September 2011

Guide to Black Money

“Illegal incomes provide an economic function. It helps lower transaction costs in economies where they are high. It lubricates economic wheels."

Thieves Target Indian American Homes for Gold

Sgt. Jeff Swadener of the Fremont Police Department said Indian-Americans were known for owning high-quality gold of 20 and 22 karats. “You’ll get just as much out of a house as you would robbing a bank,”

Moving Up Behind the Wheel

The car had suddenly become emblematic of a new India that hoped to model itself on the United States, especially in the individualism, speed and liberation promised by the open road.

Government Collapsing Under its Contradictions: BJP

Joining issue with Prime Minister Manmohan Singh, the BJP on Wednesday said the Opposition was doing nothing to destabilise the government and if it falls, it will be because of its own contradictions.

Promoting Modi For PM’s Post?

Fundamentalist parties throughout the world think of newer ways to expand their base in the community they seek to radicalise. India’s Bhartiya Janata Party (BJP) is no different.

Mamata Wins By-Poll by Huge Margin

Trinamool Congress chief Mamata Banerjee on Wednesday made her maiden entry into the West Bengal Assembly winning the Bhowanipore seat by a convincing 54,213 votes, humbling the Communist Party of India (Marxist)’s candidate Nandini Mukherjee.

Tony Blair Faith Foundation Keen to Rope in Indian Schools, Universities

Reaching out to students to promote inter-faith harmony, Tony Blair Faith Foundation today said it is keen to rope in more Indian schools and varsities to impart programmes that increase understanding of views of different religions on global issues such as environment, health and poverty.

Indian Pay TV Regulations Among World's Worst

India and China feature among the worst countries in the world in formulation and implementation of regulatory policies for the video broadcasting industry, says a report from the Cable and Satellite Broadcasting Association of Asia (CASBAA).

Reality Television Saves Bollywood Stars

Faced with losses at the box office, stars are flocking to reality shows on television to make money. Anxious to appease advertisers, TV channels are only too happy to oblige.

Big Bets for Bollywood this Diwali

Bollywood is getting ready to unveil its busiest, and hopefully its most fruitful, season at the box office starting October with a double dose of Shah Rukh Khan and films of Ranbir Kapoor, Akshay Kumar and John Abraham.

Vivek Oberoi's Dad Lying about Extortion Call?

When actor Vivek Oberoi's father filed a police complaint last week, claiming that he had received a threat call from gangster Ravi Pujari, it seemed that Bollywood was once again in the underworld's cross hairs.

Big B to Call Victims of Sikkim Quake on KBC

Actor Amitabh Bachchan on Tuesday night tweeted that he wanted to call the victims of Sikkim quake on his show Kaun Banega Crorepati (KBC).

Don't Miss Being Married: Lata Mangeshkar

Up close and personal with the legendary singer Lata Mangeshkar on her 82nd birthday. Last few weeks Lata Mangeshkar has been a little caught up.

I Advised RGV not to Remake Sholay: Ramesh Sippy

Returning to direction after 16 years, Ramesh Sippy, gets talking about his passion for filmmaking, Sholay and upsetting Dev Anand.

India's Poverty Leaves Paris Hilton Heartbroken

Socialite Paris Hilton flew out of Mumbai early Tuesday saying she had an "eye opening" trip to "beautiful" India but was appalled by its poverty.

Kerala to tap MICE Segment to Catch 2-Crore Tourists

The Kerala government has realised that MICE is the word to keep tourism biz cats well fed and in top form.

The Return of a Native

Homecoming after exile is an exercise fraught with mixed emotions of nostalgia, memories, anguish, fear, suspicion and reconciliation.

When Bangalore Raced with Lewis Hamilton

The excitement and buzz around Lewis Hamilton was built up so much during the past few weeks that a dhaba owner enroute to the racing venue too was caught in the frenzy. A banner in front of his stall read – Welcome to Bangalore, Mr Hamiltonji!

US to Invest in Indian Infra, Defence and Education

US companies are looking at investing in sectors like energy, education, communications and infrastructure in India, thereby further deepening economic ties between the two countries.

Australia's Boost Juice Set to Enter Indian Market

Boost Juice is set to enter the Indian market, adding to a growing list of beverage firms from Australia catching the fancy of Indian juice and wine aficionadas.

