The biggest industry association in India, the Confederation of Indian Industry, has called for urgent announcements to boost ‘sentiment’ in the Indian economy and reverse the downward slide in the indices. The CII’s statement came after the latest numbers showed that industrial production growth rate slowed to just 0.1% cent in July due to poor […]
The Telecom Regulatory Authority has extended the deadline to have separate phone numbers for tele-marketers by three weeks. It extended the deadline to March 21 due to delays by the Department of Telecom in alloting a new number series to landline companies. “The number series for fixed network are still not allocated by DoT. The […]
It is the final frontier in India’s ongoing e-commerce revolution – delivering the daily bread. E-commerce in India, as elsewhere, started with easily ‘digitizable’ goods such as plane tickets, about six years ago. Over the last two years, it has expanded to involve nearly every category of branded goods such as watches, electronics, books, clothes […]
‘Paintball’ was the most searched recreational word searched on Google Maps this summer in the U.S., while Death Valley National Park, located in California & Nevada, was the most popular holiday destination. The numbers also indicate that Americans and Canadians seem to prefer to go to national parks and other ‘nature’ spots during the summer, […]
The iBall Andi 5c is a curious mixture of affordability and high-end technology, and comes in as the latest addition to the category of cheap 5-inch Android models launched by Indian brands in the last two months. It competes with the Spice Stellar Horizon, the Micromax A100 and the Mercury magiQ. The Spice Stellar Horizon […]
Industry has expressed its disappointment at the Reserve Bank of India’s decision to keep key interest rates unchanged, calling the move “deeply disappointing.” The Assocham, which represents several big basic industries and manufacturers, said RBI should have made more money available for companies so that they could produce more, and bring down prices. “The only […]
Research agency CRISIL warned that Indian banks may be forced to restructure a larger proportion of their outstanding corporate debt than initially expected, due to the drying up of short-term credit. It issued the warning as it hiked its estimate for the amount of loans likely to be restructured in the remainder of this year […]
The National Association of Software and Services Companies (NASSCOM), India’s biggest IT and BPO industry body, has identified ‘marketing analytics’ as a core growth area for the industry. According to a report released by the association today, the industry is expected to grow at an average of 25% every year till 2020 to reach $1.2 […]
Bharti Airtel has launched a freely downloadable mobile application called ‘my airtel’ to allow users to keep a tab on all their airtel accounts easily. It was not clear which platforms the mobile application is available on. “Customers can download the application by simply logging into airtel.in/myairtel or visiting their device app store. Alternatively, they […]
Finance Minister Pranab Mukherjee extended a hand of partnership to the opposition Bhartiya Janata Party (BJP) to push through financial reforms. Mukherjee, who was addressing industry concerns over flailing pace of economic reforms, after the budget, said he is willing to meet other parties and governments “halfway.” “It is not that we have back-tracked on […]
Bharti Airtel, India’s largest telecom firm, has cross the 20 crore (200 million) subscriber mark in a single country (India), one of a handful of companies in the world to do so. It has also become the fourth largest telecom firm in the World in terms of the number of subscribers. The 200 million customer […]
U.S. retail e-commerce sales rose for the eleventh consecutive quarter in April-June, online market tracker comScore, Inc. said, but added that it was cautious about the second half of the year. Online retail spending jumped 15 percent in the second quarter of 2012 to $43.2 billion, comScore said, registering the seventh consecutive quarter of double-digit […]
Its death sparked widespread outrage and cries for an alternative ‘life support’ system to keep it alive. Now, a year after it was supposed to be ‘moved on’ from, Gnome 2 is back on the latest edition of a (more or less) mainstream Linux distribution, Rosa. In a rather surprising move, the Russian company behind […]
The National Alliance of People’s Movements, the biggest umbrella organization of NGOs in India, has seized the opportunity of the government fixing new 2G spectrum rates to hit back at the detractors of India’s Comptroller and Auditor General (CAG). In a statement released on Sunday, the NAPM, which includes activists like Medha Patkar and Saraswati […]
After two months of respite, India’s import bill has again started going up, partly due to high crude prices and the restarting of refineries under repair. Exports, however, continued their 30% year on year growth in January, though they slipped by around $2 billion compared to December. Oil imports bounced back from $6.9 billion in […]
Worldwide sales of mobile phones to end users reached 419 million units in the second quarter of 2012, a 2.3 percent decline from the second quarter of 2011, according to Gartner, Inc. Smartphone sales accounted for 36.7 percent of total mobile phone sales and grew 42.7 percent in the second quarter of 2012. “Demand slowed […]
The slipping economic growth rate has started showing in the recruitment numbers, according to the latest numbers released by India’s biggest recruitment firm Naukri.com. The July numbers showed a decline in hiring in sectors that depend on domestic demand, instead of catering to the foreign markets. Sectors that showed a slowdown include banking, oil and […]
The recent slashing of 3G tariffs by leading operators such as Bharti Airtel, Vodafone and Idea led to a doubling of data usage in just one month, Nokia Siemens Networks, which runs nearly 30% of India’s mobile networks, said. About two months ago, Indian operators had cut the price of 1 GB of 3G data […]
The electronic and IT manufacturers of India have raised issue with the government on rising “inspector raj” in the implementation of India’s new e-waste rules. India put in place new rules to handle e-waste — the toxic residue of items such as mobile phones, computers, TV and printers — in May this year. The new […]
As the fight over CAG’s report on coal allocation intensifies, one of the prominent industry associations, has justified the government’s decision to allot coal blocks at cheap rates to big corporations. Assocham, some of whose members may be among the beneficiaries of the government policy, said the allocation of cheap coal helped keep input prices […]
