articles by Firstbiz

Business

IT services firm SenecaGlobal plans to invest $5 million to expand India, US ops

The 40,000 square feet facility will support the first phase of SenecaGlobal’s expansion in the city of Hyderabad, Telangana.

India

Not just Flipkart: From Myntra to Snapdeal, Bansals rule Indian e-commerce

All of India's biggest indigenous etailers - Flipkart, Myntra, Snapdeal and Lenskart - are headed by young men of the Bansal community and together control about 85% of India's ecommerce space.

Sports

By the numbers: How Germany outran and outclassed everyone at World Cup 2014

Statistics show that when it came to the number of goals scored, goals per match, shots on target, distance covered by the players, and the passes completed in every match, Germany was the best.

India

Govt to extend excise duty concessions on cars, capital goods, says Jaitley

Finance Minister Arun Jaitley announced today announced that the government has decided to extend excise duty concessions for automobiles, consumer and capital goods by six months to 31 December.

India

If monsoon doesn't arrive Modi must have a drought focused budget

Various newspaper reports have today warned that India may be facing one of the worst droughts in recent years as the monsoon has been 37 percent below normal until now from 1 June.

India

The middleman problem: Why onions will bring tears to Modi’s eyes

Narendra Modi's top priority during the election rallies was not creating jobs or manufacturing, it was to bring down inflation.

India

Infosys names Vishal Sikka as new CEO, Murthy to step down

After months of searching for a new CEO, Infosys chairman NR Narayana Murthy today took to Twitter to welcome Vishal Sikka as the IT firm's CEO and MD and also announced that he would be voluntarily stepping down from his post with effect from 14 June.

Politics

'Aam aadmi' Modi not richer than 'crorepati' Kejriwal

Aam Aadmi Party leader Arvind Kejriwal  on Wednesday declared movable and immovable assets worth Rs 2.14 crore belonging to him and his wife, while BJP's prime ministerial candidate Narendra Modi has assets worth only Rs 1.5 crore.

Politics

LS elections: Dream girl Hema Malini among richest candidates in 6th phase

Hema Malini, who is contesting from the Mathura constituency in Uttar Pradesh, has declared assets worth over Rs 178 crore, according to the Association of Democratic Reforms (ADR)

Politics

Elections 2014: For now, Cong leads the list of crorepati candidates

According to the Association for Democratic Reforms (ADR), the average assets per candidate contesting from phase 1 to 5 of the Lok Sabha elections is Rs 5.83 crore.

India

Decoder: Infosys Q4 results explained in four charts

Infosys, India's second largest software services exporter, beat the street by reporting fourth quarter (January-March) net profit at Rs 2,992 crore, up 4 percent compared to previous quarter in FY14. Analysts had expected bottomline at Rs 2,835 crore for the quarter.

India

Decoder: What Sun Pharma's $4 bn buyout of Ranbaxy is all about

The combination of the two will create the fifth-largest generic pharma company in the world and the largest pharmaceutical company in India and leave Daiichi Sankyo with a significant stake in the combined entity.

India

No surprise from Rajan this time: RBI keeps key rates unchanged

The Reserve Bank of India kept its key policy interest rate unchanged at 8 percent on Tuesday but cautioned that risks to inflation remain on the upside.

Election

India vs rest of the world: How much does it take to win an election?

Political party funding during elections is one of the most contentious topics around, and the best most countries can come up with are reasonably educated guesses

Biztech

LIC Enters Into Tie-Up With Policybazaar.com For 'Jeevan Astha'

LIC's tie-up with an insurance portal will enable consumers to get detailed information on the policy 'Jeevan Astha' and buy it online at Policybazaar.com.