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| November 25, 2009 | | How Indians made Silicon Valley world's tech hub
'When the Bay Area's innovation infrastructure -- research institutions, technology companies, and capital and risk-taking culture -- comes in contact with India's talent and entrepreneurial energy, the combination has been explosive, unleashing powerful business and wealth creation,' the report says.
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| November 24, 2009 | | PM charms US biz, seeks investment, assures reform
As it becomes ever-apparent that partnerships like the United States and India will help provide a roadmap out of the current global recession, influence the economic destiny of the 21st century, and create jobs around the world, over 500 America's business leaders converged on the US Chamber of Commerce to greet Prime Minister Manmohan Singh for his first major address in Washington DC on November 23.
It is raining small cars in India!
Small cars account for 80 per cent of the domestic market and exports are growing at a fast pace.
India's 10 fastest growing tech companies
Despite competitive conditions all round for industry players across India, the 50 companies on our list have managed to achieve an average revenue growth rate of 372 percent over the last three years.
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| November 19, 2009 | | Why IMEI code is a must for your mobile
The telecom ministry has asked mobile operators to disconnect mobile phones without the IMEI number from December 1.
With tons of cash, China's buying the world
For China, recession was like an oppurtunity that comes after hundreds of years, and with its piggy bank overflowing money the country went on a wild shopping spree...
India's 10 richest people
The nation is now home to 52 billionaires, up from 27 last year and only two short of what India had at the peak of its stock market boom in 2007.
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| November 17, 2009 | | Land acquisition: How it fuels the Naxal movement
At the local level, resentment has risen over the rampant corruption in payment of money for tribal land, acquisition of arable land (half the land sought to be acquired for industry in Orissa, for instance, happens to be farmland) and lack of any support for resettlement of the displaced.
Recovery! Check out which sectors will thrive
The global economic recovery augurs well for domestic companies having a large exposure to overseas markets.
US may let China buy into small American banks
China and the United States are said to be on the verge of signing a landmark agreement to allow Chinese lenders to buy stakes into small and medium-sized American banks. The deal, said a South China Morning Post report quoting major Chinese bankers, is likely to be completed during US President Barack Obama's current visit to China.
Turning the underprivileged into entrepreneurs!
The idea behind Bharatiya Yuva Shakti Trust (BYST) is to support 'disadvantaged, young micro-entrepreneurs from the underprivileged background, with mentors, training, networking, marketing and loans'.
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| November 16, 2009 | | Atop the world's tallest man-made structure!
Developed by Emaar Properties, one of the world's leading real estate companies, the 818-metre tower is expected to be unveiled in January coinciding with the fourth anniversary of Vice President and Prime Minister Sheikh Mohammed bin Rashid taking over as the ruler of Dubai.
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| November 13, 2009 | | India's BPO market to grow to $6.82 bn by 2013
Tier-II and Tier-III cities to emerge as new BPO hubs to offer services in Indian languages for telecom, aviation sectors.
'Don't assume the 21st century belongs to India'
Aseem Prakash, author of the book Midnight Economy: The New Business Order Emerging from the Shadows, argued in a recent BusinessWeek article that economic power is shifting towards the East and that many in business do not need the American dream anymore.
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| November 12, 2009 | | Looking for a job? They are hiring!
Companies are back with their hiring plans as the economy shows signs of recovery with a boost in domestic demand.
Delhi Metro enters Noida, thousands to benefit
Delhi Metro on Thursday achieved another milestone when a brand-new train chugged into the satellite city of Noida for the first time paving the way for thousands of commuters in east Delhi and adjoining areas to enjoy the new age transport system.
3 Indian businessmen in Forbes' world power list
Only three Indian businessmen feature in Forbes magazine's first-ever World's Most Powerful People list: Reliance Industries chairman Mukesh Ambani, ArcelorMittal chairman Lakshmi N Mittal, and Tata Group chairman Ratan Tata.
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| November 11, 2009 | | 'Nano fiasco had no impact on people of Bengal'
Sarkar, a professor of Indian Statistical Institute, Kolkata, analyses Left Front rout in the Lok Sabha elections in May as also in the more recent by-elections against the state's economic perspective.
Bajaj-Nissan low-cost car by 2012
After months of delays following differences Bajaj Auto, Renault and Nissan on Tuesday signed an agreement formalizing roll-out plans for 2012 - a year behind schedule.
He became an entrepreneur with just Rs 5,000
Reach Tax will operate from Delhi, Mumbai, Hyderabad, Chandigarh and Calcutta by November 2010.
How Mumbai can be a world-class city
For Mumbai to become the city of the future, all this and more needs to be done, lest the megapolis continues to teeter on the brink of collapse under the pressure of its rising population, inadequate infrastructure, lack of coordination amongst its governing bodies, worsening climate conditions, ineffective security systems, etc.
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| November 10, 2009 | | How Bharti Walmart runs its business
The Bharti Group, promoted by the Mittal family, had searched high and low for a foreign partner when it wanted to start its cash
PepsiCo India: Youngistaan in cyberspace
Its 'MyCan, MyWay' campaign was kick-started by a commercial featuring Indian cricketers and a group of boys, reminiscent of today's teens with attitude, in Kerala. Since then it has spread out through non-mass media such as the Internet and radio, asking the youth 'What's Your Way'.
Global brands in India Inc's kitty
Making strong inroads in the global acquisition arena, Indian companies have won many big ticket deals and acquisitions.
Shoplifting? India No 1 in retail theft
The country topped the retail 'shrinkage' rate -- a term that bunches shoplifting, employee theft and process failures -- in 41 countries surveyed across the world, for the second year in a row.
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| November 03, 2009 | | Avenues 2009: Of people, planet and profit
Avenues 2009, the annual two-day business festival of the Shailesh J Mehta, School of Management, IIT Bombay, based on the theme 'People, planet and profit' reflected the creative and intellectual spirit of the management students.
Why India bought IMF gold
Many analysts were surprised at the speed with which India bought the IMF gold. However, they believe that it is a very smart move as by buying IMF gold, New Delhi is shoring up its bullion reserves and slowly trying to hedge its bets on the US dollar which has been losing value against other currencies.
'Our average student outperforms the American'
Karuna Jain, head of the Shailesh J Mehta School of Management at IIT-Bombay, believes India is competitive in terms of imparting quality education.
The world's most attractive employers
Students from the US, Japan, China, Germany, France, the UK, Italy, Russia, Spain, Canada and India's top academic institutions took part in the survey.
Buying a mobile phone? Things to consider
Picking the right phone can certainly be a daunting task. So here are some elementary things to consider before you buy a mobile phone. Read on. . .
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| October 30, 2009 | | India is more prosperous than China, says survey
India ranks 45th in the Legatum Prosperity Index, well ahead of China which is at the 75th position.
A professor's multi-million-dollar bread biz
Fifty-four-year-old M Mahadevan is today known not only in India, but overseas too, as 'Hot Breads Mahadevan'. His journey from being a professor at the Madras University to an entrepreneur in charge of a multi-billion-dollar business spanning various countries can only be described as amazingly inspiring.
Hot wheels: A glimpse of the future
Environmental friendliness appears to be the common theme for the Tokyo Motor Show.
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| October 28, 2009 | | India's kerosene stoves a climate hazard: Al Gore
Nobel Laureate Al Gore has warned that black carbon emissions from the kerosene powered lamps and stoves of the subcontinent will adversely impact the great rivers that are the lifeblood of India's agrarian economy.
Worst may be over for major Indian IT firms
All the top three major Indian IT firms -- Tata Consultancy Services, Infosys Technologies and Wipro -- either met or beat market and analyst expectations in the quarter ended September 30, 2009, registering their best performance in six quarters.
New tax code hits NRIs below the belt
The new Direct Tax Code is expected to result in a higher tax-to-GDP ratio, reduce compliance costs, lower the administrative burden, discourage corruption and most importantly, improve equity both horizontal and vertical.
All about the latest telecom spectrum scam
The latest row -- termed as independent India's largest financial scam -- is centered on the allocation of scare 2G spectrum at throwaway prices.
Corporate big guns who fund new ventures
Murthy joins the league of top corporate honchos who have launched private equity funds to assist budding entrepreneurs and upcoming ventures across various sectors in India.
How Wills Lifestyle strikes a chord with customers
To begin with, Wills Lifestyle had a range of formals for men and a line of western wear for the working woman. Over the years, the company has added new lines of evening wear, sportswear, designer wear, fragrances and accessories.
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| October 27, 2009 | | Story of a top Indian entrepreneur
Sunil Maheswari, the chief executive officer and co-founder of Mango Technologies Pvt Ltd, has many accomplishments to his credit. MINT-Wall Street Journal described Mango Technologies as one of the 'Top Ten Startup Companies of 2008'.
Tata Motors finds a saviour in Manza
he Manza is being offered with four variants in two engine options petrol and diesel. Both these engines are the same as those inside partner Fiat's Linea sedan. With the engines manufactured at the joint venture plant at Ranjangaon, the company hopes to reap the benefits of scaled-up production and pass these on to its customers.
Home, car loan rates may not rise
The Reserve Bank on Tuesday increased a key statutory deposit ratio for banks to 25 per cent but the move is not expected to push interest rates up. RBI left other key policy rates and ratios unchanged. Due to this, it is unlikely that banks will banks hike their auto, home and education loan rates in the near term.
Wipro Q2 net up 19% at Rs 1,161.7 cr
The IT exporter had a net profit of Rs 978.2 crore (Rs 9.78 billion) in the September quarter of last fiscal, Wipro said in a filing to the Bombay Stock Exchange. Total income of the company rose to Rs 7,057.4 crore (Rs 70.57 billion) during the July-September quarter of the current fiscal, from Rs 6,664.8 crore (Rs 66.64 billion) in the year-ago period, as per the Indian accounting norms.
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| October 26, 2009 | | 51 things they won't tell you. . .
. . . and what you should be watching out for in your everyday financial transactions with agents, brokers, banks, employers and even your kirana store.
Celebrity endorsement market back on track
Celebrity management firms like Globosports and World Sports Group say the celebrity endorsement market is estimated to clock a healthy growth in 2009. Senior executives at these firms say while there is no organised agency to track the deal size of the endorsements, the market size is expected to grow 15 to 17 per cent in 2009.
Which TV to buy? Here's help
Can't figure out which flat-panel television to buy? Here is the dope you need before you go TV shopping.
Provogue wears a new attitude
Apart from a new brand ambassador, the apparel maker has gone in for aggressive store expansionProvogue has done it again. It has switched its brand ambassador, this time from Saif Ali Khan to Hrithik Roshan, for its new campaign.
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| October 22, 2009 | | How she makes wealth from waste
Poonam Kasturiwants ordinary Indians to feel empowered, make a difference to the waste surrounding them, convert waste into useful compost in a simple and cost effective manner.
Special: Powerful daughters of India Inc
There is an increasing involvement of daughters in a leadership role in family businesses when their fathers are reaching the end of their careers as active entrepreneurs.
6 Indian cities among global BPO hotspots
India's Silicon Valley, Bangalore, has managed to retain its leadership for the fourth time.
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| October 20, 2009 | | 'If you don't innovate, you are dead'
In five years, Suyash Trivedi hopes to make AdScoot a diverse marketing company, offering an array of clutter breaking, innovative and economical marketing solutions.
Hyundai plans big with small cars
The balloons, streamers, stars and flowers are all over. Workers ready cars for delivery -- there are number plates to screw in, wheels to polish and accessories to fit.
The rise and fall of Rajaratnam
Raj and his accomplices are alleged to have made millions by using inside information from people at companies like Intel, Moody's and McKinsey.
Parle plans to bite into Britannia's Bourbon mart
For five decades now, Bourbon and Britannia have gone hand in hand. The Wadia family-controlled company lords over 70 per cent of the popular biscuit category. The rest of the market is with about half a dozen other brands.
