In an extraordinary move, Sistema Shyam Teleservices, the majority owned Indian subsidiary of Russia’s AFK Sistema and the owner of MTS brand, has said it will reveal its quarterly and full-year financial result on Friday. The company is not listed on any stock exchange and is under no legal obligation to make its financial details […]
Intel led the world semiconductor (or chip) market in 2010, though its share fell from 14.6% to 14% as competition from former cell-phone chip makers intensified. According to Gartner numbers, the chip industry grew by a whopping 30% in 2010 to almost $300 billion — making it not only one of the world’s largest industries, […]
Telenor Group has requested Sanjay Chandra, the MD of the Unitech group, to step down as chairman of its joint venture mobile company, Unitech Wireless, the Norwegian company said in a statement. It had earlier this month sent a letter to Unitech Ltd., requesting Sanjay Chandra to step down as Chairman of the Board of […]
Nearly 10 million (1 crore) cable customers in several cities in India are likely to miss their favorite programs on the Star, NDTV, Fox and MGM channels due to a spat with the Hinduja-owned group. Star DEN, the distribution venture of Star India and DEN Networks, said it is likely to stop services to Incable […]
The Supreme Court decision to quash the order of the Telecom Tribunal which in turn quashed the a pricing order of the TRAI is unlikely to make much difference to the ordinary consumer. In July last year, TRAI, the telecom and broadcast regulator, had stipulated that DTH operators need to pay only 35% of what […]
External Affairs Minister Somanahalli Mallaiah Krishna,who reached Kathmandu today on a three day trip to Nepal, reiterated India’s commitment for a democratic and stable Nepal. In a statement he said that “I would like to convey to the leadership of Nepal that India is committed to working with the people of Nepal for a democratic, […]
While the world is focused on the global Outsourcing market (in which India has a 60% share,) the domestic market in India has jumped by a whopping 29% in one year, research firm Gartner said. It further predicts the market will jump another 23% to hit #1.4 billion (Rs 6,400 crore) by the end of […]
The Jharkhand Police is probing the leak of the state budget to the media even before it was announced in the Assembly, Pranab Mukherjee, minister of finance at the Centre, has told a Parliamentary Committee. Responding to a query by the Committee, Mukherjee said the Ranchi Edition of Dainik Jagran newspaper had published details of […]
A quiet digital revolution is on in the countrysides and bylanes of India. Despite having one of the world’s lowest PC penetration (at just 1%), hundreds of millions of Indians are logging on to the Internet through their humble, tiny mobile phone. The latest ‘state of the mobile web’ report from Opera, whose browser accounts […]
The Indian Premier League or IPL, the country’s most successful domestic sports event, has broken its exclusive deal with Google-owned Youtube and decided to partner with Bennet, Coleman & Company’s Indiatimes as well for the current season. Google had managed a unexpectedly successful debut for the first live webcasting of any major sports event in […]
An important new recommendation made by the Telecom Regulatory Authority of India (TRAI) may unleash the era of the “small scale” or “boutique” telecom brands in the country. It will also offer a way for the new telecom operators — who don’t have the appetite or funds to start operations in India’s hyper-competitive mobile market […]
Fruits and Petrol led the items seeing highest rise in wholesale prices during the first week of April, according to the latest data released by the government. Price of fruits went up by 25% compared to the same week a year ago, while petrol prices were up 22%. Overall, inflation in primary articles — which […]
Gaz guzzling SUVs giving 5 km to the litre may soon become a thing of the past in India, as the government prepares to notify India’s first fuel-efficiency norms in a few days. Even before the notification, however, the norms are under fire from environmentalists. The Centre for Science and Environment (CSE) has termed the […]
Traditional outsourcing firms, such as Infosys and TCS, may need to pay attention to the ‘depth’ of their professionals as companies are increasingly disappointed with outsourcing partners and are mulling going back to captive centres, according to a report. According to a report on the ‘re-emergence’ of the captive center by Forrester Research, more and […]
Important recommendations made by the Telecom Regulatory Authority of India on Wednesday. Reduce VAT on mobile handsets, increase duty on imported handsets Service providers to declare their carbon footprint half yearly, cap placed on power consumption of mobile towers Operators should reduce Carbon emissions by 8% by 2012-2013, 12% by 2014-2015, and 25% by 2018-2019 […]
IMD expects monsoon to be normal this year for June to September. It sees a very low probability of seasonal rainfall to be deficient. Rainfall, on an average will be 98% of long period average, from 91-2000. IMD said the cooler than normal summer or intermittent rainfall in North India has not been correlated with […]
Jairam Ramesh’s environment ministry has said that it will await the decision of the Bombay High Court before proceeding with the demolition of the Adarsh Society building in Mumbai. Responding to the decision by Bombay High Court on Wednesday to take more time to arrive at a judgement, the ministry said it too shall wait […]
After setting itself a modest target of growing its exports by just 15% to around $200 billion, India beat the target by a margin of 23%. In the end, the rising goods exports also helped bring down the trade deficit — the shortfall between exports and imports — to just $104.4 billion against the upper […]
Gartner, one of the world’s top two IT forecasters, warned of a slowdown in computer sales this year after disappointing data for the March quarter. Against an expected 3% growth (compared to March quarter of 2010,) it found a decline of 1.1% in the preliminary numbers this year. “Although the first quarter is traditionally a […]
Mandriva, formerly known as Mandrake Linux and one of the most user friendly flavors of the operating system, has released the second beta of its 2011 edition, the first after most of the development activity shifted to Brazil late last year. Mandriva’s parent company, which had been facing financial problems, moved to Brazil and shut […]
