Wednesday, February 18, 2009
Taliban plan to target India
Government may ban FDI in cigarettes
The commerce ministry is considering a proposal to ban foreign direct investment in the manufacture of cigarettes for sale in the country.
A proposal to prohibit FDI in the manufacture of cigarettes, where it is manufactured for domestic consumption, has, accordingly, been initiated by the Department of Industrial Policy and Promotion and is under consideration of the government.
Satyam recalls 1,500 onsite staff
Satyam Computer Services has called back more than 1,500 overseas employees, attached to projects that are shut down due to termination of contract by clients.The first batch of 170 employees who were attached to State Farm Insurance, an Illinois-based insurance company, that terminated its contract with Satyam, has already returned to Satyam headquarters in Hyderabad.