Industry associations have, again, expressed disappointment after the Reserve Bank of India kept interest rates steady. India’s central banker, however, cut the cash reserve ratio (CRR) by a quarter of a percentage point to help ease more money for banks to lend. The RBI has, for several quarters, shown more concern about high prices, and […]
Can Windows 8 tablets take on Android-based models such as the Nexus anthe Galaxy, and the iPad? Going by the Dell Latitude 10 tablet, they may attract a particular group. On Tuesday, Dell introduced its first Windows 8 tablet in India, priced at Rs 42,490, and a tablet-cum-laptop convertible at Rs 90,490, as part of […]
Rising incomes in rural India are fuelling greater spends on protein products such as milk, eggs and meat in the hinterland, a study by Crisil Research found. Overall spending by Indians on protein foods doubled to Rs 2 trillion in 2009-10 from 2004-05, it said. Most of India’s food price inflation is today due to […]
India’s economic situation will improve significantly at all the three critical- macro, industry and firm levels in the coming six months, according to the latest and comprehensive round of the ASSOCHAM Bizcon Survey (ABS). This is despite the fact that as of now, domestic demand remains weak and the global markets stay uncertain. But the […]
The Supreme Court held PJ Thomas’s appointment as illegal primarily because the selection committee did not consider “vital facts” relevant to his suitability as the chief of India’s top anti-corruption agency. “CVC is a crucial institution against corruption.. It is not enough to see if the person is clear in terms of integrity, but also […]
India Inc this Diwali is severely cutting back its corporate gift budgets by a whopping 45-50 per cent as costs balloon and earnings together with profit margins shrink by the day, according to a just concluded survey by trade body ASSOCHAM. The ASSOCHAM representatives interacted with about 150 different companies with an employee strength of […]
For the first time in one-and-a-half years, Ubuntu, the most popular open source operating system, will release a flavor that comes with Gnome – the most popular user interface in the open source world. Ubuntu switched Unity in April 2011 when it released the version 11.04. 18 months later, it is all set to unveil […]
IndianOil and Korea Gas Corporation (KOGAS) signed an MoU for joint participation in Exploration and Production of Gas and Oil at the global level and developing Natural Gas infrastructure projects and LNG sourcing. India is scouting for LNG to meet its growing domestic demand. It has constructed large gas transportation and distribution infrastructure, banking on […]
Kishore Biyani, the visionary businessman who founded Big Bazaar, India’s biggest supermarket chain, came out openly in support of foreign investment (FDI) in retail for the first time since it was permitted by the government a few days ago. Making his stand clear, Biyani said Indian companies would struggle to find the money required to […]
India’s crude oil production missed its target by a substantial 5.7% in September, due to 9.2% year-on-year dip in oil production from India’s biggest field, Mumbai High. Against a targeted 3.25 million tonnes of crude oil, India could produce only 3.07 million tonnes in September. Most of the slippage occurred in the Mumbai High field, […]
Mamata once again reiterated her demand for a “minimum 24” gas cylinders per year for each family in India. She said the government’s assertion that an average family needs only 1 cylinder every two months is a “mockery.” “You ask your wife, anyone.. how many cylinders are used.. You need at least two a month,” […]
Global credit rating agency Standard & Poor’s has cut its GDP growth estimate for India by 1 percentage point to 5.5% and for China by 0.5 percentage point to 7.5%. The cut in India’s outlook was prompted by poor monsoon and negative investor sentiment, while in China’s case, it was caused by the Central Government’s […]
The amount of money sent by Indians working abroad to their family in India rose 19% last year to $66 billion, according to numbers collected by industry body Assocham. In rupee terms, the rise would be even higher as the value of the dollar has risen by about 25% (versus the rupee) over the last […]
Idea has launched a new dual-SIM smartphone called ‘Aurus’, with Android 2.3 (Gingerbread) OS, 800 Mhz processor and a 3.5 inch multi-touch screen display. The phone is priced at Rs. 7,190, but also carries about Rs 2,100 worth of talktime and other goodies from Idea Cellular. “With its large, bright screen, it is the perfect […]
Dell has launched four new models of LED-LCD monitors in India, starting from 21.5 inch to 27 inch. Dell did not mention the prices, but said the ‘S’ series monitors will soon be available on its India website for order. All four models have full HD resolution. In addition, at least three of the four […]
The era of virtual reality 3D goggles may not be far away with advances in small-size displays such as the latest half-inch panel from Seiko Epson Corporation. Aimed primarily at replacing reflective-lens-based viewfinders in digital cameras, the 0.48 inch color display has a resolution of 1024 x 768 pixels. In all, there are about 786,000 […]
Akai has launched one of India’s cheapest large-screen LED TVs – the 29-inch LED29E12 priced at just Rs 21,990. In comparison, the cheapest 32-inch LED model (not full HD) from Samsung costs Rs 29,000. According to the specifications, the Akai model may not have full HD resolution either, as the resolution has not been specified. […]
If you are worried by the rising petrol prices, you may have relief in sight, according to a study by Assocham. Dollar, which rose to the current Rs 53-57 level at the beginning of this year, is likely to drop below Rs 50 in less than three months, a study by the industry association claimed. […]
Google’s ‘Entrepreneur Day’ is coming to India, or more specifically, Delhi. Part of its new ‘Google for Entrepreneurs’ program, the one-day event is aimed at getting technology-start ups more clued in to what the market wants, what works and what doesn’t, what tools are available and towards building a broad partnership. It is holding various […]
The iPhone 5 may be officially launched in India only by the year-end, but private sellers are already offering the latest model from apple at a price of Rs 59,990 on ebay. The pricetag, for the 16 GB version, is about 40% higher than what the iPhone 4S 16 GB model sells for in India. […]
