Business World

LIVE:Union Budget 2014

2014-07-11T11:17:00.003-07:00

Watch Live Budget of India (2014) (Hindi)

Car sales crash by 26 per cent, biggest low in 12 years

2013-03-30T03:22:00.000-07:00

The February of 2013, India's car sales fell 26% from a year earlier, the biggest fall in more than 12 years as weakness in the economy and high cost of fuel and finance continued to dampen demand.

Who is Cyrus Mistry?

2013-01-11T21:14:00.001-08:00

Cyrus Mistry is the son of construction tycoon Pallonji Shapoorji Mistry. Valued at $8.8 billion, Pallonji holds an 18.5 per cent stake in Tata Sons, making him the single largest shareholder. 43-year-old Cyrus is the younger son of Pallonji and is married to Rohika Chagla, the daughter of lawyer Iqbal Chagla. He has an elder brother - Shapoor Mistry and one of his sisters is married to Noel Tata, Ratan Tata's half-brother.

Ratan Tata Ki Virasat

2013-01-11T20:49:00.001-08:00

Tata group is entering in new era - The Mistry Era. It is going to be very big challenge for Cyrus Mistry to emulate the Ratan Tata. Ratan Tata Remained the firm torchbearer of the Tata legacy. Besides that he managed to increase the Group's revenue and profit 51 times in 21 years. Tata brand has become global. This show is about the rise of Ratan Tata and the group as well.

Does India respect science? Narayana Murthy-led debate

2012-12-25T10:29:00.001-08:00

Infy founder says "we need to create icons among scientists; Government does not highlight them enough".

Ponty Chadha, brother dead after shootout at farmhouse in Delhi

2012-11-22T08:03:00.001-08:00

Controversial liquor and real estate baron Ponty Chadha and his younger brother Hardeep have died in a shootout at their farmhouse in New Delhi. Police says that Hardeep opened fire on Ponty Chadha, following which Mr Chadha's security guard shot at Hardeep.

Are high-rise buildings safe?

2012-07-29T17:20:00.002-07:00

Shortage of land, especially in the metros, makes high-rise buildings a viable option for developers. However, in case of a fire or an earthquake, escaping from these buildings is a huge concern. Another drawback is that that these buildings are huge power guzzlers. So, should you buy that flat on the 25th floor?

Are cellphone towers near your home dangerous for you?

2012-07-29T17:00:00.002-07:00

NDTV exclusive: Bill Gates on the Facebook IPO, and his idea of happiness

2012-05-31T14:32:00.002-07:00

Netonomics: India Rising (Growth in Indian Internet Economy)

2012-04-23T08:45:00.000-07:00

Netonomics: India Rising (Growth in Indian Internet Economy)

Shining Growth of Indian People in Global Markets

2012-04-23T05:14:00.000-07:00

There is more to India than just its over-emphasized status of being the most populous democracy in the world. Random economic facts like India being the largest producer of milk, the largest consumer of sugar and spices as also the largest consumer of gold till last year, crop up now and then. But there have been achievements in the last few years which have put India on the world map. Over the last couple of years, India has been seen stamping its presence in the league of global leaders by the strength of its economic power. Consider these facts :

The Tata Group is the largest manufacturing employer in the UK.
Ireland’s richest person - Pallonji Mistry - is an Indian.
Coal India is the single largest coal producer in the world.
India is the largest whisky manufacturer in the world.
The Taj Group is the largest chain of hotels in Asia.

Despite a generous trickle of negative news, the list of these positives is also getting bigger. Household brand names such as Citigroup, Pepsi and Motorola are associated with an Indian CEO. Clearly,

India

has moved on from being a nation of snake charmers and appears to be on its way to become an economic power. The list includes, Nano, the cheapest car in the world from Tata Motors; Aakash, the cheapest tablet PC in the world, priced at $46; and other cheap tablet PC initiatives by private companies. Indian banks have only 2% bad loans versus 20% in

China

. In the mid-90s, on a representation made by Indian exporters, the government had removed the mandatory use of the ‘Made in

India

’ tag from goods exported. The law still exists on paper. Ostensibly, Indian exporters were embarrassed of using it then. But, today, no one is shying away from using the tag. Parachute is the world’s largest coconut oil brand. Bangalore has more Grade-A offices than

Singapore

India

is the largest diamond cutting and polishing centre in the world. Parle-G is the world’s largest selling biscuit brand. KEC is global leader in tower production capacity.

