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 […]
Senior U.S. officials are quietly pressuring India to sign the nuclear deal that Prime Minister Manmohan Singh has put on the backburner because of domestic political compulsions. After all, at stake for the American companies like GE and Westinghouse are multi-billion dollar contracts. U.S. Treasury Secretary Henry Paulson, the Chief Spokesman for big American businesses, […]
Struggling with its Internet misadventures in the face of the relentless Google onslaught, a desperate Microsoft is investing $240 million in social networking web site Facebook Inc. Google, which was also keen on a deal with Facebook, has a social networking web site Orkut that’s popular in India and Brazil but has yet to catch on in the […]
Is the appeal of Yash Raj Films movies fading with the Indian diaspora in the United States? We think so judging by the quality of Yash Raj’s last few movies and their relatively weak box office response in the U.S. One of India’s largest movie makers and distributors, Yash Raj has seen some of its […]