New Delhi: FICCI Friday called for regulating sports betting in India in the wake of the cricketing spot fixing scandal. Despite several attempts to ban it, betting is continuing in an underground way, the business lobby said in a statement. The middle way out “is it should be regulated in a way” to reduce this [...]
Washington: The board of web pioneer Yahoo has reportedly approved a deal to buy popular blogging site Tumblr for $1.1 billion in cash, according to various media reports. Yahoo CEO Marissa Mayer and Tumblr CEO David Karp were reported to be in talks last week. On Sunday, the board approved the deal, the Wall Street [...]
Washington: Microsoft unveiled a new Xbox console Tuesday that represents a major upgrade on the US-market-leading Xbox 360 model. The president of the IT giant’s Interactive Entertainment Business, Don Mattrick, revealed the hi-tech Xbox One entertainment and gaming console during an event at Microsoft’s Redmond, Washington, campus. The Xbox One was presented as an all-in-one [...]
New Delhi: Prime Minister Manmohan Singh Wednesday said that the UPA government had improved the performance of the economy, made growth more inclusive and ensured better delivery of welfare programmes. Speaking at a function at his official residence to mark four years of the United Progressive Alliance-II government, the prime minister said his government had [...]
Agartala: A consumer court in Tripura has ordered Cadbury India to pay a compensation of Rs.30,000 to a complainant who found an iron pin inside a chocolate bar made by the company. But the company said it disagreed with the findings of the consumer court and would file an appeal against the order in the [...]
New Delhi: Demands for gold in India surged 27 percent to 256.5 tonnes in January-March 2013 even though the global demands dropped by 13 percent, the World Gold Council said Thursday. Addressing the media, World Gold Council India managing director P.R. Somasundaram said demands for the yellow metal for both jewellery and investment purposes remained [...]
New Delhi: Norway’s sovereign wealth fund, Government Pension Fund Global, is investing $4 billion in India and is focused in the areas of oil and gas, shipping and hydropower, Norway’s envoy to India has said. Norwegian Ambassador Eivind S. Homme said the Government Pension Fund has a capital of $720 billion and is into petroleum. [...]
Mumbai: The current size of the Indian food industry stands at Rs.247,680 crore per annum and is expected to grow at 11 percent to touch a staggering Rs.408,040 crore by 2018, an official said here Tuesday. In terms of market segments, the Quick Service Restaurants and casual dine-in formats account for nearly three-fourths of the [...]
Bangalore: Indian IT bellwether Infosys became Environmental Tracking (ET) carbon ranking leader in 2013 for its greenhouse gas emissions and disclosure practices. “As part of the selection process, the Environmental Investment Organisation (EIO), a London-based climate change and finance think-tank, ranked Infosys among top five of the 300 large firms it assessed for carbon footprint,” [...]
New Delhi: Finance Minister P. Chidambaram Wednesday ruled out the possibility of early elections and said the government will take more reform initiatives in the next two-four months in a bid to boost economic growth and contain deficit and inflationary pressure. “We will continue to take small significant steps. We will also take forward some [...]
