Tata Motors commercial vehicles plant at Pune shall be shut down for 3 days again this month, owing to poor demand in the market. Demand for commercial vehicles has been severely hit by lack of vehicle financing, rising interest rates and higher input costs.

According to Sujeet Patil, leader, Tata Motors Employees Union, it was likely that the commercial vehicles plant would go in for block closure for another three days towards the end of December.

To celebrate the success and to mark the ten years of commencement of construction of Delhi metro, a museum tracing its history will soon be set up on one of its station premises, showcasing the origin and memorable moments during the construction of one of the most ambitious Mass Rapid Transit System (MRTS) of modern India.

Delhi Metro Rail Corporation (DMRC) spokesperson Anuj Dayal said, "The metro museum will house photographs, newspaper archives, models of the trains, curios, books and audio-visual films explaining the history of Delhi Metro."

Assets under management (AUM) of mutual fund industry continued to decline for the third consecutive month. It has declined 7 per cent in November as compared to its level in October. Total assets currently stood at Rs 4,02,029 crore and it has seen second-highest monthly decline in a month.

All leading fund houses have seen asset decline, excluding UTI and Tata Asset Management. Mirae Asset Management has lost more than 69% of its AUM so far. CEO of Mirae Asset, Arindam Ghosh said that the company has seen very low investment in the equity funds.

ZTE, the worldwide provider of telecommunications equipment and network solutions, has strengthened its focus on the research and development (R&D) to introduce cheap products in the global market without compromising on the quality.

ZTE, which has 16 R&D centers in China, spends around 10 percent of its income on R&D activities.

Moreover, the company also has 7 R&D centers in other countries comprising India and Pakistan.

About 40% of its work force comprise of personnel from the R&D department.

The Reserve Bank India (RBI) would not directly lend US dollars to the financial institutions from the foreign exchange reserves of the country. Earlier, the Export-Import Bank of India (Exim Bank) had requested the Reserve Bank to issue direct dollar credit line to meet its lending requirements. Exim Bank is facing difficulty in getting funds from overseas institutions due to the international financial crisis. Exim Bank provides funds to exporters, importers and to the Indian companies planning investments overseas.

The third largest software exporter of India, Wipro Technologies has offered fresh campus recruit, to join technical support branch of its business process outsourcing (BPO) division. The move shows the condition of the IT firm in the wake of the global financial crisis. Low demand and tight monetary conditions has forced IT companies to employee cost cutting and controlling measures. They have now started to employ cost cutting measures on the HR front.