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Five Indian-Americans in Forbes list of richest in US

03 October 14

Five Indian-Americans have been named among the 400 richest people in the US by Forbes, a list topped by Microsoft co-founder Bill Gates for the 21st year in a row with a net worth of USD 81 billion. Founder of outsourcing firm Syntel Bharat Desai, entrepreneur John Kapoor, Symphony Technology founder Romesh Wadhwani, Silicon Valley angel investor Kavitark Ram Shriram and venture capitalist Vinod Khosla are among ... Read More

Indians join wave of investors in condos and homes in the US

03 October 14

Arun Kumar owns three apartments in New Delhi, where he has carved out a comfortable life as part of India’s rapidly expanding middle class. Not long ago, he also became a global landlord, picking up an inexpensive three-bedroom house and a duplex nearly 8,000 miles away, in St Louis.  Read More

Ten Key Mantras for Mutual Fund Investors

19 September 14

Mutual fund investing is for everyone. Asset Management Companies (AMCs) offer multiple schemes with varying combinations of risk-return, investment horizon, exposure, asset classes and tax-treatment. The trick is to choose wisely. Whether you are new to investing through mutual funds or a seasoned investor, following these ten key mantras will ensure that you make the most of your investments. Read More

Accused gave fake papers to get bail in QNet case

19 September 14

MUMBAI: Some of the accused in the Rs 425crore QNet cheating case submitted fake documents to court to get anticipatory bail, special public prosecutor Pradip Gharat told the court on Thursday. Later, a police officer filed an affidavit that his statement and signatures were bogus and he was not involved in the probe initially. This may affect the bail process of the accused, including Michael Ferreira, former world billiards ... Read More

Ikea to invest Rs 12,500 crore in India, eyes 25 stores in 10 yrs

18 September 14

World's largest furniture retailer Ikea said on Wednesday plans to invest Rs 12,500 crore to set up 25 stores in the country over the next decade. The new stores, each needing investment of around Rs 500 crore, will come in the cities such as Mumbai, Delhi, Hyderabad and Bangalore, the Swedish furniture retailer said. Ikea India has already receive ... Read More

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