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NASSCOM prepares five point agenda for IT companies in India
Posted on 14th May 2014
NASSCOM has prepared a five point agenda for the new Indian government to help its IT companies contribute in the development agenda within the country and to enable them in increasing their global foot print.

"We are suggesting (to new Indian government) to launch a technology entrepreneurship mission immediately, in which there are several different components which together will accomplish this purpose," R Chandrashekhar, National Association of Software and Services Companies (NASSCOM) president, said yesterday.

PSU banks in focus on RBI panel recommendation
Posted on 14th May 2014
The shares of public sector undertakings (PSU) banks are trading higher by up to 3% in an otherwise subdued market after a committee appointed by the Reserve Bank of India (RBI) made some radical suggestions regarding the government’s control over nationalised banks.

Bank of India, Punjab National Bank, Canara Bank, Union Bank of India, Andhra Bank and Allahabad Bank are up 2-3% each, while State Bank of India, Bank of Baroda, IDBI, Indian Overseas Bank and Oriental Bank of Commerce are up 1% each on the National Stock Exchange (NSE).

Srinivas, Pratt are highest-paid executives at Infosys in FY13-14
Posted on 13th May 2014
Bangalore: Infosys Ltd president B.G. Srinivas and Stephen Pratt, former head of utilities and resources for North America who resigned from the company last November, have emerged as the highest-paid executives at India’s second-largest software services exporter in fiscal 2013-14, according to a regulatory filing by the company on Monday.

13-year-old loses arm after school bus carrying 40 turns turtle in Greater Noida
Posted on 13th May 2014
Two teachers and two students of Vishwa Bharti Public School (Greater Noida) — including a 13-year-old boy who lost his arm — were seriously injured after their school bus toppled over in Greater Noida on Monday. Police said a case of rash driving has been lodged against the driver, who is absconding.

This is the third incident reported this year where children have been put at risk while travelling on a school bus in Noida and Greater Noida.

EC gives nod, govt set to name Lt Gen Suhag as next Army Chief
Posted on 13th May 2014
Going by the time-tested principle of seniority, the government is set to appoint Lt Gen Dalbir Singh Suhag as the next Army Chief, with his name being forwarded by the defence ministry to the Appointments Committee of Cabinet (ACC) on Monday afternoon, hours after it got formal clearance from the Election Commission (EC) to go ahead with the process.

Hindustan Motors rejigs top brass
Posted on 13th May 2014
Beleaguered automobile company Hindustan Motors (HM) has recast its management and said that it would hire, as part of its restructuring efforts, an external consultant to get a perspective of the challenges and possible solutions for the Uttarpara plant.

The company has already accepted the resignation of three of its key executives — Managing Director Uttam Bose, director Kranti Sinha and Chief Financial Officer Yogesh Goenka.

BJP welcomes Barack Obama's statement on working closely with new government
Posted on 13th May 2014
NEW DELHI: BJP today welcomed the statement of US President Barack Obama that he was looking forward to work closely with the new government in India, saying all countries will cooperate with the new government in New Delhi.

"What Obama says shows in which direction the wind is blowing. All the democracies and all the countries in the world will definitely cooperate with the new government," party spokesperson Prakash Javadekar said here.

Lava to launch Android KitKat based smartphone for under Rs 8,000
Posted on 13th May 2014
Home-grown firm Lava will launch its new handset, powered by the latest Android KitKat, for under Rs 8,000 this week, adding more fire to the fiercely competitive affordable smartphone market in India.

The 'Iris X1' is powered by Android 4.4 KitKat operating system and has a 4.5 inch IPS display, Lava said in a statement.

Why the Nokia Lumia 630 price seems a good ploy to thwart Moto E
Posted on 13th May 2014
Nokia, or to be politically correct Microsoft Mobile Oy, launched the Lumia 630 in India on Monday. The phone finally came with a price tag of Rs 10,500 for the single SIM version, and Rs 11,500 for the dual-SIM model. Both very competitive prices for the Indian market, considering this is a 4.5-inch smartphone with a 5-MP camera and the promise of Nokia durability. Everyone was expecting the price to be at least Rs 2,000 more.

New govt has its hands full: IIP shrinks, April retail inflation at 3-month high
Posted on 13th May 2014
Industrial production contracted for the second straight month in March, driving down factory output growth to the lowest in at least three decades, while retail inflation hit a three-month high in April, in more trouble for the economy and probably for the new government at the Centre.

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