Times of IndiaPosted by Yogesh on Saturday, 17 May, 2008
Physicists have come up with a way to explain how information could escape from a black hole, an idea that’s been debated since the 1970s.
But the new proposal leaves the long-held concept of a space-time continuum in tatters.
Whether you’ve been following the arguments over the years or not, now might be a good time to reach for some aspirin, as space-time continuum textbooks may have to be revised. Read the rest of this entry »
Posted in Technology | Tagged: black hole, kitchen sink | 1 Comment »
Posted by Yogesh on Saturday, 17 May, 2008
India’s Bharti Airtel Ltd and South African telecoms operator MTN Group may complete their merger talks this weekend, India’s Mint newspaper reported on Saturday, citing financial industry sources.
Bharti is the leading mobile phone operator in India, the second-biggest wireless market after China. Bharti has said talks with MTN are preliminary and no bid has been made.
Media and analysts estimate Bharti may value MTN as high as $50 billion. Merging the two firms would create the world’s sixth-largest mobile operator, with more than 130 million subscribers in nearly two dozen countries. Read the rest of this entry »
Posted in Corporate News | Tagged: Bharti | Leave a Comment »
Posted by Yogesh on Saturday, 17 May, 2008
At Tata’s Engineering Research Center, near the bucolic surroundings of the Tata Motors factory in Pune, India, there are two cars on display. One is a complete prototype of the Nano, the $2,500 compact car Tata unveiled in January, which has all the essentials and safety features of India’s higher-priced automobiles along with a sticker price that will forever change the economics of low-cost cars. The other is a neat bisection, with the car’s innards clearly visible. “Every day we invite people to come and examine the car and ask: ‘How can we make more savings?’” says Tata Motors Chief Executive Ravi Kant. Read the rest of this entry »
Posted in Corporate News | Tagged: chepest car, Tata | Leave a Comment »
Posted by Yogesh on Saturday, 17 May, 2008
India shines like a tempting lure for Chinese companies seeking to expand abroad, and on first glance the Indian market looks like a natural fit.
Who better than the Chinese, after all, to provide basic computers and air-conditioners at bargain prices?
But Chinese firms have found profits in India are hard to come by. Tax barriers are everywhere, eroding their cost advantages. Corruption is rampant, adding another layer of difficulty. And Chinese goods have a low-quality image that is very hard to shake. Read the rest of this entry »
Posted in Indian Economy | Tagged: China, India | Leave a Comment »
Posted by Yogesh on Saturday, 17 May, 2008
Erin Burnett is traveling the globe in search of today’s most compelling business stories and the market movers of tomorrow. Keep up with all of her travels here, as she shares the stories she finds along the way. To see the video click here
Posted in Indian Economy | Tagged: video | Leave a Comment »
Posted by Yogesh on Saturday, 17 May, 2008
StemCyte Inc. today announced that Chief Scientific Officer Ram Bhat, Ph.D., will present a company overview with a focus on the StemCyte’s Indian joint venture at the TiEcon 2008 conference in Santa Clara, Calif.
Bhat will present during the session on “Stem Cells – The Future Promise and the Current State of the Art” on Saturday, May 17. His presentation will include information about the development of StemCyte India Therapeutics, the joint venture with Apollo Hospitals and Cadila Pharmaceuticals. StemCyte India Therapeutics, which was formed in March 2008, will provide stem cell therapies derived from umbilical cord blood to treat patients in India and other areas of the world. Read the rest of this entry »
Posted in Technology | Tagged: StemCyte, TiEcon | Leave a Comment »
Posted by Yogesh on Saturday, 17 May, 2008
The United Steelworkers is fighting steelmaker and distributor Esmark Inc.’s plans to accept a $670 million buyout offer from India’s Essar Steel Holdings.
The USW sent a letter to Esmark on Friday demanding the company scrap its agreements with Essar, claiming the deal violates the union’s contract with Esmark.
The contract, which expires Sept. 1, gives the union the right to reject any deal that changes control of the company. The USW contends Esmark didn’t give it adequate notice and an opportunity to offer an alternative proposal before accepting Essar’s cash buyout offer. Read the rest of this entry »
Posted in Corporate News | Tagged: Essar Steel | Leave a Comment »
Posted by Yogesh on Saturday, 17 May, 2008
India, May 16, 2008 (BUSINESS WIRE) — Eros International, the leading global studio of Indian filmed entertainment and Jaman.com, the premier online destination for international and independent films, today announced a multi-year international partnership to distribute more than 100 Bollywood movies from Eros’ catalogue, including blockbusters such as Sholay, Devdas and Eklavya on Jaman.com.
Serving an active community of film fans in more than 200 countries, Jaman allows viewers to rent or stream free, ad-supported movies in better-than-DVD quality. With the addition of the Eros titles from some of the India’s best known filmmakers, Jaman builds upon its diverse collection of full-length features, documentaries and shorts from around the world. Read the rest of this entry »
Posted in Corporate News, Emerging Sector | Tagged: Devdas, Eros, Sholay | Leave a Comment »
Posted by Yogesh on Saturday, 17 May, 2008
India’s Tata group may sell 49 percent of its phone transmission-towers business to a unit of SREI Group for about $1.9 billion, the Times of India reported, citing an official it didn’t identify.
Quippo Infrastructure Equipment Ltd., a SREI Group company, is among the leading bidders for the stake in Wireless Tata Telecom Infrastructure that owns about 13,500 transmission towers, the newspaper said.
Citigroup Inc. and Lehman Brothers Holdings Inc. are advising Tata, while JM Financial Ltd. is advising Quippo, the newspaper said. Read the rest of this entry »
Posted in Corporate News | Tagged: Tata | Leave a Comment »
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