January 31, 2011
End to pesky calls, SMSes? Now wait till March 1
Mobile subscribers looking for respite from unsolicited marketing calls and SMSes will now have to wait for another month, as telecom regulator Trai has extended the date for implementation of guidelines to check the pesky calls to March 1. Budget on Feb 28, but will Parliament function?
The Budget session of Parliament will begin on February 21 and the General Budget will be presented to Lok Sabha on February 28. Court slams ICICI Bank, fines it Rs 2 lakh
ICICI Bank, India's largest private sector bank, has been fined Rs 2 lakh (Rs 200,000) for knocking at the judiciary's door on false pretext by a Delhi court which asked it to have a sense of responsibility matching its size. Now pay for groceries, etc via Airtel mobile
Telecom major Bharti Airtel on Monday launched its 'Airtel Money' service, which will allow its subscribers to pay for groceries, bills and other dues through their mobile phones. Rs 8,000-crore subsidy for oil companies okayed
The government on Monday approved Rs 8,000 crore (Rs 80 billion) in cash subsidy to state-owned fuel retailers to make up for half of the revenues they lost on selling diesel, domestic LPG and kerosene below cost in the third quarter. Indians richer! Per capita income at Rs 46,492
Per capita income of Indians grew by 14.5 per cent to Rs 46,492 in 2009-10 from Rs 40,605 in the year-ago period, as per the revised data released by the government on Monday. Posco gets a conditional green clearance
After putting the project on hold last year, Union Environment Minister Jairam Ramesh on Monday granted conditional clearance for South Korean major Posco's $12 billion steel mill project in Orissa. Number portability: How you can gain
Operators play a wait-and-watch game, as users take well-informed decisions while moving between networks. Why Pakistan is South Asia's sick man
As they struggle to pull the economy from the edge of a precipice, policy makers in Islamabad would do well to learn from India and Bangladesh. Upbeat govt revises GDP growth to 8%
The government on Monday revised the GDP growth rate for the 2009-10 financial year upward to 8 per cent from the earlier estimate of 7.4 per cent. Panel on 2G spectrum gives report, names officials
The one-man panel that went into the procedures for giving 2G licences between 2001 and 2009 on Monday submitted its report and is understood to have held some officials responsible for improper spectrum allotment. Infosys halts loan schemes for employees
Infosys Technologies, India's second largest information technology services firm, has discontinued some of its loan schemes for employees. Why did govt buy 111 planes for Air India: CAG
The Comptroller and Auditor General (CAG) is understood to have questioned the government's reasoning to order 111 planes for Air India for almost Rs 50,000 crore (Rs 500 billion) in 2006. Poverty: 20 alarming facts you must know
More than 25,000 people die every day of hunger or hunger-related causes, according to the United Nations. Egypt crisis takes toll on market; Sensex plunges!
The Bombay Stock Exchange's benchmark index -- Sensex -- plummeted by over 300 points in opening trade on Monday as panicky fund managers and retail investors gave into selling pressure for the fourth consecutive session, prompted by weak global cues amid concerns over the unrest in Egypt. PF war! This will decide interest on your savings
Labour secretary dismisses finance secretary's doubts, says there is enough in the account to pay 9.5%. Gujarat is growing fast, and for a good reason
Gujarat is growing fast. The rest of India has to trust, verify, but as Maulana Vastanvi pointed out, grow up as well.
January 28, 2011
India to beat US to become No.1 in ACs: LG
Korean consumer durables major LG on Friday said it will invest Rs 800 crore (Rs 8 billion) in 2011 to add capacity and for other purposes in India, which it expects will become its largest air-conditioner market in the world by next year ahead of the current leader US. Mercedes may develop small car for India
On the back of a thriving domestic economy fuelled by an increasing appetite for consumption, global auto giant Mercedes-Benz is looking at developing a small car for the Indian market, a senior company executive said. Investors lose Rs 11,000,000,000,000 since Diwali
The stock market on Friday plunged to its lowest level in nearly five months after three consecutive days of fall -- a period during which the benchmark Sensex plummetted by about 755 points, including a 288-point dip witnessed on Friday. Corruption? Biggest culprit is the Indian state
India is now wrestling with how to deal a decisive blow against corruption. The answer is plain: Deal a decisive blow against state interference in the economy. Do politicians want to bring black money back?
Innocent anchors in the media, especially electronic, are guilty of raising expectations of a gullible nation without realizing how these accounts operate. Why India was Obama's first stop on Asia trip
United States Commerce Secretary Gary Locke speaks to in an exclusive interview. Nations with the world's largest oil reserves
Although the world has enough oil to last it for some more years, it is not an unlimited resource. So which nations have the largest oil reserves in the world? Check this out . . . Corruption rising: 20 facts you must know
India continues to be among the world's most corrupt nations. Why PetroMin remedy may not beat the oil mafia
The petroleum minister's three-pronged approach does little to address the real issues of fuel diversion and adulteration, say experts. WalMart says it can help India fight inflation
WalMart International President and CEO Doug McMillon said in Davios that the Indian government's concerns over allowing foreign direct investment in multi-brand retail were misplaced. H-1B visa reaches mandated cap of 65,000
In a statement, US Customs and Immigration Services announced that it has received a sufficient number of H-1B petitions to reach the statutory cap for fiscal year 2011. Why iPad launch will shake up tablet market
The Apple iPad, the iconic touchscreen tablet PC, finally makes it to Indian stores on Friday, after it was first unveiled in the United States nearly nine months ago. Why Railways is incurring losses under Mamata
If the current revenue figures are any yardstick to go by, Railways could just about miss their target for the present fiscal ahead of the Rail Budget. World's most over-regulated nations; India tops
India has topped a list of the most 'over-regulated countries in the world' in a survey on Asian business and politics by Hong Kong-based Political and Economic Risk Consultancy Ltd. Tourism: One of India's most neglected sectors
Over the years, a type of caste system has also made its way into the way the political (and bureaucratic) leadership looks at different sectors of the Indian economy and then allocates its attention.
January 27, 2011
PetroMin rules out decontrolling diesel prices
With food inflation ruling at uncomfortable level, Petroleum Minister S Jaipal Reddy on Thursday ruled out freeing of diesel prices from government control, saying the move was not politically and practically feasible. 2G scam is linked to Dawood, alleges Jayalalithaa
AIADMK chief and former Tamil Nadu chief minister on Thursday demanded that the telecom ministry immediately cancel all the 2G licences, alleging that the spectrum money trail had close links with mafia don Dawood Ibrahim. Taj staff on 26/11, a case study at Harvard
The heroic response by employees of Mumbai's landmark Taj Hotel during the 26/11 terror attacks is now a case study at Harvard Business School that focusses on the staff's selfless service for its customers and how they went beyond their call of duty to save lives. New hypercar from Pagani at $1.5 million!
