Industry disappointed, analysts shrug after RBI keeps interest rates unchanged

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 […]

Airtel launches ‘my airtel’ self-care app for mobile

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 […]

India to have guidelines for non-banking housing finance companies

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 […]

India Application Development market to grow 23% to $227 mln this year

The India application development (AD) software market is expected to grow 22.6% this year to reach more than $227 million, according to IT market research firm Gartner, Inc. Application development is one of the biggest revenue drivers for Indian IT outsourcing companies. Many companies hand over the task of developing software applications to Indian companies, […]