NEWS

SUBMITTED BY:
VISHAP MAHAJAN
MBA 2C
 Navi Mumbai clearance in a month
FINAL clearance for the Navi Mumbai airport is likely to be
issued in a month. The proposed second airport for Mumbai
was back on track after project developer, City and Industrial
Development Corporation (Cidco), agreed to make design
changes to address environmental concerns.

The bulk of environmental concerns are being met. The

proposed airport will be moved a little to the south. This shift
would mean moving out the nonaeronautical components
and will not compromise the aeronautical elements.
Wrestler Sushil Kumar wins 28th CWG
gold for India
India won its 28th gold at the Commonwealth
Games when wrestler Sushil Kumar won gold
in 66kg freestyle event while archer Rahul
Banerjee won gold in individual recurve
event.
India's medal winners on Sunday 
Gold (3) 
Silver (1) 
Bronze (4) 
 
CWG is govt failure, private sector success

Many Indian companies have emerged as world

class, but government services and corporations
have, with some honourable exceptions, remained
ridden with waste, corruption and callous
inefficiency.

The one clear private sector success has been the

construction of the world-class Terminal 3 at
Delhi Airport, which was ready by July, well in
time for the Games.
Now, Nano Direct From Showroom
 Customers can finally buy Tata Nano directly from
showrooms in select states as Tata Motors moves
to end booking system for the worlds cheapest car.
 Tata Motors started open sales of the Rs.1-lakh car
in Maharashtra, West Bengal, Uttar Pradesh and
Karnataka on Tuesday, making it possible for
people to purchase the car directly from dealers
instead of booking it.
 Customers in these states that have not booked a
Nano so far can now purchase the Nano directly
from showrooms, the company said in a statement.
Nestle to set up F & B facility in
Himachal
Dairy products major Nestle India will set
a food and beverage unit in Himachal
Pradesh with an outlay of Rs. 250 crore.

Nestle has identify 30 acres of land near

talewal in una district for setting up its
facility.
Google to tap SME space
Having already doubled its small & medium
enterprise customer base in India within a year.

Google is now aggressively trying to reach out

to entire sector for online advertising.

Indiahas estimated 35 millions SMEs, out of

which 200000 have online presence through
domains, sub domains & blogs
UK defends immigration limit on Indian
professionals
 The UK government defended its decision to introduce an
interim limit on skilled workers from India and other
countries outside the European Union, despite concerns
raised.

 Thegovernment has placed a temporary limit of 24,100 until

April 2011, when a permanent annual limit will be
announced. The cap has already adversely affected companies
who are unable to recruit the skills required from India and
elsewhere.

 Theinterim limit was introduced to stop a rush of last minute

applications ahead of the annual limit being introduced in
April next year and the Border Agency has been working
very closely with businesses to ensure that these
Motorola's Sanjay Jha among most
"overpaid CEOs" of 2009
Handset maker Motorola's India-born Co-
Chief Executive Sanjay Jha is listed
among the 25 most "overpaid CEOs" of
last year by the US proxy advisory firm
Glass Lewis.

Yahoo Inc CEO Carol Bartz tops the list

of the executives who were paid too much
for running underperforming companies.
THANK YOU