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Tata-Starbucks Blends Indian Coffee For Global Marketsb

Tata-Starbucks Blends Indian Coffee For Global Marketsb

BENGALURU – Leading hot beverage joint venture Tata-Starbucks Ltd. is marketing its Indian blended coffee in global markets, including Asia and the U.S.
“Locally sourced, roasted and packaged coffee brands are now available in our stores across Asia and online in the US to promote India’s rich coffee heritage,” the company said in a statement here [...]

November 16th, 2014 | Posted in Business | Read More »

Facebook Messenger App Gathers 500 Million Users In 6 Months

Facebook Messenger App Gathers 500 Million Users In 6 Months

WASHINGTON – Facebook’s Messenger app has reportedly doubled the size of its base in the last six months with about 500 million people using the app actively every month.
Facebook’s decision to spin off messages into a separate app was although an unpopular one but a success nonetheless. Cutting off access to in-app chat, the social [...]

November 16th, 2014 | Posted in Business | Read More »

Oil Prices Continue To Fall As Crude Dips To $80 A Barrel

Oil Prices Continue To Fall As Crude Dips To $80 A Barrel

NEW DELHI – Following the recent multiple reductions in petrol rates and deregulation of diesel prices last month, fuel consumers can look forward to more price cuts as Brent crude oil fell to its lowest in four years at $ 82 a barrel after Saudi Arabia cut sale prices to the U.S.
The basket of 12 [...]

November 8th, 2014 | Posted in Business | Read More »

Bill Gates To Give $500 Million For Malaria, Other Diseases

Bill Gates To Give $500 Million For Malaria, Other Diseases

WASHINGTON – U.S. philanthropist Bill Gates has announced he will donate over $500 million to fight malaria and other infectious diseases in the developing world, saying the Ebola outbreak is a call to action.
The former Microsoft CEO yesterday told the 63rd annual meeting of the American Society of Tropical Medicine and Hygiene in New Orleans [...]

November 8th, 2014 | Posted in Business | Read More »

NRI Group Sues ICICI For $103 Million For Investment Losses

NRI Group Sues ICICI For $103 Million For Investment Losses

MUMBAI – A group of 69 non-resident Indian investors out of about 500, most from the Gulf countries, has dragged ICICI Bank and ICICI Venture, Dynamic India Fund III among other associated companies to the Mauritius Supreme Court, alleging huge losses in their investments made in a real estate fund. The group is claiming damages [...]

November 5th, 2014 | Posted in Business, News | Read More »

Names Of Three Swiss Black Money Account Holders Revealed

Names Of Three Swiss Black Money Account Holders  Revealed

NEW DELHI – The Indian government filed an affidavit before the Supreme Court this week in the black money case, naming three prominent businessmen, including Pradip Burman, formerly of Dabur group.
Goa-based miner Radha S Timblo and bullion trader Pankaj Chimanlal Lodhya were the other two businessmen named in the affidavit.
The Govt told the court that [...]

November 5th, 2014 | Posted in Business, News | Read More »

Alibaba’s Jack Ma Tops China Rich List With $20 Billion Worth: Forbes

Alibaba’s Jack Ma Tops China Rich List With $20 Billion Worth: Forbes

SHANGHAI – Jack Ma, founder of e-commerce giant Alibaba, is China’s richest person with a fortune of nearly $20 billion, as billionaires increase despite a slowdown in the country’s economy, Forbes magazine said Tuesday.
The number of Chinese billionaires surged to 242 this year from 168 in 2013, Forbes said in its annual “China Rich List”, [...]

November 5th, 2014 | Posted in Business, News | Read More »

Microsoft CEO Satya Nadella Gets $84 Million Pay Package

Microsoft CEO Satya Nadella Gets $84 Million Pay Package

SEATTLE – Microsoft has given its new CEO Satya Nadella a pay package worth $84.3 million, most of it in the form of long-term stock awards.
A regulatory document filed on Monday shows Nadella got a salary for the fiscal year that ended June 30 of $918,917 and a $3.6 million bonus. He also was given [...]

October 25th, 2014 | Posted in Business | Read More »

Doing Business In India To Get Easy, Registration In Just A Day

Doing Business In India To Get Easy, Registration In Just A Day

NEW DELHI – In order to make India a better place to do business, the government is working to cut down the time for registering a business from 27 days to a single day. Towards this end, it has readied a raft of measures, such as, single registration for all labour laws, overhaul of tax [...]

October 25th, 2014 | Posted in Business | Read More »

Six Indo-American-Led Firms Among 100 Fastest-Growing Biz In U.S.: Fortune

Six Indo-American-Led Firms Among 100 Fastest-Growing Biz In U.S.: Fortune

NEW YORK – Six firms founded and headed by Indo-Americans are among the 100 fastest-growing businesses located in American cities, says a list by Fortune and The Initiative for a Competitive Inner City (ICIC).
The ICIC, founded by Harvard Business School professor Michael Porter in 1994, identifies, ranks, and spotlights annually the 100 fastest-growing businesses located [...]

October 25th, 2014 | Posted in Business | Read More »