Latest International Business News
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iGate CEO Phaneesh Murthy denies charges of sexual harassment
Sacked iGate CEO and president Phaneesh Murthy has denied the charges of sexual harassment against him and claimed that it was a case of extortion. In an audio conference, and said that the all the charges against him were "completely false". "This is without doubt a case of extortion. The same lawyer who had represented the woman in 2002 is representing the woman this time as well. You can ...
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Chinese Premier Li Keqiang calls for a handshake across Himalayas
Chinese Premier Li Keqiang offered New Delhi a "handshake across the Himalayas" and said the world's two most populous nations could become a new engine for the global economy if they could avoid friction on the militarised border. "What we need is a handshake across the Himalayas, what we need is to stand at a higher level to have a birds-eye view of our relations. I am convinced that as long ...
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Sarah Palin disproves climate change as it snowed in Alaska in May
Former Alaska Governor Sarah Palin took to Facebook over the weekend to express her skepticism of global warming. Palin argued that global warming was not happening, pointing that it was snowing in Alaska in May. According to the Huffington Post, she wrote in a post on her Facebook page 'global warming my gluteus maximus'. In her Facebook argument, Palin confuses weather with climate, a ...
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Costing Institute celebrates Annual Day
The Institute of Cost Accountants of India celebrated its Annual Day in which Mr. K. Rahman Khan, Minister of Minority Affairs was the Chief Guest and Mr. M.J.Joseph, Additional Secretary,Ministry of Corporate Affairs was the Guest of Honor. Cost Accountants from across the country, other distinguished guest and luminaries attended the event which was held at Hotel Oberoi. In the inaugural ...
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2018 FIFA World Cup stadium may be delayed until 2017
The completion date for Zenit St. Petersburg's $1.1 billion stadium has been put back again and it may not open until 2017, a decade after construction work began, the head of the government agency auditing the project said. The stadium is to host a 2018 World Cup semifinal, but the new date means there could be a rush to prepare it for scheduled Confederations Cup games in 2017. "The ...
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Andhra markets GAME city at Cannes
Riding on its extensive cinema industry, which produces one of the largest number of films in India, the government of the southern Indian state of Andhra Pradesh is keen to use the latest technological innovations in the industry to create skill development and employment opportunities for its youth. "We are planning to set up a GAME city which will serve as the hub for Gaming, Animation, ...
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Russia announces cash prizes for World University medallists
Russia's federal government will pay out roughly $5,400 to Russian gold medallists at this summer's University Games in the Russian city of Kazan, according to a decree signed Tuesday by Prime Minister Dmitry Medvedev. Silver medallists, meanwhile, will receive a bonus of just over $2,600, while bronze medallists will earn about $1,600, as Russia looks to finish first in the medal table for the ...
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Morgan Stanley India to sell wealth management arm to StanChart
MUMBAI - The UK based Standard Chartered (StanChart) Monday announced plans to acquire the Indian private wealth management business of US multinational financial services firm Morgan Stanley for an undisclosed amount as part of plans to expand operations. The acquisition is subject to regulatory approvals. "Standard Chartered India has agreed to acquire Morgan Stanley's onshore private ...
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Lloyds says wont need to issue new equity CoCos
LONDON (Reuters) - Lloyds Banking Group said on Wednesday that it would be able to meet new capital requirements without having to issue new equity or contingent capital, after Britain's financial regulator updated the bank on its position.Lloyds said it was confident in its capital position and re-affirmed previous targets for its core tier 1 ratio."Our strong capital position enables ...
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World W. Bank pledges sh 83 billion to aid peace in Africas Great Lakes
World Bank President Jim Yong Kim unveiled the proposed aid financing for one of Africa's most intractable conflict regions on the first day of a trip with U.N. chief Ban Ki-moon to Democratic Republic ...
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World’s two most powerful men to meet next month
Signalling a major thaw in their relations, US president Barrack Obama and Chinese president Xi Jinping will meet in US next month to give shape to future course of China-US ...
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UK lawmakers to probe transparency of mining oil firms
- Britain's parliament is to probe UK-based mining and oil firms, delving into areas such as transparency and disclosure after troubles at two mining companies burnt some investors' ...
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S.Korea to launch $1.8b fund for small venture companies
South Korea planned to launch 2 trillion won ($1.8 billion) worth of funds to enhance access to the equity capital market by small, venture companies with innovative technology, the financial regulator said Wednesday."Our growth ecosystem showed shortfall in fund inflow into startup and venture companies that have high risks due to their uncertainties and asymmetric information," ...
