Indian finance minister Pranab Mukherjee rebutted the argument that well-to-do owners of private cars are sucking up the tens of thousands of crores of rupees spent by the Government in the form of diesel subsidies. Quoting figures, he said only 15% of India’s total diesel consumption is consumed by diesel cars. “37% is used by […]
Google has retired its first public outreach program, the monthly email digest Google Friends, launched 13 years ago. The mailing list, aptly name ‘Google Friends’ as Google grew up more like a open source community than like a company, saw its final edition on Friday. “..the number of subscribers to this newsletter has remained flat, […]
India is famous for its World-beating wireless telecom expansion, but an analysis of the latest data reveals that its mobile subscriber base is increasingly getting filled up by junk, unused connections. Though showing signs of a slowdown of late, India’s wireless telecom market continues to add around 15 million telecom subscribers every month. The market […]
Mphasis, one of India’s biggest BPO companies (majority owned by HP), has acquired a US-based firm that makes insurance management software for an undisclosed sum. Mphasis, listed on the Indian bourses, said the acquisition is part of its strategy to focus more and more on specific verticals, one of which is insurance. The move is […]
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 […]
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 […]
China’s biggest local brand and the fastest growing mobile brand in India, G’Five, has brought out five new models in India — three E series (E680, E650 and E620) and one G Series (G20,) the highlight of which is the ‘gaming console’ on the last one. The E series phones have 2.2 inch displays while […]
HCL Technologies, the IT services arm of the HCL group, has put up an impressive performance in the June quarter, especially in the profits department. EBIT, which shows actual profits from the company before being adjusted for interest and tax, was up a whopping 13% in the quarter compared to the immediately previous quarter ended […]
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 […]
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 […]
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 […]
Ever wondered how to safely dispose of your old mobile phone? Wondered what to do with the beyond-repair TV lying in the store-room? Enter Attero Recycling, a Venture Capital funded start up targeting the emerging Indian market for recycling. Thanks to new environmental regulations under process, all electronics companies will have have ‘take back’ mechanism […]
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 […]
Shashi Tharoor may be the original twitter warrior, Omar Abdullah may have 40,000 followers, but it is the comparatively low-profile Anand Sharma who is taking his ministry to Facebook. The ministry of Commerce and Industry, under a rather dynamic information officer, has put out its public relations arm on Facebook. While the ministry of external […]
Aircel emerged as the fastest growing telecom operator in the Country during the last financial year (2010-11), even as Bharti (including Africa) increased its lead over all others to become more than twice as big as any other operator in India. Smaller operator Aircel, which grew its revenues by 44.1% during the year, narrowly edged […]
Thanks to its exploding appetite for computers, phones and TVs, India has emerged as the World’s fastest growing market for semi-conductors, more commonly known as electronic chips. Electronic chips, usually black in colour, are the brains of electronic devices and are responsible for controlling their behavior through an built-in system logic which responds to user […]
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 […]
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 […]
The adoption of genetically modified BT Cotton, from Monsanto, has reached 90% of the total cultivated area, the Government said today. It has, meanwhile, slightly revised the cotton production for the just concluded financial year (2010-11) downwards from 33.5 million tonnes to 33.43 million tonnes. The 90% achievement for Monsanto’s Bt Cotton in India has […]
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 […]
