BlackBerry finally sets up server in Mumbai
Posted Date : 20-Feb-2012 , 08:45:50 pm | Posted By CASANSAAR
After much controversy, BlackBerry has finally set up its server in Mumbai following intense pressure from the government to provide a mechanism for lawful interception of its messenger services and Nokia has been asked to follow suit.
During a high-level meeting at the Union Home Ministry recent...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 718
|
 |
Mumbai world's 2nd least expensive city, Delhi 4th
Posted Date : 16-Feb-2012 , 05:54:24 pm | Posted By CASANSAAR
A high rate of inflation may be pinching hard on day-to-day life of people in the country, but a global survey has named two Indian cities - the financial hub Mumbai and the national capital New Delhi - among the four least expensive places across the world.
As per the worldwide 'cost of living' ...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 969
|
|
Genpact beats expectations with 27% growth in sales to $1.6 billion
Posted Date : 08-Feb-2012 , 08:40:06 am | Posted By CASANSAAR
India's largest BPO firm Genpact on Tuesday beat market expectations to report a 27% rise in its annual revenues to $1.6 billion, on account of cash flows from Headstrong clients and growth in its non-GE business, but guided a lower growth for 2012. The Gurgaon-based BPO firm expects 2012 revenue...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 796
|
|
Court raps Google, FB; gives 15 more days to remove 'objectionable' content
Posted Date : 06-Feb-2012 , 03:27:16 pm | Posted By CASANSAAR
Admonishing internet firms like Google and Facebook, a Delhi court on Monday gave 15 more days to 22 social networking sites to remove 'objectionable' contents from their websites. According to media reports, a judge presiding over the matter said that these sites did not deserve any mor...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 936
|
|
Google launches programme to help women entrepreneurs
Posted Date : 03-Feb-2012 , 07:36:32 pm | Posted By CASANSAAR
Internet search giant Google Inc has launched a programme to help women entrepreneurs grow their businesses through an online presence.
The program, 'Women Entrepreneurs on the Web' (WEOW), aims to help women entrepreneurs across India grow their online presence.
It would provide women entrepren...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 829
|
|
Facebook can change government-people dialogue: Mark Zuckerberg
Posted Date : 02-Feb-2012 , 08:48:31 pm | Posted By CASANSAAR
Noting that Facebook was not originally meant to be a company, its founder and chief Mark Zuckerberg has said he now wants it to change the way people relate to their governments and to help them get a better response for their issues and concerns. "We hope to change how people relate to the...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 798
|
|
Fraudsters find new tool in overseas calls
Posted Date : 30-Jan-2012 , 06:55:53 pm | Posted By CASANSAAR
Indian mobile users are being bombarded with massive numbers of spurious international missed calls originating from Pakistan, Czechoslovakia, Middle East and African countries and also from India routed through international numbers to defraud users who call back to these numbers. Such short and...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 761
|
|
India must have independent regulator for auditors: PwC
Posted Date : 28-Jan-2012 , 07:50:27 am | Posted By CASANSAAR
Supporting the capital market regulator Sebi's proposal for an independent auditing regulator in India, global auditing and consultancy major PwC has said there is an urgent need to have a strong and powerful watchdog for this business."It's a great suggestion on the Sebi's part, but the decision ha...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 910
|
|
In Facebook IPO, bankers seek prestige over fees
Posted Date : 28-Jan-2012 , 07:49:08 am | Posted By CASANSAAR
Facebook's initial public offering is likely to set a new standard for how low investment banks are willing to go on advisory fees to win big business. The world's largest online social network is expected to tap public markets for $10 billion in the coming months in an offering that will value t...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 708
|
|
World economy in danger zone: IMF
Posted Date : 26-Jan-2012 , 05:39:54 pm | Posted By CASANSAAR
The International Monetary Fund (IMF) has said the world's economy is deeply into the danger zone because of risks from the eurozone.The IMF predicts the global economy will grow by 3.25% in 2012, down from an earlier forecast of 4%.The growth forecast for the UK economy has been cut to 0.6% from 1....
