The Indian mutual fund industry’s month-end assets under management (AUM) posted its fastest month-on-month percentage growth since April 2013 and was up by nearly 12% to Rs 8.34 trillion (Rs 8,34,000 crore) in October. The rise in AUM was primarily due to total net inflows of Rs 663 bn with liquid / money market funds […]
The Associated Chamber of Commerce and Industry of India (ASSOCHAM) has called the government’s move to set up the seventh pay commission to look at increasing salaries of government employees ‘out of turn’. It warned that such a move would lead to pressure on the state governments and the private sector to increase salaries, leading […]
India’s exports kept up the pace for the fourth straight month by expanding at 13.5% -a 24 month high. Imports too declined in Oct’13, though the pace slowed down a little. Non-oil imports declined by 22.8%, with oil imports posting a marginal pick-up in growth. Cumulative trade balance was at $90.7 billion during Apr-Oct’13. “The […]
Ultra HD TVs that offer four times the resolution of full HD TVs are likely to become more affordable in India this festival season, with local brand Videocon all set to hit the market. At present, Ultra HDTVs, such as the Sony XBR-84X900 (Rs 16 lakh) cost more than eight times what a similar full […]
Microsoft revealed the results of a startling study of the banking sector in India today. Conducted by Ascentius Consulting, the study revealed that some 34,115 Indian PSU bank branches are at risk, thanks to their reliance on Windows XP. Windows XP will no longer be supported by Microsoft beginning April 08, 2014, but the study […]
The latest index of industrial production (IIP) numbers indicate continued stagnation in the economy, Crisil Research has said. Numbers released today revealed that the the IIP grew at a slower pace of 0.6 per cent in August as compared to 2.8 per cent in the previous month. “Excluding the exceptionally high growth of over 25 […]
In what has to be the biggest Wikileaks revelation so far to hit the government, a cable written just before the 2008 trust motion against government gave lurid details of bribing of MPs. Here is the extract: “On July 16, PolCouns [Political Counsel of the US Embassy] met with Captain Satish Sharma, a Congress Party […]
India may be headed for its highest ever foodgrain production and it will further ease India’s external trade deficit, Deutsche Bank Equity Research India has said. It said India was heading for a record food production thanks to the abundant monsoon rains this year. “Based on our analysis of foodgrain production estimates of individual states, […]
The first of Intel’s latest generation low-cost all-day computers based on the Bay Trail platform have hit the Indian market, starting with the two-in-ones – Asus Transformer Book T100 and HP Pavilion Touchsmart 11-H009TU. While the Asus Transformer Book T100 hit stores, including Reliance Digital, on Thursday, the more costly HP Pavilion Touchsmart 11 has […]
“TCS stuns street,” proclaims the Financial Express, reporting the 5.4% quarter-on-quarter revenue that India’s biggest IT firm reported for the September quarter. But a look at the finer print reveals that TCS’ results, while not bad, are not really that much better than what analysts had expected. For example, the biggest criterion by which performance […]
Toyota reported a 12% jump in India vehicle sales in November compared to a year ago, but India sales declined year on year. Most of the increase was because of strong exports. India sales fell by about 1.4% to 10,208 vehicles in November. November numbers are a reversal for the maker of Innova and Etios […]
Wipro, one of the top India-based IT services providers, said it has seen good potential and traction for open source software among its enterprise customers. The company, which announced a 2.7% quarter-on-quarter rise in its dollar revenue for the September quarter today, mentioned open source adoption as one of the key trends it is seeing […]
Harley-Davidson, arguably the world’s most popular cruise bike brand, has sold 4,000 of its bikes in India in the first three years of its operations in India. The company, which opened its first dealership in July 2010, opened its 12th showroom in the country in Panaji, Goa. “Buoyed by the positive response of customers across […]
One of the interesting insights into the results reported by Indian mobile companies in the last two weeks is the slowdown in growth. Idea Cellular, which was the most aggressive in hiking call tariffs, saw the biggest decline in growth, while Bharti Airtel, which was the least aggressive in raising call rates, saw the least […]
The fledgling political party started by activist Arvind Kejriwal got off to a good start, with both BJP and AAP leading in 2 seats each according to the initial trends in Delhi Assembly polls today morning. Delhi was set for a hung assembly, with BJP coming up with 32-33 seats, AAP with 22-23 seats, Congress […]
Acer has launched four new monitors – KX 1563, KX 1853, HX 1953 and FHX 2153 – under its lower-price Gateway brand in India. Gateway has been Acer’s brand for the cost conscious and first-time buyers, and has largely been confined to notebooks so far in India. Acer has a strong marketshare in the monitor […]
A lot of people were wondering whether there would be any future for the Aam Aadmi Party (AAP) if they failed to win at least five seats in the Delhi Assembly elections. Some of that worry dissipated when the exit polls predicted the party to win 10-20 seats out of the total 70. But the […]
Peter Burleigh, the former interim ambassador to India, was much impressed with Rahul Gandhi whom he called a “young man in a hurry.” Burleigh, who met Rahul in 2009 after a “long-standing request for an appointment,” dismissed the idea that the Gandhi scion was a “dilettante” (amateur) and was impressed with his party-building ideas. “Gandhi […]
It was a big victory for Apple in one of the biggest telecom markets in India as it made its first real deal with an operator here to sell the latest iPhone 5S and 5C under contract. Apple had been trying for years to get any prominent mobile operator in this country of 1.2 billion […]
As new netbooks and tablets based on the latest generation of Intel processors trickle in, one thing is clear — Intel has overhauled its naming conventions for its products, and all the new chips promise all-day battery life. The new chips comprise of two broad architectures – Haswell and Silvermont (Bay Trail). The other big […]