For those who love hypercars and like to stay updated about what's coming up, here is some news. Italian carmaker Pagani has come up with a replacement of its supercar Zonda. Indian ITs eye global automobile market
In-car connectivity demands and technology for interaction open various possibilities. Black money: What have you done so far, SC to govt
The Supreme Court on Thursday slammed the government again over the issue of illicit wealth parked in foreign banks, asking it to file a report on the action taken by it against people and firms that have stashed black money in tax havens abroad. Food is now costlier! Food inflation at 15.57%
Snapping the downward trend of two consecutive weeks, food inflation inched up marginally to 15.57 per cent for the period ended January 15, on account of escalating vegetable prices, particularly, onions. We are fed up with the West lecturing us: Premji
He particularly expressed his disappointment with the US seeking more market for its goods in the developing economies, while putting restrictions on its import of services. China to build world's biggest mega city
In six years, China is set to build world's biggest mega city developing nine cities around the Pearl River Delta. Mobike race: Mahindra & Mahindra off course
Competition in the two-wheeler market is fiercer than ever before and Mahindra's only motorcycle, Stallio, is bearing the brunt of it. 6 ultra-futuristic buildings that define new Asia!
Some of the weirdest, ultra-futuristic urban space ideas are being tried out in Asia for the first time. The whens and hows of Budget preparation
Preparations for Budget 2011-12 are in full swing. Intelligence Bureau sleuths in plain clothes are watching each and every movement of the team which prepares the Budget documents. Enough is enough, says Premji on corruption
Noted industrialist Azim Premji, who was named for the coveted Padma Vibhushan this year, has said he is 'extremely disappointed' with the performance of the government at the Centre. The decade's biggest cyber crime attacks
Cybercrime has flourished over the last decade, growing by double digits year after year, and costing consumers hundreds of millions of dollars every year. Key workers prone to highest stress
The study of 2,737 workers by the Centre for Addiction and Mental Health in Canada found that 18 per cent of them reported that their job was 'highly stressful'. NREGS: 60% rise in funding possible
The forthcoming Budget is likely to make a provision of Rs 64,000 crore (Rs 640 billion) for the Mahatma Gandhi National Rural Employment Guarantee Scheme in 2011-12, against Rs 40,100 crore (Rs 401 billion) in the current fiscal. All-new Manza and diesel SX4 set to arrive
While the market awaits the new sedan Maruti Kizashi, there is some more interesting information floating in from the Maruti and Tata stables regarding a diesel SX4 and a face-lifted Tata Manza.
January 25, 2011
'India is doing nothing to get back black money!'
Distinguished lawyer Anil Divan who is arguing the case related to black money stashed overseas discusses the legal details of the case and is optimistic that the illicit wealth can be brought back to India. 'We now know how to avoid a Great Depression'
An interview with Liaquat Ahamed, the 57-year-old author of Pulitzer Prize-winning book, Lords of Finance: The Bankers Who Broke The World. Will Railways suffer a loss this time?
If the current revenue figures are any indication, Railways could just about miss their target for the present fiscal ahead of the coming Rail Budget. India faces money laundering, terror-funding risk
India, which has witnessed numerous terror attacks and still remains a potential target for such strikes, faces significant money laundering and terrorist financing risk, the IMF has warned. Black money: Can't reveal names, says Pranab
Union Finance Minister Pranab Mukherjee said on Tuesday that there are no reliable estimates of black money generated by Indians within and outside the country, but it is estimated at being between Rs 500 billion and Rs 1,400 billion. Why RBI raised rates; how this impacts you!
The Reserve Bank of India in its quarterly monetary policy review has hiked rates. Ferrari FF: The 1st 4-wheel drive Ferrari unveiled
For all the Ferrari fans out there, here comes the new Ferrari FF two-plus-two coupe: the first production four-wheel drive Ferrari! Volkswagen Vento vs Honda City! Which is better?
Which car is better? Honda City Automatic or Volkswagen Vento Automatic? Honda City has been the favourite of the lot so far, but will the build quality and ride and handling capabilities of the German car manufacturer overthrow the current champion? Let us find out. Will mobile number portability help? Users speak
Mobile number portability is a dream come true for over 680 million cell phone users in India. Why rail budget, ministry must be done away with
The time is opportune for doing away with the practice of a separate rail budget, and for replacing the railway ministry with an umbrella ministry of transport. Swiss info on black money: India may have to wait
India may have to wait till at least next year for information from Switzerland on possible black money trail to Swiss banks, as a treaty for the same might come into force only by the end of 2011.
January 24, 2011
RBI may hike key rates as govt can't curb prices
Indicating another hike in key policy rates in its quarterly review on Tuesday, the Reserve Bank of India on Monday said that containing inflation would be the top priority as high rate of price rise could hurt the economic growth. Mahindra picks up stake in East India Company
Mahindra Group has acquired a minority stake in the East India Company, the global luxury brand owned by Indian-origin entrepreneur Sanjiv Mehta who relaunched the company here in August 2010. Why the new minister may not be good for Air India
But if the minister signals that he is on the side of the unions on key staff issues, he reduces the management's scope of action as well as the likelihood of better service. Why people from N-E excel in the services sector
Ronald Laloo, 51, who is from Meghalaya but whose work history runs from accounting in Pune to piano teaching in Delhi, explains that "There's no man's job or woman's job in our culture." How to unearth Indian black money in Switzerland
The government of India took note about the money kept by the Indian tax eva-ders in Swiss Banks, which is estimated at around $462 billion. How light combat aircraft Tejas was made
India's first light combat aircraft is the effort of 40 laboratories, 25 academic institutions and 300 companies. Wipro CEOs on why they quit
"Three-five years is the ideal time frame for a CEO to continue in the same position in a company," says Girish Paranjpe. How to build your world on the world wide web
Creating a website on your own may sound complex, but it isn't. There are hundreds of free programmes that let you choose templates (like a blog) to get going. Indigo to launch Rs 10-crore Agera supercar!