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 775
|
|
Google tops Fortune's list of best companies to work for
Posted Date : 21-Jan-2012 , 08:31:27 pm | Posted By CASANSAAR
Internet giant Google has been named the best company to work for by Fortune magazine, taking the top slot in a list of 100 firms, with employees raving about everything from its work culture to perks like free food at well-stocked pantries. The California-headquartered company climbed three sp...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 1148
|
|
TRAI directs telecom companies to block international SMSes
Posted Date : 20-Jan-2012 , 09:56:58 pm | Posted By CASANSAAR
Tightening the noose around pesky SMS senders further, the Telecom Regulatory Authority of India (TRAI) today issued a directive to telecom companies to block international SMSes as per the rules applicable to SMSes originating within the country. "If any source or number from outside the country ...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 884
|
|
Vodafone wins $2 bn tax case in Supreme Court
Posted Date : 20-Jan-2012 , 01:56:31 pm | Posted By CASANSAAR
The Supreme Court today ruled in favour of Vodafone in the $2 billion tax case saying capital gains tax is not applicable to the telecom major. The apex court also said the Rs 2, 500 crore which Vodafone has already paid should be returned to Vodafone with interest.
The decision, experts said, will...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 1720
|
|
US companies have to follow law of land, asserts government
Posted Date : 20-Jan-2012 , 08:16:21 am | Posted By CASANSAAR
The government on Thursday said that internet companies 'would have to abide by India's laws' if they want to operate in the country. "We don't believe in censorship of any kind. India firmly believes in democracy and freedom of speech. But as the case is anywhere in the world, any company wishin...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 714
|
|
Google, Facebook benefit from illegal content: Delhi High Court
Posted Date : 17-Jan-2012 , 08:55:48 am | Posted By CASANSAAR
The High Court on Monday said that websites such as Google and Facebook are liable for the content, posted on their platform by users, as they benefit from the content. Google India's counsel Neeraj Kishan Kaul argued before the Court that the complainant Vinay Rai has failed find out the bloggers...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 820
|
|
Pranab calls upon NRIs to invest more in India
Posted Date : 09-Jan-2012 , 09:00:32 am | Posted By CASANSAAR
Finance Minister Pranab Mukherjee has called upon Non Resident Indians to invest more in India.Addressing the Pravasi Bhartiya Divas in Jaipur yesteray, he said though there have been large ticket investments by the diaspora, it is much less than the potential. Mr Mukherjee said, to achieve this, an...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 826
|
|
PM announces new pension scheme for overseas Indians
Posted Date : 09-Jan-2012 , 08:47:15 am | Posted By CASANSAAR
Fulfilling a long-standing demand, Prime Minister Manmohan Singh today announced a new pension and life insurance scheme for overseas Indian workers that would allow over five million workers, especially those working in the Gulf, to save money for the future. Announcing the Government's decisio...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 678
|
|
Ernst & Young Wins ICAEW
Posted Date : 28-Dec-2011 , 09:04:15 am | Posted By CASANSAAR
Ernst & Young has won the award for ‘Excellence in Client Service’ at the first ever Middle East Accountancy and Finance Excellence Awards event to be organized by the Institute of Chartered Accountants in England and Wales (ICAEW). Noor Abid, Managing Partner, Assurance, Ernst &a...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 874
|
|
US Bill on outsourcing cause of concern: India
Posted Date : 22-Dec-2011 , 04:44:03 pm | Posted By CASANSAAR
India today expressed concern over the proposed US Call Centre Bill but said that it is premature to assess the impact of the decision on the domestic IT industry. A bipartisan bill has been tabled in the US House of Representatives to make companies, that move call centres overseas, ineligible f...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 858
|
|
NRIs make a beeline to send remittance back home
Posted Date : 15-Dec-2011 , 08:05:43 pm | Posted By CASANSAAR
As the Rupee slides to new low against the dollar, NRIs are making a beeline to send the remittances back home. The leading bankers in Dubai say the expatriate Indians are opting for personal loans, cash advances through credit cards and salary advances to remit money back home.Some have even resort...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 868
|
|
Rupee tumbles to all-time low of Rs 53.80