PlayStation 4 and Xbox 720 will be Lunched in 2012

2012-04-14T06:26:00.000-07:00

Microsoft is actively working on a new home console, planning to show it off at E3, with integrated Kinect, more capabilities for media playback and a full digital distribution solution.

Similarly Sony is thought to be in the initial planning phase for the PlayStation 4, with plans to unveil it later during the year, perhaps at the Tokyo Games Show or Gamescom.

Sony is working on an upgrade for the PlayStation 3, with the Move built in and with support for three-dimensional games included.

Both Microsoft and Sony are playing hide-and-seek with the player base and the observers of the industry about whether they plan to announce or introduce new hardware during this year.

How does It Effect Gaming World

A new generation of gaming hardware means that almost all developers and publishers enter a period of turmoil, learning to work with the new technology that is introduced and with the extra features (think touch screen, motion tracking and other attachments). This is both a threat and an opportunity for the average gamer.

India will become World’s Largest Economy by 2050

2012-03-31T02:43:00.000-07:00

India will outpace China to become the world’s largest economy by 2050, boasting a Gross Domestic Product (GDP) of $86 trillion, forecasts a report by global property firm Knight Frank and Citi Private Bank. Leading the elephant’s charge will be Mumbai and New Delhi, which will feature in the list of top 20 cities globally within the next ten years. “China will overtake the US to become the world’s largest economy by 2020, which in turn will be overtaken by India in 2050. The Indian economy will reach a size of $85.97 trillion in terms of purchasing power parity by 2050 while the Chinese GDP would be $80.02 trillion during the same period,’’ said the report. The US—currently the world’s largest economy—is expected to have a GDP of $39.07 trillion by 2050. In terms of growth from 2010-2050, India would be the second fastest, with its economy growing at a rate of 8% annually during the period after Nigeria which will grow at 8.5%.

अंबानी के तबेले से पड़ोसी परेशान

2012-03-29T08:43:00.002-07:00

Origin of the Name of Famous IT Industries

2012-03-25T12:34:00.000-07:00

Adobe : This came from name of the river Adobe Creek that ran behind the house of founder John Warnock.
Apple Computers : It was the favorite fruit of founder Steve Jobs. He was three months late in filing a name for the business, and he threatened to call his company Apple Computers if the other colleagues did not suggest a better name by 5 O'clock.
CISCO : It is not an acronym as popularly believed. It is short for San Francisco.
Compaq : This name was formed by using COMp, for computer, and PAQ to denote a small integral object.
Corel : The name was derived from the founder's name Dr. Michael Cowpland. It stands for Cowpland Research Laboratory.
Google : The name started as a joke boasting about the amount of information the search-engine would be able to search. It was originally named 'Googol', a word for the number represented by 1 followed by 1 00 zeros. After founders - Stanford graduate students Sergey Brin and Larry Page presented their project to an angel investor, they received a cheque made out to 'Google'
Hotmail : Founder Jack Smith got the idea of accessing e-mail via the web from a computer anywhere in the world. When Sabeer Bhatia came up with the business plan for the mail service, he tried all kinds of names ending in 'mail' and finally settled for hotmail as it included the letters "html" - the programming language used to write web pages. It was initially referred to as HoTMaiL with selective uppercasing.
Hewlett Packard : Bill Hewlett and Dave Packard tossed a coin to decide whether the company they founded would be called Hewlett-Packard or Packard-Hewlett.
Intel : Bob Noyce and Gordon Moore wanted to name their new company 'Moore Noyce' but that was already trademarked by a hotel chain so they had to settle for an acronym of INTegrated ELectronics.
Lotus (Notes) : Mitch Kapor got the name for his company from 'The Lotus Position' or 'Padmasana'. Kapor used to be a teacher of Transcendental Meditation of Maharishi Mahesh Yogi.
Mercedes : This was actually the financier's daughter's name.
Microsoft : Coined by Bill Gates to represent the company that was devoted to MICROcomputer SOFTware. Originally christened Micro-Soft, the '-' was removed later on.
Motorola : Founder Paul Galvin came up with this name when his company started manufacturing radios for cars. The popular radio company at the time was called Victrola.
ORACLE : Larry Ellison and Bob Oats were working on a consulting project for the CIA (Central Intelligence Agency). The code name for the project was called Oracle (the CIA saw this as the system to give answers to all questions or something such). The project was designed to help use the newly written SQL code by IBM. The project eventually was terminated but Larry and Bob decided to finish what they started and bring it to the world. They kept the name Oracle and created the RDBMS engine. Later they kept the same name for the company.
Sony : It originated from the Latin word 'sonus' meaning sound, and 'sonny' a slang used by Americans to refer to a bright youngster.
SUN : Founded by 4 Stanford University buddies, SUN is the acronym for Stanford University Network. Andreas Bechtolsheim built a microcomputer; Vinod Khosla recruited him and Scott McNealy to manufacture computers based on it, and Bill Joy to develop a UNIX-based OS for the computer.
Yahoo : The word was invented by Jonathan Swift and used in his book 'Gulliver's Travels'. It represents a person who is repulsive in appearance and action and is barely human. Yahoo! Founders Jerry Yang and David Filo selected the name because they considered themselves yahoos.

