“TCS stuns street,” proclaims the Financial Express, reporting the 5.4% quarter-on-quarter revenue that India’s biggest IT firm reported for the September quarter. But a look at the finer print reveals that TCS’ results, while not bad, are not really that much better than what analysts had expected. For example, the biggest criterion by which performance […]
The Indian mutual fund industry’s month-end assets under management (AUM) posted its fastest month-on-month percentage growth since April 2013 and was up by nearly 12% to Rs 8.34 trillion (Rs 8,34,000 crore) in October. The rise in AUM was primarily due to total net inflows of Rs 663 bn with liquid / money market funds […]
Microsoft revealed the results of a startling study of the banking sector in India today. Conducted by Ascentius Consulting, the study revealed that some 34,115 Indian PSU bank branches are at risk, thanks to their reliance on Windows XP. Windows XP will no longer be supported by Microsoft beginning April 08, 2014, but the study […]
The first of Intel’s latest generation low-cost all-day computers based on the Bay Trail platform have hit the Indian market, starting with the two-in-ones – Asus Transformer Book T100 and HP Pavilion Touchsmart 11-H009TU. While the Asus Transformer Book T100 hit stores, including Reliance Digital, on Thursday, the more costly HP Pavilion Touchsmart 11 has […]
Toyota reported a 12% jump in India vehicle sales in November compared to a year ago, but India sales declined year on year. Most of the increase was because of strong exports. India sales fell by about 1.4% to 10,208 vehicles in November. November numbers are a reversal for the maker of Innova and Etios […]
Harley-Davidson, arguably the world’s most popular cruise bike brand, has sold 4,000 of its bikes in India in the first three years of its operations in India. The company, which opened its first dealership in July 2010, opened its 12th showroom in the country in Panaji, Goa. “Buoyed by the positive response of customers across […]
The fledgling political party started by activist Arvind Kejriwal got off to a good start, with both BJP and AAP leading in 2 seats each according to the initial trends in Delhi Assembly polls today morning. Delhi was set for a hung assembly, with BJP coming up with 32-33 seats, AAP with 22-23 seats, Congress […]
A lot of people were wondering whether there would be any future for the Aam Aadmi Party (AAP) if they failed to win at least five seats in the Delhi Assembly elections. Some of that worry dissipated when the exit polls predicted the party to win 10-20 seats out of the total 70. But the […]
With bulk of the speculative activity around rupee value in the foreign exchange market ebbing away, the dollar value is not likely to go beyond 62-63 even after RBI withdraws the temporary measures like direct sale of dollar to the oil importing companies and FCNR swap facility, an ASSOCHAM paper on Rupee Rate has said. […]
Dabur, the brand that brought Tetrapak fruit juices to the Indian consumer, has entered the ‘milk shake’ market with the launch of Real Fruit shakes. The market is largely unexplored. Currently, milk-based products include flavored milk such as ‘badam’, vanilla etc, and yoghurts or traditional preparations. Real Fruit shakes are priced at Rs 105 per […]
A year after Starbucks entered India under alliance with the Tata group, the chain continues to grow fast – inaugurating its 27th store on Saturday in Mumbai. The store is Tata Starbucks’ 13th store in Mumbai. Starbucks entered the Indian market in October 2012 and operates cafes in Mumbai, Delhi NCR and Pune. Starbucks competes […]
It’s probably no surprise, but the recently launched Honda Amaze is thrashing the competition, including, unfortunately for Honda, it’s flagship Honda City. According to October sales numbers, Honda Amaze sold 9,564 cars in October, while Honda city sold just 31 cars all over India during the month of October. A year ago, in October 2012, […]
India’s exports kept up the pace for the fourth straight month by expanding at 13.5% -a 24 month high. Imports too declined in Oct’13, though the pace slowed down a little. Non-oil imports declined by 22.8%, with oil imports posting a marginal pick-up in growth. Cumulative trade balance was at $90.7 billion during Apr-Oct’13. “The […]
The Ministry of Petroleum and Natural Gas has denied media reports that the government may force petrol pumps to remain shut in the night to save oil. “There is no proposal under consideration of the Government to allow sale of petroleum products from the retail outlets only during certain hours,” a statement from the ministry […]
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While you may not have felt it, there has been an improvement in on-time performance of trains in the Indian Railways, according to numbers given by the ministry of railways. According to them, in July 2013, there was a 5% improvement in the number of trains reaching within 15 minutes of scheduled time compared to […]
The total number of passengers using the Indian Railways dipped slightly to 210 crore during the first three months of the financial year compared to a year ago, numbers from the ministry of railways showed. Though the dip was minor (0.7%), in terms of number of tickets sold, the difference was nearly 15 million (1.5 […]
TechCrunch, arguably the world’s top profiler of technology start-ups, is launching its first event in India, at the country’s IT capital. Called ‘TechCrunch Bangalore’, the event follows the familiar recipe of hackathons, investment pitches and start-up networking. TechCrunch, though primarily a website, has in recent years successfully diversified into a broad platform for technology start-ups […]
There is not a single person belonging to the scheduled castes among India’s top ranking bureaucrats — the 149 ‘secretaries’ to the government of India. Scheduled castes are those that are named in the ‘first schedule’ of the constitution for the purpose of protection from a historical trend of exploitation. Along with Scheduled Tribes (tribes […]
Samsung continued to hold the top slot in the Indian tablet market that doubled year-over-year, CyberMedia Research said in its updated Quarterly Tablet PC Market Review. Samsung held a share of 21.2% in the June quarter of 2013, down slightly from 23.9% it held in the September quarter of 2012. Micromax, which was number 2 in […]
