The depreciation of the rupee is hitting Indian customers hard. A day after Samsung priced its new Galaxy S3 model phone at 30% more than the price of its predecessor, due primarily to a 20% depreciation in the value of the rupee, Ricoh announced a 5% increase in its printers and other office products. These […]
Exports nudged up 3.23% in April, reaching $24.46 billion, while imports too grew 3.83% to $37.94 billion. Exports in April were valued at US$ 24455.38 million (Rs. 126708.46 crore) which was 3.23 per cent higher in Dollar terms (20.54 per cent higher in Rupee terms) than the level of US$ 23690.37 million (Rs. 105114.17 crore) […]
Two Indian-origin students in the U.S. have won the top slots at the prestigious Scripps National Spelling Bee championship this year. Snigdha Nandipati of San Diego, California defeated Stuti Mishra of West Melbourne, Florida to clinch this year’s title. Earlier, three Indian-origin students had won all the top three slots at this year’s National Geographic […]
Mageia, a community of former (and some current) Mandriva Linux developers, has released the second edition of their Linux-based open source operating system, Mageia 2. Unlike Rosa, the other fork of Mandriva, Mageia has opted to retain both the Gnome user interface design as well as the KDE interface, giving users more choice. Rosa, a […]
The Nokia store on Indiatimes has removed the Rs 29,999 price tag on Nokia 808 Pureview, with Nokia calling it a dummy price. The 41-megapixel Pureview 808 is the most sophisticated camera phone ever invented and can capture details that a human eye cannot easily see. It had announced earlier this month that the phone […]
After failing to get the expected quantity of gas from the Krishna Godavari (KG) basin, India seems to have decided to step on the pedal on LNG and gas projects. Announcing the signing of the gas sales & purchase agreement (GSPA) for TAPI Gas Pipeline Project in Turkmenistan, Indian petroleum minister came out as highly […]
Samsung will launch its latest smartphone, the Samsung Galaxy S3, in New Delhi on Thursday at 1:30 pm. The expected price, as predicted by RTN yesterday, is Rs 42,000. PRICE UPDATE from press conference – It’s Rs 43,000 (yes, that’s for 1 phone!) You can watch the launch, which will give further details of the […]
Sudden rise in temperature and frequent power cuts has generated a huge demand to the extent of 70% for inverters, batteries and gensets particularly in the Delhi-National Capital Region (NCR), according to the Associated Chambers of Commerce and Industry of India (ASSOCHAM). The National Capital Region is now facing power cuts for at least six […]
Samsung has launched its cheapest tab yet in India, the Samsung Galaxy Tab 2 (7 inch), priced at Rs 19,900 — or about Rs 5,000 less than the outgoing Galaxy 620. The big news here is not that it is a better model than the outgoing Galaxy 620, which it resembles in nearly every way, […]
Global ratings agency Fitch said more big, investment-grade companies in the United States may start returning money to shareholders if share prices continue to slide or remain low. It pointed out that such return of money through stock repurchases can impact the credit rating of companies (due to a deterioration of their credit to equity […]
The Samsung Galaxy S3 will be priced at Rs 43,000 in India, in line with its pricing in Europe (600 euros or Rs 42,000 plus). While fans may be disappointed at the high price, it may be noted that the rupee depreciation is the primary factor behind the high cost. The S2, the previous version […]
Welspun Solar Madhya Pradesh Private Limited, a wholly owned subsidiary of Welspun Renewable Private Limited, has won the largest solar power contract in Indian history. The company, part of the formerly textile-oriented Welspun group, won a contract for setting up a plant that will generate 125 million watts (megawatt or MW) of power. In comparison, […]
The Telecom Regulatory Authority of India (TRAI) has pulled up operators Bharti Airtel and Idea Cellular for imposing discriminatory charges on new operators to deliver their SMS to Bharti and Idea subscribers. The Authority has asked the two to immediately comply with the law which requires any ‘inter connect’ charge to be transparent and equitable […]
Chinese PC brand Lenovo was able to snatch the number 1 position from Dell and HP in India in the first quarter, but the overall Indian PC market showed signs of a definite slow-down. PC sales to consumers in India was down 3 percent in the January-March quarter compared to the October-December quarter. Overall PC […]
All three finalists in the National Geographic Bee Championship, one of the most prestigious academic competitions in the world, turned out to be of Indian origin. Rahul Nagvekar beat Vansh Jain of Wisconsin and Varun Mahadevan of California in the finals held on Thursday in Washington. The finals saw US President Barack Obama ask a […]
Reliance Communications too has jumped in to the ‘make 3G affordable’ bandwagon – introducing two new plans for low to medium data users on its USB ‘netconnect’ dongle. The new plans offer 1 GB 3G data for Rs 250 per month and 2 GB of 3G data for Rs 450 per month. They are exactly […]
The GSM Association, a worldwide body of GSM equipment makers and mobile operators, welcomed the government’s decision to release double the amount of 2G spectrum than was recommended by the Telecom Regulatory Authority of India (TRAI). The telecom commission, a top body in the department of telecommunications (DoT) had, on Thursday, decided to provide at […]
In what is likely to be the first step in turning around the embattled state airline Air India, the civil aviation minister has set up a committee to come up with a list of routes that need to be eliminated. The move, coming in the wake of a crippling pilot’s strike, is intended to cut […]
The Telecom Regulator has rejected the Government’s proposal to move the sunset for analogue cable from 2013 to 2015. In a letter sent to the ministry of information and broadcasting, the Telecom Regulatory Authority of India (TRAI) said the ministry’s concerns on the availability of set-top-boxes can be addressed if imports of the same are […]
Japanese camera and imaging company Ricoh Company has expanded its India operations again, this time with a bar-code paper manufacturing operation based in Mumbai. Three months earlier, the company established a development center in India’s software hub Bangalore. Known as Ricoh Innovations Private Limited (RIPL) is to create IT solutions adapted to India’s needs, incorporating […]
