Author: Biz India

Washington confirms Chinese hack attack on White House computer

Washington confirms Chinese hack attack on White House computer

Posted by | Oct 1, 2012 | , ,

By Jana Winter and Jeremy A. Kaplan – Fox News Washington, October 01, 2012 – White House sources partly confirmed an alarming report thatU.S. government computers — reportedly including systems used by the military for nuclear commands — were breached by Chinese hackers. “This was a spear phishing attack against an unclassified network,” a White House official told FoxNews.com. “These types of attacks are not infrequent and we have mitigation measures in place.” A law enforcement official who works with members of the White House Military Office confirmed the Chinese attack to FoxNews.com on Monday, but it remains unclear what...

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Book Review: American Literature’s Aesthetic Dimensions

Book Review: American Literature’s Aesthetic Dimensions

Posted by | Oct 1, 2012 |

Editors: Cindy Weinstein and Christopher Looby Publisher: Columbia University Press Book Review by: Paiso Jamakar Literature is said to be aesthetic or have aesthetic qualities when it has “beauty” and “taste” and provides pleasure to the reader. Narrative forms of writing such as short stories and novels for example are pleasurable to read when the writer uses such desirable values as irony, metaphors, and poetic language, among others. Literature has beauty when there is a good plot, ample suspense and some symbolism, and when it is wrapped neatly together around a good theme. All these elements in writing constitute...

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Microsoft proposes whopping $10,000 fee for H-1B visas: Indian IT firms to get hit hard

Microsoft proposes whopping $10,000 fee for H-1B visas: Indian IT firms to get hit hard

Posted by | Oct 1, 2012 | , , ,

By Times of India Washington, Oct 01, 2012 – In a proposal that will hit Indian information technologies companies the most, US software giant Microsoft Corporation has suggested a whopping fee of $10,000 (over Rs 5 lakh) for a new category of H-1B visas and $15,000 (more than Rs 7.5 lakh) for permanent residency or Green Card. This could raise a huge $5 billion over a decade, it said. Both the new categories of H-1B and Green Cards, according to the Microsoft plan, would have an annual capacity of 20,000 and would be restricted to STEM (science, technology, engineering...

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India rated 5th best in world for growing businesses in Grant Thornton survey

India rated 5th best in world for growing businesses in Grant Thornton survey

Posted by | Sep 29, 2012 |

By Anuradha Himatsingka – Economic Times Kolkata, Sept 29, 2012 –  The Grant Thornton Global Dynamism Index indicates that India is the fifth best country in the world for dynamic growing businesses. Argentina, China., Uruguay and Chile were ranked first to fourth, respectively. India ranks ahead of Indonesia, Nigeria, Turkey, Singapore, Colombia, Russia. “The ratings go well beyond basic gross domestic product (GDP data,” said Vishesh Chandiok, national managing partner, Grant Thornton India LLP. “Five areas were identified as holding the key drivers to an economy’s dynamism – business operating environment, science and technology, labor and human capital, economics...

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Foreigners Seen Buying More Indian Stocks

Foreigners Seen Buying More Indian Stocks

Posted by | Sep 29, 2012 |

$13.4 Billion-Worth Bought So Far This Year By Rajhkumar K Shaaw and Santanu Chakraborty – Bloomberg News Offshore investors will buy more Indian equities after the nation opened its retail and aviation industries to foreigners, accelerating the highest fund inflows in Asia this year, Bajaj Allianz Life Insurance Co. said. Prime Minister Manmohan Singh approved on Sept. 14 plans to allow overseas retailers such as Wal-Mart Stores Inc. (WMT) to own 51 percent of supermarket chains, and lifted a restriction on airlines selling stakes to foreign carriers. The benchmark BSE India Sensitive Index (SENSEX), or Sensex, rose 0.4 percent...

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