Lenovo, India’s No. 1 PC Vendor has launched the IdeaPad U310 and IdeaPad U410 ultrabooks across the country. Lenovo’s new U Series Ultrabooks are the first to ship with Intel’s new 22-nm Ivy Bridge processors in the Indian market. With 17-watt processors, both U310 and U410 have an extended battery life of up to 9hrs. […]
Virgin Mobile USA has launched what has to be one of the most value-for-money, no-contract smartphone handsets in the country — the HTC One V. Priced at just $200, the phone is available for about the same price as what other carriers charge for smartphones such as the Apple iPhone on contract. Being a prepaid […]
The following are the main points of the government’s announcement of 2012-13 supplements and changes to India’s Foreign Trade Policy – 2% interest subvention for Handlooms, Handicrafts, Carpets and SMEs Last year the government had agreed to create a special dispensation for labour intensive industry by extending the facility of 2% interest subvention for Handlooms, […]
Budget in numbers: ITEM 2012 2011 Gross Tax receipts 9,32,440 crore 7,46,651 crore Non-tax revenue 1,25,435 crore 1,48,118 crore Total expenditure 12,57,729 crore 11,08,749 crore Plan expenditure 4,41,547 crore 3,73,092 crore Fiscal Deficit 4.6% (proj) 5.1% (actual) Real Revenue Deficit 1.8% (proj) 2.3% (actual) Total Gov borrowing 3.43 lakh crore 3,45,010 crore Government debt/GDP 44.2%
Tata DOCOMO has cut the prices of its CDMA-EVDO high speed internet service to bring them in line with the reduced tariffs offered by major competitors like Airtel and Idea. It has introduced two new plans, mirroring those of its main competitors. Like Idea, users of Tata Phone Plus (+) can now get 6 GB […]
Google said it has acquired mobile office-suit software maker Quickoffice for an undisclosed sum. Quickoffice makes programs that allow users to open documents such as spreadsheets on any platform, such as Android, iOS and Symbian. Google seems to be planning to integrate Quickoffice features into its own offering built around Google Docs. “Today, consumers, businesses […]
It’s finally here – the first major global Cloud-based platform rolled out by an Indian IT services major. Wipro Technologies, the fourth largest Indian IT services provider, announced it was expanding its Cloud platform by offering a global-level Infrastructure-as-a-Service (IaaS) product. IaaS is the basic level of Cloud offering. On top of IaaS is built […]
Smartphones will make up about 25% of the total Indian mobile phone market by 2015, ‘Research and Markets’ has predicted. The research firm said sales of smartphones in India will grow at 60% every year on average till 2015, while overall mobile handset sales will grow at about 13% per year. It estimated smartphone volumes […]
ASSOCHAM has called for a big dose of political courage to halt the negativity being spread by vested global agencies and reverse the on-going decline in investor confidence. At a meeting with the Prime Minister Dr. Manmohan Singh today the ASSOCHAM President Mr. Rajkumar Dhoot submitted a memorandum suggesting measures to tackle issues like high […]
The Indian domestic IT market, including hardware, software and services, was worth $30.4 billion, according to the latest study by advisory firm Zinnov. In the enterprise sector, 53 per cent of the money spent was for hardware, followed by IT services (32%) and software (15%). The study, which focused on the Banking, Financial Services and […]
Asian Americans are the American minority most unimpressed with how they are portrayed in mainstream TV, according to a survey about 1,500 households in the United States. 27% of the Asian respondents felt the portrayal of their community in mainstream media was inaccurate, while only 22% felt it was accurate. The rest were neutral. Similarly, […]
Subash Chandra-owned Zee Groups’ DTH platform Dish TV has bowled a googly in the ongoing scamper for snapping up subscribers during the cable digitization wave. While the whole battle was seen as DTH operators fighting with cable operators to lure away the latter’s customers at the time of digitization, Dish TV has unveiled a new […]
The following are the highlights of the Union Budget presented by Finance Minister Pranab Mukherjee today: Salaried taxpayers, whose tax is deducted at source by employer, will soon not be required to file a return of income (IT return) Direct Taxes Code (DTC) to be effective from April 1, 2012. Bill to be introduced in […]
Crisil Research has blamed high food prices and lower rupee value for consistent high inflation. It noted that even though growth seems to have moderated, inflation, which should also have come down, has not. “This reflects the higher-than-anticipated increase in food inflation, and the impact of the weak currency on imported component of inflation. Although […]
The depreciation of the rupee is hitting Indian customers hard. A day after Samsung priced its new Galaxy S3 model phone at 30% more than the price of its predecessor, due primarily to a 20% depreciation in the value of the rupee, Ricoh announced a 5% increase in its printers and other office products. These […]
Exports nudged up 3.23% in April, reaching $24.46 billion, while imports too grew 3.83% to $37.94 billion. Exports in April were valued at US$ 24455.38 million (Rs. 126708.46 crore) which was 3.23 per cent higher in Dollar terms (20.54 per cent higher in Rupee terms) than the level of US$ 23690.37 million (Rs. 105114.17 crore) […]
Two Indian-origin students in the U.S. have won the top slots at the prestigious Scripps National Spelling Bee championship this year. Snigdha Nandipati of San Diego, California defeated Stuti Mishra of West Melbourne, Florida to clinch this year’s title. Earlier, three Indian-origin students had won all the top three slots at this year’s National Geographic […]
The Samsung Galaxy S3 will cost Rs 43,180 in India, in line with its pricing in Europe (600 euros or Rs 42,000 plus). While fans may be disappointed at the high cost, it may be noted that the rupee depreciation is the primary factor behind the high cost. The S2, the previous version of Samsung […]
Opera, currently the subject of much speculation as a target for acquisition by Facebook Inc, has released version 7 of its popular Opera Mini browser for phones. Opera Mini is estimated to be the world’s most widely used mobile browser, primarily due to its ability to provide a comfortable browsing experience on even modest phones. […]
Royal Dutch Shell, Reliance Power and Kakinada Seaports have reached an agreement to construct an LNG terminal on India’s eastern sea coast, targeting the energy-hungry local market. Shell and Reliance Power will hold the majority of the equity in the terminal company and the venture would represent a significant Foreign Direct Investment in the country […]