Steve Jobs and NeXT

2012-02-29T14:40:00.000-08:00

Steve Jobs rare footage conducting a presentation on 1980 (Insanely Great)

2012-02-29T14:37:00.000-08:00

Inflation Rate reached Lowest Level in over Two Years in India

2012-02-29T11:07:00.000-08:00

Inflation rate based on the wholesale price index fell to 6.55% in January, 2012, the lowest level in over two years, strengthening the argument for monetary policy easing by the Reserve Bank of India (RBI) amid a slowing economy. It was 7.47% in December, 2011, and 9.47% in January, 2011. At the present level, inflation has fallen to the 6-7% level faster than the government prediction of March. The moderation in January was led by a fall in food inflation with prices in the manufactured and primary food segment also falling due to a good harvest. Finance minister Pranab Mukherjee said inflation will be around 6% level by March 2012. Inflation in manufactured products, however, remained high. Inflation in this segment was at 6.49% last month compared to 5.32% in the year-ago period. Price pressure was higher in case of iron (18.5%), metals (12%), chemicals, edible oil and beverages and tobacco (9% each). Inflation in the fuel and power segment stood at 14.21% in January. Economists said inflation would have probably eased further had it not been for the falling rupee, making imports more expensive. Economists also warned of pressures ahead. They pointed out that the government had not passed on the higher oil and gas prices to end-consumers. These may be raised after the assembly polls. Similarly, if the next monsoon is disappointing, there may be fresh pressure on food inflation.

GSTN will be soon Implemented : Pranab Mukherjee

2012-02-29T10:52:00.000-08:00

India will soon roll out an IT platform to integrate central and state indirect taxes regime, Finance Minister Pranab Mukherjee has said. “We are working with the state governments for an early implementation of goods and services tax. Towards this end, an IT network called GSTN is being created to ensure integration of the tax systems of the centre and the states,” Mukherjee said. States had given their in-principle nod to launch the IT framework in August and the finance ministry is expected to soon take the proposal to the cabinet for its nod. A common IT framework will allow traders all over the country to use their permanent account number, or PAN, as the tax identification number for payment of all direct and indirect taxes. The move will not only benefit taxpayers but also tax authorities to keep a tab on transactions more effectively by linking it with other tax payments. Mukherjee said GST will bring about a paradigm shift in the arena of indirect taxation in the country and will give a boost to the tax revenues of the centre and the states. IT infrastructure is crucial for the success of the proposed GST, which will replace a plethora of indirect taxes including excise duty, service tax, value-added tax. Speaking on tax collections, Mukherjee said the indirect tax collection target of Rs. 3.93 lakh crore will be met in the current fiscal despite moderation in economic growth. “I am confident that the department (Central Board of Excise and Customs) would not spare any effort in meeting the indirect tax collection target. In fact, already indications are there,” he said. Total collection of indirect taxes in the first 10 months of the current fiscal was Rs. 3.17 lakh crore.

Lingamaneni Group announced launch of New Airline Air Costa

2012-02-29T10:22:00.000-08:00

The Vijayawada-based Lingamaneni group, which has interests in the realty and infrastructure business, announced the launch of a new airline, Air Costa. Lingamaneni Estates Private Ltd, popularly known as LEPL, said that it had secured the go-ahead from the Union civil aviation ministry to operate flights in the southern part of the country. Air Costa could be the first airliner in the country to operate on the regional routes, particularly in tier-II cities like Vijayawada, Visakhapatnam and Tirupati. The new airlines will be headquartered at Vijayawada with the corporate offices located in Hyderabad. According to company chief executive Captain N B Kakarala, the upcoming airline will begin with five flights initially. He said that the company had plans to link most tier-II cities in south India through their airline. The first aircraft will take off some time in May or June. He, however, did not reveal the volume of investment nor whether it was a joint venture.

