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65% Indian Startup Leaders Believe The Sector Is In A Tech Bubble

65% Indian Startup Leaders Believe The Sector Is In A Tech Bubble

MUMBAI – Nearly 65% of startup executives and founders believe that the Indian startups are in a technology bubble, while 18 per cent feel that the bubble was close to bursting soon, a study by venture debt and specialty lending business, InnoVen Capital, said.
The India Startup Outlook Report 2017 highlights the perspective with responses from [...]

February 18th, 2017 | Posted in Business | Read More »

Boardroom Tussle At Infosys May Lead To Big Changes

Boardroom Tussle At Infosys May Lead To Big Changes

BENGALURU – The Infosys founders’ discontent with matters of governance at the company could lead to changes on the board, according to several analysts that TOI spoke to.
This could be one major step towards also resolving the ongoing tussle in the firm.
The promoters have sought the appointment of a co-chair and replacement of the head [...]

February 18th, 2017 | Posted in Business | Read More »

Competition From Reliance Jio Pushes Idea Cellular Into Huge Losses

Competition From Reliance Jio Pushes Idea Cellular Into Huge Losses

NEW DELHI – Telecom operator Idea Cellular on Saturday logged a consolidated net loss of Rs 383.87 crore for the December 2016 quarter compared to a net profit of Rs 659.35 crore in the year-ago period, hurt by newcomer Reliance Jio’s free voice and data promotions.
Total income also has decreased to Rs 8,706.36 crore for [...]

February 18th, 2017 | Posted in Business | Read More »

Rupee To Weaken To Record Low Over The Coming Year

Rupee To Weaken To Record Low Over The Coming Year

NEW DELHI – India’s rupee will reverse recent gains and sink to a record low in the coming year on expectations for a rise in the dollar even though U.S. President Donald Trump has made clear his dislike of a strong currency, a Reuters poll found.
The rupee has appreciated more than 1% so far this [...]

February 11th, 2017 | Posted in Business | Read More »

Raees And The Tale Of Gujarat’s Rs 25,000 Crore Illegal Liquor Business

Raees And The Tale Of Gujarat’s Rs 25,000 Crore Illegal Liquor Business

MUMBAI -  The film Raees, starring Bollywood superstar Shahrukh Khan, in a way is a blow on the governance, and questions the ability of the Gujarat government to put an end to the state’s illegal liquor trade.
In the movie, the prologue pegged the illegal liquor business in the state at Rs 25,000 crore, and went [...]

February 11th, 2017 | Posted in Business | Read More »

Some Disgruntled Facebook’s Investors Want CEO Mark Zuckerberg Removed

Some Disgruntled Facebook’s Investors Want CEO Mark Zuckerberg Removed

Facebook CEO Mark Zuckerberg might soon face a Steve Jobs moment in his life as some shareholders of the company have filed a plea to remove him from the company’s board of directors.
NEW YORK – In what can only be called a Steve Jobs and Apple moment, some shareholders of social network Facebook have filed [...]

February 11th, 2017 | Posted in Business | Read More »

Under Trump, Dollar On Course For Worst Start To A Year Since 2008

Under Trump, Dollar On Course For Worst Start To A Year Since 2008

LONDON – The dollar was on course for its worst start to a year since 2008 on Tuesday as concerns over the broader shape of policy under President Donald Trump outweighed the expectations of higher US inflation which dominated the end of last year.
The dollar dipped another 0.2 per cent against the yen after falling [...]

February 4th, 2017 | Posted in Business | Read More »

Starbucks To Hire 10,000 Refugees In Response To Trump’s Ban

Starbucks To Hire 10,000 Refugees In Response To Trump’s Ban

NEW YORK – Global coffee giant Starbucks has said it will hire 10,000 refugees over next five years as it vowed to not “stand silent” in the face of US President Donald Trump’s order to ban people from seven Muslim-majority nations and assured it will continue to nurture the human spirit.
“I write to you today [...]

February 4th, 2017 | Posted in Business | Read More »

Air India Bills Worth Rs 119 Crore Cleared By India’s PMO

Air India Bills Worth Rs 119 Crore Cleared By India’s PMO

NEW DELHI – Bills worth Rs 119 crore pending towards cash-strapped Air India, generated for some foreign visits of Prime Minister Narendra Modi, have been cleared against the back drop of a long battle by a retired naval officer using the RTI Act.
RTI applicant Commodore (retd) Lokesh Batra said that the Prime Minister’s Office (PMO) [...]

February 4th, 2017 | Posted in Business | Read More »

Blame Costly Wars, Not China, For Poor State Of US Economy: Jack Ma

Blame Costly Wars, Not China, For Poor State Of US Economy: Jack Ma

BEIJING – Ruling out the much-talked about US-China trade war under the Trump presidency, founder of China’s e-commerce giant Alibaba Jack Ma said the poor plight of American economy was due to the costly wars waged by Washington and has nothing to do with trade ties with Beijing.
China and the US will not start a [...]

January 28th, 2017 | Posted in Business | Read More »