Falling commodity prices will slightly improve profit margins, while overall revenue in Indian corporate sector is likely to have increased 11-13% in the last three months of 2012, Crisil Research said. Crisil’s forecast is neither too gloomy, nor too rosy, as it points to strong volume growth only in 11 out of 28 key sectors […]
After close to two years, Acer, the world’s fourth largest PC brand, has introduced a tablet to the Indian market – the Iconia B1. The tablet is only likely to appeal to those who want to use it indoors (or where Wifi is available), and want a portable tablet of 7 inches, and fails to […]
PJ Kurien, deputy Rajya Sabha chairman and a prominent Congress leader from Kerala has found himself in the middle of a raging media storm in Kerala, with a TV channel running an interview with the victim of the infamous Suryanelli gang rape case. The victim, who was 16 years old at the time of the […]
If you felt your recent flight landing at Tirupathi was a bit shaky, you may not have been totally wrong. According to the list of disciplinary actions taken by the Airports Authority of India (AAI), firefighting personnel were found handling air traffic control at the Tirupathi airport during a checking earlier this year. According to […]
China and India will be the hottest markets for mobile advertisements in the immediate future as an exploding smartphone and tablet population in these countries are targeted by brands, Gartner has predicted. The research agency also admitted that the growth of mobile advertisements has been faster than it initially anticipated, partly due to the rapid […]
A Patiala House court has started the process of framing of charges against Suresh Kalmadi in the Commonwealth Games (CWG) case. The CBI’s chargesheet against Kalmadi, chairman of the Commonwealth Games organizing committee, and his associates accuses them of causing a loss of about Rs 100 crore to the nation. Framing of charges marks the […]
India’s current account deficit (CAD) reached an all-time record of $22.4 billion in the quarter ended September 2012, even as capital account inflows rose sharply in reaction to government’s economic reforms, according to Reserve Bank of India numbers compiled by Crisil Research. Current account refers to ‘permanent’ movement of money into the country, such as […]
Market leader Airtel also leads in generating the largest number of consumer complaints to the telecom regulator, junior telecom minister Sachin Pilot said on Wednesday. Replying to a question in the Lok Sabha, Pilot said Airtel accounted for roughly one third (32.5%) of all the complaints received by the Telecom Regulatory Authority of India against […]
The average amount spent by an Indian has gone up by 66% in rural areas 70% in urban areas — with Keralites being the “richest” among the big states, according to the results of the last year’s expenditure survey the Government of India’s National Sample Survey Office (NSSO). The average (per head) expenditure figures are […]
Get ready to spend this monday. Online shopping companies are bringing the online discount shopping festival ‘Cyber Monday’ to India. About 50 online shopping companies have set up the Great Online Shopping Festival website www.gosf.in promising steep discounts this monday. “Buyers can look forward to exciting deals across a variety of product range,” said Google, […]
Cognizant said it is buying six companies of C1 Group, an independent consulting and IT services firm based in Hamburg, Germany. The terms, including the value and nature of payment, of the transaction were not disclosed. “The companies focus on three industry segments: manufacturing and logistics, energy and utilities, and financial services. Known for their […]
The alleviation of the alleged harmful effects of mobile towers (EMR) on human health has become more complicated with the Department of Telecom rebuffing a suggestion by the Ministry of Environment and Forests on the subject. Apparently piqued over a recent directive by the environment ministry seeking new limits on the number of cellular towers, […]
Anil Ambani group’s Reliance Communications, one of India’s biggest telecom operators, has joined the list of operators who will offer free or cheap unlimited data access to those who use Facebook services on mobile. While many others like Aircel offer free or unlimited access to Facebook on mobile, Reliance Communications has decided to offer unlimited […]
After much waiting, Apple iPad 4, the latest in the series of tablets made by the iconic brand, has hit Apple Stores in India. According to consumer reports, Apple iPad 4, released a few weeks ago in the U.S., is now available in certain Apple Stores, particularly in the bigger cities like Delhi and Mumbai. […]
Government of India seems to have made up its mind on cutting the number of employees in state-owned BSNL by a third, or 1 lakh, in an effort to turn around the loss-ridden company. Responding to a question about how BSNL and MTNL can “manage their affairs with such a huge reduction of staff”, the […]
Micromax, which is placed third in the number of mobile phones sold in India, however, seems to be the hot favorite for those who buy their phones from online vendors, going by numbers from Snapdeal.com, one of India’s top online retailers. The Gurgaon-based company is among the few Indian brands that has survived the initial […]
Videocon has launched two large 3G phones that are the cheapest in their category and are sure to give strong competition to others like Karbonn and Micromax. The 3.5 inch A20 is priced at a jaw-dropping Rs 4,900 and the A30 is priced at Rs 7,200 – much below what similar models are priced at […]
Call it a consolation prize, but India’s goods trade deficit, which zoomed 56% last year to $185 billion, is likely to fall this year due to the poor economy, Crisil Research said. Trade deficit refers to the shortfall between how much a country earns through exports to other countries and how much it needs to […]
Swedish do-it-yourself furniture retailer IKEA may get its way on bringing its large-store format largely unchanged to India, according to latest indications from Anand Sharma, the commerce minister of India. India’s foreign investment promotion board or FIPB, the body that gives approval to big direct investment proposals from outside the country, had “struck off” certain […]
The government has not come across any “irregularity” in the Antrix-Devas deal nor has the deal caused any loss to the government, the office of the Prime Minister, who is charge of Department of Space, told Parliament. The statement has come despite a recommendation by the Cabinet to annul the $300 million deal. Minister of […]
