Group not pushing me out, my desire to quit: Ratan Tata »
on The Economic TimesGroup not pushing me out, my desire to quit: Ratan TataRatan Tata said that he opted out of the selection committee to avoid giving the impression that he is influencing the succession plan. read full article »
Infosys loses work from Deutsche Bank »
on The Economic TimesInfosys loses work from Deutsche BankInfosys has offered the 150 employees the option to leave the company to be with Deutsche Network Services for much higher salaries. read full article »
Cisco to drive innovations for emerging mkts »
on The Economic TimesIn one of the biggest changes since networking major Cisco set up a second global headquarters in India, the multinational is reorganising its operations along industry lines. read full article »
Apple, Google to clash in music space by Xmas »
on The Economic TimesGoogle Inc is in talks with music labels on plans for a download store and a digital song locker that would allow its mobile users to play songs wherever they are as it steps up its rivalry with Apple Inc. read full article »
Cisco to buy wireless smart grid firm »
on The Economic TimesNetwork equipment maker Cisco Systems Inc said on Thursday it was buying start-up Arch Rock for an undisclosed sum as it aggressively moves to expand in the growing smart grid market. read full article »
NYS lowers pension fund's rate of return to 7.5% »
on The Economic TimesThe $124.8 billion fund, which lost 4.4 per cent of its value in the quarter ended June 30, increased contributions to the fund for public employers, such as cities. read full article »
S&P and Nasdaq buoyed by housing, jobs data »
on The Economic TimesS&P and Nasdaq buoyed by housing, jobs dataThe S&P 500 and Nasdaq advanced on Thursday, building on their best day in eight weeks in the previous session as data showed an improvement. read full article »
Emerging mkts call the shots as funds swear by them »
on The Economic TimesEmerging-market stocks are trading at the highest valuations relative to advanced-country shares in more than two years. read full article »
Allahabad Bank: Maintaining profit margin tough »
on The Economic TimesDuring the stock market run-up in January 2008, the valuations of Allahabad Bank had lagged those of its larger peers. read full article »
SKIL to raise Rs 2,500 cr to fund infra, edu projects »
on The Economic TimesSKIL Infrastructure is raising Rs2,500 crore by selling less than 20% stake in two phases that includes a private placement to overseas funds besides a public issue. read full article »
Outlook not so positive for Patni Computer »
on The Economic TimesThe counter of Patni Computer Systems has failed to enthuse investors over the past one year. Its stock has underperformed the broader market indices in this period. read full article »
Make way BRICs, minnows are in »
on The Economic TimesStocks from the so-called BRIC Group are starting to move in lock-step with developed market indices. read full article »
Subros plays it cool with strong numbers »
on The Economic TimesThe stock of auto ancillary firm Subros has outperformed the broader market indices in the past one year following its robust financial performance. read full article »
Spending Right: Differentiate between wants and needs »
on The Economic TimesSpending Right: Differentiate between wants and needsThink of it: we spend money on something because we think we need it or it will make us happy. read full article »
Obama struggles with urgent task of fixing eco »
on The Economic TimesPresident Barack Obama has declared fixing the U.S. economy his "central mission" but he has few tools to bring down nearly double-digit unemployment or jump-start the faltering recovery this year. read full article »
NBS policy fails to balance fertiliser uses »
on The Economic TimesConsumption of urea has increased in the first few months of the newly introduced Nutrient-based Subsidy (NBS) policy, quite contrary to expectation that the new policy would lead to a balanced use of fertilisers. read full article »
Citi to support financial projects in India »
on The Economic TimesCitigroup is keen to be a part of India's growth story and will continue to focus on microfinance and support initiatives in the areas of financial inclusion and education. read full article »
Sonia all set to be re-elected Cong chief »
on The Economic TimesSonia Gandhi will be re-elected unopposed as the Congress President for the fourth consecutive term and the announcement is expected to be made on Friday. read full article »
Which credit card is best suited for you? »
on The Economic TimesWhich credit card is best suited for you?Credit card offers convenience & safety. Here is an overview of various credit card types offered. read full article »
BJD to counter Rahul's Aug 26 Vedanta rally »
on The Economic TimesPushed to a corner for its alleged favour to controversial Vedanta projects, ruling BJD in Orissa is set to hold a rally on Friday near the UK-based group's refinery in Kalahandi district. read full article »
Govt to release rotting grains for poor »
on The Economic TimesActing on the directive of the Supreme Court, government today decided to release an extra 2.5 million tonnes of foodgrains to states for distribution among the poor but it will not be free. read full article »
London house builders target cash-rich Indians »
on The Economic TimesLondon house builders target cash-rich IndiansHousing industry sources say foreign buyers bought more than half of the London homes that sold for more than 2 million pounds each last year. read full article »
BlackBerry should share users' data: UN official »
on The Economic TimesThe chief of the UN's telecommunications agency is urging BlackBerry's manufacturer to allow foreign law enforcement agencies access to its customers' data. read full article »
HP raises offer for 3PAR to $2.4 bn, beats Dell »
on The Economic TimesHewlett-Packard Co raised its bid for data storage company 3PAR Inc to $2.4 billion, beating Dell Inc's latest offer in a bidding war that many analysts have said has gone too far. read full article »
Pending US home sales rise 5.2 pc in July »
on The Economic TimesThe number of buyers who signed contracts to purchase previously occupied US homes increased in July but remained well below last year's levels, a sign that demand for housing remains weak. read full article »
