Fannie Mae Logic Bomb

Unix engineer indicted on charges of computer sabotage for planting the malicious code after he was fired from his job.

Chicago-area Doctors Charged With Fraud

Doctor secured private healthcare information on scores of patients and submitted fraudulent claims.

Banks Hit Over Foreign Hires

The largest banks that received taxpayer loans announced more than 100,000 layoffs.

IBM Offers To Move Laid Off Workers To India

IBM is pitching “Project Match” to those who are willing to work on local terms and conditions.

Stricter U.S. Visa Rules

H-1B visa reform legislation is tightening the screws on outsourcing companies.

Scandal at Satyam: Truth, Lies and Corporate Governance

The Satyam debacle will have an enormous impact on India’s business scene over the coming months.

A Sweet Exchange

Reflections on the Rupee - and candy.

Don't Duck Now

When the going gets tough, the tough don't skimp on their ad budgets

India's $4 Billion Stimulus

As President Elect Barack Obama weighs a $800 billion stimulus package, investors in India are cheering a $4 billion stimulus package by the Indian government directed at infrastructure projects and tax cuts.

India Plants Flag On Moon

"The tricolor has landed," proclaimed the Hindustan Times as a box shaped probe painted in India's saffron, white and green flag crash landed on the

India's FDI Up

Foreign direct investment to India ballooned to $2.56 billion in September, up almost 260 percent over the same month last year.While Indian equities are taking

Medical Tourism

In a bid to reduce costs, the Health insurer WellPoint Inc. is setting up a pilot program to send patients to India for surgeries.  An estimated

Be Your Own Financial Planner

Set/Revisit your GoalsTry to set SMART goals. These are goals that are Specific, Measurable, Achievable, Relevant, and Trackable. For example, you may want to create

Do Celebrity Endorsements Work?

Advertisers are pouring millions into celebrity endorsements. How much bang are they getting for their bucks?

Fired For An Hour

Jet Airways has hastily rescinded its orders laying off 1,900 probationary crew members to reduce costs. After angry fired employees marched through the airport terminal

Pakistan Taps Expats To Avoid Bankruptcy

Pakistan, seeking to stave off bankruptcy, is pleading for help from its expatriate community. The government, which has also turned to the International Monetary Fund,

93% Of Indian Bank Deposits Fully Safe

Even though India's Deposit and Insurance and Credit Guarantee scheme only protects just Rs 1 lakh ($2,000) in each account (compared to $250,000 that the

What Crisis?

In the grand scheme of things, says Michael Clemens, a scholar at the Center for Global Development, the current economic meltdown is nothing but a

Air India Seeks To Halve Workforce

India's state-owned carrier Air India, facing almost $800 million in loses this year, is seeking to trim its workforce by half.  The company says it

India's Stock Market Clobbered

India's benchmark Sensex tumbled 1,070 points, or 11 per cent, to close at 8,701 on Friday, Oct 24, its third biggest loss ever and its

Wipro, TCS Slip

The financial meltdown and a volatile currency markets has hit some of India's largest outsourcing companies. Tata Consultancy Services Ltd., reported profits of $256 million

Two Indias

India demands the equivalent of two Indias to sustain its consumption and waste needs. India's Ecological Footprint - the amount of productive land and sea

India Growth Boosts Western Union

Strong growth in India, the Middle East, and Philippines fueled money transfer agent Western Union's profits, despite declines in its U.S. revenues.  The company's profit

Read All About It

Outsourcing news operations overseas is being pitched as one solution to the crisis in America's newspaper industry.

Black Friday, Sweet Deals

Folks, the mother of all deals, Black Friday, is just around the corner.

The Reliance-Spielberg Blockbuster?

Anil Ambani takes a $500 million gamble with Hollywood's biggest star.

iPhone in India:

Has Apple Dialed the Wrong Number?

Indian Reserve Banks Intervenes in Global Crisis

The Indian Reserve Bank is pumping money to preserve the liquidity of India's financial markets in the wake of the global financial crisis. At the

India's First Deep-water Well

Reliance has begun pumping oil off the Bay of Bengal, which, the company claims, will boost India's oil and gas by 40 percent in under

Mob Murders CEO

Scores of irate dismissed workers bludgeoned the chief executive of an Italian auto parts factory to death outside NoidaLalit Kishore Choudhary, 47 CEO of Graziano

Ranbaxy's 9/11 Call

Indian drug manufacturer Ranbaxy has turned to former New York Mayor Rudy Giuliani (who Democratic Vice Presidential Candidate Rudy Giuliani mocked for constructing all sentences

India 75th Most Corrupt Nation In The World

Transparency International 2008 Corruption Perceptions Index ranks India as the 75th most corrupt nation in the world. Denmark, Sweden and New Zealand tied for the

Your Money Matters

Have you tightened your seat belt for the coming wild economic ride?

Indian Patents Double

Patent registrations in India doubled last year and have risen ten fold in the past five years.India's controller general of patents granted a 15,261 patents

NRI Students At IIM

The enrollment of NRI students in the Indian Institutes of Management has doubled in the past year. NRI enrollment at IIM Banglaore rose fivefold from

A $500 Million Call

The Pennsylvania attorney general is suing a Baltimore telemarketing company for the biggest single violation of the state's "Do Not Call" law.The state is charging

Essar To Invest $500m In Kenya

India's Essar Global Ltd., a $10 billion corporate giant, is investing $500 million in Kenya's newest mobile phone service operator, Econet Wireless Kenya Ltd., to

US Visas

The number of U.S. visas issued to Indians is expected to top a million by the end of the decade.Last year, the U.S. issued 760,000

The "India Option"

In the past, India's best and brightest routinely looked to the U.S. and other Western countries for jobs following graduation. Today, however, the "brain drain" seems to be reversing: According to placement figures at the Indian Institute of Management (IIM) in Bangalore, 75% of this year's graduating class opted for jobs in India.

The Bean

Cloud Gate, nicknamed "The Bean," a public sculpture by British artist Anish Kapoor in Millennium Park in Chicago. The 100 ton stainless  steel structure, 33

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