Reliance Jio Infocomm, part of Mukesh Ambani-led Reliance Industries, has joined India’s biggest telecom operators’ association, COAI, joining hands with Airtel, Vodafone and Idea. In contrast, Reliance Communications, led by brother Anil Ambani, is part of the rival association, AUSPI. Tata Teleservices is also part of Auspi. Facebook had recently joined COAI as a core […]
Indian telecom industry grew by 10.8% last financial year, with equipments segment growing faster than services, according to Voice & Data Annual India Telecom industry Survey 2014. The top three telecom service providers in the country – Airtel, Vodafone and Idea account for more than 50% of the services revenues for FY 2013-14. “Launch of […]
The telecom regulator has opened up for discussions two crucial aspects of the upcoming spectrum auctions in the 900 and 1800 MHz band — the minimum bid size and the status of expiring licensees as new or old. While in the last auction, the minimum bid size in the 900 MHz band was kept at […]
Microsoft has said that its gaming products will be available in India only through Amazon. The contract covers the Microsoft Xbox One, Xbox 360, Kinect, Xbox Live, Xbox Accessories and all Microsoft-published Xbox game titles. Xbox One will be available in India beginning September 23rd, 2014 priced at INR 39,990 and Xbox One with Kinect […]
Value for money electronics brand Mitashi has announced India’s cheapest Ultra High Definition, or UHD, TV. The company will sell the item exclusively on Snapdeal.com at a price of Rs 99,990. Most UHD TVs cost above Rs 150,000. The TV is on the bigger side, with a 50-inch panel. “It’s an ultra-slim and Ultra-HD resolution […]
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Qatar Airways said its flight QR23 from Doha to Manchester, an Airbus A330-300, was forced to land at Manchester Airport after its crew got a bomb threat. “The crew had received a threat about a possible device on board and Qatar Airways immediately took all the necessary precautions to alert British authorities,” it said. “The […]
Jet Airways, India’s premier international airline, today, said it was extending its special fares for its economy guests travelling within India. The scheme, which was announced a few says ago, enables travelers to get a discount of 40% on the base fare and fuel surcharge. The earlier scheme was applicable to international flights also, but […]
Jignesh Shah’s Financial Technologies India Ltd asked Bombay Stock Exchange to specify the exact basis on which the exchange, which held unsuccessful negotiations to buy a stake in MCX, was questioning the company’s decision to sell most of its stake in MCX to the Kotak group at a discount to market price. “We reiterate that […]
Environmental campaign agency Greenpeace said Nitish Kumar, former chief minister of Bihar, has praised its micro-grid solar project in Jehanabad district. “Elated to see homes, shops and streets lit up at night, Kumar praised Greenpeace and the unique energy model, upholding it as a crucial step towards rural electrification of Bihar,” the agency said in […]
Tata Communications Ltd said revenue from operations for the core business improved 12% at Rs.45,186 million (USD 756 million) from Rs.40,188 million (USD 720 million) during the corresponding quarter a year ago. On a quarter on quarter basis, revenue fell 2%, while operating profit fell 9%. The dip in sequential revenue was due to a […]
For those who want to be future ready, Huawei has launched two LTE enabled smartphones in India, the Huawei Ascend P7 and the Huawei Honor x1 Mediapad x1. The first one is a five inch phone, while the second phone, though called a phone, is actually a 7-inch tablet. India is no stranger to the […]
As per a new survey by industry association Assocham, 67% of Delhiites prefer shopping online while 23% prefer to shop in traditional markets like Sarojini Nagar, Lajpat Nagar, Karol Bagh, Janpath, Paharganj, Sadar Bazar and Chandni Chowk. Around 7% of respondents said they prefer to visit a mall for their shopping needs while 3% said […]
Mphasis Ltd reported a growth of 2% in its organic revenue for the first quarter, net of rupee appreciation. However, total revenue fell 3.5% quarter on quarter to Rs 1,490 crore; Net of rupee appreciation, the decline is 2.6%. Gross margins fell 40 bps to 26.2% over the two months period ended 31st March 2014. […]
Piramal Enterprises Limited (PEL) and APG Asset Management, the Dutch pension fund asset manager, formed a strategic alliance for investing in rupee denominated “mezzanine” instruments issued by infrastructure companies in India with a target investment of US$ 1 billion over the next 3 years, the companies said. PEL and APG have each initially committed US$375 […]
Real Estate builder Emaar MGF has been penalized by the National Consumer Disputes Redressal Commission for “deceptive practice” for “mischievously and cleverly” not giving a fixed delivery date before taking 11 lakhs from the customer for plot in Mohali. The Commission found that Emaar MGF had induced its customer to pay more than Rs 11 […]
Pune-based Persistent Systems reported a decline in its revenue from IT infrastructure segment, but managed to report a flat quarter on quarter revenue growth due to some pick up in its Telecom revenue. Persistent also reported a decline in its margins, led by higher salary expenses in the June quarter. Employee costs rose 1.5% on […]
Hexaware Technologies, a provider of IT, BPO and Consulting services, has changed its CEO after failing repeatedly to meet shareholder expectations. The company, which has seen poor performance over the last year despite an improving demand climate in the US, has replaced its CEO of six years, P R Chandrasekar with R Srikrishna, who was […]
Standard Chartered Bank has been told to pay two of its customers in India Rs 34,293.24 for levying ‘minimum balance’ charges on them without sufficient intimation. The bank had charged Rs.750, Rs.830 and Rs.830 to the accounts of Surinder Pal Arora and Nirmal Arora of Kirti Nagar, New Delhi, for failing to maintain Rs 10,000 […]
The ministry of information and broadcasting has imposed a one-day ban on transmission of two Assamese news channels, DY 365 TV and News Time Assam, for carrying a story alleging wrong relationship between an MLA and two young girls, including a minor. In the order, the ministry of information and broadcasting narrated the examination of […]
