Maldivies ask all employees of GMR to leave the country in 7 days
Posted on November 29, 2012
Filed under Business,Maldives
Maldivies ask all employees of GMR to leave the country in 7 days
After the current Maldives Waheed government decided to terminate the $ 500 million Ibrahim Nasir International Airport project contract at Male. The Maldives Immigration department has announced it would not process any further Visa requirements for the employees of GMR, and all employees of GMR have been asked to leave the country in 7 days. Also the Maladies aviation [...]
Walmart suspend its Indian CFO over alleged of violations of the U.S. anti-bribery laws
Posted on November 24, 2012
Filed under Business,Video
Walmart suspend its Indian CFO over alleged of violations of the U.S. anti-bribery laws
Walmart’s expansion in India is facing several roadblocks, following its chief financial officer Pankaj Madan and four other staff have been suspended over alleged of violations of the U.S. anti-bribery laws. Wal-Mart, the world’s largest retailer has partnered with Bharti Enterprises for its Indian operations. The suspended authorities were in charge of procuring licenses required for the [...]
Airtel ,Vodafone end tie up with Aircel for SMS
Posted on November 22, 2012
Filed under Business
Airtel ,Vodafone end tie up with Aircel for SMS
Vodafone ended it tie up with Aircel for the SMS connectivity, following Airtel also ending its tie up with Aircel two weeks back. Currently the TRAI has defined SMS interconnection as mandatory but the termination charge is not defined. Termination charges are paid by an operator from whose network calls or SMS originate to the one [...]
The 2G spectrum auction -a flop show, Is 2G is still relevant
Posted on November 14, 2012
Filed under Business
The 2G spectrum auction -a flop show, Is 2G is still relevant
Government 2G mobile phone spectrum auction ended as a flop show on Wednesday with half of the airwaves on offer remaining unsold and government getting only Rs. 9,407 crore. Is 2G is still relevant to tIndia? 1) 2G is far more cheaper than 3G which is not only expensive and does not suit millions of Indians [...]
IT industry, despite the volatile to grow by 11 Percent in 2012-13
Posted on November 12, 2012
Filed under Business
IT industry, despite the volatile to grow by 11 Percent in 2012-13
National Association of Software and Services Companies (Nasscom), on Monday, said that the IT industry, despite the volatile and challenging global economic environment, would grow by 11 per cent in 2012-13 based on the first six months performance of top companies in the sector. This is the lower end of the forecast made by Nasscom [...]
Twitter major goof up, resets 140 million users passwords
Posted on November 9, 2012
Filed under Business,Technology
Twitter major goof up, resets 140 million users passwords
Twitter sends password reset email to more than 140 million active users while conducting routine security screening to identify accounts that may have been compromised. The email read, in part, “Twitter believes that your account may have been compromised by a website or service not associated with Twitter. We’ve reset your password. … You’ll need to [...]
Diageo Plc to buy a 53.4 per cent stake in Mallya’s United Spirits for Rs 11,166.5 crore
Posted on November 9, 2012
Filed under Business
Diageo Plc to buy a 53.4 per cent stake in Mallya’s United Spirits for Rs 11,166.5 crore
UK-based Diageo Plc will buy a 53.4 per cent stake in Vijay-Mallya led United Spirits for Rs 11,166.5 crore in a multi-structured deal. The development comes at a time when he is trying to overcome financial problems in his grounded Kingfisher Airlines, but Mallya said this is not a “sell out” to save the carrier. [...]
Google Nexus 7 Tablet officially in India for Rs 19,990
Posted on November 8, 2012
Filed under Business
Google Nexus 7 Tablet officially in India for Rs 19,990
Google Nexus 7 Tablets are on sale from today in India for Rs 19,990. Tablet maker Asus confirmed that sale of the tablet with an entry level Nexus 7 with 16GB storage priced at Rs 19,990 begins today. Though many online retailers have been selling the Nexus 7 in India, the device had not been [...]
Tata Motors Ltd Net profit at Rs 2,075 crore rupees for the last quarter
Posted on November 7, 2012
Filed under Business
Tata Motors Ltd Net profit at Rs 2,075 crore rupees for the last quarter
Tata Motors Ltd posted a 10.5 percent gain in quarterly net profit, but lagged estimates as pricing pressure impacted its Indian business margins and slowing economic growth impacted demand for commercial vehicles. Net profit rose to Rs 2,075 crore rupees in July-September from Rs 1,877 crore rupees a year ago, while consolidated revenues rose by 19.9 percent [...]
Ceat Ltd net profit for the quarter at Rs 3.80 crore
Posted on November 5, 2012
Filed under Business
Ceat Ltd net profit for the quarter at Rs 3.80 crore
Ceat Ltd today reported consolidated net profit for the quarter ended September 30 at Rs 3.80 crore, a 69.64 per cent increase . The company had posted a net profit of Rs 2.24 crore in the corresponding period last year, Ceat Ltd said in a statement. The net income during the second quarter of the fiscal [...]
Micromax’s Rs 10K Samsung Galaxy S III clone:A110 Superfone Canvas 2
Posted on November 1, 2012
Filed under Business
Micromax’s Rs 10K Samsung Galaxy S III clone:A110 Superfone Canvas 2
Micromax has launched an upgraded version of its 5-inch A 100 Superfone Canvas smartphone named “A110 Superfone Canvas 2″. The phone is reminiscent of the Samsung Galaxy S III smartphone. The A110 Superfone Canvas 2 has a 5-inch display with a resolution of 480×854 pixels. Read the other features
Reliance Industries shares drop following Kejriwal accusation
Posted on November 1, 2012
Filed under Business
Reliance Industries shares drop following Kejriwal accusation
RIL(Reliance Industries Ltd) shares fell as much as 2.1 percent on Thursday, a day after IAC activist Arvind Kejriwal accused the energy conglomerate of hoarding natural gas and exerting pressure on the government to favour it. Reliance Industries, controlled by Mukesh Ambani, India’s richest person, said in a statement that the allegations were “devoid of any truth or [...]