Kishore Biyani, the visionary businessman who founded Big Bazaar, India’s biggest supermarket chain, came out openly in support of foreign investment (FDI) in retail for the first time since it was permitted by the government a few days ago. Making his stand clear, Biyani said Indian companies would struggle to find the money required to […]
The net non-performing assets (NPAs) of the banking sector in India are increasing at an alarming rate and may cross Rs 2 lakh crore for the fiscal year ending March 2013 from Rs 1.57 lakh crore as in June, 2012, according to industry body ASSOCHAM. Besides, the continuing pressures on Indian economy may also result […]
IndianOil and Korea Gas Corporation (KOGAS) signed an MoU for joint participation in Exploration and Production of Gas and Oil at the global level and developing Natural Gas infrastructure projects and LNG sourcing. India is scouting for LNG to meet its growing domestic demand. It has constructed large gas transportation and distribution infrastructure, banking on […]
WishTel, famous for its IRA series of tablets, has announced what has to be the cheapest Android tablet in India with built-in 3G. The company said BSNL will launch the IRA ICON tablet, with a built-in BSNL 3G SIM, at about Rs 10,500. The specifications of the 7-inch ICON match almost exactly with those of […]
For the first time in one-and-a-half years, Ubuntu, the most popular open source operating system, will release a flavor that comes with Gnome – the most popular user interface in the open source world. Ubuntu switched Unity in April 2011 when it released the version 11.04. 18 months later, it is all set to unveil […]
The United States may be trying to isolate Iran commercially, but Assocham, one of India’s biggest trade bodies, is pushing for improvement in India’s trade with the country. The trade body has sent a 50 member delegation to the middle eastern country with the agenda of increasing Indo-Iranian trade. The delegation comprises industry heads from […]
Wikimedia, the non-profit behind Wikipedia, is holding a three-day developer camp in Bangalore from November 9. The camp is “a chance to participate and work alongside experts in development of PHP and JavaScript based internationalization and localization tools as well as mobile applications using Phonegap and LAMP technologies,” the organization said on the registration page. […]
Micromax has beaten biggies like Samsung and Apple in the Indian tablet market, numbers for the second quarter, compiled by CyberMedia Research found. It also found that tablet sales increased nearly eight fold 5.5 lakhs for the three months ended June. The number was up nearly 60% compared to the first quarter of the year […]
Bharti Airtel, which launched its 4G LTE broadband in Pune today, also introduced a new movie streaming service – Airtel Broadband TV, and a gaming service. Under Airtel Broadband TV service, 4 G customers can watch 76 channels live and various on-demand videos on their laptop or desktop by paying Rs 150 per month. The […]
As the deadline for the switch-off of analogue cable TV dawns nearer, Hathway cable has introduced a new packaging system to avoid any steep decline in its revenue. According to TRAI rules, consumers can simply unsubscribe from any channel they don’t want to watch, after digitization. This will not only lower the revenue of cable […]
The Supreme Court held PJ Thomas’s appointment as illegal primarily because the selection committee did not consider “vital facts” relevant to his suitability as the chief of India’s top anti-corruption agency. “CVC is a crucial institution against corruption.. It is not enough to see if the person is clear in terms of integrity, but also […]
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 […]
Google has introduced a new ‘free SMS’ (text messaging) service as part of its free email service, Gmail. While free SMS notifications – such as those about status updates, comments etc. on Google Plus – were already available, it is the first time that Google is promoting the SMS services as a standalone messaging service. […]
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, […]
Samsung has powered ahead in the Indian mobile market and now has close to half of the total market, according to second-quarter numbers by Gartner. The Korean company’s share, in terms of revenue, will be even higher as its models are, on the average, costlier than what an average phone in India costs. Samsung’s share […]
It was months ago that Airtel Digital’s music (radio) service was suspended pending ‘upgradation’, and going by the news today, the wait was well worth it. Airtel Digital, one of India’s largest DTH services, said it is launching Worldspace Radio at Rs 35 per month. Worldspace was a familiar brand in India till about four […]
The iPhone 5 may be officially launched in India only by the year-end, but private sellers are already offering the latest model from apple at a price of Rs 59,990 on ebay. The pricetag, for the 16 GB version, is about 40% higher than what the iPhone 4S 16 GB model sells for in India. […]
Arvind Kejriwal’s party politics is going to be a mix of idealism, populism, socialism and perhaps a few impractical, if well-intentioned, ideas. Kejriwal’s India Against Corruption unveiled their new party manifesto in Delhi today, highlighting eight main goals and demands for the new party. The eight demands are as follows – 1) A more direct […]
