The Indian online advertising market, including classifieds, will grow by a whopping 54% in the next 12 months, a report by the Internet and Mobile Association of India (IAMAI) and IMRB said. As of March 2012, the industry was worth Rs 2,851 crores in annual revenue and will further grow to Rs 4,391 crores by […]
Overruling objections by big telecom operators, the Telecom Regulatory Authority of India (TRAI) has recommended allowing district-level operators. Anyone, including local cable operators, will now be able to offer landline and mobile, Internet and other services after paying the Rs 10 lakh entry fee per district, if the recommendations are accepted by the Government. In […]
Second time in less than a fortnight Prime Minister Dr Manmohan Singh has reiterated his government’s resolve to punish all those who have indulged in corruption. Speaking in the Parliament today Dr Singh attacked the Opposition and assured the country that he would leave no stone unturned in cleaning the public life. “People talk of […]
The euphoria of an expected release of the abducted officer of the Indian Administrative Service (IAS) and the District Collector, of Malkangiri, R Vineel Krishna has died down with the underground groups putting up more conditions for the release of the prize catch. In the meanwhile the Maoists released the abducted engineer, Pabitra Majhi, who […]
Technology market research firm Gartner has cut its forecast for IT spending this year from 3.7% to 2.5% due to a weaker dollar. Worldwide IT spending this year will be $3.7 trillion. It said the lower growth rate has more to do with the U.S. currency than an actual decline in spending and forecast a […]
After hitting a post-recession record last month, hiring activity in India slowed slightly, according to the Naukri Job Speak Index for March 2012. The index, which compares the number of hiring activity in a month to that of July 2008, was at 1,170, slightly down from 1209 in February. July 2008 was the height of […]
Majestic Infracon, the business partner for UAE-based Etisalat in India, has responded to the statement issued by the UAE operator on Pratap Ghose, the CFO of their Indian joint venture Etisalat DB. It denied it was responsible for the sorry state of the Indian joint venture and said it will file a case of defamation […]
Bharat Petroleum Corporation (BPCL), the smallest of the three state-owned oil retailers in India, refuted suggestions that a fire at its Numaligarh refinery was caused by an act of sabotage or terror. The Assamese insurgent group, the ULFA, had claimed that it set off the explosion. “The company is confident that this is not the […]
India has expressed concern over the widening trade deficit, while revising its export target upwards. The new strategy document from the commerce ministry has pegged a target of $450 billion for India’s exports in three years — double the current exports. India’s trade deficit has ballooned from around $8.6 billion in 2002-03 to $118.3 billion […]
Bharti Airtel, which launched India’s first LTE-based 4G network in Kolkata today, said it will soon launch similar networks in Karnataka, Punjab and Maharashtra. It will launch such ultra-highspeed 4G services in Bangalore in the next 30 days. Airtel’s launch prices for the 4G services, however, are on the higher side. While most operators are […]
The promise of 4G networks in India was to bridge the digital divide by making cheap, high-speed broadband available across the country. In other words, wireless broadband was to be to landline broadband what the mobile phone was to the land phone. However, going by the first such launch in India, very little of the […]
The Infosys Science Foundation said Dr. Kaushik Basu, chief economic advisor to the government of India has been appointed as the chairman of the jury that selects the Rs 50-lakh Infosys Prize for Social Sciences. Basu takes over from Amartya Sen, who will now chair the jury for the newly-created Humanities award. Five Infosys Awards, […]
Google has tied up with Government of India’s National Museum and National Gallery of Modern Art to enable web-users to virtually enter and browse through Indian museums online. The tie-up will enable users to discover and view more than a thousand artworks of Indian and global artists in both the museums, online, Google said. Google […]
Chip giant Intel, fighting to keep a booming tablet market from damaging its sales, expects its new thin and light platform Ultrabooks to touch the $650-700 price-point by the end of the year, according to analysts familiar with the company’s plans. According to them, Intel expects Ultrabooks, which are currently priced at around $1,000 and […]
The goods trade between India and Pakistan could zoom to $8 billion a year from the current $2.6 billion in two years, thanks to the opening of a check post at Attari-Wagah border, trade body Assocham said. With the opening up of the check post at Attari-Wagah border, the number of trucks crossing the border […]
After much waiting, netbooks based on Intel’s next generation Cedar Trail Atom processors have hit the Indian market. The Cedarview Atom processors (Atom 2600 & 2800) are the first netbook processors to combine a moderately powerful CPU with a moderately powerful graphics processor (GPU) and still give about 8 hours of battery life on a […]
The ruling Congress Party in Kerala has stirred a hornet’s nest with its latest move to induct two more ministers from minority communities, taking the total Christian and Muslim ministers to 12 out of 21. The move has led to the heads of the two main Hindu community organizations to come out openly against the […]
Taiwanese smartphone maker HTC Corp has launched the biggest phone in India — the HTC One X — priced at a hefty Rs 38,000. The phone is notable primarily because it has the largest display of any phone in the country and comes with the latest Android operating system, the Ice Cream Sandwich. The HTC […]
The targets set by India’s ambitious National Manufacturing Policy may be just that – ambitious, according to Crisil Research, part of the Crisil group. According to the National Manufacturing Policy, India aims to raise the share of manufacturing from about 16% at present to 25% in ten years and generate additional 100 million (10 crore) […]
The number of air travelers in India grew 16.6% last year, but growth has slipped in 2012, ministry of civil aviation numbers revealed. For the first two months of 2012, passenger numbers rose only by 9.3%. The number of flights increased by 11.2% in the first two months of this year, compared with a 19.7% […]
