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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
A survey by industry lobby Assocham has found that most top corporate executives in India expect sales to pick up over the next six months due a recovery in the economy. The body, which has called for the Reserve Bank of India to cut key interest rates and dismissed concerns of price inflation, said companies […]
Even as India’s Attorney General Goolam Vahanvati told the Joint Parliamentary Committee (JPC) that minister A Raja altered his version of the press release announcing inviting applications for spectrum in early 2008, the government has said it is not sure about the matter. Replying to a question by TDP Rajya Sabha member CM Ramesh, junior […]
The victim in the infamous Suryanelli serial rape case scored a slight victory today after a district sessions court in Kerala differed with a lower court’s decision that a new case cannot be filed against Rajya Sabha deputy chairman PJ Kurien. In light of new revelations and proof dug up by the Malayalam media, the […]
In a surprisingly low-key launch, Google has introduced movie rentals and paid downloads in India on its Youtube website a few hours ago. Google had started tying up with studios in India (and abroad) more than a year ago, but so far, all the offerings on Youtube’s movies section had been free to watch. As […]
The international version of Samsung Galaxy S4, the first phone to feature the ‘Big.Little’ eight-core architecture from ARM, is likely to launch in India on May 1 and carry a price tag of Rs 45,000, according to indications from retailers taking pre-orders for the super phone. “Expected date of launch in India is 1st May […]
Doordarshan is setting up a free high-definition (HD) broadcasting system in the four cities of Delhi, Mumbai, Kolkata and Chennai, the ministry of information and broadcasting said. Free terrestrial broadcasting of HD-quality TV channels is likely to be a novelty in a country where nearly 99% of the people watch low-definition (SD or standard definition) […]
The Congress-led government has again refused to press for a ‘Uniform Civil Code’ — a body of laws relating to items like marriage, inheritance etc. that apply to everyone in India irrespective of their religion, language etc.. Currently, such items are broadly dependent on which community or religion one belongs to, with separate laws for […]
The next financial year is going to be better than the current year ending March, India’s biggest IT services firm Tata Consultancy Services Ltd (TCS) said at an analysts’ conference. Growth this year, however, would be slower than usual because of various factors such as uncertainty in the two main markets of the United States […]
India has a 50-50 chance of being a ‘break-out nation’ economically, Ruchir Sharma, managing director and head of emerging markets and global macro, Morgan Stanley said at an event held in New Delhi today. Being at the right stage of its reform cycle coupled with a healthy investment to gross domestic product (GDP) ratio and […]
Kerala emerged on top in per capita spending on non-food items, while Gujarat is the fastest growing, according to a survey by industry chamber Assocham. Haryana emerged on top in terms of expenditure on food-items. The numbers seem to indicate that Keralites, and South Indians in general, spend much less on food compared to others, […]
There are some product launches that make you go, why? The India launch of Nexus 7 by Google is one such. Let’s see why it doesn’t make much sense in a market like India’s. First, why do people buy tablets? They buy them primarily as media consumption devices. In other words, to see videos, browse […]
It’s bad news on the face of it, but a closer look at the wholesale price inflation (WPI) numbers released today reveals that things are not as bad as they appear, and chances of an interest rate cut by RBI are not totally absent. Government numbers released today revealed that the rate of price increase […]
Days after finance minister P Chidambaram took to the internet to address live questions from the people about the budget, it is the turn of Planning Commission Chairman Montek Singh Ahluwalia to face questions from the public. The event, to be held today at 5 pm, will also feature other top officials from the Planning […]
An estimated 25 lakh foreign workers, including lakhs from India, will be forced to return to their home countries after Saudi Arabia decided to stop the practice of issuing ‘free visas’. “Free visas” allow subjects of Saudi Arabia to bring (or sponsor) workers from abroad under more relaxed rules, and often send them off to […]
