The World Economic Forum (WEF) announced that Nivio has been awarded the Technology Pioneer Award for 2009.
Nivio joins an elite group of visionary companies selected for conceptions that will have a world-changing impact on society as well as businesses.
Previous Technology Pioneers Awardees, which have today turned into multi-billion dollar organizations include Google, Infosys, Mozilla Corporation and Nanosolar among others.
Metro Cash & Carry is planning to invest Rs 900 crore in retail market of Punjab. The German wholesale retailer would set up six distribution centers in the state initially and further expand its business to other major towns. The company is present in 29 countries of world having more than 600 centers.
The union government would renegotiate the price of the aircraft carrier Admiral Gorshkov, during the visit of the Russian President Dmitry Medvedev in New Delhi. Prime Minister, Dr. Manmohan Singh would discuss the Gorshkov issue with his Russian counterpart in a high level summit on December 6.
One of India’s largest IT company, Infosys Technologies said the domestic IT industry is likely to grow by 15 per cent this year against 30 per cent growth last year in the wake of global slowdown.
Giving this information, Infosys CEO S Gopalakrishnan said, “Last year the IT industry grew more than 30%, this year it is looking at somewhere in the region of 15%. So, it has slowed down.”
Tata Steel, India’s leading steel maker has introduced an early separation scheme for its employees in its Jamshedpur plant in Jharkhand to downsize its ‘less skilled’ workforce. Tata Steel spokesperson said, "ESS scheme is a voluntary scheme and has got nothing to do with the global economic recession. We cannot ascertain the number of people who will be opting for this option. In view of investment in better and modern technology to increase productivity level, more skilled and fewer people are required."
Tata Motors is in for yet another debacle. The Gujarat High Court has directed the state government to produce documents of acquisition of land in Sanand, alloted to Tatas for the Nano car project. The farmers in Sanand, the site of the Nano project in Gujarat, have filed a case against the Gujarat government and Tata motors, seeking greater compensation for their land.