Fruit prices continued to trend uncomfortably upwards during the third week of April, according to the wholesale price data released by the government. While overall primary article (food and fuel) prices remained higher by around 12% compared to a year ago, fruit prices were up nearly 33%. Primary article price rise has remained in the […]
Offence is the best way to defence. This is what Pakistan has decided to do after coming under heavy international criticism for its failure to track the Al Qaeda Chief,Osama Bil Laden,who was hiding very close to the capital Islamabad. The Abbatabad mansion, where Osama has been living for the last five years, is just […]
India’s exports cgrew 44% in March, the final month of the last financial year. For the full year, the growth was 37.5%, as announced by the government earlier. Export growth was slightly lower than the 50% growth seen during the early part of 2010, but substantially higher than the rates prevalent a year ago. India’s […]
India is heading towards an unprecedented oil-shock, with under-recovering quadrupling over last year — according to early numbers from the ministry of petroleum and natural gas. With crude oil prices almost regaining their all time high of 3 years ago, India’s state-owned oil companies are heading towards a record breaking ‘oil shock’ year. “The Oil […]
According to a press release from the United States embassy in New Delhi the US Ambassador to India, Timothy Roemer, has decided to resign from his post due to “personal, professional and family considerations”. He took the responsibility in India two years ago. “When I accepted this job two years ago, I told President Obama […]
Word of God Fellowship Inc, a controversial Christian evangelistic group with a global TV empire, has been given approval today to set up a fully owned Indian company to redistribute TV channels in the country. The Fellowship, led by Christian evangelist Marcus Lamb and his wife Joni Lamb were in the news four years ago […]
India’s top Patent officer, the Controller General of Patents PH Kurian has announced that India will join the Madrid System of Trademarks within one year, setting off a warning to Indian companies to ‘register it, or lose it’ as far as their brand names are concerned. India had been negotiating with the World Intellectual Property […]
Info Edge, the company behind Naukri.com and one of the few Indian firms to survive the dotcom bust, has announced a Rs 9 crore investment into group-buying portal mydala.com. The investment is the sixth as part of the Info Edge strategy to invest in internet start-ups. “Online deal sites have now emerged as a platform […]
Mageia Linux, the community fork-edition of Mandriva Linux, has announced the second beta edition of its first ever Linux operating system release. The release, available for download here is the last ‘test’ release before the split-away group releases its final Linux distribution. The development has come six months after most of the senior developers of […]
Eight international soldiers and one contractor were killed in a fight at the Kabul airport today.Some sources say that six were killed. A gunman wearing the uniform of an Afghani pilot came into an argument with soldiers of the International Security Assistance Force (ISAF) early in the morning around 11 o clock local time (06.30GMT) […]
After giving hope to anti-POSCO protesters by putting the project clearance on hold, environment minister Jairam Ramesh has abandoned them again, pointing out that the protestors’ resolutions did not have the requisite number of signatures. On April 15, Jairam Ramesh had announced that he intended to put the forest clearance to India’s biggest foreign investment […]
India has more than the usual quantity of water in its mega dams at the end of April, according to statistics released by the Water Resources ministry. The numbers crunched by the ministry shows that at the end of April, the average water level of 81 of India’s biggest dams is around 60% higher than […]
India has fired a salvo at Pakistan after US President Barack Obama confirmed that Osama bin Laden has indeed been shot and killed ‘deep inside Pakistan.’ India’s home minister P Chidambaram (in charge of homeland security) said the development “underlined” India’s position that Pakistan “shelters” terrorists. “We take note with grave concern that part of […]
India’s second largest industry association, the Federation of Indian Chambers of Commerce and Industry (FICCI) has lent its support to Congress President Sonia Gandhi’s proposal to allot mines only through bidding, but called it unsuitable for many cases. Under the current system, mines and similar natural resources (except oil blocks) are allotted in a non-transparent […]
The Prime Minister’s Trade and Economic Relations Committee has stepped in after complaints by the Indian pharma industry over India’s planned trade agreement with the European Union. The commerce ministry led by Anand Sharma has been negotiating a trade agreement — aimed at reducing import duties and facilitating better access for companies on both sides […]
After waiting in vain for state governments to get their act together on bringing government services to the Internet, the Central government has cracked the whip and brought out a draft bill to force state governments to implement e-governance programs in five years. While the original plan was to have nearly all government services available […]
World’s top ‘track 2 diplomacy’ institution and New York-based think-tank, the East West Institute has warned of a ‘9/11 type’ of attack on the undersea cables that connect India to the rest of the world. Addressing telecom secretary R Chandrasekhar and officials of the home ministry, the founder of the 30-year-old think-tank, John Edwin Mroz, […]
Indian IT outsourcing firms, including TCS and Infosys, grew faster than their global peer to increase their share from 4.8% of the global outsourcing market in 2009 to 5.5% in 2010. As a unit, Indian outsourcing firms grew 18.9% in 2010 while globally, IT services industry grew by just 3.1%. Indian firms, however, continued to […]
The French Asset Management firm Natixis Global Asset Management has sought the government of India’s approval to enter the Pension Funds management business in India. The Government’s foreign investment promotion board (FIPB) on Tuesday deferred the proposal to its next meeting. The investment by Natixis will be done ‘indirectly’ through another company, the FIPB said. […]
India’s biggest industry body, the Confederation of Indian Industries (CII) has criticized the raising of interest rate by the Reserve Bank today, pointing out that the relentless inflation is caused by factors external to India. The Reserve Bank, in charge of controlling price rise by managing the amount of money pumped into the market, raised […]
