Briefly Business: Action plan after Nov 17 if salary not paid: KFA staff

Action plan after Nov 17 if salary not paid: KFA staff

Mumbai: Kingfisher Airline employees, who have not received their May salary despite an assurance from the airline management, are likely to chalk out an action plan next week, if they do not receive their dues by November 17. "We will wait till Saturday for the payment of May salary. If the airline does not pay by November 17, we will chalk out our further action plan," sources in airline staff said here.

BB users get free voice calls over WiFi

New delhi: Research In Motion launched BlackBerry Messenger 7 beta, a pre-release version of its popular messaging application on Wednesday. This version lets BlackBerry users make free voice calls over WiFi to any BBM user anywhere in the world. The new version shows users which of their contacts are on WiFi, available for a call. BBM 7 beta can be downloaded at

'India suffers over 11% power generation loss'

New delhi: India suffered a power generation loss of over 11 per cent, in 2011-12, on account of fuel shortage, transmission bottlenecks and equipment problems, a Central Electricity Authority review has said.

Rating agencies are like food critics: Bhagwati

New delhi: Global credit rating agencies act like restaurant critics commenting on the food quality without any liability, said economist Jagdish Bhagwati.

'Slowdown affects Asia, no place to hide'

KUALA LUMPUR: There is nowhere to hide in the global economy as a slowdown in Europe and other advanced countries spreads to Asia and uncertainty lingers over the US fiscal cliff, International Monetary Fund MD Christine Lagarde said on Wednesday. Lagarde said in a speech that brisk growth in the region could not be taken for granted next year.

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