Struggling with its Internet misadventures in the face of the relentless Google onslaught, a desperate Microsoft is investing $240 million in social networking web site Facebook Inc. Google, which was also keen on a deal with Facebook, has a social networking web site Orkut that’s popular in India and Brazil but has yet to catch on in the […]
Is the appeal of Yash Raj Films movies fading with the Indian diaspora in the United States? We think so judging by the quality of Yash Raj’s last few movies and their relatively weak box office response in the U.S. One of India’s largest movie makers and distributors, Yash Raj has seen some of its […]
As the American middle and lower classes continue their inexorable downward spiral into destitution and bankruptcy, Americans have caught the gambling bug big time. In the latest American gambling news, MGM Mirage is investing $5 billion in a new mega casino project in Atlantic City, which already has 11 casinos. MGM Mirage’s proposed multi-billion dollar […]
India’s software services darling Infosys Technologies reported its first billion-dollar revenues quarter. Infosys announced solid results Thursday for its fiscal second quarter with net profits growing 18.4% while revenues rose 19%. For the quarter ended September 30, 2007, Infosys’ net profit came in at Rs 1,100 crore on revenues of Rs 4,106 crore ($1.02 billion). North America […]
In an unusual business quirk, home loans to illegal immigrants have been found to be solid even as subprime mortgages to legal U.S. residents are shaking the financial markets globally. Also known as ITIN mortgages because they are made to those with a Individual Taxpayer Identification Number, most of these mortgages are taken out by […]
Beverly Hills cosmetic surgeons – you know the kind who tinker around with nature’s creations to make them more bountiful and beautiful – are up in arms against their city ‘s move to collect higher taxes from them. Apparently, the Beverly Hills city authorities are coming down heavily on surgery centers after finding that the […]