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Archive for the Category ‘Business’

Fake Walmart store discovered in Ulhasnagar during anti-FDI protests

Fake Walmart store discovered in Ulhasnagar during anti-FDI protests

A totally fake Walmart store has been found at Ulhasnagar, a suburb of Mumbai. The fake store was discovered by BJP workers who had actually gone to tear it down thinking it to be the American version. The black flags turned white with shock when they discovered that the desi Walmart belonged to the USA – not the United States of America but the Ulhasnagar Sindhi Association.

Animals outraged as new Benetton ad shows dog kissing cat

Animals outraged as new Benetton ad shows dog kissing cat

In a strong indication that shows animals catching up with the human beings on the evolution front, a group of cats and dogs have lodged strong protest against an ad released by Benetton, which shows a dog and a cat kissing each other. The latest ad released by the clothing retail company is part of its latest UnHate campaign, which had earlier shown world leaders kissing each other.

Satyam’s Ramalinga Raju appointed as India’s new CAG

Satyam’s Ramalinga Raju appointed as India’s new CAG

A week after he was released on bail, Ramalinga Raju has been appointed the new CAG of India. Raju will review all the earlier reports of the outgoing CAG and release new figures in cases of losses reported in various scams. Kapil Sibal, who has often argued that CAG had erred in calculating the 2G loss, claimed that Raju would prove to be a better CAG.

Apple announces free IIPM degree with every purchase of laptop

Apple announces free IIPM degree with every purchase of laptop

In its first major marketing initiative after Steve Jobs’ death, Apple Inc. has announced that it will give away free IIPM degrees with its MacBook brand of laptops in India. These special laptops are priced at 5 lakhs rupees each and will come with a pre-installed IIPM degree that a buyer can print after he successfully turns the laptop on. Apple has named these laptops iDare.

Chinese guns rejected by Pakistan being sold off as Diwali toys in India

Chinese guns rejected by Pakistan being sold off as Diwali toys in India

Intelligence agencies have concluded that Chinese toy guns and bombs, which are being sold as Diwali firecrackers, are actually defective ammunitions that were rejected by the Pakistani army while buying war equipment from China with US aid money. Delhi police had earlier banned such toy guns, but now an inquiry has been ordered to find out how India ended up buying these substandard firearms disguised as firecrackers.

BlackBerry outage removes difference between managers and workers

BlackBerry outage removes difference between managers and workers

The disruption and outages in BlackBerry internet services early this week successfully removed the disparity between managers and common employees in many offices, sources say. According to industry experts, many bosses and managers were totally indistinguishable from other employees of their offices once their BlackBerry smartphones turned into normal mobile phones due to the outages. While this caused hardships to managers, workers were largely happy.

Infosys to shift focus on hiring IIT students of lower quality

Infosys to shift focus on hiring IIT students of lower quality

After its founder Narayana Murthy revealed that 80% of the IIT students lacked quality, Infosys has decided to hire only the lower quality students from IITs from this year onward. The software giant has said that it didn’t really need any higher quality IIT student for the kind of jobs one has to perform in an IT company, which could be carried out even by non-engineers.

Sensex loses 700 points as traders fear a massive gorilla outside

Sensex loses 700 points as traders fear a massive gorilla outside

Indian stock markets witness a record fall today as stocks tumbled on worries of a huge gorilla standing outside the BSE building, which no one in the streets actually saw. BSE traders maintained that a gigantic and sinister gorilla was waiting outside the building, ready to pounce upon anyone whom it saw coming out after trading – a constant fear that pushed them into panic selling of stocks.

Next petrol price hike to be pegged at 4.20 rupees per liter

Next petrol price hike to be pegged at 4.20 rupees per liter

Realizing that people spent more time on cracking Pi jokes than understanding the probably bad economics behind the latest hike in petrol prices by 3.14 rupees per liter, the government has decided to hitherto follow this pattern and raise prices in equally amusing numbers in future. If sources are to be believed, the government could soon announce a price hike of 4.20 rupees per liter for petrol.

Fears of US recession excite Indian company to announce salary cuts

Fears of US recession excite Indian company to announce salary cuts

Big Sahara Private Limited, an Indian company with absolutely no exposure to US or international markets, is planning to delay a pending appraisal and salary hike citing reasons of a possible US recession in coming days. Big Sahara had given its employees a salary hike of 11.5% back in 2007, after which a second hike has been pending and subject to constant speculation by its employees.

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