The slipping economic growth rate has started showing in the recruitment numbers, according to the latest numbers released by India’s biggest recruitment firm Naukri.com. The July numbers showed a decline in hiring in sectors that depend on domestic demand, instead of catering to the foreign markets. Sectors that showed a slowdown include banking, oil and […]
The recent slashing of 3G tariffs by leading operators such as Bharti Airtel, Vodafone and Idea led to a doubling of data usage in just one month, Nokia Siemens Networks, which runs nearly 30% of India’s mobile networks, said. About two months ago, Indian operators had cut the price of 1 GB of 3G data […]
The electronic and IT manufacturers of India have raised issue with the government on rising “inspector raj” in the implementation of India’s new e-waste rules. India put in place new rules to handle e-waste — the toxic residue of items such as mobile phones, computers, TV and printers — in May this year. The new […]
As the fight over CAG’s report on coal allocation intensifies, one of the prominent industry associations, has justified the government’s decision to allot coal blocks at cheap rates to big corporations. Assocham, some of whose members may be among the beneficiaries of the government policy, said the allocation of cheap coal helped keep input prices […]
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, […]
A 2009 US diplomatic cable leaked by Wikileaks has exposed how Pakistani leaders had to practically beg the US ambassador for money to carry out basic functions such as providing education and drinking water to its people last year. The cable written by US ambassador to Pakistan Anne Patterson shows Pakistani finance minister Shaukat Tarin […]
The newly formed Congress government in Kerala seems to be heading for a controversy that has an uncanny similarity to the CVC PJ Thomas episode at Centre. While the Congress-led government at the Centre appointed a corruption accused as the chief of India’s anti-corruption body, in Kerala, the days old Congress-led government has appointed an […]
The decision by the Joint Parliamentary Committee to ascertain the ‘loss of revenue’ due to a shift in telecom policy 12 years ago is likely to open another can of statistical worms. The move is also likely to be aimed at obfuscating the core issue of a minister manipulating existing policy for favoring a handful […]
The 1.9 million tonne cement plant and captive power plant being set up by Nirma near the Coast in Gujarat is likely to be forced to relocate after the environment ministry’s expert committee upheld the findings of a small expert fact-finding mission. In its recommendations — published by the environment ministry a few hours ago […]
Essar Oil said it has tied up credit arrangements worth Rs 5,000 crore from Indian banks to pay its sales tax bill of Rs 6,169 crore. Essar Oil is a subsidiary of Essar Energy, listed on the London Stock Exchange as ESSR. In April this year, the Supreme Court of India had rejected Essar Oil’s […]
India’s IT spending will buck the overall global slowdown and grow at a strong rate of 16.3% in dollar terms this year, International Data Corporation (IDC) said. The growth forecast is unexpectedly strong and bullish, given that Gartner recently predicted that global IT spending will grow only 3% this year. According to IDC, India’s total […]
In the era of cheap me-too 7-inch tablets, PC peripherals brand Intex has launched a standout ultra-slim tablet with a built-in keyboard like that of the Microsoft Surface. The Intex i-Buddy, priced at Rs 6,500 (the same as Micromax Funbook), seems better value for money than the Micromax model and many others in the 7-inch […]
After several years of relentless increases in spending on populist schemes such as the National Employment Guarantee scheme, food, fertilizer and fuel subsidies, the government has finally applied the brakes in the budget for 2011-12. Instead of increasing budgets to rope in more people under the schemes, the government has proposed to make the schemes […]
Banks in India will face increasing stress over the next two years due to a possible deterioration in asset quality and overall economic malaise, ratings agency Standard and Poor’s said. While other BRIC countries will also face slowing growth, India’s situation is the most dire among the four big developing nations, it said. “We believe […]
Prices of food items, particularly pulses and coarse cereals, are likely to rise in coming months due to a possible drought in India this year and add to the already high inflation levels, CRISIL Research has warned. It pointed out that monsoon has so far been 22% below average and the situation is reminiscent of […]
Internet purchases are worth $10 billion (Rs 50,000 crore) at present, but are growing fast, prompting online retailers like Flipkart and Myntra to burn cash to attract customers, a new study by consultancy firm Zinnov has found. On a positive note, it noted that online retail accounts for only 0.5% of the total retail industry […]
Even as mainstream media has adopted a wait-and-watch approach towards the ‘second round’ anti-corruption agitation by Team Anna, a little-known live streaming website is catching on in popularity due to the agitation. Granslive, a little known web-streaming service, has seen tens of thousands of users log on in an effort to watch live Anna Hazare’s […]
An influx of thousands of Anna Hazare’s supporters, eager to find out what is going on at the Jantar Mantar fast venue, seems to have overwhelmed the live web streaming set up India Against Corruption. The live video feed by event-streaming firm Granslive seems to have become inaccessible to new viewers today morning, and several […]
I am one of you. I don’t usually go about shouting slogans, or carrying placards. Sometimes, when I don’t have enough money to make ends meet, I choose to pay the Rs 100 that the policeman demands than the Rs 600 fine I’d have to pay for riding without a helmet. I am no Anna […]
With TV channels not giving the same level of coverage to Anna Hazare’s fast as last time, many supporters of the movement have chosen to express their frustration at mainstream TV channels on social media networks such as Facebook and Youtube. “Boycott all those channels that are not showing India’s biggest movement as breaking news,” […]
