These little-known realty shares gave sky-high returns in last two years
Jul 03, 2015 at 09:30 | Source:
Real estate shares were every investors' darling before the 2008 global financial crisis. After the outbreak of crisis, mounting losses, ballooning debt levels, higher inventory due to sluggish demand and unwarranted venturing into non-core businesse...
Senior Islamic State leader killed in US drone strike
Jul 03, 2015 at 09:16 | Source:
Washington: A coalition airstrike in Syria has killed a senior Islamic State leader, who has been responsible for moving fighters and weapons from Libya to Syria, the Pentagon has said.A senior US official said yesterday that Tariq bin Tahar al-'Awni...
Dollar dips after disappointing U.S. jobs data| Reuters
Jul 03, 2015 at 07:15 | Source:
TOKYO The dollar slipped in early Asian trading on Friday, as disappointing U.S. employment data and caution ahead of Greece's referendum on bailout conditions kept the market mood subdued.Against its Japanese counterpart, the dollar was buying 122.8...
Egyptian army kills 35 militants in North Sinai - sources| Reuters
Jul 03, 2015 at 06:30 | Source:
ISMAILIA, Egypt Egypts military killed 35 Islamist militants in North Sinai on Thursday, security sources said, a day after the deadliest clashes in the region in years.The sources said those killed had taken part in Wednesday's fighting in which the...
Afghanistan targets US defence contractors in row over back taxes| Reuters
Jul 03, 2015 at 04:30 | Source:
KABUL Afghanistan is threatening to crack down on U.S. defence contractors it says owe hundreds of millions of dollars in back taxes, including by freezing their bank accounts and refusing to renew yearly business licences when they expire.The United...
Economy picking up, need more reforms for strong growth, says Rajan
Jul 02, 2015 at 22:58 | Source:
Chennai: Confident of economic recovery, RBI Governor Raghuram Rajan today said capital investments are picking up but a stronger growth would require more reforms and clearing bottlenecks for stalled projects.Rajan, known for critical analysis of ma...
India saved $2 bn by reforming fuel subsidiary delivery, says Pradhan
Jul 02, 2015 at 22:45 | Source:
Washington: India has saved $2 billion in the last one year by taking steps to reform fuel subsidiary delivery, Union Petroleum Minister Dharmendra Pradhan said today, insisting that the government is working to cut the leakages and not the subsidy.&...
PayPal to buy Xoom for $890 mn in cash to expand portfolio
Jul 02, 2015 at 19:36 | Source:
Washington: Online payment firm PayPal will acquire digital money transfer services provider Xoom for about $890 million in an all cash deal as it eyes to enter the burgeoning global money remittances market.Both the firms have signed "a definit...
Capgemini completes acquisition of IGATE
Jul 02, 2015 at 15:44 | Source:
Capgemini has completed the acquisition of IGATE Corporation. Pursuant to the terms of the merger agreement, announced on April 27, 2015, IGATE became the indirect wholly owned subsidiary of Capgemini.As a result of the acquisition, IGATE shares will...
Love Monopoly? Now a film is being made on the game
Jul 02, 2015 at 15:25 | Source:
Los Angeles: Production house Lionsgate willfinance the movie and co-produce a movie based on board gameMonopoly.It is teaming up with Hasbro's Allspark Pictures for thefilm, whose screenplay will come from Andrew Niccol ('TheTruman Show', 'The Termi...
The Big Data Paradox
Jul 02, 2015 at 13:59 | Source:
By Vivek TyagiBig Data will have a profound impact on scientific research, manufacturing and a wide spectrum of activities that impact our daily lives. But only if we can keep up with it.Call it the Big Data Paradox.New software technologies like Had...
Global IT giants Microsoft, Oracle hail Digital India
Jul 02, 2015 at 12:58 | Source:
On Wednesday, Prime Minister Narendra Modi inaugurated the launch of 'Digital India' project at the IGI Stadium, New Delhi. The first day of the Digital India Week saw who's who of India Inc. pledging investments worth Rs 4.5 lakh crore; and about 18...