Weekly news updatesSubmitted by:Puneet kaur

Google,HP raising compensation to retain employees

• Some of the world's largest technology firms are lifting pay rates apart from taking other measures to retain employees.

IRDA fines TATA AIG

• Tata AIG Life Insurance has been penalised Rs 5 lakh by the insurance regulator for failing to adhere to guidelines relating to management expenses.

Tigers could be extinct in 12 years if unprotected

• Wild tigers could become extinct in 12 years if countries where they still roam fail to take quick action to protect their habitats and step up the fight against poaching, global wildlife experts told a ``tiger summit'' Sunday.

Patni computer to recruit by 2011 end

• IT and BPO service provider Patni Computer Systems plans to recruit 350 employees by the end of 2011, the company said.

Samsung to make INDIA production hub for consumer electronics

• Samsung which has announced Rs 350 crore fresh investments at its facility near here by 2016, is planning to make India its production hub for Middle East and other neighbouring markets in five years, a company official said.