Swedish super sports car maker Koenigsegg Automotive AB has joined hands with Rahul Bhatia-promoted InterGlobe Enterprises to launch a range of high-end, high-performance models in India. Dear Mr FM, 7 suggestions for infrastructure
The Budget, by itself, has a limited ability to finance the country's infrastructure needs. However, its ability to create an enabling environment for raising capital and project development is increasing. Jobs are back! IT, auto, others to hire thousands
Jobs are back with a bang in India, proving it to be the most optimistic nation in terms of hiring plans. Now UK company sells samosas to Indians
Farsan, an Indian food company based in the east Midlands town of Leicester, has opened a new factory in Gujarat to produce snacks such as samosas and bhajis.
January 21, 2011
Who will bell the big banking cats?
This is the third and last part of a series on exotic financial derivatives, how they wreaked havoc globally, and why global financial institutions seem to resemble rigged casinos. Planning to buy a car? Pay more now
Cars have just got dearer with major automobile firms, including Maruti Suzuki India, Hyundai and General Motors, increasing prices this month in order to offset rising input costs. RIL Q3 net up 28.14% to Rs 5,136 cr
The Mukesh Ambani-led company had a net profit of Rs 4,008 crore (Rs 40.08 billion) in the same period last year. Trillions of dollars hidden in these tax havens!
The total amount of money stashed away in tax havens has been estimated at a whopping $11.5 trillion. Images: Stunning cars at the Mumbai Auto Show!
The Mumbai International Auto Show kick-started has with a bang. How Ravi plans to restore Air India's lost glory
The state-run airline is reeling under major financial losses and a plan of action has already been put in place to revive its lost status. GoM on corruption meets today to fast-track cases
The meeting of the GoM, according to sources, will be attended by several senior ministers, including Home Minister P Chidambaram, Defence Minister A K Antony, Railway Minister Mamata Banerjee and Telecommunication Minister Kapil Sibal. How Infosys plans to keep employees from quitting
Move is also aimed at increasing billing rate and margins. SC slams Sibal, asks him to behave responsibly
The Supreme Court on Friday severely criticised Telecom Minister Kapil Sibal for making statements undermining the Comptroller and Auditor General of India's report on the 2G spectrum scam and asked him to behave with some sense of responsibility. Govt works on money stashed abroad
The department is identifying tax evasion cases from the information it has got from various countries under the normal exchange route. The story of Satyam's stunning turnaround
Two years after the scam broke, Satyam is almost back on track. Here is the story of the impressive turnaround. Of reshuffle and the Indian economy
PM's new Council can have a macro-economic impact. Larry Page to replace Schmidt as Google CEO
Schmidt who has been the CEO for a decade will continue on as executive chairman. Wipro IT chiefs quit; Q3 net up 10%
IT major Wipro on Friday reported 9.75 per cent increase in consolidated net profit at Rs 1,284.9 crore for the second quarter ended September 30. Number portability: Telcos offer special plans!
The new policy would force the operators to shift focus from acquiring new subscribers to retaining the existing ones. Apple neglecting workers' health: Chinese groups
Dozens of environmental groups in China have accused Apple Inc for neglecting safety standards, indulging in labour abuses and polluting the environment as a result of which about 200 workers fell sick. Disclose names of Swiss bank account holders: CPI
With a Swiss bank staffer handing over details of 2,000 secret Swiss bank accounts to whistle-blowing site Wikileaks, CPI demanded that names of Indian account holders be disclosed and their funds confiscated. Road test: Toyota Etios passes with flying colours
So, how impressive is the Toyota Etios? We find out as we drive one. IMAGES: Driving the fantastic Audi A8L!
The Audi A8L's pricing is yet to be disclosed, but we believe it will be close to Rs 80 lakh.
January 20, 2011
Obama calls for healthy competition with China
US President Barack Obama has called for a spirit of constructive cooperation and healthy competition with China, as differences with Beijing on key global and bilateral issues remained even after his meeting with President Hu Jintao at the White House. Amazing success story of an Indian chip designer!
The story of Dasaradha Gude, better known as 'GD', is almost like a fairytale. Read on . . . No proposal to hike diesel prices: Minister
There is no proposal on the anvil for an increase in prices of diesel, Reddy told reporters after taking charge of the new ministry. 'We expect India's sustained growth to continue'
We expect the Indian equity market to continue attracting interest from local as well as foreign investors. This is because India's economy is expected to continue to record sustained economic growth. Mahindra's big plans to transform the company
Rise, the new branding initiative, is in tune with the group's growing global footprint, but experts say the real work has just begun. Images: Watch out for great car upgrades this year
The overwhelming response to Toyota's recently launched sedan Etios hints at the rising buyer interest in sedans. In the wake of that a lot of carmakers have either updated their models or are planning to do so. Malegam panel caps MFI interest at 24%
The committee said that to qualify as an NBFC-MFI, an NBFC should provide financial services predominantly to low-income borrowers. No quick fix solution to tackle black money: PM
Prime Minister Manmohan Singh said there is "no instant solution" to bring back blackmoney stashed in foreign banks and that information with government cannot be made public due to treaty obligations. MNP effect: Service providers alter gameplans
With over 600 million mobile subscribers set to get a choice to change their operators while retaining their numbers from Thursday by availing mobile mumber portability, service providers are using every trick in the marketing trade to retain their customers and woo new ones. Illicit money outflows: Top 10 nations
India is Asia's fourth largest exporter of illicit capital with an estimated outflow of a whopping $104 billion between 2000 and 2008. India's fab 20! Hidden engines of global economy
As many as 20 Indian companies have been identified, in a list of 100 firms from emerging markets in a report of 'BCG Global Challengers 2011', as businesses that can challenge existing Fortune 500 firms over the next five years. IMAGES: India's 50 most trusted brands!
The research report titled, 'The Brand Trust Report, India Study, 2011', ranks India's leading brands on the areas of capacity to trust; perception of positive intention; and relevant competence.
January 19, 2011
Industrialists must act as whistle blowers: Jairam
Jairam Ramesh denied that he was going after the big fish to get into limelight. Swiss par panel nods new tax treaty with India
The amendments to the treaty will now be placed before the Swiss Parliament for final approval. FAQ: What are Swiss bank accounts?
This article aims at shattering some myths surrounding Swiss bank accounts by answering some very basic questions. India's 20 highest dividend paying companies
As companies make robust gains, they hand out a share of their profits to shareholders. Black money abroad: SC calls it theft; blasts govt
The Supreme Court on Wednesday expressed displeasure over the government's reluctance in coming forward with full information on the black money stashed by Indians in foreign banks, saying it as a theft of national wealth and amounted to 'plunder' of the nation. Images: India's 6 most popular airlines!
