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 […]
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, […]
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 […]
Hit by cut-throat competition and mounting losses, online retailers like Flipkart and Snapdeal in India have taken a big step towards rationalizing their offering — they have stopped offering free shipping for orders worth less than Rs 300. The move follows relentless competition in the fast-growing field, which forced these companies to offer ultra-low prices […]
If you thought the Indian Railways was getting more unsafe for women, you are not off the mark. Numbers relating to the number of registered sex crimes committed against women in Indian Railways have shown a sharp increase in the last three years — a period when mostly Trinamool Congress chief Mamata Bannerjee and her […]
It’s bad news on the face of it, but a closer look at the wholesale price inflation (WPI) numbers released today reveals that things are not as bad as they appear, and chances of an interest rate cut by RBI are not totally absent. Government numbers released today revealed that the rate of price increase […]
