More Poor Folks in India than Anywhere Else

As the Ambani bozo builds a $2 billion dollar mansion amidst the Mumbai hovels, as glitzy malls replace neighborhood kaka shops, as wealthy kids snap up Rs 36,000 cell phones, as latte replaces chai and kapi for the nouveau riche and as watching ugly reality shows become de rigeur, the number of poor people in India […]

Canon Launches New 15MP DSLR

Canon has rolled out EOS 50D, the successor to the popular EOS 40D digital single lens reflex (DSLR) camera. The new EOS 50D offers 15.1 megapixel resolution and features Canon’s new DIGIC 4 image processor. Canon EOS 50D Other highlights of the EOS 50D include:

Anil Ambani To Invest $1b in Indian Movies

Anil Ambani’s Reliance Big Entertainment Pvt Ltd is looking at investing $1 billion in its Indian movies business over the next three years, according to the Wall Street Journal. Reliance Big Entertainment is involved in making movies, distribution and screening them. Reliance Big Entertainment president Rajesh Sawhney told the WSJ that the investments would flow […]

Bachna Ae Haseeno Plunges 61% at Box Office

Yash Raj Films’ latest crap-show Bachna Ae Haseeno fell sharply in its second weekend at the U.S. box office. For the August 22-24 weekend, the Ranbir Kapoor, Deepika Padukone, Minissha Lamba, Bipasha Basu piece of shit had to suffer the ignominy of its gross collections falling 61.2% to $125,081. Playing at 67 theatres, Bachna Ae Haseeno came in […]

WSJ Screws Suzlon

Indian windmill giant Suzlon Energy got buggered by the Wall Street Journal (subscription required) today. In a hard-hitting piece, the WSJ story said Suzlon is encountering headwinds in India after its well publicised problems in the international market: Suzlon Energy Ltd., the world’s fifth-largest wind- turbine maker by sales, is facing complaints in its home […]

Infosys to Acquire UK SAP Consultant Axon Group

Indian software powerhouse Infosys is acquiring UK SAP consulting firm Axon Group for $753.1 million. The deal is expected to close by November this year. The 2,000-man Axon Group, which provides SAP consultancy services to MNCs, has offices in the UK, North America, Malaysia and Australia. In 2007, Axon Group reported a net income of $37.4 million […]

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