State Bank of India, the country’s largest bank, said it expects the Reserve Bank of India to cut key interest rates only after sees a “sustained” downward trend in inflation, and this is likely to take at least 2-3 months more. “We maintain that RBI may go for the rate cut in a decisive manner […]
HCL Infosystems, the India-focused arm of the HCL group, said it has been named in a charge sheet related to alleged irregularities in the award of a contract to supply computer hardware and related services under the National Rural Health Mission in 2009. The chargesheet has been filed in a special court in Ghaziabad, the […]
Wipro will cut one third of its employee base. Tata Consultancy Services to apparently let go off 25,000 senior employees (according to Business Standard). Infosys is in the middle of a transformation aimed at limiting the number of employees and increasing the use of automation. Is the golden age of Indian Information Technology over? More […]
The department of telecom has opposed TRAI’s suggestion to auction the CDMA spectrum surrendered by Tata Teleservices (Tata DoCoMo) in the upcoming auctions, saying that there is a chance that the spectrum may have to be returned to the operator. However, in its response to DoT’s doubts, the TRAI reiterated that the spectrum should be […]
Reliance Communications has launched ‘true unlimited’ high-speed services using its CDMA service in in Chennai, Bengaluru, Hyderabad and Pune, and promised to launch in other cities soon. The so-called ‘Pro 3’ services are based on EVDO Revision B (Rev B) technology, that helps combine multiple carriers of EVDO Rev A. Under Rev A, a single […]
Vodafone has become the first operator in India to offer 3G services across the country, the company said in a statement. Its latest launch has been Orissa, where it will give a 40% discount on 3G data packs for the next ten days. In Orissa, Vodafone’s postpaid plans start from monthly rentals of INR 150 […]
Idea Cellular, Vodafone, Bharti Airtel and others got new mobile number series from the Department of Telecom last week. Every time a new number series is allotted, the companies also get hold of premium numbers, such as 995000000 and so on. Telecom operators are allocated new number series as and when they near exhausting the […]
In an especially strong attack against perceived threats to its Internet-based business, the Times of India group has sought regulatory intervention to ensure what is popularly called Net Neutrality, or the concept that internet service providers must charge only from the end consumer. In other words, the Times of India group wants TRAI to ensure […]
The millions of engineers who pass out from Indian colleges every year looking for IT jobs will have to either learn specialised skills, or look for other sectors, a new report said. The report said recruitment by IT companies in India will halve over the next four years. “Incremental recruitment by the information technology (IT) […]
Looks like Panasonic, the Japanese electronics giant, is getting serious about cornering a chunk of the Indian market. Just days after launching India’s cheapest Android KitKat smartphone from an international brand, the company has launched Panasonic P55, India’s cheapest 5.5-inch HD Android phone from an international brand. Of course, the ‘from an international brand’ part […]
Indians have the highest trust in banks and financial institutions when it comes to sharing personal data, while the least amount of trust is placed on social networks and search companies, according to a survey by Aimia, a loyalty management company. Financial institutions are perceived as sending out the most relevant communications, with 44% of […]
Tata Communications said revenue from operations for its core business grew 1.7% to Rs 44,950 million (USD 742 million @average INR/USD exchange rate of 60.58) from INR 44,187 million during the corresponding quarter in the previous year. Total Income has increased from Rs. 49919.50 million for the quarter ended September 30, 2013 to Rs. 52350.60 […]
T-Series, which kickstarted the audio cassette revolution in India, has entered the mobile handset space with the launch of its first phone SS909. The T-Series SS909, priced at Rs 5,999 on Snapdeal, is powered by a quad-core processor and has half a GB of RAM. The company did not specify the display resolution, but said […]
The Diwali shopping season has just got over and we’ve heard complaints and reports that online retailers and courier companies have been caught on the wrong foot by the extremely high amount of shopping done by Indians on sites like Amazon, Flipkart and Snapdeal. While earlier, when someone asked: What is better, Flipkart, Snapdeal or […]
Jumbo Electronics, a leading IT, telecom and consumer electronics retailer and distributor in the UAE, and Flipkart, India’s largest e-commerce marketplace, have launched the world’s first dual-screen smartphone – YotaPhone – in the subcontinent. After being named as the exclusive distributor of Yota Devices in the Middle East earlier this year, Jumbo has successfully expanded […]
The India eCommerce market will reach $6 billion in 2015, a 70 percent increase over 2014 revenue of $3.5 billion according to market research firm Gartner, Inc. Digital commerce facilitates a purchasing transaction over the Web, and supports the creation and continuing development of an online relationship with a consumer or business customer across multiple […]
Crisil Research has cut its forecast for current account deficit this financial year to $32 bln, or 1.55 of GDP, from $47 bln, or 2.2% of GDP, due to the sudden fall in oil prices. A country’s dealings with the rest of the world is divided into the current account and the capital account. Current […]
Ola Cabs will launch a new smart app tomorrow that will allow users to book ordinary cabs, also called black-and-yellow cabs. So far, no service provider has been providing the service to book ordinary cabs. Ordinary, or Kali-Peeli cabs, cost Rs 14 per km in Mumbai, while Ola’s cheapest offering, Ola Mini, costs Rs 15 […]
The telecom regulator’s recommendations on spectrum auction are likely to help Idea Cellular and Reliance Communications – two companies which were facing the highest risk of business disruption from the upcoming auctions. The TRAI has suggested that the auction of 900-1800 MHz spectrum be put on hold till issues around the availability of 3G spectrum […]
The following is the quick summary of the Telecom Regulatory Authority of India (TRAI)’s recommendations on auction of spectrum and licenses expiring next year. The Authority recommends that 1.2 MHz spectrum in 900 MHz band should be taken back from BSNL from all the LSAs where licences expire in 2015-16 except in Punjab. In lieu, […]
