The defence ministry has refused to divulge the reason for imposing a ban on construction in the Demchok area of southeastern Ladakh — part of the land disputed between India and China. However, the Chinese are building infrastructure on the other side of the line of control, including military facilities, according to local residents. Residents, […]
The government has cut the amount of gold someone can bring as personal baggage from abroad even as India’s gold imports are expected to have increased to 1.08 million kg last year, worth $55 billion at current prices. The government has cut the amount of gold a person can bring into the country to 1 […]
India Against Corruption, the rainbow coalition of activists headed by Anna Hazare, has accused all political parties of planning to pass a toothless Lokpal bill, and promised to launch an even bigger campaign against any such move. Last year, Hazare had organized the biggest political protests in India since the JP Movement of the 70s, […]
Rahul Khullar, the new chief at the Telecom Regulatory Authority of India (TRAI) has a reputation for being a no nonsense boss. Khullar, a 1975 batch IAS officer of Delhi cadre, also has a few other qualities that will make his tenure at the TRAI second to none of those of his predecessors — he […]
As exports face headwinds from the western economies, particularly in debt-ridden Europe, India’s balance of trade or trade deficit is projected between USD 262 billion and USD 280 billion in the fiscal 2012-13, according to trade body Assocham. Trade deficit is the shortfall between how much a country needs to pay for its imports versus […]
The Economic Survey of India, the basis on which the country’s economic policies are formulated, sounds an optimistic beat for India’s growth during the next twenty years, even as short term risks remain. It forecasts 9% plus growth for the next two years and another ‘step up’ after that for the next 20. The most […]
The North European countries seem to love their Indian IT service partners. Indian IT services companies such as TCS, Cognizant and HCL scored considerably higher in a satisfaction survey among companies in the Nordic countriesin in KPMG’s Outsourcing 2012 study. “Cognizant also had not one dissatisfied client, which makes the company the top performer among […]
The Indian IT infrastructure market comprising of servers, storage and networking equipment will reach $2.05 billion in 2012, a 10.3 percent increase over 2011, according to Gartner, Inc. The IT infrastructure market is expected to reach $3.01 billion by 2016, the research agency said. Revenue growth will be primarily driven by ongoing data center modernization, […]
India’s fourth largest IT services firm Wipro Ltd may have to redraw its plans to open a 8000-person IT centre in Kolkata due to delays from the state government. Wipro had applied for setting up a special economic zone (SEZ) on January 20. However, the state government, headed by Mamata Bannerjee is against the policy […]
You would be forgiven for thinking phone companies have just forgotten about people who enjoy typing on real buttons, not just on the ‘virtual keypads’ on phone displays. Over the last one year, smartphone buyers have spoilt for choice, with company after company launching bigger, faster and smarter phones almost on a weekly basis. Since […]
Qualcomm, the US-based chip designer and manufacturer, said it will revamp its entire Snapdragon chip architecture by the end of the year with a view to addressing the fast-growing tablet market. Qualcomm’s Snapdragon processor, the company’s primary all-in-one chip, is one of the most popular chips for making smartphones and tablets at present, but is […]
Government has issued show cause notices to the top four private mobile operators in the country violating the laws related to Mobile Number Portability (MNP). As of 2nd May, show cause notices have been issued to Bharti Airtel Ltd, Idea Cellular Ltd, Reliance and Vodafone for failing to carry out their duties under the MNP […]
The government of India is thinking of creating a ‘Sovereign Wealth Fund’ to make it easier to acquire coal blocks in other countries, coal minister Sripraksh Jaisawal said. “There are issues which need to be resolved urgently in regard to acquisitions abroad especially in view of the fact that other energy deficit countries are rapidly […]
If you thought you were the only one paying for your cable, think again. New research says an average TV channel pays Rs 20 per household per year to compensate the cable network for bringing it to you in the prime band. In other words, if you get 150 channels, the cable operator would end […]
Airtel has entered the online phone retailing business, entering a market already boiling over with competition. The shop primarily sells handsets. Going by the rates, however, only some handsets are priced below the rates offered by competitors like Flipkart and Letsbuy. For example, the Nokia Lumia 800 is available for 23,338 on Airtel’s shop, compared […]
Only about 6% of the families registered under the Mahatma Gandhi National Rural Employment Guarantee Act (MG-NREGA) got the full 100 days of work during last financial year, according to numbers from the Rural Development ministry. The numbers also revealed a sharp increase in complaints from Uttar Pradesh. While the ministry did not reveal how […]
Infosys and Wipro got left behind in the growth scene in 2011, while Cognizant blasted the others with its explosive growth. Tata Consultancy Services Ltd (TCS), the biggest Indian IT services provider, was the second-fastest growing among the top 5 – these are the results of the 2011 IT services market survey by Gartner. Overall, […]
Giving some respite to the government and the oil companies, the effective price of crude oil for India fell by about 1.9% in the second half of April, according to numbers released by the Government of India. Effective price paid by Indian companies for crude oil fell to Rs 6174.90 per barrel in the second […]
The government of India does not have any information on complaints regarding the issue of ‘below poverty line’ or BPL ‘ration’ cards, according to a reply by the Rural Development ministry to BJP MP Varun Gandhi. Varun Gandhi, MP from Pilibhit in Uttar Pradesh, had sought details about the complaints that it may have received […]
India held on to its position as the world’s most optimistic market for the ninth consecutive quarter despite worries about job security, the Nielsen Global Survey of Consumer Confidence and Spending Intentions found. Established in 2005, tracks consumer confidence, major concerns and spending intentions among more than 28,000 Internet consumers in 56 countries. Consumer confidence […]
