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 […]
In the first VC investment in mobile advertising in India since the global downturn, IDG Ventures has invested $3 million (Rs 13.5 crore) into Vserv, an Indian tech start-up that specializes in serving ads within mobile phone applications. Vserv is one of the few Indian start ups in the mobile eco-system to make an impact […]
CSC, one of the biggest IT services companies in the World with 20,000 employees in India, has set up a new unit targeting the Indian market. The company, also known as the Computer Sciences Corporation, was one of the pioneer IT services firms dating back to 1959, but lost out some of the momentum compared […]
The Telecom Regulatory Authority of India (TRAI), India’s regulator for the media and communications sector, has pulled up major broadcasting companies for violating its pricing rules for TV channels. The regulator, in separate letters addressed to Sun Network, Start Den (of the Rupert Murdoch group), Zee Turner, Taj (Ten Sports), Neo Sports & ESPN, directed […]
With another disappointing quarter from Wipro, the stage is now all set for the ascendancy of the Chennai-based Cognizant Technology Solutions (CTS) into the hallowed group of India’s top 3 IT companies. The top 3 slot had been occupied by Tata Consultancy Services, Infosys Technologies and Wipro for as long as most people can remember. […]
HTC Corporation has launched its ‘facebook phone’, the ChaCha (or ChaChaCha) in India at a price of around Rs 16,000. The phone has been launched in association with Tata DoCoMo, which basically means that you get a lot freebies if you buy it from Tata DoCoMo. The phone is available to everyone, whether a DoCoMo […]
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 […]
‘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 […]
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 […]
Airtel digital TV-the DTH service from Bharti Airtel, has added 41 new channels to its bouquet, taking the total to 247. The move will allow Airtel Digital, which has been more of a trailer in the DTH wars as far as channel selection was concerned, to move up to the level of other players like […]
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. […]
Idea Cellular, the mobile service provider from the Aditya Birla group, has overtaken the state-owned Bharat Sanchar Nigam Ltd (BSNL) to emerge as the fourth largest mobile operator in the country. Idea, which started its life as Tata Cellular and later transformed itself to the Batata (Birla-Tata-AT&T) alliance, has been one of the fastest growing […]
Greenpeace, the World’s most vocal environmental activist group has upped the ante against private mobile operators in its fight to get them to “switch off diesel” and move to renewable energy for towers. The activist group has launched a nation-wide sticker campaign against operators under which it will distribute stickers to mock their refusal to […]
The Bennett, Coleman & Co Ltd, popularly known as the Times of India group, has decided to tweak its strategy for the online market (Internet). The group, which has always been pushing its ‘indiatimes.com’ brand, has now decided to co-opt other dotcoms in a partnership that it hopes will benefit both parties equally. Realizing that […]
As the Monsoon completes its onset across the whole of the subcontinent, latest rainfall indicate a comfortable situation for the country as a whole. At of yesterday, most of the regions of the country have received comfortable amount of rainfall and though, for the country as a whole, rainfall this season was 3% below average. […]
The return of growth has been accompanied by a strong appetite to increase spending on BPO projects, according to IT research firm Gartner. A survey of 600 mid-to-large companies in 14 countries found 54% of the respondents looking to increase their BPO spending this year by 5% or more. Out of this, 20% (of the […]
Despite Idea’s PR agency denying the accuracy of a story published by RTN almost a month ago, Vodafone India has reportedly confirmed the existence of 3g pact between itself and Idea. According to a report by the Hindu Business Line , Vodafone confirmed to the paper that the company does Indeed have such an agreement […]
The Corporate Affairs ministry, headed by Murli Deora has tried to play down the ‘clean chit’ that it allegedly gave to the Essar group and Loop Telecom on violating cross-ownership rules in Telecom. The controversy arose after the Supreme Court directed the CBI not to be influenced by the Ministry’s certifications or deviate from the […]
