Business
Nicht Deutsche?
Anshu Jain’s elevation as head of investment banking at Deutsche Bank, putting him next in line for the bank’s top job, is raising eyebrows in
Asian Millionaires Boom
Asian millionaires have overtaken their European counterparts for the first time. According to a report by Merrill Lynch Wealth Management and Capgemini, the wealth of Asian
IPL Owners Want Salary Cap Raised
Indian Premier League franchise owners want the salary cap in the Twenty20 league raised by $2 million to $9 million. The number of teams in the
Richest Malay Indians
Telecom giant Ananda Krishnan, ranked second on the list.
Gulf Overtakes North America In Remittances To India
The share of remittances from the Gulf regions grew during the global economic crisis in 2008-2009 and declined from North America and East Asia.
Output Growth Slows
India’s industrial output growth rate continues to slow. Output grew 15.1 percent in February, below January’s 16.7 percent growth and December’s peak at 17.6 percent,
Rajat Gupta On Galleon Tapes?
The widening circle around Galleon Group hedge fund billionaire Raj Rajaratnam, who has been charged with insider trading, might have ensnared former McKinsey Managing Partner
Outsourcers Rebound
Net profits at Tata Consultancy Services Ltd., India’s largest outsourcing company, grew 29 percent to almost $1.45 billion in the fiscal year ending March 2010.
End of the Third World
With the rise of China, India and Brazil, it is time to drop the use of the term “Third World” to categorize developing countries, according
Priceless Banga
MasterCard Inc has elevated Ajay Banga to chief executive officer, just 10 months after recruiting him from Citigroup as president and chief operating officer. Banga,
KSU MBA Program In India
Georgia’s Kennesaw State University is set to launch India’s first executive M.B.A. program in collaboration with an American university in Mumbai next fall. The venture
Turbines In India
GE is aggressively courting the Indian market, including a healthcare joint venture
Abbott Buys Piramal
Chicago’s Abbott Labs has bought the domestic healthcare business of India’s Piramal Healthcare Ltd., for $3.72 billion. The deal makes Abbott the largest pharmaceutical company
Let’s Make An Ambani Deal
Peace between the Ambani brothers?
3G Auction
$14.6 billion for India's 3G mobile spectrum.
Buffet Has Ajit’s Back
Warren Buffet again raves about Ajit Jain, head of Berkshire’s reinsurance business, who is often tipped as Buffet’s successor
Mahindra Reva
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H-1B Workers Earn More Than U.S. Workers
A University of Maryland study reports that contrary to widespread belief foreign workers earned more than U.S. tech professionals. The study “Are Foreign IT Workers Cheaper? U.S. Visa
Start Up Visa
Immigrant entrepreneurs who are able to line up $250,000 in investment will become eligible for a new two year visa under a bill proposed by Senate Foreign
Gender Gap
India has the fewest women employees among 20 countries surveyed in the World Economic Forum Corporate Gender Gap 2010. The United States (52%), Spain (48%),
Renault Nissan
Renault and Nissan have established a joint car factory in Chennai that is expected to manufacture 400,000 vehicles a year by 2015. Production of Nissan’s new sub-compact
Second Best Stock Returns
With a 200% return over the past six years, Indian stocks had the second highest return for investors in Asia. At the end of 2009, the Sensex
India Hikes Rates
The country’s Wholesale Price Index rose 9.9 percent in February and may top 10 percent in March
IMG Targets Indian Sports
IMG is also behind the Indian Premier League.
Indian Investment In US
India and the United Arab Emirates are the fastest growing investors in the United States. According to Under Secretary of State for Economic, Energy and Agricultural
Domino’s Pizza
India is its fastest growing market.
Indian Billionaire Seeks To Buy Out Astro
Maybank Investment Research said in a report the offer price was above fair value and attractive
$31 Million Scam
A 46-year-old chief accounting officer at an audio company has been indicted for embezzling $31 million. Sujata “Sue” Sachdeva, former vice president of finance for
Air India Gets Bailout
Air India is reeling under a $8 billion debt load.
Hiring Frenzy
Tata Consultancy Services, Infosys, and Wipro expanded their global workforces by an average of 5.1 percent last quarter.
Frosty Vibes at Chatwal's Ava Lounge
A federal lawsuit accuses two upscale bar lounges in Sant Singh Chatwal's Dream Hotel of labor law violations.
U.S. Tata Nano?
Tata Motors is reportedly toying with a $5,000 version of its Nano car for the U.S. market. The Nano, which scrambled the Indian small auto market with
