Coal Ministry Cancels Allotment of Five Coal Acreages

Coal Ministry Cancels Allotment of Five Coal AcreagesAccording to reports, the coal ministry has put on hold the five coal acreages, along with the three given to state run generation utility, NTPC stating that the companies displayed lack of seriousness in developing them.

However, NTPC has reacted to the statement, as they said; “the decision was irrational and lacked transparency since the company has completed more work in its blocks than other private firms had done in their mines”.

Greece PM Reshuffles Cabinet To Enforce Austerity Measures

Greece PM Reshuffles Cabinet To Enforce Austerity MeasuresIt seems the long running appeal to find a solution for the debt-ridden Greece is not going to get any by-pass sooner. With the Europe Union (EU) trying to win consensus on extending financial leeway to Greece, financial market has been hit by this euro debt crisis badly.

Following a brewing dissatisfaction among the ruling Cabinet, Greek Prime Minister George Papandreou has been roped in Evangelos Venizelos as Finance Minister so that austerity measures can be exercised.

13-Day Strike Between MSI and Union Finally Ends

13-Day Strike Between MSI and Union Finally EndsAfter a long 13-day deadlock between the management of Maruti Suzuki India and union, the Company took the final decision to reinstate 11 ousted workers at its Manesar plant from tomorrow.

Though any clause of having second union mentioned in the agreement has been bluntly denied by the newly formed Maruti Suzuki Employees Union’s (MSEU) General Secretary Shiv Kumar, Maruti Suzuki India (MSI) has agreed to adopt a soft stance on enforcing no-work-no-pay rule of eight day’s salary cut for every single day of the stir.

Facebook Improves Social Life of Its Users: Study

Facebook Improves Social Life of Its Users: StudyAs per reports from New Scientists, the Facebook users had a better social life than the ones who did not used social networking sites in America. As per the reports from Pew Research Center, in Washington DC, Facebook users had more number of close friends and were slightly more involved in political discussion than others.

LG Ready to Launch New Series of Optimus in Europe

LG Ready to Launch New Series of Optimus in EuropeLG introduced its new Optimus series of smartphone in the world market, sweeping out the popularity of Optimus 2X. The latest model of Optimus constituted of a 3D screen which was being introduced for the very first time in any mobile.

Two Indian Firms Honored With ‘Green Oscar’

Two Indian Firms Honored With ‘Green Oscar’It’s an Oscar, but for developing sustainable source of energy. Honored for contributing clean methods for producing new avenues of energy, two Indian firms were being awarded with 'Green Oscar'.

On behalf of the Company, Abellon CleanEnergy, Gujarat, Pankaj Patel, Chief of the Company, was handed over this prestigious award in addition to cash prize of 20,000 pounds, for generating biomass pellets from crop waste to provide energy to Gujarat's industries and subsequently, offering farmers a fruitful opportunity by exploiting waste farm products.

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