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Petronet LNG’s impressive showing

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

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up plans to launch a new series of Rs 1,000 notes shortly to replace the earlier note of similar denomination that was withdrawn from circulation following the November 8 demonetisation announcement, a senior government official has told The Indian Express.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

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

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

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

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

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

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

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

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

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

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

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

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 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

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, […]

Jyoti Bansal: Meet the IIT-Delhi alumnus who sold his start-up for $3.7 billion

Jyoti Bansal: Meet the IIT-Delhi alumnus who sold his start-up for $3.7 billion

NEW DELHI: Indian-American entrepreneur Jyoti Bansal has agreed to sell his application intelligence venture AppDynamics to Cisco Systems for a $3.7 billion (Rs 25,150 crore approx) deal. The announcement has come a day before AppDynamics was to launch its initial public offer (IPO), which valued the company at $2 billion. Click here to read more.. […]

India’s online spend to touch Rs875,600 crore by 2018: Report

India’s online spend to touch Rs875,600 crore by 2018: Report

New Delhi: Indian shoppers are likely to spend almost 85% more on global online marketplaces in 2017 across categories, said a report jointly published by digital payments platform PayPal and market research firm Ipsos. The report titled PayPal Cross-Border Consumer Research 2016 projected that the overall online spending in the country (including domestic and cross-border) […]

Why oil can spoil India’s budget math

Why oil can spoil India’s budget math

Mumbai: One of the biggest drivers of India’s superlative macro-economic performance in the recent past has been a relatively under-appreciated element: oil. Since 2014, the dramatic fall in crude oil prices has helped India contain her twin deficits, and tame inflation. But with oil exporting countries planning to curtail oil supply, raising the possibility of […]

N. Chandrasekaran begins long road to restoring Tata group’s image

N. Chandrasekaran begins long road to restoring Tata group’s image

Bangalore/Mumbai: Amid the carnage on Wall Street in 2008, as Bank of America Corp. was trying to forge its rushed merger with Merrill Lynch & Co., Natarajan Chandrasekaran boarded a plane for New York to try to reassure the two financial behemoths that an Indian IT company could make the systems of their strikingly different […]

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