Legal experts pointed out that the two sections under which Raja, Behura and Chandelia have been booked indicated the possibility of further arrests, including those from the private sector and their lobbyists. The CBI has booked the trio under the sections dealing with ‘criminal conspiracy’ and ‘criminal misconduct by a public servant’ of the Indian […]
Standard Chartered Bank of Britain has been granted permission to set up a ‘stock exchange’ trading in currency and interest-rate futures in India. The ministry of finance said that the Bank, through its Mauritius subsidiary has been granted the relevant permission to acquire an Indian company to set up the exchange. Currency and interest rate […]
The government will introduce the new Companies Bill in the Budget session of the Parliament beginning on the 21st and mandate international accounting rules in the new year, officials said. The ministry of Corporate Affairs also said there would be no mandatory provision requiring companies to spend 2% of their profits for social welfare purposes, […]
R.S.Sharma, chairman of India’s largest oil and gas firm ONGC, said he saw no immediate respite from climbing crude oil prices and said his own firm’s profits will be hit due to the spike. “I don’t think there is going to be immediate respite and the outlook is not comforting,” Sharma said while inaugurating the […]
Indian exporters posted yet another better than expected month in January this year, posting a growth of 32.5%, making January only the second month of $20 billion plus of exports ever. The $20 billion mark was breached in December last year when exports of goods were estimated to be around $22 billion. In all, Indian […]
Research In Motion, maker of the Blackberry smartphones, has denied that it intends to expose the communication of its corporate clients to the Indian government, but said it will allow legal access to consumer accounts. It also said that rumors about a planned move to give Indian government “full access” are hurting business. The company, […]
India’s largest consumer of diesel generators and its larges tower firm Indus Towers is considering replacing diesel generators with solar panels. The company, jointly owned by mobile operators Bharti Airtel, Vodafone Essar and Idea Cellular, buys up nearly 35% of all diesel generators made in India. “The initial program will cover 2,500 towers,” said BS […]
The one-month investigation report on the internal goings on in the Department of Telecom during the “2G scam” has implicated many of the top officials in the department during the last five years. The government, which officially received the report from the former Supreme Court judge Shivaraj Patil on Monday, however kept mum on the […]
The share of Indian companies in the global software product market can rise from about 0.5% at present to 18% by 2020, a new report by KPMG and Nasscom said. Indian IT companies need to adapt their business models to incorporate more and more revenue from products, platforms and other intellectual property, KPMG said, adding […]
The spectrum auction is shaping up better than the government expected, and a new milestone has been crossed — the price of 900 MHz spectrum has crossed that of the 3G spectrum that was auctioned in 2010. As of Saturday evening, the price of a 5-MHz block of 900 MHz spectrum in Delhi was Rs […]
It was much speculated whether the increase in mobile call tariffs over the last nine months would be beneficial or harmful for the telecom industry. The version that the telecom industry sold us was that it would be beneficial, as there was very little ‘elasticity’ in demand. Low elasticity means that even if the price […]
Telecom services provider Bharti Airtel announced changes to key personnel for its Africa operations. “The announcement follows a new structure of Airtel’s operations in which all operating countries will now be clustered into four Strategic Business Units (SBUs) whose leaders will report into the MD & CEO – Africa with effect from 1stApril 2014,” it […]
Mouthshut.com, an online consumer-review service, has decided to approach the Telecom Regulatory Authority of India (TRAI) and Department of Telecommunications (DoT) as Hyderabad-based ISP Beam Fibre blocked the consumer-review website, MouthShut.com. According to Mr Faisal Farooqui, Founder & CEO, MouthShut.com, the company got in touch with the nodal officer of Beam Internet, who confirmed the […]
Vodafone India, one of India’s leading telecommunications service providers, launched a new service that facilitates secure data transfer, especially pictures, videos and documents, from one mobile handset to another. Called the Vodafone Red Box Service, the service is available at any Vodafone RoTo (Retail of Tomorrow) stores in Mumbai. The Red Box facilitates easy and […]
Bringing the promise of relief to millions of suffering telecom subscribers, the Department of Telecom today clarified that private companies do not enjoy any immunity from prosecution at district consumer forums as has been argued by them so far. The Department of Telecom today said that private companies do not qualify under the definition of […]
Hero MotoCorp, which makes the Hero brand of motorcycles in India, said January shipments rose 0.6% to 561,253 two-wheelers. Two days ago, its former joint venture partner and current competitor Honda Motors and Scooters India had announced a 50% jump in shipments to 344,750 two wheelers in January. Hero, the biggest players in the market, has been […]
Triumph Motorcylces, the third global retro brand of motorcycles to hit India in recent years, will unveil its plans for the country on Thursday at Delhi’s Auto Expo 2014. The company is the third to expand in India after the iconic brands Harley-Davidson and Indian. British-owned Triumph has models starting at about Rs 590,000 in […]
The National Spot Exchange Ltd, caught up in allegations of rigging at its cash commodities exchange, alleged that the auditor Chokshi & Chokshi, appointed by the regulator, overstepped its terms of reference while drawing up its final report. NSEL said it was yet to get a final copy of the report, which has hit media headlines […]
In a departure from previous practice, Reuters, the venerable wire agency, has started putting out exclusive content on its website, Reuters.com, in an effort to differentiate the website from others. The wire agency, run by Canada-based Thomson Reuters Corp, is trying to adapt to a new web-oriented media world where the cost of distribution is […]
Even as market leader Maruti Suzuki reported a 10% fall in January vehicle sales, Ford India said it had seen a nearly 50% rise in sales during the same month. Including exports, Ford sold 10,634 vehicles January 2014, up 49 percent from 7115 units a year earlier. Domestic sales for January remained steady at 6,706 units […]
