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  News Spotlight:General | Business | Technology | Ventures | Weekend | Member News

General

Arvind Adiga wins Booker Prize with 'shocking tale' of Indian poverty
  Indian writer Aravind Adiga has won the 2008 Man Booker Prize, one of the world's most prestigious literary awards, for 'The White Tiger' - his debut novel set against the backdrop of India's growing wealth gap.

Technology

BPO to outshine IT outsourcing
  IT being in the midst of the ever growing economic turbulence will see its outsourcing straggle as business process outsourcing (BPO) outshines it.

Technology

IT spending to drop to 2.3 percent: Gartner
  IT insecurity to grow more with Gartner, an IT research firm, wiping out its earlier assumption on IT spending to grow at 5.8 percent for 2009, predicting that it can drop to 2.3 percent.

Business

India's civil aviation offers $300 Billion investment opportunity
  India's aviation sector offers investment opportunity of $200 billion to $300 billion by 2020, and it is confident of overcoming the "temporary hurdles" to continue the growth, Civil Aviation Minister Praful Patel said here Wednesday.

Technology

Using Internet is good for the brain
  Internet use benefits the brains of middle aged and older people as it stimulates the brain's decision-making and reasoning centres, according to a study by U.S. scientists.

General

Premji Foundation plans to set up university to train teachers
  Wipro Chief Azim Premji managed Azim Premji Foundation is planning to set up a university in Karnataka putting focus on building teaching talents and to offer training programs to education professionals in India.

Technology

HCL equips Delhi police with technology to fight crime
  HCL Infosystems has equipped the police force with technology to access automated information that travels faster helping them to reach crime scene immediately.

Technology

CA to invest $30 Million in India Technology Centre
  Leading IT management firm CA will expand its India Technology Centre (ITC) here at an investment of $30 million, it announced Tuesday.

Business

RBI grants $4.4 Billion to help banks to lend to Mutual Funds
  Banks in India are expected to lend to mutual funds (MFs) to help to meet their liquidity needs and overcome redemption pressure at interest rates of 10 to 11 percent.

Business

Pepsi to cut 3,300 jobs globally as profit falls
  Reporting a 9.5 percent drop in the third-quarter profit and a downbeat profit outlook for the next quarter, Pepsi has announced plans to cut 3,300 jobs globally.

General

Jet Airways to lay off 850 employees
  A day after striking an alliance with Kingfisher Airlines, Jet Airways decided Tuesday to lay off 850 of its employees.

Business

India's central bank extends scheme to fund mutual fund
  The Reserve Bank of India (RBI) Tuesday said the auction of bonds to release Rs.200 billion ($4.18 billion) toward the needs of mutual fund industry would be extended till such time it was fully subscribed.

Ventures

PE investments fall to $3 Billion last three months
  Private equity (PE) investments in India witnessed a decline in the last three months ended September though the number of deals has increased.
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