Corporate India stands to save about Rs 500 crore following a government directive that allows them to send paperless annual reports and other shareholder documents in electronic format through emails. Cashing upon the opportunity, which has been created by a `green` initiative of the government to cut down on paper use in corporate communications to investors, the companies have
Driven by strong demand, BPO major Genpact today posted a 28.2 per cent jump in net income at USD 36.1 million for the quarter ended March 31, 2011 and has forecast strong full-year revenue. The net income attributable to Genpact shareholders stood at USD 28.2 million in the first quarter of 2010, Genpact said in a statement. "Genpact delivered a very good qua
Talking on mobile phones frequently and for a long duration by a woman is one of the causes of discord between newly married, opines Punjab State Commission for Women. A recent advisory issued by the Commission, a statutory body constituted to safeguard the interests of women, it said around 90 per cent of newly-married wanted a divorce as the family of the groom starts suspectin
Thousands of Bharti airtel subscribers in the city faced disruption in services in several areas, especially Central and East Delhi, today. Airtel subscribers across the city were not able to make or receive calls on their handsets due to network failure in the evening. No official comments were available from the company and hence the reason for the network failur
Telecom minister Kapil Sibal on Thursday held discussions with industry representatives on promoting IT and electronics hardware manufacturing and favoured that the Finance Ministry should provide fiscal incentives for the purpose, sources said. They said Sibal was of the view that fiscal incentives must be provided by the Finance Ministry to telecom service providers for using l
Technology giant IBM said on Thursday that banking, infrastructure and public sector will be the prime focus areas for its India operations apart from telecom, which has been a key focus sector. The largest technology services firm already has a strong presence in India`s telecommunications sector with customers, including Bharti Airtel and Idea Cellular. "We
Expressing concern at developments like the 2G scam, leading telecom operator Bharti Airtel on Thursday said it hoped that the New Telecom Policy-2011 (NTP-11) would be fair to all players and provide a level playing field. "It is indeed regrettable and sad for all of us that a sector which has been the poster boy of the Indian reforms is under so much of cloud with some ver
Union Telecom minister Kapil Sibal today said that all industry issues related to the new National Telecom Policy will be sorted out by the month of August. "By August, we will have all issues decided for policy. We are holding a number of round table discussion with industry for this," Sibal said while speaking at telecom event, APRICOT 2012, organised by industry body
The National Payments Corporation on Wednesday said it has received the RBI`s permission to route merchant payments and transactions initiated through ATMs and Internet via its interbank mobile payment service (IMPS), the user base of which has crossed the 10-million mark. With this, utility bills, shopping bills, fees, and even donations can be made through this channel, Nationa
Osama bin Laden may be dead, but his terror looms large on the internet with cybercriminals using this as a bait to lure innocent people and make money. Following the news of Laden`s death, cyber criminals were quick to set up phishing sites to lure people who were searching for and sharing information about the Al Qaeda leader. According to the security software f
Mobile value-added services firm Comviva today said it has appointed Srinivas Nidugondi as Vice President (Mobile Financial Solutions). Srinivas brings extensive experience in mobile banking, having until recently served as Head of Internet Mobile Platform, New Product Development and Mobile Payments initiatives at ICICI Bank, Comviva said in a statement. As the he
Airtel digital TV, the DTH service of Bharti Airtel, on Wednesday announced the launch of its 3D-ready High Definition Video Recorder (HD Recorder) set top box for Rs 4,490. The new Airtel digital TV HD recorders will enable customers to view HD and Standard Definition (SD) channels, pause, rewind and record up to 550 hours of content, Airtel digital TV said in a statement.
Essar group-promoted The Mobile Store (TMS), on Wednesday announced the appointment of Himanshu Chakrawarti as the Chief Executive Officer of the retail chain. "Himanshu will provide vital strategic lead to take TMS to the next level of accelerated growth, which now includes consumer durables and information technology retail also," Essar Retail CEO Alok Gupta said in a
The government has authorised the National Securities Depository Ltd (NSDL) and Central Securities Depository Ltd (CDSL) to facilitate electronic voting by shareholders of companies. Keeping with its `Green Initiative for Corporate Governance` campaign, the Ministry of Corporate Affairs (MCA) has appointed the two agencies for "capturing accurate electronic voting processes&
India`s semiconductor market grew by 28.3 per cent in 2010, according to India Semiconductor Association (ISA), the trade body representing Indian Electronic System Design and Manufacturing (ESDM) industry. According to ISA- Frost & Sullivan India Semiconductor Market update 2010-2012, released today, the total semiconductor market (TM) in India is estimated at USD 6.55 billi
Public sector lender Indian Overseas Bank will launch its proposed IT subsidiary before the end of September. "We have already moved Reserve Bank for launching an IT subsidiary, and it has asked us to make a proper business proposal. Within the next fortnight, we will finalise a consultant for this," Indian Overseas General Manager for IT MS Raghavan told PTI here today
Information infrastructure solutions provider EMC Corporation today announced the launch of 40 new storage products and solutions in India. They included 15 new simplified unified storage solutions -- EMC VNX family -- for the small and medium businesses (SMB) segment, EMC India and SAARC President Manoj Chugh told reporters here. The multiple new storage systems a
With a quest to bring in a personal approach to personal computing, computer hardware vendor, Acer India, today launched five tablets under the Iconia brand, priced between Rs 27,990--Rs 70,000. The world`s second largest PC vendor launched five tablets -- Iconia Tab A500, Iconia dual screen notebook, Iconia A100, Iconia smart A300 and Iconia W500. The company brings in the full
Relaxing the norms for making payments using mobile phones, known as m-wallet, the Reserve Bank on Wednesday decided to increase the limit of money-loading to Rs 50,000 from the existing limit of Rs 5,000. "The maximum value of such prepaid semi-closed m-wallet shall not exceed Rs 50,000," a RBI notification said. Leading mobile operators Bharti Airtel an
With its Indian partner coming under the scanner in the 2G spectrum scam, Norway`s telecom firm Telenor, a majority partner in Unitech Wireless, on Wednesday sought an early clarity on the controversy. Telenor owns 67.25 per cent stake in Unitech Wireless and has invested Rs 6,135.63 crore in it. The telecom joint venture offers mobile services under the brand name Uninor.