India's domestic air traffic continued on its robust growth path this winter recording the highest number of passengers carried between October and December last year. How Munjals fell prey to the Citibank fraud
"The modus operandi was simple: Divert the money to the stock markets. It seems it was a structured product, which most people don't understand, as it could be a pure equity or blended product." Is UPA govt a flop? Here's what the aam aadmi says
Be it inflation, petrol price, corruption or scams, the UPA's progress report has been dismal. Honda hatchbacks for India in 2011-12
The year 2011 too has a number of hatchbacks ready to be launched. Climate 2020: India to be hardest hit
The Earth will be 2.4 degree Celsius warmer by 2020 if the world continues with the business-as-usual approach to climate change. Salaried taxpayers may be spared filing returns
Salaried taxpayers with no other income could get a respite from filing tax returns. TCS to hire 37,000 freshers next fiscal
IT major Tata Consultancy Services plans to hire 37,000 professionals for its domestic and overseas markets through campus placements in the next fiscal. Digvijay blames price rise on state governments
Speaking to mediapersons in Lucknow, he said, "There is no mechanism with the central government to curb the rising price of vegetables including onion; that can be done by the state governments." Taxpayers may get refund within a month!
Delay in receiving income tax refunds has been a major complaint of taxpayers and the department is hoping to address the issue on priority basis.
January 18, 2011
TCS to hire 37,000 freshers next fiscal
IT major Tata Consultancy Services plans to hire 37,000 professionals for its domestic and overseas markets through campus placements in the next fiscal. Why currency derivatives are like rigged casinos!
This is the second part of a 3-part series on exotic financial derivatives, how they wreaked havoc globally, and why global financial institutions seem to resemble rigged casinos. Rail Budget: Mamata not likely to hike fares
The Indian Railways has called a two-day meeting of all zonal railway managers in New Delhi this month to review ongoing projects and discuss measures to improve the financial position in wake of a stiff rise in running cost and fears of the PSU missing earning targets. Steve Jobs on illness, and death!
Jobs is again unwell and has taken 'medical leave' to deal with the problem. Wanted: More information on public projects
With public has access to such info, it would become much harder for entrepreneurs, bureaucrats and political leaders to break the rules for their own gain, says . IMAGES: The world's 15 tallest buildings
A look at world's 10 tallest towers. The secret behind BMW's success in India
Within two years of entering the Indian passenger car market in 2007, BMW toppled rival Mercedes-Benz to become the numero uno luxury car maker of the country. Reveal Swiss bank account holders' names: BJP
Claiming that about Rs 21 lakh crore (Rs 21 trillion) had been deposited in Swiss banks, the BJP said instead of trying to suppress fact, the government should publicise the names particularly after WikiLeaks report on the matter. Meet Indian pharma's generation next
At a time when the Indian Drug Manufacturers' Association (IDMA) is also celebrating its 50th year of inception, many mid-cap pharma companies like Indoco are seeing the baton being passed down to the next generation. Cyber war? Not possible, says a study
Heavy lobbying, lurid language and poor analysis are inhibiting government planning for cyber protection, according to the new report on Systemic Cyber Security published by the Organisation for Economic Cooperation and Development. Silver may outshine gold this year
The past year saw some spectacular rallies in silver with prices rising 80 per cent on perception of it being a store of value, continuing shrinkage of above-ground refined silver and demand staying ahead of supply. An open letter to our leaders on corruption
A group of prominent personalities, including industrialists Azim Premji, Keshub Mahindra and Deepak Parekh, have expressed concern over a series of scams leading to 'governance deficit'. How Europe is learning to live with offshoring
Europe learning to live with offshoring, but Indian firms slow in riding the shift. A bumpy ride ahead for Bajaj's low-cost car
Bajaj Auto's ultra low-cost car project may have a bumpy ride ahead, with partner Renault India still to take a final call on branding and marketing the vehicle. IMAGES: The stunning Audi R8 at Rs 1.33 crore!
BMW and Mercedes now have a worthy opponent in the A8 for their models in the 7 series and S class respectively. Let's take a look at the various aspects of the new Audi A8: Inflation woes: Desperate RBI may hike rates
Bonds slide on fears of sharper-than-expected policy rate hike. Sibal's zero-loss claim carries zero credibility!
Maintaining the zero-loss claim, therefore, involves justifying the failure to do proper price discovery, as through the spectrum auction in 2010 for 3G services. How to curb corruption? Scrap Rs 500/1,000 notes!
The government needs to announce a cut-off date (say March 31, 2011) about 2-3 months in advance for scrapping the big bills. In this 2- to 3-month period, people can go to banks (authorised for this purpose) with their existing bills of Rs 1,000 and Rs 500, and exchange them for the bills of Rs 100 denomination. Why India needs to be afraid, very afraid
Beneath the feel-good is an environment that breeds bubbles. How UPA policies have hurt farmers, agriculture
The farmer continues to be burdened by debts, both from banks and other institutions, says .
January 17, 2011
Swiss banker gives info on super rich to WikiLeaks
A former Swiss banker on Monday handed over documents of 2,000 high net worth people from the United States, Britain and Asia to WikiLeaks that he claims would expose attempts by these business leaders and lawmakers to evade tax payments. Cameras to suit your style and pocket
The SH-100 is equipped with a 3-inch touchscreen that shows camera functions in "app-style" icons. It's very easy to control multiple camera functions by dragging and clicking the icons on the touchscreen display. The mysterious case of missing $500 billion!
Here is the first part of a 3-part series on exotic financial derivatives, how they wreaked havoc globally, and why global financial institutions seem to resemble rigged casions. IMAGES: These cars will steal your heart!
Check out the stunning beauties at the North American International Auto show. Does Mamata have a useful business plan?
The Trinamool would do well to adopt policies that encourage economic regeneration. 'Metro Man' Sreedharan blasts private contractors
Known for implementing projects with precision, Sreedharan is critical of private developers and warns against their raising claims on the government in future. Pesky calls: Stricter norms, a boon in disguise?
The Telecom Regulatory Authority of India's decision to enforce stricter norms on unsolicited calls and text messages may well be a boon in disguise, feel organised mobile marketing companies. Taxman plans super sleuth to monitor cash trails!
