The Indian Oil Corporation, which accounts for 50% of India’s petrol and diesel sales, has justified its recent increase in petrol prices, blaming the ever-rising international crude prices. It said, despite increasing petrol prices, it is losing Rs 159 Crore per day on the sales of other fuels like Diesel, LPG and Kerosene. “With the […]
After hectic talks between ministers and departments, the Prime Minister Manmohan Singh finally announced his response to the food price crisis — and it promises more of the same. The new measures — including a scheme to sell onions at Rs 35 per kg — are similar to those announced by the government to beat […]
After calling the Comptroller & Auditor General (CAG) report on the 2G scam “totally erroneous,” the government on Saturday moved to overhaul the existing telecom policy along the lines suggested by the auditor. Under the new policy, whose fine-print will be announced by the TRAI shortly, operators will no longer get spectrum free of charge […]
HCL Technologies said that the era of big bang outsourcing deals from the US has come to an end. Indian IT providers had seen a virtual disappearance of deals that generate $100 million or more per year when the recession started two years ago. Despite the recession ending, such deals are yet to make a […]
HP, the world’s number one PC brand that had lost its India crown to Dell early in 2010, came back on top during the fourth quarter, according to numbers released by IT tracker Gartner. Against Dell’s 13% marketshare, HP accounted for 15.8% share of all PCs sold in the quarter ended December 2010, according to […]
Incumbents mobile operators, who were widely expected to see an initial outflow of long-held subscribers, claimed that they were, on the contrary, winning the first round. “It looks like people who were the keenest for MNP to be implemented are also the ones who are losing the most,” said a senior Airtel official, an obvious […]
Union environment minister Jairam Ramesh on Thursday announced that the government intends to create nearly 10 million hectares of forests in the next ten years under its ‘Green India’ program. India currently has 69 million hectares, or about a fifth of its total area, under forests and had a long term plan to increase it […]
India and Japan inked a “Comprehensive Economic Partnership Agreement (CEPA),” short for a trade agreement that is just short of a free trade agreement. ” This Agreement is the most ambitious agreement signed by India so far and covers trade in goods, services and investment under its ambit,” the government of India said in a […]
Untitled document No MOU SIGNATORIES 1 Urea Manufacturing Ministry of Industry of the Republic of Indonesia H.E. Mr. Mohamad S. Hidayat, Minister of Industry VS. Ministry of Chemicals & Fertilizers India H.E. M.K. Azhagiri, Minister of Chemical & Fertilizers 2 Development of Industrial Complex Based on […]
As Western governments are cracking down on those who use unprotected computers to steal data and send spam emails, many of these ‘botnet’ networks have been successfully transplanted to countries such as India, according to Kaspersky Labs. While the US and Western Europe have fallen drastically as the areas from which spam and harmful viruses […]
India is likely to soon have one more auction for wireless broadband spectrum, according to sources in the Department of Telecom. The Department on Wednesday released details of how much spectrum is available in all circles across all the three categories of 2G, 3G and 4G or wireless broadband. Only wireless broadband has close to […]
The state-owned explorer ONGC claimed to have struck the first prospective shale gas deposit on Thursday. It said natural gas, trapped in shale rock deposits, flowed out from the Barren Measure shale in its first R&D well near Durgapur at Icchapur, West Bengal. “Though the well is still under assessment, the breakthrough is significant as […]
A year after promising a $1 billion loan to clean up the Ganga, the World Bank is in talks with India to fund new environment-related project, environment minister Jairam Ramesh said. “Our government is clear about the need to reflect and factor in ecological concerns into our growth process so that the benefits of growth […]
Indian government has decided to life the ban on 3G video calls on the new networks set up by private operators, the Ministry of Communication and IT said. It said the matter regarding Carriage of Video Calls in the network of mobile service providers was under consideration of the Government. It said that the ban […]
The first ever case of human infection with Crimea Congo Hemorrhagic Fever (CCHF) virus in India has been reported from Ahmedabad, the government of India confirmed on Wednesday. The CCHF virus is known to be transmitted among animals through ticks. It does not produce disease in animals but kills from 20% to 40% of humans […]
The United States reassured India that its plan to withdraw its military forces from Afghanistan by 2014 did not mean it was totally abandoning the war-torn country. In a meeting between the US Senate’s Foreign Relations Committee chairman John Kerry and the Indian foreign secretary Nirupama Rao, the former reassured the latter that withdrawal will […]
Home Minister P Chidambaram refused to buy blackberry maker Research In Motion’s explanation that the firm cannot expose the data of its corporate clients. RIM had, last week, put its foot down on sharing of enterprise-customer data, pointing out that no enterprise connectivity provider in India allows the government to snoop on their customers’ data. […]
India was sorely disappointed by the Government of Pakistan’s failure to take “visible” steps against the Lashkar e Toiba militants accused in the Mumbai terror attacks, but the US consoled it by pointing out that the Pakistani civilian government was powerless before its own army. According to a US diplomatic cable written in February last […]
Home Minister P Chidambaram came out strongly in support of the Omar Abdullah government’s decision to ‘deport’ BJP senior leaders from Kashmir. The BJP leaders, Arun Jaitley and others, were physically ‘moved’ by the Jammu and Kashmir government yesterday night to Madhopur in Punjab and put up at a rest house. The BJP leaders were […]
Bangalore is the most ‘painful’ city in India to drive in, and the sixth most painful in the World, according to IBM’s fourth Commuter Pain study. The study ranked 20 of the World’s top cities on the basis of traffic jams, driver stress etc.. The worst city in the World to drive in this year […]