'Entrepreneurs can alter direction of economies'
TiE-ISB Connect 2009 plans to bring together both the first-time and seasoned entrepreneurs with the investment community so that they can explore the opportunities and challenges in the current economic times.
How to fine tune your car insurance
To make the driving experience less worrisome, it's important to make the car's cover more comprehensive.
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| October 16, 2009 | | 'IT firms must fight against economic disparities'
The IT industry has to fight vigorously against economic disparities in India, says Pitroda, asserting on reducing disparity of income, galvanizing the younger Indians and creating an overall development.
The story of Maruti
There are some brands that reflect the story of a nation, its rises and falls, its successes and failures. Maruti is one such brand.
IIT meet: A star-studded affair
The 7th global conference with the theme, entreprenurship and innovation in a global economy, took place from October 9 to October 11. The graduates from the Indian Institute of Technology are spread across the globe but nowhere have they made as much name and and impact as in the US.
The world's 10 sustainable value creators
Reliance Industries has been named as the world's fifth biggest 'sustainable value creator' globally in terms of investor returns over a decade.
Tech biggies felicitated at PanIIT Conference
IITian award winners at the conference held in Schaumburg, near Chicago.
Celebrate this Diwali with eco-friendly diyas
The diyas or earthen lamps, a must in Diwali festivities, can be bought for as low as a few rupees to as high as nearly Rs 10,000 a piece. Besides various high-street markets in the city, a number of online shopping websites including eBay and Amazon have also stacked up Diwali diyas for sale.
An entrepreneur who eyes India's best sportsmen
Twenty-five-year-old Prashant started Indiakhelo.com in March 2008, researching on how to radically change sports scenario in India.
Here an apartment costs $57 million!
At $9,200 per square feet, it turns out to be Asia's most expensive apartment.
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| October 15, 2009 | | American CTO Aneesh Chopra on what IITians can do
While the IITians are looking back at their motherland to give back, Aneesh Chopra feels they should also look around them in America and figures out best ways to harness the energy and creativity especially in areas that look like wasteland.
Meet the men who advise India's PM
The men who advice the man who runs the country are experts and their experience says it all.
Price rise: An end does not seem near
India's festival season is bound to leave behind a bitter taste for the common people with prices of several commodities skyrocketing.
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| October 14, 2009 | | Prahalad, Tata among most influential thinkers
C K Prahalad, has been voted as the most influential living management thinker for the second time in a row.
'This kind of democracy is fascism'
'This is not China. There is freedom of movement in Kashmir, even in Sikkim. I can go anywhere. But in the SEZs created in my own hinterland I can only enter if I have a pass issued by a civil servant who is appointed as the caretaker of that SEZ,' says Magsaysay Award winner Aruna Roy.
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| October 13, 2009 | | Exclusive! Meet the mysterious Farid Arifuddin
The Zain deal raises much speculation about Arifuddin's money and clout. Who is backing him? What is his relationship with politicians? Is he merely a front man for big players in telecom?
Good news! The US recession is over
In the longest recession since the 1930s, the US economy crumbled on the back of the housing market's collapse leading to a global meltdown.
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| October 08, 2009 | | The world's 10 most admired nations
The United States has been ranked as the world's most admired country.
Beware! 10 future bubbles in the making
While most feel the world is a safer place now that the financial crisis has been tackled, Sunil Kewalramani lists ten future bubbles in the making.
How he plans to be a millionaire in 2 years
Meet the two brothers, Mohit and Rahul Yadav from Jaipur, who have started a unique business online.
Climate change? India must play it hard
"From the Indian point of view, if I were a politician, I'd continue to play it hard," explains Mike Hulme, professor at the University of East Anglia's prestigious climate change programme. "From a rational perspective, India has to do what's best for its people."
Images: The ultimate business jet is here!
Priced at $22.2 million, Hawker 4000 has redefined standards for business aviation.
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| October 05, 2009 | | Check out the world's first 3D camera!
The 3D system consists of FinePix REAL 3D W1, the 3D camera, an 8 inch viewer on which 3D images can be displayed, and 3D print, Fujifilm's technology that enables users print 3D images.
India's highest paid CEOs
Recession or not, the number of CEOs earning more than a crore is rising with hundreds of new names in India's millionaire club.
Revival? India Inc created 40% fewer jobs
New job creation dropped by over 40 per cent in 2008-09, with 469 companies studied having recruited 1,35,987 employees during the year under review, compared to 2,28,968 in the 2007-08.
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| September 29, 2009 | | The world's most powerful businesswomen
Indra Nooyi, chairman and CEO, PepsiCo has topped the Financial Times list of top 50 women in world business.
How Asian Paints outperformed rivals
Asian Paints has for long sold very small cans of paint which are used to colour the horns of bulls during the Pola festival in Maharashtra and the auspicious small red and yellow stripes at the bottom of the front door of Tamil Nadu homes. This might not always be remunerative, but it has given a tremendous boost to the company's brand recall.
Why the US is to blame for India's farmer suicides
While Washington remains paralysed by interest group politics, billions in India stand to bear the brunt of global climate change, which is certain to result in food shortages, lack of potable water for a majority of the population, flooding of the Ganga and other rivers due to melting glaciers, and an unsustainable exodus of millions from the countryside to the urban centers.
Murthy on why corporates must be philanthropic
N R Narayana Murthy, co-founder and chief mentor of IT major Infosys Technology, said corporate bodies in developing countries like India have a responsibility to involve themselves in philanthropic acts to help underprivileged people.
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| September 25, 2009 | | The 10 greenest companies in the US
Six companies led by India-origin people including banking behemoth Citigroup and soft drinks major Pepsico have been named among the greenest American companies by Newsweek magazine.
India among most corrupt nations
Corruption has become as way of life across the world, costing global economies billions of dollars every year.
Images: Obama greets PM warmly
US President Barack Obama is looking forward to the state visit of Prime Minister Manmohan Singh to Washington in November.
Delhi Metro gets faster, swankier
Delhi Metro on Friday rolled out its new fleet of broad gauge trains, which are more faster and swankier than the present ones, as DMRC chief E Sreedharan promised more trains to meet the ever-increasing passenger rush on the new age transport system.
India, world's 2nd largest maker of small cars
By all accounts, the car industry in India is about to acquire serious scale, as new car plants start dotting the maps of Maharashtra, Tamil Nadu, Haryana, Gujarat and Uttaranchal.
Staff training: IT firms spending millions
Indian IT majors may have tightened their belts in various areas to contain costs as a fallout of the global economic slowdown. But most of them see continuing value when it comes to employee training, even though it skims crores (tens of millions) of rupees off their top-lines.
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| September 18, 2009 | | Not hanging up shoes in a hurry: Azim Premji
Wipro founder and chairman Azim Premji said on Friday that he was 'not hanging up his shoes in a hurry'. He was speaking to the doyens of Indian IT industry and entrepreneurs in New Delhi after receiving the Dataquest Lifetime Achievement Award 2009.
Have you seen the new Reva electric cars?
Reva Electric Car Co unveiled two models, one of them designed by India's celebrated auto designer Dilip Chhabria, at the 63rd Frankfurt International Motor Show on Thursday.
Soaring prices could affect festivities
With the prices of daily essentials rising, spending on sweets, clothes, crackers, lights and other celebrating items are taking a back seat.
Accident claim for your car? Read this!
The first thing that you should do in case your car is damaged in an accident is report it to your insurance company within the time frame as mentioned in your car insurance agreement.
Case of the FinMin's missing table, and more
If budget policy started changing around the mid-1980s, it is for a reason. The original oak wood table used by successive finance ministers, right from the time of the interim government before Independence, went missing around then.
From Ferrari to Rolls, they are all there!
Crisis in the automotive industry is not over yet, but there are increasing signs that the bottom has been reached.
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| September 17, 2009 | | Coming soon to India! Plastic currency notes
The RBI is toying with the idea of replacing paper currency with polymer notes. As a pilot project, the central bank is said to have decided to introduce 100 crore (1 billion) pieces of Rs 10 polymer notes, for which the bank has floated a global tender. The bank has asked interested parties for 500 pieces of sample banknotes, before the actual global bids for the project go through.
Car loan default: What, when and how?
When does a default actually happen? Does making a deferred or skipping the payment for a month or so constitute a default? Will your car be repossessed then?
Victim of bank fraud? Prove it!
A two-pronged strategy -- filing a police complaint and approaching a consumer court -- works best.
Lessons to learn from the Jet pilots' strike
Highly-paid pilots should not be allowed to unionise.
Bengal offers 45 acres each to Infy, Wipro
Shortly after scrapping the proposed IT township project -- Vedic Village -- at Rajarhat near Kolkata, West Bengal Chief Minister Buddhadeb Bhattacharjee said late on Wednesday that the two IT majors must be retained in the state, reports the Indian Express.
How to secure your firewall
Learn how your critical assets and access to these assets can be secured by ensuring that your firewalls have the right security policy in them.
Your small donation can buy them dignity
If time is what you have to offer, Dignity offers several options.
Fixed deposits? Check out various banks' rates
With global financial crisis forcing the banks to tighten interest rates, fixed deposits have somewhat reclaimed its past glory. Once again, people have started opting for bank term deposits as one of the safest investment scheme.
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| September 15, 2009 | | It's no longer raining millionaires!
Global wealth fell from $104.7 trillion in 2007 to $92.4 trillion in 2008.
Sonia opens Infosys's new centre in Mysore
Congress president Sonia Gandhi, on Tuesday, inaugurated Infosys' Global Education Center - II at its Mysore campus.
How Obama plans to salvage world economy
Those on Wall Street cannot resume taking risks without regard for consequences, and expect that next time, American taxpayers will be there to break their fall.
What the Tata Nano is like: Owners speak!
Enthusiastic owners who drove the Nano through dusty roads, highways and steep terrains, hundreds of kilometres at a stretch share their experience.
How Lehman's fall changed the world
The recession triggered unemployment, which rose to all-time highs in the US and around the world. Markets felt the ripples of the meltdown wiping off trillions of dollars of investor wealth.
How a banking giant fell . . .and died
September 15, 2008 -- shockwaves went through the world financial markets, as it was hit by the biggest bankruptcy in history.
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| September 14, 2009 | | The Ok-Tata-Bye-Bye controversy
Infringements related to brand names and trademarks are a never-ending story. In the latest dispute over a brand name, the Tata Group has objected to the word 'Tata' used in oktatabyebye.com, a travel community site owned by MakeMyTrip.
Phishing, vishing: Great tips to be safe
Phishing is an attempt by fraudsters to 'fish' for your banking details. A phishing attempt usually is in the form of an e-mail that appears to be from your bank. The e-mail usually encourages you to click a link in it that takes you to a fraudulent log-on page designed to capture your details.
India's 20 best IT employers
HCL Infosystems has emerged as the best employer in the information technology industry in India, according to a survey conducted by Dataquest-IDC (International Data Corporation).
Economic downturn sees an upsurge in labour unrest
The past year has seen a rising incidence of labour strife in India, with strikes at Hyundai, Mahindra, Nestle, banks and oil companies.
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| September 10, 2009 | |
Robotics start-ups come of age in India
Robotics start-ups in India are finally making their presence felt. Be it the education or industrial and commercial segments, these start-ups are standing up and getting noticed for their inventions.
'Sensex to scale 18K by March 2010'
Earlier Rajeev Malik an analyst with Macquarie Group had downgraded India's economic growth forecast to 6.5 per cent for the fiscal ended March 2010, from 7 per cent on account of weak monsoon.
Mangoes for the US, but Harley-Davidson for India!
An interview with Anoop Prakash, Managing Director, Harley-Davidson India.
World's top 10 brands
The business of building brands is a tough one. And no one knows it better than corporate majors. In today's ever-changing economy, entrepreneurs seek specialists' help to launch their products and create brands.
World's 10 greenest cities
At this juncture, top-10-list.org has done a survey to seek the greenest cities of the world -- its main criterion of selection being the carbon dioxide emission level. The city with the least CO2 emission has been named the greenest city.
