Indian rupee has been free falling against the US Dollar for a while and yesterday it touched a new all time low of 55.39 rupees against the American dollar. Whilst there have been recent reports about how the Indian economy is pegged to grow at 7.5% in 2012, depreciation
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Government of India recently released per capita consumption of Electricity in India and it makes for an an interesting reading. The State of Goa (2004.77 kWh) & Puducherry (1864.5 kWh) account for maximum per capita consumption of electricity. While states of Bihar (117.48 kWh), Manipur ( 207.15 kWh) &
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Looks like online car rental companies are hot right now – In last 6 months alone more than 5 startups in similar space have raised funding. Taxiforsure.com, the online taxi booking service run by Serendipity Infolabs Pvt. Ltd., is the most recent one to have done so. They have
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Faster growth in semi-urban India is driving growth in the PC Market in India as it expanded by 7.7% in Q1 2012 over Q4 2012. Even as compared to the first quarter of 2011, shipments of PCs grew 3.5%. In the period January-March 2012, 26.3 lakh PCs were shipped,
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Indian Post offices are improving – They are not only becoming high-tech, but also considerably increasing the bouquet of services they offer at their outlets. According to the statement by Mr. Sachin Pilot, Communications & IT minister, postal department has entered into agreements with 8 organizations including financial institutions
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Bharti Airtel nears purchase of Qualcomm’s Indian Mobile License The talks about Bharti buying Qualcomm’s mobile license have been going on for some time seem to be coming to close. Qualcomm has reportedly asked Bharti Airtel to pay Rs. 5000 crore for its Indian unit. The talks are expected
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A study by IT research and advisory firm Gartner pointed out that global sales of mobile phones decreased 2% in Q1 2012 for the first time after a similar trend back in the Q2 2009. Leading mobile manufacturer Samsung topped mobile phone sales worldwide in the same period with
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Here are the Funding, PE and M&A deals happened in India for the week starting May 7th 2012. Funding, Private Equity and M&A Deals of the week [May 7th to May 13th 2012] Funded Company / Acquired Company Deal Type Who Funded / Who Acquired Funding Amount Remarks ProKlean
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Bharti Airtel has partnered with Axis Bank to use combined forces of telecom and banking to offer financial inclusion (FI) to thousands of Indians who still don’t have any access to banking. Called Airtel Money Super Account powered by Axis Bank, the mobile platform will be powered by Airtel
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As the markets slide to 4 month lows and poor Q4 results project a grim outlook for the Indian economy in 2012. However United Nations, Economic and Social Survey of Asia and the Pacific (ESCAP) report outlines defining factors that project growth and stability of Indian economy and surrounding
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