Can two Internet failures – Microsoft and Yahoo – become successful when they come together? We doubt it. After failing badly in its efforts to take on the Google juggernaut, Microsoft has made a desperate $44.6 billion offer to buy struggling Internet pioneer Yahoo. We think Microsoft’s proposal is heck of a bad idea. What does […]
This is a story that could happen only in India. Apparently, 500 poor people in the North Indian city of Gurgaon have lost their kidneys to an unscrupulous gang of greedy doctors who removed the kidneys and sold them to rich Indians and foreigners. Describing the literal theft of the kidneys of poor folks, the […]
Citigroup CEO Vikram Pandit, who just butchered 4,200 jobs the other day for so-called expense management reasons, got about $26.7 million in stock (1.094 million shares) on January 22, 2008, according to the bank’s regulatory filings with the Securities and Exchange Commission. Vikram Pandit also received options on three million Citigroup shares, with strike prices ranging from […]
U.S. Presidential candidate Barack Obama trounced rivals Hillary Clinton and John Edwards in the Democratic primaries in South Carolina. Obama got 55% of the votes while Hillary secured 27% and Edwards 18%. Following his decisive victory in South Carolina, Obama said: Tonight, the cynics that said what began in the snows of Iowa was just an […]
Microsoft chairman Bill Gates and his wife Melinda Gates are giving $27 million through their charitable foundation to assist Indian farmers in developing micro-irrigation techniques. The grant is being routed through International Development Enterprises. The goal of the project is to assist up to 250,000 smallholder farm families—1.75 million people—in 14 states of India and boost […]
Now that Ratan Tata has unveiled the much anticipated $2,500 Tata Nano at the Delhi Auto Expo, the two big questions are what does the People’s Car mean for existing foreign players like Ford, GM and Suzuki who have set up operations in India and what impact will it have on Tata’s aspirations for the high-end Jaguar […]