The world's 10 richest cities
European cities have emerged as the world's richest and most expensive places. By comparison, Indian cities are amongst the world's least expensive.
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| September 09, 2009 | | Kingfisher's Mumbai-Hong Kong flights from Sep 15
The launch marks the first time that Kingfisher Airlines is adding destinations from South East Asia to its international route network.
A saga of Jet Air's controversies
Controversies have perennially dogged Jet Airways. The latest tussle with the pilots has further dented the company's reputation, demoralised employees, inconvenienced thousands of passengers and resulted in losses running into crores for the beleaguered airline.
Why Bengal scrapped a major IT project
Last year it was the transfer of Nano project and this year it is the scrapping of the IT park. Bengal's pre-Puja economic scene turned gloomy once again this time with the West Bengal government deciding to give up the ambitious information technology township plan at Rajarhat in Greater Kolkata.
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| September 08, 2009 | | World's 10 most competitive nations
Vibrant financial markets and a sound banking sector has helped Indian economy move up a notch to 49th place on the global competitive scale, while Switzerland has toppled the United States as the top-ranked nation, the World Economic Forum said on Tuesday.
The world's first Islamic search engine
AZS Media Group, a Dutch company on September 1 launched the world's first Islamic search engine -- ImHalal.com -- that differentiates what material is 'halal' (allowed) and what is 'haram' (forbidden) in Islam.
New code: How your investments will be taxed
The proposed Direct Taxes Code Bill, 2009, should change our tax liability as well as the way we invest.
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| September 04, 2009 | | WTO deadlock broken: Indian farmers afraid
The World Trade Organisation ministerial meeting broke the 'impasse' over resumption of Doha Round of talks, with 35 trade ministers agreeing to take forward negotiations from where they left in Geneva in July last year.
The hottest dual SIM mobiles in India
Having struck the right chord with the buyers with FM radio-equipped and multimedia phones, the cell phone makers are now concentrating on a new trend -- dual SIM phones.
India's 10 most affluent cities
A Nielsen survey estimates a total of 2.5 million affluent households in India.
It's raining cars on Indian roads!
India's crisis-hit auto sector is driving the recessionary blues away. All car makers are upbeat, staging a comeback with new models.
11 ways to liberalise the Internet
The growth of Internet will reduce the both national and international call rates.
World's 10 safest banks
With bank stability still high on corporate and investor agenda, Global Finance publishes its 18th annual list of the world's safest banks.
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| September 02, 2009 | | Anil Ambani slips on world power list; Mukesh out
A sharp erosion in his wealth and a long-running sibling rivalry notwithstanding, Indian billionaire Anil Ambani has retained his position in the list of the world's 100 most powerful people, but is down 30 places since last year, while his brother Mukesh has made a total exit.
Mamata's land bank: The pros and cons
What is meant by Mamata's land bank? Will it be effecetive? How far will it be successful in solving the problem of land acquisition that plagues West Bengal?
7 secrets of TRUE financial success
The only real formula for prosperity is to work hard, save regularly and invest wisely. It is a long-drawn process; but the most enduring one.
The Internet is 40 years old!
One of the biggest technology breakthroughs, the Internet impacts the lives of billions of people across the world.
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| September 01, 2009 | | Beware! Fraudsters offer jobs for money
With real employment offers hard to come by in a tough job market, fraudsters are out making bogus offers in the name of big corporate entities.
Swine flu scare: Healthcare firms cash in
Cashing in on the alarming swine flu scare in the country, private companies are launching new products and advocating innovative ways to tackle the spread of the virus.
Global economy returning to normalcy: PM
Prime Minister Manmohan Singh said on Tuesday the global economic downturn which had affected Indian economy as well, is now coming to an end with slow return to normalcy.
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| August 25, 2009 | | The other side of Nasscom
Nasscom Foundation's focus is social development.
Delhi, Mumbai among world's cheapest cities
India's capital city New Delhi and financial hub Mumbai have been ranked among the least expensive cities around the world by a survey, even as cost for food and housing in the country continues to rise.
Nilekani on the advantages of UID number
The UID will be used just for verifying someone's identity. It would be a 'yes', 'no' kind of an exercise. If someone's identity needs to be verified, only then these numbers will come in handy, says the UIDAI boss.
El Nino and its impact on the economy
This may also be the second-strongest El Nino after 1998. El Nino winds bring drastic changes in the weather pattern, which will hit the agriculture sector.
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| August 21, 2009 | | Air India to slash staff salary
The Air India board has decided to reduce by 50 per cent the productivity-linked incentives or flying allowance payable to its employees.
How to make money from mega IPOs
Here are certain fundamental principles to help us find out what suits us right while investing in initial public offerings.
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| August 19, 2009 | | India major hub for cybercrime
India is fast emerging as a major hub of cybercrime as recession is driving computer-literate criminals to electronic scams, claimed a study by researchers at the University of Brighton.
Almost 50% employees unhappy with their job
The challenging economic conditions are taking a toll on employees, as nearly half of the executives around the world are dissatisfied with their jobs, and do not trust their leaders, a survey says.
The world's fastest growing companies
The world's fastest growing company is Canada-based Research In Motion, the maker of Blackberry phones.
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| August 14, 2009 | | Satyam's Raju & the 108 business plan!
In this extract from The Satyam Saga, Business Standard looks into the origins of EMRI, the allies Raju assembled and the roots of his philanthropic works -- as well as the problems that quickly grew to endanger his vision.
6 reasons why Indian IT will revive soon
Analysts believe that the worst might be over for Indian IT and the sector might just be entering a stabilisation zone. However, they caution that it will be at least a year before tech companies start growing again, even though the Indian economy might revive earlier on the back of strong consumer demand.
America's 10 highest-paid CEOs
Stephen Schwarzman, CEO of investment company Blackstone Group, got a total of $702.4 million: of this $699.7 million was received in shares vested after the company's public offering.
CII's 5-pt plan to fight scanty rain, high prices
The CII has suggested a 5-point agenda on the measures that need to be undertaken by central and state governments to stave off the adverse effects of a deficient monsoon. Let's find out what this agenda is. . .
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| August 13, 2009 | | Fake notes: India's secret template compromised!
The secret template India uses to print currency notes has been 'compromised' and that is possibly why fake but real-looking Indian currency notes are being pumped in, says the Central Bureau of Investigation, to subvert the country's economy.
Flu: IT, BPO firms see 20% fall in attendance
With the growing swine flu scare across the city, a number of IT-BPO service providers here are seeing up to 20 per cent drop in attendance.
Hope for airlines: Govt to study high fuel prices
India's ailing aviation sector can finally hope to get some relief. The Union Minister of Civil Aviation, Praful Patel has announced that a Group of Ministers (GoM) has been formed to look into the issues faced by the aviation sector.
New tax code: More money, fewer exemptions!
Interest payment on home loans could become fully taxable. Perks to be included in salary income and taxed.
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| August 12, 2009 | | ATMs with in-built fake-note detectors soon
The central bank might ensure that the new series of banknotes with more robust security features be introduced as early as possible.
No terror funds in stock markets: Govt
The government on Tuesday ruled out any surreptitious entry of terrorist outfits into the stock market and said that sufficient caution has been administered to the stock exchanges to look out for any suspicious entry into their activity.
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| August 11, 2009 | | Indian consumers 2nd most optimistic
Consumers who had deferred purchases or preferred to stretch their money at discount retailers look all set to splurge again. The latest round of the Nielsen Global Consumer Confidence Survey reveals a sharp increase in confidence levels, Indians being the second most optimistic.
Soaring prices: What can be done?
Skyrocketing prices have even the Supreme Court worried. On Tuesday, the Apex Court expressed concern over the spiralling prices of food items that have hit the common man hard.
Flu: IT firms panic; economy may be hit
With the swine flu scare gripping the world, especially India, experts are trying to figure out the economic impact that a widespread swine flu epidemic might have on the economy and the markets.
How to succeed in a downturn
A downturn is tough on a startup. Here are a few strategies to bring you closer to success.
Surat's diamond industry recovering
Post global slowdown scenario, Surat's diamond industry is gaining momentum in demand from the domestic, international and emerging markets like China, industry sources said today.
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| August 10, 2009 | | Get ready to pay more for primary articles
The weak monsoon this year will jack up prices of primary articles further, even as the country's inflation is likely to be in negative territory for the next three months, a report says.
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| August 07, 2009 | | Why markets are conversations
Markets are conversations, not merely devices for aggregating information. And value is not the same as price. All value is discovered inside a conversation and price is just one aspect of 'what's it worth to you'.
Satyam, Raju owe Rs 541 crore in tax dues
Out of the total dues, Satyam Computer, which has now been re-branded as Mahindra Satyam, alone owes a hefty Rs 532 crore (Rs 5.32 billion) to the Income Tax department
7 steady-rise stocks to buy
Tougher to find today than two weeks ago, there are still a few value buys left in the market.
Why Ambani brothers are locking horns again
The latest Ambani-sibling fight has now become a political battle.
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| August 05, 2009 | | Rupee, yuan may be global currencies soon: Rajan
Given their stability, the rupee and the renminbi (Chinese currency) -- when made convertible -- could well emerge as substitute currencies which countries will hold their reserves, stated Raghuram Rajan, Economic Advisor to the Prime Minister and Professor of Finance at the Chicago Graduate School of Business, on Wednesday.
How correct are China's GDP figures?
Controversy continues to swirl around the accuracy of government's claims.
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| July 31, 2009 | | Terror threat: Infosys get elite commandos
Software giant Infosys on Friday came under the security blanket of Central Industrial Security Force (CISF), becoming the first private firm to be protected by the force which usually guards government installations.
Bailout or we stop flying, pvt airlines to govt
In an unprecedented show of solidarity on Friday in Mumbai, India's cash-strapped, loss-making private airlines -- including Kingfisher Airlines, Jet Airways, and others -- have demanded a bailout package from the government or they 'will have to suspend their operations indefinitely'.
How Indian IT firms can be global giants
'If you want to be a global giant, you cannot position yourself as only a software services provider; you have to be a solution provider.'
Shopping online? Credit card PIN a must
Come August 1, it will be compulsory to have a personal identification number (PIN)/password for all online credit and debit card transactions in the country.
Why food prices are soaring in India
Higher vegetables and pulse prices pushed up the country's food inflation by 1.2 per cent during the week ended July 18, giving no relief to consumers, even as the overall price level for the seventh week in a row remained below zero.
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| July 30, 2009 | | India Inc upbeat on hiring, pay hikes
Corporate India is on the path to recovery after having been pummelled around in the global recessionary storm, with companies showing optimism on hiring and salary increases, says a joint Mercer-CII survey.
Mukesh has forgotten Dhirubhai, says Anil Ambani
In a no-holds-barred attack, Anil Ambani has accused his elder brother, Mukesh, of trading their father Dhirubhai's vision for 'corporate greed'.
Why India needs to move to a green future
Global warming is too serious a problem to just discuss or debate on. Some really well-orchestrated steps are required to counter the threat.
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| July 24, 2009 | | Bill Gates keen to partner ID card project
Microsoft, the world's largest software company, is keen to partner India in a project to issue unique identification to each citizen, its chairman Bill Gates said on Friday.
The world's happiest nations
Then, you might want to make plans to move to Latin America. According to the Happy Planet Index, published recently by the New Economics Foundation, Latin American countries have high scores when it comes to happiness.
Buying medicines? Watch out for fakes!
While the top players of the over Rs 85,000 crore (Rs 850 billion) pharmaceutical business are up in arms over what they call rampant spread of counterfeit drugs (allegedly 20 to 25 per cent of total pharma sales) in the country, enforcement agencies and some pharma associations say the situation is not that alarming.
Traffic snarls may soon be history
Worsening traffic is making travelling by car an increasingly frustrating and unpleasant experience.
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| July 23, 2009 | |
10 countries with largest foreign reserves
Foreign exchange reserve, often taken as a yardstick to gauge a country's financial strength, are the foreign currency deposits and bonds held by central banks or monetary authorities (it is Reserve Bank in case of India).
