Internet should not be monopoly of few: Ravi Shankar Prasad

Ravi Shankar Prasad

Lauding the telecom watchdog’s decision on discriminatory pricing, Communications Minister Ravi Shankar Prasad on Tuesday said internet is one of the finest creations of the human mind and it should not become the monopoly of a few. The Telecom Regulatory Authority of India (TRAI) in a much-awaited regulatory order on Monday had said that no…


RBI’s actions to boost growth, investment: Arun Jaitley

Arun Jaitley

Finance Minister Arun Jaitley on Tuesday welcomed Reserve Bank’s cutting the key interest rate by 0.5 per cent, nudging banks to transmit the benefit to borrowers so as to boost investments and the economy. The rate cut, he said, will reduce the cost of funds and help economic recovery. “This decision of the RBI will…


Narendra Modi govt all talk no action: Top US investor Jim Rogers

Jim Rogers

Commodities guru and hedge fund manager Jim Rogers has sold his holdings in Indian companies and has exited India saying that the Narendra Modi government has failed to live up to the expectations of investors. In an exclusive interview to Mint, Jim Rogers said PM Narendra Modi’s government “has been all talk and no action”….


PM Narendra Modi to launch 3 major insurance, pension schemes today

Narendra Modi

After Jan Dhan, Prime Minister Narendra Modi will launch three mega social security initiatives – one pension and two insurance schemes on Saturday. The schemes will be launched in Kolkata, capital of West Bengal where assembly elections are due next year. More than a dozen Union ministers will also fan out across the country on…


India can achieve 8-9 percent growth rate: Manmohan Singh

India can achieve a growth rate of 8-9 per cent provided there is a “national consensus” on methods to take advantage of globalised world, said former Prime Minister Manmohan Singh, whose tenure saw the economy registering three years of 9-plus growth rate. “I think that even though many other emerging economies are not doing too…


Arun Jaitley to meet state Finance Miniters today on GST

Finance Minister Arun Jaitley will today meet his state counterparts to iron out the “challenges” in rolling out the Goods and Services Tax (GST).The meeting would “discuss some of the challenges that the states see at this point of time”, Minister of State for Finance Jayant Sinha told reporters on the sidelines of Delhi Economics…


Cognizant to buy IT firm TriZetto Corporation for $2.7 bn

Cognizant Monday said it will acquire US-based TriZetto Corporation for USD 2.7 billion in an all cash deal, a move which will help the IT services firm tap the lucrative healthcare IT software and solutions market. The acquisition will create an entity with more than USD 3 billion in combined healthcare revenue, serving around 245,000…


Google can predict stock market crashes: Study

A rise in Google searches for terms relating to business and politics can predict a future stock market crash, researchers have claimed. A team of researchers from Warwick Business School in the UK and Boston University in the US has developed a method to automatically identify topics that people search for on Google before subsequent…


Flipkart raises $1 bn funding; drops plans to go public

India’s largest e-Commerce firm Flipkart on Tuesday said it has raised USD 1 billion (over Rs 6,000 crore) in fresh funding from a group of investors, the largest so far in the fiercely competitive online shopping segment in the country. The company did not disclose its new holding pattern. The sources said, however, that with…


Facebook beats Wall Street targets, stock hits record high

Facebook Inc’s fast-growing mobile advertising business helped drive a 61 percent increase in revenue during the second quarter, beating Wall Street’s financial targets and sending shares to a record-high in after-hours trading on Wednesday. The world’s No.1 Internet social network said on Wednesday that it saw increased interest from both advertisers and from users during…