Business
India Outpaces China?
India’s growth outpaced China for the first time, according to IMF’s latest World Economic Outlook. India grew by 10.36% in 2010, a tad higher than
Kayem Mayhem
An Indian drug company, criticized by activist groups opposed to the death penalty, has pledged to stop selling chemicals used for lethal injections to American
BPO to top $1.4 Billion
India’s business process outsourcing market will top $1.4 billion this year, representing a 23 percent growth from last year, according to a study by the
Extorted Affair
The agency denies that the official had an affair.
Nobel Laureate Ousted
Nobel Laureate Muhammad Yunus has been ousted from the pioneering microfinance lender Grameen Bank, which he founded three decades ago. Yunus, 70, was dismissed from
AOL Fires 90% Of India Staff
AOL has laid-off 90% of its Indian employees, reducing its Indian workforce from 1,000 to just 100 at its office in Bengaluru. The company is
The Next Big Indian Thing
9 of the 50 venture funded companies with the greatest promise to succeed in Wall Street Journal’s “The Next Big Thing 2011,” list have Indian
$2 Trillion Economy
The Indian economy is expected to grow to $6 trillion by 2020.
World’s Largest Arms Importer
India accounted for 9 percent of all international arms imports between 2006 and 2010. China accounted for 6 percent.
Wipro Super Computer
Wipro is building India’s fastest supercomputer for the Indian Space Research Organisation (ISRO). The supercomputer, which will be almost one-and-a-half times more powerful than India’s
Buffet-Gates Head To India
Billionaire philanthropists Bill Gates and Warren Buffett are headed to India as part of the “Giving Pledge” initiative to encourage India’s rich to pledge half
Scrapping Nano City
The Haryana State Industrial and Infrastructure Development Corporation is scrapping Hotmail founder Sabeer Bhatia’s dream project, Nano City. The public-private partnership project for a Silicon
FDI Dips in India
Foreign investors are shifting to more attractive emerging markets, such as Thailand and Brazil.
$2 Billion Tax Bite?
UBS claims the documents are forged and that he does not have any accounts or assets with them.
Indian Outsourcing Companies Think Strategy Even as Pressure Mounts
Indian outsourcing companies navigate political minefields in pursuit of growth.
Indian Staffing Firms Hog H-1B visas
India-based staffing firms hog a disproportionate share of H-1 B visas, according to a report by the Government Accountability Office. Just 10 staffing firms, six
H-1B Visa, Anyone?
11,000 H-1B visas still remain available this year, according to the figures released by the US Citizenship and Immigration Services (USCIS). The annual cap of
Asia’s First Tidal Power Plant
Gujarat is set to build Asia’s first tidal power project off the Gulf of Kutch. The mega marine power project by U.K.’s Atlantis Resources and
India’s Exports Boom
India’s merchandise exports rose 26.7% in the April-November semi annual period to $140.3 billion from a year earlier, putting the country on course to exceed
Masala
India is the world’s fifth largest coffee exporter and Starbucks will begin by sourcing coffee beans from Tata Coffee.
Taking Stock
Foreign investors pulled more than $1 billion from the Indian stock market in January as the Bombay Stock Exchange lost nearly 10 percent of its
Securities Board Fines Anil Ambani
Ambani, Satish Seth, S.C. Gupta, Lalit Jalan and J P Chalsani are accused by the SEBI of misrepresenting investments and annual reports from 2007 to 2009.
We Wanted to Reach Millions
Slideshare is considered the YouTube of Powerpoint presentations.
Capital Plight: What Drives Corruption In India?
Just 20% of people in India would be honest, regardless of the temptations, according to a former Central Vigilance Commissioner.
$1.9 Million Wrongful Hire
A federal jury this month has awarded a former Seagate Technology engineer $1.9 million in a wrongful employment case. Chandramouli Vaidyanathan claimed in his lawsuit
India, China Bolster U.S. Trade
The Obama Administration has set an ambitious goal to double exports over the next five years
$2 Billion Gift
Premji is the third richest Indian with an estimated net worth of more than $17 billion.
$462 Billion Heist
These “illicit financial flows,” says GFI, “were generally the product of corruption, bribery and kickbacks, criminal activities and efforts to shelter wealth from a country’s tax authorities.”
Hedge Fund Manager Fined by SEC for Concealing $14 Million in Trading Losses
Opulent Lite Manager Neil Godbole is barred from the securities industry for defrauding investors.
Offshoring Companies Take Political Hit
Democrats are denouncing the U.S. Chamber of Commerce’s political advertising campaign this election season for being funded by foreigners. A progressive policy group ThinkProgress has
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
