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Apple In Talks To Launch Online TV Service: WSJ

Apple In Talks To Launch Online TV Service: WSJ

NEW YORK – Apple, which is aiming to price the new service at about $30 to $40 a month, plans to announce the service in June and launch it in September.
Apple Inc’s much-hinted-at TV service may soon become a reality as the iPhone maker is in talks with programmers to offer a slimmed-down bundle of [...]

March 21st, 2015 | Posted in Business | Read More »

Major US Allies To Join China-Backed Development Bank: Reports

Major US Allies To Join China-Backed Development Bank: Reports

The AIIB was launched in Beijing last year to spur investment in Asia in transportation, energy, telecommunications and other infrastructure. It was seen as a rival to the Western-dominated World Bank and the Asian Development Bank.
SEOUL – A senior US diplomat said it was up to individual countries to decide on joining a new China-led [...]

March 21st, 2015 | Posted in Business | Read More »

India Has Highest Number of Successful Female Entrepreneurs

India Has Highest Number of Successful Female Entrepreneurs

NEW DELHI – The world is just done with the International Women’s Day celebration. It is not very often that we acknowledge the women around us unless it is a day like this. That is not to say that women are lagging behind. In fact it was observed that almost half of the entrepreneurs in [...]

March 21st, 2015 | Posted in Business | Read More »

Apple Watch To Debut In April, Priced $349-$17,000

Apple Watch To Debut In April, Priced $349-$17,000

NEW DELHI – Apple on Monday took the wraps off its much-awaited Apple Watch at an event in San Francisco, while making two other key announcements: a totally revamped MacBook range and a health-focussed initiative called ResearchKit.
Launched in a number of variants and two sizes, including gold models, Apple Watch will be available from next [...]

March 14th, 2015 | Posted in Business | Read More »

6 Indian Women Among Forbes’ 50 ‘Power Businesswomen’

6 Indian Women Among Forbes’ 50 ‘Power Businesswomen’

NEW YORK – Six Indian women CEOs and Managing Directors, including State Bank of India head Arundhati Bhattacharya and ICICI CEO Chanda Kochchar, have been named by Forbes magazine in its 50 ‘Power Businesswomen’ from Asia who are “knocking down” walls in the traditional male bastions.
The Asia’s 50 Power Businesswomen list showcases a year of [...]

March 14th, 2015 | Posted in Business | Read More »

India Poised To Be World’s 3rd Largest Economy

India Poised To Be World’s 3rd Largest Economy

NEW YORK – As India’s investment climate seems to be improving, the moment might not be far away for the country to emerge as the world’s third economy, says Jim O’Neill who is better known for coining the acronym BRIC.
“It is probably too early to say with certainty that India will soon take its place [...]

March 14th, 2015 | Posted in Business | Read More »

Foreign Investors Pour $11 Billion In Indian Capital Markets

Foreign Investors Pour $11 Billion In Indian Capital Markets

NEW DELHI – With an average of over 1,000 crore a day, the net foreign fund inflows into Indian capital markets have crossed USD 11 billion (over 68,000 crore) in little over two months so far in 2015.
The analysts expect the inflows to further accelerate going ahead, following assurances in the Union Budget to revisit [...]

March 14th, 2015 | Posted in Business | Read More »

Cab Service Ola Buys TaxiForSure In $200-Million Deal

Cab Service Ola Buys TaxiForSure In $200-Million Deal

NEW DELHI – Consolidating its position in online and mobile app-based cab aggregator space, domestic Ola (formerly Olacabs) has bought rival TaxiForSure in a cash-and-equity deal worth  $200 million (Rs 39 crore). The company is competing against Uber, a global player, which too is vying for a lion’s share in the fast-growing online taxi booking [...]

March 7th, 2015 | Posted in Business | Read More »

SBI’s To Sell Up To $2.4 billion Shares By End Of April: Sources

SBI’s To Sell Up To $2.4 billion Shares By End Of April: Sources

State Bank of India (SBI), the country’s biggest lender by assets, plans to raise between 110 billion rupees and 150 billion rupees ($1.8-$2.4 billion) via share sale by next month end, two sources directly involved in the process told Reuters.
MUMBAI – State Bank of India (SBI), the country’s biggest lender by assets, plans to raise [...]

March 7th, 2015 | Posted in Business | Read More »

India Inc Welcomes Cut In Key Lending Rates

India Inc Welcomes Cut In Key Lending Rates

NEW DELHI – India Inc welcomed the central bank’s surprise decision to reduce key lending rates by 25 basis points.
“Coming on the back of a growth-oriented budget, the unexpected cut in headline interest rate by the RBI sends a huge positive signal that the central bank and the government are working in tandem to provide [...]

March 7th, 2015 | Posted in Business | Read More »