India among the regions with highest potential: Hyperloop
In 2012, Elon Musk revived an interest in pneumatic tube transportation system and named it hyperloop, a proposed mode of passenger and freight transportation that would propel a pod-like vehicle through a near-vacuum tube at greater than airline speed. The concept generated a lot of interest, with many people deciding to work on the project. […]
Despite demonetisation, India’s GDP growth stays 7 per cent: Govt data
The economy clocked a faster-than-expected growth of 7 per cent in fiscal third quarter, notwithstanding the demonetisation of high-value banknotes in November and the resultant impact on output and well as consumption. Data released by the Central Statistics Office (CSO) on Tuesday showed that the rate of economic growth in the three months ending […]
Demonetisation effect: economic growth seen slowing to 6.1% in December quarter
India’s economic growth may slow to 6.1% in the fiscal third quarter because of the government’s disruptive move to ban cash, according to the median of five estimates by economists. Economists surveyed by Mint expect growth in gross domestic product (GDP) in the three months ended 31 December to be in the range of 5.5% […]
Mumbai richest Indian city with total wealth of $820 billion, Delhi comes second: Report
India’s financial capital Mumbai, which is home to 46,000 millionaires and 28 billionaires, is the richest Indian city with a total wealth of USD 820 billion, says a report. According to New World Wealth, Mumbai is the richest city in the country followed by Delhi and Bengaluru in the second and third place, respectively. Delhi […]
Petronet LNG’s impressive showing
Shares of Petronet LNG Ltd have increased an impressive three-fifths so far this fiscal year. Shortage of domestically produced gas leading to better demand prospects for liquefied natural gas (LNG) is what has fundamentally propelled the company’s stock upwards. Click here to read more… Credit: livemint.com
Rs 1,000 note to be back in new avatar, but not clear when
The RBI and the government have firmed up plans to launch a new series of Rs 1,000 notes shortly to replace the earlier note of similar denomination that was withdrawn from circulation following the November 8 demonetisation announcement, a senior government official has told The Indian Express. The RBI, the official said, has already started production […]
India has capability to set up space station, says ISRO chief
ISRO chairman AS Kiran Kumar on Monday said the country has the capability to set up a space station, but it needed a long-term approach and an ambitious planning. His comment follows Indian Space Research Organisation (ISRO) display of technological prowess last week by launching 104 satellites in a single mission. Click here to read […]
Flipkart, Microsoft announce strategic cloud partnership
Bengaluru: Microsoft Corp. on Monday announced a strategic partnership with Flipkart under which, for a start, the online retailer will adopt Microsoft Azure as its exclusive public cloud computing platform. One person familiar with the matter said Microsoft may pick up a small stake in Flipkart as part of the partnership, although no deal to […]
Indian economy to reach $ 5 trillion by 2025: Morgan Stanley
India’s millennial population is a massive disruptive force and driven by this supportive demographics alongwith government’s policy action, Indian economy is likely to reach USD 5 trillion by 2025, says a report. India’s USD 2.2 trillion economy makes it the seventh largest in the world in terms of nominal GDP (and the third largest in […]
Capgemini India CEO says 65% of IT employees not re-trainable
Mumbai: With the domestic IT (information technology) industry staring at a shift in nature of work due to increasing use of digital technologies, a leading firm has said a majority of the workforce cannot imbibe the required emerging skill-sets, and warned of high job losses at the middle and senior levels. “I am not very […]
Flipkart outsells Amazon in December, January on bumper smartphone sales
India’s largest online retailer Flipkart is showing early but clear signs of sustaining the turnaround that began with its win over arch-rival Amazon India during the Big Billion Day (BBD) sale in October, belying predictions of many investors and analysts who thought Amazon may run away with India’s $14-15 billion e-commerce market. Flipkart Internet Pvt. […]
21-year-old Delhi student gets Rs 1.25-crore job offer from Uber, will work in San Francisco
A student of Delhi Technological University (DTU) has received a job offer with an annual salary of Rs.1.25 crore from United States-based cab-hailing company Uber Technologies. This is the second-highest offer received by a student at DTU ever. In 2015, software giant Google hired a student for an annual salary of Rs.1.27 crore. Click here […]
How Nestle is rebuilding in India—18 months after the Maggi ban
New Delhi: In the autumn of 2015, in its 103rd year in the country, Nestle India Ltd was a house demolished. Maggi Two-Minute Noodles, a brand it built over three decades in India and loved by hikers, hostellers and housewives alike, had crumbled. That June, the national food safety regulator had banned the sale of […]
130 million smartphones to be shipped in India this year: Report
India’s smartphone market is expected to witness a growth of 15% to 130 million units this year, accounting for almost half of the total mobile phone sales in the country, a report by CyberMedia Research (CMR) said on Wednesday. Total mobile phone shipments in 2016 stood at 262 million units, of which smartphones accounted for […]
What Modi’s demonetisation push means for foreign investors
On 8 November, Prime Minister Narendra Modi surprised investors and consumers by declaring that 86% of the nation’s money stock would no longer be a medium of exchange or store of value. In meetings in Mumbai and New Delhi recently, I learned that the move was intended to ferret out illegally garnered funds, and that […]
Infosys row seen as a Narayana Murthy vs Vishal Sikka personality clash
The trouble at Infosys Ltd is the result of a personality clash between founder N.R. Narayana Murthy and chief executive officer Vishal Sikka that is damaging to both its shareholders and employees. Investors may believe Murthy’s tirade against alleged corporate governance issues at the company is directed against the board; some have described the trouble […]
Demonetization Demystified: Free Seminar at India House on Managing Your Currency, Wealth and Taxes
HOUSTON: Demonetization is the latest of financial dilemmas facing NRIs, who hold Indian currency, bank accounts, real estate and other assets in India. How do you get answers from impartial experts, who are not trying to sell you additional financial products? India House, in association with NRI Tax & Wealth Advisory and Share Our Secrets […]
Amazon likely to ramp up investments in India, despite drag on profits
Bengaluru: Amazon.com Inc. has indicated it would keep pumping money into India although its investments in the country crimped profitability at the world’s largest online retailer for the second quarter in a row. Amazon’s chief financial officer Brian Olsavsky said in a conference call with analysts on Thursday that the e-commerce giant was encouraged by […]
Houston India Conference Launches “Make in India – The Inside Story” on March 24-25
HOUSTON: Houston India conference is hosting first of the series conference on March 24 – 25 in Houston. The topic of 2017 conference is “Make in India – The Inside Story”. The conference is organized by Consulate General of India in Houston, India House, Asia Society Texas Center, Indo American Chamber of Commerce of Greater […]
Uber to expand engineering team in Hyderabad
BENGALURU: Uber Technologies Inc. will expand its engineering team in Hyderabad to develop tools that will help the company determine fares and driver incentives, as well as support its food and hyperlocal delivery service businesses around the world. Uber did not give details of the number of people it wants to hire. The Hyderabad team, […]