Under a blueprint currently being vetted by the I-T department, the directorate will house a centralised repository of data culled from telephone and Internet intercepts, banking and market transactions, cross-border deals and even your friendly neighbourhood ATM. Why the worst may not be over for Indian stocks
Further downside seen amid high commodity prices, tight liquidity. 2G scam loss: Montek too says CAG was wrong
In an interview with Karan Thapar on the CNN-IBN channel's Devil's Advocate programme, Planning Commission Deputy Chairman Montek Singh Ahluwalia explains why he faults the controversial report of the Comptroller and Auditor General on 2G telecom spectrum allocation. Edited excerpts: Managing finance: Indians beat Americans
Majority of Indian consumers have better skills in managing their household financial budget. Petrol rates soar, but IOC wants bigger hike
Facing criticism for increasing the retail price of petrol, government-owned Indian Oil Corporation has said the desired increase was actually Rs 3.72 a litre but it chose to "soften the impact on customer" by increasing the price by only Rs 2.50 a litre. Here come the upgraded Altis, Dzire and Civic
A few days into the New Year and news about more car updates is doing the rounds.
January 14, 2011
Anil Ambani, 2 firms barred from markets till 2012
Market regulator Sebi on Friday barred Anil Ambani-led Reliance Infra and RNRL from investing in secondary market till 2012, besides imposing a charge of Rs 50 crore (Rs 500 million) for settling a probe into alleged unfair market dealings by the two firms. Most popular banks: HDFC Bank tops; SBI 4th
Private sector lender HDFC Bank has emerged as the country's most popular bank for the year 2010 in terms of online visits, says a report. Black money abroad: Govt has info, but won't share
The court's remarks came after the government contended that it has got the information from the German government pertaining to the bank accounts of Indian citizens in Liechtenstein Bank there. Maruti Kizashi to hit the roads soon
These cars are priced between Rs 12 lakhs (Rs 1.2 million) and Rs 20 lakhs (Rs 2 million). 'There's an incredible excitement about Mumbai'
As London gears up to host the 2012 Summer Olympics, Boris Johnson, the Mayor of London, tells what Mumbai can take away from London's plans for renewal and expansion. World's most inventive companies: IBM tops
Global IT giant IBM said it received 5,896 patents in the US in 2010, topping the list of world's most inventive companies for the 18th consecutive year. What the world envies about China
China could become the world's largest economy (by nominal GDP) by 2020. Inflation shoots up to 8.43%; RBI may hike rates
Inflation shot up to 8.43 per cent in December, from 7.48 per cent in the previous month, as prices of certain food and non-food items continued to show an upward trend. Govt plan to curb price? Set up another committee!
Measures announced in the past such as an export ban on onions, pulses, edible oil and non-basmati rice will continue. Restriction on the export of more commodities would be imposed, if required. India, China must raise wages: US
"When wages rise in China, India, Brazil and elsewhere it helps relieve downward pressure on American wages," Labour Secretary Hilda Solis said. Starbucks comes to India, courtesy Tata Coffee
Agreement includes opening cafes, bean sourcing and roasting. Gujarat attracts Rs 20.83 lakh cr investment
Gujarat Chief Minister Narendra Modi said the state has been able to attract investments to the tune of Rs 20.83 lakh crore during the two-day long Vibrant Gujarat Summit. The 27 highest paid executives in India
The salaries of some of the best paid CEOs rival earnings of top movie stars. Good news! Housing prices to fall in Mumbai
Residential property prices in Mumbai are likely to fall by 10 per cent this year. British royal wedding: China to mint money!
Chinese manufacturers are cashing in on the British royal wedding craze as they churn out tens of thousands of replica royal engagement rings for the world. UPA has miserably failed to check prices: CPI-M
Indicating a scam in the export and import of onions and some other essential items, CPI(M) on Thursday said the prices of these commodities were rising even when there was more than enough supply in the market.
January 13, 2011
Ambanis seek settlement on separate probes
In what could be a coincidence, the two Ambani groups have separately approached the Securities and Exchange Board of India for settlement of probes by the regulator in two separate cases of alleged violation of trading regulations. What's in a name? Bajaj Auto's mega change
In just three months from now, 'Hamara Bajaj' could become 'Hamara Pulsar' or 'Hamara Discover'. 10 riskiest and least risky nations to invest in!
India ranks as the 22nd riskiest sovereign country, seen as most likely to default on debt and unable to honour its debt obligations. Patel on how Air India will regain its lost glory
The civil aviation ministry recently held a series of meetings to review the restructuring exercise of Air India, besides related issues. Images: A day in an Indian farmer's life
Despite toiling hard for long hours, they hardly get the right price for the produce nor do they get timely assistance from the government. Premium housing: Growth may be slow
The real estate industry will witness new launches in the premium residential segment in 2011, on the back of demand revival and good prospects in the economy, albeit at a slower pace. 20 exciting cars coming your way in 2011!
If 2010 saw a flurry of new cars, 2011 will only see more. Here are some that should matter, or just be eye candy: Infosys hires 5,311 in Q3
The company reported consolidated net profit at Rs 1,780 crore (Rs 17.8 billion) as against Rs 1,737 crore (Rs 17.37 billion) in previous quarter, a growth of 2.48 per cent (based on IFRS - International Financial Reporting Standards). What Montek told the Indian diaspora
At the annual Pravasi Bharatiya Divas, organised by the government ostensibly to celebrate the country's connection with the 27-million-strong Indian diaspora living in 150 countries, Mr Ahluwalia said last Sunday that India was reaching out to NRIs not for their money, but because it valued the long, socio-cultural footprint all Indians living in India and abroad shared. Food inflation falls, vegetable prices still high
Snapping the five week rising trend, food inflation softened to 16.91 per cent for the week ended January 1, 2011. Dealivores love online deals!
Satish Madhira, managing director of the Hyderabad-headquartered, says that although online deals and coupon sales are nothing new outside India, his start-up is a new concept in India. Five investment products to suit your needs
It is important to set your goals from your investment so that your investment can work accurately for you. For example, one must know the time and amount of money that he / she will need in the future. How to choose a car loan that's best for you
Most of the banks and NBFCs lure consumers with interest rate discount of 0.25 to 1 per cent on car loans. The dealers also offer good cash discounts and freebies at this time. However, you need to sift through the offers and bag the deal that ideally suits you. Do you overspend? Here's how to save!
Planning your budget has nothing to do with conforming to set patterns. It merely makes you aware of your financial situation and helps you create a contingency fund to tap into, when in need. Selling the Nano: Tata Motors gets into high gear
Company officials hope that a slew of recent measures will help revive sagging volumes.