What ID card boss Nilekani plans to do
The first set of unique identification numbers will be issued to the citizens within 12-18 months, high-profile IT expert Nandan Nilekani said soon after taking over as the head of the newly-created Unique Identification Database Authority of India (IDAI) on Thursday.
Why Budget fails to excite the common man
In its effort to be something of everything, the budget has become a bag of contradictions
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| July 22, 2009 | | How IPL became a billion dollar brand
The football-style, franchise-based Indian Premier League (IPL) almost overnight became a multi-billion dollar brand.
How Budget will hurt taxpayers and growth
Some of the tax proposals made by Finance Minister Pranab Mukherjee like marginal increase in in exemption limits or abolition of FBT will not have the desired effect and could hurt economic growth over time.
All about the Ambani gas war
Even four years after splitting the Reliance empire, the Ambani brothers still seem to be washing dirty linen in public: the latest battle is over gas pricing.
Flood alert! Mumbai firms gear up
Two days ahead of the high tide warning, corporate houses here are busy drawing plans to meet any possible recurrence of the 26/7, 2005 deluge in the metropolis.
Divestment: India's new financial mantra?
Presenting the Union Budget in Parliament recently, finance minister Pranab Mukherjee proposed estimated divestment proceeds of Rs 1,120 crore (Rs 11.2 billion) for 2009-10, which includes divestment in Rail India Technical and Economic Services, Cochin Shipyard Ltd, Telecommunications Consultants India Ltd, Manganese Core India Ltd, Rashtriya Ispat Nigam Ltd and Satluj Jal Vidyut Nigam Ltd.
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| July 21, 2009 | | India's greatest brands of 2008
The Nano and IPL come on top, Swift Dzire springs a surprise in the 13th annual Brand Derby.
How recession hit glitzy Dubai and expats
Glitzy lifestyles and accoutrements in the sheikhdom have given way to a nervous business environment.
How Air India can be revived
Old aircraft, tough competition and higher operational costs made making profits much more difficult for Air India. Here are some ways to revive the national carrier.
What Vedanta boss plans for India
The best of Anil Agarwal is yet to come. When the entrepreneur-turned-billionaire mopped up $1.5 billion (including $500 million from Vedanta) from a stagnant American financial market in just six hours, the experts and even his critics have changed their views on the Vedanta chief.
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| July 20, 2009 | | India's business family feuds
Families like Birla, Ambani, Modi, Shriram, Bajaj, Nanda, Dalmia, Chhabria and Thapar have all split in the past.
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| July 16, 2009 | | Why Google eyes cloud computing
It's not only Google but also start-ups like Ghost, Glide and even software giant Microsoft that are in the game.
Computer games: Mythology-based tales are a hit
Even adults find these games non-violent and educational.
World's 8 biggest employers
At a time when the economic crisis is forcing companies to reduce costs and cut jobs, retail giant Wal-Mart has emerged as the biggest employer in the world with a whopping 2.1 million people working for it last year, according to the Fortune magazine.
Tata Nano lands in Hyderabad
The first consignment of the much-awaited Tata Nano cars arrived at the Sanatnagar Railway station in Hyderabad on a special railway coach.
Now, 'standing room' on airlines!
Irish discount airline Ryanair is said to be making plans for standing rooms on their planes so that they can accommodate more people onboard.
The secret of Advinus's success
Advinus has developed a unique model to discover new medicines for neglected diseases with the objective to make safe, effective and affordable new drugs available to the poorest of the poor.
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| July 13, 2009 | | Revival! India to create millions of jobs
Nearly 2 lakh (200,000) engineers and 1.32 lakh (132,000) diploma holders were unemployed in 2007, the ministry of labour and employment told the Lok Sabha on Monday, and said that 15 million jobs would be created in public and private sectors by the end of Eleventh Plan.
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| July 10, 2009 | | Lalu: My figures are not wrong
With his claims of Railway turnaround coming under scanner, former railway minister Lalu Prasad on Friday rejected the charge of juggling profit figures, insisting that he had nothing to fear despite the white paper promised by his successor Mamata Banerjee.
The hottest touch phones in India
Here's a look at some of the best touchscreen phones you would love to own.
We've just 96 months to save the world: Chales
Britain's Prince Charles on Wednesday blasted capitalism and consumerism for having 'brought the world to the brink of economic and environmental doom.
Infosys Q1 net at Rs 15.27 bn, up 17.28%
Infosys announced its first quarterly results on Friday. Th software major's Q1 net stood at Rs 1,527 crore, up 17.28%.
Fraudsters who got longest sentences
Bernie Madoff, notorious fraudster, was sentenced to 150 years in jail. Turns out, his sentence is only the 5th largest in recent years!
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| July 09, 2009 | | $1.68 million for lunch with Warren Buffett!
Toronto-based investment firm, Salida Capital led by Courtenay Wolfe has won the charity auction to dine with billionaire investor Warren Buffett.
Recession getting over, India to boom: IMF
The International Monetary Fund on Wednesday raised India's growth forecast to 5.4 per cent for 2009 and said that the global economy is beginning to pull out of a recession.
All you wanted to know about GST
GST will create a single, unified Indian market to make the economy stronger.
Global slowdown hits IT scene in Andhra Pradesh
Rs 22 crore (Rs 220 million). That was the total value of exports of IT software from Andhra Pradesh in 1994-95. IT exports in the state have now crossed Rs 32,500 crore (Rs 325 billion) during 2008-09 and poised to grow up by another 20% during the current financial year.
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| July 08, 2009 | | World's most trade-friendly nations
Singapore is the world's most trade-friendly economy, the World Economic Forum said in a study. The WEF's Global Enabling Trade Report 2009 measures and analyses factors enabling trade in 121 industrialised and emerging economies around the world.
Sensex may hit 18,000 in April 2010
The benchmark index Sensex will continue on its growth path and may even scale 18,000 level by 2010, experts say, notwithstanding the six per cent fall it saw on the day of the Union Budget.
There's life after Infosys
Nandan Nilekani exits for a high-profile govt job, but two low-profile founders have built successful careers after quitting.
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| July 07, 2009 | | Air India to revamp top brass, divest partially
Taking aggressive steps to turn around cash-strapped Air India in two years, government on Tuesday said a major revamp of its top management would be carried out in 30 days and there would be a partial divestment of the national carrier in the near future.
The market expected too much: Pranab
An interview with finance minister Pranab Mukherjee.
'It's a 50-50 Budget'
Deepak Mehta is not at all happy with the recent hikes in the rates of petrol and diesel. The good point, he feels, is the spending on the social sectors and the steady growth experienced by India Inc despite a global slowdown.
How the Budget impacts industry sectors
Pranab Mukherjee touched upon the problems and the initiatives needed to spur Indian Economy, but there is hardly anything on table for the industry to cheer about.
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| July 06, 2009 | | Who called FM names, who praised him
India Inc on Monday welcomed the focus on reviving economic growth to nine per cent as also the indications for bold tax reforms, but expressed regret that the Minimum Alternate Tax was raised and Security Transaction Tax was let to continue.
Budget: All about tax proposals
Giving relief to individual taxpayers, the government on Monday raised the income tax exemption limit.
What's cheaper, what's costlier
Select life saving drugs, LCD TVs, mobile phones, branded jewellery, sports and leather products, packaged software and footwear are among items that would cost less, while gold bars and coins, silver, set-top boxes and cosmetic surgery would turn costlier after the Budget.
Union Budget: What the FM has in store
Pranab presents his fourth Budget.
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| July 04, 2009 | | How much does Barack Obama earn?
While Barack Obama's job as the President of the United States earns him a cool salary of $400,000, his top White House staffers are not doing too badly either.
America's 10 most famous fraudsters
A look at ten of America's most famous fraudsters, and how they were dealth with by US courts of law.
Beware! Fake medicines dumped in Kerala
These fake medicines include several life-saving drugs, as well as common medicines like Paracetamol. These low-quality drugs are imported from China and freely available in the market.
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| July 03, 2009 | | Lalu got math wrong, Mamata corrects
They may be on the same side of political power, but that did not stop Railway Minister Mamata Banerjee and her predecessor Lalu Prasad from taking pot-shots at each other during the presentation of Railway Budget in the Lok Sabha.
Just what is the Union Budget?
What is the Budget? Why is it so important? Why does it affect all of us? And, above all, how does one interpret the budgetary lingo flying around?
Mamata's rail: What's in it for you
She said that the budget will have approach for 'inclusive growth' and expansion of rail network to take development to every corner of the country.
The businessman behind the Mumbai sea link
Constructing the Bandra-Worli Sea Link has put the publicity-shy Ajit Gulabchand squarely in the spotlight.
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| July 02, 2009 | | Lift ban on Satyam, Tech M to World Bank
'We wrote to the bank a few weeks ago. We don't expect an immediate response as these things take time but we disagree with the claims they've made,' Australian IT quoted Tech Mahindra executive vice-chairman Vineet Nayyar as saying in Sydney. Satyam was blacklisted last September and a month later was forced to deny reports that its contractors had installed spy software on World Bank computers.
When India lost 6 lakh jobs in 4 months!
More than 600,000 Indians, many employed in the gems and jewellery sector, lost jobs in just four months from October 2008 as the impact of the global economic crisis hit the country's shores.
This is what the Economic Survey says
Recommending an end to all cesses and surcharges on taxes, and free pricing of fertiliser and fuel ahead of the Union Budget for 2009-10, the Economic Survey on Thursday suggested aggressive divestment and financial sector reforms to bring the economy back to high growth track.
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| July 01, 2009 | | Sea link: Traffic jam on Day One!
The Bandra-Worli sea link, which was just thrown open for public, on Wednesday experienced huge traffic snarls with vehicles moving at a snail's pace on the bridge.
An American on the Bandra Worli Sea Link
Rediff.com's American Correspondent has a few thoughts on the newly opened Bandra Worli Sea Link.
Obama's anti-tobacco bill, and its impact
US President Barack Obama has signed a historic bill that gives the government powers to curb advertising and promotion of tobacco products.
SEZ story: How farmers won against Ambani
Nobody is dubbing it a revolution, but something radical has happened near Mumbai. Ambani, not just the richest but also arguably the most powerful Indian industrialist, has faced a setback due to 'people's power'.
The secret behind Amul's success
One of India's most successful organisations, Amul, has been ranked among the largest dairy businesses in the world by International Farm Comparison Network (IFCN).
Sony Walkman is 30!
Thirty years ago Sony launched the Walkman, a gadget which revolutionised the way people around the world listened to music.
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| June 30, 2009 | | Sonia Gandhi inaugurates Bandra Worli Sea Link
Congress Party President Sonia Gandhi inaugurated the Bandra Worli Sea Link on June 30, 2009.
India's biggest job creators this year
According to a survey, the banking sector emerged as biggest job generator in the first quarter of the current fiscal with the segment increasing headcount by more than 16,000.
Patna better than Mumbai to start business
Of the 17 cities figured in the World Bank and International Finance Corporation's "Doing Business In India 2009" report, Jaipur, Hyderabad and Bhubaneshwar are the other cities where it is easier to start a business.
Indian stocks: World's best performers
Indian stocks have emerged as the best performers among those in the emerging and the developed markets across the globe so far this year, giving investors the highest return of nearly 60 per cent.
The world's first solar plane
The initial version of the solar plane, spanning 61 metres but weighing just 1,500 kg, will undergo trials to prove it can fly at night.
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| June 29, 2009 | | At 60, what Amul plans to do
Amul is overhauling its branding and distribution strategy to keep pace with the changing times.
Budget: What the common man wants
The Union Budget just a week away. While economists and analysts are busy making predictions about the biggest annual financial event in the country, common people are no less interested either.
Now, buy Jaguar, Land Rover in India!
Now you can buy Jaguars and Land Rovers from dedicated showrooms in India. Indian owned or not, they represent some of the best sports cars and sports utility vehicles.
