The much awaited smartphone platform for the masses, Firefox OS, is finally here. Spice, one of the two Indian companies chosen by Mozilla as its hardware platform for the low-cost smartphone revolution, has announced the fruits of its labor. The move is intended to make smartphones accessible to everyone by lowering the entry barrier. The […]
Spice Retail Limited has lauched India’s first Firefox OS powered smartphone, Spice Fire One Mi – FX 1. Priced at an unbelievable price of Rs 2,299, Spice Fire One. Commenting on the launch, Mr. Prashant Bindal, Chief Executive Officer, Spice Mobility Ltd, said, “This is a step towards enabling the dreams of the small town […]
Chinese vendors Huawei and ZTE, along with Micromax, control nearly 81% of India’s data card, or USB dongle, market, according 6Wresearch. The market, which was previously commanded by the CDMA segment is now witnessing a strong shift towards GSM based Data Cards, the market research said in a report. Huawei led the overall market, with […]
Sony’s 5.5-inch, Android KitKat-based Xperia C3 will be available in the Rs 19,000-21,000 range when the phone is launched in coming weeks in India, according to industry sources. The phone will compete in the space between the mid-range and the top-end and the model would be available in the next five to six days in […]
Cyient Ltd, formerly known as Infotech Enterprises, said has agreed to a majority stake in Invati Insights Private Limited (Invati), a start-up data sciences company. The new entity is proposed to be renamed Cyient Insights to better reflect brand and market aspirations, the Mumbai-based company said. Invati will strengthen Cyient’s data analytics capabilities and offerings […]
Glenmark Pharmaceuticals has announced the discovery of a new anti-cancer therapy by its Swiss subsidiary. The new drug, GBR 1302, will target breast cancer and ovarian cancer, and the company expects to start clinical studies this year. Unlike normal drugs, the new drug will work by making it easier for human body’s defence mechanism, white […]
Volkswagen India has launched Vento Konekt, whose speciality is the multitude of connectivity options in the car. Available on Comfortline and Highline variants of the Vento, the Konekt package includes a Blaupunkt infotainment system, with GPS navigation and hands-free, Bluetooth-enabled telephony. “Integrated into the centre console at the front, this high-end system features a high-resolution […]
The Reserve Bank of India is unlikely to cut its key interest rates anytime this year if rains remain deficient, Bank of America Merrill Lynch said in a note. Economists Indranil Sen Gupta and Abhishek Gupta also said retail inflation could decline to 6% by January if monsoon rains remain largely along expected lines. “We […]
Piramal Enterprises Limited (PEL) and APG Asset Management, the Dutch pension fund asset manager, formed a strategic alliance for investing in rupee denominated “mezzanine” instruments issued by infrastructure companies in India with a target investment of US$ 1 billion over the next 3 years, the companies said. PEL and APG have each initially committed US$375 […]
The central government has admitted that it is not able to block all sites with “sensitive” content, especially when they are delivered using HTTPS encryption technology. HTTPS technology is used for banking, and other highly secure transactions like password authentication. Google started encrypting most of its data using HTTPS technology recently after it was revealed […]
It often happens that when a company is investing heavily into a strategic, next-generation project, its margins take a hit and the stock goes down. The reaction to attributed to investors’ inability to full understand a company’s business and priorities. But sometimes, it way work the other way too. The stock of Infosys actually went […]
ONGC Videsh Limited, the foreign-focused unit of ONGC said it has raised $ 1.5 billion and Euro 525 million unsecured bonds in the international capital markets. The bonds are guaranteed by ONGC. T “The Reg S Bonds will be issued in dual currency with two tranches of US$ 750 million each for 5-year and 10-year […]
SpiceJet today announced that it is resuming its services on Dubai-Mumbai and Dubai-Madurai routes with effect from July 21, 2014. SpiceJet launched service on these two sectors earlier in June 2012 and November 2013 respectively, but had to temporarily suspend these flights in May this year due to runway work at Dubai airport, during which […]
Nykaa.com, an online beauty products seller, raised Rs. 20 crores through private investors including HNIs and NRIs to boost the expansion plans of the brand in the omni-channel retail space, including mobile, the company said. With this capital, Nykaa.com aims to grow 4 times this year and another 3.5 times by 2016, it said. It […]
BMW Group India will launch its hybrid petrol-electric limosine, the BMW ActiveHybrid 7 in India on 23 July at 12:30 pm in Gurgaon. The luxury limo has both an electric motor as well as a 3-liter petrol engine. Under easy conditions, the car will run entirely on electric power until the batteries run out, after […]
The Mumbai Press Club will hold a discussion on the gas pricing controversy, it said in a statement. The discussion will be based on Paranjoy Guha Thakurta’s book – Gas Wars: Crony Capitalism and the Ambanis and will be held on Friday, 27th June, 2014 at 2.45 PM. The price of natural gas has been […]
Infosys announced the appointment of Vishal Sikka as the new Chief Executive Officer and Managing Director of the company. Sikka will be inducted as a whole-time director of the Board and CEO & MD (Designate) on June 14, 2014. He will take over as CEO and MD from Mr. S. D. Shibulal on August 1, […]
The Infosys Board of Directors announced the selection of Dr. Vishal Sikka of SAP as the Chief Executive Officer and Managing Director (CEO & MD) of the company. Sikka will be inducted as a whole-time director of the Board and CEO & MD (Designate) on June 14, 2014. He will take over as CEO & […]
Even as the issue of foreign direct investment in defence sector is being debated, an industry association has pointed out that foreign institutional investment in Indian companies is preventing them from making defence equipment. Unlike FDI, FII is done through the stock exchange, and most companies have a large chunk of their shares being held […]
After its spectacular success in porting in high-spending customers using its unlimited voice, data and SMS offer at an effective cost of around Rs 500 per month, Reliance Communications has decided to forge ahead aggressively with an cheap 40-paise-per-minute offer for all India customers. Under the new scheme, roaming charges will not apply. This is […]
