Verizon Wireless, the first major telecom operator in the World to launch 4G LTE, has introduced the 10-inch Samsung Galaxy Tab for US customers. The 4G LTE-tablet, arguably the most advanced in the World today, will be available for $530 and $630 for the 16 GB memory version and the 32 GB memory version respectively. […]
The Supreme Court of India has abrogated an oft-quoted ruling by the Andhra Pradesh High Court on the applicability of state amendments to central laws. The Court also restated its absolute powers to intervene in any case without the need for an appeal or complaint to push the cause of Justice and refused to be […]
Despite positive comments from the experts on HCL Technology’s June quarter results, the street seems to have given a thumbs down. HCLT had announced an impressive 13% quarter on quarter jump in its pretax, pre-Interest profits, but sales growth was slower than usual at 5.3%. The stock was down 1.83% at Rs 505 on the […]
Vodafone, World’s largest telecom operator by revenue, has bought 22% of its Indian joint venture Vodafone Essar from its partner, the Essar group, it said in a trading update today. In all, Essar holds around 33% of the Indian company and has agreed to sell the entire stake for a cost of around $5.5 billion […]
Earlier this year, when AMD released their new Fusion chips combining the power of ATI graphics with its own processors, they were touted as Atom-killers. Despite the hype, however, actual models based on the revolutionary and bold architecture were few and far between to be seen in the Indian market. Sony was the first to […]
After playing second fiddle to ‘international’ brands in the 3G market, Indian brands too are now starting to come out with their own big-screen 3G devices. As for the customer, the rates being offered are around 10%-15% cheaper than those of foreign brands, though variety is quite restricted, with just one or two models with […]
Wimax’s biggest win Sprint Nextel has inked a $13.5 billion, 15-year deal with wholesale connectivity provider LightSquared to construct and operate an 4G LTE network on the latter’s spectrum. Sprint’s role will be that of a technology and operations partner and it shall have preferential status to buy 50% of the capacity created by the […]
The steeper than expected hike in short-term interest rates by the Indian central bank has irked the industry, which had been calling for the Reserve Bank of India to desist from hiking rates. Against an expectation of 0.25 percentage points, the RBI chose to err on the side of caution by hiking short term base […]
Defending against former telecom minister A Raja’s allegation that neither the Finance minister and the Prime Minister raised objections when the alleged scam beneficiaries were benefiting from foreign investment into their ‘tainted’ companies, telecom minister Kapil Sibal said there was nothing wrong with the funding. In a statement, he said that the under the rules […]
Taj Mahal, Shah Jahan’s eternal tribute to his beloved wife Mumtaz, retained its honor as the biggest tourist attraction in the country, grossing almost Rs 20 crore out out of the Rs 87 crore earned by the Archaeological Survey of India from monuments last year. Taj’s earnings were up by 15% in the year ended […]
HP, India’s number two PC maker and the World number one, has combined a 21.5-inch TV and a full-fledged computer into a single product introduced at around Rs 27,000. The new product, called the HP Omni 200-5310IN, is similar a mash up of the all-in-one PC with the LCD TV. While an all-in-one PC does […]
After entering a hyper growth face, India’s telecom market seems to be finally cooling off, with subscriber addition numbers showing a sudden drop off in April and May. The net wireless addition for the month of May, the latest for which data is available, was just 13.5 million, down from 15.34 million in the previous […]
India Against Corruption (IAC), the umbrella body leading the fight against the Government’s ‘toothless’ Lokpal bill, has unveiled an elaborate and ambitious agitation program for the two weeks leading up to India’s Independence day. The highlight of the program would be distribution of pamphlets, mass burning and tearing of a copies of the Government’s version […]
The Supreme Court of India has ordered a 42-year-old Air India official to pay Rs 40 lakhs lump-sum or Rs 40,000 per month to his estranged wife to enable her to maintain her old lifestyle. The order marks a departure from the traditional ‘enough to keep her out of poverty’ assessment of the alimony amount […]
37% of India’s IT-BPO workforce is comprised of Women, while 88% of all employees are 35 or younger, Nasscom’s latest HR survey revealed. The proportion of women in India’s newest industries is bound to increase in the coming years as they made up 40% of the new hires in the last three years, the survey […]
Mahindra Aerospace and Mahindra Satyam have signed a Memorandum of Understanding (MOU) for a trade partnership with the Eurocopter Group and its Indian subsidiary, Eurocopter India. The Franco-German-Spanish Eurocopter Group is a division of EADS, a world leader in aerospace, defense and related services and is the world’s number one helicopter manufacturer in the civil […]
India’s biggest oil producer, the Oil and Natural Gas Corporation (ONGC) saw a decline of 2.4% in its crude oil and 5.5% in its natural gas production in June due to declining supply from its star performer – the Mumbai High. However, rising production from Cairn India’s Rajasthan fields more than made for the decline, […]
Despite delays and apparent difference of opinion at high levels, the food minister KV Thomas today re-iterated that the Government will push through a ‘Food Security’ bill, possibly in the coming session of the Parliament itself. He also hinted that the Government version of the bill may different from that suggested by the National Advisory […]
Microsoft has escaped punitive action by the Indian competition watchdog after the law-firm that complained about its alleged abuse of monopoly failed to back up its case with evidence. Microsoft India was dragged to the Competition Commission of India (CCI) in August last year by Delhi-based law firm Singhania & Partners after the company demanded […]
HTC Corporation has launched its ‘facebook phone’, the ChaCha (or ChaChaCha) in India at a price of around Rs 16,000. The phone has been launched in association with Tata DoCoMo, which basically means that you get a lot freebies if you buy it from Tata DoCoMo. The phone is available to everyone, whether a DoCoMo […]
