Close on its acquisition of Waze, an Israel-based mapping company, Google is all set to launch a new ‘intelligent’ version of its Google Maps product. The new product will focus on three things – an overall improvement in the quality and sophistication of the product, artificial intelligence and a more ‘social’ experience. In the new […]
The consistent weakness in India’s core industries, particularly electricity generation and mining, does not bode well for the overall economy, Crisil Research, a unit of Crisil Ratings Group, warned. According to IIP (Index of Industrial Production) numbers, India’s industrial output grew just 0.6 percent in February, a tenth of what would be considered an acceptable […]
iBall is fast making a name for itself as the first Indian brand to come up with tablets having the latest technology. It made an impression becoming one of the first to launch dual-core tablets in the Indian market. Not only was the i9702 powered by the then-latest dual-core RK3066 chip, it also came with […]
Wipro Ltd, one of India’s top four IT, Consulting and Outsourcing company said it would triple its employee strength in Germany over the next three years by hiring over 1,000 professionals. In all, Wipro has about 140,500 employees, most of whom are in India. “Wipro has been supporting customers in the German market for over […]
India’s grid-connected renewable energy deployment, mainly solar and wind, has reached 27 gigawatt (GW), according to a top official of the ministry of new and renewable energy. India’s total grid connected power generation capacity is about 215 GW. However, it must be noted that actual power generated by renewable sources would be much less than […]
It should come as no surprise for those familiar with the Indian market, but now there are numbers to prove it. In a analysis of comments made by people on social media, research firm Simplify360 found 65% of the comments to be negative. “Though Blackberry received considerable attention of the online social media users, the […]
The Index of Industrial Production (IIP) grew at 2% in April, compared to 2.5% in March. Following are comments from analysts and industry bodies. CII “While industrial production has shown some signs of improvement, the growth triggers which would pave the way for a sustained recovery have yet to become apparent,” said Chandrajit Banerjee, Director […]
Russia’s Sistema Shyam Teleservices (SSTL) has bid for 8 out of the 22 license regions in the ongoing 800 MHz CDMA spectrum auction in India, according to sources. The company, which operates CDMA-based telecom services under the MTS brand in India, had earlier told subscribers in 10 license regions (called circles) to switch over to […]
The Assam division of ONGC, which contributes about 3.7% of the company’s total production, failed to meet its gas sales target during last financial year due to a lack of demand, the oil and gas producer said. The company is India’s biggest gas producer, accounting for about 75% of India’s total production, but has seen […]
In a major push to market development in Latin America, Government has removed the upper ceiling with regard to eligibility for Market Development Assistance (MDA) for participation in Buyer-seller Mission BSMs/fairs/exhibitions abroad to explore new markets in focus countries of Latin America for export of their specific product(s) and commodities from India in the initial […]
India’s National Association of Software and Services Companies (NASSCOM) has received an overwhelming response to its start up funding program. No less than 14,000 wannabe entrepreneurs registered. In all about 4,000 applications were received for funding. Early stage funding is typically called ‘angel funding’. Out of the total applications received, close to 23 per cent […]
Cairn India, the majority-owner of the Rajasthan block that produces a fifth of India’s crude oil, expects to drill 100 new exploration wells in Rajasthan over the next three years in search for new oil deposits, the company said. The company currently produces about 175,000 barrels of oil per day (8.5 million tonnes per year), […]
Even as the Law Ministry and the Sports Ministry are engaged in fine tuning a draft law to prevent manipulation of matches, the Sports Ministry has come out with an appeal for BCCI President N Srinivasan to step down. In a statement, the Youth Affairs and Sports ministry said Srinivasan should step down on ‘moral […]
The Indian constitution prohibits giving reservation on the basis of religion, the central government told Sabir Ali, a Rajya Sabha MP from Bihar. In a question to the government, Ali had pointed out that paragraph 3 of the Presidential Order of 1950 that granted reservation for Scheduled Castes in India specifically mentions that reservation is […]
Standard & Poor’s Ratings has given a negative outlook on India’s biggest oil and gas producer, ONGC. Though Oil and Natural Gas Corp. Ltd would have qualified for a higher rating than ‘BBB-‘ based on financials alone, its close links to the Indian government creates a risk factor, S&P said. “The sovereign credit rating on […]
The Shunglu Committee, which went into the award of the coverage contract for the recently concluded Commonwealth Games has fixed the ‘fair value’ of the Rs 246 crore contract at just Rs 100 crore. It has therefore, asked the government to recover “excess amounts” paid to the company or payable to it. The UK-based firm, […]
Amazon has listed its six-month old Amazon Kindle Fire HD 8.9 inch tablet for sale on its Indian website on Thursday, and we do a hands-on review of the product. First things first – Amazon Kindle HD has been unofficially available in the Indian market for about three months now. However that came with a […]
In line with similar tie-ups between certain operators and Facebook, Reliance Communications’ GSM service has tied up with Twitter to offer free data access for 90 days for using the messaging service. ‘Reliance Twitter Access Pack’ is a promotional offer for a period of 90 days during this T20 cricketing season which comes bundled for […]
Notwithstanding pull-back in the past two days, gold prices may fall further in India and may even go down as low as Rs 25,000 per ten grams in the short to medium horizon of 12 months as the yellow metal is losing appeal as an asset class in favour of equity, for now, according to […]
Students proposing to go abroad for higher studies becomes one of the victims of the weakening rupee as if dollar remains around Rs.60/-, the impact shall be 15% to 20%, according to the ASSOCHAM. While releasing the ASSOCHAM assessment Mr. D S Rawat, Secretary General ASSOCHAM said, Indian students who are going abroad for their […]
