The consistent weakness in India’s core industries, particularly electricity generation and mining, does not bode well for the overall economy, Crisil Research, a unit of Crisil Ratings Group, warned. According to IIP (Index of Industrial Production) numbers, India’s industrial output grew just 0.6 percent in February, a tenth of what would be considered an acceptable […]
The Prime Minister’s office clarified that the two member committee inquiring into the Antrix-Devas deal has submitted its report. The report has been forwarded to the Cabinet Secretary, the highest official in the central government, for his comments within 15 days. The PMO statement, however, was quiet on the contents of the letter, but media […]
Indian brand iBall has made a name for itself in the domestic tablet market with its slide series. While not exactly a Samsung Galaxy beater, the iBall Slide series has been perhaps the best local brand of tablets so far, compared to the likes of the HCL, Spice and Videocon. The latest launch in the […]
The Indian Institutes of Technology (IITs) want to go for permanent foreign teachers, the Union Ministry of Human Resources Development said in a statement. The IITs, one of the world’s leading technology education brands, are currently facing shortage of qualified teachers. They are currently allowed to appoint temporary teachers from abroad to tide of the […]
The number of corruption-related complaints to the Central Vigilance Commission (CVC) – the government’s in-house anti-corruption body, jumped 66% in 2012, numbers show. A total of 29,559 complaints were filed with the CVC in 2012, or about 94 complaints per day. In 2011, the total number was 17,830. India has about 1.7 million central government […]
BenQ, one of the top monitor brands in the country, has launched a 24-inch high-end gaming monitor with features such as very high refresh rates and response time. The monitor, priced at Rs 22,000, has a full HD resolution, and is targeted mainly at gamers. It also supports 3D. BenQ, based in Taiwan, is claiming […]
iBall is fast making a name for itself as the first Indian brand to come up with tablets having the latest technology. It made an impression becoming one of the first to launch dual-core tablets in the Indian market. Not only was the i9702 powered by the then-latest dual-core RK3066 chip, it also came with […]
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 […]
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 […]
The Index of Industrial Production (IIP) grew at 2% in April, compared to 2.5% in March. Following are comments from analysts and industry bodies. CII “While industrial production has shown some signs of improvement, the growth triggers which would pave the way for a sustained recovery have yet to become apparent,” said Chandrajit Banerjee, Director […]
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 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 […]
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 […]
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 […]
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, […]
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 & […]
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 […]
Notwithstanding pull-back in the past two days, gold prices may fall further in India and may even go down as low as Rs 25,000 per ten grams in the short to medium horizon of 12 months as the yellow metal is losing appeal as an asset class in favour of equity, for now, according to […]
The Shunglu Committee, which went into the award of the coverage contract for the recently concluded Commonwealth Games has fixed the ‘fair value’ of the Rs 246 crore contract at just Rs 100 crore. It has therefore, asked the government to recover “excess amounts” paid to the company or payable to it. The UK-based firm, […]
In a major push to market development in Latin America, Government has removed the upper ceiling with regard to eligibility for Market Development Assistance (MDA) for participation in Buyer-seller Mission BSMs/fairs/exhibitions abroad to explore new markets in focus countries of Latin America for export of their specific product(s) and commodities from India in the initial […]