JLR: What Britain gifted to the world
The Jaguar E-Type and the Land Rover Defender are two of the most famous automotive icons that Britain gifted to the world.
How the Budget could hit your stocks
The Budget is expected to contain measures to accelerate growth while being fiscally prudent.
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| June 25, 2009 | | Fake money: Security breached, admits RBI!
The Reserve Bank of India has admitted that security features introduced in the higher denomination notes in 2005 as an anti-counterfeiting measure have been breached!
Flying car? Here's what it is like!
The Flying Car can drive, fly, and automatically transform between the two in 60 seconds, could be on the road and in the skies as early as 2011.
10 easy steps to tax filing
If you are a new taxpayer or one who is struggling to obtain a foothold in the world of taxes, our attempt at simplifying the tax filing process seeks to help you sail through this. Read on. . .
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| June 24, 2009 | | Taxpayer money to bail out Air India
The government's support is there for Air India, (but) it comes with a condition, Civil Aviation Minister Praful Patel said. Air India must shape up, it should become leaner and trimmer, Patel said.
Where will the Sensex go from here?
Up 24.2 per cent in less than 30 days! That's how the BSE Sensex has been behaving. The current run, however, is likely to change.
How Airtel plans to be most-admired brand
Bharti hopes to make Airtel the country's most-admired brand by 2010. Has it done enough to rise above the clutter?
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| June 22, 2009 | | Why Air India is in trouble
Unprecedented liquidity crunch, high oil prices, widespread economic gloom, declining passenger traffic, skills shortage, and overcapacity are squeezing the life out of India's state-run flagship airline.
Mumbai gets a makeover
The much-publicised sea link isn't the only transport improvement coming Mumbai's way. More roads linking the east and west, the metro and monorail, and a trans-harbour link are changing the way people will live and work in the city.
Budget will be popular, says Montek
"The word populist has negative overtones, but I am sure (the) finance minister will present a popular Budget. However, we should maintain the mystery of the Budget and you have to wait and see what comes out," Planning Commission Deputy Chairman Montek Singh Alhuwalia said.
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| June 19, 2009 | | Helping India's micro-entrepreneurs
The National Policy on Urban Street Vendors, 2009, approved by the UPA government, recognises street vendors (or micro-entrepreneurs) as an integral and legitimate part of the urban retail trade and distribution system.
Beware! All's not well with Indian stocks
The Indian stock markets may have gained significantly in recent months but the country's fiscal position and uncertainty about global recovery still suggests a cautious approach towards equities, says Moody's.
How to lead during a recession
Business management guru Ram Charan's new book, Leadership in the Era of Economic Uncertainty, advises managers to get lean and mean during downturns.
India created 300,000 jobs in US
"Indian foreign direct investment in the US is more than America's FDI in India."
China selling fake 'Made in India' drugs
The World Health Organization (WHO) estimates that more than 30 percent of medicines sold in Africa, Asia, and Latin America are spurious.
Obama reads Wall Street the riot act
US President Barack Obama has released his plan to reform Wall Street. A look...
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| June 17, 2009 | | What GE does in Bangalore
General Electric's technology centre in Bangalore helps the company grapple with technology and costs. Here's the lowdown on this low-cost but cutting-edge facility.
India may raise home loan tax exemption
The income tax exemption for interest payment of home loans is likely to be increased to Rs 2.5 lakh (Rs 250,000) for the upcoming year.
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| June 11, 2009 | | Satyam not to lay off employees
There will be no retrenchment in Satyam, up to 10,000 employees to be put into virtual pool, Tech Mahindra CEO Vineet Nayyar said.
India's costliest cities to live in
Strong currencies may have pushed up the cost of living for expatriates assigned to major Asian locations, but India cities are still among the cheapest places globally for an overseas assignee, a survey says.
Honda Jazz is here at Rs 743,000
Honda has finally made its entrance into the country's competitive compact car segment, with the launch of the Honda Jazz. In Mumbai, Jazz standard will cost Rs 7.43 lakh (Rs 743,000), Jazz Mode Rs 773,000 (Rs 773,000) and Jazz Active Rs 778,000 (Rs 778,000).
How to bounce back from workplace mistakes
DA Benton, top executive coach, explains how to react to everyday mistakes we all make.
Bangalore's loss, Buffalo's gain?
Impact of Obama's tax proposal on Indian outsourcing industry still not clear.
The 100-day plan to revive Indian economy
The architect of India's economic reforms, Manmohan Singh, has another big mission on his hands now.
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| June 10, 2009 | | How luxury hotels are surviving the downturn
They saving crores by making cuts that customers can barely notice.
Pranab wants banks to cut interest rates
Finance Minister Pranab Mukherjee on Wednesday asked banks to cut interest rates and provide cheap credit to industry in order to spur economic activity.
US firms fight Obama's anti-Bangalore stance
A month after American President Barack Obama came out with 'Say no to Bangalore, yes to Buffalo' rhetoric, which now echoes in the corridors of Capitol Hill, American companies have launched a campaign against the new law that ends tax incentives to those firms which create jobs overseas.
Bill that could kill H-1B visas
A strident bill concerning US work visas for non-US citizens has been re-introduced before the US Senate. A look at the bill.
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| June 09, 2009 | | The fastest, most powerful iPhone is here!
iPhone 3G S features video recording, Voice Control, up to 32GB of storage, and more.
'Rajeev was such a humble human being'
Silicon Valley technocrats, Standord students pay rich tribute to the humble, soft-spoken Rajeev Motwani.
Cashing in on India's low-cost home rush
Does low-cost housing make economic sense? It seems to. Developers believe the loss in margins (20 per cent in affordable housing, against 50-300 per cent in case of premium housing) can be made up somewhat by the sheer volumes of sales.
Despite slowdown, auto firms raise salaries
The highest pay hikes for the current year are set to come from Maruti Suzuki and Hero Honda.
It's raining cars this June
After the launch of Audi's crossover utility vehicle Q5, June will see two more heavyweight car launches within days of each other, making this month the one with the most number of launches in the last nine months.
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| June 08, 2009 | | Silicon Valley loses an angel
The untimely passing of 47-year-old Rajeev Motwani has left the Silicon Valley community in shock. Here, many of them remember this great man.
TCS raises top brass pay by Rs 10 mn
Inida's top IT firm, Tata Consultancy Services, has enhanced total pay packages of its top management personnel and board members by over Rs 10 million -- in the process giving a better hike to its incoming chief executive officer than his predecessor.
Infosys may begin campus hiring in 2010
'Most probably we will be going to campuses in January after we assess the situation. Since there is a slowdown and if the situation improves, we will be going to campuses,' says Infosys CEO and Managing Director S Gopalakrishnan.
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| June 05, 2009 | | The Audi Q5, now in India
The Audi Q5 range starts at Rs 38.29 lakh (Rs 3.83 million) for the 2.0 TFSI and Rs 44.19 lakh (Rs 4.42 million) for the 3.0 TDI.
'US years away from full recovery'
A few prominent economists are still worried that a US, and thus global, recovery is years away.
IT majors don domestic avatars
Perceived till recently as low-budget and low-margin, the domestic market now means big business to Indian IT majors.
What to expect from the Indian Budget
This is Finance Minister Pranab Mukherjee's fourth regular Budget.
The who's who of corruption in India
Political parties are perceived to be the most corrupt institution by Indians, according to 2009 Global Corruption Barometer released by Transparency International.
World's 12 most expensive office hotspots
Real estate, it is said, is heading south as direct fallout of the global economic crisis. Naturally, therefore, there has been a decline in rentals and Mumbai, known to be the most expensive city of India, has become lesser expensive for office space. However, the city remains at the sixth position among the world's costliest office markets, a report has said.
Recession hits small IT, BPO firms
More than 6,000 centres with headcounts of 10-100 have downed shutters across the country.
Mumbai sea link may open on June 16
Mumbai's much-awaited Bandra Worli Sea Link built over the Mahim Creek of Arabian Sea will likely open for public on June 16.
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| June 04, 2009 | | UP tops list of migrants in Maharashtra
During the last five years, of the 12.39 lakh (1.239 million) people who have migrated from other states to Maharashtra, 4.23 lakh (423,000) are from Uttar Pradesh, as per the Economic Survey of Maharashtra for 2008-09 which was tabled in the state Legislature on Wednesday.
The peak GM never scaled
Let us re-visit the iconic brands under the GM umbrella and to see why none of them could change the fortune for the General.
Airlines will take 3 years to recover
Airlines worldwide will continue to be in the 'red' because of the global meltdown and may take more than three years to recover, an international aviation group said warning that the epicentre of the crisis is now in Asia.
'India is entering a long-term bull run'
Rediff.com caught up with Reliance Capital Asset Managment CEO Sundeep Sikka, to discuss the success of Reliance Mutual Fund.
President on the economic crisis & black money
Expecting the economy to slow down in the current fiscal amid global recession, President Pratibha Patil said the new government will focus on adversely-affected sectors like infrastructure, exports, SMEs, and housing to restore the growth momentum.
US job cuts fall in May
Job cuts announced by US employers fell for the fourth consecutive month in May to over 1,10,000, recording a 16 per cent dip from layoffs announced in April, but the decline could be shortlived as downsizing may pick up pace after the summer months, a report has said.
Indian housing prices begin to drop!
Sales in newly launched residential products have gone up slightly owing to discounted prices. But will this trend sustain?
America's top 10 bankrupt companies
Three of this year's bankrupt companies -- GM, Chrysler and Thornburg Mortgage -- have found place among the 10 biggest ever bankruptcies in the American history.
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| June 02, 2009 | | 10 mn jobs in textiles sector: Maran's promise
The UPA government will work on creating one crore (10 million) new jobs in the textiles sector and attract an investment of Rs 1.55 lakh crore in the next five years, Textiles Minister Dayanidhi Maran said after taking charge.
GM, Chrysler fall may cost 250,000 jobs
Bankruptcies of automakers General Motors and Chrysler could cost as many as quarter million people their jobs over the next year and a half, a media report says.
If Sunil Mittal does not succeed...
He likes to try and try again, as the renewed merger talks with MTN have demonstrated.
How to automate money to get rich
Ramit Sethi's book I will Teach You to be Rich is a bestseller. The 26-year-old Stanford alumnus has been called 'a rising star in the world of personal finance writing.' Excerpts from an interview...
Bharti Wal-Mart in Amritsar, to invest $100 mn
Bharti Wal-Mart Pvt Ltd, the joint venture between Bharti Enterprises and retail giant Wal-Mart, opened its first cash-and-carry (wholesale) store in India at Amritsar.
An investment guru's advice for investors
Investment guru Parag Parikh talks about the state of the Indian stock markets. His advice? Value investing.
Management mantra of India's best CEO
India's top bank CEO has fine-tuned his work so efficiently that he has oodles of time for his favourite pastimes.
10 Indian firms among world's best
Ten Indian companies, including Mukesh Ambani-led Reliance Industries and telecom major Bharti Airtel, are among the 500 top global companies for 2009
TRIO: India's first tri-fuel car
In their endeavour to produce a cost effective and environment friendly vehicle, the students of MM University have made first of its kind tri-fuel car- TRIO
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| June 01, 2009 | | 4 MM University students invent tri-fuel car
In their endeavor to produce a cost effective and environment friendly vehicle, the students of MM University has made first of its kind tri-fuel car- TRIO
Why General Motors went bankrupt
General Motors Corp will file for bankruptcy on Monday, forcing the 100-year-old iconic car major which has been one of the most visible symbols of American capitalism and economic might into uncharted waters of nationalisation or government ownership.
IPL: An accidental global brand
This year, IPL is estimated to have brought in nearly Rs 1,300 crore (Rs 13 billion) - overnight making it one of the biggest businesses in the entertainment -sports-media space.
8 Indian cities in world's riskiest BPO spots
India may have been hailed for long as the world's top outsourcing destination, but according to a survey in the annual Black Book of Outsourcing, as many as 8 Indian cities are among the world's 25 riskiest places for offshoring.
