New investment in India’s booming real estate sector fell to Rs 42,000 crore in the last financial year from 92,600 crore a year earlier, industry lobby Assocham said. Real Estate investments are an indicator the prevalence of money supply in the economy. Typically, most ‘surplus’ money tends to go into the real estate sector in […]
If you are curious about what NR Narayana Murthy has in store for Infosys Ltd, the IT company is planning to live webcast its annual general meeting that will happen in a week’s time. The webcast will start at 3 PM on Saturday, June 15, and be accessible on the outsourcing company’s website, infosys.com. Infosys […]
Blackberry maker Research in Motion (RIM) may not have to cough up an elaborate caching and monitoring system for its enterprise customers as feared. Replying to a question in the Rajya Sabha, deputy communications minister Sachin Pilot said the government is free to check out the mails at the premise of RIM’s corporate customers, rather […]
Government of India does not have its own equipment to measure electromagnetic radiation from cellphone towers, Junior Minister Milind Deora has told the Parliament. According to the minister’s statement, the government depends on the equipment provided by telecom operators to measure the level of radiation emitted by their towers. “.. The test tools provided by […]
The Indian mutual fund industry achieved a milestone in May as total assets under management hit a record high, but things were less rosy for the crucial equity sector. Equity assets under management declined for the 11th time in 12 months as the stock market continued to be caught in a sideways movement. “Equity funds […]
The Prime Minister’s office clarified that the two member committee inquiring into the Antrix-Devas deal has submitted its report. The report has been forwarded to the Cabinet Secretary, the highest official in the central government, for his comments within 15 days. The PMO statement, however, was quiet on the contents of the letter, but media […]
The number of corruption-related complaints to the Central Vigilance Commission (CVC) – the government’s in-house anti-corruption body, jumped 66% in 2012, numbers show. A total of 29,559 complaints were filed with the CVC in 2012, or about 94 complaints per day. In 2011, the total number was 17,830. India has about 1.7 million central government […]
The number of students qualifying to the second round of the Annual Google Fair from India saw a drop this year, with only 11 out of the 90 finalists being from the country. In comparison, the number of selections from India was about 15 last year. In fact, in 2012, Indian kids had swept up […]
Do you shudder at the Rs 35,000 price tag on Samsung Galaxy Note, and wished it would come cheaper? Have you ever considered buying the 6-inch Karbonn A30 because of its large screen, but was put off by the low resolution and the lack of brand value? Have you considered buying a 7-inch tablet to […]
BenQ, one of the top monitor brands in the country, has launched a 24-inch high-end gaming monitor with features such as very high refresh rates and response time. The monitor, priced at Rs 22,000, has a full HD resolution, and is targeted mainly at gamers. It also supports 3D. BenQ, based in Taiwan, is claiming […]
MTS, the Russian operator with a Pan India license, will offer a free HTC Android handset free with new connections if customers agree for a minimum bill size of Rs 1,500 every month. The company is the first player in India to offer the ‘American style’ bundling facility. Almost none of the Indian operators offer […]
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 […]
