Archive for December 15, 2011

Stubborn as inflation, Rupee refuses to stop falling   352 comments

Like we said, there is no stopping bad news. The rupee on Wednesday continued its free fall with the Reserve Bank of India (RBI) left with no tool to stem the  rot because the world is rushing towards safe-haven dollar due to the lingering euro zone crisis.Estimates are the RBI can use only around $19 [...]

Posted December 15, 2011 by avinashrulzbangalore in Economy

Recent financial crisis calls for innovation in financial development   2 comments

The 2007-09 financial crisis and the lackluster performance of the global economy since, has led to ‘great criticism’ of innovation in the domain of finance. After all, dicey financial products and opaque mortgage-backed securities did play a dubious role in the run-up to the global crisis. However, given incomplete markets, financial innovation can bring about [...]

Posted December 15, 2011 by avinashrulzbangalore in Recession

Google prepping Apple iPhone’s Siri rival ‘Majel’ for Android phones   9 comments

Google is reportedly planning to expand its existing voice-recognition assistant for Android that will allow users to perform actions in their natural language similar to how Apple iPhone’s Siri functions. According to AndroidandMe.com, the company is planning to add a natural language processing feature to Google Voice Actions, already available on most Android phones. Voice [...]

Posted December 15, 2011 by avinashrulzbangalore in Technology

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