Central Bank of India has launched a slew of cards in both debit and credit categories on the MasterCard platform apart from other innovative banking solutions. The city-based state-run lender had introduced credit cards to the country way back in 1980. It launched three debit cards (international shopping, platinum and a NexGen card for the 10-17 year-olds), two credit cards (w
The seven-decade old Madras Stock Exchange has planned to relaunch its operations in January through online trading platform after a gap of over seven years, a top official said on Wednesday. Considered one of the oldest bourses in the country, the MSE closed trading in 2004-05. "We plan to launch online trading platform in January 2013, coinciding with Pongal (harve
The telecom tribunal TDSAT on Wednesday set aside Rs 50 crore penalty imposed by the DoT on Bharti Airtel for allegedly camouflaging calling-line identification (CLI) in MP circle, saying it should have allowed the private operator to present its side of the case. However, the TDSAT bench headed by its Chairman Justice S B Sinha also said the conduct of Airtel in this entire episode was
An average global company will spend USD 13-22 million this year for marketing through mobile devices, a study by Tata Consultancy Services said on Wednesday. "During 2012, the average-size company (USD 11.2 billion in annual revenue) will spend between USD 13 million and USD 22 million to market, sell and service digital mobile consumers through their mobile devices," TCS sai
IT major Infosys has bagged the contract for implementing the second phase of MCA21 by the corporate affairs ministry. MCA21 is designed to fully automate all processes related to enforcement and compliance of the legal requirements under the Companies Act. With the implementation of the second phase of the e-governance initiative, which will run from January 2013 till July 2021, the co
The APAC (APAC; excluding Japan) business process outsourcing (BPO) market may reach $9.5 billion in 2016. This forcast has come out in a report by Gartner, titled “Market Trends: How to Profit From BPO Services in APAC, 2012”. According to TJ Singh, research director at Gartner, the APAc BPO market us still relatively underdeveloped and underexploited (with the exception of
The Meghalaya government on Tuesday directed all cyber cafes to install CCTV cameras in their shops, besides taking clients IDs and details to tackle cyber crimes emanating from the cafes, officials said. In an official notification of the Meghalaya Cyber Cafe Rules 2012, all cyber cafes are directed to install cameras, besides taking all details of their clients, including ID cards, of
In a bid to make Sonepur Mela popular in the online domain, the Bihar government has decided to introduce the famous cattle fair on social networking websites Facebook and Twitter. "Material details and socio-cultural significance of the month-long fair will be uploaded on the micro blogging sites in order to attract tourists," state Tourism Minister Sunil Kumar Pintu said on
Reliance Capital Asset Management (RCAM) on Tuesday said it has witnessed around Rs 500 crore worth corporate transactions every day on its web-based facility `Invest Easy`. "Investors are driven by convenience and this brings larger allocation of funds from corporate investors to Reliance MF. A large part of corporate financial advisors have migrated to the online platform, minimi
Consumer durables major Godrej on Tuesday joined hands with e-commerce site Indiatimes Shopping to launch online store, targeting Rs 100 crore per year from the venture in the next five years. "Although online trading contributes very little in overall revenue of the consumer durables industry, it is growing day by day. To tap the potential and to have the first mover`s advantage,
Reliance Industries is likely to bid for mobile telephone spectrum in the upcoming auction to complement its wireless broadband services with voice call facility. The oil-to-textile group headed by billionaire Mukesh Ambani is making a re-entry into the telecommunication business and is being talked as the most aggressive bidder in the November auction of telecom spectrum. Sitti
Public sector United India Insurance has become the first in the country to offer customers a facility to pay their premium through mobile phones, a top company official said on Tuesday. The Chennai-based company launched `M-Power`-- an application that can be used by the public to pay their premiums using a mobile phone. "This is very aptly called M-Power. Empowering custo
The government on monday approved the continuation of e-governance initiative MCA21, related to compliance of companies with various laws, till July 2021. An initiative of the Corporate Affairs Ministry, MCA21 is designed to fully automate all processes related to enforcement and compliance of the legal requirements under the Companies Act. The Cabinet Committee on Economic Affa
The government will decide only after November auction on how much quantity of spectrum telecom operators can retain when they surrender the airwaves at the time of licence renewal in 2014. "We will take a call once 1,800 Mhz spectrum auction is over," telecom secretary R Chandrashekhar told reporters in Delhi in response queries on spectrum refarming. The auction for
Indian IT major TCS has been awarded a special commendation at the Asian Human Capital Award 2012 here for its initiative to train professionals from the backward community and below poverty line families in rural India. TCS has got a special recognition for its initiative to the lift of one million people in the inner part of India, by reaching out to the educated among the backward co
A number of prominent auto rickshaw unions on Monday told Delhi government that auto owners will not be able to bear the cost of installation of global positioning systems in their vehicles as directed by the high court and requested it to find a way out. In a meeting with transport minister Ramakant Goswami, the unions said the auto owners will not be able to install the GPS device sel
The union minister for communications and IT Kapil Sibal on Monday described the internet as an indispensible tool for governance in a free democracy, a tool that could help deliver services to the people transparently and eliminate the go-betweens between the government and the people. The minister was addressing the curtain raising ceremony of ‘India Internet Governance Conferen
Maker of low cost Aakash tablet, Datawind, on Sunday said it has started supplying the new version of the tablet to IIT Bombay and it is likely to be launched in October. "Supplies are on to IIT Bombay. In the next few weeks, it should be launched. I do not have the exact date, but HRD Minister (Kapil Sibal) has said he wants to launch on the anniversary date which is October 5,&qu
Government will crack down on 45 companies, including telecom operators and a Chinese telecom equipment provider, which are yet to surrender their "off the air" monitoring system, an equipment used to tap phone calls, as it could have a bearing on national security. In a recent meeting, the Department of Telecom (DoT) scrutinised the list of companies which had imported betwee
Telecom tribunal TDSAT has restrained state-run BSNL from disconnecting Bharti Airtel from its network in J&K circle. Passing an interim order, tribunal said Bharti Airtel has made out a "triable issue" and "prima facie" established its case before it. BSNL had issued a notice for disconnecting to Airtel from its network on July 7 this year over a cable d
