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US becomes biggest oil producer in 2014, surpasses Saudi Arabia

US becomes biggest oil producer in 2014, surpasses Saudi Arabia

The US produced 15.9 per cent more oil in 2014 at 11.6 million barrels of oil per day to topple Saudi Arabia’s 11.5 million bpd production, according to BP Plc’s Statistical Review of World Energy released on Wednesday.
LONDON  – The United States has overtaken Saudi Arabia as the world’s biggest oil producer in 2014 while [...]

June 28th, 2015 | Posted in Business | Read More »

Japan’s SoftBank-Led Group To Invest $20-Billion For Solar power In India

Japan’s SoftBank-Led Group To Invest $20-Billion For Solar power In India

NEW DELHI – Japan’s SoftBank Corp, together with Sunil Mittal-led Bharti Enterprises and Taiwan’s Foxconn, will invest about $20 billion (Rs 127,100 crore) over the next 10 years to generate 20,000 mega watt (MW) of solar power and manufacture solar power equipment in India.
The consortium — SBG Cleantech Ltd — will be led by Manoj [...]

June 28th, 2015 | Posted in Business, International | Read More »

Business Leaders Urge G20 To Push Digital Economy, E-commerce

Business Leaders Urge G20 To Push Digital Economy, E-commerce

ISTANBUL – An influential group of business leaders have urged the G20 to improve the global TRADE SYSTEM for the emerging digital economy as well as focus on reforms to ensure strong and sustainable growth.
The group known as B20, met in Turkey on the sidelines of the G20 sherpas meeting and discussed the recommendations which [...]

June 28th, 2015 | Posted in Business | Read More »

Cranberry Mogul Peter Dhillon Pushes For Business Ethics With Big Contribution To UBC’s Sauder School

Cranberry Mogul Peter Dhillon Pushes For Business Ethics With Big Contribution To UBC’s Sauder School

Peter P. Dhillon Centre for Business Ethics Centre Set To Open In The Fall!

“I was quite surprised that nothing of this sort existed and it gave even more impetus to set one up right here in Vancouver. I felt that we needed to change the perception that businesses can’t succeed without ethics as there [...]

June 26th, 2015 | Posted in Breaking News, Business, International, Lead Story, Link News, Link VIP'S, News, South Asian, Top News | Read More »

Snapdeal Acquires Hyderabad-Based Martmobi

Snapdeal Acquires Hyderabad-Based Martmobi

NEW DELHI – E-commerce major Snapdeal has acquired Hyderabad-based mobile technology startup, MartMobi for an undisclosed amount, a move that will help the firm strengthen its mobility platform for merchant partners.
Founded by Pramod Nair and Satya Krishna Ganni, MartMobi creates mobile sites and apps for e-commerce stores, small and medium-sized businesses.
“We are focusing on mobile [...]

May 30th, 2015 | Posted in Business | Read More »

MBA Hiring To Grow By 84% This Year Globally: Survey

MBA Hiring To Grow By 84% This Year Globally: Survey

MUMBAI – With corporates focusing more on growth, employer demand for business school graduates continued to show upward trend this year, as 84 per cent of companies globally, including India, have planned to add new MBAs to their workforce, according to a recent report.
“The MBA, as an area of study valued by employers, is showing [...]

May 30th, 2015 | Posted in Business | Read More »

China Sets Up Gold Fund For Nations Along Silk Road

China Sets Up Gold Fund For Nations Along Silk Road

BEIJING – China, the world’s biggest gold producer, has set up a gold sector fund involving countries along the ancient Silk Road which is expected to raise $16.1 billion.
The fund, led by Shanghai Gold Exchange (SGE), is expected to raise an estimated 100 billion yuan ($ 16.1 billion) in three phases, state-run Xinhua news agency [...]

May 30th, 2015 | Posted in Business | Read More »

Indian Mobile Phone Sales Drop For First Time In 20 Years

Indian Mobile Phone Sales Drop For First Time In 20 Years

NEW DELHI – Mobile sales dropped 14.5% in Q1 (January to March) 2015, on a quarter-to-quarter basis, compared to Q4 (October to December) 2014; from 62 million handsets in Q4 2014 to 53 million handsets in Q1 2015, according to a recent press release from CyberMedia Research, a consultancy.
The decline in smartphone sales from quarter-to-quarter [...]

May 23rd, 2015 | Posted in Business | Read More »

Oil Prices Drop Again On Global Supply Glut And Soft Demand

Oil Prices Drop Again On Global Supply Glut And Soft Demand

Bernard Aw, market strategist at IG Markets Singapore, said “global oversupply with weak demand” continues to put a cap on prices despite geopolitical unrest raising concerns about a disruption in the Middle East.
LONDON – Oil prices fell on Tuesday as a global supply glut and soft demand overshadowed the impact of geopolitical tensions in the [...]

May 23rd, 2015 | Posted in Business | Read More »

Apple CEO Tim Cook Trashes Android Phones At University Address

Apple CEO Tim Cook Trashes Android Phones At University Address

WASHINGTON – Apple CEO Tim Cook gave a commencement speech at George Washington University.
Cook spoke about Martin Luther King Jr, working with Steve JOBS, and meeting president Jimmy Carter.
But Cook couldn’t resist making a little joke aimed at the people in the audience who were using Android phones.
“They’ve asked me to make a standard announcement [...]

May 23rd, 2015 | Posted in Business | Read More »