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Microsoft Reveals The Xbox One
Microsoft promises the Xbox One will be more than just a game console, but a "living room" with a TV tuner and cable box. Users will be able to switch between watching TV and gaming instantly through the Kinect ...
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A new social platform for Microsoft channel partners
Microsoft partner network (MPN) is Microsoft's 'official'body for channel partners. A Microsoft partner is one of the 640,000 companies worldwide that build, sell, or consult with Microsoft products. Most of these companies operate in the small-medium enterprise (SME) space, selling services related to Azure, .NET and SQL, Office 365, and SharePoint. The MPN isn't a revenue ...
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Worlds biggest Russian nuke-submarines to be scrapped
Russia will decommission and scrap two of the world's largest submarines by 2018, a defence industry source has said.The Severstal and the Arkhangelsk, both Project 841 (Typhoon-class) ballistic-missile submarines, are based at Severodvinsk on the White Sea. They will be withdrawn from the Navy by this year-end and will begin to be dismantled."This process is to be completed before ...
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Ex-Ford Motor executives charged with Argentina brutalities
(40 mins ago) Three former Ford Motor Co executives have been charged with crimes against humanity for allegedly targeting Argentine union workers for kidnapping and torture after the 1976 military coup. All three men are now in their 80s. Their case is part of a new wave of prosecutions focusing on corporate support for the dictators who ran Argentina in 1976-1983, and the 150-page indictment ...
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Tackling corporate tax avoidance set to top Brussels summit agenda
Concern at aggressive tax avoidance by some of the biggest global corporations looks set to sit high on the agenda at Wednesday’s European summit in Brussels. Britain and France have pushed the issue. On Monday so did the president of the EU Commission. ';The total of loss of revenue due to illegal and unacceptable evasion is estimated to be around one trillion euros a year. ...
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How companies can copy Apples strategy to avoid taxes
The national auditor has alleged that telcos acted as a cartel in spectrum auctions & accused the government of wittingly or unwittingly aiding mobile phone companies by not acting against ...
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Iluka earnings to fall
Iluka Resources says lower prices for its mineral sands will cause a fall in earnings in 2013. But prices have stabilised and demand is increasing, the company's managing director, David Robb, told its annual general meeting. Iluka is a major producer of zircon, used mainly in ceramics, and rutile and synthetic rutile, which are used in paints and plastics. Its key markets are China and ...
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Microsoft cuts five-year deal to upgrade NFLs technology
Envision Peyton Manning sitting on the bench and dissecting the last series from a variety of camera angles on his hand-held device instead of looking at still photos. Imagine Sean Payton holding up a Surface tablet instead of a cardboard playsheet on the sideline.It's coming.The NFL and Microsoft, through its next-generation Xbox device, are combining to upgrade interactive TV viewing of ...
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RPT-Fitch affirms 2 Small Business Trust PTCs at BBB-sf outlook stable
Wed May 22, 2013 2:54am EDT (Repeat for Additional Subscribers) May 22 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings has affirmed two pass-through certificates (PTC) from two Indian ABS transactions, Small Business Trust 2012 and Small Business Trust II 2012. These transactions are backed by small business loans secured by chit deposits or properties ...
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Lake Alfred Officials Vote Against Business Tax Increase
LAKE ALFRED | The City Commission has unanimously voted down a 5 percent increase in business taxes after several citizens spoke out against the ...
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Columbus State University Implements Data Warehouse and Business Intelligence Environment
REDWOOD SHORES, CALIF. - Columbus State University, ranked among the top regional universities in the South by US News & World Report, improved reporting accuracy and timeliness, enhanced data quality and provided insight into student retention, progression and graduation trends with the implementation of Oracle Business Intelligence Enterprise Edition, according to Oracle press ...
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Iluka earnings to fall
Iluka Resources says lower prices for its mineral sands will cause a fall in earnings in 2013.But prices have stabilised and demand is increasing, the company's managing director, David Robb, told its annual general meeting.Iluka is a major producer of zircon, used mainly in ceramics, and rutile and synthetic rutile, which are used in paints and plastics.Its key markets are China and the ...
North America Feature
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North America's unknown potential disaster
North America is facing a potential ecological disaster that most people are not even aware of, according to scientists who have been studying the little brown bat (or myotis bat), the most common species of bat in the United States and the wider North American continent.
This is because the bat is under attack by a killer fungus that grows on the bats’ wings during hibernation and causes them to lose body fat and wake early from their sleep, which causes them to eventually die. The fungal infection is said by researchers to be capable of killing off the bat within the next 16 years when their current population, which numbers up to several million, may fall to just 0.01% of present levels. Read more
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