Business

Opulent Lies

Hedge Fund Manager Neil Godbole is fined by the SEC for defrauding investors

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.

Race To The Top

What Sets China and India Apart?

$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.

Lead U.S. Scientist

Suresh earlier served as dean of the MIT engineering school.

Capitalism vs. Altruism

SKS Rekindles the Microfinance Debate.

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

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.

Group Buying Sites

Strategy of the Future or Too Good to Be True?

India Hikes Interest Rates

India’s central bank raised a key interest rate for its short term loans to banks for the fifth time this year, signaling its intentions to

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

Hi Tech Mahabharata

Morrison says, “All technology should consider embracing some of this retro-Indian-steam punk aesthetic.”

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

Japan, India Plan Free Trade Agreement

Japan and India plan to sign a free trade pact that will scrap tariffs on 94 percent of traded goods over the next decade.The agreement

Sahara Group Bidding for MGM

The iconic studio with a roaring lion logo is struggling with its $4 billion debt.

World’s Richest?

Ambani currently ranks 4th on Forbes’ list

India’s Online Booksellers Try to Write a New Chapter

I think online retail is as challenging a deal as changing people’s breakfast habits to accept cold breakfast

Immigration Reprieve

Yves Gomes’ case has been highlighted by pro-organization groups to illustrate the unfairness of U.S. immigration policy.

Room With a Due

Eight five-star hotels in New Delhi are behind almost $120 million in rental payments to the government, according to an investigation by Tehelka magazine

Racist Rant

Mike Pompeo said the link was mistakenly posted on the Pompeo for Congress website and then tweeted.

World’s 2nd biggest Spammer

India accounts for nearly 1 in 8 spams worldwide, making it the world’s second biggest spammer, behind the U.S., which accounts for almost a  quarter

Soros Buys Into Bombay Stock Exchange

Billionaire George Soros’ Quantum hedge fund has purchased a 4 percent stake in the Bombay Stock Exchange for $32 million. The deal values Asia’s oldest exchange,

India Blocks Vedanta Mining Project

Citing human rights and environmental violations, India’s environment ministry has barred Vedanta Resources, led by Indian billionaire Anil Agarwal, from mining bauxite for its alumina

Srinivasan Leaving Yahoo!

Yahoo’s editor-in chief Srinija Srinivasan is leaving the company she helped found to focus on jazz. Srinivasan, 38, who joined Yahoo in 1995 as its fifth

CBS Ambani Network

Both companies will have a 50 percent stake in the network.

Make My Trip Soars

The company raised nearly $70 million from the IPO

Visa Fee Hikes

A new law raises the fees for H1B and L1 visas by almost $2,000 for companies over half of whose employees use work visas.

Opulent Loss

As two Bay Area hedge funds melt down, nearly 100 Indian investors sue former Navin Mail CEO & Founder Vishwas Godbole and his children for orchestrating a $20 million fraud.

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