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 […]
Tamil Nadu chief minister J Jayalalithaa’s pet project Arasu Cable is likely to get into trouble as the Telecom Regulatory Authority of India (TRAI) has come out strongly against allowing any government agency or company to enter the broadcasting space. In its clarification to the government given today, the TRAI said any government company or […]
No security violations or snooping by telecom equipment from Chinese vendors like Huawei and ZTE has ever been noticed, but India will start conducting its own tests from April, the government of India told the Parliament. In response to a question on whether Indian security agencies have “expressed concern” over the market dominance of a […]
A day after launching India’s cheapest 4-inch 3G Android phone, Videocon again blasted away the competition launching India’s only Rs 10,000-range 10-inch HD tablet. Not only is the Videocon VT10 the only 10-inch HD tablet, it also the only large-screen tablet available in India for under Rs 11,000 that can boast of an IPS display. […]
Worldwide external controller-based (ECB) disk storage vendor revenue totaled $5.3 billion in the third quarter of 2012, a 3.6 percent increase from revenue of $5.1 billion in the third quarter of 2011, according to Gartner, Inc. The third quarter of 2012 was the 12th consecutive quarter of year-over-year revenue growth. “Reflecting the weak global macro […]
BSNL, the former telecom monopoly of India, has lost nearly 8 lakh mobile subscribers, or about 1.5 percent of its active mobile base, due to number portability as of the end of October, government of India’s numbers revealed. There was also a sudden spike in October this year in the number of telecom subscribers using […]
India’s mobile subscriber base, which has grown consistently for the last two decades, has fallen by 30 million in just four months, primarily due to pressure on the operators to ensure full documentation of their subscribers and deactivate zombie accounts. Starting from June, India’s mobile operators, including Tata DoCoMo, Reliance Communications, Bharti Airtel, Idea Cellular, […]
At last, China-powered Indian branded tablets can compete with those of Samsung and Apple, thanks to the launch of several new cheap tablets in the dual-core, IPS 10-inch display category over the past few days. Coming less than a week after Mediatek, which supplies the chips for a large number of Chinese manufacturers, announced plans […]
It’s not exactly the hottest battleground in the war between graphics giants Nvidia and AMD-ATI, but it looks like Nvidia, which already had a nice lead, has pulled far ahead of ATI in the Linux market. The Linux operating system, including variants such as Ubuntu and Android, is rapidly rising in popularity. However, most commercial […]
The chief information commissioner (CIC), India’s top body for administering the Right to Information (RTI) Act heard arguments from the NGO Association for Democratic Reforms (ADR) for making income tax returns of members of parliament public. The arguments were in an appeal filed by the NGO after its requests for getting the income tax returns […]
During the financial year (FY) 2012, while the asset-backed securitization (ABS) issues have increased by 58% to 178 transaction from 113 (FY11), while the residential mortgage-backed securitization (RMBS) registered marginal increase to 22 transaction from 14 (FY11) only, according to a joint study by ICRA and ASSOCHAM. ABS is an investment option. An ABS gets […]
The Supreme Court’s judgment on the appointment of the Chief Vigilance Commissioner PJ Thomas gives clear details about how the Congress government, both at the Centre and in Kerala, tried to quash the criminal proceedings against PJ Thomas. The Judgment, which scrutinizes the role of the Department of Personnel and Training of the Central government, […]
In a major coup, Infosys said it has got the contract for government of India’s e-filing service, MCA21. The project was earlier being handled by Tata Consultancy Services or TCS. “Infosys will revamp the existing application, after the transition from the incumbent vendor and manage the overall transformation to MCA21 v2.The company will provide services, […]
Indians are consuming milk products like never before, according to numbers from the commerce ministry. While exports of dairy products out of India have plummeted in the last three years, their imports have soared, indicating strong demand for milk and milk products. India has the largest number of cows in the world and produces the […]
India’s National Association of Software and Services Companies (NASSCOM), the biggest association of software and services companies, has said that it now expects industry growth this year to be at the lower end of its earlier forecast. It now expects industry export revenues of $75-77 billion in FY 2013. Growth will be led by remote […]
Times Internet, part of the Times of India group, has acquired men’s fashion site MenXP. The Internet company, part of India’s biggest media group, had recently adopted a strategy of buying or tying up with small internet companies that need capital to fund growth. Interestingly, Times Internet, which owns the indiatimes.com portal which hosts the […]
