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SAIL, NMDC disinvestment proposal to go to Cabinet in Dec
The proposal to divest government"s stake in SAIL and NMDC is final and would be sent to the Union Cabinet next month for approval, Union Steel minister Vir Bhadra Singh said today.

F&O Outlook: Nifty may test new high before expiry
The Nifty closed above the crucial resistance level of 5,080 on strong buying in index stocks such as Reliance Industries, ICICI Bank, Tata steel and Cipla. Bharti Airtel, Reliance Communications, Jaiprakash Associates and State Bank of India closed in the red on shorts build-up on the F&O segment. The Nifty November and December futures closed at a premium to the spot on intraday short-covering and fresh long build-up.

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Subir Roy: An unbearable greyness
Subir Roy / New Delhi January 8, 2010, 0:42 IST
Public Relations

Microsoft's CFO Liddell to take over as GM's finance chief

General Motors today said Chris Liddell, Microsoft Corp"s outgoing finance chief, has been appointed as the vice-chairman and chief financial officer of the auto giant. - Microsoft launches WebsiteSpark program - Volkswagen, Suzuki: Joining forces">Volkswagen, Suzuki: Joining forces - Twitter said to be profitable after making $25 mn search deals - GM to close Saab, sale talks with Spyker fail - Kronos in talks with Gujarat firms for workforce management - GM India inks pact with SBI for auto finance Liddell would start with GM in the new year, the company said in a statement. Liddell, who has held the post of chief financial officer in Microsoft since May 2005, will be leaving the software giant on December 31 of this year. "Chris brings a depth and experience to this job that were unmatched in our search for a new financial leader. Chris will lead our financial and accounting operations on a global basis and will report directly to me," GM Chairman and CEO Ed Whitacre said. "We"re also looking to his experience and insights in corporate strategy as a member of the senior leadership team in helping our restructuring efforts," Whitacre added. While at Microsoft, Liddell was responsible for leading its worldwide finance organisation, which included overseeing acquisitions, corporate strategy, treasury activities, tax planning, accounting and reporting, internal audit, and investor relations. Liddell"s appointment at GM has come at a critical point as the auto major is aiming to repay the bailout funds it received from the government in 2010.


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