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<ul><li>Porinju Veliyath of Equity Intelligence wrote a letter to his investors on Thursday explaining the poor performance of the portfolio.</li><li>There has been no respite from the sell-off in mid and small-cap stocks in India for over 18 months, he said.</li><li>Some of the budget provisions did not acknowledge the cardinal principals of a free-market economy, according to Veliyath.</li><li>Veliyath had earlier written a similar letter to his investors in January 2019 when the portfolio had lost nearly half its value in the preceding nine months.</li></ul>A star equity investor in India with over ₹1,000 crore worth of assets under management has been forced to write yet another letter to his investors explaining the poor performance of his portfolio. Porinju Veliyath of Equity Intelligence's latest letter rued the seemingly endless sell-off in mid and small-cap stocks in India for over 18 months. Making matters worse for Veliyath, who has over a million followers on Twitter, are the provisions of the latest budget presented by the newly appointed Finance Minister <keyword id="129243" type="PERSON" weightage="20" keywordseo="Nirmala-Sitharaman">Nirmala Sitharaman</keyword>. 
 <div type="image" title="Porinju Veliyath, Equity Intelligence" height="600" width="800" msid="70278540" hostid="261" caption="&amp;lt;p&amp;gt;Porinju Veliyath of Equtiy Intelligence&amp;#39;s latest letter rued the seemingly endless sell-off in mid and small-cap stocks in India for over 18 months.&amp;lt;br /&amp;gt;&amp;lt;/p&amp;gt;"></div>



 "Some of the budget provisions did not acknowledge the cardinal principals of a free-market economy," Veliyath said in his letter on Thursday (July 18) adding that the the positives of the continuity in government has been lost with the market unfriendly provisions in Budget, at least for the near term. 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 Though the blue-chip stocks have held up largely, nearly 90% of all listed stocks in India have lost anywhere between a third to as much as 90% of their value in recent months, Veliyath wrote in despair. Some of the stocks that Veliyath is known to have invested in have lost as much as 85% in the last six months, since his last letter to the investors. <table style="width: 188pt;"> </colgroup></colgroup> <tbody><tr> <td class="xl65" style="height:15.0pt;width:78pt">Stock</td> <td class="xl66" style="border-left-width: initial; border-left-style: none; width: 110pt;">Last 6 months</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">LEEL</td> <td class="xl68" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-85.42%</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Duroply</td> <td class="xl68" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-38.85%</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Ansal Buildwell</td> <td class="xl68" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-50.71%</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Eastern Treads</td> <td class="xl68" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-35.32%</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Raunaq EPC Intl</td> <td class="xl68" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-61.66%</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Kerala Ayurveda</td> <td class="xl68" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-19.23%</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Palash Sec</td> <td class="xl68" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-6.98%</td> </tr> <tr> <td class="xl69" style="height: 15.75pt; border-top-width: initial; border-top-style: none;">Shalimar Paints</td> <td class="xl70" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">3.47%</td> </tr></tbody></table> <a href="https://www.businessinsider.in/markets/full-text-of-porinju-veliyaths-latest-letter-to-his-investors/articleshow/70278145.cms" data-type="tilCustomLink" target="_blank">Read: Full text of Porinju Veliyath's latest letter to his investors</a> Veliyath, in his last letter in January, said that the portfolio had lost 44% of the investors' money in the preceding nine months mostly because of one stock, LEEL Electricals Ltd (formerly Lloyd Electric &amp; Engineering). In a private letter on January 11, accessed by news agency IANS, Veliyath's firm Equity Intelligence apologised for the 'flawed investment' that eroded millions in value, adding that there may be no benefit in selling it now. Seven months later he continues to hold some of his loss-making bets. "Many of you would be wondering why we are holding on few underperformers in the portfolio. After a significant draw-down, to sell any under-performing company and shift to alternate opportunities, we need to take a call on many aspects," Veliyath wrote on July 18. SEE ALSO: <a href="https://www.businessinsider.in/warren-buffets-advice-for-investment-manager-porinju-veliyath-who-lost-millions-by-not-cutting-losses/articleshow/67522607.cms" data-type="tilCustomLink" target="_blank">A star money manager in India made a rookie mistake that cost millions</a>

A star money manager in India with over a million followers is blaming the budget for perpetuating the bear market in Indian stocks

Watching the Sensex can be misleading-- India's mid and small cap stocks have lost ₹2.4 trillion of investor wealth this year alone

<keyword id="105382" type="COMPANY" weightage="100" keywordseo="Ambuja-Cements">Ambuja Cements</keyword> has received Rs 20 crore from <keyword id="6356830" type="CITY" weightage="100" keywordseo="Nestle-India">Nestle India</keyword> to burn packets of Maggi noodles. 
 
The two-minute noodles were found harmful after excess lead and MSG was found in the packets. Nestle India has withdrawn all Maggi packets from the market. 
 
A Nestle India spokesperson told news agency PTI that Gujarat Ambuja Cements was helping them to destroy the Maggi noodles being withdrawn by us from the market. 
 
“In addition to the value of stocks being destroyed there will be additional costs to take into account, for example bringing back stock from the market, transporting the stock to the destruction points and destruction cost etc,” the spokesperson told the news agency. 
 
Nestle India recently had informed that Maggi noodles worth Rs 320 crore will be destroyed as it was banned by FSSAI. 
 
(Image: Indiatimes)

Nestle is paying Ambuja Cements Rs 20cr to destroy thousands of Maggi packs

Can the fall in <keyword id="168191" type="UNKNOWN" weightage="40" keywordseo="Chinese-Market">Chinese market</keyword> be a good news for our Dalal Street? Not really it seems. According to market experts, a fair comparison cannot be done as not much data is available. 

	As per an ET report, the Chinese market recorded its steepest weekly fall since 2008 on Friday. The index plunged over 13% in the last five trading sessions. Interestingly, the Indian equity markets rallied over 3% per cent in the same period. 
 A fall in China is not necessarily good news for India, , in an interview with ET Now. “Again the correlation seems a bit far-fetched. Investors are going into India because it is a long-term growth story, and to China because of the momentum trade,” said <keyword id="85232" type="PERSON" weightage="80" keywordseo="Hans-Goetti">Hans Goetti</keyword>, BIL in an interview with ET Now. He explained, “I think margin debt will have to come down meaningfully in China and we have to see how it plays out.” It should be noted that the Shanghai Composite Index ended the day 6.42% or 306.99 points, lower to 4,478.36 on Friday. The <keyword id="35140" type="CITY" weightage="100" keywordseo="BSE">BSE</keyword> <keyword id="6484188" type="CITY" weightage="100" keywordseo="Sensex">Sensex</keyword> closed 200.34 points higher at 27,316.17. It rose over 3% for the week ended June 19. Analysts believe that it would be unfair to compare the two market simply because the equity markets of both the countries are totally different in terms of the structure of the <keyword id="34412" type="ORGANIZATION" weightage="40" keywordseo="economy">economy</keyword>, role of the government and relative importance of various sectors. On the other hand, India is more of a long-term growth story. 

	According to a Reuters report, the correction in Chinese markets was triggered by regulators' fresh moves to tighten margin financing.

Read on to know if the fall in Chinese market is good for India?

Sanjay Gupta, <keyword id="2853478" type="POSITION" weightage="20" keywordseo="Sr-General-Manager">Sr. General Manager</keyword> and Group <keyword id="6411847" type="POSITION" weightage="20" keywordseo="head">Head</keyword>, Marketing, <keyword id="596" type="CITY" weightage="20" keywordseo="Hyundai">Hyundai</keyword> Motor India Ltd, has moved on from the company. Multiple sources close to the development has confirmed the news to Ad Age India. 
 Gupta has now joined a Gurgaon-based <keyword id="6354553" type="COMPANY" weightage="20" keywordseo="real-estate">real estate</keyword> firm <keyword id="626993" type="COMPANY" weightage="20" keywordseo="M3M-India">M3M India</keyword> as the <keyword id="113363" type="POSITION" weightage="20" keywordseo="Chief-Marketing-Officer">Chief Marketing Officer</keyword>. He had joined Hyundai in April 2014. Prior to this, he was associated with <keyword id="106888" type="CITY" weightage="20" keywordseo="Toyota-Kirloskar-Motors">Toyota Kirloskar Motors</keyword> as GM, Marketing from 2008 to 2014. 
 Gupta has been in the auto industry for more than two decades and served various marketing roles. Prior to Toyota Kirloskar, he was associated with <keyword id="1774706" type="COMPANY" weightage="20" keywordseo="Honda-Motorcycle-Scooter-India-Pvt-Ltd">Honda Motorcycle &amp; Scooter India Pvt Ltd</keyword>, <keyword id="2853477" type="UNKNOWN" weightage="20" keywordseo="Shriram-Automotive-Products-Ltd">Shriram Automotive Products Ltd</keyword>, <keyword id="2853476" type="UNKNOWN" weightage="20" keywordseo="GE-Motors-India-Ltd">GE Motors India Ltd</keyword>, to name a few.

Hyundai India’s Group Marketing Head Sanjay Gupta Quits

MUMBAI: Media mogul <keyword id="57162" type="PERSON" weightage="20" keywordseo="Rupert-Murdoch">Rupert Murdoch</keyword>'s News Corp has charted a fresh investment plan to tap into India's fast-growing consumer internet story more than a decade after he took bets on domestic digital properties like Indya.com and Baazee. The media giant is rebooting tactical <keyword id="6362476" type="ORGANIZATION" weightage="20" keywordseo="investments">investments</keyword> as part of a strategy to aggressively expand the group's digital play in markets like India, sources aware of the development said. Murdoch's comeback coincides with euphoric investor sentiment around India's recent billion-dollar internet and digital startups. 
 
News Corp's senior vice-president for strategy Raju Narisetti is leading the media giant's investment interests in India, a source cited earlier who did not want to be named said. The New York-based media giant, which split its publishing and broadcasting units last year, has been making "targeted investments" into digital assets in south-east Asian markets recently. 
 "Because it is widely known that News Corp has no debt and started its new journey with $2-billion plus in cash, I am constantly and relentlessly pitched by investment bankers on potential deals. If it makes strategic sense, I tend to take a closer look and from that point of view, most of Asia, including India, will always be on the radar," News Corp's Narisetti said in an email to TOI. Its recent regional investments included a stake purchase in employment listings portal Seek Asia. The company, through REA, an online real estate services provider in <keyword id="6355478" type="COUNTRY" weightage="20" keywordseo="Australia">Australia</keyword>, has forged partnerships in China and Hong Kong, besides buying a $100-million stake in iProperty.com, which has a network of sites across Asia, including in India. 
 
 
 Globally, News Corp bolstered its digital strategy with acquisitions like Storyful, a social media news agency, and Harlequin, which will give HarperCollins a jumpstart on its international digital expansion. These investments, explained News Corp's CEO <keyword id="1472351" type="PERSON" weightage="20" keywordseo="Robert-Thomson">Robert Thomson</keyword> last week in an internal note, are part of the group's push "to grow digitally and globally", making technology a canvas for content. 
 In the first wave of the dot-com boom, Murdoch, after whirlwind visits to Bangalore, had actively invested in first-generation internet startups in India. His big buy came when News Corp paid $50 million to buy Pradeep Kar-promoted portal Indya followed by an investment of $11 million in auction site Baazee, started by two <keyword id="70846" type="ORGANIZATION" weightage="20" keywordseo="Harvard-Business-School">Harvard Business School</keyword> graduates which was sold off to <keyword id="6357395" type="CITY" weightage="20" keywordseo="eBay">eBay</keyword> in 2004. 
 Global strategics and private equity investors like Carlyle and TPG, which shied away from the latest Indian internet <keyword id="34412" type="ORGANIZATION" weightage="20" keywordseo="economy">economy</keyword>, are now looking to cut big cheques in this burgeoning space. PE giant Carlyle Group, for instance, may deploy around $100-200 million investments into emerging digital companies.

Rupert Murdoch Reboots Internet Play In India

<ul><li>Google and Facebook won’t be forced to pay for news in India, <keyword id="3602182" type="General" weightage="20" keywordseo="meity" source="Orion">MeitY</keyword> confirmed.</li><li>A minister was replying to a question in the Parliament on the Australian law that forces Google and Facebook to pay for news. </li><li>The Indian minister said there’s no such law planned for now.</li></ul>The Indian government doesn’t have any plans yet of making big tech companies like Google and Facebook pay publishers for news. This question was raised at the ongoing <keyword id="61449" type="General" weightage="20" keywordseo="winter-session" source="Orion">winter session</keyword> in the Lok Sabha to which the Ministry of Electronics and Information Technology (MeitY) answered and confirmed that there are no plans for such a law right now. The question was asked by Shashi Tharoor, a member of parliament, referring to the <a href="https://www.businessinsider.in/tech/news/google-signs-multimillion-dollar-deal-with-major-australian-publisher-as-it-tries-to-signal-cooperation-on-news-payments/articleshow/80926360.cms">law passed in Australia</a> earlier this year that forces digital companies like Google and Facebook to pay media publishers for news, and if any similar law or regulation is being planned for India. Tharoor also asked if the government “has any concerns about the market power and dominance of platforms such as Google and Facebook.” “Personally, there is no proposal for enactment of a law by this Ministry in this regard,” Rajeev Chandrasekhar, minister of state for electronics and information technology (IT) said. “Government is aware of the growing risks of dominance of various big tech platforms on the internet and is deploying tools and capabilities to deal with the same including actively working with social media intermediaries,” the minister added. The Australian government earlier this year, in February, passed a law that forced digital companies like Google and Facebook to pay for any news used on their platforms. The law proposal was earlier met with backlash from both the companies with Facebook even banning access to news in Australia. The law was proposed to address the market dominance of Google and Facebook in Australia. But both companies later struck deals with media firms in Australia to pay for news. SEE ALSO: <a href="https://www.businessinsider.in/tech/enterprise/news/funny-memes-around-twitter-new-ceo-parag-agrawal/articleshow/88001274.cms" data-type="tilCustomLink">Between becoming Twitter’s CEO and gaining 10x more followers overnight, the craze around Parag Agrawal has taken some funny turns</a> <a href="https://www.businessinsider.in/tech/news/whatsapp-pay-looks-to-accelerate-growth-in-india-with-significant-investments-over-next-six-months/articleshow/88003940.cms" data-type="tilCustomLink">WhatsApp Pay looks to accelerate growth in India with significant investments over next six months</a>

Indian government has no plans yet to make Google and Facebook pay for news

The tech savvy Indians have taken social networking major <keyword id="6354576" type="CITY" weightage="20" keywordseo="Facebook">Facebook</keyword> user base to 125 million in India, adding a whopping 13 million users in the six months. According to an ET report, India is the second largest market for Facebook globally. 
	 According to the report, Facebook had 112 million users in India till December 2014 but seeing the internet penetration in the country, decided to launch <keyword id="142050" type="ORGANIZATION" weightage="20" keywordseo="Facebook-Lite">Facebook Lite</keyword> to cater users with slower internet connection. 
	 “In India, Facebook has 125 million average users (MAU), while the number of mobile MAUs stands at 114 million. On a daily basis, 59 million users in India are accessing Facebook and 53 million are accessing us from their mobile phones," said <keyword id="291070" type="PERSON" weightage="20" keywordseo="Vijay-Shankar">Vijay Shankar</keyword>, the head of Products at Facebook (Facebook Lite) in the report. 
	 
	He added that the Facebook Lite app, which was announced earlier this month, has been "built ground up for markets like India" where internet speeds are slow. 
	 
	It should be noted that Facebook Lite will have all the features except video on news feeds, which require a high internet speed to run. It also allows a user to select the quality of images they see on their news feed to optimise data consumption. 
	 
	"In India, over 80% of the users are on 2G network. We have worked on improving the apps performance even on spotty connections and across devices from entry-level devices to high-end ones," Shankar noted. 
	 
	Image Credit: Indiatimes.com

India brings business for Mark Zuckerberg, takes the count to
125 million users for Facebook

A star equity investor in India with over ₹1,000 crore worth of assets under management has been forced to write yet another letter to his investors explaining the poor performance of his portfolio. Porinju Veliyath of Equtiy Intelligence's latest letter rued the seemingly endless sell-off in mid and small-cap stocks in India for over 18 months. Making matters worse for Veliyath, who has over a million followers on Twitter, are the provisions of the latest budget presented by the newly appointed Finance Minister Nirmala Sitharaman. The following the full text of his latest letter addressed to his investors on July 18. Dear Investors, Eighteen months since the sell-off in broader markets began and yet there has been no respite to small and mid-cap investors like us. All the recovery we made from February 2019 lows has been sold into and we are back to the February levels. Longevity of the ongoing bear market in mid and small caps - of this magnitude has been astounding to even the most seasoned equity investors. I had felt elections could be the turning point for investors to come back to equities. Unfortunately, the positives of the continuity in government has been lost with the market unfriendly provisions in Budget, at least for the near term. Though the maiden budget of Modi 2.0 laid out a long-term vision that the government aims to achieve, some provisions in it has been disappointing from a near term stock market perspective. While the monetary impact of these changes is minimal, the message it gives to the larger investment community is rather regressive. Intentions of the present government without doubt have been good and their efficiency in utilizing tax revenues has been excellent, but these factors aside, it seems that policy makers are not acknowledging the cardinal principles of a free market economy. Past few years saw several challenges emerging in the economy. Though we were cognisant of many of them, we underestimated the extent of the first and second order consequences of some. Government's noble and welcome efforts to strengthen tax base, improve traceability, reduce black money and corruption seem to have chocked the economy for the near term, more than anyone anticipated. Despite RBI repo rate cuts, transmission of the reduction has not happened and the cost of capital to corporates have remained tight, thereby delaying any major industrial recovery. IL&amp;FS scam, instead of getting resolved, have spread to other major NBFCs and banks. IBC process has been entangled in judicial processes and is frustratingly slow. Broader markets are yet to recover from the forceful selling in small and midcap companies triggered by SEBI directives on reclassification to mutual funds industry. Overall, there has been a divergent and narrow market performance for a long time now. Though Nifty has held up, broader markets have shaved off 50% or more in this period. Close to 90% of listed stocks are down anywhere from 30% to 90% whereas top 10% large companies have not fallen much. All the matters above that has affected the universe of the companies in which we have been investing in and for which our clients have entrusted us the funds, sadly, are beyond our control. Most of the stocks in our portfolio are fundamentally strong and some of them are industry leaders with the potential to create wealth. But when will the market acknowledge the underlying value of these companies and reflect them in the stock prices? Having experienced the vagaries of markets for the past three decades, I see a significant recovery going forward, that looks inevitable to me, but I cannot give a time frame for this - I have gone wrong many times earlier in this regard. Many of you would be wondering why we are holding on few underperformers in the portfolio. After a significant draw-down, to sell any under-performing company and shift to alternate opportunities, we need to take a call on many aspects, including: <ul><li>Has the original investment thesis been permanently jeopardized or delayed indefinitely, that makes shifting a better decision than waiting? </li><li>What would be the implicit costs of liquidating these investments in a sentimentally depressed market devoid of buyer participation? </li><li>Is there an alternate opportunity with potential upside that can compensate the draw-down in these stocks available? </li><li>What is the further downside in these stocks and what is the probability that when market sentiment turns around these stocks would perform better than the available alternatives? </li></ul> Considering all the above and a host of other factors in a dynamic and evolving environment, we have been doing whatever in our opinion is best possible. Hoping for better times and waiting patiently for the sentiments to change. SEE ALSO: <a href="https://www.businessinsider.in/warren-buffets-advice-for-investment-manager-porinju-veliyath-who-lost-millions-by-not-cutting-losses/articleshow/67522607.cms" data-type="tilCustomLink" target="_blank">A star money manager in India made a rookie mistake that cost millions</a>