January 12, 2011
IndiGo to buy 180 A320s; largest planes order ever
In the single-largest aircraft deal in global aviation history, no-frills carrier IndiGo will acquire 180 A-320s worth an estimated $15.6 billion from European plane manufacturer Airbus. GM to launch 6 new cars; invest $100 mn in Gujarat
The company, which plans to launch three light commercial vehicles from the stable of its Chinese partner Shanghai Automotive Industry Corporation during the same time period, also said it has lined up to introduce 14 new variants of its existing car models. Price rise: Pawar's NCP, BJP hit back at Rahul
The Nationalist Congress Party (NCP) on Wednesday hit back at Congress General Secretary Rahul Gandhi for holding coalition politics responsible for price rise, saying it was an injustice to blame Agriculture Minister Sharad Pawar alone for the issue. Big guns pledge over Rs 160,000 crore for Gujarat!
Heaping praises on Gujarat Chief Minister Narendra Modi's leadership for not only driving industrial growth but also boosting rural development, Ratan Tata on Wednesday said the Tata Group will partner the state in providing transportation into the hinterlands. Punish elite, white-collar crooks heavily: Murthy
Software icon N R Narayana Murthy has bemoaned that the 'elite' are going unpunished though they commit 'huge crimes' in the country and saw it as 'problem with this society'. 'Respected my elder brother, Shri Mukesh Ambani'
Anil Ambani on Wednesday produced much mirth at an investment meet here when he greeted his elder brother Mukhesh Ambani. Sibal's 2G scam defence: Is the PM his target?
Whether Sibal has effectively defended Raja or not as a counsel is unclear, but his target seems to be the prime minister, feels . Anil Ambani pledges Rs 50,000 crore for Gujarat
Anil Ambani said on Wednesday his Reliance Group will invest Rs 50,000 crore (Rs 500 billion) in Gujarat in the next 5-7 years on various projects as the firm looks to tap opportunities in the state. AI to hire 700 to meet its shortage of cabin crew
In one of its largest hiring programmes since the Indian Airlines-Air India merger, the airline is increasing cabin crew by 700 to tide over the current shortage. New hires will be a mix of trainees and experienced staff. Market falling: What investors must do
If 2011 is going to be a bearish year, traders could seek alternative investment and trading options. FM not in the mood to cut income tax rates
Finance Minister Pranab Mukherjee is not in a mood to cut taxes but may continue with stimulus in the budget for 2011-12, feel industry representatives who met him for Pre-Budget interactions. 20 stunning cars at the Detroit Auto Show
The North American International Auto show in Detroit completes 23 years in 2011. Sebi warns of Iran money in stock market
In order to safeguard Indian markets from money laundering and terror financing risks from Iran, watchdog Sebi has asked market players to be cautious in dealing with entities and funds from that country. What are the rights of a loan defaulter?
Defaulting on a loan is an associated risk that comes from borrowing and sometimes circumstances beyond your control can cause you to be dragged into a spiral of debt. n Images: Sleekest, most stylish gadgets for 2011
The annual Consumer Electronics Show in Las Vegas showcased smartphones, tablets, 3D- and Internet-enabled TVs that are expected to make the biggest splash in 2011.
January 11, 2011
Indian investors can now trade in global indices
Indian stock market regulator, the Securities and Exchange Board of India, on Tuesday paved the way for Indian investors to trade in large indices of 24 global exchanges, including that of the United States, Europe and Asia. Market crash: India's 10 most valuable firms now
The market capitalisation (m-cap) of nine of the country's top-10 firms diminished by Rs 67,964.18 crore during the week, with oil and gas major ONGC bearing the maximum brunt. Here come the car, SUV, mobike of the year!
Honda's economy motorcycle Twister was chosen Bike of the Year. Phaneesh Murthy: On Patni and what lies ahead
In a discussion with Business Standard, Murthy shares the roadmap ahead. Must read! How to manage credit card debt
Unfortunately not everyone is aware of the pitfalls of owning a credit card. Once again, consumers lead the way
Tracking of consumers has helped shape many moves of Shoppers Stop - from merchandising and increasing the ticket size of purchases to opening of new stores. How India can change its 'job taker' tag in the US
India's top IT companies need to open new facilities in the United States to create more employment opportunities for locals and to change the perception that they were job-takers, a leading US business forum representative has said. Why Sahara paid Rs 3,300 crore for a London hotel
visits Grosvenor House to see why Sahara paid pounds 470 million for this pre-World War II hotel. Why food is costlier and TVs cost less
Twenty years ago, a branded 1.5-tonne window air-conditioner cost about Rs 30,000; today, you can get a split AC unit for that price. Why has that not happened with vegetables? Why BMW is king of India's luxury car market
In an effort to bring a new set of consumers on board, luxury car maker BMW recently launched its least expensive name-plate - the BMW X1. It's all about 3D in 2011
It appears that 2011 will be the year of 3D again for the consumer electronics industry. While 2010 CES "was certainly defined by 3D" (included 3D content, hardware and services), 2011 CES will again play home to the entire 3D ecosystem, according to Shawn Dubravac, CFA, chief economist and director of research, Consumer Electronics Association. Soaring housing prices: Demand to slow down
Housing demand is likely to slow down due to higher prices and increased home loan rates in the current year, rating agency Fitch said on Monday. Images: India's hottest selling passenger cars!
The Indian passenger car market is booming like never before. With almost every car major already present in the Indian car market with various models, India is one of the hottest automobile markets in the world. Secret behind successful firms? It's innovation
Companies with a continuous product development pipeline have been able to deliver sustained profitability and growth. Sensex fall: Rs 500,000 crore lost in 5 days!
Investors' stock market wealth has plunged by nearly Rs 500,000 crore (Rs 5 trillion) in five straight days of trading, as the market continued its downslide on Monday with a 468-point plunge in the benchmark Sensex.
January 10, 2011
Rs 1.76 lakh crore loss: CAG stands by its report!
Amidst the controversy over its figures of revenue loss on account of allocation of 2G spectrum, government auditor, the Comptroller and Auditor General, on Monday said it stood by the report submitted to Parliament late last year. Investment options for 2011
Even as investors may get worried over periods of uncertainty, one can expect volatility to give ample opportunities to maximise profits in 2011. iGate seals Patni deal for $1.22 billion
US-based iGate on Monday said it has acquired nearly 63 per cent stake in country's sixth largest IT firm Patni Computer Systems for $1. 22 billion. WB chief minister sells car dream at Singur again
The West Bengal chief minister did not have anything new to offer to Singur and its people, except that the site would be used for an industrial project. IMAGES: Cars that will set your pulses racing
Here are some fantastic cars that will make you drool... Growing economy: What's India's missing link?