India is the Third Largest Recipient of FII Inflows this Year

2012-02-28T12:18:00.000-08:00

India is the Third Largest Recipient of FII Inflows this Year

Sensex may touch 20,000 by June: Survey

2012-02-28T07:50:00.001-08:00

Sensex may touch 20,000 by June: Survey

Measuring the Roller Coasters

Smartphone makers make the big 2012 prediction

2012-02-06T14:58:00.000-08:00

Indian Retailers reported highest loss to theft in World

2012-02-04T11:43:00.000-08:00

Indian retailers reported the highest loss of stocks to theft in the world for the fifth year in a row in 2011, with about half of the loss attributed to shoplifting by customers. India's shrink rate, or loss of stocks because of thefts by customer, employees and suppliers, as a percentage of sales was 2.38%, costing local retailers Rs. 3,470 Crore, according to the fifth annual edition of the Global Retail Theft Barometer, an annual survey conducted by the Centre for Retail Research in Nottingham, UK, and underwritten through an independent grant from Checkpoint Systems.

The study was conducted across 43 countries between July 2010 and June 2011. In India, it covered 100 retailers, of which 60 were part of modern chains and 40 from the unorganized sector.

The biggest contributor to losses was thefts by customers, accounting for 47.6% of the total, followed by pilfering by employees at 25.5%. The losses have, to be sure, declined 12.5% from a year earlier, according to the study. To reduce thefts, retailers in the nation are spending more money on security solutions. Companies have also minimized their losses by providing more training to employees and assigning responsibilities on team and store managers for losses.

Scope of low calorie food in India

2011-12-25T13:05:00.000-08:00

There is much scope for making for Low calorie food as people are suffering from many diseases due to junk foods or soft drinks. Food Industries should take appropriate steps to create low calorie food or foods with higher fiber. Mostly, these foods are imported from other countries in bulk quantities. One such bakery industry is Tiffon which are manufacturing sugarless Biscuits which are popular among health conscious people. If any Indian bakery industry try to produce sugar free biscuits than cost of these products will be much low as compare to imported sugar fee biscuits. In India, none of Indian Bakery Company takes any serious steps or do research to manufacture sugar free biscuits or Cake at affordable price. As India is becoming capital of Obesity People but Indian food industries have never think about producing low calorie food in large scale. Other food drinks which are calorie free are Dlite Drinks which are available in many flavours like Lemon or Orange, Apple etc. The effort for manufacturing sugar free drinks by Dlite Brands is awesome and praising. But they do not advertise these drinks much on digital media or Paper Media. So, they are not popular among Indian people, as result, these drinks are not easily available in Indian markets. They are just available in big malls only. The efforts of PepsiCo brands are also good in manufacturing calorie drink like Pepsi Diets at affordable price. I suggest PepsiCo that they must lunch other flavour too with low calorie content eg Thumbup, Marinda. All of above, Efforts of Pitanjali Yogapeth is great in manufacturing herb foods which are highly nutritive and rich in fibers. I suggest Pitanjali Yogapeth to produce new foods which have taste of fast foods but contain Indian Herbs and Fiber too. They can produce Noodles or Pasta made of many cereals flours. As they are already producing biscuits, Dalia and flour made of many cereals. They can produce more food items which can be highly nutritional like ready to eat foods, fast food with herb nutrition and high fibers. I suggest Pitanjali Yogapeeth to manufacture biscuits rich in Indian Herbs. My other suggestion is that they can produce sugar free squash of Amala, Apple, or any Indian Herb drink for diabetic patient. They can manufacture Sauces rich in Indian herbs. Conclusion of this discussion is that there is much scope of low calorie foods and fibrous foods. A lot of research is required to produce such foods in large quantities but at affordable price. But unfortunately, in India, our higher education model is much traditional and old. In Indian universities, maximum studies is based on theoretical concepts and we do not take researches seriously in MSc or PhD levels as compare to America or European Universities. Mostly Indian student do research on old topics which was already documented by foreigner countries. All of this, Mostly Indian universities do not have much sophisticated scientific facility and equipments to do world class research work. Also, Indian government keeps much low budget for Research and Development too as compare to America or Europe.