FITE says TCS Chennai termination case only partly resolved

FITE, which was formed by disgruntled IT workers to prevent large-scale layoffs in the sector, hailed the withdrawal of the termination letter to a female employee that has been challenged in a labor court in Chennai. The ‘Forum for IT Employees’, a semi-formal organisation that uses social media extensively for propagating its stands and attracting […]

Indiabulls Asset Mgmt to invest Rs 10,000 cr through real estate funds in 5 years

Just in case you are one of those people who believe that the Indian real estate market still has upside, Indiabulls Asset Management has launched its maiden real estate fund. The Rs 500-cr fund will invest in residential projects in top 5 cities in India. “We plan to scale up our AIF / Co-investment presence […]

Indians rely highly on cash, real estate to see them through retirement

India’s working population relies heavily on cash deposits and second domestic property to generate post-retirement income, according to HSBC’s latest report – The Future of Retirement A balancing act. The report also shows, working people in India believe that buying a house and paying for children’s education were the top two factors, which have significantly […]

Kerala Facebook group gets support from Physicist Lawrence Krauss

Members of the Malayalam rationalist group Freethinkers were pleasantly surprised today as world renowned physicist and campaigner for spreading scientific education, Lawrence M Krauss, lent his voice to those opposing the shut down of their group. The Freethinkers Facebook group has been shut down several times by Facebook, reportedly because religious people were offended by […]

POLL: FITE to hold protest at Jantar Mantar in Delhi against terminations

FITE said it would hold a protest in Delhi today at 1 pm against what it called unjust termination of staff by TCS. TCS had, in its earnings press conference yesterday, asserted that the company had a policy of ‘involuntary attrition’ of those who failed to keep up with performance requirements. It also said only […]

RBI likely to cut interest rates early next month: CARE Ratings

The Reserve Bank of India is very likely to start cutting India’s key interest rates early next month, CARE Ratings said after India’s December consumer inflation number came in at a manageable 5%. It was widely expected that the recent fall in consumer inflation could undergo some reversals in December and January, and the falling […]

BlackBerry Classic price Rs 32,000 in India, launch soon

The BlackBerry Classic, arguably the best handset in the world for typing-intensive purposes like managing email and text messages, will be launched in India at a price of Rs 31,999 or thereabouts by mid January, according to a distributor. The phone will replace the BlackBerry Q10, which is both smaller and cheaper. Unlike all other […]

Toyota India launches new Innova, Fortuner

Facing increasing heat from the Honda Mobilio, Toyota Kirloskar Motor today announced the launch of the new Innova and the Fortuner 4X4 Automatic. Innova is without doubt India’s most popular ‘people mover’ and has dominated the Indian roads since its launch in 2005. However, the seven-seater is also considered extremely expensive, being priced about Rs […]

India ranks fourth in no of startups globally – Nasscom

With more than 3,000 tech start-ups, India is the fourth largest base for young businesses in the world and it is expected that by 2020 the base will increase to 11,500 tech start-ups, Nasscom said in its “Tech Start-up in India: A Bright Future” study today. The report, created in association with research firm Zinnov, […]

UPDATE: Lenovo launches cheapest LTE phone in India A6000, price Rs 6,999

There is strong buzz in the market that Lenovo will launch the cheapest LTE phone in India next week at a price of Rs 6,000-6,500, eclipsing the Xiaomi RedMi 1S, Nokia Lumia 638 and Huawei Holly Honor in value for money. UPDATE: The Company has officially launched the A6000, priced at Rs 6,999, and to […]

Google Nexus 6 to start shipping in India on Christmas date, release price 44k

Google Nexus 6, arguably the most sought after high-end phone in India right now, will start shipping in the next two days from Flipkart in India, according to a source in the e-commerce firm. The online retailer had opened the Google Nexus 6 for preorder on Nov 18, more than a month ago, but had […]

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