Call it a consolation prize, but India’s goods trade deficit, which zoomed 56% last year to $185 billion, is likely to fall this year due to the poor economy, Crisil Research said. Trade deficit refers to the shortfall between how much a country earns through exports to other countries and how much it needs to […]
Swedish do-it-yourself furniture retailer IKEA may get its way on bringing its large-store format largely unchanged to India, according to latest indications from Anand Sharma, the commerce minister of India. India’s foreign investment promotion board or FIPB, the body that gives approval to big direct investment proposals from outside the country, had “struck off” certain […]
Gartner has cut by a third its forecast for the growth of PC industry this year due to competition from tablets. The growing popularity of devices like the iPad, which saw its second iteration on Tuesday, will bring down growth of the PC industry from 15.9% to 10.5% in 2011, the agency said. The impact […]
A strong performance in consumer laptops helped HP resist the onslaught of Acer and Lenovo in the third quarter and prevent a big erosion in its market share, according to the latest quarterly PC numbers from IDC. Lenovo and Acer have benefited from the Tamil Nadu government’s massive program to distribute free laptops to students. […]
In a recent survey undertaken by the According to the Associated Chamber of Commerce and Industry of India has found that the demand of fancy lights, lampshades, Ganesha and Laxmi idols, rangolis to crackers and other such various items are increased by over 45% than the last year. The market is surging with Chinese products […]
The PC model refresh continues apace, this time in the form of all-in-one (AIO) PCs from Taiwanese brand Asus. It has launched four all-in-one PCs, starting at a price of Rs 30,000 and going all the way up to Rs 66,000, with displays ranging from 20 inches to 23.6 inches. Two of the models, which […]
In the gunfight between companies like Micromax, iBall and Karbonn, Chinese major Huawei has walked in with a Bazooka – a full-HD-plus, LTE enabled 10-inch tablet that is more than 12% lighter than iPad 4. Next to the iPad 4, the Huawei MediaPad 10 FHD will be the tablet with the greatest specifications in the […]
Pump operators are seeking a cut in diesel taxes in Delhi to entice users to fill up, after being hit by a slow down due to cheaper rates in neighbouring Haryana. While Haryana has a value added tax of 9%, it is 12% in Delhi, leading to motorists filling up in suburbs like Gurgaon, instead […]
Evernote, the company behind one of the most successful mobile applications, has tied up with the maker of Tencent ONE Browser for Android, setting its eyes on the Indian and Asian market. Evernote allows users to remember all aspects of their lives by creating notes, snapping images, recording audio, saving files and having everything synchronize […]
BSP leader Mayawati refused to clarify her stand on foreign direct investment (FDI) in retail, speaking after the Lok Sabha was adjourned on the first day of the winter session. “We will clarify our stand on FDI only in the Parliament,” Mayawati said, speaking outside the Parliament immediately after the Lok Sabha was adjourned till […]
It’s not exactly the hottest battleground in the war between graphics giants Nvidia and AMD-ATI, but it looks like Nvidia, which already had a nice lead, has pulled far ahead of ATI in the Linux market. The Linux operating system, including variants such as Ubuntu and Android, is rapidly rising in popularity. However, most commercial […]
The chief information commissioner (CIC), India’s top body for administering the Right to Information (RTI) Act heard arguments from the NGO Association for Democratic Reforms (ADR) for making income tax returns of members of parliament public. The arguments were in an appeal filed by the NGO after its requests for getting the income tax returns […]
During the financial year (FY) 2012, while the asset-backed securitization (ABS) issues have increased by 58% to 178 transaction from 113 (FY11), while the residential mortgage-backed securitization (RMBS) registered marginal increase to 22 transaction from 14 (FY11) only, according to a joint study by ICRA and ASSOCHAM. ABS is an investment option. An ABS gets […]
The Supreme Court’s judgment on the appointment of the Chief Vigilance Commissioner PJ Thomas gives clear details about how the Congress government, both at the Centre and in Kerala, tried to quash the criminal proceedings against PJ Thomas. The Judgment, which scrutinizes the role of the Department of Personnel and Training of the Central government, […]
In a major coup, Infosys said it has got the contract for government of India’s e-filing service, MCA21. The project was earlier being handled by Tata Consultancy Services or TCS. “Infosys will revamp the existing application, after the transition from the incumbent vendor and manage the overall transformation to MCA21 v2.The company will provide services, […]
Indians are consuming milk products like never before, according to numbers from the commerce ministry. While exports of dairy products out of India have plummeted in the last three years, their imports have soared, indicating strong demand for milk and milk products. India has the largest number of cows in the world and produces the […]
India’s National Association of Software and Services Companies (NASSCOM), the biggest association of software and services companies, has said that it now expects industry growth this year to be at the lower end of its earlier forecast. It now expects industry export revenues of $75-77 billion in FY 2013. Growth will be led by remote […]
Times Internet, part of the Times of India group, has acquired men’s fashion site MenXP. The Internet company, part of India’s biggest media group, had recently adopted a strategy of buying or tying up with small internet companies that need capital to fund growth. Interestingly, Times Internet, which owns the indiatimes.com portal which hosts the […]
Worldwide sales of mobile phones to end users reached almost 428 million units in the third quarter of 2012, a 3.1 percent decline from the third quarter of 2011, according to Gartner, Inc. Smartphone sales accounted for 39.6 percent of total mobile phone sales, as smartphone sales increased 46.9 percent from the third quarter of […]
Flipkart.com, India’s most successful and arguably the biggest online retail store, has become the first in the country to offer a large-scale collection of e-books – that can be read directly on a phone or tablet, instead of on paper. E-books, or electronic books, account for about half of all the books sold in the […]