Posted Date : 14-Dec-2011 , 04:04:24 pm | Posted By CASANSAAR
The Indian rupee lost 57 paise to a fresh all-time low of Rs 53.80 per US dollar in early trade today amid persistent dollar demand from banks and importers in view of sustained foreign capital outflows.The rupee resumed lower at Rs 53.54 per dollar on the Interbank Foreign Exchange, as against its ...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 764
|
|
Govt. suspends FDI in multi-brand retail till consensus; opposition welcomes
Posted Date : 07-Dec-2011 , 08:20:05 pm | Posted By CASANSAAR
The government has decided to suspend its decision on allowing 51 per cent Foreign Direct Investment (FDI) in the multi-brand retail sector. Making an announcement in the Lok Sabha today, the Finance Minister, Mr. Pranab Mukherjee said the government will withhold the decision till a consensus is re...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 775
|
|
Facebook to hire 'thousands' over next year
Posted Date : 03-Dec-2011 , 02:02:38 pm | Posted By CASANSAAR
Facebook has said it plans to hire thousands of employees over the next year and add an engineering team to its office in New York. "We will hire as many high quality engineers as we can here in New York," Facebook chief operating officer Sheryl Sandberg told reporters at an event also attended ...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 909
|
|
Tata Steel partly shuts Wales strip mill, cuts 115 jobs
Posted Date : 03-Dec-2011 , 08:32:41 am | Posted By CASANSAAR
Tata Steel on Friday said it has temporarily shut down its hot strip mill partly in South Wales and has cut 115 jobs at the plant due to poor demand from within Britain. "Tata Steel is temporarily to mothball the hot strip mill at its Llanwern site in Newport, South Wales, wi...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 777
|
|
FDI in retail: 5 crore traders to down shutters today
Posted Date : 01-Dec-2011 , 08:11:50 am | Posted By CASANSAAR
Several Bharti-Walmart storeswill remain closed on Thursday as a precautionary measure due to the bandh called by traders across the country, sources said.World's second largest retailer Carrefour, which is present in the wholesale segment in the country, also beefed up security at its stores i...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 959
|
|
India Inc appeals political parties to support FDI in retail
Posted Date : 29-Nov-2011 , 08:05:08 am | Posted By CASANSAAR
India Inc said political parties should reach a consensus on the government's decision to open the multi-brand sector to foreign investment. "We will request political parties to support the government's decision as it would help SMEs... There should be a minimum sort of an agreement in such are...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 703
|
|
Payments crisis: RBI allows Iranian central bank to open A/Cs with UCO and IDBI
Posted Date : 25-Nov-2011 , 08:28:38 pm | Posted By CASANSAAR
In an effort to resolve a long-standing payment crisis, the Reserve Bank of India (RBI) has given permission to the Central Bank of Iran to open rupee accounts with two Indian banks, namely UCO and IDBI. "Permission from the RBI has very recently come to open rupee accounts with two Indian banks...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 753
|
|
India Signs an Agreement with Eurasian Group (EAG) to Enhance Cooperation in Areas of Money Laundering and Terrorist Financing
Posted Date : 25-Nov-2011 , 08:36:46 am | Posted By CASANSAAR
India signed an Agreement with the Eurasian Group(EAG) today to inter-alia enhance cooperation in the areas of Money laundering and Terrorist Financing. The Cabinet had approved the agreement earlier this month. The agreement was signed by Dr. Thomas Mathew, Joint Secretary (Capital Markets) Divisio...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 754
|
|
Cabinet clears 51% FDI in multi-brand retail & single-brand 100% in
Posted Date : 24-Nov-2011 , 08:59:50 pm | Posted By CASANSAAR
The government on Thursday approved 51 percent FDI in multi-brand retail and 100 percent in single-brand, a decision that will allow global mega chains like Walmart, Tesco and Carrefour to open outlets in India.Seen as a major boost to improve the situation of policy paralysis that continue to haunt...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 892
|
|
Draft cabinet note for 26% FDI in airlines
Posted Date : 23-Nov-2011 , 08:04:04 am | Posted By CASANSAAR
With Kingfisher Airlines and several other carriers landing in dire straits, the industry ministry has moved a draft cabinet note on allowing 26 per cent foreign direct investment by foreign airlines in the domestic carriers.
"Private airlines in the country are in dire need of funds for ...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 738
|
|
|