No great economy is generated without innovation and invention, and embedding them in the growth process. This is India's missing link. Onion prices to rise, I-T raids continue
In a move that could further push up Onion prices, traders in Nashik and adjoining areas today went on two-day strike against tax raids and disrupted supply to contracting traders from other states who are being forced to sell the vegetable at 'below the cost price'. 2G scam: Who's correct CAG or Sibal?
There is nothing sinister or diabolic about Union minister Kapil Sibal's latest argument regarding the findings of the Comptroller and Auditor General (CAG) of India pertaining to the loss to the exchequer from 2G telecom licences in 2007. 2G licence cancellation: SC notice to govt, telcos
The Supreme Court on Monday issued notice to the central government on the plea seeking cancellation of 2G spectrum licenses allocated during the tenure of former telecom minister A Raja. Why the Sensex crashed again
The indices had recovered from its lowest in four-weeks after investors took to bargain hunting in select sectors in mid-morning trades but dropped following weakness in banking space. How Gujarat's urban push is attracting big bucks
From residential townships to solid waste management, urban development in Gujarat is set to attract big money during Vibrant Gujarat 2011 Summit this year. Citi fraud: Puri played big bull, finds probe
Both the Securities and Exchange Board of India and the Reserve Bank of India were trying to find if Puri was also involved in front-running and used his information on positions taken by Citi for placing bets, said an official with one of the regulators. Home loan rates to remain firm for now
The central bank last year had raised key policy rates which resulted in tightening of liquidity, a step aimed towards addressing inflation concerns. Budget: Will the govt tinker with income tax?
Currently, income between Rs 1.6-5 lakh (Rs 160,000-500,000)attracts 10 per cent tax; Rs 5-8 lakh (Rs 500,000-800,000)20 per cent and beyond Rs 8 lakh 30 per cent. Votes are in! These are India's best brands
Please take the poll at the end of the slide show to select the one which you feel is India's top brand. 18 technology marvels that floored us in 2010
In this slide show, we present 18 breathtaking technological marvels.
January 07, 2011
2050: India to beat US as second largest economy
India has the potential to supersede China to the top spot, says a report published by PwC. Audi e-tron Spyder and the hottest gizmos!
The Audi e-tron Spyder is the centre of attraction at the Consumer Electronic Show at Las Vegas. 2G scam: No loss to the country, says Sibal
"The figure of Rs 1.76 lakh crore (Rs 1.76 trillion) arrived at by the Comptroller and Auditor General of India is utterly erroneous," Union Telecom Minister Kapil Sibal said on Friday while addressing a press conference in New Delhi. I-T dept swoops down on onion hoarders
Though the surveys were still going, the IT sleuths said they are investigating the records and books of accounts of these traders to ascertain the mismatch between physical stocks of goods and stocks maintained in account books. Karnataka, Gujarat best for investment: US
Gujarat and Karnataka are the "role models" of a competent and transparent government and a progressive leadership that can attract investors in the coming years, according to a leading US business forum representative. Sensex crashes by 550 points; inflation to blame
The Bombay Stock Exchange's benchmark 30-stocks index -- the Sensex -- tumbled by over 500 points on Friday on fears that the Reserve Bank of India will increase interest rates to curb surging inflation. Oil imports from Iran stop as SBI refuses payment
Afraid of US sanctions, State Bank declines payment facilitation for oil imports from Iran. Meet the man behind India's Genome Valley
This is the amazing story of Dr Krishna M Ella, a scientist who turned into a serial entrepreneur. Air India advised no hike, promotions for 3 years
The airline has an annual wage bill of Rs 3,100 crore (Rs 31 billion) and the report has said as many as 2,600 employees will retire during the period of freeze. Interception solution: BlackBerry wants 2 years
Blackberry has asked for 18-24 months to provide a complete solution for interception of its Enterprise Mail, but with a condition that its services would not be banned, a guarantee that the government declined to give. The 6 outstanding winners of the Infosys Prize
The Infosys Science Foundation on Thursday awarded winners of Infosys Prize 2010 recognising their outstanding achievements in scientific research. World's 15 most valuable companies
After beating Microsoft to become the world's most valuable technology stock last year, Apple is now the world's second most valuable company. Millions of cars, but where are the roads?
When the world's cheapest car was launched to global fanfare at the 2008 Delhi Auto Expo, a Singaporean journalist asked Ratan Tata whether he had considered the traffic implications once the Nano hit the roads. Global IT spending to grow 5.1 pc in 2011
According to the latest outlook by IT research and advisory firm Gartner Inc global IT spending is forecast to a total of USD 3.6 trillion in 2011, a 5.1 per cent increase from the previous calendar year.
January 06, 2011
Govt can't control food prices: FinMin adviser
As food inflation surged to 18.32 per cent, a top adviser in the finance ministry on Thursday agreed with Home Minister P Chidambaram that the government does not have all the tools to control food prices since it is an enabling body. Meet the man who lost Rs 32 cr in Citibank fraud
"I believe it is important for an investor to not put all their eggs in one basket, and also diversify in terms of asset class," says Sanjeev Aggarwal. India to keep booming, but inflation a worry: IMF
The multilateral lending agency, however, expressed concern over rising prices and underlined the need Pakistan bans export of onions to India
Pakistan has imposed a complete ban on the export of onion to India via Wagah-Attari land route, a development which may hit Indian government's efforts in rein in skyrocketing prices of bulb in the country. The hottest gadgets at the top electronics show
With 2,700 exhibitors, this year's Consumer Electronics Show (CES) showcases some of the world's hottest gadgets. Prices just keep rising! Food inflation at 18.32%
The rise in food inflation has been mainly on account of 58.58 per cent rise in prices of vegetables in the wholesale market. Citibank fraud: Who is to be blamed?
In a startling development in the multi-crore financial scam in Gurgaon, investigators have now trained their guns on more local Citibank executives, and have decided to ask them to appear for questioning. Sensex may hit 24,000 this year
The stock market is looking forward to a record-breaking year ahead in 2011, with hopes that the Sensex may trade above the 24,000-mark, given the economy is roaring, foreign investors are pouring money and scamsters will be kept at bay. 'Further rise in petrol prices likely'
With the government expressing its reluctance in raising prices of diesel and domestic LPG, the oil marketing companies may be forced to go for another round of increase in petrol price. Vote: Which is India's best brand?
