According to unconfirmed reports, North India has seen a Rs 3 hike. A Delhi-based dealer said the companies had told him that the price would go up by Rs 5 a bag in a day or two. "The companies raised wholesale prices and we passed on the burden to consumers," said a Mumbai-based dealer who did not want to be named. The present retail price in Mumbai is Rs 274 per bag. Market sources said Chennai had seen a hike of Rs 3.
The Rs 200,000 plus perks hike for regulators proposed in the Sixth Pay Commission is likely to attract good talent. It would be sufficient incentive for both private sector executives and serving bureaucrats to join as watchdogs. The Commission has recommended that the remuneration of chairpersons of regulatory agencies like the Sebi, Irda, Trai, CERC as well as the Competition Commission of India be hiked to Rs 300,000 if they do not avail of perks like cars and housing.
In its efforts to thwart Microsoft, IBM had unveiled Lotus Symphony a few months back, challenging the former's dominance in the office desktop software market. The package includes a word processor, spreadsheets and a presentation suite. Edward Orange, director, Lotus Business Unit (Software Group), IBM Asia-Pacific, said, "Since it's free, Lotus Symphony is a formidable challenge to Microsoft's new Office 2007 suite in the market for Windows-based productivity software."
The fourth quarter of financial year ending March 31, 2008, may hold a mixed bag of results for Indian information technology (IT) companies. On the one hand, IT firms - which hedged themselves taking the view that the Indian rupee would continue rising against the US dollar - will have to bear a negative impact on the portfolio that has been hedged so far. On the other, their top line as well as operating margins (EBIDTA) will get a boost since the rupee has depreciated.
According to a survey conducted jointly by the Internet and Mobile Association of India and IMRB, the consumer Internet market is growing at 30 per cent and this is lucrative enough for Microsoft and Google, with each trying to outdo the other. The 38.5 million Internet users, according to an IAMAI study, have become the prime target for numerous advertisers clouding the web. Recently, Microsoft launched the platform in India with four leading publishers.
Logitech Squeezebox, the new music gadget on the block, is a wireless box that uses wi-fi to play music. It can be integrated in home theatre system and speaker or ear phones too.
The company also maintains that its original equipment (OEM) partners such as Taiwan-based Asustek Computer, HTC, HCL, Gigabyte and Palm, will start rolling out cheaper internet-enabled notebooks and handsets at prices that will drive mass adoption in emerging markets.
Indian PC and console game developers and publishers are gradually waking up to the potential of developing games completely in India.
With a fast-expanding pool of billionaires and millionaires, India is now an important market for pleasure-craft peddlers.
Nepalese police on Friday decided to slap charges of illegal kidney transplants and foreign currency violations against alleged kingpin Amit Kumar as India wanted him to be handed over to the Central Bureau of Investigation at the earliest.
Call it the "Nano effect" but less than a month after Tata Motors displayed its competitively-priced small car at the Delhi auto show, prices in the 1.3-million used-car market crashed 15 to 30 per cent, if not more.
Many banks have begun to work on plans to provide assistance to brokers to ensure they do not default on any payments amid a turbulent stock market, following the finance ministry's unofficial advice to them to explore ways of supporting market players. All the actions would be initiated within the prudential framework like adhering to the limit on capital market exposure, said a top executive of another PSB.
Bangalore-based software giant has teamed up with eminent cartoonist Mario Miranda to create an advertising campaign that will light up its recruitment brand. The Goa-based cartoonist will educate potential recruits about Wipro through his characters.
Want to install a GPS device in your car or mobile phone? We check out some systems and give tips on what to look out for.
Nasscom estimates that the KPO industry is poised for a 45 per cent per annum growth till 2010. The current hotspots in KPO are engineering and design, basic data search, integration and management and biotech & pharma.
Online Advertising has come of age as companies realise its potential. The online advertising market is expected to see phenomenal growth in the near future.
Industry representatives recommended that the basic annual exemption limit for individuals should be raised to Rs 1,50,000 from Rs 1,10,000 and the peak income tax rate be cut to 25 per cent, from 30 per cent at present.
Osim revealed its plans of opening 10 showrooms in Tier-1 and Tier-2 cities in India. They have a positive approach to operations in India.
The Consumer Electronics Show in Las Vegas and MacWorld in San Francisco, both this January, promise to mark an exciting beginning for all those who can't get enough of gadgets.
Financial frauds in the cyber space may rise in 2008, warn online security vendors.
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