LIFS
Reliance Raises $1.5B in Bonds
Reliance Industries’ U.S. subsidiary, Reliance Holding USA Inc., has raised $1.5 billion in bonds in India’s largest-ever corporate bond sale. The offer was nearly 7.8
Sales rise 50% in India
Strong demand in India and China led to a 40 percent growth in sales in Asia-Pacific and Africa in the first three quarters for Ford
Foreign Investors
Lured by a booming stock market, foreign investors have poured $28.5 billion into Indian stocks in the first nine months of this year, more than
Indian Hunger
The Food Policy Institute has ranked India at the near bottom of its Global Hunger Index, accounting for almost 42 percent of the world’s underweight
29 Million Cigarettes
Ghalib Shahjamaluddin, 43, is charged with paying an undercover investigator $4.3 million.
U.S. Partner Sues Mahindra
Global Vehicles USA is suing Mahindra for terminating its contract in June after it spurned a takeover offer.
Tech Innovators
Three Indian entrepreneurs delivering high speed wireless internet services, educational farming videos and interfaces for the illiterate are among 35 innovators “who exemplify the spirit
3rd Most Powerful Nation
US, Euro, Japanese and Russian power is expected to decline, while that of India and China grow by 2025.
Virgin Conviction
Shelley Malil, who played Haziz, a co-worker of Steve Carell’s character in The 40-Year-Old Virgin faces 16 years to life in prison following his conviction
Converse Recalls Jimi Hendrix Shoe
The shoes, which sold for $60 on Zappos, Eastbay and the Converse websites, are no longer available.
Hi Tech Mahabharata
Morrison says, “All technology should consider embracing some of this retro-Indian-steam punk aesthetic.”
Indian Student Drop In Australia
The number of international student visas dropped 16 percent.
Attacking Gold
Melinda M. Soto, who pleaded guilty, said the crime ring netted $500,000 in gold and other valuables.
Swastika Furor
A tapestry featuring a Hindu swastika at a children's museum in Irvine, Calif., stirs a controversy.
Oh! Heaven! Seventy Seven
India ranks 77 in Forbes’ annual list of Best Countries for Business list, ahead of China, which ranks 90.The U.S., which has been battered by
NRI Taxation
A new bill pending in India’s parliament proposes to tax NRIs on their global income if they spend more than 60 days in a year
Suzuki Plans Third Auto Plant
Suzuki is planning a third vehicle plant with annual production capacity of 250,000 in India to meet exploding demand. Suzuki holds a controlling 54 percent stake
$2.6 Billion Tax Bill For Vodafone
An Indian court has assessed $2.6 billion in taxes for Vodafone’s 2007 acquisition of one of India’s largest mobile phone companies.The Bombay High Court
