India suffered 9% power shortage in 2007-12
During the last five years, ending in 2012, India has witnessed a 9 percent power shortage. An Economic Survey, on February 27, 2013 said, “During the 11th Five Year Plan (2007-12), nearly 55,000 MW of new generation capacity was created….
Orders for durable goods dropped in January 2013
For the first time in five months, the orders for durable goods in the US fell in the month of January 2013. The numbers fell as aircraft orders have plunged. The US Commerce Department said that the numbers fell by…
American Airlines to join hands with US airways
US Airways and American Airlines said on February 21, 2013, that they have planned to join hands to merge in a deal worth $11 billion. The merger will create the largest carrier in the US and will help bring an…
KFC to tighten supplier reviews due to drop in sales
Yum Brands Inc, which is the owner of the popular fast food chain KFC (Kentucky Fried Chicken), has now decided to ramp up its safety and tighten requirements for suppliers in China. The measures were taken so as to win…
Mark Zuckerberg wins CEO of the Year award at Crunchies
At the 6th annual Crunchies awards held at the Davis Symphony Hall in San Francisco, Mark Zuckerberg of Facebook has been awarded ‘The CEO of the year’, leaving behind him big names like Twitter’s Dick Costolo, Yahoo!’s Marissa Mayer and…
Diesel prices to be hiked by 40-50 paise every month
Until now, diesel vehicle owners in India were enjoying lower fuel rates, but now cheap fuel might become a thing of the past. The prices of diesel will be hiked by 40 to 50 paise-per-liter every month, till the losses on…