The Reserve Bank of India will need to watch the Indian rupee’s movement closely in the coming days in light of the recovering US economy and strengthening dollar, CARE Ratings said. “While the RBI has brought about order in the balance of payments and several components like imports, ECB flows, and FII funds, it would […]
Vodafone has become the first operator in India to offer 3G services across the country, the company said in a statement. Its latest launch has been Orissa, where it will give a 40% discount on 3G data packs for the next ten days. In Orissa, Vodafone’s postpaid plans start from monthly rentals of INR 150 […]
After Xiaomi, Oppo and Gionee, it’s the turn of Chinese smartphone maker Vivo to have its phones made available in India. The company’s flagship, Vivo Xshot, will be available next week at a price of around Rs 25,000-30,000. Vivo will also launch the cheaper Vivo X3S, priced around Rs 16,000, with a five inch HD […]
All India Gems and Jewellery Federation (GJF), the largest single trade body in India for the promotion and growth of trade in gems and jewellery across India, has urged the Union Finance Minister Arun Jaitley to avoid re-imposing curbs on gold imports as it could spell doom for the gems and jewellery sector. The GJF […]
BMW will launch its new MINI in India today. In an event in Mumbai at 12:30 today, German carmaker will unveil a 3-door as well as a 5-door version of the iconic car model. A live webcast of the launch can be seen from 12:30 by clicking here or here. The three-door model is meant […]
Goldman Sachs has changed its interest rate call for India and now expects the Reserve Bank to cut key interest rates by 25bps each in February and April. It had earlier seen rates unchanged in the first half of 2015. “The main driver of this view is our commodities team’s forecast of weak oil prices […]
Three of the top four stocks held by mutual funds in India are bank stocks – ICICI Bank Ltd, HDFC Bank Ltd and State Bank of India, with Infosys Ltd being the sole exception. ICICI Bank and HDFC Bank were the top holdings, with ICICI alone accounting for about Rs 14,300 crore, or about 5% […]
Idea Cellular, Vodafone, Bharti Airtel and others got new mobile number series from the Department of Telecom last week. Every time a new number series is allotted, the companies also get hold of premium numbers, such as 995000000 and so on. Telecom operators are allocated new number series as and when they near exhausting the […]
With wholesale inflation dipping to record lows, industry asssociations have renewed their calls for an immediate cut in interest rates. ASSOCHAM for example has sought a repo rate cut of up to 50 basis points (bps) in its fifth bi-monthly monetary policy review scheduled on December 2nd, if monsoon forecast for 2015 is normal, crude […]
The new civil aviation policy, as reflected in the draft put out by the ministry of civil aviation, lacks details and is largely a ‘feel good’ document, consultant KPMG said. It will not be very helpful to the civil aviation sector in India, it added. “The draft civil aviation policy reads like a feel-good document, […]
In an especially strong attack against perceived threats to its Internet-based business, the Times of India group has sought regulatory intervention to ensure what is popularly called Net Neutrality, or the concept that internet service providers must charge only from the end consumer. In other words, the Times of India group wants TRAI to ensure […]
The millions of engineers who pass out from Indian colleges every year looking for IT jobs will have to either learn specialised skills, or look for other sectors, a new report said. The report said recruitment by IT companies in India will halve over the next four years. “Incremental recruitment by the information technology (IT) […]
The Taj Group today announced that starting November 15th it will introduce complimentary Wi-Fi connectivity for residential guests across its 125 hotels around the globe. Guests at any of the Taj Group of hotels – The Taj, Vivanta by Taj, Gateway Hotels and Ginger will now be able to enjoy free Wi-Fi connectivity for the […]
India is the fourth most vacation deprived nation globally, according to Expedia’s 2014 Vacation Deprivation. 67% of Indians said they feel very or somewhat vacation deprived, the annual analysis of vacation habits said. 35% of the global respondents said they would take a cut in salary for extra vacation – highest among those in India […]
Tentative global recovery notwithstanding, Indian companies continue to look abroad for greener pastures investing as much as USD 17.6 billion in April-September this fiscal while outward investment in the fiscal 2013-14 was USD 36.9 billion, an ASSOCHAM study has found. Although Indian firms have invested overseas in the first half of the current fiscal, almost […]
Indians have the highest trust in banks and financial institutions when it comes to sharing personal data, while the least amount of trust is placed on social networks and search companies, according to a survey by Aimia, a loyalty management company. Financial institutions are perceived as sending out the most relevant communications, with 44% of […]
Vodafone and Bharti Airtel have been told to compensate a customer after Vodafone disconnected a customer who ported from Airtel saying that the customer did not pay Airtel’s bills. The North 24 Parganas district consumer forum found that Bharti Airtel guilty of issuing ‘vague bills’ to a customer who had already ported out of the […]
Giving relief to a builder, the National Consumer Disputes Redressal Forum has asked the Punjab State Consumer Disputes Forum to determine whether someone who buys a real estate property without the intention of living in it can be given protection under consumer laws. In a case involving delay in the hand-over of flats, real estate […]
Tata Communications said revenue from operations for its core business grew 1.7% to Rs 44,950 million (USD 742 million @average INR/USD exchange rate of 60.58) from INR 44,187 million during the corresponding quarter in the previous year. Total Income has increased from Rs. 49919.50 million for the quarter ended September 30, 2013 to Rs. 52350.60 […]
Maruti Suzuki’s Ciaz, the company’s answer to the Honda City, sold a robust 6,345 units in October, making it one of the biggest selling cars in India. In comparison, the Honda City, its biggest competitor, only sold 5,120 units. However, Honda could boast of another 3,482 unit sales of the Amaze and another 2,985 of […]
