Social networking site Facebook has driven the CEO of a global engineering and aerospace major in India to despair. Many youngsters who join the firm, he says, find it impossible to work in a sanitised environment that is, for security reasons, not connected to the Internet. One 20-year-old newcomer quit the firm because he was worried that his friend might post a suicide note on Facebook. “How will I be able to save him?” he told the CEO. As the result, the CEO has now installed an in-house social networking site — but it’s not Facebook!
The importance of the monsoons for India’s economy is well documented. Given the global economic slowdown, the annual seasonal rains this year have ...
Seeks to raise share of international biz to 60%, margins expected to improve on stronger rupee
Higher domestic demand, increasing exports and localisation should aid revenues, margins