By now, iBall has made a name for itself in the crowded Indian tablet market by coming out with well-crafted and almost high-end devices at mid-range prices. It recently introduced the quad-core Q9703, the most advanced tablet by an Indian brand. It was also the first to come out with a dual-core tablet, along with […]
The tussle between Ahmedabad-based Nirma group and union environment ministry got tighter today as the ministry took strong exception to Nirma refusing to abide by its order. The ministry warned Nirma group that it its refusal to honor the ‘stop work’ notice given by it would be counted as a ‘dereliction’ and would be counted […]
One of India’s biggest neutraceuticals and health-food brands, Dabur, has clarified that it was not aware of exports of its products from India to the USA, leading to a US FDA alert. Media reports had said that the U.S. Food and Drug Administration, the agency that approves drugs and medicines and maintains quality of packaged […]
As expected, the Reserve Bank of India today held key interest rates unchanged despite calls from industry lobbies for easing money supply, despite a dip in inflation to about 9.3 percent. The following are key reactions to RBI’s move. CII The quarterly GDP figures point towards a poor health of the economy even while industrial […]
Close on its acquisition of Waze, an Israel-based mapping company, Google is all set to launch a new ‘intelligent’ version of its Google Maps product. The new product will focus on three things – an overall improvement in the quality and sophistication of the product, artificial intelligence and a more ‘social’ experience. In the new […]
SanDisk has tapped Freescale Semiconductor’s India head Ganesh Guruswamy to head its Bangalore-based India Design Center. Guruswamy, who has been appointed Vice President, will be in charge of leading the memory device maker’s Bangalore-based engineering teams to devleop what it called its next-generation consumer storage solutions, including USB flash drives, memory cards, microSD cards, and […]
Taiwanese peripherals and laptop maker Asus has signed on a second India-wide distributor to expand its reach across the market. Along with existing distributor Rashi Peripherals, Ingram Micro, a Fortune 100 company, will help the company widen its base, Asus India said. Unlike Rashi, Ingram is an international firm, and is expected to give marketing […]
Private Equity firms invested about $2,330 million across 82 deals during the quarter ended June 2013, according to early data from Venture Intelligence, a research service focused on private company financials, transactions and valuations in India. The investment amount was 17.7% higher than that invested in the same period last year ($1,980 million across 114 […]
While many exporters have never been happier thanks to the steep fall in the level of rupee to 60 per dollar, the Electronics and Computer Software Export Promotion Council (ESC) has urged policy makers to take a longer term view. The association pointed out that while, in the short term, exporters will get more rupees […]
The government of India has withdrawn its three month old circular on how to calculate taxes payable by captive research & development (R&D) units of foreign companies in India. The circular, which would impact tax rates of companies like IBM, Microsoft, Samsung, GE, Google and others in India, was issued on March 26. While the […]
India’s trade minister Anand Sharma today held a ’round table conference’ with foreign companies and others to address their concerns about the country’s foreign investment (FDI) policy for the retail sector. The meeting came after many foreign firms, such as Wal-Mart, seemed to have gone slow in firming up their plans for investing in the […]
Close on the heels of a controversy set off after a fiesty blogger was denied an Aadhar card because she didn’t wear a ‘dupatta’ (shawl), the Planning Commission of India has said that there is no ‘dress code’ for Aadhar photographs. In fact, the Commission’s Unique Identification Authority of India (UIDAI) even went to the […]
Eleven states have agreed to allow foreign direct investment (FDI) in retail in India, according to the a statement released by the central government today. The states that have agreed to allow 51% FDI in retail are Delhi, Haryana, Maharashtra, Rajasthan, Andhra Pradesh, Assam, Himachal Pradesh, Uttarakhand, Jammu & Kashmir, Assam, Manipur and Daman & […]
Thanks to a relentless increase in Diesel prices by state-owned retailers, waiting periods of petrol cars in India have zoomed to weeks, or in some cases – months, in recent days. Among the cars that have become nearly impossible to get at short notice are the Maruti Suzuki Ritz and Swift, and to some extent, […]
If you are curious about what NR Narayana Murthy has in store for Infosys Ltd, the IT company is planning to live webcast its annual general meeting that will happen in a week’s time. The webcast will start at 3 PM on Saturday, June 15, and be accessible on the outsourcing company’s website, infosys.com. Infosys […]
The Indian mutual fund industry achieved a milestone in May as total assets under management hit a record high, but things were less rosy for the crucial equity sector. Equity assets under management declined for the 11th time in 12 months as the stock market continued to be caught in a sideways movement. “Equity funds […]
The number of students qualifying to the second round of the Annual Google Fair from India saw a drop this year, with only 11 out of the 90 finalists being from the country. In comparison, the number of selections from India was about 15 last year. In fact, in 2012, Indian kids had swept up […]
MTS, the Russian operator with a Pan India license, will offer a free HTC Android handset free with new connections if customers agree for a minimum bill size of Rs 1,500 every month. The company is the first player in India to offer the ‘American style’ bundling facility. Almost none of the Indian operators offer […]
The Indian constitution prohibits giving reservation on the basis of religion, the central government told Sabir Ali, a Rajya Sabha MP from Bihar. In a question to the government, Ali had pointed out that paragraph 3 of the Presidential Order of 1950 that granted reservation for Scheduled Castes in India specifically mentions that reservation is […]
Students proposing to go abroad for higher studies becomes one of the victims of the weakening rupee as if dollar remains around Rs.60/-, the impact shall be 15% to 20%, according to the ASSOCHAM. While releasing the ASSOCHAM assessment Mr. D S Rawat, Secretary General ASSOCHAM said, Indian students who are going abroad for their […]