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| May 29, 2009 | | Welcome to the world of ZooZoos!
Vodafone's ZooZoo advertisements have taken the country by storm. Here, we look in-depth at the story behind these strange little egg-headed humanoids.
India's GDP grows 6.7% in FY09
The declining output of the manufacturing sector pulled down the economic growth rate in the fourth quarter of 2008-09 to 5.8 per cent and 6.7 per cent in the entire fiscal.
India's 11 largest M&A deals
The proposed $23-billion mega deal between Bharti Airtel and South Africa's MTN would be India's biggest-ever M&A deal. Let us now take a look at the 10 largest M&A transactions involving an Indian company until now
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| May 28, 2009 | | Investment options in India for NRIs
However, being Indians we still feel the need to stay connected to the place of our birth and therefore, we try to make investments in India through different avenues. Let's take a look at how Non-Resident Indians (NRIs) can make investments in India.
Men behind Bharti, MTN merger talks
Meet the CEOs for South Africa's MTN and India's Bharti Airtel. They're the men behind what would be India Inc's largest-ever overseas transaction, at $23 billion.
A woman's art of motorcycle maintenance
Ambika Sharma of Jagran Solutions talks about being part of an all-male bikers' club.
7 ways to get right info on right stocks
Without knowing companies you cannot make the most of this opportunity to pick up quality stocks. Here's where you should go for information you can trust.
What makes a painting valuable?
Why is it that an artist's work can vary so greatly that values can range from the humdrum average (in a manner of speaking) to the extortionately phenomenal?
Why the New Pension Scheme is best for you
The New Pension Scheme scores over several other retirement products in many ways, check out how and why.
Secrets behind the success of Mumbai's dabbawallah
Now, Dabbawallahs, known for their food-supply network across Mumbai, are being asked to impart lessons on management and business skills to the corporate world.
Meet N Chandrasekaran, the new TCS CEO
TCS, India's largest IT company, has appointed and approved current TCS chief operating officer and executive director N Chandrasekaran as the CEO and Managing Director-designate.
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| May 27, 2009 | | RIL, Tatas most admired cos for CSR
Corporate behemoth Reliance Industries and two Tata Group firms - Tata Motors and Tata Steel - have emerged as the country's most admired companies for their corporate social responsibility initiatives, says a survey.
Govt to ask banks to cut rates, says Pranab
Concerned over high credit cost and availability of funds, Finance Minister Pranab Mukherjee on Wednesday said he will ask banks for a 'benign plan of action' while committing to stimulate economic growth by stepping up public expenditure and speeding up reforms.
I-T dept okays jobs for locals: Sena
The Income Tax department has agreed to give priority to 'sons of soil' and use of Marathi language in its offices, a Sena leader said.
Salaried? Save tax the smart way!
Earning a salary? Looking to save tax the smart way? You have two options: salary restructuring and tax-saving instruments.
Hotel industry gears up for Commonwealth Games
The financial losses due to economic meltdown and Mumbai terror attack notwithstanding, the Indian hotel industry is gearing up for the Commonwealth Games next year to make the most of the likely spurt in tourist traffic.
Foreign buyouts: Is India Inc on right path?
Indian companies may be embarking on ever more audacious international megadeals, inspired by aggressive empire-building ambitions rather than by the solid commercial logic and a careful appraisal of investment returns that have characterised past Indian acquisitions abroad.
All's well in West Bengal, say industrialists
Though the ruling Left Front in West Bengal recorded its worst performance in the recent Lok Sabha polls, industrialists appear to be unperturbed by the changing political wind in the state and believe industrialisation will continue.
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| May 19, 2009 | | The key to India's economic boom
It seems that notwithstanding the global financial crises, India is set to become a high-growth state and more of a welfare state under the new government.
Can the Congress deliver for business?
Indian stocks soar as investors take heart that the Congress Party's decisive victory will speed economic reforms - but labor changes may take time
Will this be the economic dream team?
While Lalu's chances of retaining Cabinet berth seems remote, experts believe there may not be too many new faces as far as important ministries are concerned.
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| May 18, 2009 | | Boom-time: Sectors to watch out for
Liquidity-starved sectors such as infrastructure and realty could be the biggest beneficiaries of the vote of confidence for the UPA.
Sensex rockets
There is an unprecedented sense of jubilation among investors, as they expect a big thrust on the reforms front.
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| May 15, 2009 | | Satyam may lay off over 12,000 employees
Sources said that the new management made a formal announcement before senior management personnel on Thursday on the issue of reducing manpower by up to 14,000 people.
Maruti Ritz is here at Rs 3.90 lakh!
Maruti Suzuki India, on Friday launched its latest small car Ritz in both petrol and diesel variants, offered at an introductory price of Rs 3.90-4.99 lakh.
My dream is still a budget airline: Capt Gopinath
Two years after selling his budget carrier, Air Deccan to Vijay Mallya-owned Kingfisher Airlines, its former chairman Captain G R Gopinath, still harbours a dream to return to the low-cost airline segment, which he pioneered in the country.
5 ways the CEO's job will change: Nooyi
At a time when the world is reeling under the impact of an economic crisis, Indra Nooyi, PepsiCo chairman and CEO and one of the most influential women in the world, believes that the corporate sector needs to rethink its role and adapt itself with the changing times.
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| May 13, 2009 | | What does Obama's tax proposal mean for India?
On May 4, US President Barack Obama announced a proposal to rework America's tax code. How will these plans impact India?
Economy: BJP, Cong, Left promise the moon
For the Bharatiya Janata Party, the first 100 days would see its government initiating measures to bring back Indian money stashed away in secret tax havens. LK Advani, the party's prime ministerial candidate, has promised to appoint an expert committee to pursue and track the Indian money in those tax havens.
ICICI Pru Life to hire 3,000 in next 2 months
The country's largest private sector life insurer, ICICI Prudential Life, on Wednesday said it will hire 3,000 people in the next two months, debunking reports of any reduction in workforce.
Why US needs smarter, not fewer, H-1B visas
The new Grassley-Durbin bill would weaken the economy. Here's how to let the H-1B visa program strengthen the US instead.
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| May 12, 2009 | | ILO on India's scourge: Bonded labour
Bringing to the fore the ugly face of 'forced labour' in India, a new study by the International Labour Organisation has said bonded labourers often lose their freedom to choose employment due to lack of transparency in wage system and continue to work for unlimited period.
The 9 safest investments for you
Government-backed options give the highest security. Here's a new gameplan with old warhorses.
The Mahindra Xylo strategy
Mahindra Xylo targets one bird too many with its sedan-killer strategy.
Indian IT companies to suffer some more
The January-March quarter results for FY2009 reflect the muted growth of Indian IT companies. A look at what lies in the future for the companies in this sector.
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| May 11, 2009 | | Low-cost is fine, but quality must be great
Products and services targeted at socio-economic categories A and B may sell well during a boom; but for all-weather sales you must have products that sell in large numbers in small towns and villages.
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| May 7, 2009 | |
Fiat wants Chrysler, Opel
Less than a week after sealing a deal with Chrysler to form a partnership, Fiat CEO Sergio Marchionne visited Berlin to try to convince Germany's political leaders of his plan to create a European car giant with the acquisition of General Motors Corp's Opel unit.
Management lessons from the Battle of Panipat
Lesson No 1: One needs allies; the need is even stronger when one is operating in a new territory/segment.
'It should have been Shanghai, not Bangalore'
US President Barack Obama's proposals to amend the US tax structure since it allegedly encourages creation of "... a job in Bangalore, India, (rather) than create one in Buffalo, New York," has made the IT sector in India edgy.
Twenty-20 ways to beat the slowdown!
With 250 days of cricket in the year, and soaring ratings, this has become the surest way to draw in advertisers.
These cars could save the world!
In a world increasingly plagued by both global warming and rising oil prices, electric-powered cars could be possible solution.
Nooyi, Ramani Ayer among best US CEOs
According to Institutional Investor magazine, these top-ranked CEOs score high marks for 'being forthright and transparent with shareholders and smart with their companies' balance sheets.'
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| May 6, 2009 | |
After Nano, Tatas offer flats for Rs 4 lakh!
Tatas are developing a township at Boisar, 100 km from Mumbai.
BJP to link N-deal approval to outsourcing
US can't use its laws against India and expect India to support it too, says Yashwant Sinha.
Forget those big salary hikes!
India Inc may have been spiralling salaries in the recent years, but not anymore as double-digit pay hikes can well be a thing of the past.
How to pick the right stocks like a guru
If brilliant analysis is applied to the wrong stocks, you can't get right results. Check it out. . .
Obama tax proposals to hit US firms more
The proposal will impact US-based companies like IBM, Hewlett Packard, Microsoft and Oracle that have overseas operations in countries like India.
Here's the winner of the world's best job!
Ben Southall, a British charity worker has won the 'best job in the world'.
Lessons to learn from Battle of Aberdeen
Throughout history, wars have left an indelible mark on human psyche. Serious debates have been held on the morality of and the strategic necessity for war.
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| May 5, 2009 | |
Say no to Bangalore, yes to Buffalo: Obama
Meeting one of his major election promises, Obama on Monday the announced end of years of tax incentives to those US companies which create jobs overseas in places like Bangalore.
IPL teams may list on the stock market!
Like gladiators, cricketing stars from across the globe are battling it out for their respective Indian Premier League teams in the IPL T20 Cricket Tournament.
Tata Nano gets 2.03 lakh bookings
The Tata Nano received over 203,000 fully paid bookings amounting to nearly Rs 2,500 crore (Rs 25 billion), Tata Motors said on Monday.
Why the time is not ripe to buy a home
One can look at property only if they have excess cash and the property value is only a minor part of the investment portfolio, say investment experts.
The pigs are safe
Unlike bird flu that killed a large number of birds before affecting human beings, swine flu affects only humans.
The best small savings schemes
The high safety levels coupled with the attractive returns make small savings schemes a 'must-have' proposition for most investors.
Nathu La trade resumes amid much fanfare
The fourth edition of the annual border trade at the Sino-Indian frontier in Sikkim resumed on Tuesday after a six-month long winter break.
How commodity trading can make you rich
Trading in commodities is just as risky as trading in the stock market. You can make the same amount of profit, if not more, from it.
Global reform? Indian regulatory model ideal
As nations across the world make reshaping the financial services industry a key priority in their efforts to put the global economy back on track, they are likely to take a leaf out of the regulatory models of countries like India.
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| May 4, 2009 | |
All about the New Pension Scheme
So, last year, the government decided to go ahead by allowing the NPS Trust to enter management agreements with fund managers. What benefits does the NPS offer? Who is eligible? Check it out.
Ambani chopper sabotage: 2 arrested
Uday Warikar and Balraj Phevar, employees of Air Works India Engineering Pvt Ltd that maintained Ambani's helicopter, were arrested on Monday and sent to police custody till May 15. The two were technical helpers at Air Works.
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| April 30, 2009 | |
World's top 10 buyers & producers of gold
The top gold consuming countries are India, China, USA, Turkey, Saudi Arabia, UAE, Russia, Vietnam, Egypt and Italy, while the top ten gold producing countries are South Africa, United States, Australia, Canada, China, Indonesia, Russia, Peru, Uzbekistan and Ghana.
Tips to help you choose the right car loan
Here are few important guidelines, which will help you with the process of getting a car loan
Phew! No swine flu in India, but economy to be hurt
India has not reported any suspected case of deadly swine flu so far and the country has 'tremendous capacity' to deal with the situation in the event of an outbreak of the influenza, the World Health Organisation said on Thursday.
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| April 28, 2009 | | Ambani chopper sabotage: Key witness dead
Bharat Borge, the man who found pebbles in the fuel tank of industrialist Anil Ambani's helicopter, was on Tuesday found dead on railway tracks between Vile Parle and Andheri suburban stations, Railway Police said.
