New Delhi: Naveen Jindal has topped the executive pay charts for listed companies in the country with a package of Rs 73.42 crore for the last fiscal 2011-12, which grew by over Rs six crore from previous year. Jindal, Chairman and Managing Director of Jindal Steel and Power Ltd (JSPL), was followed by Sun TV Network's Kalanithi and Kavery Maran (Rs 57.01 crore each), Hero MotoCorp's Pawan Munjal (Rs 34.47...
02:20 AM, Sep 24, 2012
New Delhi: Even with a limited release, Barfi did "remarkable" business in its opening weekend and collected approximately Rs 34.20 crore nett, film trade analyst Taran Adarsh said. This is the breakup of the Barfi business: Friday 9.20 crore, Saturday 11.50 crore, Sun (estimated) Rs 13.5 crore. "Barfi was released in less than 700 cinema halls in India (a tiny release as compared to the biggies)," Adarsh said. "Occupancy at...
12:07 PM, Sep 17, 2012
Hyderabad: Women constitute about 50 per cent of the worlds population, perform 66 per cent of the global work, but receive only 10 per cent of the total income and sadly, own just about one per cent of property! On the contrary, women-owned businesses represent 32-39 per cent of all businesses across the globe, pointed out Virginia Littlejohn, advisor, WEConnect, a corporate led non-profit organisation that helps women entrepreneurs succeed...
02:29 PM, Sep 11, 2012
New York: Thousands and possibly millions of websites hosted by GoDaddy.com went down for several hours on Monday, causing trouble for the mainly small businesses that rely on the service. A Twitter feed that claimed to be affiliated with the "Anonymous" hacker group said it was behind the outage, but that couldn't be confirmed. Another Twitter account, known to be associated with Anonymous, suggested the first one was just taking...
10:50 AM, Sep 11, 2012
It seems clear that Parliament will not function and the hope of reforms to revive the economy could remain unfulfilled. ...
09:21 PM, Sep 03, 2012
Tirupati: Though the exact value of the red sanders in international market is not known with the forest officials saying it depends on the demand, a businessman from China, who visited Tirupati recently, was said to have offered to Rs 45-50 lakh per tonne. For the best quality of red sanders wood, we will pay you up to Rs 50 lakh per tonne legally, he reportedly said when he met...
12:43 PM, Aug 30, 2012
Mumbai: Country's largest lender State Bank of India may have its branches open on Sundays to help improve efficiency, a top bank official has said. "Possibly we would like to see Sunday working which would increase the time available for doing banking and increase the business," bank chairman Pratip Chaudhuri told analysts on a conference call organised by the brokerage Edelweiss Securities. The bank had last year taken everybody by...
01:46 PM, Aug 26, 2012
Mumbai: The government is considering steps to ensure that SEZs remain attractive destinations for investment, Commerce and Industry Minister Anand Sharma said on Thursday. He admitted that SEZs had seen a gradual slowdown though they account for more than a quarter of country's exports. Sharma said he had written to the finance minister to reconsider withdrawing the Minimum Alternate Tax and the Dividend Distribution Tax. "Access to cheap credit at...
06:13 PM, Aug 23, 2012
New Delhi: Businessman Abhishek Verma and his wife were on Wednesday arrested by the Enforcement Directorate in connection with a money laundering case registered against the couple for allegedly receiving money from a Swiss defence firm to keep it out of the government's blacklist. An ED team recorded the statement of the couple, presently in judicial custody in a forgery case, before they were placed under arrest under the stringent...
08:18 PM, Aug 22, 2012
Hefei (China): The wife of a disgraced Chinese politician was given a suspended death sentence on Monday after confessing to killing a British businessman in a case that rocked the country's top political leadership. A suspended sentence is usually commuted to life in prison after several years. Gu Kailai received the sentence and a family aide was given nine years' imprisonment for killing Neil Heywood, a former family associate, said...
08:01 AM, Aug 20, 2012
New Delhi: A combination of power blackouts, uncertain tax rules and contracts that are not honoured make India a difficult place to do business, a senior Dell Inc executive said on Friday in unusually blunt comments by a foreign investor. India's economy is growing at its slowest pace in nearly a decade, with stubborn inflationary pressures and high interest rates. But what global firms often find hardest is the red...
11:29 PM, Aug 17, 2012
Mumbai: A former US employee has filed a lawsuit against Infosys Ltd, India's No 2 software services provider, saying he was harassed for pointing out possible misuse of US business visas, according to a copy of the lawsuit seen by Reuters. The case is similar to one scheduled to go to trial later this month. Employment visas are a politically charged topic in the United States, especially those related to...
02:12 AM, Aug 10, 2012
At one time the cycle rickshaw wallah was at the lowest rung of the income ladder. The Delhi Metro has pulled him up by several ...
03:15 PM, Aug 05, 2012
It's not an easy time to be running a studio floor business in India. Kamalistan and Filmalaya in Mumbai, Gemini and Vijayavahini in Chennai, and Technician and Indrapuri in Kolkata have all sold out to builders or governments because no one's shooting in them anymore. Mehboob Studios in Mumbai has reinvented itself as an arts venue in the last couple of years. Very few shoots actually take place there. But...
12:00 PM, Aug 03, 2012
Bangalore: Infosys on Monday said it has secured second position in the "2012 Global Outsourcing 100 List" compiled by International Association of Outsourcing Professionals (IAOP). Infosys was recognised for its excellent performance across all four survey assessment categories, including size and growth, customer references, organisational competencies, and management capabilities, the company said in a statement. "Our new ranking on this year's Global Outsourcing 100 list is a validation that our...
02:59 AM, Jul 24, 2012
London: Britain's most prominent business leaders, including Indian-origin Karan Bilimoria of Cobra Beer, on Sunday appealed to Prime Minister David Cameron to remove foreign students from official immigration figures to avoid choking off a valuable source of wealth and skills. In a letter published in The Sunday Times, the 37 business leaders warn that visa restrictions designed to bring net immigration below 100,000 a year will deter wealthy foreigners from...
04:33 AM, Jul 23, 2012
Mumbai: The net profit for the June quarter of Reliance Industries (RIL) fell 21 per cent to Rs 4470 crore on dwindling margins in all its business segments - refining, petrochemicals and oil & gas production. However, as has been the case in the last couple of quarters, the company's profit received some support from other income, which is largely derived from treasury operations utilising the excess cash on its...
06:26 PM, Jul 20, 2012
Kottayam: Public sector bank employees will go on a two-day nation-wide strike from July 25 to protest against government's moves to grant banking licences to private business houses and closing down of rural branches. A letter containing the demands had been given to the authorities including Indian Banks Association on March 26, but no decision was taken, United Forum of Bank Unions convenor AC Joseph told media today. He said...
02:46 PM, Jul 17, 2012
Who would have imagined that from the invention of fire and the wheel, we would be clicking away on Facebook and Twitter. So, what beholds us in future is freely left to imagination. Today, right from helping us to keep in touch with friends or family to sharing what is happening around the world to being one of the early catalysts for the recent revolution in Egypt, potentially changing the...
01:49 PM, Jul 02, 2012
New Delhi: Director Puri Jagannadh has uploaded his film 'Business Man' on YouTube. The film stars Mahesh Babu, Kajal Agarwal, Prakash Raj and Shayaji Shinde in prominent roles. The film had opened to rave reviews in January 2012. Here is the complete film. ...
02:27 PM, Jun 29, 2012
