Business-Feature articles

Warren Buffett diagnosed with prostate cancer

Washington: American billionaire investor Warren Buffett has been diagnosed with stage I prostate cancer, the CNN reported Wednesday. In a letter to shareholders of his firm Berkshire Hathaway, Buffett, 81, said Tuesday his “condition is not remotely life-threatening or even debilitating in any meaningful way”. He said additional tests did not reveal incidence of cancer

India luring fashion world with business sense: Pakistani designer

The Indian fashion industry, with its talent, craft, textile and business sense, is luring the international fashion world with a vengeance, says Pakistani designer Sahar Atif, who hopes for smooth trade relations between the two neighbours. “There’s no denying that the Indian fashion industry and designers have managed to impact the fashion world over. They

Apple to become world’s first $1 trillion company

London: Apple will become the world’s first trillion-dollar company when its shares top $1,000 each, Wall Street analysts have predicted. The technology giant’s shares were worth $633.38 last week as its stock price rose above Google’s for the first time, the Daily Mail reported Friday. Brian White, of Topeka Capital Markets, then claimed Apple’s sky-high

Narayana Murthy among Fortune’s 12 ‘greatest entrepreneurs’

Fortune magazine has listed Infosys co-founder N.R. Narayana Murthy among the 12 “greatest entrepreneurs of our time” with Apple’s late chief Steve Jobs, Microsoft founder Bill Gates and Facebook CEO Mark Zuckerberg. The list is topped by Jobs, whom Fortune calls “our generation’s quintessential entrepreneur. Visionary. Inspiring. Brilliant. Mercurial” while Gates is second for turning

“India aiming to be among top five aviation markets”

Hyderabad: Indian Civil Aviation Minister Ajit Singh Tuesday said his ministry was taking steps to make India one of the top five civil aviation markets in the world. Inaugurating a Maintenance Repair and Overhaul (MRO) facility at Rajiv Gandhi International Airport at Shamshabad near here, he said the ministry was not only taking steps to

Indian billionaires jostle for coal in Australia

Sydney: Driven by an insatiable demand for energy back home, a number of Indian billionaires are jostling to get their hands on Australian coal mines. G.V.K. Reddy-led and Gautam Adani-led conglomerates are now sparring over rights to build a $5.9 billion train track to carry coal out of the landlocked Galilee basin in Queensland state.

Australia’s economic outlook remains subdued: Survey

Sydney: Australian economic outlook improved slightly in December 2011, but the growth rate of future economic activity remains subdued, according to a survey released Wednesday by Westpac Banking Corporation and the Melbourne Institute. The annualized growth rate of the Westpac/Melbourne Institute Leading Index, which indicates the likely pace of economic activity three to nine months

More Kingfisher flights hit, government rules out bailout

New Delhi/Mumbai: Around 35 flights of Kingfisher Airlines were cancelled Monday, disrupting operations for third day in a row and the Indian government queered the runway ruling out a bailout for the cash-strapped carrier. The airline was also asked to explain the reasons behind flight cancellations. The airline is operating only 16 of its fleet