The opposition today sharpened its attack on government’s decision to allow foreign investment into the Indian retail sector, saying that it will convert Indians into mere workers. “Right now, if someone does not get a job, he sets up a small shop. After FDI, Indians will become mere salesgirls and salesboys. The owner will be […]
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. […]
‘Paintball’ was the most searched recreational word searched on Google Maps this summer in the U.S., while Death Valley National Park, located in California & Nevada, was the most popular holiday destination. The numbers also indicate that Americans and Canadians seem to prefer to go to national parks and other ‘nature’ spots during the summer, […]
The iBall Andi 5c is a curious mixture of affordability and high-end technology, and comes in as the latest addition to the category of cheap 5-inch Android models launched by Indian brands in the last two months. It competes with the Spice Stellar Horizon, the Micromax A100 and the Mercury magiQ. The Spice Stellar Horizon […]
Industry has expressed its disappointment at the Reserve Bank of India’s decision to keep key interest rates unchanged, calling the move “deeply disappointing.” The Assocham, which represents several big basic industries and manufacturers, said RBI should have made more money available for companies so that they could produce more, and bring down prices. “The only […]
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 […]
