TVS Motor Company recorded 6% increase in total sales in January, compared to a 2% increase seen in December. January sales was 186,313 units against 175,931 units recorded in the month of January 2013. December sales was 159,495 units. The company’s total exports grew by 39% with sales increasing from 20,723 units in the month of […]
Vodafone India has written to MF Farooqui, Secretary, Department of Telecom, seeking clarifications on the new spectrum usage charge regime cleared by Empowered Group of Ministers. Vodafone said it has “some reservations on the effectiveness of the revised regime” in fully addressing some of the “fundamental underlying issues and concerns” on the high level of […]
Persistent Systems reported another strong quarter, with 2.2% quarter-on-quarter growth in dollar revenue and 5.6% rise in profit after tax. The company, which provides software product related services, is one of the few that has lived up to Street expectations, especially in the mid-cap IT space. “We have delivered another strong quarter with 3.8% Q-o-Q growth in […]
After hectic talks between ministers and departments, the Prime Minister Manmohan Singh finally announced his response to the food price crisis — and it promises more of the same. The new measures — including a scheme to sell onions at Rs 35 per kg — are similar to those announced by the government to beat […]
After calling the Comptroller & Auditor General (CAG) report on the 2G scam “totally erroneous,” the government on Saturday moved to overhaul the existing telecom policy along the lines suggested by the auditor. Under the new policy, whose fine-print will be announced by the TRAI shortly, operators will no longer get spectrum free of charge […]
HCL Technologies said that the era of big bang outsourcing deals from the US has come to an end. Indian IT providers had seen a virtual disappearance of deals that generate $100 million or more per year when the recession started two years ago. Despite the recession ending, such deals are yet to make a […]
HP, the world’s number one PC brand that had lost its India crown to Dell early in 2010, came back on top during the fourth quarter, according to numbers released by IT tracker Gartner. Against Dell’s 13% marketshare, HP accounted for 15.8% share of all PCs sold in the quarter ended December 2010, according to […]
Incumbents mobile operators, who were widely expected to see an initial outflow of long-held subscribers, claimed that they were, on the contrary, winning the first round. “It looks like people who were the keenest for MNP to be implemented are also the ones who are losing the most,” said a senior Airtel official, an obvious […]
Union environment minister Jairam Ramesh on Thursday announced that the government intends to create nearly 10 million hectares of forests in the next ten years under its ‘Green India’ program. India currently has 69 million hectares, or about a fifth of its total area, under forests and had a long term plan to increase it […]
India and Japan inked a “Comprehensive Economic Partnership Agreement (CEPA),” short for a trade agreement that is just short of a free trade agreement. ” This Agreement is the most ambitious agreement signed by India so far and covers trade in goods, services and investment under its ambit,” the government of India said in a […]
Untitled document No MOU SIGNATORIES 1 Urea Manufacturing Ministry of Industry of the Republic of Indonesia H.E. Mr. Mohamad S. Hidayat, Minister of Industry VS. Ministry of Chemicals & Fertilizers India H.E. M.K. Azhagiri, Minister of Chemical & Fertilizers 2 Development of Industrial Complex Based on […]
As Western governments are cracking down on those who use unprotected computers to steal data and send spam emails, many of these ‘botnet’ networks have been successfully transplanted to countries such as India, according to Kaspersky Labs. While the US and Western Europe have fallen drastically as the areas from which spam and harmful viruses […]
India is likely to soon have one more auction for wireless broadband spectrum, according to sources in the Department of Telecom. The Department on Wednesday released details of how much spectrum is available in all circles across all the three categories of 2G, 3G and 4G or wireless broadband. Only wireless broadband has close to […]
The state-owned explorer ONGC claimed to have struck the first prospective shale gas deposit on Thursday. It said natural gas, trapped in shale rock deposits, flowed out from the Barren Measure shale in its first R&D well near Durgapur at Icchapur, West Bengal. “Though the well is still under assessment, the breakthrough is significant as […]
A year after promising a $1 billion loan to clean up the Ganga, the World Bank is in talks with India to fund new environment-related project, environment minister Jairam Ramesh said. “Our government is clear about the need to reflect and factor in ecological concerns into our growth process so that the benefits of growth […]
Indian government has decided to life the ban on 3G video calls on the new networks set up by private operators, the Ministry of Communication and IT said. It said the matter regarding Carriage of Video Calls in the network of mobile service providers was under consideration of the Government. It said that the ban […]
The government has registered a case against members of the banned Students’ Islamic Movement of India (SIMI) for holding an illegal terror training camp in Kerala. It was alleged that a secret training camp was organised by them at Thangalpara, Wagamon during Dec, 2007. National Investigation Agency re-registered the case as NIA Crime No. 04/2010 […]
Indian goods export created a new record in December last year, even as strong production numbers from Cairn India’s Rajasthan block reduced the oil bill to its lowest level in a year. As a result, India’s trade deficit narrowed to around $2 billion, the lowest number in several years and a fifth of the $10 […]
The government has raised the minimum wages under its ambitious job guarantee scheme, the National Employment Employment Guarantee Scheme (NREGS) 17-30%, it said in a statement on Tuesday. The increase has been based on the increase in the Consumer Price Index for the agricultural labour, it said, adding that the total spend on the project […]
Pakistan and India may be traditional rivals, but that has not stopped the smaller neighbor from considering the import of a controversial product from India — the electronic voting machine or EVM. The Indian Election Commission said its Pakistani counterpart has asked for a demonstration of the Indian machine and will soon send samples to […]
