Sibal says nothing amiss in selling of stake by alleged beneficiaries of Raja scam

Defending against former telecom minister A Raja’s allegation that neither the Finance minister and the Prime Minister raised objections when the alleged scam beneficiaries were benefiting from foreign investment into their ‘tainted’ companies, telecom minister Kapil Sibal said there was nothing wrong with the funding. In a statement, he said that the under the rules […]

Mobile transactions up 76%, but poor growth in developing countries: Gartner

‘Tis verily the season of mobile banking predictions. Shortly after the Boston Consulting Group surprised even the optimists with a $350 billion possible market-size for mobile transactions in India in four years, Gartner has come out with a forecast warning of lower than expected growth in developing markets. At present, the Indian mobile transaction (also […]

Competition Commission okays mega-TPA formation by public sector insurers

The newly-set up Competition Commission of India (CCI) has thrown out an appeal to prevent India’s public-sector insurance companies from forming a single, jointly-owned and powerful TPA or health insurance agency. The complaint was filed late last year by the Indian Third Party Administrators Association, which represents the interests of independent, and mostly small, third […]

TCS will focus on own brand and identity for Cloud services: Chandrasekaran

Tata Consultancy Services (TCS) has based its Cloud strategy on an ‘own brand’ model, CEO N Chandrasekaran told reporters in Delhi today. He said TCS’s strategy for the Cloud market — in which software is not purchased or ‘deployed’ by customers, but used through the Internet — will not be dependent on other big cloud-brands. […]

TRAI insists on cancellation of several Loop, MTS & Uninor licenses as DoT demurs

Disagreements have cropped up between the Department of Telecom and the Telecom Regulatory Authority of India (TRAI) over the cancellation of 31 licenses belonging to Loop Telecom, Sistema Shyam (MTS) and Uninor (Unitech-Telenor) See chart of the licenses While the regulator wants these licenses to be cancelled for failing to launch services within two years […]

IBM ‘shrinks’ the mainframe to offer the cheapest price ever, targets smaller firms

After consolidating its position in the very top-end of the power-computing market, IBM has now moved to bring the power of mainframes to the mid-range. It announced the launch of a new “affordable” mainframe targeted at both the mid-end and the emerging markets, called the z114 system. In its announcement of mini mainframes for the […]