3G Capital to buy Burger King for $3.26 bn »
on The Economic TimesBurger King Holdings Inc , the No. 2 US fast-food chain, agreed to be bought by investment firm 3G Capital for $24 per share, or about $3.26 billion. read full article »
HP ups bid; 3PAR to end deal with Dell »
on The Economic TimesHewlett-Packard Co raised its offer for data storage company 3PAR Inc by $3 to $33 per share, after rival bidder Dell Inc raised its offer to $32, instead of bowing out as many expected. read full article »
39 Indian cos in Forbes 'Best Under A Billion' Asia list »
on The Economic Times39 Indian cos in Forbes 'Best Under A Billion' Asia listJindal Drilling & Industries, Emami, Exide Industries are among those that made it to the list. read full article »
Chances of US recession 25-30%: Alan Greenspan »
on The Economic TimesChances of US recession 25-30%: Alan GreenspanFormer Us Fed Chairman Alan Greenspan said the Indian economy is looking like one of the strongest economies from a structural viewpoint read full article »
Suzlon shares zoom 10% on RIL stake buy news »
on The Economic TimesSuzlon Energy, which was trading in a narrow range during most part of the session, soared 14 per cent in the final hour of the day to hit a high of Rs 53.10. read full article »
'India's spend on homeland security to double' »
on The Economic TimesIndia's share in the global homeland security expenditure would almost double to six per cent in the next 10-years, due to high economic growth and increasing threat of terrorism in the country, a study said. read full article »
Rupee higher on stocks, dollar; US data eyed »
on The Economic TimesThe rupee rose on Thursday aided by the dollar losses against major currencies and other Asian units ahead of the European Central Bank's policy decision. read full article »
Indian-Americans part of HapMap 3 project »
on The Economic TimesThe Indian American population of Houston, with origins in Gujarat, is one of the seven additional population groups added to the third phase of the HapMap human genetic mapping project that aims to find genetic variants associated with complex diseases. read full article »
'FDI in retail to help unorganised sector' »
on The Economic TimesMaking a strong case for FDI in India's multi-brand retail, Indian Commerce and Industry Minister Anand Sharma has said that entry of global retail giants would help create millions of jobs and not weaken the unorganised sector as feared. read full article »
Govt starts anti-dumping probe »
on The Economic TimesIndia has initiated a probe into alleged dumping of soda ash by countries like China, Iran and Pakistan to protect domestic players. read full article »
Royal Bank of Scotland axes 3,500 jobs »
on The Economic TimesBritain's state-rescued lender Royal Bank of Scotland said on Thursday it was cutting another 3,500 jobs, sparking anger from union bosses. read full article »
Apple set to launch smaller, lighter iPod Nano »
on The Economic TimesApple is set to launch a new touchscreen iPod Nano which is almost half the size of its existing version and also 42 per cent lighter. read full article »
Germany approves deep spending cuts in budget »
on The Economic TimesThe German cabinet has approved drastic spending cuts to rein in the national budget despite a stronger than expected turnaround in the economy. read full article »
Samsung unveils iPad competitor Galaxy Tab »
on The Economic TimesSamsung unveils iPad competitor Galaxy TabThe Galaxy Tab has a seven-inch touchscreen, slightly smaller than the iPad's 9.7 inches, and uses Google's Android 2.2 operating system. read full article »
Capgemini buys 55% stake in CPM Braxis »
on The Economic TimesCapgemini today said it will buy majority stake in Brazilian CPM Braxis for 233 mn euros (USD 299 mn) in a bid to boost its presence in the emerging countries read full article »
Royal Bank of Scotland to cut 3,500 jobs in UK »
on The Economic TimesRoyal Bank of Scotland announced another wave of job cuts on Thursday as the part-nationalised bank continues with its drive to trim costs and improve its profitability. read full article »
Nokia to discontinue remote file-sharing service »
on The Economic TimesNokia announced that it would discontinue its popular mobile file-sharing service called Ovi Files as of October 1 read full article »
India may miss $12 bn exports target this year »
on The Economic TimesApparel exporters are apprehensive about achieving the target of USD 12 billion for 2010-11, as overseas shipments declined for three months in a row read full article »
How humour can be an effective workplace tool »
on The Economic TimesHow humour can be an effective workplace toolHumour is a tricky thing. While it has the potential to work wonders, it can also backfire terribly. read full article »
Greenland ops on after Greenpeace protest: Cairn »
on The Economic TimesFour Greenpeace activists had climbed onto the Arctic oil rig on Tuesday and halted drilling for about 40 hours, in a bid to stop Cairn's operations in the area read full article »
Baer Capital eyes new PE fund, plans first exit »
on The Economic TimesIt expects to raise around $300 mn for a second private equity fund and plans its first exit by floating a power distribution company read full article »
Intel sees faster growth in embedded chips »
on The Economic TimesEmbedded chip market seen growing 25% a year. Atom shipments to grow 30-40% annually. Intel increasingly focused on non-PC business. read full article »
Why BRIC markets are underperforming EM peers »
on The Economic TimesWhy BRIC markets are underperforming EM peersMSCI BRIC index is down 4% this year, similar to developed markets' 5% losses. Emerging stocks on the other hand are up 0.5%. read full article »
Baidu to focus mobile Internet investment »
on The Economic TimesBaidu Inc, operator of China's dominant search engine, said on Thursday that it will focus its future mobile Internet investments on its core search business as it takes aim at the next big Internet space. read full article »
Samsung to focus on Android, bada software »
on The Economic TimesThe world's second-largest cellphone maker, Samsung Electronics, has decided to use Google's Android as a key software platform for its smartphones alongside with its own new bada software, a company executive said. read full article »