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Shadow minister apologizes for remarks about migrant workers

Wellington - The man who could be New Zealand's next immigration minister apologized Wednesday for giving offence with remarks about Asian and Pacific island migrant workers in the country's orchards and vineyards.

Lockwood Smith, immigration spokesman for the opposition conservative National Party, which is favoured in next month's general election, said that Asian workers were more productive "because their hands are smaller" and Pacific islanders had to be taught how to use toilets and showers.

Smith, who was campaigning Tuesday in the vineyard and fruit- producing province of Marlborough, said his comments were reported out of context.

Nasdaq-listed UTStarcom gets order worth Rs 300 crore from BSNL

Max Hypermarket sketches expansion plan worth Rs 100 crore

Argentina pushes proposal to nationalize pension funds

Argentina pushes proposal to nationalize pension fundsBuenos Aires - Argentine President Cristina Fernandez de Kirchner on Tuesday signed a bill to unify the country's pension system into a public regime, following 14 years in which workers could opt for either a private or a public pension scheme.

The bill that will nationalize private pension funds needs to be approved by Congress. It would allow the government to collect the compulsory pension contributions of close to 3.6 million workers - worth some 4.6 billion dollars per year - who are currently in the private system.

JP Associates declares 96% rise in Net Profit; 1800 crore Rights Issue approved

HCC wins contract worth Rs 360 crore from Lanco Infratech

Hindustan Construction Company (HCC), one of the leading construction and civil engineering firm, has received a Letter of Intent from Lanco Infratech Ltd.

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