Lenny Kravitz. Now weather this is true we will have to wait and see. A source says Cynthia Rodriguez left their two young daughters in Miami to go on a romantic getaway with Lenny Kravitz in Paris. That’s where the two supposedly are right now.

Francisco Lorenzo, by way of one of the most debatable DQ's in years, was the new interim super-featherweight champion according to the WBC. The fight started off normally enough.