Articles in the Economy Category
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UPDATE – I got a call from MR. Vishwas of Link Intime Mumbai and everything is resolved now. After getting the response, I found that the fault was of my Bank and not of Link Intime.
I take my words back and really liked the quick response of Link Intime. Also on the top of it , Mr Vishwas gave me his mobile number in case I face any problem. it was really nice of Him. Also Sure I’m going to meet the guy if I visit Mumbai any time in …
Economy »
China has completed surpassed India in the recent comparisons economists and businessmen make between Asia’s two rising giants. Studies showed that the Chinese government policies of implements new strategies with blinking speed is making India’s fractured political system appear sluggish and chaotic.
The sagging infrastructure of New Delhi and Mumbai stands nowhere when compared with shining airports and wide roads of Beijing.
Though India still can’t compete on top-line economic growth — the World Bank projects India’s gross domestic product (GDP) will increase 6.4% in calendar 2009, far short of …
Economy »
BSNL (Bharat Sanchar Nigam Ltd.) 3G service have now more than 7.5 Lakh subscribers in South India. BSNL has launched its 3G services few months back in its Tamil Nadu Circle and were able to acquire more than 7.5 lakh subscribers.
The numbers were revealed by BSNL officials today during launch of its 3G services in Coimbatore, Ooty, and Coonoor. Mr Sirohi , Incharge of Value Added Services in BSNL said “Approx 50 Million ring tones are downloaded every month using BSNL 2G and 3G GSM network. The Indian Premier …
Economy »
SMS GupShup which claims to be the Indian Largest Social Networking Site raises $12 Million in latest round of Funding on Wednesday. The latest round of funding was led by by Globespan Capital Partners with existing investors Charles River Ventures and Helion Venture Partners.
SMS GupShup was founded in April 2007 and has its headquarters in Cupertino, USA.
The company CEO and Co-founder Beerud Sheth said ” The revenues and user base of the company has increases substantially over the last year. Currently company serves more than 26 million users …
Economy »
Moving one step closer to its first global buyout, BSNL (Bharat Sanchar Nigam Ltd.) Government owned Telecom operator company have entered in to the second round of bidding to acquire a majority stake in Zambia’s leading telecom company Zamtel.
BSNL is one of the four bidders who are selected for the next round of bidding, which is scheduled to start next week. The winning bidder would get 75% stake in the company as confirmed by the Zambia Development Agency.
Apart from BSNL, Angola’s Unitel, Libya’s LAP Green Networks and Russia’s Altimo …
Economy »
Bangladesh’s telecom regulator has finally Approved the Bharti Airtel proposal to invest $300 million in Abu Dhabi Group’s Bangladesh telecommunications asset, Warid Telecom International Ltd which is the Fourth largest mobile company in Bangladesh.
Bangladesh Telecommunication Regulatory Commission(BTRC) Chairman Zia Ahmed said “We have approved the Bharti Airtel plan to buy 70 perecent stake of Warid. We have asked Bharti Airtel to submit the detailed plan of the investment to BTRC in 30 days.”
Mr.Zia also added “We hope that the total investment of Airtel in Bangladesh would cross $1 Billion in …
Economy »
India’s Biggest travel portal Yatra.com signed a strategic deal with Yahoo India.
According to this Strategic Deal, Yahoo India would promote Yatra.com as recommended travel website on its homepage. In addition to the dedicated link to Yatra.com from Yahoo India Homepage , Yahoo will also advertise Yatra.com on its , Finance and News sections and feature it as the Knowledge Partner on Yahoo! Answers for Travel category.
This is the biggest deal signed by Yatra.com after June, 2009 when Yatra.com signed an deal in IRCTC to offer train bookings on …
Economy »
When In India Everybody is Talking about Nano a car of One Lakh , Delhi Based Homegrown leisure bike maker Firefox is Going to Display Trek Equinox TTX 9.8 SSL , a bicycle of Rs 2.4 Lakh at AutoExpo 2010 in Delhi.
According to Firefox Bikes managing director Shiv Inder Singh “Firefox Vision is to transform the traditional image of cycling in to adventurous sports and there is no other platform better that AutoExpo 2010 to Launch Trek Equinox TTX 9.8 SSL.”
FireFox is the only distributor of US-based Trek Bikes in …
Economy »
Today , Punjab Government took a major decision of establishing a Infomational Technology Park over an area of 1276 acres at Rajpura.
The Decision was taken at High Level Meeting in Chandigarh by Chief Minister of Punjab Prakash Singh Badal. Badal also gave approval for acquisition of common land at six villages in Sehra, Pabra, Sehri, Takhtu Majra, Akri and Akar for the setting up of Informational Technology Park.
According to Report , The Park would be house of various Multi-National Companies operating in Business Process Outsourcing, Knowledge …
Economy »
2009 Was a tough year for all countries, But According to Report, China has managed to emerge as World biggest exporter in 2009 replacing Germany which was earlier on the top of this list.
Zhong Shan, vice minister of Ministry of Commerce (MOC) of China Said that ” China’s exports in 2010 will grow, and there’s no doubt about that”
China’s exports were hit hard by 18.8 % in this year due to decrease of sales in other countries but despite of that market share of china for various products has increased …
