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 […]
India’s exports set a new high in June, while imports showed a welcome slippage from the high levels shown in May, according to the latest foreign trade data. The oil bill, which had cross the $10 billion mark in the previous month, remained stable at around $10.2 billion in June too. Proving critics wrong, the […]
Essar Energy has said that its $350 million acquisition of Shell’s oil refinery at Stanlow in the UK, will help it export the products of its India refinery to the UK market. The Stanlow refinery, whose acquisition was completed today, is the second largest refinery in the UK and supplies approximately one sixth of the […]
Indian e-retailer Letsbuy.com has brought to India the qwerty-enabled Sony Ericsson Xperia Mini Pro priced at Rs 15,399 ($340) The phone, despite having decent specifications like a 1GHz processor, 5 Megapixel camera, WiFi and Android 2.3 Gingerbread, is not exactly the ‘latest and greatest’ in the league of smart-phones. The biggest factor that differentiates 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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
