Private Equity firms invested about $2,330 million across 82 deals during the quarter ended June 2013, according to early data from Venture Intelligence, a research service focused on private company financials, transactions and valuations in India. The investment amount was 17.7% higher than that invested in the same period last year ($1,980 million across 114 […]
Crisil Research said it expected industrial growth to continue to recover “somewhat” over the next fiscal year with the help of a normal monsoon and lower inflation and interest rates. The research wing of Crisil ratings agency said it continued to expect inflation to fall further and the Reserve Bank of India (RBI) to cut […]
There seemed to be not as much shock as expected from the surprisingly low 4.8% GDP growth number recorded for the March quarter. While industry associations took the chance to remind the government of the need to ease money flow into the economy, Angel Broking even said the current year growth will be only 5.8%, […]
Apparel Exports Promotion Council (APEC) of India has urged the government to either ban the exports of cotton from India or allow Indian garment makers to import cotton at zero duty, to offset the increasing prices of raw materials avoid further job losses. Speaking on the full-year numbers for apparel exports from India, Chairman Dr […]
Close on the heels of a controversy set off after a fiesty blogger was denied an Aadhar card because she didn’t wear a ‘dupatta’ (shawl), the Planning Commission of India has said that there is no ‘dress code’ for Aadhar photographs. In fact, the Commission’s Unique Identification Authority of India (UIDAI) even went to the […]
The Indian Institutes of Technology (IITs) want to go for permanent foreign teachers, the Union Ministry of Human Resources Development said in a statement. The IITs, one of the world’s leading technology education brands, are currently facing shortage of qualified teachers. They are currently allowed to appoint temporary teachers from abroad to tide of the […]
Once the darling of the Indian stock markets, India’s biggest education tools provider Educomp Solutions Limited has been downgraded by ratings agency India Ratings & Research on account of declining revenue and profits. “Educomp has reduced the pace of its growth in the hitherto upfront capital intensive smartclass business (multimedia education to private schools) as […]
Eleven states have agreed to allow foreign direct investment (FDI) in retail in India, according to the a statement released by the central government today. The states that have agreed to allow 51% FDI in retail are Delhi, Haryana, Maharashtra, Rajasthan, Andhra Pradesh, Assam, Himachal Pradesh, Uttarakhand, Jammu & Kashmir, Assam, Manipur and Daman & […]
Consumers may be flooding the Telecom Regulatory Authority of India (TRAI) and other organizations with complaints about Mobile Number Portability (MNP), but the TRAI is yet to impose even a single fine on a telecom operator in this regard. According to a statement by the Department of Telecom, the TRAI has never imposed a fine […]
Nokia will launch its first Windows smartphone in around 12 months from now, and not 2 years as is being widely reported, its head for India D Shivakumar said in Delhi today. He said the new phone will tightly integrate with the rest of Microsoft’s services such as Bing Search, Zune music player and Facebook, […]
How much does Facebook care about Freedom of Expression? This is the question a group of liberals in the southern Indian state of Kerala are pondering over after their ‘Free Thinkers’ group has been ‘made unavailable’ by Facebook repeatedly. The group was among the top 20 or so from India until it was blocked by […]
Growth in India’s per capita National Income fell to nearly a decade low in the last financial year, and may have plowed even lower this year, according to numbers from the Economic Survey of India. Per capita net national income grew by just 4.7% in 2011-12, compared to 7.2% in the previous year and 6.8% […]
The Business Confidence of India Inc has taken a beating in the last few weeks and more so in the last 10-12 days as the foreign institutional investors which were single-handedly keeping the capital market alive have started withdrawing posing a big question on the source of financing the country’s wide current account deficit, an […]
Improvements in global economic environment, particularly in the US, recovery in exports, normal Monsoon and bottoming out of the industrial expansion are the strong reasons for revival of the Indian economy, which is very likely to grow a shade above six per cent in the current financial year, an Assocham Economic Outlook Report has pointed […]
Thanks to a relentless increase in Diesel prices by state-owned retailers, waiting periods of petrol cars in India have zoomed to weeks, or in some cases – months, in recent days. Among the cars that have become nearly impossible to get at short notice are the Maruti Suzuki Ritz and Swift, and to some extent, […]
Some good news was released on the IIP (Index of Industrial Production) front today, with India’s core industries growing slightly faster in January than in the previous two months. The index for core industries — such as energy, steel, cement and fertilizers — was up 3.9% in January. The sector has a weightage of about […]
LG has launched two new models of smartphones – one, an overpriced 4.3-inch dual core device and the other a (sort of) decently priced 3.2 inch smartphone. Before you wonder what is so special about these, let’s break the suspense – almost nothing. But if you’re a great LG fan and you wanted a small […]
It is rare for a telecom company to come out with a press release announcing an across the board tariff increase, but in an era of beaten down stock valuations, companies are taking desperate measures. Reliance Communications, one of the companies that has the lowest stock valuation compared to its revenue and earnings, has announced […]
Despite challenging economic conditions, the enterprise software market in India is projected to reach $3.92 billion in 2013, a 13.9 per cent growth over 2012 revenue of $3.45 billion, according to Gartner, Inc. Last year, overall Indian enterprise IT spending, which includes hardware and services — in addition to software — was forecast to increase […]
Indian brand iBall has made a name for itself in the domestic tablet market with its slide series. While not exactly a Samsung Galaxy beater, the iBall Slide series has been perhaps the best local brand of tablets so far, compared to the likes of the HCL, Spice and Videocon. The latest launch in the […]
