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 […]
Apple showed the biggest increase in phone market share in the United States during the second quarter of 2012 while LG showed the biggest fall among top brands, according to the latest numbers from digital tracking firm comScore. Samsung, which has been hit by legal issues due to a patent lawsuit by Apple, was able […]
The National Housing Bank (NHB) will soon come out with guidelines for non-banking housing finance companies to give impetus to funding for housing sector and create an asset-backed securitisation thereby further expanding the securitisation domain, R.V. Verma, chairman, NHB said at an event held in New Delhi today. Non-banking finance companies (NBFCs) are riskier than […]
Nokia today announced the Nokia Lumia 920 and the Nokia Lumia 820, the first Nokia devices to feature Windows Phone 8 operating system. The Nokia Lumia 920 is the first Windows Phone 8 smartphone, including the latest advances in Nokia PureView imaging innovation. Using advanced floating lens technology, the camera in the Nokia Lumia 920 […]
There were two features that helped navigation device makers withstand the competition from cellular map software makers like Google — turn-by-turn voice directions and the device’s ability to work even where there is no cellphone signal. While the second factor — offline function — was addressed by Google for its Android map application few weeks […]
Is it better to invest through a mutual fund or simply invest directly in popular stocks such as Infosys and Reliance? According to the latest S&P Indices Versus Active Funds (SPIVA) scorecard, the ‘professional’ fund managers may not be any better at guessing which stocks will go up and which will go down compared to […]
One of the aspects of the open-source software model is that disagreements over a course of action can lead to a split in the community of volunteers who develop a particular product, ultimately leading to the birth of a new project, called a ‘fork’. Many, especially outside the open-source field, see this as a disadvantage […]
In a coup of sorts to Chennai-based cloud-solutions provider Ramco Systems, Dell has agreed to offer Ramco’s ERP cloud solution to its mid-market clients. ERP or enterprise resource planning helps big organizations and companies manage their resources and assets by tabulating and generally keeping track of assets, people and inventories. It helps companies figure out […]
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 […]
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 […]
The India application development (AD) software market is expected to grow 22.6% this year to reach more than $227 million, according to IT market research firm Gartner, Inc. Application development is one of the biggest revenue drivers for Indian IT outsourcing companies. Many companies hand over the task of developing software applications to Indian companies, […]
World’s biggest social network Facebook has started telling users in India that they have to switch to Timeline, a new kind of profile page, by August 13. There had been various reports, dating back to February 2012, of an impending forced switchover to Timeline, but users had so far been given the option of retaining […]
Nearly 55 per cent of young workforce engaged in India’s IT and ITES sector are stricken with lifestyle disorders due to unhealthy eating habits, hectic work schedules, tight deadlines, irregular and associated stress, according to a survey by industry association ASSOCHAM. The survey was carried out at Bangalore, Chennai, Hyderabad, Gurgaon, Noida and Pune between […]
Worldwide spending for IT outsourcing (ITO) services is on pace to reach $251.7 billion in 2012, a 2.1 percent increase from 2011 spending of $246.6 billion, according to the latest outlook by Gartner, Inc. India’s share of the total global outsourcing market (including BPO services) is estimated at about $88 billion, according to Nasscom. The […]
The following is the full text of Arvind Kejriwal’s letter to the followers of India Against Corruption and Anna Hazare in which he tries to answer those who have opposed Anna’s move to enter the political arena. Dear friends, There are mixed reactions at the end of Anshan. The general populace has welcomed our initiative […]
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 […]
