Microsoft revealed the results of a startling study of the banking sector in India today. Conducted by Ascentius Consulting, the study revealed that some 34,115 Indian PSU bank branches are at risk, thanks to their reliance on Windows XP. Windows XP will no longer be supported by Microsoft beginning April 08, 2014, but the study […]
The latest index of industrial production (IIP) numbers indicate continued stagnation in the economy, Crisil Research has said. Numbers released today revealed that the the IIP grew at a slower pace of 0.6 per cent in August as compared to 2.8 per cent in the previous month. “Excluding the exceptionally high growth of over 25 […]
In what has to be the biggest Wikileaks revelation so far to hit the government, a cable written just before the 2008 trust motion against government gave lurid details of bribing of MPs. Here is the extract: “On July 16, PolCouns [Political Counsel of the US Embassy] met with Captain Satish Sharma, a Congress Party […]
India may be headed for its highest ever foodgrain production and it will further ease India’s external trade deficit, Deutsche Bank Equity Research India has said. It said India was heading for a record food production thanks to the abundant monsoon rains this year. “Based on our analysis of foodgrain production estimates of individual states, […]
The first of Intel’s latest generation low-cost all-day computers based on the Bay Trail platform have hit the Indian market, starting with the two-in-ones – Asus Transformer Book T100 and HP Pavilion Touchsmart 11-H009TU. While the Asus Transformer Book T100 hit stores, including Reliance Digital, on Thursday, the more costly HP Pavilion Touchsmart 11 has […]
“TCS stuns street,” proclaims the Financial Express, reporting the 5.4% quarter-on-quarter revenue that India’s biggest IT firm reported for the September quarter. But a look at the finer print reveals that TCS’ results, while not bad, are not really that much better than what analysts had expected. For example, the biggest criterion by which performance […]
Toyota reported a 12% jump in India vehicle sales in November compared to a year ago, but India sales declined year on year. Most of the increase was because of strong exports. India sales fell by about 1.4% to 10,208 vehicles in November. November numbers are a reversal for the maker of Innova and Etios […]
Wipro, one of the top India-based IT services providers, said it has seen good potential and traction for open source software among its enterprise customers. The company, which announced a 2.7% quarter-on-quarter rise in its dollar revenue for the September quarter today, mentioned open source adoption as one of the key trends it is seeing […]
Harley-Davidson, arguably the world’s most popular cruise bike brand, has sold 4,000 of its bikes in India in the first three years of its operations in India. The company, which opened its first dealership in July 2010, opened its 12th showroom in the country in Panaji, Goa. “Buoyed by the positive response of customers across […]
The TRAI’s latest consultation paper on the pricing and conduct of yet another spectrum auction has re-started the tussle between big GSM operators who hold high-propagation spectra and others who hold ‘lower quality’ spectrum. However, according to the numbers given in the telecom regulator’s consultation paper, operators would be practically rolling in spectrum by the […]
Kerala High Court judge Kamal Pasha has urged Muslim organizations in the country to rethink their opposition to having a uniform civil code, or the same law for all citizens irrespective of their religion. Pasha, speaking at a conference organized by Justicia – a lawyers’ association, said Muslims must rethink the benefits of sticking with […]
Bangalore was the most visited city by business travellers in India in 2012, according to data released by Concur, the global corporate expense management firm. Concur, which used the help of IDC to mine data about expense filings by corporate employees, also found that business travellers to India spent considerably less in 2012 compared to […]
The Ministry of Petroleum and Natural Gas has denied media reports that the government may force petrol pumps to remain shut in the night to save oil. “There is no proposal under consideration of the Government to allow sale of petroleum products from the retail outlets only during certain hours,” a statement from the ministry […]
The ‘five inch’ revolution is only one year old, but already companies seem to be marching on to the next challenge – 5.7 inch, which have 30% more display area. Two 5.7 inch quad-core Android smartphones have already been launched in the last two weeks, and many more are on the way according to trends in […]
A staggering 43 per cent of total investment projects worth a humongous Rs 52 lakh crore attracted by states across India remained non-starter as of March 2013, while over 34 per cent of these investments are stuck at the stage of announcement, implementation of about six per cent of projects has been stalled and there […]
The Anil Ambani group got approvals for starting 18 TV channels in 2008, even as applications for starting another 34 channels are pending with the government, according to data from the ministry of information and broadcasting. The ministry has kept pending all the applications tendered by Ambani for starting news channels, while his applications for […]
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In an attempt to stem the relentless bleeding in the desktop market, Taiwanese major Asus has launched a desktop that does not require a UPS (uninterruptible power system). The new model, with prices starting from Rs 50,000 onwards, also features wireless charging for smartphones, high-speed storage ports, high-speed USB charging etc.. It also seeks to […]
While you may not have felt it, there has been an improvement in on-time performance of trains in the Indian Railways, according to numbers given by the ministry of railways. According to them, in July 2013, there was a 5% improvement in the number of trains reaching within 15 minutes of scheduled time compared to […]
The government’s move to promulgate a ‘food security’ ordinance to give subsidized food to two thirds of India’s population has drawn a mixed reaction from experts. While on the one hand, nearly all the experts agree that a form of food security is indeed required for the poor who cannot afford to eat, most are […]
