Category: UNCLASSIFIED

BSP leader Mayawati refused to clarify her stand on foreign direct investment (FDI) in retail, speaking after the Lok Sabha was adjourned on the first day of the winter session. “We will clarify our stand on FDI only in the Parliament,” Mayawati said, speaking outside the Parliament immediately after the Lok Sabha was adjourned till […]

It’s not exactly the hottest battleground in the war between graphics giants Nvidia and AMD-ATI, but it looks like Nvidia, which already had a nice lead, has pulled far ahead of ATI in the Linux market. The Linux operating system, including variants such as Ubuntu and Android, is rapidly rising in popularity. However, most commercial […]

The chief information commissioner (CIC), India’s top body for administering the Right to Information (RTI) Act heard arguments from the NGO Association for Democratic Reforms (ADR) for making income tax returns of members of parliament public. The arguments were in an appeal filed by the NGO after its requests for getting the income tax returns […]

During the financial year (FY) 2012, while the asset-backed securitization (ABS) issues have increased by 58% to 178 transaction from 113 (FY11), while the residential mortgage-backed securitization (RMBS) registered marginal increase to 22 transaction from 14 (FY11) only, according to a joint study by ICRA and ASSOCHAM. ABS is an investment option. An ABS gets […]

The Supreme Court’s judgment on the appointment of the Chief Vigilance Commissioner PJ Thomas gives clear details about how the Congress government, both at the Centre and in Kerala, tried to quash the criminal proceedings against PJ Thomas. The Judgment, which scrutinizes the role of the Department of Personnel and Training of the Central government, […]

In a major coup, Infosys said it has got the contract for government of India’s e-filing service, MCA21. The project was earlier being handled by Tata Consultancy Services or TCS. “Infosys will revamp the existing application, after the transition from the incumbent vendor and manage the overall transformation to MCA21 v2.The company will provide services, […]

Indians are consuming milk products like never before, according to numbers from the commerce ministry. While exports of dairy products out of India have plummeted in the last three years, their imports have soared, indicating strong demand for milk and milk products. India has the largest number of cows in the world and produces the […]

US secretary of treasury Timothy Geithner said today that India’s recent economic reforms, including allowing foreign investment in retail, will help raise income levels in the country. Speaking at the US-India Economic and Financial Partnership in New Delhi today he said the two countries should further dismantle barriers to access to each other’s economy. “The […]

India’s economic situation will improve significantly at all the three critical- macro, industry and firm levels in the coming six months, according to the latest and comprehensive round of the ASSOCHAM Bizcon Survey (ABS). This is despite the fact that as of now, domestic demand remains weak and the global markets stay uncertain. But the […]

Rising incomes in rural India are fuelling greater spends on protein products such as milk, eggs and meat in the hinterland, a study by Crisil Research found. Overall spending by Indians on protein foods doubled to Rs 2 trillion in 2009-10 from 2004-05, it said. Most of India’s food price inflation is today due to […]

India’s crude oil production missed its target by a substantial 5.7% in September, due to 9.2% year-on-year dip in oil production from India’s biggest field, Mumbai High. Against a targeted 3.25 million tonnes of crude oil, India could produce only 3.07 million tonnes in September. Most of the slippage occurred in the Mumbai High field, […]

Nearly a year after promising to do so, legendary investor Warren Buffet has entered the Indian market through his flagship Berkshire Hathaway. The firm, which was bought by legendary investor Warren Buffet in early 60s, is the primary holding company of the Warren Buffet and gets most of its revenues from its insurance operations. Built […]

Industry associations have, again, expressed disappointment after the Reserve Bank of India kept interest rates steady. India’s central banker, however, cut the cash reserve ratio (CRR) by a quarter of a percentage point to help ease more money for banks to lend. The RBI has, for several quarters, shown more concern about high prices, and […]

Can Windows 8 tablets take on Android-based models such as the Nexus anthe Galaxy, and the iPad? Going by the Dell Latitude 10 tablet, they may attract a particular group. On Tuesday, Dell introduced its first Windows 8 tablet in India, priced at Rs 42,490, and a tablet-cum-laptop convertible at Rs 90,490, as part of […]

Indian companies, which have posted nine straight quarters of declining profitability on average, are likely to see earnings rise in the coming quarters due to falling commodity prices, Crisil ratings said. “Based on an analysis of the aggregate financials of 280 large companies across 28 key sectors, CRISIL estimates that EBIDTA margins will improve by […]