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Indian Businesses Lose Over $54 Billion From Data Loss

Indian Businesses Lose Over $54 Billion From Data Loss

MUMBAI – EMC Corporation announced the findings of a new global data protection study that reveals, data loss and downtime cost India enterprises $54 billion in the last twelve months. Global data loss is up by 400 percent since 2012 while, surprisingly, 70 percent of India organizations are still not fully confident in their ability [...]

December 20th, 2014 | Posted in Business | Read More »

India Replaces Malaysia As 4th Largest Exporter Of Black Money

India Replaces Malaysia As 4th Largest Exporter Of Black Money

WASHINGTON – The outflow of black money from India to foreign countries has increased nine-fold from $10 billion in 2003 to $94.7 billion in 2012.
India has replaced Malaysia as the fourth largest exporter of black money after China, Russia and Mexico for the 10-year period from 2003-2012. Such has been the upward trajectory of outflow [...]

December 20th, 2014 | Posted in Business | Read More »

Alibaba Founder Jack Ma Biggest Billionaire Gainer Of 2014

Alibaba Founder Jack Ma Biggest Billionaire Gainer Of 2014

NEW DELHI – Alibaba founder and executive chairman Jack Ma is this year’s biggest financial gainer as the billionaire entrepreneur’s fortune has swelled by a whopping USD 18.5 billion this year to USD 29.2 billion, a report says.
According to private wealth consultancy, Wealth-X, the former English teacher-turned billionaire entrepreneur is the biggest gainer of this [...]

December 20th, 2014 | Posted in Business | Read More »

Reliance Capital To Sell Yatra.Com Stake For 500 Crore

Reliance Capital To Sell Yatra.Com Stake For 500 Crore

NEW DELHI – Looking to cash in on e-commerce boom, Reliance Capital is all set to sell its 16 per cent stake in leading travel portal Yatra.com for an estimated 500 crore and is in talks with 2-3 international investors.
The deal would mark an over 12-times appreciation for this investment by Reliance Capital, the financial [...]

December 14th, 2014 | Posted in Business | Read More »

Internet Grows To 280 Million Domain Names In The Second Quarter Of 2014

Internet Grows To 280 Million Domain Names In The Second Quarter Of 2014

NEW DELHI – VeriSign, a global leader in domain names and Internet security, announced four million domain names were added to the Internet in the second quarter of 2014, bringing the total number of registered domain names to 280 million worldwide across all top-level domains as of June 30, 2014, according to the latest Domain [...]

December 14th, 2014 | Posted in Business | Read More »

Infosys Founders Unload Their Shares Worth Rs 6,484 Crore

Infosys Founders Unload Their Shares Worth Rs 6,484 Crore

BANGALORE – Infosys co-founders N R Narayana Murthy and Nandan Nilekani along with their family members on Monday sold shares worth Rs 6,484 crore (Rs 64.84 billion) in the country’s second largest software services firm.
“Some of the founders of Infosys, including Narayana Murthy, Nandan Nilekani and Dinesh K and some of their family members as [...]

December 14th, 2014 | Posted in Business | Read More »

Sony Sees 70 Percent Jump In Devices Revenues In Three Years

Sony Sees 70 Percent Jump In Devices Revenues In Three Years

TOKYO – Japan’s loss-making Sony Corp said it expects revenue for its electronic devices division to rise up to 69 per cent over the next three years, to as much as 1.5 trillion yen ($12.7 billion), as it works through an extensive restructuring plan.
The forecast was released on Tuesday at the start of a Sony [...]

December 2nd, 2014 | Posted in Business | Read More »

India Accuses American Tech Companies Of Violating Copyright Law

India Accuses American Tech Companies Of  Violating Copyright Law

NEW DELHI – For years, the US has blamed lax policing in countries such as India for a boost to piracy. But India has finally managed to get Washington to acknowledge piracy in its backyard after it submitted a list of over 600 websites, including Google, Amazon, Orkut and Flixter, accusing them of violating the [...]

December 2nd, 2014 | Posted in Business | Read More »

Alibaba Founder Jack Ma Treks To Mumbai To Meet Indian Entrepreneurs

Alibaba Founder Jack Ma Treks To Mumbai To Meet Indian Entrepreneurs

MUMBAI – Alibaba founder Jack Ma is on a visit to India, his first to the country after a record-shattering initial share sale saw the ecommerce company raise $25 billion (Rs 1.5 lakh crore) in September. Ma, who is China’s wealthiest man with a net worth of nearly $30 billion, is in India as part [...]

December 2nd, 2014 | Posted in Business | Read More »

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 »