Leading public sector bank, Punjab National Bank, formally launched the Global Credit Card, acceptable in over 29 million merchant establishments and one million ATMs in the world.
The gold credit card, launched by the Deputy Chairman of the Planning Commission Montek Singh Ahluwalia on Friday, will also have access to e-commerce sites besides hosting features such as photo card and SMS alerts.
It seems that Rani's absence from silver screen is affecting her popularity graph. Recently she has given no big hit. It is a renowned fact that ruling stars of bollywood are also sought after for various ad campaigns.
When they get old or come down in popularity charts, they are replaced by younger and in-demand actors. Something like this happened with Rani Mukherji as well.
Asim Ghosh, Vodafone Essar chief executive would leave his post on March 31 after serving the company for over 10 years. However, he would serve in the Vodafone Essar's board as a non-executive member.
Marten Pieters, director on the board of Luxembourg-based Millicom International Cellular, will be appointed as new CEO of Vodafone Essar. He served as CEO of Celtel International BV, the second largest telecom operator of Africa, from August 2003 to January 2007.
Leading blue chip firm, IBM has made an offer to its retrenched workers in US and Canada to serve in developing markets such as India, China, Nigeria and Brazil. The company is also reported to be in favor of shifting its North American employees to Eastern Europe, sensing some better environment in these regions as compared to slowdown hit North American region.
Vijay Mallya owned air carrier, Kingfisher Airlines announced 20 per cent cut in the salaries of its pilots, clearly to mitigate the impact of global slowdown on its business. The salaries have been cut in the range of Rs 50,000 and Rs 80,000 per month according to some unofficial reports.
However, Kingfisher spokesperson said that the company had introduced a production-linked compensation structure (PLCS) after November, 2008 and pilots would get equal scale as that of pilots of Air Deccan, adhering norms followed by all international airlines.
Low demand due to decline in construction activities, high freight charges and rising input costs caused Ambuja Cement to post decline of 25 per cent in the net profit for the financial year ended December 31, 2008.
The company's net profit declined to Rs 1,390 crore in the reporting period as compared to Rs 1,846 crore in the financial year 2007. The company posted 9.5% increase in net sales during the period which stood at Rs 6,261 crore as compared to Rs 5,718 crore in the same period last year.