News

Rishad Premji is Wipro's new

strategy boss

The 33-year-old Rishad will chart future strategy,

identify new business areas and help draw up a

vision plan.

Rishad will move into the strategy function from

September 1, 2010.

Wipro’s public float is about 13% and speculation

has been rising in recent weeks that Mr Premji will

sell some stake to meet the new guidelines.

Nokia launches dual-SIM sets

Finland-based Nokia announced its foray into the

dual-SIM mobile phone segment with the launch of

two new handsets.

Micromax, Spice, Karbonn and Zen are giving

tough competition with feature-rich phones and

ultra-low prices.

The Nokia C1, which is priced at Rs 1,999, comes

with flashlight, FM radio and call divert feature.

Contd.

The Nokia C2 will allow users to access services

like Ovi Life Tools and Ovi Mail. It will also have a

music player and support micro- SD cards of up to

32 GB.

Toshiba recalls notebooks due

to overheating cases The US Consumer Product Safety Commission

and Health Canada has announced a voluntary

recall by Toshiba Corp of its notebook computers

due to possible burn hazard concern.

Subject to the recall are Satellite T135, Satellite

T135D and Satellite ProT130 notebook.

41,000 units globally have been recalled.

India loses $65 bn annually due to

poor logistics: Report

$65 billion is lost every year due to inefficient

supply-chain system in India.

The retail industry is expected to touch $879 billion

by 2018, but if the present challenges in its supply-

chain system.

Supply-chain costs in India are about 12-13 per

cent of the GDP as compared to 7-8 per cent in

developed countries.

India's telecom sector favourite

among foreign investors

India attracted $891 million foreign direct

investment in the telecommunications segment the

highest among all sectors.

It was followed by services sector($587 million),

metallurgical industries ($461 million) and power

($313 million).

The highest FDI came from Mauritius followed by

Singapore , Japan and the Netherlands in April-

May 2010-11.