SpiceJet Ltd today announced a “Super Summer Sale” for customers who book within the next three days, for travel between April 1 and June 30, 2014. It said the offer follows the success of the Super Sale offers that were launched by the airline earlier this year, and is “part of the airline’s commitment to […]
Indian public sector banks will find it difficult to maintain capital adequacy ratios unless the government provides more money to them to cover bad loans, ratings agency Moody’s has said. Indian state-owned banks are facing mounting bad loans, called non-performing assets or NPAs, as the country’s economy slows down and corporate clients are unable to […]
The Telecom Regulatory Authority of India has, for the third time, recommended to the government to charge a decent amount of price for the 800 MHz spectrum that it is about to sell to CDMA, or other, operators next month. It suggested a 50% increase in reserve prices for the 800 MHz spectrum compared to […]
The cloud services market in India will grow at close to 30% this year to about $550 mln, according to technology forecasting firm Gartner. The rate of forecast is three times the 10% growth that Nasscom has predicted for the domestic IT and BPO market in the year 2014-15. Gartner’s forecast includes only public cloud […]
A new BBC survey has underlined the importance of mobile phones in content consumption – especially news, and shown that Indians are ahead of others when it comes to using mobile phones for productivity purposes. The study, carried out among 6,000 smartphone owners in Australia, Germany, Sweden, India, Hong Kong and the US, found that […]
Infosys Ltd released a statement quoting the executive director of United Bank of India as saying that there ere no inherent deficiencies in Infosys’ banking software Finacle. United Bank had blamed the software for miscategorizing healthy accounts as non-performing assets earlier this week. Finacle has “inherent deficiencies to correctly identify NPA in certain categories of […]
The department of telecom’s decision to maintain a key clause about spectrum pricing in mergers and acquisitions will make such deals costly for both parties and has dampened industry enthusiasm considerably. In its announcement of guidelines for mergers and acquisitions for Indian telecom companies, the DoT has said that even if a company got its […]
Google India will host a two-day Hackathon and workshop in Bangalore focused on designing and creating Android applications in Indian languages. The event will take place on 21st and 22nd February, 2014, the company said in a statement. “Nearly 100 developers are participating in this event that is open to both amateur and professional developers. […]
There seems to be some delays in getting the valuations and finer details right for the Bharti Airtel-Loop agreement, going by the latest statement from Bharti Airtel. The company said it has agreed for a strategic network tie-up with Loop, which it expects later to lead to an integration of the two operations. It also […]
ONGC Videsh Ltd, India’s foreign-asset oriented state oil explorer, said it has signed a Production Sharing Contract (PSC) for two offshore blocks with the Bangladeshi government. The production sharing contract, the most important contract between a producer and the host country, was signed for shallow water exploration blocks SS-09 & SS-04 in the Bay of […]
With many news channels turning into ‘noise channels’ in their race for TRPs, media and communication professionals need to introspect over the need for responsible communication, experts at a conclave said. Participating in deliberations in the two-day Global Communication Conclave that concluded last night here, media and communication professionals raised questions relating to journalistic ethics […]
It has been a couple of years since 3G data services were launched in India, and tariffs have largely coalesced around certain points. While we have done similar surveys in the past to find out the cheapest data plan in India among 3G operators, we did yet another to account for the tariff changes over […]
Negative investor sentiment due to recent payment crisis in the National Spot Exchange Ltd (NSEL), sluggish participation in gold and silver futures and increased volatility following rupee have combined to pull down the turnover in India’s top commodity futures trading exchanges, according to an expert paper prepared by ASSOCHAM. From a peak of Rs 181.26 […]
Uninor, the Indian unit of Norway’s Telenor, reported a 67.3% year-on-year jump in operating profits (EBITDA) for the three months ended December 2013. The company also said revenue from its six operating states of Andhra Pradesh, Gujarat, Maharashtra, Uttar Pradesh, Bihar and Goa rose by 35.8% during the three months. They increased 15% in Norwegian […]
Vodafone will pay the highest amount to the government as a result of the 2014 2G spectrum auction, followed by Bharti Airtel, Reliance Jio and Idea Cellular. Vodafone will pay Rs 196.4 bln ($3.15 bln), followed by Airtel which will pay about Rs 185.5 bln, Reliance Jio Infocomm, which will pay around Rs 11.1 bln […]
Vodafone said it would pay Rs 19,600 crore (Rs 196 bln) for the spectrum that it won in the just concluded auction process. Vodafone has won bandwidth in 11 circles – Mumbai, Delhi, Kolkata, Karnataka, Kerala, Gujarat, UP East, Rajasthan, Haryana, Andhra Pradesh and Punjab. It said it will be paying 56 bln rupees in the […]
The operator and circle wise results of the 2014 spectrum auction in India has thrown up quite a few surprises, including the fact that the 900 MHz spectrum price was driven up by Idea Cellular, and not Reliance Jio as expected. (See the results chart below.) The biggest surprise of the spectrum auction results of […]
The Cellular Operators’ Association of India welcomed the end of the spectrum auction, at the end of 11 days of bidding. The COAI said it was also disappointed that the prices were so high, and requested the government to reduce some of the regulatory levies that were put in place during the era of free […]
Despite decent numbers, Infosys has put out a disappointing guidance for the March quarter – forecasting just 1-2% growth in revenues to $1.6-1.62 billion, compared to the 6% growth posted in the December quarter. The company seemed to be worried about the economy in general as well as with the currency fluctuations. “The weaker economic […]
HP has regained the crown as India’s number PC and laptop brand, nearly a year after it first lost the laptop crown to Dell. HP’s marketshare zoomed to 17.3% from below 15% during the previous quarter while Dell’s share hovered around the 14% mark. Acer remained at the third place at 11.5% during the quarter. […]
