The price paid by India for a barrel of crude oil has fallen below the $30 mark for the first time in several years. On Jan 7, the average price paid by India for importing crude oil was $29.24, substantially lower than the $33 level seen in international oil exchanges such as NYMEX. India has […]
OnMobile, one of the biggest providers of ring-back tones in the world, said it has decided to sell its speech recognition software for 650,000 euros, or about Rs 4.7 cr. The company said the sale was in line with its decision to focus on apps and away from on-deck services of telecom. Mobile value added […]
Vodafone said it is about to launch 4G in Mumbai and requested customers to upgrade to a 4G SIM if they want to access the network. Customers can upgrade to 4G SIMs at their convenience at 56 Vodafone stores across Mumbai, it said. The company has entered the “final stages of bringing the World’s largest […]
Eros International Media said its latest release, Sanjay Leela Bhansali’s Bajirao Mastani has closed its third weekend with a total gross of Rs 301 crores worldwide. Out of this, Rs 211 crore gross (Rs 162.35 crore net) was collected in India and Rs 90 crore (USD 13.5 million) overseas. Bajirao Mastani recorded a third weekend […]
Many fans who were hoping to buy Reliance Jio SIM cards on January 1 were left disappointed to learn that the company’s 4G launch was only for employees as of now. UPDATE: Jio has decided to go for an invite system by bundling SIM cards with LYF 4G phones. They will be available in the […]
NDTV has closed funding for a new platform that will sell healthy foods and personal care products from across the country through its subsidiary- Smartcooky Internet Limited. Smartcooky.com is based on NDTV’s current food site — food.ndtv.com which has “almost 3 million unique visitors a month.” SmartCooky Internet Limited, has raised funds at a valuation […]
In one of the boldest steps to be taken in the direction of clean energy in India, the central government has decided to provide a 30% subsidy for rooftop solar installations in the country. The move to provide blanket subsidies is unprecedented for India, and indeed for any low-income country, and has usually been found […]
The effective crude oil price paid by India fell again to record of several years to just $33.35 for the second half of December, petroleum ministry said, implying a petrol price of $1.08 to the gallon or Rs 18.95 per liter. In India, the retail price of petrol is around Rs 63 per liter. Crude […]
ONGC Videsh Ltd and Rosneft signed an agreement of confirmation of successful completion of the first stage pre-completion actions in relation to the creation of a joint venture in JSC Vankorneft. Vankorneft, Rosneft subsidiary, was established in 2004 for development of Vankor oil and gas condensate field – the largest of the fields, discovered and […]
Mukesh Ambani, son of Dhirubhai Ambani and chairman of Reliance Industries, launched the group’s latest initiative, Reliance Jio Infocomm’ 4G service in Mumbai on Sunday and urged the employees to test and give feedback on the network. Though the launch did not give any details such as when exactly the 4G service will be opened […]
Facebook, the world’s largest social media company, said it will explore the option of putting advertising in its ‘free Internet’ platform – Free Basics. Participating in a discussion on Reddit, Facebook’s Vice President in charge of Internet.org, Chris Daniels said it’s a possibility the company will look at in the future. Facebook had come under […]
Facebook’s Vice President in charge of Internet.org, Chris Daniels will answer ‘any questions’ on the discussion website Reddit at 6 pm today. The move comes in the wake of an uproar in social media in India over what many perceive as Facebook’s attempt to take over the Internet, especially in lower-income countries like India. Daniels […]
Facebook is claiming in an advertisement that 3.2 mln of its users have sent letters to the TRAI supporting its ‘free basics’ program in the context of the ongoing debate about net neutrality. However, it did not reveal how many of its users refused to send the email, or at least how many were shown […]
For years, India’s telecom operators have taken the government repeatedly to task over ‘hoarding’ spectrum, not releasing it on time etc.. However, with recent auctions giving some of them a competitive advantage, many of these operators are now asking the government to postpone the upcoming 700 MHz auctions – slated to be the biggest India will ever see. As part […]
So you’re upgrading your TV and want to make sure that you futureproof it by buying the best available within your budget. Perhaps you’re buying a new monitor for your PC and want to ensure that it’s got at least as much resolution as your latest phone? Welcome to the world of ultra-high-definition TVs and monitors. DO […]
Idea Cellular, which today became the third operator in the country to launch commercial 4G services, seems to have decided to pull out all stops to counter the launch of Reliance Jio next week. In doing so, Idea has decided to offer 4G tariff that is roughly 50% cheaper than its two closest competitors, Bharti Airtel and Vodafone. […]
After signing a merger deal with MTS, Anil Ambani’s Reliance Communications is now targeting Aircel Cellular for a merger deal that will be a major coup for the younger Ambani brother. The Mumbai-based company it has entered into a 90-day exclusivity period with Maxis Communications Berhad (MCB) and Sindya Securities and Investments Private Limited, the […]
Idea Cellular, the country’s third biggest telecom operator and holder of 4G spectrum, is offering 1 GB of 4G data in 190 cities spread over eight states as part of a ‘pre-book’ offer. The scheme is applicable only to those who have Idea phone numbers. Subscribers will have to also change their SIMs to a […]
While many were expecting Reliance Jio to launch VoLTE (voice over LTE) phones priced as low as Rs 5,000, it is the Samsung Galaxy On5 that has emerged as India’s cheapest VoLTE-enabled phone. UPDATE: As more and more 4G phones have started becoming available, it has become more difficult to keep up a list of […]
Eicher Motors, manufacturer of Royal Enfield bikes, said production at both of its factories in Chennai have been normalized as of Dec 14. Production at the Royal Enfield factories at Thiruvottiyur and Oragadam was suspended on Dec 1 after heavy rains and flooding disrupted operations. The company resumed production of motorcycles on December 7, 2015 […]
