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 […]
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 victim in the infamous Suryanelli serial rape case scored a slight victory today after a district sessions court in Kerala differed with a lower court’s decision that a new case cannot be filed against Rajya Sabha deputy chairman PJ Kurien. In light of new revelations and proof dug up by the Malayalam media, the […]
In a surprisingly low-key launch, Google has introduced movie rentals and paid downloads in India on its Youtube website a few hours ago. Google had started tying up with studios in India (and abroad) more than a year ago, but so far, all the offerings on Youtube’s movies section had been free to watch. As […]
A total of 102 telecom towers (base stations) were found to be violating the new norms for electromagnetic radiation (EMR) set by the government of India in checks conducted since September last year. The government had told GSM and CDMA mobile operators in India to cut the maximum strength of their cell towers by 90% […]
A survey by industry lobby Assocham has found that most top corporate executives in India expect sales to pick up over the next six months due a recovery in the economy. The body, which has called for the Reserve Bank of India to cut key interest rates and dismissed concerns of price inflation, said companies […]
Even as India’s Attorney General Goolam Vahanvati told the Joint Parliamentary Committee (JPC) that minister A Raja altered his version of the press release announcing inviting applications for spectrum in early 2008, the government has said it is not sure about the matter. Replying to a question by TDP Rajya Sabha member CM Ramesh, junior […]
A long standing and bitterly fought battle over ‘call termination charges’ between big operators on the one side and smaller operators on the other is drawing to a close. The end of the legal battle may also bring down call rates for consumers to the 10-15 paise per minute range from the current 28-40 paise. […]
Worldwide PC shipments totaled 79.2 million units in the first quarter of 2013, a 11.2 percent decline from the first quarter of 2012, according to preliminary results by Gartner, Inc. Global PC shipments went below 80 million units for the first time since the second quarter of 2009. All regions showed a decrease in shipments, […]
GDP growth is unlikely to meet Government’s expectations for a 6.1-6.7% growth next financial year, Angel Broking has said, pegging the number at a more realistic 5.7%. The toned down expectation may be the result of previous experience. For example, last year’s Economic Survey had predicted a GDP growth of 7.6% this year, but the […]
An estimated 25 lakh foreign workers, including lakhs from India, will be forced to return to their home countries after Saudi Arabia decided to stop the practice of issuing ‘free visas’. “Free visas” allow subjects of Saudi Arabia to bring (or sponsor) workers from abroad under more relaxed rules, and often send them off to […]
The government has given more details of the ambitious Delhi-Mumbai Industrial Corridor or DMIC, and the first phase will be complete by 2018, it said. The DMIC is India’s attempt to catch up with China in industrial development, especially manufacturing. The seven built-from-scratch are being developed with the co-operation and investment of global giants like […]
