Dipesh Shetty

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Bank credit grows by 14.3%; deposits up 14.6% till March 21

Bank deposits grew by 14.64 per cent year-on-year to Rs 7,739,387 crore as on March 21, higher than credit growth, according to the RBI data.<p>Deposits …

How do you know GM is in trouble? It hired this man

The attorney Ken Feinberg makes a good living off big problems.<p>When General Motors CEO Mary Barra let slip at a Congressional hearing yesterday that she had consulted Feinberg over how to deal with the company’s 6-million car recall, it was both a savvy way to show that she was taking the problem …

General Motors

What It's Like Inside The World's Largest Bitcoin Mining Operation

Dave Carlson is running one of the largest Bitcoin mining operations there is.<p>He's set up an army of number-crunching computers in two warehouses at an undisclosed location in Washington State. The computers generate a ton of heat and burn through electricity, but Carlson says he's generating $8 …

Bitcoin

Minimum Wage Myths

If the teen unemployment rate isn’t high enough for you, raise the minimum wage to $10 or $15 an hour. A year ago, the teen unemployment rate was over 25%. It has declined to 20% a year later, that is progress, but it is still unacceptably high. That means that I of every 5 our young citizens that …

What’s Not Being Said About Bitcoin

<b>Editor’s note:</b> <i>Brian Armstrong is the co-founder and CEO of Coinbase, a leading consumer, merchant, and developer platform for Bitcoin purchasing, selling, and payment acceptance. Follow him on Twitter.</i><p>Mt.Gox is gone. The one-time biggest Bitcoin exchange closed its doors this week and filed for …

The hard truth is that the economy is recovering, but productivity isn't

British businesses have survived the recession by stagnating and cutting pay. That bodes badly for future growth<p>Like the Italians, the British cannot help ploughing their cash into activities that earn diminishing returns. It's a cultural thing. The Italians are earning paltry returns from knocking …

Warren Buffett: Bitcoin is a ‘mirage’

Don’t expect Warren Buffett to be buying Bitcoins any time soon.<p>The financial wizard was crystal-clear Friday about his feelings toward the virtual currency. “Stay away from it,” he told CNBC on <i>Squawk Box</i>. “It’s a mirage, basically.”<p>Part of the mirage, he indicated, is that Bitcoins are simply a …

At TED, Bill Gates Talks About Spending Warren Buffett's Billions

There are two philanthropy partnerships that dwarf all others when it comes to sheer dollar impact, and Bill Gates makes up one-half of each. At the TED conference in Vancouver, one of those partnerships, the one comprising Gates and his wife Melinda, talked about the other one, the one he shares …

Why Europe can't hit Russia with its biggest club: energy sanctions

Europe has sanctioned Russian individuals in response to the Crimea crisis, but it confronts an inescapable fact when it comes to targeting Russia's …

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IN THE early hours of February 20th 2010 Uday Vir Singh, an Indian forestry officer, bluffed his way past a private militia guarding a dusty port …

India

5 reasons why Indian commexes are not global price-makers

Indian comexes rank among the top commodity exchanges in the world. According to FIA Annual Volume Survey March 2013, for the calendar year 2012, in …

Sugar output till March-end down 7% at 21.5 mt

Sugar production in the first six months of the current season ending September dropped seven per cent to 21.5 million tonnes (mt) against 23.1 mt in …

Bulk demand sweetens sugar

Spot sugar prices continued to rise for the second consecutive day with prices jumping by ₹80-90 a quintal on the Vashi wholesale market. The rise …

International Monetary Fund ramps up loan conditions despite promises: Study

The number of conditions the International Monetary Fund attaches to its loans has grown in recent years, despite promises to limit what critics see …