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Business News - Fri, Feb 10, 2012
ED issues foreign exchange violation notice to Google
The Enforcement Directorate has issued a foreign exchange violation notice to internet giant Google for alleged irregularities in transfer of funds to its foreign entities.
Workplace stress levels slow down
There has been 'a slowdown' in workplace stress in the country, as the businesses are adjusting to more realistic performance goals, a survey by the advisory firm Grant Thornton says.
IIP doesn't reflect real growth; change it: Adi Godrej
Industrial production grew by just 1.8 per cent year-on-year in December 2011 due to contraction in mining and capital goods sectors and a lower manufacturing sector growth.
IIP growth disappointing, revival expected soon: FM
Factory output growth, as measured by the Index of Industrial Production, fell sharply to 1.8 per cent in December 2011, from 8.1 per cent a year ago, mainly on account of contraction in mining, capital goods and poor growth in manufacturing sector.
Spammers ride high on upcoming events
By relating their mails with widely-celebrated holidays and current events of global interest, spammers and malware authors can make their messages seem interesting, thus increasing the chances of recipients falling for these, said the Symantec Intelligence Report, January 2012.
Markets dip on dismal Dec IIP data
The overall breadth was neutral as 1,506 stocks declined while 1,435 stocks advanced.
SHOCKING! Many Indians denied of H-1B, L-1 visas
US immigration authorities, in the past four years, have increased denial of work-related visas, with India-born professionals being refused at higher rates than nationals of other countries, an American think tank said in a report on Friday.
Images: World's top 10 expat-friendly countries
If you are looking for a change, and have been considering to move oversees, this survey can help you find the best foreign country to live and work in.
World food prices arrest six-month fall, rise in Jan: FAO
Global food prices rebounded in January this year demonstrating the volatility in the international food markets, after falling for six months since July, 2011, United Nation's body FAO said on Friday.
HC refuses to stay criminal proceedings against Yahoo India
Refusing to stay the criminal proceedings against the website, Justice Suresh Kait today declined to pass any order 'at this stage' and fixed the matter for March 1, saying he will hear the case before the trial court hears it on March 13.
MCX to launch IPO by month-end
India's largest commodity bourse MCX is likely to launch its up to Rs 750 crore (Rs 7.5 billion) initial public offer (IPO) by month-end, becoming the first ever exchange in the country to get listed.
US, India working towards reducing dependence on Iranian oil
The US is working with countries, including India to reduce their dependence on Iranian oil, a top official has said, noting it understands the energy needs of New Delhi and its long-standing ties with Tehran.
PHOTOS: 20 most corrupt countries in the world
Corruption is a big problem not only in India, but across the world.
Now, Tata cars dearer by up to Rs 12,000
The company said the price hike has been effective from Thursday across the country.
Vodafone India appoints Analjit Singh as chairman
The appointment is effective from February 16, 2012, following formal approval from the Board of Vodafone India.
PHOTOS: This will be the world's tallest building!
While Burj Khalifa in Dubai remains the tallest building in the world, a new challenger has emerged.
Industrial output grows 1.8% in Dec 2011
Factory output growth, as measured by the index of industrial production, was at 8.1 per cent in December 2010.
US now moving in the right direction: Obama
Obama said in his recent State of the Union Address, he talked about the need for American companies to bring back jobs to the country -- insourcing.
PHOTOS: An amazing success story called Facebook
From a Harvard dorm room to becoming one of the world's biggest internet success stories, it has been an incredible journey for Facebook.
Sahara, US firm in construction JV
Integrated entity for realty, infrastructure sector
Is the US economy recovering? Well not exactly
US data suggest recovery, but politics might intervene
PHOTOS: Dream cars that collectors love
There are some cars that instantly remind us of the golden period of automobile history.
Mixed views on Shome's tax proposals
The recommendations by Shome are significant as they have been made at a time when two major tax reforms, the Goods and Services Tax and the Direct Taxes Code, have made no headway.
PHOTOS: TCS employees among the happiest in US
Some employees are happy with their company.
I-T exemption limit to be hiked to Rs 3 lakhs soon?
Suggests far more generous provisions than proposed in Direct Taxes Code
IMAGES: Mahindra Xylo has 50 NEW features!
The new Xylo was launched on Wednesday at an attractive price starting at Rs 737,000.
