Alarmed by the increasing number of large projects falling foul of an ‘activist’ environment ministry, the largest industry forum in the country took its gripes right to the doors of the environment minister Jairam Ramesh. However, after holding closed-door discussions with top industry heads from the Confederation of Indian Industry (CII), however, said laws are […]
Worldwide PC shipments totaled 93.5 million units in the fourth quarter of 2010, a 3.1 percent increase from the fourth quarter of 2009, according to preliminary results by Gartner, Inc. These figures were below Gartner’s earlier forecast of 4.8 percent growth for the fourth quarter of 2010. “Overall, holiday PC sales were weak in many […]
Despite decent numbers, Infosys has put out a disappointing guidance for the March quarter – forecasting just 1-2% growth in revenues to $1.6-1.62 billion, compared to the 6% growth posted in the December quarter. The company seemed to be worried about the economy in general as well as with the currency fluctuations. “The weaker economic […]
HP has regained the crown as India’s number PC and laptop brand, nearly a year after it first lost the laptop crown to Dell. HP’s marketshare zoomed to 17.3% from below 15% during the previous quarter while Dell’s share hovered around the 14% mark. Acer remained at the third place at 11.5% during the quarter. […]
IT Bellwether Infosys Technologies has reported a 6% sequential jump in dollar revenues and a 6.1% increase in net profits during the December quarter, in line with expectations. Year on Year, revenues jumped 28.7% and profits were up around 19%. Total revenues were $1.585 billion and net income was $397 million.
State run fuel retailers have increased price of petrol by around Rs 2.5 per litre, barely a month after a Rs 3 per litre increase in response to rising international crude oil prices. Petrol is likely to cost around Rs 63 per litre in Mumbai after the hike. The hike was prompted by a global […]
Environment minster Jairam Ramesh has hinted at a more considerate policy towards companies in his post-reshuffle stint in environment ministry. Using his special powers to over-turn a rejection of forest clearance to one of India’s biggest iron ore mines in Jharkhand on Wednesday, he said as a minister, he had to take a broader view. […]
The Prime Minister of India announced a reshuffle and reallocation of portfolios in his ministry. RTN gives your the new ministers and their new portfolios: CABINET MINISTERS: 1. Shri Praful Patel : Heavy Industries and Public Enterprises 2. Shri Shriprakash Jaiswal : Coal 3. Shri Salman Khursheed : Water Resources and additional charge of Minority […]
It was meant as an opportunity to find the middle ground between a worried industry and an activist environment minister, but the interactive function organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) only highlighted the conflicting positions of the two. While FICCI heavy-weight and JK Paper MD Harsh Pati Singhania pointed […]
The Prime Minister of India has denied media reports that the commercial arm of the Indian Space Research Organization (ISRO) has allocated a large chunk of prime satellite and ground spectrum to a private company for a few hundred crores of rupees. The ISRO comes under the Department of Space, currently under the Prime Minister […]
In what will be music to netbook owners, the latest release of Debian Linux — most suited for netbooks due to its light requirements — can be copied directly to a USB stick for installation. Owners of netbooks, cheap notebooks that don’t always have a CD-drive, had been at a disadvantage as far Debian was […]
A press conference, intended to address media’s concerns over corruption and scams in the government, backfired after the opposition seized on statements made by the Prime Minister in the interaction. Opposition, including both the left and the BJP, attacked the three defenses put up by the PM when asked about scams. First, the PM Manmohan […]
Lavasa has asked for a six month extension to submit details of its hill city project near Pune. The government had, in an order a week ago, said that the firm should subject all details of its project report so as to come up with a plan to remedy any environmental degradation the company may […]
Sharad Pawar, under attack for failing to prevent price rise, has lost charge of Food and Consumer Affairs ministry. He will however retain charge of the Agricultural ministry as well as get new charge of Food Processing industry. The shift is seen as a repercussion of the allegations of conflict of interest between Pawar’s role […]
Two days after it pulled up state Urban Development officials for giving ‘environment clearance’ to the Adarsh Society without any jurisdiction, the union environment ministry has again lashed out against the state government, this time for issuing a clearance to the Lavasa hill city. In a long-winded order, the ministry headed by Jairam Ramesh pulled […]
Free clones of Red Hat Enterprise Linux have been increasingly left behind by the Debian-based Ubuntu, primarily because of the up-to-date nature of the latter. For example, Red Hat’s RHEL 5, on which most of the free clones such as CENTOS are based, was released almost four years ago. In comparison, Ubuntu refreshes itself every […]
The Ministry of Environment & Forests (MoEF) has ordered the embattled Lavasa Corporation to continue to abide by its earlier ‘status quo’ order, according to highly placed sources in the ministry. The ministry was supposed to reach a decision on the matter after conducting a site visit and inform the Bombay High Court as well. […]
New petroleum minister Jaipal Reddy has announced a cash compensation of Rs 25 lakh to family of Yashwant Sonawane, the Additional Collector of Malegaon, (Maharashtra) who was killed while trying to prevent oil pilferage. The oil companies were told to soon reintroduce the marker programme for PDS Kerosene, under which Kerosene is mixed with a […]
Finance minister Pranab Mukherjee said Indian government agencies have detected nearly Rs 49,000 crore of undeclared income and collected an extra Rs 34,600 crore of extra taxes. About Rs 15,000 cr was discovered in the last 18 months, Mukherjee said in an apparent attempt to mollify angry courts, a day before a crucial Supreme Court […]
Former telecom minister and BJP leader Arun Shourie hit back at telecom minister Kapil Sibal for raising aspersions at his stint as the telecom minister in 2003. Shourie mocked Sibal for trying to defend his jailed predecessor A Raja and said such efforts only served to drag the Prime Minister into the net. “He is […]
