While many exporters have never been happier thanks to the steep fall in the level of rupee to 60 per dollar, the Electronics and Computer Software Export Promotion Council (ESC) has urged policy makers to take a longer term view. The association pointed out that while, in the short term, exporters will get more rupees […]
Private Equity firms invested about $2,330 million across 82 deals during the quarter ended June 2013, according to early data from Venture Intelligence, a research service focused on private company financials, transactions and valuations in India. The investment amount was 17.7% higher than that invested in the same period last year ($1,980 million across 114 […]
Santosh Koli, one of the 11 Aam Admi Party candidate for the Seemapuri assembly constituency in Delhi, has recovered from her critical condition after an accident last week. Koli and her co-worker were hit by a car on their way to their office a week ago. AAP said Koli, a long time member of Arvind […]
Taiwanese peripherals and laptop maker Asus has signed on a second India-wide distributor to expand its reach across the market. Along with existing distributor Rashi Peripherals, Ingram Micro, a Fortune 100 company, will help the company widen its base, Asus India said. Unlike Rashi, Ingram is an international firm, and is expected to give marketing […]
SanDisk has tapped Freescale Semiconductor’s India head Ganesh Guruswamy to head its Bangalore-based India Design Center. Guruswamy, who has been appointed Vice President, will be in charge of leading the memory device maker’s Bangalore-based engineering teams to devleop what it called its next-generation consumer storage solutions, including USB flash drives, memory cards, microSD cards, and […]
One of India’s biggest neutraceuticals and health-food brands, Dabur, has clarified that it was not aware of exports of its products from India to the USA, leading to a US FDA alert. Media reports had said that the U.S. Food and Drug Administration, the agency that approves drugs and medicines and maintains quality of packaged […]
Google has unveiled what seems like a winner for the search company — rich, targeted ads from online retailers next to search results. The new service, called ‘Product Listing Ads’, is far more sophisticated and ‘compelling’ than the link-based ads that used to appear till now. Not only are these richer in information, but in […]
As expected, the Reserve Bank of India today held key interest rates unchanged despite calls from industry lobbies for easing money supply, despite a dip in inflation to about 9.3 percent. The following are key reactions to RBI’s move. CII The quarterly GDP figures point towards a poor health of the economy even while industrial […]
By now, iBall has made a name for itself in the crowded Indian tablet market by coming out with well-crafted and almost high-end devices at mid-range prices. It recently introduced the quad-core Q9703, the most advanced tablet by an Indian brand. It was also the first to come out with a dual-core tablet, along with […]
The tussle between Ahmedabad-based Nirma group and union environment ministry got tighter today as the ministry took strong exception to Nirma refusing to abide by its order. The ministry warned Nirma group that it its refusal to honor the ‘stop work’ notice given by it would be counted as a ‘dereliction’ and would be counted […]
Consumers may be flooding the Telecom Regulatory Authority of India (TRAI) and other organizations with complaints about Mobile Number Portability (MNP), but the TRAI is yet to impose even a single fine on a telecom operator in this regard. According to a statement by the Department of Telecom, the TRAI has never imposed a fine […]
It is rare for a telecom company to come out with a press release announcing an across the board tariff increase, but in an era of beaten down stock valuations, companies are taking desperate measures. Reliance Communications, one of the companies that has the lowest stock valuation compared to its revenue and earnings, has announced […]
Despite challenging economic conditions, the enterprise software market in India is projected to reach $3.92 billion in 2013, a 13.9 per cent growth over 2012 revenue of $3.45 billion, according to Gartner, Inc. Last year, overall Indian enterprise IT spending, which includes hardware and services — in addition to software — was forecast to increase […]
The Business Confidence of India Inc has taken a beating in the last few weeks and more so in the last 10-12 days as the foreign institutional investors which were single-handedly keeping the capital market alive have started withdrawing posing a big question on the source of financing the country’s wide current account deficit, an […]
New investment in India’s booming real estate sector fell to Rs 42,000 crore in the last financial year from 92,600 crore a year earlier, industry lobby Assocham said. Real Estate investments are an indicator the prevalence of money supply in the economy. Typically, most ‘surplus’ money tends to go into the real estate sector in […]
If you are curious about what NR Narayana Murthy has in store for Infosys Ltd, the IT company is planning to live webcast its annual general meeting that will happen in a week’s time. The webcast will start at 3 PM on Saturday, June 15, and be accessible on the outsourcing company’s website, infosys.com. Infosys […]
LG has launched two new models of smartphones – one, an overpriced 4.3-inch dual core device and the other a (sort of) decently priced 3.2 inch smartphone. Before you wonder what is so special about these, let’s break the suspense – almost nothing. But if you’re a great LG fan and you wanted a small […]
Government of India does not have its own equipment to measure electromagnetic radiation from cellphone towers, Junior Minister Milind Deora has told the Parliament. According to the minister’s statement, the government depends on the equipment provided by telecom operators to measure the level of radiation emitted by their towers. “.. The test tools provided by […]
The Indian mutual fund industry achieved a milestone in May as total assets under management hit a record high, but things were less rosy for the crucial equity sector. Equity assets under management declined for the 11th time in 12 months as the stock market continued to be caught in a sideways movement. “Equity funds […]
Indian brand iBall has made a name for itself in the domestic tablet market with its slide series. While not exactly a Samsung Galaxy beater, the iBall Slide series has been perhaps the best local brand of tablets so far, compared to the likes of the HCL, Spice and Videocon. The latest launch in the […]
