Bizzy Bay – The Business Quiz Blog

A blog for all those who love bizzying around…


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Google’s rival for Facebook…


Google has been trying to get into “the social network” circle from years. After the failure of Google Wave, and the not so popular Google buzz.. Google is up with its new project Google + which it aims to be a tough competition for Facebook.

Though this project is now at “Through invite only” stage.. i guess people have already started flooding their Facebook status messages asking other people for invites. I think Facebook should start filtering out these kind of updates.. 😛 because this may be the next big thing and as it is, people have started getting bored of facebook.(dont know about others, but I have)

With features like Circles, Hangouts, Sparks and Huddle.. this product of Google does have the potential to revolutionize the social networking concept.. or will we have another Google Wave???

So if you want to join this project ,go get yourself an invite now .. Get a Google + invite

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BHEL-NTPC JV becomes headless as CMD C P Singh quits


In less than three years of its incorporation, C P Singh, Chairman and Managing Director of NTPC-BHEL joint venture, has quit amid differences with the promoters, leaving the company headless.

The joint venture — NBPPL (NTPC BHEL Power Projects Private Limited) — was formed in April, 2008 to jointly execute EPC (engineering, procurement and construction) contracts and manufacture and supply power equipment in India and abroad.

Considering the large capacity addition plan in the country during the 11th and 12th Five Year Plans, a need was felt to expand the domestic power equipment manufacturing capability in India and this joint venture firm was formed to cater this demand.

Sources in both camps blamed each other with the promoters (BHEL and NTPC) accusing the firm of non-performing, while CMD Singh alleging lack of support from the two PSUs.

When contacted, Singh confirmed the development and said “Yes, I have tendered my resignation unwillingly”.

He, however, declined to elaborate.

Sources said that Ministry of Heavy Industries and PSUs was also not happy with the performance of NBPPL. This, however, could not be confirmed.

NBPPL, however, claimed that it achieved outstanding performance against the MoU target with the government and said this was a great success story for a JV company conceived under a new concept on public-private partnership by the government.

According to data available, NBPPL achieved a record turnover of Rs 115 crore during 2010-11 as against the target of Rs 90 crore, thus exceeding the target by 28%.


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Adi Godrej Is New ISB Chairman


Godrej group chief Adi Godrej has been elected as the chairman of the executive board of the Indian School of Business (ISB),following resignation of Rajat Gupta who is embroiled in an insider trading case in the US.

Godrej was unanimously elected as the chairman after a meeting of the executive board here today, ISB Dean Ajit Rangnekar told reporters.

Godrej said he is taking over as the chairman under “unusual circumstances”.

ISB’s executive board has more than 30 members, including Reliance Anil Dhirubhai Ambani Group Chairman Anil Ambani, Bajaj Auto Chairman Rahul Bajaj, Bharti Enterprises Chairman Sunil Mittal, Infosys Chief Mentor N R Narayana Murthy, ICICI Bank CEO Chanda Kochhar and ArcelorMittal CEO Lakshmi Mittal, according to its website.

About 13 members attended today’s meeting.

A premier business school, ISB has academic alliances with the Kellogg School of Management at Northwestern University and the Wharton School at the University of Pennsylvania, among others.

A well known Indian-American, Gupta founded the ISB. He has been slapped with charges of insider trading by the US market regulator Securities and Exchange Commission (SEC).


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Google +1


Google has just announced +1 buttons, which are supposed to be alternative of Facebook’s Like button. Google says, “it can improve the way your pages appear in Google search. Like social search, we use many signals to identify the most useful recommendations, including things like the people you are already connected to through Google (your chat buddies and contacts, for example). Soon we may also incorporate other signals, such as your connections on sites like Twitter, to ensure your recommendations are as relevant as possible.

 

 

Start Using +1

To try +1, you need to have a Google profile. If you don’t have it, you can create it here. If you already have a Google profile associated with your Google account, visit google.com, sign in to your Google account, visit this link and click “Join this experiment” button under the“+1 button” section. Now, the +1 buttons should appear on SERP for you. If you don’t see +1 buttons, just wait for few days as Google is rolling out it slowly.