Bangalore best Indian city to live in, says Mercer survey
Bangalore has emerged as the best Indian city among New Delhi, Mumbai and Chennai in terms of better quality of living for expatriates, according to a latest worldwide survey of cities by global HR consultancy Mercer.
What is swine flu? How it can hurt economy
The world economy which has just begun to show signs of a feeble recovery might now slip deeper into recession with the outbreak of the deadly swine flu. A widespread outbreak could batter the tourism, hospitality, travel, food, transportation and other sectors globally.
You can soon track your credit score!
The RBI has given in-principle nod to a system through which you can access your credit reports from 2010.
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| April 27, 2009 | | CBI on how the Satyam fraud was pulled off
The financial fraud perpetrated by the founders of Satyam Computer Services was executed through a well-planned accounting system that used as many as 7,561 fraudulent invoices worth Rs 5,117 crore (Rs 51.17 billion) to inflate the company's sales, the Central Bureau of Investigation alleged Monday.
Narayana Murthy's 5 success mantras for entrepreneurs
N R Narayana Murthy, co-founder and chief mentor of Infosys Technologies talks about the best business decision he ever made, the reason why the core Infosys team has been together for all these years, the Satyam fiasco, what money means to him and what aspiring entrepreneurs need to succeed.
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| April 25, 2009 | | Is the IMO conning India?
Trade unions and NGOs working in the fields of workers' rights, human rights, environment and health have complete lack of faith in the proposed UN treaty on ship breaking/ ship recycling through the International Maritime Organization, a UN body, because its objectives are regressive in nature.
Bandra-Worli sea link to open by May-end
Mumbai's transport system will get a major boost with the Rs 1,300-crore (Rs 13-billion) Bandra Worli Sea Link all set to start functioning by May end.
'Entrepreneurship is like doing 5 MBAs'
Seclore Technologies, a Mumbai-based has developed a technology, which allows information shared with people and companies to be remote controlled.
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| April 24, 2009 | | Here comes Maruti Ritz, the global car!
After the successful launch of Swift and A-star, Maruti will unveil a new hatchback called Ritz by mid-May 2009. Suzuki's Ritz, which was showcased at the 2007 Frankfurt Auto Show, has become popular in other global markets under the name Splash.
Tips to manage growth
Many Indian companies are restructuring their businesses to combat the current economic slowdown.
Why protectionism can be disastrous for US
'Bad times are the times when we have to show our hard work, our determination and our talent'.
'In India, articulation is mistaken for accomplishment'
'Bad times are the times when we have to show our hard work, our determination and our talent'.
Meet Cisco, the consumer company
With its recent acquisitions, Cisco is positioning itself to be a big player in home entertainment.
Get a land loan in 6 easy steps
You need specific documentation and must fulfill certain conditions before your home or land loan can be processed. Here we take you through it, step by step.
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| April 22, 2009 | | These cars are in great demand!
Maruti Suzuki's Swift Dzire sedan and Swift hatchback, Mahindra & Mahindra’s utility vehicle Xylo and Hyundai's i20 have long waiting lists that have their manufacturers struggling to increase production.
rediff.com:Twinings: Converting green to gold
Twinings has opened up the green tea segment in the fight for the top end of the tea market.
Wipro Q4 net up 15% at Rs 1,010 cr
Software firm Wipro Technologies on Wednesday said it has reported a 14.77 per cent rise in consolidated net profit at Rs 1,010 crore (Rs 10.10 billion) for the fourth quarter ended March, 2009.
Meet Aneesh Chopra, America's first CTO
As Virginia's secretary of technology, Aneesh Chopra expanded high-speed Internet. He now will be U.S. Chief Technology Officer.
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| April 17, 2009 | | India: A growing link in the global supply chain
A look at the nation's success stories, and the challenges that persist, in autos, oil, power, steel, and electronics.
Feisty fighter Nusli Wadia
At 65, Nusli Wadia has given up many things. What he hasn’t given up are his few friends. Plus, of course, the badge of honour he has always been known for: A feisty fighter.
How Section 80C helps you save tax
a little bit of thought in terms of where your investments are made can help you a lot in reducing if not completing eliminating your tax liability.
Book profits to build wealth
Profit-booking is an important part of investment. And there are a couple of ways one can book profit.
China's GDP growth slows, will India overtake?
China’s economy grew by 6.1 per cent, in first three months of 2009 its lowest rate in over a decade.
Have cell phone, will talk!
A cellphone has become such an ubiquitous part of our lives that we reach out for it at every possible occasion.
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| April 16, 2009 | | Nooyi on her toughest decision & her Pepsi family
In response to a question by Asia Society president Vishakha Desai on whether her being a woman makes a bigger difference in her leadership style or is it that being an Indian she considers every PepsiCo employee a part of her family where she is the matriarch, Nooyi said: "I do not know if I can separate the two. But the way I approach this job I just look at people in PepsiCo as part of my family and I am the matriarch of the family."
Recession will be long and severe: IMF
The International Monetary Fund said on Thursday that the current global recession, the worst after World War II, is likely to continue for a longer duration and the recovery would be sluggish.
'This (slowdown) is perhaps one of the worst times'
For 2009-10, the company, for the first time, said it expected a drop in earnings per share. And, for the first time, it is giving no promise on hiring. S (Kris) Gopalakrishnan, MD and CEO of the Bangalore-headquartered company, talks of the road ahead with Bibhu Ranjan Mishra and Ravi Menon.
Inflation falls to a record low of 0.18%
The inflation has further fallen to 0.18 per cent for the week ended April 4 from 0.26 per cent in the previous week.
CBI: Raju's family made Rs 715 crore!
Between 2001 and 2009, when the accounting fraud was being orchestrated at Satyam, its founder B Ramalinga Raju and his kin made Rs 715 crore (Rs 7.15 billion) by 'intelligently' offloading Satyam shares, according to the Central Bureau of Investigation.
China's incredible City of Dreams
Macau's latest entertainment resort, the City of Dreams, will feature the world's first underwater casino.
Signs of our worst financial crisis
The world is in the grip of a severe economy crisis and there are telltale signs of recession everywhere.
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| April 15, 2009 | | The stunning new Delhi airport
The commercial operations of the new domestic departure terminal of Indira Gandhi International Airport in New Delhi will commence from April 19.
Your financial strategy for today
With all asset classes under stress, you need to have a sound strategy to survive these tough times.
Third Front govt = lower GDP growth?
A government without the Congress or the Bharatiya Janata Party may not last, and may reverse policy. But investors will also keep in mind the economy's intrinsic strengths.
Smart ways to be financially aware
Financial education can be defined as the process by which financial consumers/investors improve their understanding of financial products, concepts and risks and, through information, instruction and/or objective advice, develop the skills and confidence to become more aware of financial risks and opportunities, to make informed choices, to know where to go for help and to take other effective actions to improve their financial well-being.
RBI knows banking better than US Fed: Stiglitz
Nobel laureate Joseph Stiglitz complimented the Reserve Bank of India last week for resisting pressures to deregulate the banking sector.
Infosys FY09 net up 29%, raises red flag for FY10
In the boom, India managed a few years of 9 per cent economic growth. That led some to imagine the tiger could catch up with the stellar Chinese economy, which was growing at double-digit rates. Well, not anymore.
Short-term job prospects bleak in India
Job prospects are going from bad to worse as majority of job consultants in a survey projected a bleak outlook for the next three months.
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| April 13, 2009 | | Volkswagen's big plans for India
In the boom, India managed a few years of 9 per cent economic growth. That led some to imagine the tiger could catch up with the stellar Chinese economy, which was growing at double-digit rates. Well, not anymore.
Facelift for Mumbai, no more Satyams: PM
Hailing Mumbai as a symbol of new India's hope, Prime Minister Manmohan Singh said on Monday that terrorists wanted to destroy the dream of transforming Mumbai into a truly global city but they will never succeed.
How Tech Mahindra won the Satyam bid
The tech firm will pay Rs 1,757 crore to buy out 31 per cent Satyam stake.
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| April 08, 2009 | | India's 25 best employers
These organisations care about how people are treated at work and reap their reward in the form of excellent business results.
Shocker! Tax refunds being diverted to fake accounts
Meticulous and diligent tax payers waiting for refunds at the end of the financial year are in for a shock.
The economic promises of Congress, BJP, Left
As the election campaign gains momentum, the Congress, the BJP and the Left parties are emphasising the need of cutting taxes, waiving loans, pushing reforms, offering food subsidy and reviving the economy to woo voters.
World's top tax havens that hoard billions!
Offshore tax havens, spread by new computing and telecommunications, provide an unprecedented tax shelter, enabling rich citizens and corporations to escape the national tax system.
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| April 03, 2009 | | More exciting than bank FDs
Some financial institutions have customised their deposit schemes. Here's how you can use this to your advantage.
Borrow? No. We can give money to IMF: PM
Prime Minister Manmohan Singh told the global community that India is willing to increase its contribution to the International Monetary Fund but does not intend to borrow any money from the multilateral lending agency.
Bengal dreams of getting the Nano back
A ray of hope has been rekindled for the Nano factory in West Bengal with Tata Motors confirming that it was ready to discuss the Singur land issue with the West Bengal government.
Now, a robot that can read your mind!
The Japanese carmaker is working on technology to control a robot by the power of thought alone. So far, Asimo can obey four commands.
The H-1B visa rush is on!
On April 1, the US Citizenship & Immigration Service (USCIS) began accepting applications for H-1B visas for skilled workers. The number of applications will reveal US employers' current appetite for overseas workers.
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| April 02, 2009 | | G-20: Out to rescue global economy
India, along with France and Germany, is pitching for stronger regulation and improved supervision of the financial system to prevent a repeat of the current crisis.
Mumbai, Delhi among world's 10 costliest cities
The country's financial hub, Mumbai, and the National Capital New Delhi are among the world's 10 most expensive cities for expatriates to live in, says a survey by global HR consultancy Mercer.
Marketing lessons from the Nano
Cash-strapped Tata Motors is using unconventional tools to promote the car. Will that help build long-term equity for the brand?
Maruti 800: Story of a little giant
The iconic Maruti 800, which stood as the symbol of pride in the garages of millions of Indian homes for years together is set to bid goodbye.
$9 billion! That's how much India will save with the RIL KG D-6
'It will reduce our oil import bill by about $9 billion annually during peak production at current prices,' Petroleum Secretary R S Pandey said, adding that gas sales over the 11 year-life of the field will generate $42 billion in revenue.
Sensex booms, crosses 10,000 level
The market breadth is exremely positive - out of 2,393 stocks traded so far, 1,822 have advanced, 494 have declined and the rest are unchanged.
Inflation at 0.31%; deflation risk persists
Inflation in India drastically fell to a 30-year low of 0.27 per cent in the second week of March as food and fuel items turned cheaper, prompting analysts to say that rate of price rise would soon turn negative.
The Nano's on display here
Mumbaikars finally got to see the Nano at close quarters.
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| April 01, 2009 | | PM's message at G-20: Shun protectionism
Prime Minister Manmohan Singh has urged the world economies to continue with stimulus packages till 2010 and avoid all kinds of protectionism, including in the financial sector, to battle the global economic slowdown.
G-20: Why people are protesting
Thousands of people are protesting against the G-20 summit in London.
Readers' choice: India's top 10 banks
Indian banks have been largely insulated from the financial crisis that is wreaking havoc.
Interesting home loan options
The most important factor about a home loan is the serviceability of the equated monthly instalment. For the convenience of the customers, many banks have come up with products that can suit an individual’s needs.
Faces of the global meltdown
The global financial meltdown has devastated many an economy. It has wiped out trillions of dollars in global investor wealth. It has rendered millions jobless. Here are some pictures telling the recessionary tale. . .
Tata will make Nano in Singur: West Bengal official
West Bengal on Wednesday claimed that the world's cheapest wheels, Nano, will be made in Singur, although car maker Tata Motors had stomped out of the eastern Indian state in a huff last year.
World Bank paints picture of doom
The GDP growth in the developing world will slow to a projected 2.1 percent in 2009 from 5.8 percent in 2008, according to the latest World Bank estimates.
