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Category archives: Business

Of Onion Cartels & Skyrocketing Prices

With the first batch of imported Egyptian Onions entering the Indian wholesale market, Onion prices are finally breathing a sigh of relief. Wholesale prices saw a significant dip down by nearly Rs 10 per kilogram. But it is an open secret that this is only an ad hoc measure, a temporary solution and the problem is nowhere gone. It is almost the same scenario for the past couple of years. […]

How To Convert A Slump In Markets Into Profitable Investment

After the sharp fall in global markets overnight am sure many retail investors are right now sitting in deep losses or trying to cut their position by selling off the investment at whatever rate possible. Well you might be surprised but you are bracing yourself for way bigger losses going forward. Well you might ask, what is one supposed to do then in this scenario? My answer is stay calm, […]

Biggest Sensex Crash Since 2009 Wipes Out 7 Lakh Crore of Investors' Wealth

The BSE Sensex slumped 1,625 points or nearly 6 per cent on Monday – marking its biggest percentage fall since 2009. In terms of absolute value, it was the third worst day for Sensex. The rupee sank to a fresh two-year low of 66.74 per dollar. The selloff in markets was triggered by a global meltdown in risk assets. Here’s your 10-point cheat-sheet to the story 1) At its day […]

Azim Premji, Shiv Nadar Among World's 20 Richest People in Tech: Forbes

New York: Wipro Chairman Azim Premji and HCL founder Shiv Nadar are the only two Indian tycoons in the top 20 richest people in the world of technology, according to an inaugural list by Forbes that has been topped by Microsoft co-founder Bill Gates. Mr Premji is ranked 13th on Forbes’ first ever list of ‘100 Richest People In Tech’, followed by Mr Nadar on the 14th spot. Two Indian-origin […]

Shopping via smartphones may cross $40 million by 2016

Online purchases made through mobile phones are steadily increasing in India and are likely to touch $40 million in 2016 from the current $30 million, indicates a new joint study by Assocham and Grant Thornton. According to the study, a significantly low (19 percent) but fast-growing internet population of 243 million in 2014 is an indicator of the sector’s huge growth potential in India. This underlines the potential of internet […]

Apple Spends Rs 4.5 Crore Every Year To Keep Its CEO Tim Cook Secure. But Amazon And Oracle Spend Even More

Apple spends nearly $700,000 (about Rs 44616215) a year to protect CEO Tim Cook. Patently Apple pulled the figure from Apple’s Schedule 14A report with the US Securities and Exchange Commission. In full, the report stated (emphasis our own): “This amount represents: (i) the Company’s contributions to Mr. Cook’s account under its 401(k) plan in the amount of $15,600; (ii) Company-paid term life insurance premiums in the amount of $2,520; […]

Microsoft swallows a bitter pill, reveals quarterly loss of 3.2 Billion

Microsoft booked an $8.4 billion charge in the fourth quarter, swallowing a bitter pill by writing off the Nokia phone business it bought just over a year ago. It narrowly beat analysts’ depressed expectations for a quarter that also saw a steep decline in personal computer sales even as it prepares to launch its latest operating system, Windows 10.   The Redmond, Washington-based software giant posted a net loss of […]

The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis.

There has been so much attention on Greece in recent weeks, but the truth is that Greece represents only a very tiny fraction of an unprecedented global debt bomb which threatens to explode at any moment.  As you are about to see, there are 24 nations that are currently facing a full-blown debt crisis, and there are 14 more that are rapidly heading toward one.  Right now, the debt to […]

Rahul Yadav: The sudden decline of a brilliant entrepreneur

The moment you saw this comment you knew a backlash was around the corner. Not so much because of what was said but because of who said it. These days to be Rahul Yadav is to cop it no matter what. That is not to say that the “mote uncle” comment was great. But it was not really a crime. In fact, it would appear quite funny if made by […]