The market for paid online video download services like BigFlicks.com (owned by Reliance Anil Dhirubhai Ambani Group) is just not there. At least, not anytime in the near future. BigFlicks offers a wide selection of Bollywood and a small collection of regional language movies in its video download service (buy or rent) for a fee ranging from […]
If the rip-off prices of inkjet printer cartridges come down in the U.S, you’ll have to thank a desi guy in California – Ranjit Bedi. On Monday, Ranjit Bedi filed an antitrust lawsuit against HP and office supplies store chain Staples in the U.S.District Court in Boston charging the two companies with illegally colluding to stop competing […]
Indian perfume millionaires Mahender Muralidhar Sabhnani and his wife Varsha Mahender Sabhnani were found guilty by a New York jury of forced labor, harboring illegal immigrants, involuntary servitude and conspiracy charges in a high-profile case dubbed by prosecutors as “a case of modern day slavery.” The Sabhnanis, who live in a multi-million dollar home in Muttontown, a wealthy […]
The growing popularity of online bus ticketing web sites like Redbus.in, Tickevala.com, Yatra.com, Theluxurybuses.com, Abhibus.com, Indiabusticket.com and Checkouttrip.com is spurring online travel company Makemytrip.com to join the crowd. Makemytrip.com’s Chief Marketing Officer Sachin Bhatia told The Economic Times: The online bus-ticketing business is likely to witness robust growth in the coming years. We are aggressively planning to […]
Microsoft has acquired UK-based European online mapping service provider Multimap for an undisclosed sum. Multimap provides online maps, point-to-point driving directions and geo-spatial (“where’s my nearest?”) searches to businesses and consumers in Europe. Besides free mapping services for consumers, Multimap offers location-based services such as mapping, proximity searching, routing, aerial images with map overlay, local information and […]
Struggling financial services conglomerate Citigroup named Vikram Pandit, 50, as its new CEO and board member effective immediately. Vikram Pandit, who hails from Nagpur in India, was most recently Chief Executive Officer of Citigroup’s Institutional Clients Group, which comprises Citi Markets & Banking and Citi Alternative Investments. For his new job as Citi CEO, Vikram […]