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The
troubled life and times of Rahul Mahajan
 New
Delhi: His life is the kind of spectacle that television
thrives on. One reason perhaps is that Rahul Mahajan
understands television very well.
Not so long ago, when he was still an unknown entity,
Rahul Mahajan was a television producer for Doordarshan
but the spotlight turned on him, in May 2006 when
he lost his father to an alleged fratricide and
even before that faded in public memory, came another
shocker.
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1984
Sikh carnage was wrong: Rahul
 Amritsar,
November 18 Congress general secretary Rahul Gandhi
condemned the anti-Sikh violence in the aftermath
of Indira Gandhi’s assassination, saying “whatever
happened was wrong”.
“The 1984 riots were wrong. I strongly condemn
the carnage,” Rahul said at a news conference
in response to a question on Operation Bluestar
and the riots. “There is no truth that there
is hatred among Sikhs against the Congress party.
 view
full story |
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Indian
Navy sinks pirate vessel off Somali coast
 Gulf
of Aden, Nov 19: Within days of preventing the hijack
of an Indian merchant vessel, Indian Navy’s
warship INS Tabar, after exchange of fire, sank
a pirate vessel off the Somali coast.
view
full story |
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FM calls for
price cuts, CEOs divided
 NEW
DELHI: Finance minister P Chidambaram on Tuesday
called on sectors like housing, automobiles, hotels
and airlines to cut prices to boost demand
and beat the slowdown. The auto sector ruled
this out as unrealistic in the current situation,
while airlines — looking for
a lifeline from the government —
seemed more receptive to the suggestion. Real estate
companies, however, remained noncommittal.
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Season of
pinkslips? Here are the firms hiring in India
 NEW
DELHI: Citigroup on Tuesday decided to cut 53,000
more jobs, triggering fears of more layoffs across
industries. A lowdown on some sectors and companies
which are on a hiring spree (TOI) TOI, however,
has decided to be contrarian. Instead of only writing
about pink slips, it hunted out companies that are
actually hiring. Here are the sectors that are hiring:
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FM calls for price cuts, CEOs divided
NEW DELHI: Finance
minister P Chidambaram on Tuesday called on
sectors like housing, automobiles, hotels
and airlines to cut prices to boost demand
and beat the slowdown.
The auto sector ruled
this out as unrealistic in the current situation,
while airlines — looking
for a lifeline from the government —
seemed more receptive to the suggestion. Real
estate companies, however, remained noncommittal.
"The classic response
to the demand slowdown is to cut prices,"
the finance minister told the India Economic
Summit here. He said builders should cut prices
on houses, cars and two-wheelers should cost
less and airlines and hotels should reduce
prices.
Nudging corporates to
be satisfied with a lower profit margin, Chidambaram
said the margin of profit after tax was at
30% and in the slowdown may have come down
by half, which is still not bad. He said this
was the time for consolidation while expressing
optimism that by the second quarter of 2009-10
(July-September next year) the economy would
be back on a high growth trajectory of around
9%.
The FM assured industry
that he has spoken to banks, which are ready
to offer easy consumer loans to boost demand,
but said the cost of goods should first come
down.
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