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India's Nano to challenge global auto industry->

Submitted by yaksha
yaksha writes "The launch of Tata Nano not only reinforces the country's strengths in IT and engineering, but also highlights the fact that global markets today are led by demand, and not supply, says a company official. Commercially launched in Mumbai on Monday, the ultra-cheap small car, runs on a 624cc-rear engine and is likely to be priced at around US$2,000. The Indian middle class, along with the global auto industry, have been awaiting the Nano since it was first announced in January 2008. "With the Nano, Tata has challenged the global auto industry...[and] created an absolutely new segment with this car,""
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Quickies

Satyam chairman resigns amid accounting scandal->

Submitted by yaksha
yaksha writes "The boss of Satyam, India's fourth-biggest software firm, has quit after revealing false accounts including some $1bn (£663m) in fictitious reserves. Chairman Ramalinga Raju apologised and said [PDF]"the gap in the balance sheet has arisen purely on account of inflated profits" during several years. Satyam, one of India's six largest IT outsourcing companies, counts such Fortune 500 companies as Sony among its customers."
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Google

Google out of 20 most trusted companies list->

Submitted by
yaksha
yaksha writes "Facebook, Apple, Yahoo, Verizon and FedEx for the first time have made an annual ranking of the top 20 most trusted companies in the United States. Google, however, dropped off the list, released by the Ponemon Institute and TRUSTe in San Francisco, as did Countrywide Financial, Bank of America (which acquired Countrywide) and Weight Watchers. "Consumers are getting more astute about" privacy, said Fran Maier, the CEO of TRUSTe, which evaluates online privacy practices. Ponemon said some companies, like IBM, might be trusted because they have big brands; others, like Apple, because consumers like their products. He speculated that people felt sorry for Yahoo because of its difficulties with Microsoft and Google, neither of which made the list. "Google (and Microsoft) suffer from big company syndrome," Ponemon said. "People figure that if you're big and collecting data, there must be an issue.""
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