Prime Minister Narendra Modi recruited executives from the private sector to head two of the biggest state-owned banks, making it the first such appointments in a wide-range reform strategy to challenge the dominant but often inefficient lenders backed by the government.
Sectors
Puerto Rico responds to fiscal crisis with a regressive tax that could hurt country's bottom line, poor people
Puerto Rico is jacking up its sales tax in a bid to address its fiscal problems. This is considered a regressive move that could ultimately hurt the country's bottom line and its countless poor people.
Oracle banks on Twitter and to a more sociable business environment
Oracle added a new data service on Twitter called Oracle Social. It aims for businesses to analyze their brands using data from social media interactions.
New York Manufacturing Index shrinks to -14.92 level; its lowest since 2009
A steep plunge in both new orders and shipments sent manufacturing activity in New York state tumbling down to its lowest level since 2009. This was the revelation showed by a survey conducted by the New York Federal Reserve.
Financial Struggle: Fidel Castro shares his biggest regrets
Citigroup executive and author of "Banker to the World" Bill Rhodes revealed some of the biggest financial regrets of revolutionary and Cuban leader Fidel Castro.
Latest News
After just a year in the mobile game market, Elex's Clash of Kings announced to have reached 65 million downloads. The number of downloads includes on both Android and iOS platforms. The success was announced Monday in a company press release.
Forbes.com ex-CEO Jim Spanfeller, who is now the Chairman emeritus of the Internet Advertising Bureau, exposed the fraudulent strategies poisoning the digital ad ecosystem.
President Barack Obama had handpicked his own song playlist on Spotify, a first from the White House, while the President is having his vacation in Martha's Vineyard.
Though China's growth rate is slowing down, the world's second-largest economy can bounce back to regain the momentum and manage the risks involved, observes International Monetary Fund (IMF).
Samsung officially unveiled the Galaxy Note 5 at a press conference in New York. The launching followed five successive falls in the quarterly profits of Samsung Electronics.
Google is beefing up their Google for Work lineup once more with the introduction of another Chromebook variation, partnering this time with Dell.
Sesame Street is coming to HBO this fall. According to the announcement, HBO will air the next five seasons of the iconic children's show and can be streamed on HBO's partner stations and streaming outlets.
The last week witnessed a sudden jump in new applications for unemployment benefits while the four-week average showing a healthy situation in the job market as it touched a record low since 15 April 2000.
United Airlines announced an update to its mobile app that now includes an interactive airport map. The move is said to help passengers find amenities close by the airport area.
