The company is accused of exploiting business visitor visas, which are intended for visitors to attend meetings, conferences or install specialized equipment.
Do unregulated temples of God really serve a higher purpose.
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.
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.
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.
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 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.
Industry Moves from Israel to India
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
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
U.S. Consulates in India are concerned with visa fraud, according to cables disclosed by Wikileaks.
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
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
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
The agency denies that the official had an affair.
Do Super 30 and other coaching classes make the grade?.
Finding a new recipe for success in India’s food markets.
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 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
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
The Indian economy is expected to grow to $6 trillion by 2020.
India accounted for 9 percent of all international arms imports between 2006 and 2010. China accounted for 6 percent.
Is the Tata Nano running out of gas?
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
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
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
Foreign investors are shifting to more attractive emerging markets, such as Thailand and Brazil.
UBS claims the documents are forged and that he does not have any accounts or assets with them.
Juggling Privacy, Reputation and the Public Interest
Indian outsourcing companies navigate political minefields in pursuit of growth.
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
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
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 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
India is the world’s fifth largest coffee exporter and Starbucks will begin by sourcing coffee beans from Tata Coffee.
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
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.
Hedge Fund Manager Neil Godbole is fined by the SEC for defrauding investors
Slideshare is considered the YouTube of Powerpoint presentations.
Just 20% of people in India would be honest, regardless of the temptations, according to a former Central Vigilance Commissioner.
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
The Obama Administration has set an ambitious goal to double exports over the next five years
Premji is the third richest Indian with an estimated net worth of more than $17 billion.
What Sets China and India Apart?
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.”
Opulent Lite Manager Neil Godbole is barred from the securities industry for defrauding investors.
Suresh earlier served as dean of the MIT engineering school.