The Google strategy for India
The GDP growth in the developing world will slow to a projected 2.1 percent in 2009 from 5.8 percent in 2008, according to the latest World Bank estimates.
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| March 31, 2009 | |
Buying a car? Great bargains available
If you're planning to buy a car, now's the time to head for a dealer. With the financial year ending, there are many value bargains to avail of.
India's 13 most debt-ridden states
You will be surprised to learn that Orissa has a lower debt burden than Gujarat
Settle it over pillow-fight: Time tells Ambani brothers
If you're planning to buy a car, now's the time to head for a dealer. With the financial year ending, there are many value bargains to avail of.
Settle it over pillow-fight: Time tells Ambani brothers
If you're planning to buy a car, now's the time to head for a dealer. With the financial year ending, there are many value bargains to avail of.
'In 2009, India, China could account for 100% world GDP growth'
Anil Gupta, professor at Smith School of Business and author, argues that multinationals have to realize that China and India are actually transforming the structure of the global economy.
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| March 30, 2009 | | Swiss bank money led to stocks boom: Modi
Gujarat Chief Minister Narendra Modi on Monday said that the permission granted to Swiss banks to invest in the Indian stock exchanges should be withdrawn to check black money.
America's loss is world's gain!
Vivek Wadhwa has co-authored a report, 'America's loss is the world's gain', with inputs from scholars from University of California Berkeley and Harvard University as well as the National Bureau of Economic Research, following a two-year research that included interviews with over 1,200 returnees of Indian and Chinese origin.
Hyderabad airport among the world's top 10
In the boom, India managed a few years of 9 per cent economic growth. That led some to imagine the tiger could catch up with the stellar Chinese economy, which was growing at double-digit rates. Well, not anymore.
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| March 27, 2009 | | Businessmen in Parliament
Here's is a look at prominent businessmen in parliament.
Management lessons from Battle of Plassey
India is no stranger to wars. And there are many lessons to be learnt from each of those battles -- management lessons, to be precise. Here we present the third in a series of articles on management lessons drawn from Indian history. This one picks out management gems from the Battle of Plassey.
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| March 26, 2009 | | G-20: Three pillars US, India will work on
There are at least three pillars that the United States and India will endeavour to work on during the G-20 Summit in London, where President Barack Obama and Prime Minister Manmohan Singh will meet for the first time on April 2, according to senior Administration officials.
IBM to fire 5,000 US workers, India to gain
The technology giant has been steadily building its work force in India and other locations, while reducing the number of employees based in the US.
Inflation at 30-year low of 0.27%!
Inflation in India drastically fell to a 30-year low of 0.27 per cent in the second week of March as food and fuel items turned cheaper, prompting analysts to say that rate of price rise would soon turn negative.
Why the Nano is profitable
Some of the biggest and the best component suppliers in the business were roped in, with scissors and ingenuity to bring out solutions within a specified cost structure.
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| March 25, 2009 | | Congress poll promise scares economists
A section of economists have described the electoral promises of Congress as populist, which if implemented, will increase food subsidy and public debt.
My first drive in the Tata Nano!
The Nano is a very thoughtfully designed piece of kit, with an agreeable level of fit and finish.
Eco-tourism: Here's how they plan it in J&K
Taking a cue from Karnataka, Jammu and Kashmir is set to promote eco-tourism which will give tourists myriad experiences of the countryside while helping locals living in remote areas.
Nano: People's voices on the people's car
Rediff.com spoke to a few people in the capital to get their take on the Nano: a businessman who already has five cars in his garage, a motorcycle enthusiast with a beat on two wheels that costs as much as the Nano, a cab operator, and that particular family that triggered the idea in Ratan Tata's mind, the Indian middle class family with mum-pop and two kids precariously balanced on the scooter.
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| March 23, 2009 | | What Tata Nano can teach US carmakers
As the commercial model of India's microcar is unveiled, US carmakers would do well to learn from the innovations that brought it about.
Tata Nano hits the road
As the commercial model of India's microcar is unveiled, US carmakers would do well to learn from the innovations that brought it about.
West Bengal regrets losing Nano
West Bengal Chief Minister Buddhadeb Bhattacharjee blamed the Trinamool Congress for the flight of what would have been his state's dream project.
The remarkable Tata Nano journey
It was the plight of middle class families traveling by scooter with kids that prompted Ratan Tata to think about a 'people's car'.
India to grow at 6.7%, says Montek
Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission, says that despite the worldwide recession and financial crisis he is optimistic that India's growth rate is going to be somewhere around 6.5 to 6.7 percent in the fiscal 2008-2009.
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| March 21, 2009 | | India: Battleground for super-premium cars
Japanese, European and Korean car makers have a new battleground for their super-premium cars: India.
What everyone is saying about the Nano
With the countdown now at a couple of day (and a odd few hours), the excitement is palpable. We thought this would be the right time to let you in on what people are saying about the most awaited car in the world… the Nano
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| March 20, 2009 | | When IIT-ians go nostalgic
The historic Tata Motors journey
Established to manufacture locomotives and other engineering products, Tata Engineering and Locomotive Co Ltd started its journey way back in 1945.
10 cars that may change the way we drive
The annual Geneva Motor Show is a showcase event where concept car designers display their vision for the future. Here's a look at 10 cars from the show that reveal a greener--and more expensive--future.
The noise-less tyre from Michelin!
Michelin has launched of the new Michelin Primacy LC tyre, a tailor-made product which effectively reduces driving noise and offers increased fuel efficiency.
Why the US is losing foreign graduates
A new report says foreign science and engineering graduates are leaving the US to start companies at home. Could a US policy fix keep them here?
UK credit card details on sale in India!
Revealing a case of data theft by a call centre employee in India, a United Kingdom-based media group has unearthed a racket allegedly involved in selling credit card details of British customers in New Delhi.
A CEO at 16, now a millionaire!
From a humble beginning in a garage with just 5 employees, Indiagames has come a long way.
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| March 18, 2009 | | The amazing Sloka Telecom story
Founded in 2004, the Bangalore-based Sloka Telecom develops one of the most compact and cost-effective base stations.
US alone can lead economic recovery: Mittal
India and the United States should further strengthen economic ties amid the tumultuous global economic conditions despite rhetoric coming out of Washington in favour of protectionism, Bharti Enterprises chairman Sunil Mittal, who is heading a visiting CII delegation in New York, said on Tuesday.
Why India is no match for China now
In the boom, India managed a few years of 9 per cent economic growth. That led some to imagine the tiger could catch up with the stellar Chinese economy, which was growing at double-digit rates. Well, not anymore.
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| March 17, 2009 | | The Nano's here! Who will it impact most?
The world's cheapest car begins the final lap to launch.
AIG's 'bonus from bailout money' angers Obama
US insurance giant AIG's plan to give massive bonuses of $165 million to its executives has drawn flak from the White House leaders, with President Barack Obama vowing to pursue legal measures to block these payments.
Trouble! NRI remittances may fall
According to a study conducted by the Reserve Bank of India, remittance flows to India could be impacted due to a decline in income of migrant workers on account of reduction in wages or job losses following a recession in many developed countries, and slowdown in emerging markets.
'India needs more product innovations'
Kapil Bardeja and Anoop Prabhu saw a huge opportunity in developing efficient and reliable products for vehicle security.
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| March 16, 2009 | | Billionaire toys on sale!
With the global economic downturn making holes in the pockets of billionaires, the rich of the world are out to dispose all their costly belongings.
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| March 13, 2009 | | 'Sorry' Madoff may get 150 years in jail
Disgraced Wall Street financier Bernard L Madoff was sent to jail after pleading guilty to swindling his clients of billions of dollars in a Ponzi scheme which he ran for years.
A completely employee-funded company!
Meet Bishal Lachhiramaka who believes that India needs more entrepreneurs, who can lead the next wave of the innovation revolution.
Now, an iPod that talks to you!
Apple calls it the world's first talking music player.
Hope in hard times
An Ernst & Young global survey seeks out the opportunities in the present economic crisis that companies across the globe can make the most of.
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| March 12, 2009 | |
It's all about money honey!
One of the great puzzles is that the world's most successful capitalist economy -- the US -- seems to be built on the foundation of easy economic failure.
The 24 richest Indians
Reliance Industries chairman Mukesh Ambani and NRI steel baron Lakshmi Mittal lead the dwindling number of Indians in the Forbes' list of world's richest people.
Management lessons from Chanakya
India is no stranger to wars. And there are many lessons to be learnt from each of those battles -- management lessons, to be precise. Here we present the third in a series of articles on management lessons drawn from Indian history. This one picks out management gems from the role of the redoubtable Chanakya in the rise of the Mauyra empire.
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| March 10, 2009 | | Pachauri to lead Yale climate institute
One of the world's foremost climate change experts, Rajendra K Pachauri will lead the newly established Yale Climate and Energy Institute, Yale University President Richard C Levin has announced.
India's 10 most trustworthy companies
The Tata Group has emerged as the most trustworthy Indian company/business group on financial reporting in a poll conducted among domestic investors.
Hiring: Indian firms still most bullish
India has emerged as the most optimistic nation for hiring globally but recruitment plans for the next three months of the year are considerably weak as employers remain hesitant about adding new employees at this time, global staffing services firm Manpower says.
Why Vivek Kundra will make a great US CIO
As America's chief information officer, Kundra sees his job as the following: The United States is engaged in two wars, the economy and healthcare, where technology can make a real difference.
Why it is time for India to innovate
Shyam Saran, Special Envoy of Prime Minister Manmohan Singh and former foreign secretary, spoke on the geo-political consequences of the current financial and economic crisis in Delhi recently. Here we present the first part of his speech that gives a deep insight into and astute observations on global recession, the role of United States, China and India, etc.
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| March 09, 2009 | |
Warning! Future innovations are leaving the US
When smart, young, foreign professionals in science and technology fields leave the US, they take with them the seeds of tomorrow's innovation.
The very useful joint home loan
This article explores the advantages a joint home can bring to couples as opposed to opting for an individual loan.
Recession: Why US is tilting towards China
Shyam Saran, Special Envoy of Prime Minister Manmohan Singh and former foreign secretary, spoke on the geo-political consequences of the current financial and economic crisis in Delhi recently. Here we present the first part of his speech that gives a deep insight into and astute observations on global recession, the role of United States, China and India, etc.
World's 10 most admired companies
Apple is the world's most admired company, followed by Berkshire Hathaway and Toyota.
The secret behind Aegis BPO's success
Aegis has acquired 11 companies during last 4 years.
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| March 07, 2009 | | Jodhpur's Omelette Man
There's something rather allegorical about people who do just one small thing all their lives, but do it better than anyone else.
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| March 04, 2009 | | Rolls Royce unveils a new stunner
Rolls-Royce Motor Cars unveiled its latest experimental car, called 200EX, at the Geneva Motor Show on Tuesday.
Next Silicon Valley is emerging in India
Developing countries like India, China and Brazil may soon become Silicon Valley's new address as their receptiveness to new ideas in technology devices and networked services will encourage high-tech companies to test new service offerings in these emerging markets, a study said.
India's pride: The world's first six-core microchip!
Meet Ravishankar (Ravi) Kuppuswamy, Design Manager, Dunnington who helped bring the world's first six-core microprocessor to production.
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| March 03, 2009 | | Why India needs better homeland security
The November 26 terror attack on Mumbai has directed the undivided attention of the private sector and the government agencies to the need for a better homeland security apparatus.
Volkswagen Beetle to hit Indian roads in Oct
Volkswagen plans to launch the original 'people's car' Beetle in India by October and the Polo hatchback by early next year.
Must-read entrepreneurial tips
Michael Dell is the most profitable PC manufacturer in the world. He is worth $17.3 billion and is ranked No 11 on Forbes’ richest Americans list. Here are his success mantras.
Why skilled Indians are leaving the US
New research shows that highly skilled workers are returning home for brighter career prospects and a better quality of life.
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