India

  • Billionaires’ wealth can remove India’s poverty: IMF
    New Delhi, February 4: Income inequality is rising in India, where the net worth of its billionaires has jumped 12-fold in 15 years, enough to eliminate absolute poverty twice over in the country, says the Inte
  • Mumbai celebrates world-class Monorail
    Mumbai, February 2: Long-harassed Mumbai commuters have been ushered into new era of world-class travel with the country’s first Monorail. For the people used to dirty, cramped, uncomfortable - though ext
  • NE first private township in Guwahati
    Guwahati, February 1: With an investment of Rs 3,000 crore, Shristi Housing Development Ltd is developing North East India’s first private sector-integrated township in Guwahati. Shristinagar Guwahati is
  • Derivatives not that evil, can improve firm's value
    New York, February 1: Remember how philanthropist Warren Buffett has termed derivatives as 'time bombs' - both for the parties that deal in them and the economic system.The overuse of derivatives - which were d
  • Tata Group to exit telecom business completely: Sources
    Mumbai, January 29: In a big strategic shift at the Tata Group, Cyrus Mistry, a year after taking over as the chairman of the group, has decided to exit the telecom business completely, sources with direct know
  • Wal-Mart sets up new company in India
    New Delhi, January 19: Global retail giant Wal-Mart has registered a new company in India as it prepares to enter the country’s lucrative multi-brand retail market with a new partner. The American retail
  • Subsidised LPG cylinder cap to be hiked to 12/year: Moily
    NEW DELHI, JANUARY 17: With Congress party vice-president Rahul Gandhi making a strong pitch for raising LPG cap, Oil Minister M Veerappa Moily today said the quota of subsidised cooking cylinders will be hiked
  • RBI puts the brakes on the bitcoin train in India
    Mumbai, January 17: Enthusiasm over bitcoins has dampened in India after the country’s central bank cautioned investors to be wary of using virtual currency because of the associated security, financial a
  • Vodafone, RIL, Airtel gear up for fierce spectrum battle
    NEW DELHI, JANUARY 17: Vodafone, Reliance Industries and Bharti Airtel are likely to put up a fierce fight for scarce telecom spectrum in the auction next month, if bank guarantees furnished by them are any ind
  • ‘World energy demand to grow 41% by 2035’
    London, January 17: World energy demand is forecast to increase by 41 percent between 2012 and 2035, with growth averaging 1.5 percent each year, said a new energy outlook report issued by the British oil giant
  • Airtel to buy Loop Mobile for Rs 750 cr
    NEW DELHI, JANUARY 16: Bharti Airtel is in talks to buy out Mumbai-based Loop Mobile in a deal that will give the telecom major about 3 million customers. Loop Mobile, which owns a mobile telephony licence for
  • NE Consumer Awards unveils preferred brands
    Guwahati, January 15: A total of 55 consumer products, brands and services emerged winners in various categories at a red carpet award ceremony for the North-East Consumer Awards 2013, held in Guwahati last Sat
  • India, China ranked ‘unfree’ in Economic Freedom index
    Washington, January 14: Asia’s two economic giants, India and China, have been rated “unfree” and ranked 120th and 137th respectively, in the 2014 Index of Economic Freedom by US think tank He
  • Want to quit your job? New app does it for you via text message
    Toronto, January 13: Thinking about quitting your job? A humorous new app aims to relieve the stress and anxiety of confronting the boss with the news by sending a text message instead.Although the new iPhone a
  • SBI agrees to issue receipt of cheques
    GUWAHATI, JANUARY 13: The State Bank of India has directed all its branches to issue receipt of cheques at the counter in their bank branches, against the deposit of Employees Provident Fund dues. A press note
  • Indian firms biggest investors in Nepal
    Kathmandu, January 12: About 525 Indian companies engaged in a range of activities from manufacture to tourism have created 58,161 jobs in the Himalayan nation, and India is the biggest source of foreign invest
  • RBI to examine proposal for limiting free ATM transactions
    New Delhi, January 12: The Reserve Bank of India (RBI) will consider reducing the number of free ATM withdrawals, as recommended by Indian Banks’ Association, in an effort to cut down on cash transactions
  • Carmakers may be short of aluminium in future
    Detroit, January 11: With automakers’ demand for aluminum growing explosively as they seek to improve fuel efficiency, aluminum providers are selling out their automotive capacity almost as fast as they c
  • Soon, wireless power transfer on the go
    New York, January 11: Imagine charging your cell phone while on an evening walk without any wire or device near you.This ‘power in the air’ thought has received a big boost with Duke University rese
  • Spy cameras’ sales go up in Delhi, courtesy Kejriwal
    New Delhi, January 10: With Delhi Chief Minister Arvind Kejriwal encouraging people to carry out sting operations to catch the corrupt red-handed, sellers of spy cameras in Delhi’s popular Palika Bazar ar