Stung by persistent criticism of Hindu activists that Christian missionaries in India are pressuring and inducing poor Hindus to convert to Christianity, the Vatican threw the gauntlet at Hindus on the eve of the Diwali festival. Cardinal Jean-Louis Tauran president of the Pontifical Council for Inter-religious Dialogue said on Monday: Belief and freedom always go […]
Heady from its overwhelming success in the search arena, Google wants to extend its sway into the mobile arena as well. On Monday, the Mountain View, California company rolled out a new alliance of 34 members called Open Handset Alliance to develop new cell phones based on open technology standards. Google and other members of the […]
The Wall Street Journal is tooting its horn that it’s hit the one million paid subscriber mark for its online edition WSJ.com. WSJ.com subscribers stood at 989,000 at the end of the third quarter, up 25.5% year over year. WSJ.com is that rare success in a sea of failures of newspapers that have struggled to get […]
Disgusting; U.S. Pisses Away $306b on Citigroup Update: Vikram Pandit named CEO of Citigroup on December 11. Click here for details. Vikram Pandit is that rare Indian who has made it big within the stratospheric heights of the financial sector in New York. A Mumbai native, Vikram Pandit is CEO of Citigroup’s Institutional Clients Group comprising of Citi […]
Embattled financial services giant Citigroup is expected to take another mega write-down of $8 billion-$11 billion on top of the $5.9 billion write-down the bank took in early October, according to reports coming out of New York City. The huge write-down is necessary in view of the falling value of sub-prime mortgage securities held by […]
Pakistan President and military chief General Pervez Musharraf has imposed Emergency rule in the country and suspended the constitution. But eight of the 11 justices of Pakistan’s independent and feisty Supreme Court have already signed an order declaring the Emergency illegal. The Supreme Court was set to rule on the constitutionality of General Musharraf’s re-election […]