Reliance Infrastructure, the engineering, infrastructure and construction company from the Anil Ambani group has again started share buy-backs on a large scale. The company announced that it had bought back 1 lakh shares of the company today from the open market. At around Rs 695 per share, the company has spent Rs 7 crore in […]
Many users of Facebook in India were surprised to find a small ‘camera’ icon next to their comment boxes under posts made by others. Indeed, India is one of the early markets to receive the feature, which started rolling out overnight. The feature allows commenters to upload jpeg or png files as part of their […]
Some among Kashmir’s seperatist leaders felt that Afzal Guru, convicted by the Supreme Court to death for his part in the Indian Parliament attack of 2001, should hang, but did not dare say so openly. In a private conversation after the Supreme Court confirmed Afzal’s death sentence in 2006, Goeffrey Pyatt, the in-charge at the […]
David Mulford, the US ambassador to India from 2004 to 2006, sent a piercing assessment of India’s political situation, including a description of the ‘sycophancy’ inside the Congress Party. The 2006 assessment was sent soon after the Supreme Court quashed a move by former Congress leader and then Bihar Governor Buta Singh to dismiss an […]
Fund flows from Foreign Institutional Investors reacting to global and local factors is largely behind the sharp fluctuation in the value of the Rupee over the last few days, Crisil Research has said. While predicting that the Indian currency will recover much of the ground lost over the past one month or so, the agency […]
The government has extended the deadline for electronics manufacturers and importers to get safety certifications for their products due to delays at the Bureau of Indian Standards (BIS). The original deadline was July 3, after which products that did not meet the safety norms were not to be sold. “Department of Electronics and IT shall […]
Third-party datacenters will overtake captive datacentres in growth over the next three years, according to CyberMedia Research. In a new report, the agency also puts the size of the India Data Center Services at Rs 11,800 crore. Data centres are buldings that host thousands of computers that are used to process large amount of data […]
Men may mock fairness ads targeting them, but underneath their pretensions, they all want to look good, according to India-based marketing-research firm NeuroFocus. “Males are restrained from expressing this deep seated need as a result of centuries of social conditioning, but there is clearly a primal drive to be perceived as desirable,” it said, announcing […]
Speaking for the first time on the issue of corruption after the agitation of the social activist Anna Hazare, Indian Prime Minister,Manmohan SIngh, talked about tough legislative and political action to combat the menace of corruption. Underscoring the present mood and anger of the nation against corruption Singh admitted that there is little tolerance among […]
The United States Chairman of the Joint Chiefs of Staff Admiral Michael Mullen has accused Inter Service Intelligence(ISI) of Pakistan for having close relation with the Haqqani terrorist network which is believed to be behind most of the attacks on foreign installations and individuals in Pakistan and Afghanistan. Talking to Pakistan based English daily Dawn,the […]
A new GreenPeace study has targeted India’s diesel-addicted telecom industry, estimating that it contributes around 2% of India’s green house gas emissions. The telecom towers and networks consume around 2 billion litres of diesel a year, release 5,600,000,000 kg of Carbon Dioxide or equivalent heat-trapping gas per year. “We expect the ICT sector to play […]
VentureNursery, India’s first angel-backed start-up accelerator has announced an investment in Mumbai-based consumer internet company Smursh Ecommerce, the owners of Klip.in. Klip.in helps users discover unique and interesting lifestyle products across the web by aggregating and curating them based on their social connections and interest graph. Klip.in covers over 5000 products curated from over 100 […]
India’s biggest industry association, the Confederation of Indian Industry (CII) has lauded the passing of the Companies Bill in Parliament today. The bill has many provisions that bring Indian corporate laws and regulations in line with what is in vogue in more developed economies like that of the United States and Europe. It protects employees’ […]
CRISIL has cut its estimate for India’s GDP growth rate to a decade-low of 4.8% for the current financial year ending March 2014, but it has pointed to a strong performance by agriculture. It warned that the infrastructure, capital goods, automobiles and real estate sectors are in for a tough time this year. “Agriculture is […]
Taking a potshot at rival Dish TV, Tata Sky has launched five more Asli (or true) HD channels, emphasizing that they are shot with real HD cameras. The new channels include Star Plus, Star Gold, Star Movies, Star World and National Geographic Channel and cover news and regional content also, it said. Tata Sky had […]
India has managed to convert nearly 20% of its potential for non-solar renewable energy to installed capacity, but is likely to miss its yearly target this year. According to numbers, the total non-solar installed generation capacity at the end of January 2011 was 18,800 megawatt, almost 1,000 megawatt short of the target. The government had […]
The biggest filer of technology patents in India is not an Indian firm, but the US chip-maker Qualcomm, India’s Controller General of Patents and Trademarks, PH Kurian has revealed. Kurian said IT and telecom companies accounted for 5,500 of the 39,500 patent applications filed in 2010-11 in India, but only 150 of these applications came […]
EvoTV, the Android-based streaming TV box from Amkette, has added support for the Times Group’s BoxTV – an online movie and video service. With the addition of the BoxTV app, EvoTV users can now watch scores of movies available BoxTV, such as Aashiqui.in, in their EvoTV. EvoTV is arguably India’s most popular independent Internet TV […]
India is the world number 1 in mobile advertising and gaming on BuzzCity, a Singapore-based mobile ad network. The country has beaten bigger rivals like the US and China in both mobile web advertising as well as in downloads of games. The number reflects BuzzCity’s own focus on the APAC market and may not true […]
Good news for the Indian IT industry as the first three big results have confirmed that attrition — which had reached disturbing levels 3-4 quarters ago, is finally coming under control. Both Infosy and TCS continued to post significant declines in attrition levels in the March quarter. However, HCL Technologies, the country’s fifth largest IT […]
