India’s exports set a new high in June, while imports showed a welcome slippage from the high levels shown in May, according to the latest foreign trade data. The oil bill, which had cross the $10 billion mark in the previous month, remained stable at around $10.2 billion in June too. Proving critics wrong, the […]
Essar Energy has said that its $350 million acquisition of Shell’s oil refinery at Stanlow in the UK, will help it export the products of its India refinery to the UK market. The Stanlow refinery, whose acquisition was completed today, is the second largest refinery in the UK and supplies approximately one sixth of the […]
Indian e-retailer Letsbuy.com has brought to India the qwerty-enabled Sony Ericsson Xperia Mini Pro priced at Rs 15,399 ($340) The phone, despite having decent specifications like a 1GHz processor, 5 Megapixel camera, WiFi and Android 2.3 Gingerbread, is not exactly the ‘latest and greatest’ in the league of smart-phones. The biggest factor that differentiates the […]
The Chinese telecommunications giant Huawei, the second largest equipment firm in the World, has appointed John Suffolk, former Chief Information Officer (CIO) of the British Government as its chief cyber-security officer. The firm said the move is aimed at developing a state of the art security system for the company which can be deployed to […]
Bharti Airtel clarified that media reports on its Chairman Sunil Bharti Mittal’s salary being raised to Rs 70 crore per year this year are inaccurate. Media reports had reported that his salary may go up from the current Rs 27.5 crore per year, giving the impression of an immediate hike. Bharti said the there will […]
The news has been confirmed — Apple has indeed emerged as the World’s single biggest smartphone vendor displacing Nokia, according to market research firm Canalys. Not only did Nokia surrender the first place, but it also lost the second place to Samsung during the quarter ended June, Canalys said. In all, nearly 107.7 million smartphones […]
India’s IT companies, the second biggest source of IT outsourcing services to the World, grew at their fastest pace in four years in the year ended March 2011, according to a compilation by Dataquest Magazine. The top 200 grew at 25% in the financial year, up from just 8% growth shown in the previous year […]
The Government of India has dismissed reports that India’s forests are declining at an alarming rate of 1% to 2.7% every year, pointing out that the definition of forests is quite broad in its dictionary. Responding to a question by an alarmed Rajya Sabha member today, the new environment minister Jayanti Natarajan said that any […]
Sprint, America’s biggest 4G operator, has launched HTC Detail, a tweaked version of the HTC Evo Shift that it launched for consumers earlier this year. HTC Detail will be part of its offering for ‘wholesale’ customers such as Mitel, which repackage Sprint’s services along with their own to sell to other customers, typically companies. The […]
Fans of Ubuntu can soon enjoy Gnome 3, the new radical overhaul of the look and feel of the Linux desktop, at a single click. The new interface can now be easily installed on the upcoming edition of Ubuntu, the Oneiric Ocelot, thanks to the migration of Ubuntu’s own user-interface ‘Unity’ from GTK-2 code to […]
US device maker Motorola has just announced that users of its Xoom tablets in Asia Pacific (including India) will be eligible for a free update of their operating system from Android 3 to Android 3.1 from tomorrow onwards. The update, the first major update to the tablet oriented Android Honeycomb edition, will resolve many pain […]
Google has reduced its call rates to Indian phones from 6 cents (Rs 2.70) per minute to 2 cents (90 paise) per minute and extended the service to customers outside the US, including those in India. Google phone-calls help customers call phones almost anywhere in the World at rates that are usually cheaper, sometimes much […]
Microsoft has escaped punitive action by the Indian competition watchdog after the law-firm that complained about its alleged abuse of monopoly failed to back up its case with evidence. Microsoft India was dragged to the Competition Commission of India (CCI) in August last year by Delhi-based law firm Singhania & Partners after the company demanded […]
Microsoft has opened a new research and development center in Bangalore, targeted primarily at improving its fledgling online ad business ‘adCenter’ and muscling in on the booming global online ad market dominated by archrival Google. The latter already has a huge research and development team in India which has been responsible for creating several of […]
Uninor, the joint venture mobile operator from the Telenor group of Norway and India’s Unitech, has posted surprisingly robust growth numbers for the second quarter. The firm’s revenues jumped 32% to Rs 572 crore in the just-concluded June quarter compared to the immediately preceding March quarter. Compared to the June quarter of last year, this […]
After playing second fiddle to ‘international’ brands in the 3G market, Indian brands too are now starting to come out with their own big-screen 3G devices. As for the customer, the rates being offered are around 10%-15% cheaper than those of foreign brands, though variety is quite restricted, with just one or two models with […]
Vodafone has launched what has to be the cheapest 3G plan in India, for its USB-dongle users in Delhi, disturbing the stability in 3G data tariffs seen in the last three months or so. See chart above for a list of cheap data plans. Also see our latest analysis of the data plans offered by […]
Mahindra Aerospace and Mahindra Satyam have signed a Memorandum of Understanding (MOU) for a trade partnership with the Eurocopter Group and its Indian subsidiary, Eurocopter India. The Franco-German-Spanish Eurocopter Group is a division of EADS, a world leader in aerospace, defense and related services and is the world’s number one helicopter manufacturer in the civil […]
Vodafone, World’s largest telecom operator by revenue, has bought 22% of its Indian joint venture Vodafone Essar from its partner, the Essar group, it said in a trading update today. In all, Essar holds around 33% of the Indian company and has agreed to sell the entire stake for a cost of around $5.5 billion […]
Verizon Wireless has launched the 4G LTE-enabled HP Pavilion dm1 notebook, famous for being the first notebook to come out with AMD’s new fusion series of chip. The notebook is targeted at those who use their laptops outside the limited range of their home or office WiFi, but don’t want to compromise on WiFi-like speeds […]
