With a view to counter the attractiveness of Reliance Communications’ emi scheme for Apple iPhone and clear out existing stocks, Samsung has also tied up with credit card companies and Ingram Micro to offer a unique buy-back guarantee scheme for its mobiles. Under the scheme, which also enables the user to buy Samsung mobiles on […]
Analjit Singh, Chairman of Max India Group, dispelled suggestions that he was not paid his due share when Britain’s Vodafone Plc increased its stake in the company’s Indian arm to 100%. Singh said his stake was routed through various companies that in turn had debt obligations. As such, he explained in a statement, the amount […]
Indian IT professionals are likely to earn less dollars per hour this year as some IT companies have opted to compete by passing on the benefits of rupee depreciation, DHL said, quoting Crisil Research. Billing rates are likely to fall to 74.7 dollars (Rs 4,600) per hour for onsite workers, while they are likely to […]
Tata Consultancy Services, which employs nearly 2.85 lakh people, said it would set up the world’s largest corporate training center in Thiruvananthapuram in Kerala, overtaking Infosys’s Mysore training campus in size. The 6.1 million square feet facility will be able to train 15,000 people at the same time. Infosys has a Rs 260 crore corporate […]
One of the interesting insights into the results reported by Indian mobile companies in the last two weeks is the slowdown in growth. Idea Cellular, which was the most aggressive in hiking call tariffs, saw the biggest decline in growth, while Bharti Airtel, which was the least aggressive in raising call rates, saw the least […]
The fledgling political party started by activist Arvind Kejriwal got off to a good start, with both BJP and AAP leading in 2 seats each according to the initial trends in Delhi Assembly polls today morning. Delhi was set for a hung assembly, with BJP coming up with 32-33 seats, AAP with 22-23 seats, Congress […]
Acer has launched four new monitors – KX 1563, KX 1853, HX 1953 and FHX 2153 – under its lower-price Gateway brand in India. Gateway has been Acer’s brand for the cost conscious and first-time buyers, and has largely been confined to notebooks so far in India. Acer has a strong marketshare in the monitor […]
A lot of people were wondering whether there would be any future for the Aam Aadmi Party (AAP) if they failed to win at least five seats in the Delhi Assembly elections. Some of that worry dissipated when the exit polls predicted the party to win 10-20 seats out of the total 70. But the […]
Peter Burleigh, the former interim ambassador to India, was much impressed with Rahul Gandhi whom he called a “young man in a hurry.” Burleigh, who met Rahul in 2009 after a “long-standing request for an appointment,” dismissed the idea that the Gandhi scion was a “dilettante” (amateur) and was impressed with his party-building ideas. “Gandhi […]
It was a big victory for Apple in one of the biggest telecom markets in India as it made its first real deal with an operator here to sell the latest iPhone 5S and 5C under contract. Apple had been trying for years to get any prominent mobile operator in this country of 1.2 billion […]
As new netbooks and tablets based on the latest generation of Intel processors trickle in, one thing is clear — Intel has overhauled its naming conventions for its products, and all the new chips promise all-day battery life. The new chips comprise of two broad architectures – Haswell and Silvermont (Bay Trail). The other big […]
It’s probably no surprise, but the recently launched Honda Amaze is thrashing the competition, including, unfortunately for Honda, it’s flagship Honda City. According to October sales numbers, Honda Amaze sold 9,564 cars in October, while Honda city sold just 31 cars all over India during the month of October. A year ago, in October 2012, […]
A year after Starbucks entered India under alliance with the Tata group, the chain continues to grow fast – inaugurating its 27th store on Saturday in Mumbai. The store is Tata Starbucks’ 13th store in Mumbai. Starbucks entered the Indian market in October 2012 and operates cafes in Mumbai, Delhi NCR and Pune. Starbucks competes […]
Dabur, the brand that brought Tetrapak fruit juices to the Indian consumer, has entered the ‘milk shake’ market with the launch of Real Fruit shakes. The market is largely unexplored. Currently, milk-based products include flavored milk such as ‘badam’, vanilla etc, and yoghurts or traditional preparations. Real Fruit shakes are priced at Rs 105 per […]
With bulk of the speculative activity around rupee value in the foreign exchange market ebbing away, the dollar value is not likely to go beyond 62-63 even after RBI withdraws the temporary measures like direct sale of dollar to the oil importing companies and FCNR swap facility, an ASSOCHAM paper on Rupee Rate has said. […]
Bhim Singh, head of the Jammu & Kashmir based National Panthers Party has come out in support of former army general, VK Singh, but demanded that any ‘secret’ funds used for influencing politicans be made public. He called the allegations against former Singh “politically motivated, mala fide and without substance.” The Indian Express had written […]
The Indian mutual fund industry’s month-end assets under management (AUM) posted its fastest month-on-month percentage growth since April 2013 and was up by nearly 12% to Rs 8.34 trillion (Rs 8,34,000 crore) in October. The rise in AUM was primarily due to total net inflows of Rs 663 bn with liquid / money market funds […]
The Associated Chamber of Commerce and Industry of India (ASSOCHAM) has called the government’s move to set up the seventh pay commission to look at increasing salaries of government employees ‘out of turn’. It warned that such a move would lead to pressure on the state governments and the private sector to increase salaries, leading […]
India’s exports kept up the pace for the fourth straight month by expanding at 13.5% -a 24 month high. Imports too declined in Oct’13, though the pace slowed down a little. Non-oil imports declined by 22.8%, with oil imports posting a marginal pick-up in growth. Cumulative trade balance was at $90.7 billion during Apr-Oct’13. “The […]
Ultra HD TVs that offer four times the resolution of full HD TVs are likely to become more affordable in India this festival season, with local brand Videocon all set to hit the market. At present, Ultra HDTVs, such as the Sony XBR-84X900 (Rs 16 lakh) cost more than eight times what a similar full […]
