Category: Business
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Novartis loses court appeal, cancer drug to stay cheap
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Poor cancer patients in India would welcome Indian apex court’s decision, dismissing Novartis’ appeal for a patent for its anti-cancer drug, Gleevec. The Supreme Court judgement, delivered by Justice Aftab Alam and Justice Ranjana Desai, has called for a strict interpretation of section 3(d). India’s  Cancer Patients Aid Association (CPAA) has…
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How to keep teenagers safe on net
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A consumer advocate is warning that fraudsters maybe “mining” people’s personal data today and use it months or years later for fraud. Parents need to know their kids may be risking their identity and future credit rating by posting volumes of personal information to open forums and other sites, a…
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401(K) and IRA – should expats invest in retirement plans?
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Many overseas Indians and expats settled in the United States of America face a common dilemma – should they invest in a 401(K) plan or an IRA (Individual Retirement Account). The confusion is more prominent among non-US citizens or those without permanent residence status in the US. Many Indians working…
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Indian recruiter wins IT award in NZ
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RANN IT Recruitment won the coveted Seek Annual Recruitment Awards under the IT Recruitment – small category recently in Auckland. RANN – “Resource & Networking Needs†is a specialist IT Recruitment Company based in Auckland dedicated to both permanent and contract positions. RANN IT recruit across full IT spectrum from Technical Business IT and…
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India,New Zealand to share agrotech knowlege
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Two major industry associations from India and New Zealand have signed an MoU to share knowledge and other resources. A delegation from  New Zealand National Fieldays Society is in India to sign the MoU with Confederation of Indian Industries (CII). New Zealand National Agricultural Fieldays will be held 12-15 June 2013 at…
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iPhone 5 price in India starts at Rs45,000
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It’s not very often that you will get to see Indian men turning their back on a hot Bollywood actress. I guess iPhone does that to men. To buy iPhone 5 in India, the men had to overlook the temptation of a Bollywood actress in red dress standing just a…
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Chinese to start dairy farming in New Zealand
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Shanghai Pengxin, the Chinese company which spent the last 18 months waiting for final approval to buy a large New Zealand farm, says it is delighted the Supreme Court has refused to allow a further legal appeal by iwi (an aboriginal group), and that there is now no obstacle to the purchase being…
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Asian quota will be ‘insult to injury’ – activist
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Providing reservation in jobs for Indians or Asians will be counter-productive, says a human rights activist in New Zealand. Anthony Ravlich, chairperson of Human Rights Council New Zealand (not to be confused with Human Rights Commission) says it is absurd that “New Zealand may now provide affirmative action (job reservations/quota) for perhaps its highest…
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Kotak Mahindra launches NRI banking with Scotiabank
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Indians moving to Canada can now experience NRI banking services with another trusted Indian banking brand. For new immigrants, or international students, the latest alliance of Kotak Mahindra Bank with Canada’s Scotiabank opens the doors for financial services at a time when you need those the most – just after arrival in…
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NRI income tax return: deemed rent
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NRIs (Non Resident Indians) investing in real estate in India get excited about high returns on property, but don’t consider the NRI Income Tax rules. Filing tax returns are a priority now that the due date for the year 2011-12 is close. NRI Income Tax rules has some strange provisions…
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Prem Watsa raises stake in BlackBerry
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Samsung Galaxy, iPhone and Android-based smartphones have reduced the popularity of once-market-leader BlackBerry, but an Indian is showing faith in the troubled smartphone. Prem Watsa, known as Warren Buffett of Canada, has raised his stake in Research In Motion (RIM), the Canadian maker of BlackBerry, indicating a belief that there’s…
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India a promising market for exporting polymers – report
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India’s polymer industry, while growing, still has vast untapped potential, according an industry report. India consumes only 7.4kg of polymer per person every year, much lower than the United States which uses more than 100kg per person annually. Global average is 29kg (2010). Polymer is used in various forms, from…
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India gets ready for super-expensive custom cars
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A young entrepreneur from India’s capital city of New Delhi is dreaming big. How big? In a car market where a mid-range BMW costs Rs 5000,000 (US$90,000), and a Jaguar Rs 30 million (US$540,000), he is planning to make a car that’s going to cost Rs 150 million (US$2.7 million)…
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How to repair bad credit rating
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Credit cards with bad credit rating often cause financial distress, and they often search for credit cards for people with bad credit rating. They are attracted to advertisements that promise ‘no credit check credit cards’. People with bad credit rating are sometimes disadvantaged because they are continuously declined for regular…
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How to get a job in Australia
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Lure of high-paying jobs in Australia in a range of sectors, from mining to information technology, is attracting skilled professionals from neighbouring countries like New Zealand as well as from far away destinations like the UK, Ireland, America, Canada and India. The Global Financial Crisis (GFC) has forced migrants from…
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New Zealand’s little known partner
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Indonesia is New Zealand’s nearest Asian neighbour, the world’s fourth most populous country, and has a rapidly growing economy. But a new Asia New Zealand Foundation (Asia:NZ) report highlights the gap between its significance to New Zealand and our engagement with it. In the report Indonesia and its Significance for…
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Should I fix my mortgage or keep it floating?
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Should I fix my mortgage or keep it floating? Or should I stay with my bank or switch? With ever changing home loan market, finding the most suitable and accurate information from an unbiased source about home loan is very difficult. It gets more confusing when you visit different banks…
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NZ needs to move beyond students, soldiers in Southeast Asia – report
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Southeast Asia is familiar territory for New Zealand: it educated its elite and defended its shores. However, New Zealand needs to move beyond students and soldiers in Southeast Asia and with ASeAN, says a report. New Zealand needs to boost its relationship with Southeast Asia and not rely solely on China for its…
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Indian innovater gets ready with iPhone payments gadget
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When you speak with him, you get a sense of ease, even a sense of quiet, that sounds like an introvert. Get him to talk about his latest innovation – SwipeHQ however, and you get to hear him talk passionately. And then, there’s an air of swiftness while answering potentially…
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Diaspora key to doing business with India – report
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A new report identifies the value of building connections with Indian businesspeople in New Zealand, so that Kiwi exporters can explore full potential of Indian market. “The growing, well-educated and well-connected Indian diaspora in New Zealand provides a valuable resource for building sustainable businesses, as well as cultural and social links between the…