Mar 9, 2016 - Mallya leaves India for foreign climes

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Sree Vijaykumar From the Editor's Desk In the Netflix series, Narcos, the infamous and powerful druglord Pablo Escobar is shown spending jail-time collecting photographs and building a memoir. While Tihar jail is no La Catedral, Subrata Roy, the once powerful chief of Sahara is writing a trilogy in jail, the first of which, Life Mantras, was released on Feb 1. Unfortunately, it's not a memoir. With allegations of Sahara being the Swiss bank of India, a tell-all would have made for some interesting reading - Comment Mallya leaves India for foreign climes The lenders were trying to prevent Vijay Mallya from leaving the country Is there more to India’s urbanization beyond Delhi and Mumbai? With close to 25 million people living in Mumbai and Delhi combined, India’s urbanization has clearly been lop-sided India likely to outgrow China for many years: Marios Maratheftis India has rocketed ahead of China as a leading world economic powerhouse amid a steep slowdown in the global economy and despite an atmosphere of increasingly What does the EPF tax rollback mean for you? Owing to a middle class backlash, the ministry of finance has rolled back its tax proposal on EPF, restoring the attraction of the retirement savings avenue How minority shareholders may be hit by the new dividend tax If you want to know whether your company’s dividend payments will be hit, watch out for promoter restructuring Aion Capital joins race for LafargeHolcim’s cement assets In February, LafargeHolcim announced its plans to sell its entire cement portfolio held under Lafarge India in its bid to comply with anti-trust regulations Nykaa looks to raise Rs 100 crore, expand private label offerings Nykaa.com, run by FSN E-commerce Ventures Pvt. Ltd is eyeing a near three-fold jump in revenue Jaiprakash Associates misses interest payment on bonds Firm says dues will be paid from the proceeds of the proposed sale of its cement assets to UltraTech Cement Syndicate Bank locations searched by CBI over alleged Rs1,000 crore fraud The alleged fraud includes the use of fake bills, providing overdraft limits against non-existent life insurance policies As India economy grows, female participation in work force declines: ILO Usually, economic growth goes hand in hand with emancipation of women. But data available with the International Labour Organization (ILO) shows otherwise for India. Are we heading back to 2008? Today, there are seven sources of potential global tail risk, and the global economy is moving from an anaemic expansion to a slowdown LIC’s profit seen slumping as choppy markets take a toll LIC is expected to book a profit of Rs15,000 crore on equities in the year to 31 March, a five-year low Govt to divest 5% stake in Container Corp Govt will sell 9.74 million shares; floor price for share sale set at Rs1,195 per share 4-million merchants on platform? Paytm claims it's doable this year "This year, we will be present offline in every nook and corner,” said Vijay Shekhar Sharma, CEO at Paytm. "Our offline payments will become as big as our online payments." Kishore Biyani eyes Rs 20000 crore sales for food, consumer business by 2021 Betting big on food and consumer business, Future Group aims to clock a revenue of Rs 20,000 crore in this segment by the year 2021. IKEA to invest Rs 2000 cr in Haryana The company said it would employ about 1,000 workers directly and engage around 3,000 more for providing services such as furniture assembly, delivery services, among others Slow growth in UK retail sales as shoppers stop splashing cash SHOPPERS stopped splashing the cash in February as UK retail sales stalled to cast further doubts over growth prospects. Amazon is creating a new virtual reality platform , a job posting on employer evaluation site GlassDoor has indicated. The posting, spotted by UploadVR, calls for a senior software development... BigFoot Retail Solutions gets Rs 13.5 crore more in Series-B funding The latest tranche come less than two months after the four-year-old company raised $6 million (Rs 40.3 crore) in a fresh round of funding that was led by Bertelsmann India Investments. See huge market potential for handicraft in small cities, says X5 Retail CEO Pradeep Shekhawat Around eight out of 10 Indians do not know of a credible place to shop for authentic ethnic goods. Providence may grab Idea's offer to exit Aditya Birla Telecom Idea Cellular is believed to have offered Rs 4,000 crore to buy out Providences 16% stake in its subsidiary Aditya Birla Telecom. 3G, 4G driving data usage: Nokia study "Appetite for data consumption is very huge in India. That is evident from the this study," Nokia, Head of technology for India, Amit Marwah said. Telecom Stats: India Adds 67.3M New Mobile Subscribers in 2015, Total Reaches 1011M India ended year 2015 with a total telecom subscriber base of 1036.41 million. Out of those 1010.89 mln were mobile subscribers, while 25.52 million were wireline subscribers. Google could test Project Loon with Indian telecom operators Earlier in January 2016, the Indian government gave Google green light to proceed with piloting Project Loon in the country, representing a major step forw Mukesh Ambani's telecom bet may rekindle family rivalry Today, only 20 million homes in India have a broadband or another Internet connection - indicating huge potential in a country with a population of some 1.3 billion. 3G outpaces 2G data traffic in India, says Nokia study As companies like Google work to get the millions of people living in rural India online for the first time, the latest annual MBiT Index study from Nokia reports exponential 3G data traffic growth across the country in 2015. Google's Internet Beaming Balloons Bringing WiFi to Rural India Google is pushing forward with its Project Loon plans to bring Internet access to remote parts of India as The Economic Times today reported the company is currently in talks with local telecommuni… Jewellery major WHP (Waman Hari Pethe) Jewellers forays into the e-commerce space with www.whp.net.in Known for pioneering aspirational design trends in the industry, the e-commerce platform will offer a unique concept of online ‘jewellery boutique . Consulting firms EY, Deloitte, Cognizant looking to hire high number of MBA graduates this year Cognizant, which topped ETs Top Recruiters at B-School study for over three years now, said it stepped up hiring this year. Top IT players are now focussing on improving the revenue per employee Of the top pack, Cognizant (listed on Nasdaq) and HCL Technologies have increased per employee revenue by 34% each since December 2009. Why should we upgrade India's cyber security architecture? Two things set aside India’s digital spaces from that of major powers such as the United States and China: design and density. India is a net information exporter. Its information highways point west Slowing growth in revenues from BFSI a worry for Indian IT firms Reduced tech spending by banks, automation and competition from mid-sized IT firms may impact the Big Four Google opens access to Project Fi mobile phone service Google on Monday opened its Project Fi mobile phone service to anyone in the United States using its latest model Nexus smartphones. The public launch of Project Fi marked the end of a 10-month, invitation-only test phase and comes as the Internet giant's first foray in being a mobile phone service provider. 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