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 […]
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 […]
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 […]
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 […]
