Business
India Third Largest GDP by 2025
India could have the world’s third largest GDP by 2025 if its present growth rate holds, according to Indian Prime Minister Manmohan Singh.
BPO Sector Exempt from Data Rules
The $14-billion Indian BPO industry has been exempted from tough new data protection rules introduced by the government.No Bites at Buffet
Warren Buffett insurance debut in India is sputtering. The company, which introduced online auto insurance policies in March, sold just 30 policies monthly between April to July.
Lists for Fools
The richest people and companies — such as Fortune magazine’s list of the world’s largest companies or the world’s richest — are atleast based on measurable criteria of wealth, and even they hit and miss, because not all assets are in accessible public databases.
My Summer at an Indian Call Center
Lessons learned: Americans are hotheads, Australians are drunks — and never say where you’re calling from.
Indian Exports to Top $300 Billion
India is aiming to top $300 billion in exports in the current fiscal year.
2011 Feels Like 1980 Again
Casting a glance back at how India appeared to the outside world just a few months ago is rather like looking at grainy footage of yesteryear: a booming economy, IT whiz-kids making waves all over the globe, top ranking in international Test cricket, the ICC Cricket World Cup in the bag, Bollywood on the roll.
Gurgaon: Corporate City
The once backwater village in Haryana is now littered with the campuses and offices of major multinational corporations of every stripe and industry.
Global Remittances
India topped global remittances again this year with $53.1 billion in inward remittances in 2010.
Emerging Global Retail Markets
India ranks as the fourth strongest emerging global retail market, according to A T Kearney, a global management consulting company.
Green Light
Retail behemoths Wal-Mart, Tesco and Carrefour are set to secure approval for setting up majority-owned stores in India.
Largest Indian Companies
Eight Indian companied, led by India Oil, have made Fortunes list of the world’s 500 largest companies
Opulence Lost
Opulent Lite Investment Manager Neil Godbole lived large as the fund was imploding, but has scaled back after it liquidated.
Infosys
Signaling a bullish outlook, Infosys, India’s second largest IT company after Tata Consultancy Services, says it plans to hire 45,000 new employees this year.
Payroll Kickback
An Indian American couple who fled to India has been indicted in what Preet Bharara, the United States attorney for Manhattan, dubbed “one of the
Climate Controlled
The company is set to launch a consumer line of wear, including jackets, shoes, scarves, gloves and elbow packs.
Infosys Scrutinized
The company is accused of exploiting business visitor visas, which are intended for visitors to attend meetings, conferences or install specialized equipment.
Strauss-Kahn Reveals Frustration In E-mail To IMF
Dominique Strauss-Kahn, who resigned last week as head of the International Monetary Fund in the face of sexual assault charges, told the fund's staff of his "profound sadness and frustration in having to leave under these circumstances" in an e-mail obtained by CNN.
BRiefs: Dakshina
Pandit received $16.5 million in stock and options and a $6.65 million cash payment from the company’s profit-sharing program for top executives.
Voter Punishes The Corrupt & the Arrogant
Almost one-third of Indians will now be ruled by women. With Mamata Banerjee and J Jayalalithaa storming to power on Friday in West Bengal and Tamil Nadu, they join two other women chief ministers, Mayawati and Sheila Dikshit, to administer 368 million, or around 30% of India's 1.2 billion population.
Employee Accuses Infy Of Misuse Of B-1 Visa Norms
The US may review its B-1 business visa programme following allegations by a local Infosys employee that the Bangalore-headquartered information technology (IT) company was misusing it to tackle H-1B visa restrictions.
India’s Anti-Poverty Programs Are Big But Troubled
India spends more on programs for the poor than most developing countries, but it has failed to eradicate poverty because of widespread corruption and faulty government administration, the World Bank said Wednesday.
Expensive Bite
Termites at an Indian bank gobbled up nearly Rs 10 million ($225,000) in paper currency held in a strongroom. “The branch management has been found guilty
‘Sher’ Share
India’s tiger population has grown 38% since 2006 to 1,706, according to a new tiger census released by the country’s environment ministry. The greatest growth
India Visa Fraud
U.S. Consulates in India are concerned with visa fraud, according to cables disclosed by Wikileaks.
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
