Nothing causes as much anxiety in a family as when someone falls sick. Nearly 65% of India’s poor get into debt and 1% fall below the poverty line each year because of illness, according to National Sample Survey Organisation (NSSO) 2004. The answer, of course, is health insurance, but only 6% of India’s workers have it.
Read the article: Finally, a lifeline for India’s poor
How Apple, Airtel and Vodafone are ripping off Indian iPhone users.
Read the article: How Apple, Airtel and Vodafone are ripping off Indian iPhone users
Mr. Ratan Tata has said in his press conference that, “Two years ago, I said if somebody puts a gun to my head, you would either have to remove the gun or pull the trigger. I would not move my head. I think Ms Banerjee pulled the trigger.”
Read the article: An elegy for Singur
“…a familiar line spouted by Americans these days is, ‘Why should the US curb energy consumption, when India and China are guzzling petrol and polluting the whole globe?’…”
VCs are collectively pumping about $7b per quarter on average in the US, with an average deal size of $7.5m, so approx 1000 new/renewed investments per quarter! The hot industries are usual suspects: software, energy and bio-tech.
“Indian inflation has risen to a new 13-year high, hitting shares and weakening the rupee. The wholesale price index rose to 11% in the 12 months to 7 June, up from the previous week’s 8.75%. The inflation rate is now at its highest since 1995.” – BBC
Alltop.com is a refined collection of some of the best blogs on the web categorised under different sections like life, gossip, startups, programming, travel, India, China, etc. (82 categories at the time of writing).
If it adds any credibility, one of person behind Alltop is Guy Kawasaki, that was a good enough reason for me to look at it.
NBC universal paid $150 million (Rs 640 crore approx.) for an indirect stake of 26% in the Indian media giant New Delhi Television (NDTV).
India’s NDTV says NBC Universal buys shares in subsidiary for $150 mln
“To zero in on the most happening young ventures, Business Today spoke to venture capitalists, executives, and industry watchers. From a long list of names, we finally picked 10 that stood out for the uniqueness of their businesses or rapid growth. Finally, we also bring you an update on our last year’s list of hottest start-ups.” – BusinessToday (via Hacker News)