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 […]
Rising incomes in rural India are fuelling greater spends on protein products such as milk, eggs and meat in the hinterland, a study by Crisil Research found. Overall spending by Indians on protein foods doubled to Rs 2 trillion in 2009-10 from 2004-05, it said. Most of India’s food price inflation is today due to […]
Google has introduced a new ‘free SMS’ (text messaging) service as part of its free email service, Gmail. While free SMS notifications – such as those about status updates, comments etc. on Google Plus – were already available, it is the first time that Google is promoting the SMS services as a standalone messaging service. […]
India’s crude oil production missed its target by a substantial 5.7% in September, due to 9.2% year-on-year dip in oil production from India’s biggest field, Mumbai High. Against a targeted 3.25 million tonnes of crude oil, India could produce only 3.07 million tonnes in September. Most of the slippage occurred in the Mumbai High field, […]
Samsung has powered ahead in the Indian mobile market and now has close to half of the total market, according to second-quarter numbers by Gartner. The Korean company’s share, in terms of revenue, will be even higher as its models are, on the average, costlier than what an average phone in India costs. Samsung’s share […]
It was months ago that Airtel Digital’s music (radio) service was suspended pending ‘upgradation’, and going by the news today, the wait was well worth it. Airtel Digital, one of India’s largest DTH services, said it is launching Worldspace Radio at Rs 35 per month. Worldspace was a familiar brand in India till about four […]
Nearly a year after promising to do so, legendary investor Warren Buffet has entered the Indian market through his flagship Berkshire Hathaway. The firm, which was bought by legendary investor Warren Buffet in early 60s, is the primary holding company of the Warren Buffet and gets most of its revenues from its insurance operations. Built […]
Industry associations have, again, expressed disappointment after the Reserve Bank of India kept interest rates steady. India’s central banker, however, cut the cash reserve ratio (CRR) by a quarter of a percentage point to help ease more money for banks to lend. The RBI has, for several quarters, shown more concern about high prices, and […]
Karbonn Mobiles, one of the original Indian cell phone brands, has added five new tablets and smartphones to its range – the biggest one-time launch of products by any Indian brand in recent times. In the new line-up are tablets Karbonn Smart Tab 3 (Blade), Karbonn Smart Marvel (Marvel) and smartphones Karbonn Smart A11, A7+, […]
Can Windows 8 tablets take on Android-based models such as the Nexus anthe Galaxy, and the iPad? Going by the Dell Latitude 10 tablet, they may attract a particular group. On Tuesday, Dell introduced its first Windows 8 tablet in India, priced at Rs 42,490, and a tablet-cum-laptop convertible at Rs 90,490, as part of […]
Indian companies, which have posted nine straight quarters of declining profitability on average, are likely to see earnings rise in the coming quarters due to falling commodity prices, Crisil ratings said. “Based on an analysis of the aggregate financials of 280 large companies across 28 key sectors, CRISIL estimates that EBIDTA margins will improve by […]
If you thought DTH antennas are only for homes, think again. Dish TV has tied up with antenna-maker Gilat to install its antennas on the Maharaja Express, a luxury train in India. The special antennas continuously turn and tilt to make sure that they are pointed towards Dish TV’s satellite, ensuring that the signal is […]
It is a much debated question – Cloud computing results in enormous savings for companies, but will all that saving mean IT budgets (and the IT market) will shrink, hitting jobs everywhere? In other words, when you don’t need an army of IT engineers to install and maintain a huge array of local software in […]
Three key server segments — hyperscale data centers, hosted virtual desktop (HVD) workloads and extreme low-energy (ELE) servers — will offer opportunities for growth through 2015, according to technology research Gartner, Inc. Servers represent the control points of hardware infrastructure in data centers, where workloads and applications reside, and Gartner analysts estimate that end-user spending […]