Our Investment in India Will Grow if FDI Rules Relaxed: Walmart

The world's largest retailer Walmart today said its investments in India will grow manifold if foreign direct investment regulations on multi-brand retail are relaxed in the country.

GSK Sets Aside $1-2 Billion War Chest for India Acquisitions

GlaxoSmithKline global CEO Andrew Witty on Tuesday said the company has a war chest of $1-2 billion to support its expansion plans in India but will be cautious against overpaying for any buyout.

India-Targeted M&A Deals Worth $39 Billion so Far this Year

The value of India-focused merger and acquisition (M&A) deals touched USD 39 billion in the first nine months of this year, a significant 31 per cent decline vis-a-vis the corresponding period last year, global deal tracking firm Dealogic says.

Global M&A Rebound Falters as Europe Woes Overshadow US

The global rebound in mergers and acquisitions stumbled in the third quarter, as takeovers by US and Asian acquirers failed to compensate for a 43 per cent decline in purchases by European companies.

IMImobile Acquires UK Application Firm

Hyderabad-based IMImobile, a provider of technology infrastructure for mobile data, has acquired UK-based digital agency Skinkers for an undisclosed amount.

HP Labs Set to Track Counterfeit Drugs in India

Imagine a scenario in which one can confirm the authenticity of a medicine bought from the local pharmacy through an SMS, within a few seconds

Hitachi to Form New JV with SFO Technologies in India

Japanese diversified conglomerate Hitachi Tuesday said that it will form a new joint venture (JV) company with SFO Technologies for providing state of the art control systems for thermal power plants.

More High-Value Deals on I-T Radar

Under pressure on the black money issue, the government plans to monitor high-value savings and investments more closely to net tax evaders

India, Myanmar to Raise Trade to $3 Billion by 2015

India and Myanmar on Tuesday decided to double the bilateral trade to $3 billion by 2015 by ensuring greater cooperation in sectors such as oil and gas, infrastructure, agricultural products and pharmaceuticals.

India to be Among Top 10 Pharma Markets by 2015

Emerging markets India and China will figure in the top 10 pharma markets of the world by 2015, an Ernst & Young report has said.

India Back Again to Woo Iran

Driven by energy, India is going all out to win Iran as the relationship between the two countries were muddied after New Delhi voted thrice against Tehran at the International Atomic Energy Agency (IAEA), the United Nations General Assembly (UNGA) and the UN security council.

In Turn to Politics, Facebook Starts a Political Action Committee

The Silicon Valley social media company has, for the first time, formed an old-fashioned political action committee (PAC) and would use it to distribute cash to candidates in the coming elections.

Tough Mobile OS Scenario for Asian Tech Companies

Mobile operating systems developed by Asia's top technology firms would, at best, only chip away market share from dominant leaders Google's Android and Apple's iOS.

LG Sues BMW, Audi in Korea

LG Electronics Inc said it had filed a sales injunction in South Korea against local branches of BMW AG and Audi AG over the use of lighting products by Osram, which LG accuses of infringing its patents.

Apple to Unveil iPhone 5 on October 4

Apple sent out invitation to press on Tuesday, announcing that it will hold its next iPhone event on October 4. It is expected the company will launch iPhone 5 or iPhone 4S - or both - at the event.

India, Pak Honchos Call for Liberal Visa Regime

Business and industry leaders from India and Pakistan on Tuesday said the two countries would look up to the 21st century as one of trade — and not of wars.

US Plans to Levy Taxes on NRI Deposits Made Back Home

With the United States government planning to levy taxes on non-resident Indian deposits made back home, non-resident Gujaratis in US are a disturbed lot.

Indian Shares Provisionally Close Down 0.4 Per Cent

Indian shares provisionally closed 0.43 percent lower on Wednesday as investors worried over European policymakers' ability to resolve the euro zone debt crisis. The rescue plans face opposition in Germany and there are signs of a split within the currency bloc over the terms of Greece's next bailout.

Rupee Rises on Europe Optimism

The rupee rose the most in almost 10 months on speculation that European policy makers would increase efforts to contain the region’s debt crisis, supporting demand for emerging-market assets.

SEBI to Revisit Interest Rate Futures Rules

Market regulator Sebi plans to liven up trading in interest rate futures (IRF) which was introduced a few years ago as a hedging tool to cover risks arising from rate fluctuations.

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