Bharti Airtel clarified that media reports on its Chairman Sunil Bharti Mittal’s salary being raised to Rs 70 crore per year this year are inaccurate. Media reports had reported that his salary may go up from the current Rs 27.5 crore per year, giving the impression of an immediate hike. Bharti said the there will […]
The news has been confirmed — Apple has indeed emerged as the World’s single biggest smartphone vendor displacing Nokia, according to market research firm Canalys. Not only did Nokia surrender the first place, but it also lost the second place to Samsung during the quarter ended June, Canalys said. In all, nearly 107.7 million smartphones […]
India’s IT companies, the second biggest source of IT outsourcing services to the World, grew at their fastest pace in four years in the year ended March 2011, according to a compilation by Dataquest Magazine. The top 200 grew at 25% in the financial year, up from just 8% growth shown in the previous year […]
The Government of India has dismissed reports that India’s forests are declining at an alarming rate of 1% to 2.7% every year, pointing out that the definition of forests is quite broad in its dictionary. Responding to a question by an alarmed Rajya Sabha member today, the new environment minister Jayanti Natarajan said that any […]
Defending against former telecom minister A Raja’s allegation that neither the Finance minister and the Prime Minister raised objections when the alleged scam beneficiaries were benefiting from foreign investment into their ‘tainted’ companies, telecom minister Kapil Sibal said there was nothing wrong with the funding. In a statement, he said that the under the rules […]
Wimax’s biggest win Sprint Nextel has inked a $13.5 billion, 15-year deal with wholesale connectivity provider LightSquared to construct and operate an 4G LTE network on the latter’s spectrum. Sprint’s role will be that of a technology and operations partner and it shall have preferential status to buy 50% of the capacity created by the […]
India’s biggest oil producer, the Oil and Natural Gas Corporation (ONGC) saw a decline of 2.4% in its crude oil and 5.5% in its natural gas production in June due to declining supply from its star performer – the Mumbai High. However, rising production from Cairn India’s Rajasthan fields more than made for the decline, […]
Earlier this year, when AMD released their new Fusion chips combining the power of ATI graphics with its own processors, they were touted as Atom-killers. Despite the hype, however, actual models based on the revolutionary and bold architecture were few and far between to be seen in the Indian market. Sony was the first to […]
The steeper than expected hike in short-term interest rates by the Indian central bank has irked the industry, which had been calling for the Reserve Bank of India to desist from hiking rates. Against an expectation of 0.25 percentage points, the RBI chose to err on the side of caution by hiking short term base […]
Microsoft has escaped punitive action by the Indian competition watchdog after the law-firm that complained about its alleged abuse of monopoly failed to back up its case with evidence. Microsoft India was dragged to the Competition Commission of India (CCI) in August last year by Delhi-based law firm Singhania & Partners after the company demanded […]
Microsoft has opened a new research and development center in Bangalore, targeted primarily at improving its fledgling online ad business ‘adCenter’ and muscling in on the booming global online ad market dominated by archrival Google. The latter already has a huge research and development team in India which has been responsible for creating several of […]
Uninor, the joint venture mobile operator from the Telenor group of Norway and India’s Unitech, has posted surprisingly robust growth numbers for the second quarter. The firm’s revenues jumped 32% to Rs 572 crore in the just-concluded June quarter compared to the immediately preceding March quarter. Compared to the June quarter of last year, this […]
After playing second fiddle to ‘international’ brands in the 3G market, Indian brands too are now starting to come out with their own big-screen 3G devices. As for the customer, the rates being offered are around 10%-15% cheaper than those of foreign brands, though variety is quite restricted, with just one or two models with […]
Vodafone has launched what has to be the cheapest 3G plan in India, for its USB-dongle users in Delhi, disturbing the stability in 3G data tariffs seen in the last three months or so. See chart above for a list of cheap data plans. Also see our latest analysis of the data plans offered by […]
Mahindra Aerospace and Mahindra Satyam have signed a Memorandum of Understanding (MOU) for a trade partnership with the Eurocopter Group and its Indian subsidiary, Eurocopter India. The Franco-German-Spanish Eurocopter Group is a division of EADS, a world leader in aerospace, defense and related services and is the world’s number one helicopter manufacturer in the civil […]
Vodafone, World’s largest telecom operator by revenue, has bought 22% of its Indian joint venture Vodafone Essar from its partner, the Essar group, it said in a trading update today. In all, Essar holds around 33% of the Indian company and has agreed to sell the entire stake for a cost of around $5.5 billion […]
Verizon Wireless has launched the 4G LTE-enabled HP Pavilion dm1 notebook, famous for being the first notebook to come out with AMD’s new fusion series of chip. The notebook is targeted at those who use their laptops outside the limited range of their home or office WiFi, but don’t want to compromise on WiFi-like speeds […]
After Airtel Digital, Tata Sky, one of India’s biggest DTH players, has introduced a mobile application that can control its recording-enabled set top boxes. The application, that will work only on apple products (unlike Airtel’s Java app) can also be combined with an ‘orb-shaped’ (elongated spherical) device to control the TV and set top box […]
Verizon Wireless, the first major telecom operator in the World to launch 4G LTE, has introduced the 10-inch Samsung Galaxy Tab for US customers. The 4G LTE-tablet, arguably the most advanced in the World today, will be available for $530 and $630 for the 16 GB memory version and the 32 GB memory version respectively. […]
HP, India’s number two PC maker and the World number one, has combined a 21.5-inch TV and a full-fledged computer into a single product introduced at around Rs 27,000. The new product, called the HP Omni 200-5310IN, is similar a mash up of the all-in-one PC with the LCD TV. While an all-in-one PC does […]
