The digital advertising market in India grew by 39% to Rs 3,000 crore, or about $600 mln, in 2013, and would grow by 37% in 2014 to reach Rs 4,120 crore, according to a KPMG FICCI report on the media and entertainment sector in India released today. Mobile advertising was a relatively small part of […]
Continuing its promotion schemes, SpiceJet Ltd today announced the Super Holi Sale, a five day offer applicable on bookings made between 12th March and 16th March 2014, for travel between 14th April and 30th June 2014. Fares start from Rs. 1999/- all inclusive on select routes and flights, SpiceJet said. Lowest fares are for bookings […]
The soaring popularity of big size phones, or phablets, is affecting sales of tablets in India, according to market tracker 6Wresearch. Phablets, or phones with displays of 5 to 6 inches, have increasingly gained consumer affection due to three factors. First, they come with built-in cellular and 3G connectivity, unlike low-cost tablets that typically offer […]
Assets under management (AUM) of the Indian mutual fund industry increased 1.45%, or by Rs 131 bn, in February to a record Rs 9.16 trillion, according to the monthly numbers released by the Association of Mutual Funds in India (AMFI). The spurt was primarily due to inflows into income and equity-oriented funds. On the other […]
India can aspire to quadruple its revenues from Africa to USD 160 billion by 2025 by developing its presence in sectors where India has a unique value proposition and African nations have high needs such as IT services, agriculture, infrastructure, pharmaceuticals and consumer goods, according to a McKinsey report released at a CII event. According […]
Oil and Natural Gas Corp (ONGC) Ltd has denied an Economic Times report that said that quoted company officials as saying ONGC was under pressure from the government to act on concerns that Reliance Industries Ltd could have pumped out gas from a reservoir belonging to ONGC in Krishna-Godavari Basin. ONGC said it had certain […]
In news that would bring a smile to motorcycle fans of the country, KTM India has lowered the prices of both its models in the country the 200 Duke and the 390 Duke. The 390 Duke is now priced at Rs. 1,80,942 (Ex-Showroom New Delhi) which means a price reduction of almost Rs. 5600 while […]
Reliance Jio Infocomm Ltd said it will use the towers of Bharti Infratel for its pan-India LTE rollout, and gave more details of its plans. The company said it will offer connectivity, communication and various digital services on pan India basis in key domains such as education, healthcare, security, financial services, government citizen interfaces and […]
A Consortium led by GMR Infrastructure Limited has won construction package of rail line doubling between Jhansi and Bhimsen stations in the State of Uttar Pradesh, India., the Bangalore based infrastructure company said. The total contract is valued at approximately Rs. 267 Crore of which GMR’s share of work is about Rs. 135 Crore, it […]
Real Estate major DLF Ltd has vehemently denied a report in Times Now that said that the company had been allotted 23 acres of land 3.5 km away from the Parliament of India at a throwaway price. The report, aired last night by the news channel, had claimed that even the Prime Minister’s office had […]
It’s the battle for the mid segment of India’s booming smartphone market, and it looks like Nokia X series may be the first to hit the market by a whisker, beating Samsung’s Tizen operating system. According to sources, Samsung has exhibited its upcoming Tizen based smartphone to developers in India and the first of Samsung […]
Yamaha Motor India Sales Pvt. Ltd. said domestic sales of two-wheelers rose 32.5% in February 2014 compared to the previous year. Domestic sales had risen by 6.5% to 31,721 units in January. It was not clear what the exact reason for the sudden jump was, but the company said the launch of its new scooter helped […]
The unexpected arrest of the former minister and two officials in the 2G scam has caught many by surprise, but for the original 2G scam petitioners in the Supreme Court, the move smacks of political maneuvering under increasing legal, political and public pressure. “I don’t know how serious the investigation is,” said Prashant Bhushan, counsel […]
Departing from the noncommittal statements of his predecessor Sharad Pawar, the new food minister KV Thomas has squarely blamed traders and intermediaries for the recent spike in onion and vegetable prices. Thomas, discussing the matter for the first time after taking over as independent minister of state for food, public distribution and consumer affairs, said […]
Following a telecom ministry directive, the Telecom Regulatory Authority of India (TRAI) has urged the government to determine the price of extra 2G spectrum through auction if it also cancels licenses of those who have not started operations. In case the government does not cancel licenses of new operators, TRAI suggested fall-back prices that would […]
The telecom regulator has invited feed-back on an industry-wide transition to clean energy. The Telecom Regulatory Authority of India (TRAI) has suggested htat a total switch-over from diesel would save nearly 200 crore litre of diesel or Rs 6,500 crore per year. “With the double whammy of increasing energy consumption and rising cost of fossil […]
It’s been just five years since K Ganesh, one of the pioneers of the Indian BPO industry founded Tutorvista.com — aimed at remotely tutoring American kids who could otherwise not afford private tuitions. Five years and 2,000 teachers later, Ganesh has handed control of his firm to the world’s largest educational materials provider — the […]
More than two years after the US and the the Nuclear Supplier’s Group and years after Indian firms inked deals with French and Russian firms, the US has finally sent a delegation to explore and ink deals with its own firms. Commerce Secretary Gary Locke has brought heads and officials from 24 US firms in […]
HP, arguably the World’s largest IT company, has opened two out of the four new IT outsourcing facilities it plans to add in India this year. The two facilities, part of its plan to make India one of its six global hubs for services, will provide Infrastructure (technology) Outsourcing services for HP’s global clientbase, it […]
India lobbied the US against imposing sanctions on Iran for trying to develop nuclear weapons, considered a US suggestion to put troops on the ground in Afghanistan and was concerned about Bangaldesh and the Gulf emerging as new terrorist routes into India, according to Wikileaks documents. The revelations have come in the latest batch of […]
