Govt announces bonus for non-gazetted employees

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Govt announces bonus for non-gazetted employees

In a festival gift to non-gazetted central government employees, the Centre on Wednesday announced a bonus of up to Rs 3,500 for 2009-10.All the central government employees in Group C and D and all gazetted employees in Group B who are not covered by any productivity linked bonus scheme will get bonus equivalent to 30 days emoluments.The payment will also be admissible to the Central Police and para-military personnel and personnel of armed forces.Industry experts say India's mid-level executives which were once attracted to the glamour of MNCs, are now preferring financially robust Indian firms.The premium associated with MNCs no longer exists. Besides, Indian companies are getting better every day. They now realize the importance of talented manpower and HR, so they are investing heavily in that

Desi firms score over MNCs in attracting talent

LG Chem Ltd will jointly develop a lithium-ion battery system with Mitsubishi Motors Corp, the Japan's Nikkei business .The two firms hope to use the system for some small electric cars that will be launched by fiscal 2012 and new plug-in hybrids introduced in 2013.LG Chem, South Korea's No1 chemicals company, has already teamed up with home market giant Hyundai Motor Co, General Motors and Ford Motor Co of the United States on auto batteries

LG Chem, Mitsubishi Motors to develop battery

EU antitrust regulators will scrap two investigations into Apple Inc's iPhone after the company allowed cross-border repair services and eased restrictions on applications for its popular Smartphone.The EU executive had launched two preliminary investigations in the spring into Apple's business practices related to the iPhone.EU to drop Apple probes after firm's policy changesApple's policy specified that repair services for the Smartphone only in the country of purchase and the requirement that applications developers could only use Apple's programming tools to write iPhone apps.The Commission can fine companies up to 10 percent of their global revenues for breaching EU antitrust rules. It has slapped billions of euros in penalties on Microsoft and Intel for violations

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