The latest news reports suggest that Eric Schmidt, Google Inc. chief executive officer won’t take a technology post in President-elect Barack Obama’s cabinet. In a TV interview conducted on Friday, Schmidt declined such a post.
During the campaign for the presidency, Obama said, “I would create a cabinet post similar to a chief technology officer to advice on tech issues.” Some watchers claimed to have seen Schmidt, a strong supporter of Obama, most likely with the motive to be tapped for that post.
The state unit of congress party in Gujarat demanded white paper on concessions offered to Tata's Nano project by the ruling Narendra Modi government. An anonymous note circulated in vernacular media alleged that TATA is offered big sops for establishing Nano project in the state for publicity of state chief minister Narendra Modi.
Indian telecom sector is expanding its base despite tight economic conditions and global slowdown. Country witnessed record increase in GSM subscriber in October. It has now become the fastest growing mobile market of the world, where telecom companies are offering services at quite low rates.
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In a bid to ease the liquidity pressure in the monetary system, the union government has directed public sector enterprises to keep their surplus funds with public sector banks (PSBs) without any competitive bid. Total surplus funds amounts to about 1,00,000 cror. This amount would meet fund requirement of the banks, as they have already used funds to cover government sponsored farm loan waiver and other debts.
Brad Pitt faced a weird incident when he was roughed up by a security guard. The guard grabbed him and spun him at the premiere of his latest movie "The Curious Case of Benjamin Button." Incidently, the guard had been hired to protect the actor. 
