The telecom and media regulator TRAI has taken the first step in imposing ownership controls in India’s fast-growing media sector. In a consultation paper on ‘cross media holdings’, the TRAI has suggested different approaches, all of which will make sure that a single media house will not be able to have extensive or dominating presence […]
India has a 50-50 chance of being a ‘break-out nation’ economically, Ruchir Sharma, managing director and head of emerging markets and global macro, Morgan Stanley said at an event held in New Delhi today. Being at the right stage of its reform cycle coupled with a healthy investment to gross domestic product (GDP) ratio and […]
International Data Corporation or IDC, the market research firm said it has “slightly downgraded” its expectations for the ERP market in India due to a “continued mindset of caution and tactical investments” among organizations in India. ERP or enterprise resource planning software provides large organizations a ready made way of keeping track of different assets, […]
Kerala emerged on top in per capita spending on non-food items, while Gujarat is the fastest growing, according to a survey by industry chamber Assocham. Haryana emerged on top in terms of expenditure on food-items. The numbers seem to indicate that Keralites, and South Indians in general, spend much less on food compared to others, […]
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 […]
The coming financial year would be bad for Indian banks, but things could improve in 2014-15 as economic growth picks up and their condition would improve, ratings agency Standard & Poor’s said. It predicted a loan-growth of 16%-17% for 2013-14, in line with its projection for the current financial year ending next month. Indian banks […]
Olivea Travels, India’s first and only ultra-luxury bus service, is offering 24-hour a half-price sale on its Bangalore-Chennai bus route in association with US deals website Groupon. The Rs 1,400 ticket will fetch you an experience including a multi-cuisine and beverages service, an on-board “luxury” toilet, a 10-inch TV with live DTH service, and WiFi […]
Days after finance minister P Chidambaram took to the internet to address live questions from the people about the budget, it is the turn of Planning Commission Chairman Montek Singh Ahluwalia to face questions from the public. The event, to be held today at 5 pm, will also feature other top officials from the Planning […]
The telecom regulator has mooted the idea of having a single emergency number, like 911 in the USA, in India. In a new consultation paper, the Telecom Regulatory Authority of India (TRAI) has suggested bringing different emergency services like the police, ambulance, fire brigade, civil defense and disaster management under the same access number. Currently, […]
When Micromax Canvas HD A116 hit preorder last month, it ensured such a frenzy among the mobile-crazy that the phone is still out-of-stock on nearly all online stores and major retail outlets in India. Perhaps it was to be expected — after all, for nearly a year, the only quad-core smartphone in India, the Samsung […]
It is mistakenly called LG’s answer to the Samsung Galaxy S3, but the new LG Optimus G is clearly a superior phone to the Samsung model though it is priced Rs 2,000 more. LG said it is launching the Jelly Bean 4.7-inch Optimus G two days after the phone actually started showing up on retail […]
The tussle between the Centre and the DMK over the Sri Lanka Tamils issue is fast turning nasty, if one reads between the lines of home minister P Chidambaram’s response to DMK’s move to withdraw support to the central government late yesterday. In a statement that contained as many hints as information, Chidambaram today said […]
The Kerala High Court has also directed oil distribution companies like Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation to supply diesel to the Kerala State Transport Corporation at subsidized rates. The Madras High Court had, yesterday, asked the companies to supply subsidized diesel to the local transport corporation. KSRTC is currently getting […]
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 […]
The international version of Samsung Galaxy S4, the first phone to feature the ‘Big.Little’ eight-core architecture from ARM, is likely to launch in India on May 1 and carry a price tag of Rs 45,000, according to indications from retailers taking pre-orders for the super phone. “Expected date of launch in India is 1st May […]
The association of telecom operators like Reliance Communications, Tata Teleservices etc has opposed the move to allow wireless broadband operators such as Reliance Industries’ Infotel from offering voice services. The Association of Unified Services Providers (AUSPI) said the Telecom Commission has decided to allow the holders of BWA (Broadband Wireless) spectrum to offer voice services. […]
