Spice has launched what has to be the cheapest Snapdragon and quad-core processor based Android phone in India, the Stellar 445. Priced at Rs 5,300, the phone comes with a 4-inch display and Android 4.3 running on 512 MB of RAM. While we are not sure how Android 4.3, which is quite resource hungry, would […]
Bharti Airtel and Loop said they have signed a ‘definitive’ acquisition agreement. They had earlier said that they had signed a preliminary agreement under which Bharti would acquire Loop’s subscribers. ZTE Corp has gone to court trying to prevent Loop subscribers from being sold to Bharti. It claims that Loop owes it money. More details […]
B Sai Kumar, group CEO of Network18 has quit the group, the company said. Network18 owns and operates CNBC-TV18, CNN IBN and other properties such as Firstpost.com. The company did not give the reason for the resignation. Company founder Raghav Behl, however, said Sai Kumar was leaving as it was time for him to “heed […]
DBS Bank said it did not expect any immediate relaxation in interest rates by the Reserve Bank of India. “RBI reiterated that inflation control was a priority and the bank will also attempt to balance growth-inflation objectives. We look for the Repo to be left unchanged next week,” it said. Over the next few months, […]
The National Association of Software and Services Companies (NASSCOM) will bring its prestigious NASSCOM Product Conclave (NPC Cochin 2014) to Kerala for the first time. Product conclaves are designed to encourage Indian software product companies, and help them find partners and customers, while helping them network and find new ideas. The conclave, which has been […]
Lenovo launched its 5.3 inch quad-core Android phone, S860, in India for Rs 21,000. The phone will offer a battery life of up to 43 hrs of talk time and is powered by a 1.3 GHz quad-core processor, running on Android Jelly Bean and 2GB of RAM that makes it a smooth and stylish performer. […]
ICICI Bank Ltd has been asked to pay Rs 50,000 to a person whose cheque was wrongly rejected by the Bank despite his account having sufficient balance. The National Consumer Disputes Redressal Commission asked the bank to pay Rs 40,000 as compensation and Rs 10,000 as costs to Rajendra Kumar Agarwal, a resident of Kolkata. […]
Real Estate companies are hoping the era of rising interest rates is behind India. High interest rates have pushed up EMIs of home loans and prevented people from taking on fresh loans. Real Estate companies are now sitting on inventory worth 4-5 years of sales in big cities like Mumbai and Delhi. “We hope the […]
Zee Entertainment Enterprises Limited (ZEEL) today announced its foray into the music label space with its latest venture, ‘Zee Music Company’ (ZMC). The ZMC has plans to acquire the music rights of over 20 major motion pictures in the financial year 2014-15. Introducing the label, Mr. Punit Goenka, MD and CEO, Zee Entertainment Enterprises Limited […]
Crisil Research said it did not expect any loosening of RBI’s monetary policy tomorrow due to risks of food inflation returning. Retail inflation, as measured by the Consumer Price Index (CPI), has fallen faster than expected in the last three months, from 11.2% in November 2013 to 8.1% this February. With CPI inflation now close […]
Rajdeep Sardesai, Editor-in-Chief of IBN News Network flagged what he called “supari journalism” at a conference today about activism and media even as several of his colleagues highlighted the pulls and pressures that media houses are subjected to. The editors pointed out that several people or organizations with deep pockets often entered the media business […]
The construction of the project of 33 km long underground metro line from Mumbai’s southern tip of Colaba to SEEPZ in Andheri is likely to start in January next year, Mumbai Metro Rail Corporation (MMRCL) said. The Mumbai Metro is currently doing test runs for its first segment from Versova on the western side to […]
Sistema Shyam TeleServices Limited (SSTL) that provides telecom services under the brand MTS today announced the roll out of the most aggressive data plans in the country. The prepaid and postpaid SUPER UNLIMITED data plans have been specially designed to target high usage customers across India. Challenging the existing paradigm in data tariffs; MTS’ Super […]
Assets under management of the Indian mutual fund industry increased 1.45%, or by Rs 131 bn, in February to a record Rs 9.16 trillion, according to the monthly numbers released by the Association of Mutual Funds in India. The spurt was primarily due to inflows into income and equity-oriented funds. On the other hand, liquid […]
The daily ‘multitask’ requirement on working women is taking a toll on their health with three-fourth of them in the age group of 32-58 suffering from some life-style, chronic and acute ailment, as per a survey done by ASSOCHAM for the International Women’s Day (March 8). The Associated Chamber of Commerce and Industry (ASSOCHAM) latest […]
Wipro posted IT Services revenues of $1.344 billion, a sequential increase of 5.6% and year on year increase of 19.3%. It is slightly lower than those of TCS and HCL Technologies, both of which grew dollar revenues in the 7-8% range. Infosys had grown by around 3% only. In Rupee terms, revenue was Rs 5,949 […]
All three finalists in the National Geographic Bee Championship, one of the most prestigious academic competitions in the world, turned out to be of Indian origin. Rahul Nagvekar beat Vansh Jain of Wisconsin and Varun Mahadevan of California in the finals held on Thursday in Washington. The finals saw US President Barack Obama ask a […]
HP, arguably the World’s largest IT company, has opened two out of the four new IT outsourcing facilities it plans to add in India this year. The two facilities, part of its plan to make India one of its six global hubs for services, will provide Infrastructure (technology) Outsourcing services for HP’s global clientbase, it […]
A year into its African Safari, India’s largest telecom operator Bharti Airtel has won a license to operate 2G and 3G services in Rwanda. Together with the 16 countries inherited from Zain, Airtel will not be present in 17 countries in Africa. Rwanda, located in in central and eastern Africa, has a population of approximately […]
Motorola, on a comeback trail, has launched the Motorola Fire, a 3G Android touch-cum-qwerty phone that can only be described as disruptive technology at an irrestible price. There are, of course cheap Android phones etc., but usually they come from a new or unheard of brand and extract a price in terms of quality, design […]