Business News - Thu, Feb 9, 2012
Etisalat writes off $820 million against Indian ops
Etisalat owns about 45 per cent stake in Etisalat DB, a joint venture between Indian player DB Realty and Etisalat of UAE.
'India, Pak bilateral trade may touch USD 10 bn by 2015'
Bilateral trade between India and Pakistan may touch USD 10 billion by 2015, if trade and investment barriers are removed, CII said.
2G: Essar, Loop move SC against trial
The group approached the apex court after being asked by Delhi high court to seek a clarification whether the special court can conduct a trial of companies which are not charged under the PCA in the case arising out of the probe in the 2G spectrum scam case.
IMAGES: The all new Mahindra Xylo is here!
The all new Mahindra Xylo will replace the existing MPV in all four variants.
Coach shortfall: 30 trains yet to be flagged off
Railways had announced introduction of 99 new trains, including express and passenger services in the last budget, but till date 31 trains, including seven Duronto trains, two double decker AC trains and one Shatabdi Express have not been made operational, a data prepared by the ministry said.
Nifty ends above 5,400
The overall breadth was positive as 1,828 stocks advanced while 1,057 stocks declined.
India sees business opportunity in Iran after US, EU sanctions
With the US and Europe imposing sanctions on Iran, India sees an opportunity to boost its trade with it by tapping the sectors which would be affected by the restrictions imposed by the West.
Zuckerberg barred from working on Facebook rival
Facebook founder and CEO Mark Zuckerberg, along with his three top leutinants, will get about USD 2 million in just salaries and bonuses, but cannot work on creating a rival to the social networking giant.
Bajaj Allianz launches critical illness plan for women
The policy provides a lump sum amount on the diagnosis of the illnesses during the policy term, as well as certain congenital disorders.
Additional tax on diesel cars will be a retrograde step: M & M
Terming the calls for imposing additional tax on diesel vehicles as "retrograde", homegrown auto major Mahindra & Mahindra today said such a move will only further impede growth of the industry which has had a difficult year in 2011.
Efficient food distribution can save Rs 7,000 cr: Montek
The two-day conference, which saw participation of ministers and senior officials from all the states, was marked by brainstorming in the run up to the expected enactment of the government's ambitious Food Security Bill.
PHOTOS: Aston Martin's fabulous racing car
Legendary car manufacturer Aston Martin plans to start production of its racing car, V12 Zagato.
The rise and fall of Kodak: Why it went bankrupt
Fifteen years ago, Kodak was the fourth most valuable brand in the world after Disney, Coca-Cola and Microsoft.
RARE FEAT! Maruti's domestic sales cross 1-crore mark
Maruti Suzuki India had rolled out its first car -- an M800 -- in December 1983 and attained five million domestic sales in February 2006.
Credit growth dips further in January
The year-on-year growth till end of January was 15.65 per cent, below the revised credit growth estimate of 16 per cent for 2011-12.
Here's the real story of 2G licences
Cancellation of 122 telecom 2G licenses by the apex court has created ripples.
Brand Wars: Dunkin' says won't compete with Starbucks
Jubilant Foodworks, the master franchisee for Dunkin' in India, has tweaked the business model of the company based in the northeastern US state of Massachusetts, opting to position it more as a food service brand than a coffee player.
IBM launches new Centre of Excellence in Bengaluru
The new Centre of Excellence at the India Software Lab will offer solutions to organisations across India, South Asia and Asia Pacific.
Thomas Cook's India exit triggers industry frenzy
As domestic players sense a strategic partner, experts say firm may have to sell forex, travel businesses separately.
AI gets more fliers on global routes
Says market share will further increase after induction of Boeing 787 Dreamliners and flights to new destinations.
Why the govt stand on airline sector is wrong-headed
Two decisions by an empowered group of ministers on Tuesday demonstrated the government's continuing inability to come to grips with the problems being faced by the aviation sector.
DoT favours open auction of vacated 2G spectrum
In a move that could pave the way for open auction of the 2G spectrum released from 122 cancelled operators, a draft Cabinet note prepared by the Department of Telecommunications (DoT) has recommended the spectrum price be discovered through an auction involving "existing players and new parties".
PHOTOS: What's brewing in Starbucks' cup? Find out...
Starbucks faces two major challenges.
Here's how you can save on phone bills
With telecom companies increasing rates, it's time to cut corners.
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