Russia’s Sistema Shyam Teleservices (SSTL) has bid for 8 out of the 22 license regions in the ongoing 800 MHz CDMA spectrum auction in India, according to sources. The company, which operates CDMA-based telecom services under the MTS brand in India, had earlier told subscribers in 10 license regions (called circles) to switch over to […]
The Assam division of ONGC, which contributes about 3.7% of the company’s total production, failed to meet its gas sales target during last financial year due to a lack of demand, the oil and gas producer said. The company is India’s biggest gas producer, accounting for about 75% of India’s total production, but has seen […]
In a major push to market development in Latin America, Government has removed the upper ceiling with regard to eligibility for Market Development Assistance (MDA) for participation in Buyer-seller Mission BSMs/fairs/exhibitions abroad to explore new markets in focus countries of Latin America for export of their specific product(s) and commodities from India in the initial […]
India’s National Association of Software and Services Companies (NASSCOM) has received an overwhelming response to its start up funding program. No less than 14,000 wannabe entrepreneurs registered. In all about 4,000 applications were received for funding. Early stage funding is typically called ‘angel funding’. Out of the total applications received, close to 23 per cent […]
Cairn India, the majority-owner of the Rajasthan block that produces a fifth of India’s crude oil, expects to drill 100 new exploration wells in Rajasthan over the next three years in search for new oil deposits, the company said. The company currently produces about 175,000 barrels of oil per day (8.5 million tonnes per year), […]
Even as the Law Ministry and the Sports Ministry are engaged in fine tuning a draft law to prevent manipulation of matches, the Sports Ministry has come out with an appeal for BCCI President N Srinivasan to step down. In a statement, the Youth Affairs and Sports ministry said Srinivasan should step down on ‘moral […]
The Indian constitution prohibits giving reservation on the basis of religion, the central government told Sabir Ali, a Rajya Sabha MP from Bihar. In a question to the government, Ali had pointed out that paragraph 3 of the Presidential Order of 1950 that granted reservation for Scheduled Castes in India specifically mentions that reservation is […]
Standard & Poor’s Ratings has given a negative outlook on India’s biggest oil and gas producer, ONGC. Though Oil and Natural Gas Corp. Ltd would have qualified for a higher rating than ‘BBB-‘ based on financials alone, its close links to the Indian government creates a risk factor, S&P said. “The sovereign credit rating on […]
The Shunglu Committee, which went into the award of the coverage contract for the recently concluded Commonwealth Games has fixed the ‘fair value’ of the Rs 246 crore contract at just Rs 100 crore. It has therefore, asked the government to recover “excess amounts” paid to the company or payable to it. The UK-based firm, […]
Amazon has listed its six-month old Amazon Kindle Fire HD 8.9 inch tablet for sale on its Indian website on Thursday, and we do a hands-on review of the product. First things first – Amazon Kindle HD has been unofficially available in the Indian market for about three months now. However that came with a […]
In a surprisingly low-key launch, Google has introduced movie rentals and paid downloads in India on its Youtube website a few hours ago. Google had started tying up with studios in India (and abroad) more than a year ago, but so far, all the offerings on Youtube’s movies section had been free to watch. As […]
A total of 102 telecom towers (base stations) were found to be violating the new norms for electromagnetic radiation (EMR) set by the government of India in checks conducted since September last year. The government had told GSM and CDMA mobile operators in India to cut the maximum strength of their cell towers by 90% […]
A survey by industry lobby Assocham has found that most top corporate executives in India expect sales to pick up over the next six months due a recovery in the economy. The body, which has called for the Reserve Bank of India to cut key interest rates and dismissed concerns of price inflation, said companies […]
Even as India’s Attorney General Goolam Vahanvati told the Joint Parliamentary Committee (JPC) that minister A Raja altered his version of the press release announcing inviting applications for spectrum in early 2008, the government has said it is not sure about the matter. Replying to a question by TDP Rajya Sabha member CM Ramesh, junior […]
A long standing and bitterly fought battle over ‘call termination charges’ between big operators on the one side and smaller operators on the other is drawing to a close. The end of the legal battle may also bring down call rates for consumers to the 10-15 paise per minute range from the current 28-40 paise. […]
Worldwide PC shipments totaled 79.2 million units in the first quarter of 2013, a 11.2 percent decline from the first quarter of 2012, according to preliminary results by Gartner, Inc. Global PC shipments went below 80 million units for the first time since the second quarter of 2009. All regions showed a decrease in shipments, […]
The victim in the infamous Suryanelli serial rape case scored a slight victory today after a district sessions court in Kerala differed with a lower court’s decision that a new case cannot be filed against Rajya Sabha deputy chairman PJ Kurien. In light of new revelations and proof dug up by the Malayalam media, the […]
International Data Corporation or IDC, the market research firm said it has “slightly downgraded” its expectations for the ERP market in India due to a “continued mindset of caution and tactical investments” among organizations in India. ERP or enterprise resource planning software provides large organizations a ready made way of keeping track of different assets, […]
Kerala emerged on top in per capita spending on non-food items, while Gujarat is the fastest growing, according to a survey by industry chamber Assocham. Haryana emerged on top in terms of expenditure on food-items. The numbers seem to indicate that Keralites, and South Indians in general, spend much less on food compared to others, […]
Hit by cut-throat competition and mounting losses, online retailers like Flipkart and Snapdeal in India have taken a big step towards rationalizing their offering — they have stopped offering free shipping for orders worth less than Rs 300. The move follows relentless competition in the fast-growing field, which forced these companies to offer ultra-low prices […]
