Customers of Idea Cellular can access free Internet on their phones thanks to a tie-up with Quikr, a classified ads website. Under the scheme, Idea users just need to open Opera Mini web browser and click the “Idea Web Pass” Speed Dial entry, then select the “Free Internet by Quikr (10 MB)” web pass option. […]
HSBC said its manufacturing PMI (purchasing managers’ index) improved at the margin in June, led by output and new export orders. HSBC’s India manufacturing PMI rose marginally (51.5 vs. 51.4 in May) thanks to improved output (52.4 vs. 51.7 in May). However, ‘new orders’ (53.0 vs. 53.2 in May) slowed slightly despite a jump in […]
Aircel Cellular has announced a new scheme under which prepaid and postpaid users can create their own unique plans using a mix of STD, local and Data packs. The service is available for both Aircel & Non Aircel customers. New Customers can activate these plans, by simply filling and submitting the Aircel Customer Enrollment Form […]
The impact of a new government is yet to be felt by the Real Estate sector in terms of actual sales, but enquiries have increased, Karvy Stock Broking said. It noted that in Mumbai & Suburbs, housing registration fell 10.5% in April compared to March, and is down 20.2% compared to April last year. “This […]
Tata Consultancy Services Ltd, which has been disappointing analysts for the last three quarters with sequential growth of 2.0-2.5%, is likely to see a break-out in its upcoming results with a 5.1% jump in revenue, Kotak Institutional Equities said. It also projected a 2.3% jump for Infosys, which had seen its revenue fall by 0.4% […]
The National Alliance of People’s Movements has opposed any move by the government to dilute the strict provisions of the Land Acquisition, Resettlement and Rehabilitation Act of 2013. The Act, which was championed by Jairam Ramesh during his tenure as the environment minister, puts tough conditions on the forcible acquisition of citizens’ land by the […]
The Mumbai Press Club will hold a discussion on the gas pricing controversy, it said in a statement. The discussion will be based on Paranjoy Guha Thakurta’s book – Gas Wars: Crony Capitalism and the Ambanis and will be held on Friday, 27th June, 2014 at 2.45 PM. The price of natural gas has been […]
Ratings provider Fitch has downgraded the debt of Essar Projects Ltd, the holding company of the various construction companies of Essar Group, to ‘B-‘ from ‘B’. The primary reason is a wind-down of construction activity within Essar Group, which is largely into the energy business. “Essar Project’s order book shrank to USD3.5bn in FY13 from […]
Sandip Sabharwal, a Mumbai-based fund manager and investment expert, has explained how unscrupulous hoarders and traders in India jack up the prices of onions. In a post on his Facebook page, Sabharwal described the exact methodology of how India’s onion cartel, that pushes up onion prices to as much as Rs 100 per KG, operates. […]
Reliance Jio is potentially a formidable competitor in India’s telecom sector, credit rating agency Moody’s said, saying the ratings of all telecom companies will be impacted negatively due to the launch of services by Reliance Jio next year. “It will enter the Indian telecom space as a well-capitalized entity, supported by the financial muscle of […]
Thanks to scorching heat, shopping trends of Indian consumers have witnessed a significant change this ‘summer season’, a whopping 155% rise in online trends compared to 85% last year, according to a survey by the Associated Chambers of Commerce and Industry of India (ASSOCHAM). As per the ASSOCHAM findings, Delhiites have left behind all other […]
In the world of online shopping India, quick delivery options and one-day delivery schemes are not always what they seem. Most of the schemes are of no practical benefit to average users, and are launched only to generate hype, even if one is looking only at the bigger cities and not the towns and villages. […]
The Indian Stock Markets regulator has proposed regulating the raising of funds through crowdfunding platforms in India. Crowdfunding refers to the use of websites like Kickstarter.com by small companies and individuals to raise donations, debt or equity from a large number of users, usually in the tens of thousands or even millions. The Securities and […]
In the war for delivery speed, Flipkart, which was lagging behind others for long, has launched a new innovation – scheduled delivery. Under the facility, all customers can specify the time at which they want a package to be delivered. “Customers can choose delivery slots as early as the next day – a feature currently […]
Nasscom, which speaks on behalf of India’s outsourcing and IT industry, has asked the Narendra Modi government to remove unnecessary legal hurdles in the path of technology companies, and also set up a fund to promote innovation and entrepreneurship. “It is recommended to launch an India Technology Entrepreneurship Mission (ITEM) to provide a supportive framework […]
SpiceJet today announced the launch of several new flights on its four existing routes with effect from June 15, 2014. The airline is adding capacity on Bangalore-Mangalore, Chennai-Madurai, Bangalore-Hyderabad and Delhi-Lucknow sectors. All these new flights will be served with 189-seater Boeing 737 aircrafts. SpiceJet is introducing a daily new flight on Bangalore-Mangalore route. The […]
Infosys announced the appointment of Vishal Sikka as the new Chief Executive Officer and Managing Director of the company. Sikka will be inducted as a whole-time director of the Board and CEO & MD (Designate) on June 14, 2014. He will take over as CEO and MD from Mr. S. D. Shibulal on August 1, […]
The Infosys Board of Directors announced the selection of Dr. Vishal Sikka of SAP as the Chief Executive Officer and Managing Director (CEO & MD) of the company. Sikka will be inducted as a whole-time director of the Board and CEO & MD (Designate) on June 14, 2014. He will take over as CEO & […]
After Reliance Communications, which announced that it is expanding its 3G services to five more circles today, Aircel Cellular and Tata DoCoMO are expected to make similar announcements later this month. Reliance Communications has tied up with the above companies to launch 3G services in Karnataka, Andhra Pradesh, Tamil Nadu, Kerala and UP-East. Together, the […]
Indian business intelligence software revenue is forecast to reach US$139 million in 2014, up 15 percent from 2013, according to Gartner, Inc. This forecast includes revenue for BI platforms, analytic applications and corporate performance management (CPM) software. BI refers to the use of new, advanced analytical technologies to get customer and sales insights and utilizing […]
