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Indian Railways' effort to hire disabled staff backfires NEW DELHI: An attempt by Indian Railways to recruit disabled staff backfired badly this week when candidates had to make their way up a building with no lifts or ramps, the Times of India reported on Friday.Indian Railways -- the country's biggest employer -- said it would hire 450 people with disabilities after the Supreme Court ordered it to be more inclusive.But when candidates arrived to sit for an employment test in New Delhi, they discovered they would first have to make it up to the second and third floors of a building without lifts or escalators.Many applicants failed to reach the venue in time, while some had to be carried up the stairs."Many candidates could not reach the exam centre," The Times of India newspaper quoted one as saying. "Many of them were weeping."Railway officials quoted in the newspaper blamed the fiasco on a private agency hired to conduct ...

GM to make fuel cell pickup truck for US military NEW YORK: General Motors said Thursday it will build a hydrogen fuel cell version of its Colorado pickup for the US Army, giving soldiers a quiet and fuel-efficient reconnaissance vehicle for tough combat environments.GM said the modified Colorado, a mid-sized pickup, would put its fuel cell technology to test under "the extremes of daily military use."It signed a multi-year contract at the end of September with the army's Tank Automotive Research, Development and Engineering Center ...
VW to cut capex as emissions scandal weakens unions BERLIN: Volkswagen is set to announce its first cut in capital spending since the 2009 financial crisis, a sign of how the German carmaker's emissions-cheating scandal is weakening the position of its labour unions. The supervisory board of Europe's largest car manufacturer will approve the cuts on Friday, sources familiar with the matter told Reuters, as the company prepares for the multi-billion euro bill to clean up its biggest ever business crisis. Analysts on average ...
Lufthansa invites unions to discuss retirement schemes, jobs BERLIN: Lufthansa has invited the main three trade unions representing its staff to a round table to discuss job and retirement schemes, it said on Thursday, as the carrier tries to improve relations with staff after damaging strikes.The airline has asked unions representing pilots, cabin crew and ground staff to a meeting on Dec. 2 to discuss retirement and pension schemes as well as job prospects at the carrier's main brand.Lufthansa is trying to cut ...
VW to start recalls in France from 'early 2016': letter PARIS: Volkswagen has informed clients in France that early next year it will begin recalling vehicles to remove the pollution-cheating software that has ensnared the carmaker in a global scandal.The company said in a letter to French clients it "has decided to undertake after-sales action on EA189 diesel engines in order to carry out a software correction" on the affected vehicles.It has previously estimated that around one million vehicles in France have been equipped with ...
Hyundai Motor says reviewing financial units' shareholder pacts SEOUL: Hyundai Motor Co said on Thursday the shareholders' agreement for its financial units Hyundai Capital and Hyundai Card was under review, but no details had been decided.A unit of GE Capital International Holdings Corp, part of General Electric (GE) Co, owns 43.3 percent of auto loan firm Hyundai Capital and 43 percent in credit card firm Hyundai Card.GE has been pulling out of its non-core businesses globally, and is looking for a buyer outside ...
Shell to decide on Ormen Lange subsea compression in 2016 STAVANGER: Shell plans to decide next year whether to resume installing subsea compressors at its giant Ormen Lange field offshore Norway, a company's senior executive said on Thursday, after stopping the project last year to save costs."We still expect in the course of 2016 that we will get to a point where we can see whether we can sanction a good development there or not," Mark Wildon, a vice-president at Shell Norway, told Reuters on ...


Index Closing Chg%
Arrow DJIA 17,812.19 0.11
Arrow Nasdaq 5,102.81 0.01
Arrow S&P 2,089.14 0.12
Arrow FTSE 6,277.23 0.45
Arrow DAX 10,933.99 1.43
Arrow CAC-40 4,820.28 1.41
Arrow Nikkei 19,879.81 0.23
Arrow H.Seng 22,587.63 0.35
Arrow Sensex 25,775.74 0.17

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln