India Business

All Nippon Airways (ANA), the Japan’s largest airlines, has announced plans to serve Ramen Noodles to its passengers from June 1, 2013.

Union Finance Minister P. Chidambaram has favoured mergers in the banking industry so that India can have two-three global sized banks.

Coal India Ltd (CIL) jumped over 2 per cent on the bourses on Tuesday after the company reported a 90 per cent jump in standalone net profit for the fourth quarter ended March 31.

Vodafone (VOD.L) posted the largest ever fall in its main revenue measure on Tuesday, forcing it to keep a dividend from its healthy U.S. arm to compensate for a slump in southern Europe.

A benchmark index of the Indian equities markets was trading nearly 0.30 percent down in the pre-afternoon trade Tuesday owing to negative foreign cues and continued profit-booking.

Soon after buying  social media blogging site Tumblr for $1.1 billion in cash, Yahoo has overhauled its photo sharing service Flickr. Flickr has been overhauled with high resolution images and larger photos. The new Flickr homepage offers “endless scrolling” and has ditched the old interface with white space, text and blue links. It now sports a sleek user interface with grid layout of huge pictures in full resolution. Users will be able to share the full-resolution photos by email, Facebook, Twitter, Pinterest and Tumblr. Along with the overhaul,Yahoo is making Flickr bigger and offering users whopping 1TB of free storage which can store 537,731 photos of average size. An ad-free option is available for $50 a year and a pro version of the service will set you back $500 for 2 TB of storage. Yahoo has also launched a power packed Android app  with the new photo-centric UI that fills the activity feed with a dynamically resized layout. Flickr looks at the photos in the feed and arranges them to create a solid wall of photos. The good news is that none of the photos are cropped from their original aspect ratio to achieve this effect. Since acquiring Flickr in 2005 for $35 million US, Yahoo has been criticized for allowing the service to languish with few major improvements. Flickr has seen its popularity wane with the rise of competitors like Instagram, and of social media sites generally, though it still has about 89 million users. Yahoo has seen some important acquisitions under CEO Marissa Mayers reign like gobbling up mobile apps such as Astrid, Alike, Summly, Milewise, GoPollGo and Jybe. Yahoo! is gradually improving its position as a media company and making some progress toward boosting user engagement on mobile. It recently launched two mobile apps on android and iOS. With the pace Yahoo is expanding is really impressive and I believe it will soon climb the charts and enjoy the view from top. Image Courtesy |  flickr Looking For A Social Media Agency?? - Contact WATConsult - India's Leading Social Media Agency

Indian IT bellwether Infosys Ltd Monday said it would appeal against the notice of the income tax department demanding Rs.577 crore as outstanding dues for fiscal 2008-09.

India and China should focus on trading in their own currencies, the rupee and renminbi, instead of the US dollar, as this would help reduce risk and cut exchange costs, Reliance Group Chairman Anil Ambani said Monday.

MP Birla group flagship Birla Corporation Monday reported a 26.40 percent rise in its net profit to Rs.72.63 crore for the quarter ended March 31, 2013, from Rs. 57.46 crore during the same period a year ago.

Srei Infrastructure Finance, one of India's leading infrastructure financial institutions, Monday announced a 424.45 percent jump in its consolidated net profit to Rs.69.28 crore during the quarter ended March 31, 2013, from Rs.13.21 crore in the same period previous year