The government will introduce the new Companies Bill in the Budget session of the Parliament beginning on the 21st and mandate international accounting rules in the new year, officials said. The ministry of Corporate Affairs also said there would be no mandatory provision requiring companies to spend 2% of their profits for social welfare purposes, […]
R.S.Sharma, chairman of India’s largest oil and gas firm ONGC, said he saw no immediate respite from climbing crude oil prices and said his own firm’s profits will be hit due to the spike. “I don’t think there is going to be immediate respite and the outlook is not comforting,” Sharma said while inaugurating the […]
Indian exporters posted yet another better than expected month in January this year, posting a growth of 32.5%, making January only the second month of $20 billion plus of exports ever. The $20 billion mark was breached in December last year when exports of goods were estimated to be around $22 billion. In all, Indian […]
Research In Motion, maker of the Blackberry smartphones, has denied that it intends to expose the communication of its corporate clients to the Indian government, but said it will allow legal access to consumer accounts. It also said that rumors about a planned move to give Indian government “full access” are hurting business. The company, […]
India’s largest consumer of diesel generators and its larges tower firm Indus Towers is considering replacing diesel generators with solar panels. The company, jointly owned by mobile operators Bharti Airtel, Vodafone Essar and Idea Cellular, buys up nearly 35% of all diesel generators made in India. “The initial program will cover 2,500 towers,” said BS […]
The one-month investigation report on the internal goings on in the Department of Telecom during the “2G scam” has implicated many of the top officials in the department during the last five years. The government, which officially received the report from the former Supreme Court judge Shivaraj Patil on Monday, however kept mum on the […]
In what may be a hardsell, iBall has launched iBall Slide 3G 7334Q-10, a 3G dual SIM-enabled, 7-inch IPS display tablet at Rs 11,500. The tablet is a successor to the similarly priced dual-core iBall 3G 7334i. However, the improvements, besides in the processor, include quality of display (IPS) and 3G (on both SIMs). Ram, or […]
The technology of 3D “bioprinting” (the medical application of 3D printing to produce living tissue and organs) is advancing so quickly that it will spark a major ethical debate on its use by 2016, according to Gartner Inc. At the same time, 3D printing of non-living medical devices such as prosthetic limbs, combined with a […]
A new survey, conducted by C Voter in Delhi, seems to be showing that the mainstream media seems to have got it entirely wrong on how people saw Delhi Chief Minister Arvind Kejriwal’s protest outside the Parliament. Conducted last week, the survey that involved close to 5,000 people taken to represent the Delhi electorate, found […]
Persistent Systems reported another strong quarter, with 2.2% quarter-on-quarter growth in dollar revenue and 5.6% rise in profit after tax. The company, which provides software product related services, is one of the few that has lived up to Street expectations, especially in the mid-cap IT space. “We have delivered another strong quarter with 3.8% Q-o-Q growth in […]
MTNL, the telecom operator, will restrict its upcoming WiFi service to those of its customers who already have a landline broadband from the company. According to official information, MTNL will not be offering any WiFi connection as a new, or a standalone service. Instead, anyone who wants to make use of the WiFi service will […]
The recent monetary and fiscal policy tightening in India is likely to help India and Indonesia cope better with the impact of the upcoming withdrawal of the US Federal Reserve’s stimulus program, ratings agency Fitch said. India and Indonesia had seen their currencies swoon last year after commentary from the US indicated the Federal Reserve would soon […]
BSE’s upcoming platform for small and medium enterprises, BSE SME, has got its 45th stock listed today – that of Mumbai-based Suyog Telematics Ltd. Suyog had raised Rs 4.53 crore in its IPO at 25 per share on January 7. The stock listed today, and will be traded at a lot size of 6,000 shares, […]
Sessions Court Greater Mumbai today granted anticipatory bail to Michael Ferreira and stayed proceedings on the lookout notice issued against him earlier by the Economic Offences Wing of Mumbai Police in the QNET multi-level marketing company case. Michael Ferreira, who has been out of the country, had missed an earlier summons by the Mumbai police […]
Shares of Zensar Technologies Ltd are likely to fall on Wednesday as the company has reported a decline in both revenue and profit compared to the preceding quarter. The company, which provides outsourcing and IT services, said revenue fell 1% to Rs 594 crore, while net profit fell nearly 30% to 50.7 crore. The company […]
HCL Technologies said that the era of big bang outsourcing deals from the US has come to an end. Indian IT providers had seen a virtual disappearance of deals that generate $100 million or more per year when the recession started two years ago. Despite the recession ending, such deals are yet to make a […]
HP, the world’s number one PC brand that had lost its India crown to Dell early in 2010, came back on top during the fourth quarter, according to numbers released by IT tracker Gartner. Against Dell’s 13% marketshare, HP accounted for 15.8% share of all PCs sold in the quarter ended December 2010, according to […]
Incumbents mobile operators, who were widely expected to see an initial outflow of long-held subscribers, claimed that they were, on the contrary, winning the first round. “It looks like people who were the keenest for MNP to be implemented are also the ones who are losing the most,” said a senior Airtel official, an obvious […]
Union environment minister Jairam Ramesh on Thursday announced that the government intends to create nearly 10 million hectares of forests in the next ten years under its ‘Green India’ program. India currently has 69 million hectares, or about a fifth of its total area, under forests and had a long term plan to increase it […]
India and Japan inked a “Comprehensive Economic Partnership Agreement (CEPA),” short for a trade agreement that is just short of a free trade agreement. ” This Agreement is the most ambitious agreement signed by India so far and covers trade in goods, services and investment under its ambit,” the government of India said in a […]
