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 […]
A year into its African Safari, India’s largest telecom operator Bharti Airtel has won a license to operate 2G and 3G services in Rwanda. Together with the 16 countries inherited from Zain, Airtel will not be present in 17 countries in Africa. Rwanda, located in in central and eastern Africa, has a population of approximately […]
Price rise continued to be high during the third week of January, according to numbers released by the Commerce Ministry on Thursday. The highest price increase was, expectedly, in Onions. Prices were more than double that of the same week a year ago, resulting in a whopping whole-sale price increase of 130% for the vegetable. […]
Motorola, on a comeback trail, has launched the Motorola Fire, a 3G Android touch-cum-qwerty phone that can only be described as disruptive technology at an irrestible price. There are, of course cheap Android phones etc., but usually they come from a new or unheard of brand and extract a price in terms of quality, design […]
Wipro posted IT Services revenues of $1.344 billion, a sequential increase of 5.6% and year on year increase of 19.3%. It is slightly lower than those of TCS and HCL Technologies, both of which grew dollar revenues in the 7-8% range. Infosys had grown by around 3% only. In Rupee terms, revenue was Rs 5,949 […]
Not everything contained in the US diplomatic cables leaked by Wikileaks is news. However, many cables are interesting not because they reveal new information about their subjects, but they give a clue about what interests the American government, what it keeps tabs on and how it views developments. The American government has great interest in […]
All three finalists in the National Geographic Bee Championship, one of the most prestigious academic competitions in the world, turned out to be of Indian origin. Rahul Nagvekar beat Vansh Jain of Wisconsin and Varun Mahadevan of California in the finals held on Thursday in Washington. The finals saw US President Barack Obama ask a […]
After Idea slashed its 3G rates, it is the turn of Reliance Communications. The firm has tripled its allowance for 3G data plans of upto Rs 408. However, unlike Idea’s offer, RCom’s 3G offer is only valid till end of October (next month.) Also, unlike Idea, Reliance Communications is not offering cheap rates across all […]
Lee Kwan-Yew, the World’s longest serving prime minister and the architect of modern Singapore, sees India’s rise as a welcome development, but felt the Indians were a sensitive lot who had to be handled carefully. Lee also expressed his worries about Malaysia, which he called a “divided society” thanks to race politics, according to a […]
With Honda yet to report its car sales numbers for February, it was clearly Ford which led the industry in terms of sales growth during the month. Tata Motors, on the other hand, was the worst hit, with sales falling 35%. Powered by the EcoSports, which was launched late last last year, Ford reported a […]
The global digital music market is expected to grow $9 billion worldwide in 2014, a report by Mahindra Comviva and Ovum Consulting said today. Across the nine markets surveyed (both emerging and developed), the share of devices used for listening, purchasing or downloading music has changed dramatically in 2013, as compared to 2010. Computer share […]
The following is the full text of the statement from Sahara Group on the arrest of its chairman and founder Subrata Roy. “We are meeting at a time when our organization has been very wrongly interpreted and presented in public against the backdrop of the ongoing Sahara – Sebi case. As the matter is Sub-judice, […]
While the outlook for global automotive manufacturers remains stable, demand in some emerging markets is expected to ease in 2014, says Moody’s Investors Service in an update to its Industry Outlook report published today. However, Moody’s expects that growth in China and the continued, slow recovery in Western Europe will offset some of this drop […]
Tech Mahindra said it has signed an agreement with BASF Business Services Holding, a unit of German chemical giant BASF, to acquire its business with third party customers. “This includes the 100%-owned subsidiary BASF Business Services Consult GmbH, based in Hamburg. BASF Business Services Holding GmbH will in future focus on providing information services, supply chain […]
Reliance Jio Infocomm could overtake Anil Ambani’s Reliance Communications in revenue over the next four to five years and corner 11% of the total wireless market, an analyst with a prominent global financial group has predicted. By the 2017-18, Reliance Jio and Reliance Communications would have very similar mobile voice revenue market share, at about […]
Moody’s Analytics economist Glenn Levine said there is little on the horizon that could lift India’s growth rate in 2014, pointing out that the government seems to be more focused on cash handouts ahead of the impending elections rather than investment. Levine said, however, that there is a chance of better governance, “especially if the business-friendly […]
Investigating agencies are probing irregularities at Bharat Sanchar Nigam Ltd in the payment of daily wages and in purchase of diesel for mobile towers in three states, the ministry of IT and communications said in a statement. The states where the irregularities have come to notice are Bihar, Karnataka and Punjab, the ministry said. “In Karnataka […]
