Business Today


People and events that made news recently
Print Edition: March 1, 2015

Arvind Subramanian, Chief Economic Advisor
Stats spare no one

"I am puzzled by the new GDP numbers"

Said Arvind Subramanian, Chief Economic Advisor, in an interview to Business Standard.

$1.37 billion

The amount Standard & Poor's, the rating agency accused of inflating its assessment of mortgage investments that spurred the 2008 financial crisis, will pay to settle with prosecutors, as reported by The New York Times.

He said, He said

Micromax sold more smartphones than anyone else in India in the last quarter of 2014, says the research firm Canalys. Samsung says it remains the largest, and offers data from GfK, another research house, as evidence.

Bill Gates
Not the Best Forecast

"He knows he can't win"

Said Bill Gates of Steve Jobs, as reported by The New York Times. The year was 1999. Microsoft had a market cap of $620 billion, Apple faced bankruptcy. In 2015, Apple's market cap is twice Microsoft's.

Droning ahead

Alibaba's latest triumph: it is making its first trial drone deliveries in China, reports Bloomberg, while Amazon is stalled by the United States' moves to restrict commercial drones. Alibaba's drones will deliver ginger tea packets to 450 customers and distribute 50 parcels from Alibaba's Taobao Marketplace.

Go Set a Watchman

That's the title of the forthcoming novel by 88-year-old Harper Lee. It will only be her second. The first was To Kill a Mockingbird, which has sold more than 40 million copies. The 'new' novel was written in the 1950s and thought to be lost.

(Illustrations by Ajay Thakuri)

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