NEWS DIGEST: Most read stories this week

NEWS DIGEST: Most read stories this week

Following are the links to the ten most read stories on the Business Standard website in the last seven days:- 

Govt approves higher pay for central PSU officers

The Union Cabinet today approved an average 67 per cent hike in wages of 1.6 million employee of public sector companies (PSU), with effect from January 1, 2007, said Heavy Industries Secretary R Bandyopadhyay. This hike is expected to their salaries at par with Central government officers...More

Slumdog Millionaire hits the jackpot

FILMS: A hit in the US and film festivals, the flick will come to India in January...More 

Maruti: A Star is born

It won't be a smooth ride for the A-Star since the Hyundai i10 has been a big success...More

Pvt pension funds to start by April

After a four-year wait, the Pension Fund Regulatory and Development Authority (PFRDA) is ready to kick off the process to set up private pension funds so that salaried and non-salaried people can start investing April onwards...More

Four Indian realtors lose $33 bn in 8 months: Forbes

Hit by the turmoil in equity and property markets, India's four richest realtors have lost nearly $33 billion (over Rs 1,50,000 crore) since March this year, with the richest of them, K P Singh of DLF, alone accounting for about two-thirds of it, Forbes magazine said...More

Steep rate cuts likely next week

RBI, govt discuss measures to infuse Rs 80,000 crore more into banking system...More

Govt mulls Rs 75,000 cr refinance window

The government and Reserve Bank of India (RBI) are working on opening a massive Rs 75,000 crore refinance window to provide concessional funds for infrastructure, housing and small and medium enterprises (SMEs) by partly leveraging the country’s foreign exchange reserves...More

DLF stalls projects, retrenches staff

DLF, the country's largest real estate company, today said that it has deferred several residential, hotel and commercial projects and retrenched an unspecified number of staff due to the lack of demand for housing...More

Infosys exhorts employees to go on 1-yr sabbatical, work for NGOs

India’s second-largest information technlogy services provider, Infosys Technologies, has issued letters to its employees stating they could opt for a one-year sabbatical to engage themselves in philanthropic activities. They would continue to draw 50 per cent of their salary during the period. Infosys crossed the 100,000-employee mark in India in the quarter ended September 30, 2008...More 

Govt may cut fuel prices by Dec-end

As the global crude prices have taken a substantial dip, the UPA government is set to slash the domestic fuel prices. But this price cut will take place only after the current Assembly polling is over on December 24...More