PJ Kurien, deputy Rajya Sabha chairman and a prominent Congress leader from Kerala has found himself in the middle of a raging media storm in Kerala, with a TV channel running an interview with the victim of the infamous Suryanelli gang rape case. The victim, who was 16 years old at the time of the […]
India’s current account deficit (CAD) reached an all-time record of $22.4 billion in the quarter ended September 2012, even as capital account inflows rose sharply in reaction to government’s economic reforms, according to Reserve Bank of India numbers compiled by Crisil Research. Current account refers to ‘permanent’ movement of money into the country, such as […]
China and India will be the hottest markets for mobile advertisements in the immediate future as an exploding smartphone and tablet population in these countries are targeted by brands, Gartner has predicted. The research agency also admitted that the growth of mobile advertisements has been faster than it initially anticipated, partly due to the rapid […]
A Patiala House court has started the process of framing of charges against Suresh Kalmadi in the Commonwealth Games (CWG) case. The CBI’s chargesheet against Kalmadi, chairman of the Commonwealth Games organizing committee, and his associates accuses them of causing a loss of about Rs 100 crore to the nation. Framing of charges marks the […]
If you are wondering why Ubuntu, arguably the third most popular operating system for the PC, thinks it can take on Android, the top mobile OS also built on top of Linux – the answer may lie in two aspects – speed and a hybrid nature. Ubuntu says its phone will be “blazingly fast” as, […]
Market leader Airtel also leads in generating the largest number of consumer complaints to the telecom regulator, junior telecom minister Sachin Pilot said on Wednesday. Replying to a question in the Lok Sabha, Pilot said Airtel accounted for roughly one third (32.5%) of all the complaints received by the Telecom Regulatory Authority of India against […]
It’s been only a week since Videocon launched India’s first HD display 10-inch tablet in the Rs 11,000 range, but the reign of the Videcon V10 as the most value for money tablet in India has been cut short by the Spice Mi-1010, launched today. Many of the specifications are the same, including the 1.5 […]
The oil companies have increased the quota of LPG cylinders for the six months from September 14, 2012 to March 2013 to a total of 5 cylinders, responding to the government decision today. They have also decided to increase the price of diesel by about 65 paise from the night of January 17 and by […]
A total of $42.3 billion was spent online during the entire November-December holiday shopping season, a 14-percent increase from 2011, digital measurement company comScore said. Days that stood out included Free Shipping Day on Monday, Dec. 17, when spending was up 76 percent to $1.013 billion, and Christmas Day, which saw online spending jump 36 […]
The era of fast growth and bulging profits are over for the Indian telecom sector, at least for the short and medium term, said India Ratings, an associate of global ratings agency Fitch. The ratings agency maintained its ‘negative outlook’ on the sector, pointing out that costs are likely to remain high in the immediate […]
Sales of tablets doubled in the July-September quarter in India, compared to the previous three months, as shipments of Samsung’s tablets almost quadrupled, research firm CyberMedia Research (CMR) said in its quarterly report. According to CyberMedia Research estimates, total shipments for the India Tablet PC market are expected to close at 3 million units in […]
LAVA International has added to the growing category of 5-inch phones in India – launching the IRIS 501, priced at Rs 9,999. The Lava IRIS 501 will compete against the wildly popular Micromax Canvas 2 A110, and to some extent against the Karbonn A30 and the iBall Andi 4.5h. The Micromax A110 is priced at […]
A big bone of contention between several BSNL employees unions and the government — the repatriation of ‘unabsorbed’ ITS officers — may be nearing a resolution with the government setting up a “committee of secretaries” after a final court deadline lapsed three weeks ago. The dispute revolves the repatriation of more than 1,000 ITS (Indian […]
India’s biggest cloud computing company, Ramco Systems, has inked a deal with Dubai-based Emirates aviation group for supplying cloud-based services to its engineering group. The revenue size of the deal, involving Ramco’s ‘Aviation Suite’ of software, was not disclosed. The suite of cloud-based software offers complete ERP functionality including HR, Finance, and Materials. “We have […]
The transition of public vehicles from diesel to CNG, achieved after a struggle of several years and after much pain by commuters and vehicle owners, is now being undone by an unexpected force — the government’s higher tax rate on petrol. In a significant move that may have big implications for India’s car industry, particularly […]
S Jayaraman, a 1977 IPS officer, has become arguably the second most powerful officer in India’s security and intelligence circles with his appointment as the “special secretary” in charge of internal security in the ministry of home affairs. He succeeds Ajay Chadha, who recently moved to head the Indo-Tibetan Border Police (ITBP). Chadha was also […]
The Jammu & Kashmir Panthers Party has joined Janatha Party’s Subramanian Swamy and others in questioning the dependability of the electronic voting machines (EVMs) used in India. Delivering a speech on “National Voters’ Day” at Vigyan Bhawan in New Delhi, Bhim Singh, noted activist, lawyer and the leader of the party, said EVMs were being […]
CRISIL Research has predicted a GDP growth rate of 6.7 percent in the coming financial year, compared to its estimate of 5.5 percent in the current year, based on more stable global economic trends, crude price at $100 per barrel and normal monsoon. The rupee will rise to 51-52 per dollar in the next 14-15 […]
Will the Reserve Bank of India cut policy interest rates for the first time in almost a year even as price inflation remains above its comfort zone? Hit by slowing growth and declining demand, the industry sure hopes so. The RBI has been raising interest rates steadily for the last four years. Its official lending […]
Worldwide external controller-based (ECB) disk storage vendor revenue totaled $5.3 billion in the third quarter of 2012, a 3.6 percent increase from revenue of $5.1 billion in the third quarter of 2011, according to Gartner, Inc. The third quarter of 2012 was the 12th consecutive quarter of year-over-year revenue growth. “Reflecting the weak global macro […]
