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News - (Get Professional Updates on Whatsapp, Msg on 8285393786) Category : International Business

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' ...

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Category : International Business | Comments : 0 | Hits : 494

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...

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Category : International Business | Comments : 0 | Hits : 328

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...

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Category : International Business | Comments : 0 | Hits : 444

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...

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Category : International Business | Comments : 0 | Hits : 369

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...

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Category : International Business | Comments : 0 | Hits : 331

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...

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Category : International Business | Comments : 0 | Hits : 285

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...

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Category : International Business | Comments : 0 | Hits : 441

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...

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Category : International Business | Comments : 0 | Hits : 261

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....

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Category : International Business | Comments : 0 | Hits : 301

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...

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Category : International Business | Comments : 0 | Hits : 676

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 ...

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Category : International Business | Comments : 0 | Hits : 392

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...

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Category : International Business | Comments : 0 | Hits : 1258

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...

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Category : International Business | Comments : 0 | Hits : 248

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...

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Category : International Business | Comments : 0 | Hits : 344

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...

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Category : International Business | Comments : 0 | Hits : 322

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...

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Category : International Business | Comments : 0 | Hits : 224

Ernst & Young Wins ICAEW’s Accountancy and Finance Award for ‘Excellence in Client Service’
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...

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Category : International Business | Comments : 0 | Hits : 421

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...

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Category : International Business | Comments : 0 | Hits : 385

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...

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Category : International Business | Comments : 0 | Hits : 400

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 ...

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Category : International Business | Comments : 0 | Hits : 304

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...

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Category : International Business | Comments : 0 | Hits : 307

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 ...

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Category : International Business | Comments : 0 | Hits : 426

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...

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Category : International Business | Comments : 0 | Hits : 288

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...

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Category : International Business | Comments : 0 | Hits : 492

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...

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Category : International Business | Comments : 0 | Hits : 220

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...

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Category : International Business | Comments : 0 | Hits : 297

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...

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Category : International Business | Comments : 0 | Hits : 263

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...

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Category : International Business | Comments : 0 | Hits : 411

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 ...

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Category : International Business | Comments : 0 | Hits : 247

Rupee touches new low of 52.15 per dollar
Posted Date : 22-Nov-2011 , 08:27:38 am | Posted By CASANSAAR

At the inter-bank foreign exchange market, the rupee sank 81 paise, to a over 32-month closing low of 52.15 against the dollar.The rupee fell on sustained dollar demand, and as domestic equities tumbled. The rupee has lost over 4 percent against the dollar in the last six trading sessions.The Financ...

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Category : International Business | Comments : 0 | Hits : 554

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