Aircel-Facebook JV for voice-based updates

New Delhi, January 14 (Agencies): Aircel subscribers can now update their status messages on popular social networking site Facebook using their voice. Facebook Voice Updates on Aircel lets people connect to their friends on Facebook in their own voice without internet access on their mobile phones, which makes it an easy access for a large […]

HDFC is India’s most popular bank for 2010

NEW Delhi, January 14 (PTI): Private sector lender HDFC Bank has emerged as the country’s most popular bank for the year 2010 in terms of online visits, while India’s largest bank State Bank of India bagged the fourth position, says a report. According to a study by Indian banking information portal — — […]

Anil Ambani barred from stock market investment

Mumbai, January 14 (Agencies): Anil Ambani and four board members of Reliance Natural Resources Limited (RNRL) have been barred by the Securities and Exchange Board of India from investing in the stock market till December 2011. The four board members who have been banned along with Group Chairman Anil Ambani are Satish Seth, Lalit Jalan, […]

India to become global hub for Volvo Buses

BANGALORE, January 14 (Agencies): Over the next few years India will emerge as a global hub for Swedish company Volvo Bus Corporation. The company has laid plans to develop four regions in the world — India, China, Poland and Mexico as regional hubs for exports and product development. India will cater to the South Asian […]

Maruti Kizashi set to be launched

NEW DELHI, january 14 (Agencies): Gearing up to intensify its play in luxury segment, car market leader Maruti Suzuki India will be launching its sedan Kizashi on the second of next month. The vehicle, to be imported fully from parent Suzuki’s facility in Japan, will be positioned between likes of Honda Accord and Toyota Camry […]

RIM says no access to enterprise mail

New Delhi, January 13 (PTI): BlackBerry on Thursday said it has provided a solution for legally intercepting messenger and internet and email services, but denied such access on BlackBerry Enterprise Server, saying the company has “no ability to provide its customers’ encryption key.” “The company has now delivered a solution that enables India’s wireless carriers […]

Developing nations driving global growth: World Bank

WASHINGTON, January 13 (Agencies): Led by India and other developing countries, the world economy is moving on from a post-crisis bounce-back phase of recovery to slower but still solid growth this year and the next, according to the World Bank. Global GDP, which expanded by 3.9 percent in 2010, is expected to slow to 3.3 […]

Ambanis seek ‘trading scam’ settlement

New Delhi, January 13 (Agencies): In what could be a coincidence, the two Ambani groups have separately approached SEBI for settlement of probes by the regulator in two separate cases of alleged violation of trading regulations. A settlement order is likely to be passed soon by Sebi in its probe related to Anil Ambani group […]

Government to ban exports of wheat products: report

New Delhi, January 13 (Reuters): The government may ban wheat product exports in a series of measures to tame spiralling food prices that have fuelled rapid inflation and increased pressure on an embattled ruling Congress party, local media said. India currently allows upto 650,000 tonnes of wheat product exports until March 31. Prime Minister Manmohan […]

Food inflation falls; vegetables still costly

NEW Delhi, January 13 (PTI): Snapping the five week rising trend, food inflation softened to 16.91% for the week ended January 1, 2011, although vegetables, onions and protein-based items continued to remained costly. Food inflation fell by 1.41 percentage points from 18.32% recorded in the previous reporting week. Even as the index of food inflation […]

India summons Sri Lankan HC on fisherman killing

New Delhi, January 13 (PTI): India on Thursday summoned Sri Lankan High Commissioner Prasad Kariyawasam to lodge a strong protest over the killing of a fisherman by Sri Lankan Navy, asserting that such incidents have no “justification” and calling on authorities there to “desist” from use of force. However, the Sri Lankan envoy denied involvement […]

PM’s panel recommends cheap food for poor

New Delhi, January 13 (Agencies): Prime Minister’s expert committee on National Food Security Bill today recommended that the assured delivery of wheat at Rs 2/kg and rice at Rs 3/kg could be given only to poor and expressed difficulty in accommodating category in view of projected food availability. In contrast, National Advisory Council (NAC), headed […]