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Air India Offers 30% Discount

- shilpi sharma   26-02-2014

National carrier Air India has joined the latest round of fare wars by dishing out discounts of up to 30 per cent while Spicejet has extended its offer by another day.  Days after budget carriers led by SpiceJet lowered ticket rates by up to 75 per cent to avail early summer

Cabinet To Set 7th Pay Commission's Terms

- shilpi sharma   25-02-2014

The Cabinet is likely to set the terms of reference of the 7th Pay Commission this week, paving the way for salary revision of over 50 lakh central government employees. The matter will be finalised at the proposed meeting as the government wants to settle the matter before model code of

NASA To Launch Water Related Satellite With India's ISRO

- AKSHAY GOEL   25-02-2014

NASA US Space agency said it would launch a water-related satellite in collaboration with India's ISRO. The NASA-Indian Space Research Organisation (ISRO) Synthetic Aperture Radar mission is a part of its plan to launch in the next seven years a series of satellite related to water and drought, the

Blackberry Launches 2 New Smartphones

- AKSHAY GOEL   25-02-2014

Blackberry unveiled a new flagship - the BlackBerry Q20 smartphone at Mobile World Congress in Barcelona., aimed to deliver a full and distinctive QWERTY experience on BlackBerry 10. It will feature a 3.5 inch touchscreen and a keypad with frets and sculpted keys.John Chen, Executive Chairman and CEO at BlackBerry said, &

WhatsApp To Introduce Voice Calls

- Navin Sharma   24-02-2014

The world's biggest messaging service  Whatsapp, which was just bought by Facebook for $19 billion will be made to dial voice calls, that will make it a win over those who are looking at a messaging app that can support voice calls. While Facebook is going with a vision

Long-Stretched Discount Offers Not Beneficial For Retailers

- shilpi sharma   24-02-2014

While footfalls have fallen after the long period of discounts, retail chains are being forced to continue selling discounted merchandise, as new stock is yet to arrive.  This year, the season of retail discounts had begun early. But now, it seems the strategy has backfired. Used to discounts, shoppers

Air Fares Go Down Third Time

- AKSHAY GOEL   25-02-2014

Low-cost carrier SpiceJet triggered a third round of fare war by cutting ticket prices by a massive 75 per cent, a move which was soon followed by its rivals GoAir and IndiGo.This is the third time in last one month that the Kalanithi Maran-promoted carrier has doled out enticing

Samsung Launches Galaxy S5

- AKSHAY GOEL   25-02-2014

Samsung sought to frame its new Galaxy S5 smartphone as a lifestyle product, as it emphasized a built-in heart-rate sensor and improved camera features over its slightly larger size.One of the main appeals of Samsung phones has been their size. The screen has steadily increased

Nokia X Android Phone Launched

- AKSHAY GOEL   23-02-2014

 Nokia introduced a new low-end Nokia X smartphone, with Google's Android mobile operating system, at the Mobile World Congress in Barcelona.The low end, inexpensive phone will include a dual-core 1GHz Snapdragon processor, a 4-inch WVGA screen, 512MB of memory, 4GB of storage, and a microSD card slot.&

Microsoft To Reach Low-Cost Markets With Windows Phone

- Paromita Balodi   23-02-2014

Microsoft Corp is pushing to reach a far wider audience for smartphones running its Windows Phone software by turning to cheaper chipsets and easing restrictions on how phone makers use its software to encourage them to drive down costs.Nick Parker, Microsoft's senior vice president for handset makers, said

Trai Recommends Auction Of CDMA Spectrum

- SK Pandey   21-02-2014

Telecom regulator Trai (Telecom Regulatory Authority of India) today recommended auction of CDMA (Code Division Multiple Access) spectrum at reserve price of Rs 2,685 crore per megahertz, which is around 50 per cent higher than the previous pan-India base price.The recommendations come after multiple rounds of discussions between the government

Rupee Gets Stronger Against Dollar

- Amit Kr. Yadav   21-02-2014

The rupee for the first time in three sessions ended at 11 paise higher at 62.12 versus the dollar on selling of the American currency by banks and exporters, amid FII inflows fuelling a rebound in shares.After falling about 39 paise in the previous two days, the rupee resumed higher at 62.19 per

Consumers Can Get LPG Cylinders Without Aadhaar Account

- SK Pandey   20-02-2014

Now subsidized LPG cylinders can be purchased without having an Aadhaar account, the government informed the Lok Sabha on Friday.Petroleum and natural gas minister Veerappa Moily said, “ A clarification on delinking Aadhaar account from disbursal of subsidized LPG cylinders would be issued within a week.” Moily was

Celerio May Be Highest Selling Car

- Navin Sharma   19-02-2014

The newly launched Maruti Celerio is registering 1,000 bookings per day. It may become the highest selling car soon. Maruti Alto has a sales volume of around 20,000-25,000 units per month.The company's chairman RC Bhargava said, “The Celerio model is registering 1,000 bookings per day.”Mahantesh Sabarad, deputy

China Overtakes India In Gold Consumption

- AKSHAY GOEL   18-02-2014

 According to a World Gold Council report(WGC) released , China has overtaken India as the world's largest gold consumer. While Chinese consumers lapped up 1,066 tons of gold products in 2013, their Indian counterparts bought 975 tons, up 13% from 2012, the report said.According to WGC's Gold Demand Trend 2013, India's

RBI To Suspend Its Next Monetary Policy

- shilpi sharma   17-02-2014

The Reserve Bank of India is likely to hit the pause button in its next monetary policy review on April 1, as inflation is expected to peak off and FY15 GDP growth is likely to be around 4.7 percent, a Bank of America Merrill Lynch (BofA-ML) report said.According to the global

Vehicles Prices Go Down By 4%

- shilpi sharma   17-02-2014

Prices of Small Cars, Motorcycles and SUVs are likely to come down by 3 % to 4 % immediately as automakers are expected to fully pass on to the buyers the excise duty reduction announced in interim Budget."We could see vehicle prices go down by 3 to 4 %. I would take for granted that

SBI Net Profit Dips 34%

- shilpi sharma   13-02-2014

State Bank of India (SBI) posted a 34% decline in net profit at Rs 2,234.34 crore for the third quarter ended December 31, 2013 on account of higher provisioning for bad loans. The country's largest bank had a net profit of Rs 3,396 crore on standalone basis in the October-December quarter of 2012-13.The

Govt Might Announce Gross Borrowing For 2014/15: StanChart

- Amit Kr. Yadav   12-02-2014

Standard Chartered Bank estimates that the government will soon announce gross borrowing for 2014/15 of Rs 5.8-6 lakh crore ($190.02 billion), based on the government's fiscal deficit target of 4.2 per cent of GDP.Finance Minister P Chidambaram is due to unveil the interim budget, ahead of general elections.StanChart adds the

India To Cancel Tax Talks With Vodafone

- Paromita Balodi   11-02-2014

India plans to pull out from talks with Vodafone Group Plc (Public Limited Company) to settle nearly a $2 billion tax dispute after the British operator pushed for the inclusion of a separate tax case in the talks, according to an internal government note.The finance ministry plans to seek the


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