India has more than the usual quantity of water in its mega dams at the end of April, according to statistics released by the Water Resources ministry. The numbers crunched by the ministry shows that at the end of April, the average water level of 81 of India’s biggest dams is around 60% higher than […]
Info Edge, the company behind Naukri.com and one of the few Indian firms to survive the dotcom bust, has announced a Rs 9 crore investment into group-buying portal mydala.com. The investment is the sixth as part of the Info Edge strategy to invest in internet start-ups. “Online deal sites have now emerged as a platform […]
India’s biggest industry body, the Confederation of Indian Industries (CII) has criticized the raising of interest rate by the Reserve Bank today, pointing out that the relentless inflation is caused by factors external to India. The Reserve Bank, in charge of controlling price rise by managing the amount of money pumped into the market, raised […]
Eight international soldiers and one contractor were killed in a fight at the Kabul airport today.Some sources say that six were killed. A gunman wearing the uniform of an Afghani pilot came into an argument with soldiers of the International Security Assistance Force (ISAF) early in the morning around 11 o clock local time (06.30GMT) […]
Word of God Fellowship Inc, a controversial Christian evangelistic group with a global TV empire, has been given approval today to set up a fully owned Indian company to redistribute TV channels in the country. The Fellowship, led by Christian evangelist Marcus Lamb and his wife Joni Lamb were in the news four years ago […]
The Telecom Regulatory Authority of India (TRAI) has again opened the subject of interconnection charges, much to the consternation of big operators like Bharti Airtel, Vodafone Essar etc.. Interconnect charges are paid by the mobile operator from whose network a call originates to the mobile operator on whose network it ends, i.e., on whose network […]
The French Asset Management firm Natixis Global Asset Management has sought the government of India’s approval to enter the Pension Funds management business in India. The Government’s foreign investment promotion board (FIPB) on Tuesday deferred the proposal to its next meeting. The investment by Natixis will be done ‘indirectly’ through another company, the FIPB said. […]
India’s top Patent officer, the Controller General of Patents PH Kurian has announced that India will join the Madrid System of Trademarks within one year, setting off a warning to Indian companies to ‘register it, or lose it’ as far as their brand names are concerned. India had been negotiating with the World Intellectual Property […]
Indian IT outsourcing firms, including TCS and Infosys, grew faster than their global peer to increase their share from 4.8% of the global outsourcing market in 2009 to 5.5% in 2010. As a unit, Indian outsourcing firms grew 18.9% in 2010 while globally, IT services industry grew by just 3.1%. Indian firms, however, continued to […]
According to a press release from the United States embassy in New Delhi the US Ambassador to India, Timothy Roemer, has decided to resign from his post due to “personal, professional and family considerations”. He took the responsibility in India two years ago. “When I accepted this job two years ago, I told President Obama […]
World’s top ‘track 2 diplomacy’ institution and New York-based think-tank, the East West Institute has warned of a ‘9/11 type’ of attack on the undersea cables that connect India to the rest of the world. Addressing telecom secretary R Chandrasekhar and officials of the home ministry, the founder of the 30-year-old think-tank, John Edwin Mroz, […]
After waiting in vain for state governments to get their act together on bringing government services to the Internet, the Central government has cracked the whip and brought out a draft bill to force state governments to implement e-governance programs in five years. While the original plan was to have nearly all government services available […]
India is heading towards an unprecedented oil-shock, with under-recovering quadrupling over last year — according to early numbers from the ministry of petroleum and natural gas. With crude oil prices almost regaining their all time high of 3 years ago, India’s state-owned oil companies are heading towards a record breaking ‘oil shock’ year. “The Oil […]
Indian mobile operators continued to see average bill sizes shrink in the last quarter of 2010, the Telecom Regulatory Authority of India (TRAI) has revealed in its latest ‘performance report.’ Year-on-year, GSM saw higher falls than CDMA. According to the report, the Average Revenue Per User (ARPU) — a measure of how big a bill […]
The latest release by whisleblower organization Wikileaks — prisoner stories from the Guantenamo Bay has shed light into the role played by Pakistan in training Taliban militants. Wikileaks started releasing hundreds of prisoner files from the controversial prison set up by the US after it started its attack on Afghanistan ten years ago. “Detainee attended […]
comScore, Inc., one of the top ‘web measurement’ companies, has found that the Netherlands led the world in penetration of mass messaging service twitter and the professional networking service LinkedIn. “The Netherlands is in many ways a nexus of global social networking behavior,” pointed out Mike Read, svp and managing director of comScore Europe. The […]
The Gauntanamo prison records released by the whistleblower site Wikileaks has thrown light on an aborted “parallel” 9/11 attack in Asia that was supposed to take place at the same time as the US attack. According to the records of the prisoner Abd al-Malik Abd al-Wahab, an alleged member of al-Qaida and former Usama Bin […]
Wipro Limited reported March quarter IT Services Revenue at $1,400 million, a sequential increase of 4.2% and YoY increase of 20.1%. The growth is slower than the 5.6% posted in December quarter and the 5.7% growth posted in September quarter, but higher than the 3.2% growth of the June 2010 quarter. It has guided for […]
Wikileaks release of more than 700 top secret prisoner records from the Guantanamo Prison off the Southern Coast of the US gives a unique picture of how a terrorist is made. The prison papers give detailed and often engaging history of terrorists — what their backgrounds were, how they ended up being ‘radicalized,’ how they […]
Darjeeling born and Harvard educated Tibetan leader Lobsang Sangey has become the new Prime Minister of the Tibetan government in exile. The result for the elections of the 15th Parliament in exile was announced today in Dharamshala, the capital of the Tibetan government in exile. . For the first time the role of the prime […]
