The steeper than expected hike in short-term interest rates by the Indian central bank has irked the industry, which had been calling for the Reserve Bank of India to desist from hiking rates. Against an expectation of 0.25 percentage points, the RBI chose to err on the side of caution by hiking short term base […]
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 […]
After Airtel Digital, Tata Sky, one of India’s biggest DTH players, has introduced a mobile application that can control its recording-enabled set top boxes. The application, that will work only on apple products (unlike Airtel’s Java app) can also be combined with an ‘orb-shaped’ (elongated spherical) device to control the TV and set top box […]
Verizon Wireless, the first major telecom operator in the World to launch 4G LTE, has introduced the 10-inch Samsung Galaxy Tab for US customers. The 4G LTE-tablet, arguably the most advanced in the World today, will be available for $530 and $630 for the 16 GB memory version and the 32 GB memory version respectively. […]
HP, India’s number two PC maker and the World number one, has combined a 21.5-inch TV and a full-fledged computer into a single product introduced at around Rs 27,000. The new product, called the HP Omni 200-5310IN, is similar a mash up of the all-in-one PC with the LCD TV. While an all-in-one PC does […]
Despite delays and apparent difference of opinion at high levels, the food minister KV Thomas today re-iterated that the Government will push through a ‘Food Security’ bill, possibly in the coming session of the Parliament itself. He also hinted that the Government version of the bill may different from that suggested by the National Advisory […]
China’s biggest local brand and the fastest growing mobile brand in India, G’Five, has brought out five new models in India — three E series (E680, E650 and E620) and one G Series (G20,) the highlight of which is the ‘gaming console’ on the last one. The E series phones have 2.2 inch displays while […]
HCL Technologies, the IT services arm of the HCL group, has put up an impressive performance in the June quarter, especially in the profits department. EBIT, which shows actual profits from the company before being adjusted for interest and tax, was up a whopping 13% in the quarter compared to the immediately previous quarter ended […]
The Supreme Court of India has ordered a 42-year-old Air India official to pay Rs 40 lakhs lump-sum or Rs 40,000 per month to his estranged wife to enable her to maintain her old lifestyle. The order marks a departure from the traditional ‘enough to keep her out of poverty’ assessment of the alimony amount […]
Despite positive comments from the experts on HCL Technology’s June quarter results, the street seems to have given a thumbs down. HCLT had announced an impressive 13% quarter on quarter jump in its pretax, pre-Interest profits, but sales growth was slower than usual at 5.3%. The stock was down 1.83% at Rs 505 on the […]
The Supreme Court of India has abrogated an oft-quoted ruling by the Andhra Pradesh High Court on the applicability of state amendments to central laws. The Court also restated its absolute powers to intervene in any case without the need for an appeal or complaint to push the cause of Justice and refused to be […]
Ever wondered how to safely dispose of your old mobile phone? Wondered what to do with the beyond-repair TV lying in the store-room? Enter Attero Recycling, a Venture Capital funded start up targeting the emerging Indian market for recycling. Thanks to new environmental regulations under process, all electronics companies will have have ‘take back’ mechanism […]
After entering a hyper growth face, India’s telecom market seems to be finally cooling off, with subscriber addition numbers showing a sudden drop off in April and May. The net wireless addition for the month of May, the latest for which data is available, was just 13.5 million, down from 15.34 million in the previous […]
