India’s second-largest mobile phone operator Reliance Communications Ltd. has finally decided to sell its 26 percent stake to a strategic or private equity investor. The move comes as the company aggregates funds to expand its services and pay its debts including 85.9 billion rupees ($1.8 billion) that it had raised to pay the Indian government [...]
The ongoing sort-of-crisis in Europe and Greece in particular has made economist Paul Krugman chew his words on Euro optimism. He now agrees in his New York Times column that everything is not so rosy for the Union and its currency and argues that there are “three possible ways that Greece could stay on Euro”. [...]
Apple, maker of the iPhone and IPAD, surpassed Microsoft in market value for the first time this Wednesday (26 May) and assumed the position of largest technology company in the world, according to data from Reuters and consultancy Capital IQ.
Based on the value of the shares of both companies on the market, Apple exceeded at [...]
For people who have already started blaming Europe for the ongoing economic worries being felt around the world, here is a reality check. The fractional reserve system of the US will ensure probably for a considerable period of time that the world would still not come out of the woods-more so the largest economy in [...]
Tim Harford, the writer of the breakthrough book ‘The Undercover Economist’ would be gloating over the on-going phenomenon. What is going on in India currently certainly interests economists and would fascinate most people. The apprehensions of availability of 2G spectrum is pushing up the price of 3G spectrum bids which have already crossed Rs 70,000 [...]
Some sectors hurt more than the others during and immediately after an economic slowdown. Consequent hiccups in the banking and the IT sectors have paralyzed millions the world over. However we, lost in the glamor of high flying sectors often tend to forget the plight of people who are essentially running the wheels of human [...]
The Prime Minister of Greece George Papandreou said that his country is considering taking legal action against the US investment banks because he believes that they might have well contributed to the country’s present debt crisis. US stocks had fallen as Euro slumped on concerns that Europe might not be able to contain the debt [...]
The game developer Zynga can withdraw their game “Farmville” from Facebook.
The reason was a disagreement between the owner of the game and social network executives because of the introduction of the currency Credits Facebook.
Virtual money is proposing the creation of a currency that can be used in all games and applications on Facebook. The [...]
US-based Sybase Inc has been bought over by Germany’s SAP AG in a 5.8 billion dollars all-cash deal. The deal was eventually inked between Sybase and the US subsidiary of SAP AG. The deal is expected to add new verticals to SAP’s portfolio and will enable it to improve on its mobile platform technology making [...]
Information Technology (IT) plays a vital role in successfully running a Micro Finance Institute (MFI). But many have a doubt “who should facilitate the implementation of information technology (including MIS) into the Micro Finance Institutions,” says George Staicu, senior bank & microfinance consultant/trainer at Job Mate, in his paper titled ‘microfinance best practices.’
According to George, [...]