Full text of Porinju Veliyath's latest letter to his investors

What makes this <keyword id="2494939" type="PERSON" weightage="20" keywordseo="azhar-iqubal">Azhar Iqubal</keyword> unique? Well, it’s his honesty to his business. Founded four years back by three musketeers of the Indian Institute of Technology Azhar <keyword id="4899647" type="PERSON" weightage="20" keywordseo="iqubal">Iqubal</keyword> (Delhi), Anunay Arunav (Delhi) and <keyword id="3252339" type="PERSON" weightage="20" keywordseo="deepit-purkayastha">Deepit Purkayastha</keyword> (Kharagpur), Inshorts has sorted out the revenue model for itself. Four years since its inception, news aggregation start up <a href="http://www.businessinsider.in/searchresult.cms?query=inshorts">Inshorts</a> has been christened as the country's highest rated news <a href="http://www.businessinsider.in/searchresult.cms?query=apps">app</a> , awarded the 'Best Innovation App' by the Internet and Mobile Association of India (IAMAI) at the 6 th India Digital Awards while its founders bagged mentions at <a href="http://www.businessinsider.in/searchresult.cms?query=forbes">Forbes</a> India's '30 under 30 list of young achievers' and Fortune Magazine's coveted list of 40 under 40. The news aggregation app has about 8 million subscribers from a paltry 100,000 subscribers in December 2014. Till last year, the co-founders were not looking at monetization or actively working on revenue stream for a year. Things have changed now. According to Iqubal, “Inshorts has emerged as a go-to-platform for brands focusing on millennial marketing. Brands Across verticals are including in brand activation targeting millennials. Some of the major brands being - <keyword id="28251" type="UNKNOWN" weightage="20" keywordseo="Dell">Dell</keyword>, <keyword id="215177" type="UNKNOWN" weightage="20" keywordseo="Vivo">Vivo</keyword>, <keyword id="1731609" type="UNKNOWN" weightage="20" keywordseo="Oppo">Oppo</keyword>, One Plus 5, <keyword id="13722" type="UNKNOWN" weightage="20" keywordseo="Lenovo">Lenovo</keyword> , <keyword id="43777" type="UNKNOWN" weightage="20" keywordseo="Renault">Renault</keyword> , <keyword id="103029" type="UNKNOWN" weightage="20" keywordseo="Maruti-Swift">Maruti Swift</keyword> , Kotak Mahindra, Polaroid etc.” Most users of Inshorts use smartphones priced over Rs 10,000, which make them good target for brands How will the money flow in? Inshorts has already partnered with a few top notch brands and branded content is what driving their coffers. The mantra of news in 60-words has appealed to the fan base whose morning routine now includes reading at least 10 news stories a day. This in return gives Inshorts a superb engagement on app. And that’s how Iqubal wants to thrive his business on. In an age of advertising as storytelling, it starts with deciding what stories to tell that are worthy of an audience’s time. Competition The news market is still emerging. While Iqubal admits of apps like Daily Hunt and UC News being direct competitor, he believes, what Inshorts does is unique in terms of shortening the news and feeding more content to a single user. Out of 200 stories uploaded every day, an user reads at least 20 stories all over the day. And with billions of page views (counted as one swipe per 60 –word story) every month, Inshorts has achieved a feat in the crowded market. Future Inshorts had raised $24 million from two rounds of fund raising, both led by Tiger Global. Now after offering English and Hindi, Inshorts wants to go <keyword id="6355055" type="UNKNOWN" weightage="20" keywordseo="USA">USA</keyword> or Singapore, which is again a matter of time.

You Searched For "india market news" and got 10 results

A star money manager in India with over a million followers is blaming the budget for perpetuating the bear market in Indian stocks

Sriram Iyer

Watching the Sensex can be misleading-- India's mid and small cap stocks have lost ₹2.4 trillion of investor wealth this year alone

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Nestle is paying Ambuja Cements Rs 20cr to destroy thousands of Maggi packs

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Read on to know if the fall in Chinese market is good for India?

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Hyundai India’s Group Marketing Head Sanjay Gupta Quits

AdAge

Rupert Murdoch Reboots Internet Play In India

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Indian government has no plans yet to make Google and Facebook pay for news

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India brings business for Mark Zuckerberg, takes the count to 125 million users for Facebook

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Full text of Porinju Veliyath's latest letter to his investors

BI India Bureau

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