2.  The 33-year-old Rishad will chart future strategy,
identify new business areas and help draw up a
vision plan.
 Rishad will move into the strategy function from
September 1, 2010.
 Wipro’s public float is about 13% and
speculation has been rising in recent weeks that
Mr Premji will sell some stake to meet the new
guidelines.

3.  Finland-based Nokia announced its foray into
the dual-SIM mobile phone segment with the
launch of two new handsets.
 Micromax, Spice, Karbonn and Zen are giving
tough competition with feature-rich phones and
ultra-low prices.
 The Nokia C1, which is priced at Rs 1,999, comes
with flashlight, FM radio and call divert feature.

4.  The Nokia C2 will allow users to access services
like Ovi Life Tools and Ovi Mail. It will also have
a music player and support micro- SD cards of
up to 32 GB.

5.  The US Consumer Product Safety Commission
and Health Canada has announced a voluntary
recall by Toshiba Corp of its notebook computers
due to possible burn hazard concern.
 Subject to the recall are Satellite T135, Satellite
T135D and Satellite ProT130 notebook.
 41,000 units globally have been recalled.

6.  $65 billion is lost every year due to inefficient
supply-chain system in India.
 The retail industry is expected to touch $879
billion by 2018, but if the present challenges in its
supply-chain system.
 Supply-chain costs in India are about 12-13 per
cent of the GDP as compared to 7-8 per cent in
developed countries.

7.  India attracted $891 million foreign direct
investment in the telecommunications segment
the highest among all sectors.
 It was followed by services sector($587 million),
metallurgical industries ($461 million) and
power ($313 million).
 The highest FDI came from Mauritius followed
by Singapore , Japan and the Netherlands in
April-May 2010-11.