Mamata once again reiterated her demand for a “minimum 24” gas cylinders per year for each family in India. She said the government’s assertion that an average family needs only 1 cylinder every two months is a “mockery.” “You ask your wife, anyone.. how many cylinders are used.. You need at least two a month,” […]
Axis Bank has beaten others like HDFC and ICICI in the number of ATMs in India, a report by Assocham, based on numbers from the Reserve Bank of India, said. Among the private sector banks, Axis Bank has the largest ATM network in July, 2012, followed by HDFC Bank with 9709 such machines and ICICI […]
Global credit rating agency Standard & Poor’s has cut its GDP growth estimate for India by 1 percentage point to 5.5% and for China by 0.5 percentage point to 7.5%. The cut in India’s outlook was prompted by poor monsoon and negative investor sentiment, while in China’s case, it was caused by the Central Government’s […]
The amount of money sent by Indians working abroad to their family in India rose 19% last year to $66 billion, according to numbers collected by industry body Assocham. In rupee terms, the rise would be even higher as the value of the dollar has risen by about 25% (versus the rupee) over the last […]
Idea has launched a new dual-SIM smartphone called ‘Aurus’, with Android 2.3 (Gingerbread) OS, 800 Mhz processor and a 3.5 inch multi-touch screen display. The phone is priced at Rs. 7,190, but also carries about Rs 2,100 worth of talktime and other goodies from Idea Cellular. “With its large, bright screen, it is the perfect […]
Bharti Walmart, the joint venture between Bharti Enterprises and Walmart, has extended its training efforts to South India from its core market, Punjab. It established its first “Skill Centre” at the Peenya ITI in Bangalore, indicating the joint venture between Bharti and the World’s largest corporation is serious about its expansion plans in India. Bharti […]
Dell has launched four new models of LED-LCD monitors in India, starting from 21.5 inch to 27 inch. Dell did not mention the prices, but said the ‘S’ series monitors will soon be available on its India website for order. All four models have full HD resolution. In addition, at least three of the four […]
The era of virtual reality 3D goggles may not be far away with advances in small-size displays such as the latest half-inch panel from Seiko Epson Corporation. Aimed primarily at replacing reflective-lens-based viewfinders in digital cameras, the 0.48 inch color display has a resolution of 1024 x 768 pixels. In all, there are about 786,000 […]
Akai has launched one of India’s cheapest large-screen LED TVs – the 29-inch LED29E12 priced at just Rs 21,990. In comparison, the cheapest 32-inch LED model (not full HD) from Samsung costs Rs 29,000. According to the specifications, the Akai model may not have full HD resolution either, as the resolution has not been specified. […]
If you are worried by the rising petrol prices, you may have relief in sight, according to a study by Assocham. Dollar, which rose to the current Rs 53-57 level at the beginning of this year, is likely to drop below Rs 50 in less than three months, a study by the industry association claimed. […]
Google’s ‘Entrepreneur Day’ is coming to India, or more specifically, Delhi. Part of its new ‘Google for Entrepreneurs’ program, the one-day event is aimed at getting technology-start ups more clued in to what the market wants, what works and what doesn’t, what tools are available and towards building a broad partnership. It is holding various […]
The iPhone 5 may be officially launched in India only by the year-end, but private sellers are already offering the latest model from apple at a price of Rs 59,990 on ebay. The pricetag, for the 16 GB version, is about 40% higher than what the iPhone 4S 16 GB model sells for in India. […]
Arvind Kejriwal’s party politics is going to be a mix of idealism, populism, socialism and perhaps a few impractical, if well-intentioned, ideas. Kejriwal’s India Against Corruption unveiled their new party manifesto in Delhi today, highlighting eight main goals and demands for the new party. The eight demands are as follows – 1) A more direct […]
Research agency CRISIL warned that Indian banks may be forced to restructure a larger proportion of their outstanding corporate debt than initially expected, due to the drying up of short-term credit. It issued the warning as it hiked its estimate for the amount of loans likely to be restructured in the remainder of this year […]
The National Association of Software and Services Companies (NASSCOM), India’s biggest IT and BPO industry body, has identified ‘marketing analytics’ as a core growth area for the industry. According to a report released by the association today, the industry is expected to grow at an average of 25% every year till 2020 to reach $1.2 […]
Bharti Airtel has launched a freely downloadable mobile application called ‘my airtel’ to allow users to keep a tab on all their airtel accounts easily. It was not clear which platforms the mobile application is available on. “Customers can download the application by simply logging into airtel.in/myairtel or visiting their device app store. Alternatively, they […]
Finance Minister Pranab Mukherjee extended a hand of partnership to the opposition Bhartiya Janata Party (BJP) to push through financial reforms. Mukherjee, who was addressing industry concerns over flailing pace of economic reforms, after the budget, said he is willing to meet other parties and governments “halfway.” “It is not that we have back-tracked on […]
Apple showed the biggest increase in phone market share in the United States during the second quarter of 2012 while LG showed the biggest fall among top brands, according to the latest numbers from digital tracking firm comScore. Samsung, which has been hit by legal issues due to a patent lawsuit by Apple, was able […]
The National Housing Bank (NHB) will soon come out with guidelines for non-banking housing finance companies to give impetus to funding for housing sector and create an asset-backed securitisation thereby further expanding the securitisation domain, R.V. Verma, chairman, NHB said at an event held in New Delhi today. Non-banking finance companies (NBFCs) are riskier than […]
Nokia today announced the Nokia Lumia 920 and the Nokia Lumia 820, the first Nokia devices to feature Windows Phone 8 operating system. The Nokia Lumia 920 is the first Windows Phone 8 smartphone, including the latest advances in Nokia PureView imaging innovation. Using advanced floating lens technology, the camera in the Nokia Lumia 920 […]
