India News

Projections for cut in key rates by RBI; no change likely in repo rate, reverse repo rate, CRR

Projections for cut in key rates by RBI; no change likely in repo rate, reverse repo rate, CRRAccording to anticipations of the investment banking firm Barclays Capital, it is likely that the impending annual credit policy of the Reserve Bank of India (RBI) may result in the slashing of the key rates by up to 50 basis points. An almost similar opinion has been expressed by the HDFC Bank, which, however, said that it projects a 25-basis-points cut in RBI's policy rates.

Nokia’s latest addition to its Eseries of smartphones – the Nokia E75!

Nokia E75Nokia's Eseries of smartphones has a new addition for India - the SIM-free, first side slider phone called the Nokia E75!

Offering full desktop email functionality, along with complete integration of email and messaging services, the E75 also supports as many as sixteen third party email solutions including Gmail, Yahoo, Hotmail, Sify, Rediffmail, In. com, and Indiatimes. It can alert users for up to two email accounts.

Airtel negotiating a deal about outsourcing ‘last-mile’ broadband connectivity

broadbandThe Bharti Telemedia subsidiary of the telecom giant Bharti Airtel is reportedly negotiating a deal with two infrastructure service providers Cisco and Alcatel-Lucent, related to outsourcing the 'last-mile' connectivity of its broadband operations.

The 'last-mile' concept essentially constitutes the last lap of delivering connectivity from an operator's end to the customer's place. In the case of broadband services, 'last-mile' connectivity can be either through wired lines or over the wireless. By outsourcing its 'last-mile' operations, Bharti will be able to not only reduce its operational costs, but also concentrate on its core competencies.

LG launches two new music phones - GM200 and KM335 - in India

LG launches two new music phones - GM200 and KM335 - in IndiaLG has expanded its range of music-centric phones in India by launching its two new music phone models - LG GM200 and LG KM335 – which appear to be a pretty alluring amalgamation of music with design, style, and exclusive features. Both the new models are already available at all the retail outlets in the country.

IMD predicts “near normal” monsoon, with annual monsoon 96% of LPA

India Meteorological DepartmentAccording to the monsoon-related forecast by the India Meteorological Department (IMD), India can look forward to a "near normal" monsoon this year; with the annual monsoon likely to be 96 percent of the LPA - Long Period Average.

With a 5 per cent model error kept by the weather scientists, the 96 percent outcome still is the weakest in the last six-year period - ever since a rather dry 2004 spell, the following years have had the monsoon surpass 98 percent of the average.

Advani raises poll pitch, targets Congress

Advani raises poll pitch, targets CongressNew Delhi, Apr. 17: The Bharatiya Janata Party''s (BJP) Prime Ministerial candidate L K Advani today demanded that the UPA Government should make efforts to bring back the black money deposited by Indians in foreign banks and also raise the issue at an upcoming G-20 meet.

Advani, who was unveiling a report of a four-member task force of the party formed to look into the issue of Indian black money in foreign banks, said it was more dangerous than the black money circulated inside the country.

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