India has fallen a few notches in the latest Global Competitiveness Index released by the World Economic Forum. India’s rank fell to 48 in the 2007-2008 GCI Index behind former Communist nations like Hungary, Czech Republic, Slovak Republic and Latvia. Last year India fared better with a rank of 42. The United States maintained its status […]
Oh boy, oh boy. As Indian Prime Minister Manmohan Singh cozies up to the Bush Administration, his youngest daughter Amrit Singh blasts the same administration for borrowing methods from tyrannical regimes (and she is right). In her new book Administration of Torture, Manmohan Singh’s U.S-based daughter Amrit Singh plunges the dagger deep into the rotting […]
Internet darling Google’s shares surged past $700 for the first time on Wednesday barely a few weeks after the stock breached the $600 barrier. Defying commonsense, Google shares closed at $707 Wednesday giving the Internet search company a market capitalization of $220.7 billion. Consider this – Google’s market capitalization is now higher than that of […]
The trial of Mahender Muralidhar Sabhnani and his wife Varsha Mahender Sabhnani charged with enslaving and abusing two Indonesian women servants opened in a Federal Court in Long Island on Monday. Mahender Sabhnani, 51, and Varsha Sabhnani, 45, residents of the wealthy enclave of Muttontown in Long Island have pleaded not guilty to a 12-count federal […]
Social networking web sites seem to be the big rage in Internet-land with News Corp, Microsoft and Google all owing a piece of the action in this hot segment. Now media laggard HT Media, parent company of the Hindustan Times newspaper, has belatedly developed the social networking itch. The slow-moving HT Media says its subsidiary Firefly e-Ventures […]
On Monday, the Indian stock market sent a strong message of the economic vibrancy in the country to visiting U.S. Treasury Secretary Henry Paulson by driving the BSE Sensex to a record high of 20,000 points. The BSE Sensex is an index of 30 large and actively traded stocks on the Bombay Stock Exchange. After […]