FINANCE

Why Blacks Hit Hardest by Government Job Cuts?

The public sector has long recruited Blacks as part of the government policy of positive discrimination and whenever there are cuts in government jobs, the impact was more on Blacks than other ethnic communities. The so-called Great Recession of 2008 wiped out many of those jobs, as tax revenues declined and anti-government sentiment added to a contraction that continued long ...

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Maruti Suzuki Hikes Prices by up to Rs 9,000, Except S-Cross

India’s largest car maker, Maruti Suzuki, on Friday has hiked prices of all its product by Rs 9,000, except the newly launched crossover S-Cross. The average hike in the ex-showroom prices, with effect from August 11, across models ranges from Rs 3,000 to Rs 9,000, a Maruti Suzuki India (MSI) spokesperson said. The price revision is on account of changes ...

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Why OROP Issue Was a Pre-poll Miscalculation by Modi?

The One Rank One Pension (OROP) scheme that was hanging on the Finance Ministry for over five years, both the Congress-led UPA government and the BJP-led NDA government under Narendra Modi should own the responsibility for perpetuating it despite full knowledge that it was beyond mere political calculations involving a huge dent on the exchequer. While the Congress relented just ...

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Maruti Launches Alto 800 ‘Onam’ Limited Edition

India’s top auto major Maruti Suzuki announced an ‘Onam’ limited edition Alto 800 model with 15 additional features in Kochi on Monday. On the auspicious occasion of the first day of Malayalam month ‘Chingam’, Maruti Suzuki rolled out over 3,000 cars in various segments of which 1,000 were of Alto 800 variant, an official statement said. The Onam Limited Edition ...

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GoDaddy, Kiva Join Hands to Promote Low Income Entrepreneurs

Web Hosting giant GoDaddy and San Francisco-based Kiva.org have joined hands to promote funding of low-income entrepreneurs. Godaddy plans to give each of its employees $25 to invest in the Kiva small business of his or her choice under a campaign called “Get the Picture”. Tyler Butler, GoDaddy Director of Community Outreach, says: “GoDaddy’s mission is to radically shift the global economy towards ...

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Launching From CarDekho.com to TrucksDekho.com

CarDekho.com, an Auto portal, has launched its commercial vehicle platform TrucksDekho.com, by showcasing all the latest truck information and allows to choose best options around buying and owning a truck and other commercial vehicles. At launch TrucksDekho.com provides comprehensive information about 13 leading trucks and commercial vehicle brands, including specs and features, comparisons and reviews of more than 800 vehicles. ...

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Alphabet Inc : Why Google is Opting for a New Entity?

While the appointment of India-born Sundar Pichai is not new as he was promised elevation when he was approached by Microsoft last year before zeroing in on Satya Nadella. Ever since, the offer in the pipeline was over what kind of a company to go for a highly bloated mega entity like Google Inc and Larry Page has called the ...

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Govt Extends Insurance Enrollment under Suraksha Bandhan

Following a positive response to affordable insurance schemes — the Pradhan Mantri Suraksha Bima Yojana (PMSBY) for accident and disability cover of up to Rs.2 Lakh at an annual premium of Rs.12 and the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) for a term life cover of Rs.2 Lakh at an annual premium of Rs.330, since launch on 9th May ...

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Foxconn to Invest $5 Billion in India, to Match China Factories in Production

Riding on high turnout in China, thanks to iPhone boom for over a decade, Foxconn is now eyeing Indian manufacturing base to be set up at about $5 billion (Rs.6,300 crore), including a research and development facility in Maharashtra. Subash Desai, Maharashtra’s industries minister, said the largest electronics centre in India would provide jobs to about 50,000 employees and an ...

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Bitcoin Solutions Provider HashingSpace Secures Business Incentives Advisory Services from Duff & Phelps

Bitcoin solutions provider US based HashingSpace Corporation(a Bitcoin ASIC mining and hosting company) (OTCQB: HSHS) today announced that the company has reached an agreement with Duff and Phelps, a global and corporate finance advisor to secure their expertise in business incentives advisory services. HashingSpace builds key infrastructure for the global adoption of Bitcoin and Blockchain services with hosted ASIC mining. ...

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Domestic Airlines to Hike Number of Flights by October

Domestic flyers will now have more choices by this October as airliners are planning to operate 14,000 weekly flights. Earlier, there were around 12,300 domestic flights a week. This new increase in number of flights amounts to be around 13.5 per cent comparing to last winter. Meanwhile, sources from DGCA has said that two new airports will be operating during ...

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Bitcoin Funded Debit Cards Announced by Licensed Bitcoin Exchange Bit-x

Licensed UK based cryptocurrency trading platform Bit-x.com offers a range of services including Bitcoin, Litecoin, and GH/s trading and Bitcoin cloud mining. Bit-x are now proud to present the future of Bitcoin debit cards issued and processed by Bit-x’s exclusive bank partner. Bit-x Card’s can be used anywhere debit cards are accepted. Users can withdraw money from ATMs worldwide, direct ...

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HashingSpace Secures Legal Services from Leading Authority on Bitcoin and Digital Currency

HashingSpace Corporation (OTCQB: HSHS), a Bitcoin ASIC mining and hosting company, announced today that the company has reached an agreement with Pillsbury Winthrop Shaw Pittman LLP and Marco Santori to offer legal services to HashingSpace Corporation. The legal implications of the Bitcoin and Blockchain revolution are extremely complicated. The legal factors and regulations involved in running a company like HashingSpace ...

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Bitcoin Focused HashingSpace Retains Services of Ross & Baruzzini

HashingSpace Corporation (OTCQB: HSHS), a Bitcoin ASIC mining and hosting company, announced today that the company has reached an agreement for the services of Ross & Baruzzini to design HashingSpace’s state of the art, Fortress One Data Center. For more than 60 years, Ross & Baruzzini has tackled challenging and ambitious advanced engineering and architecture projects across the globe. Energy-efficient ...

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Russian Billionaire Milner in Bangalore to Raise Funds for ‘Finding Aliens’ Project

Russian billionaire Yuri Milner who has launched a global search mission for aliens in collaboration with London-based physicist Stephen Hawking sought to raise funds for the program from Indians, especially from tech capital Bangalore on Thursday. Speaking at an event hosted by him, Milner, who is himself a physicist, said making public all data related to alien research far cry ...

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Bitcoin Acceptance Triggers Digital Wallets and Mobile Payments

Mobile payments and digital currencies have vast potential to improve consumer spending as a wide range of technology and digital products are introduced into the market. With new & improved technology and products introduced to consumers recently NXT-ID, Inc. (NASDAQ: NXTD), Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG), PayPal Holdings Inc. (NASDAQ: PYPL), Visa Inc. (NYSE: V) and American ...

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Income Tax ITR Forms for 3,4,5 &6 Released; Last Date August 30, 2015

The much-awaited income tax return forms for firms, companies,  businesses and HUFs have been released finally by the CBDT, ending two-month long anxiety over the delay and the last date to file ITR returns for fiscal ending March 2015 is now on August 30, 2015. Click HERE to Download forms from the official Income Tax Department website. department has notified ...

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Why Sports Stadiums Do Not Spur Economic Growth?

Not surprising but many economists have in the past traced the root-cause of the current Greek crisis to its hosting the historic Olympics in 2004. Greece went beyond its means to host the massive event putting up new infrastructure in place with stadiums to hold 301 events. But never did the country recovered from the economic loss it suffered as ...

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