In the interest of expanding production capacity, motorcycle producer Hero Honda plans to spend Rs 500 crore for its new Indian plant. The company currently operates two plants in northern India which can produce 2.4 lakh motorcycles a month. Hero Honda, which holds a 50 percent marketshare, also plans to export products to Sri Lanka, [...]
There’s no real doubt that Karisma Kapoor’s marriage to Sunjay Kapur is headed down the tubes, but the real question is why. Karisma’s friends say that Sunjay’s continuing friendship with ex-girlfriend Gunita Thukral may be the cause, but Thukral denies any involvement. Others say Karisma was tired of being a trophy wife. As a result, [...]
“Prince” Yaqub Habeebuddin Tucy, who claims to be a descendant of Mughal emperor Bahadur Shah Zafar, has claimed custodianship of the Taj Mahal. He joins the Archaeological Survey of India, the waqf board, and an Agra resident in claiming the Taj. Tucy claims he didn’t worry about the Taj before because it was ran by [...]
According to a report in the New York Times, IBM is planning to hire more than 14,000 new employees in India this year, while at the same time cutting a similar number of jobs in the U.S. and Europe. The company, which is already in the process of cutting 10,000-13,000 jobs in the U.S. and [...]
India’s Information & Broadcasting Ministry has cancelled the proposed ban of smoking in Indian TV and movies, stating that the ban is “neither feasible nor entirely desirable.” A senior I&B official said that banning smoking is impractical for technical reasons, and also threatens creative freedom. The I&B noted that it is very difficult to [...]
According to the results of Manpower’s Global Employment Outlook Survey, India has topped the list of expected additional recruitment for the upcoming quarter. 41% of employers surveyed said they were expecting to hire more people between July and August, while 7% said they would be reducing their workforce, still leaving India at an impressive 34% [...]
An enormous 40-lakh (4 million) square foot mall is set to be built in Gurgaon, which upon completion will be the largest mall in the world. The Mall of India knocks long-time champion Mall of America in Minneapolis out of first place, which covers 38 lakh square feet, and sends a 30 lakh square foot [...]
Dubai police have reported that the urine test results for Indian fashion designer Prasad Bidappa have come out positive, indicating that there was some chemical substance in Prasad when he was arrested for marijuana possession at the Dubai airport earlier this month. Authorities are still trying to figure out whether Bidappa’s marijuana was for personal [...]
Indian tennis sensation Sania Mirza lost her second round singles match to Russian Svetlana Kuznetsova at Wimbledon today, with a total of 35 winners to Kuznetsova’s 38. Sania managed to hold her own in the match, making the much-higher ranked Kuznetsova work for her win, but unfortunately couldn’t seal the deal. This comes after her [...]
IBM Corp announced yesterday that they will invest $150 million in India Semiconductor Manufacturing Company, giving the computer giant a 24 percent stake in the up-and-coming wafer fabricator. The company will set up shop in the southern city of Hyderabad, which is best known for software development, but actually already has one small fab owned [...]