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Walmart, which has been lobbying hard to raise the FDI cap in multi-brand retail, will now be allowed 100% investment in the sensitive sector after it came to light that the founders of Walmart have Indian ancestry. Mike Duke, the CEO of Wal-Mart has claimed in a latest press release that Sam Walton the “dude” who [...]

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The UPA2 government today delivered spectacularly on the economic front by achieving a phenomenal GDP growth rate of 30%. It did so by the simple expedient of incorporating the value of unpaid domestic labour of the nation’s 60 crore women into the computation of India’s GDP. A chuffed up Prime Minister addressed the nation early this [...]

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The world’s most popular cartoon television channel, Cartoon Network, has announced its decision to go off Indian television, following the arrest of Indian cartoonist and IAC activist, Aseem Trivedi on grounds of sedition. Justifying the decision on business grounds, Ted Turner, founder of the Turner Broadcasting System which runs Cartoon Network, explained, “Well, first of all, [...]

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Days after winning the lawsuit against Samsung over patent infringement issues, consumer electronics giant Apple Inc. has now filed a fresh lawsuit against American apple growers for “growing a spherical fruit resembling the company’s logo, and marketing it under the company’s trademarked name ‘Apple’”. “American farmers have wilfully copied the design of Apple’s logo in [...]

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Colgate-Palmolive, one of world’s leading FMCG companies, has roped in Prime Minister Dr. Manmohan as the brand ambassador for its flagship product, Colgate toothpaste. The Prime Minister will feature in a series of advertisements showcasing the efficacy of the toothpaste in keeping out germs and dirt. Dr. Singh, renowned for maintaining a squeaky clean image [...]

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India’s quest for a gold medal finally ended in triumph after Ramesh Rangarajan, a Bengaluru based software engineer working for Infosys, set a world record of 9.62 seconds to take the top spot in the Google Doodle Hurdles, an Olympic discipline created exclusively for nerds and geeks in partnership with Google. Another Indian, Srinivas Cheruvulu, from TCS [...]

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It is official – the world’s biggest social networking site, Facebook.com will soon be called Fakebook.com. After disclosing that 83 million accounts, roughly 9% of Facebook’s base of 955 million active users are fake, CEO Mark Zuckerberg has fired another salvo, revealing that nearly 420 million people among the remaining 872 million genuine users are, [...]

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The Unreal Times business correspondent, Ebenezer Businesswallah, caught up with IT czar turned technocrat, Nandan Nilekani, at his Bangalore residence over the weekend and chatted with him on a range of issues including the challenges and headaches of working in the government, the financial troubles of his company, Infosys, and his transition from the corporate [...]

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If you think Kingfisher stock will soon be not worth the paper it is printed on – its price crashed to a life-time low of 9.62 rupees a few days back – then you may be mistaken. The stock is coming in handy across kiranas all over India to settle petty transactions and compensate for [...]

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Slamming Prime Minister Manmohan Singh seems to have become a fad these days. After TIME magazine and a UK-based newspaper carried disparaging reports about the Prime Minister, Google Inc is the latest to join the bandwagon. The tech giant has now come out with a “Poodle Doodle”, featuring the duo of Dr. Manmohan Singh and [...]

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