India ranks 4th among money obsessed nations
| Top news With importance of money being increased after financial crisis, India has emerged one of those nations, which believes the saying "money talks" more than people in other countries, and typically thinks that cash is very important. Embezzlement by employees in Indian companies is a very common phenomenon, with many saying that the $4 million that a Wipro employee is said to have embezzled is a relatively ordinary figure. | Business India has proposed a sizeable tax relief for individuals but hiked excise and minimum alternate tax in the Rs.11,08,749-crore ($221.75 billion) budget for 2010-11 that steps up outlays for welfare schemes while assuring high, inclusive growth. ADA Group company Reliance Venture Asset Management, which already has two investments in American start-ups, has tied up with the Massachusetts Institute of Technology as an exclusive sponsor for their entrepreneurship development programme. | ||
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| Finance Following the hike in cash reserve ratio by the RBI, ICICI Bank has hiked the deposit rates by up to 50 bps on select maturities with immediate effect. Hathway Cable and Datacom, a cable television services provider ended the trading at Rs.211, a discount of Rs.12 percent to its issue price of Rs.240. | Technology Facebook has been awarded a patent pertaining to streaming feed technology, more specifically for 'dynamically providing a news feed about a user of a social network,' complementing another patent filing that has been published but not yet approved. 91 percent of iPhone users and 88 percent of iPod touch users would recommend others to buy their devices, according to the January 2010 AdMob Mobile Metrics Report. | ||
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| Startup city Unicel: Growing strong in the mobile space siliconindia news bureau Today, text messages are not only the simplest way to connect with our friends, they have also evolved into a major tool for enterprises to reach out to their customers and prospects. GoLive Gaming Solutions siliconindia news bureau GoLive Gaming Solutions was established in Sept 2008, as an online and offline game event management company which interfaces the gaming industry with the gaming community in India. | Magazine Founded in 2001, Connectiva Systems develops revenue management software that enables telecom operators to reduce revenue leakage, minimize fraud, improve operational effectiveness, and increase over-all profitability. The Indian IT services Industry has had a profound impact on the Indian economy, percolating down to the lower echelons of the Indian society and influencing the life of the common man. | ||
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| CXO Insights Brave Entrepreneur Hemir Doshi, Co-founder and Vice President IDG Ventures India VC money is not good for everyone- but only for certain types of businesses and entrepreneurs. There is an Unbelievable Market in Europe Shombhit Sengupta, Founder and CEO, Shining Consulting Speeding through Europe either as a tourist or business person you may be pleasantly surprised to find how the Euro facilitates your travel everywhere, save in a few countries. | Featured communities An ad-hoc network is a local area network (LAN) that is built spontaneously as devices connect. Instead of relying on a base station to coordinate the flow of messages to each node in the network. This community is for all who love physics... in this community you can express your self if you know about something in physics please post your publication and articles in this community. | ||
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| Featured mentors Chief Commercial Officer Director IT SW House Managing Director at Infopace management Pvt Ltd | Humor of the day Two weeks ago was my 35th birthday and I wasn't feeling too hot that morning anyway. I went to breakfast knowing my wife would be pleasant and say "Happy Birthday" and probably a present for me. Teacher: What are some products of the West Indies? Student: I don't know. | ||
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