Please take the poll at the end of the slide show to select the one which you feel is India's top brand. Graphics: What China will look like in 2015
China's rapid economic growth will continue to support its people to accumulate wealth.
January 05, 2011
Read this! New rules for using ATMs
Next time you go to a bank ATM, be ready to re-enter your PIN afresh for every transaction you wish to conduct, such as money withdrawal, balance enquiry and checking account details. Fraud: Cops not to question Citibank CEO Pandit
The Gurgaon police on Wednesday ruled out the possibility of questioning Citibank's global CEO Vikram Pandit and other top honchos in connection with the Rs 300 crore (Rs 3 billion) fraud at a bank branch in Gurgaon, near Delhi. In 3 years, India to be 4th largest car market!
India will become the world's fourth largest passenger vehicle market in the next three years, but will require an investment of about $20 billion to build up to nine new plants to meet the demand by then, according to global consultant Booz&Co. Alarming levels of lead found in all paint brands
Officially-backed survey finds unacceptable levels of lead in paint brands. IMAGES: Sedans to watch out for in 2011
If the year 2010 was the year of the hatchbacks, it appears that the year 2011 is all set to be big on sedan launches. What to expect from the Budget
Ashok Chawla outlined the key thrust areas of Budget 2011. Gujarat not an investment hotspot, says Congress
Modi's claims of Gujarat as an attractive investment have now been questioned by the Congress party. How you can calculate your tax, plan investments
Here's a ready reckoner on how to calculate your tax dues so that you can plan your investments accordingly.
January 04, 2011
It's poor farmers vs Gujarat government and Nirma!
The story of land allotment in Mahuva in Saurashtra, Gujarat, is sensational even in this season of scams because here the government allotted its land to a private party, Nirma, and the place allotted was actually a reservoir! NREGA employed 4 crore people in 2010
Nearing the four crore (40 million) mark in providing jobs under MGNREGA, re-launching the Provision of Urban Amenities in Rural Areas scheme and reinforcing social audit in programmes on complaints of irregularities were the foremost tasks of the rural development ministry in 2010. Now cars, consumer durables to cost more
With a 4-5 per cent rise in steel prices on January 1, cars and consumer durables are set to get dearer. The riches that Shirdi Sai temple owns
The famous pilgrimage centre of Saibaba temple in Shirdi, one of the richest temples in Maharashtra, has ornaments and jewellery worth over Rs 32 crore (Rs 320 million) and investments running into Rs 427,17,02,929 (Rs 420.17 crore), according to official documents. Singur wants Tata Nano plant back, offers help
The local people of Singur in West Bengal have assured Indian automobile major Tata Motors of full cooperation for setting up a plant, prompting the industrial giant to consider meeting the representatives in this regard. India's fiscal worries: No change in 20 years
The finance minister today grapples with the same fiscal worries of two decades ago Here's how you can avoid a double tax trap
The result is often sub-optimal, neither benefiting the taxpayer nor the chartered accountant preparing the tax returns - in fact, due to the sheer paucity of time, often one may end up underpaying or actually paying more tax than what was actually due. Cars, bikes that you can look forward to in 2011
A glipse of what carmakers have in store for you. How Wikileaks will change the online world
The total amount of data on the world's computers is thought to have crossed 1 zettabyte - a trillion gigabytes. Here are some great tax-saving schemes!
Section 80c has plenty products for those wanting to invest and save taxes. A quick look. Ramesh reveals how India pleaded at Cancun
Union Environment Minister wrote a letter to Members of Parliament on the Cancun climate conference outcome, explaining how the Indian delegation pleaded with the international body and why it was not a 'sell out' as was alleged by the opposition political parties to describe his stance. Noise pollution! How it can harm the economy
India needs campaign against noise pollution with rising audible assertion of upwardly mobile, says . Resolution for 2011: Get rich
This is not about the merits of financial prudence and abstinence. Rather, this is about just simple tips, whereby you can end 2011 a bit richer than what you were at the end of 2010.
January 03, 2011
The inspiring story of India's 'start-up guy'
Vijay Anand, vice president (new ventures), Rural Technology and Business Incubator, at IIT-Madras, is the man behind incubating new ideas for rural India. Prime Minister: Rishyashringa or Dhritarashtra?
The prime minister's silence is not a virtue when his integrity is being questioned, says . India to soon have navratna universities
In his keynote address at the 98th Indian Science Congress at SRM University near Chennai, Sibal said that this would be achieved by measures including generous financial support and access to external funding. Good news! India rejects Abbot's HIV drug patent
India has rejected a drug patent application of a United States multinational pharma company, paving the way for easy access to an important life-saving medication for HIV patients across the globe. A low-profile successor to Ratan Tata?
He has the reputation of being a stable performer, more comfortable with details than the big vision. looks at what could work for Noel Tata in the race to succeed his half-brother, Ratan Tata. Citi case: Hero staff sent to 5-day police custody
The fraud is said to be the handiwork of Shivraj Puri. How to start a business for less than Rs 50,000!
Two Delhi-based young women show how entrepreneurship can be unleashed even with as less as Rs 50,000. Buying a car? Pay more this year
Due to rising input costs, Tata Motors on Saturday raised prices of its passenger and commercial vehicles by Rs 3,000-30,000 with immediate effect. Jet rolls back salary cut, perks to be restored
Jet Airways, India's biggest airline in terms of the number of passengers carried, has decided to roll back the salary cut of its over 10,000 employees completely from this month. Nano: It has been a topsy-turvy ride
Nano's sales have been sliding. How does Tata Motors plan to bring the excitement back? Markets: Expect 10-12% returns in 2011
Focus will shift to midcaps/smallcaps and firms with lower leverage, believe analysts. Infotech in 2020: The $300 billion question
A National Association of Software and Services Companies study done by McKinsey suggests that the industry has quadrupled its gross domestic product contribution to four per cent, contributed to 45 per cent of all incremental urban employment created in the last 10 years, employed over two million people and gave impetus to new entrepreneurs, and increased the number of tertiary education institutions in the country. IMAGES: The closest rivals of Toyota Etios
With the sedan, Toyota has evoked concern in a number of existing players. December 2010 | November 2010 | October 2010 | September 2010 | August 2010 | July 2010 | June 2010 | May 2010 | April 2010 | March 2010 | February 2010