India Inc this Diwali is severely cutting back its corporate gift budgets by a whopping 45-50 per cent as costs balloon and earnings together with profit margins shrink by the day, according to a just concluded survey by trade body ASSOCHAM. The ASSOCHAM representatives interacted with about 150 different companies with an employee strength of […]
The Telecom Regulatory Authority of India, which had called restricting the launch of TV news channels only to those firms that had assets of Rs 100 crore or more, reiterated its stand after the government said it favored Rs 15 crore as the bench-mark. In its comments on the government’s stand that the networth should […]
Google will hold an all-India ‘Doodle 4 Google’ competition for children in New Delhi in November this year. The event, open to children in the 5-16 age category, requires participants to send in their drawings of the Google logo by post by October 23. Google will also visit “a few hundred schools” in 40 cities […]
In a unique move, Milagrow HumanTech, which is more well known for its tablets, today dedicated its new human cleaning robot model to Saina Nehwal and promised to give a share of its sales from the model to the badminton star. Milagrow launched its range of household robots in January this year. The most popular […]
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 […]
If you are worried by the rising petrol prices, you may have relief in sight, according to a study by Assocham. Dollar, which rose to the current Rs 53-57 level at the beginning of this year, is likely to drop below Rs 50 in less than three months, a study by the industry association claimed. […]
Google’s ‘Entrepreneur Day’ is coming to India, or more specifically, Delhi. Part of its new ‘Google for Entrepreneurs’ program, the one-day event is aimed at getting technology-start ups more clued in to what the market wants, what works and what doesn’t, what tools are available and towards building a broad partnership. It is holding various […]
