India’s current account deficit hits all-time high at 5.4% of GDP in Q2

India’s current account deficit (CAD) reached an all-time record of $22.4 billion in the quarter ended September 2012, even as capital account inflows rose sharply in reaction to government’s economic reforms, according to Reserve Bank of India numbers compiled by Crisil Research. Current account refers to ‘permanent’ movement of money into the country, such as […]

China, India to see fastest mobile ad growth, global market to grow 19% in 2013

China and India will be the hottest markets for mobile advertisements in the immediate future as an exploding smartphone and tablet population in these countries are targeted by brands, Gartner has predicted. The research agency also admitted that the growth of mobile advertisements has been faster than it initially anticipated, partly due to the rapid […]

Indian tablet market doubles in 3 months; Samsung retakes lead, Apple slips

Sales of tablets doubled in the July-September quarter in India, compared to the previous three months, as shipments of Samsung’s tablets almost quadrupled, research firm CyberMedia Research (CMR) said in its quarterly report. According to CyberMedia Research estimates, total shipments for the India Tablet PC market are expected to close at 3 million units in […]

Ramco inks cloud-computing deal with Dubai’s Emirates Engineering

India’s biggest cloud computing company, Ramco Systems, has inked a deal with Dubai-based Emirates aviation group for supplying cloud-based services to its engineering group. The revenue size of the deal, involving Ramco’s ‘Aviation Suite’ of software, was not disclosed. The suite of cloud-based software offers complete ERP functionality including HR, Finance, and Materials. “We have […]

S Jayaraman to be India’s new Special Secretary in charge of Internal Security

S Jayaraman, a 1977 IPS officer, has become arguably the second most powerful officer in India’s security and intelligence circles with his appointment as the “special secretary” in charge of internal security in the ministry of home affairs. He succeeds Ajay Chadha, who recently moved to head the Indo-Tibetan Border Police (ITBP). Chadha was also […]