IIM Bangalore releases list of short listed candidates
The Indian Institute of Management (IIM), Bangalore has released the list of selected candidates for interview today. The list was released more than a week after the results of Common Admission Test 2009 was announced on
28 February.
Other IIM's like IIM Ahmedabad and IIM Shillong published the list of selected candidates on February 28 itself while IIM Calcutta (PGDM, PGDCM) and IIM Lucknow announced on 2 March.
Sony plans PlayStation Smartphone
Sony is working on a smartphone that could incorporate a Sony Reader and even Sony PlayStation, according to a media report.
The smartphone will provide access to the games from Sony's home and portable consoles as users will be able to download them directly onto the device from the network of the company.
The feature could add to the appeal of the smartphone for young buyers. Sony offers thousands of games on its network which can be accessed easily by the users.
Transcend revenues fall 20.1% in February
Transcend Information has recorded a drop of 20.1% in revenues to $73 million in the month of February 2010 mainly due to fewer working days in the month.
The company also saw drop in shipments to about 4.77 million units from 5.7 million shipped in January 2010.
Google offers API to developers
Internet major, Google has made available its Application Programming Interface (API) for developers and manufacturers to build energy monitoring devices for households.
Olive FvrOn mobile phone can run on AAA batteries
Olive FvrOn mobile phone available only in the Indian market for now comes with a feature that will solve the not so rare battery problem for the mobile users. It is dual-powered which incorporates normal rechargeable cell and also has a slot for an AAA battery.
A user can simply put in an AAA battery which is widely available if the phone's rechargeable battery runs out while the user is on the go.
Nissan to launch new car, MICRA
Auto Major Nissan has announced that it is planning to launch its new and ultra modern car, Micra in the Indian market soon in a motor show in the Swiss city of Geneva.
The car is build on the V-Platform with a curved shape along with an accented waistline and is already tested in Japan. Nissan wants to triple sales of the car and is aiming at leading markets like India, China, Mexico and Thailand for higher growth.
Google to launch low cost version of Nexus One phone
The Nexus One phone of Google is already available for sale in some countries around the world and the company is now reportedly planning to launch it's scaled down model in the Indian market and possibly in other developing markets.
The scaled down Nexus One is believed to be thinner than the other version and will also cut down on features. It will offer fewer features and hence will be priced very less as compared to the original Nexus One.
Many Indians honored at MIT’s EmTech
A technology conference hosted by Technology Review, an independent media company owned by the Massachusetts Institute of Technology, has honored 20 Indians below the age of 35 for their contribution in innovation in the fields of biotechnology, entertainment, software development, semiconductors, transportation, energy and new materials research.
Vodafone App Store registers 10k Apps download milestone
Vodafone Essar has claimed that it launched its App Stores in India back in February 2010, even as other service providers in the country are just planning to offer the service.
SBI Magnum Global Fund Reports Dividend
SBI Mutual Fund has reported a dividend of 50% (i. e. Rs. 5 per unit on the face value of Rs. 10) in SBI Magnum Global Fund. The record date for dividend is posted as March 12, 2010.
Assets of mutual funds registered a rise of 1.08 percent to 7.7 trillion rupees in February with equity funds' net monthly collections at the strongest since July, data from the Association of Mutual Funds in India depicted.
FICCI Worked as an Influencer, not a Lobby Group: Mittal
Industry body FICCI revealed that it is not a lobby group and worked only as an "influencer" to include the Government on policy issues, posing an assertion that there is no need to introduce legalized-lobbying in India like in the US.
Indian Oil to Borrow $10 billion to Buy Oil and Gas Abroad
State-run Indian Oil Corp., India's largest listed company by sales, plans to borrow $10 billion over the next decade to buy oil and gas assets overseas, in a bid to expand its petrochemical business and set up a liquefied natural gas terminal,
Also, it plans to cut exposure to selling discounted fuel to domestic consumers, its new chairman revealed.
Lyondell Outlines Reorganization Plan, Rejects Reliance Bid
Bankrupt petrochemicals firm LyondellBasell outlined a re-organizing plan that according to it was a better option compared to a $14.5 billion bid from Indian energy major Reliance Industries, court documents depicted.
Luxembourg-headquartered Lyondell posted in a disclosure statement lodged with a U. S. bankruptcy court on Monday that Reliance's offer was not sufficient to abandon the restructuring plan.
India Car Sales Hit a Record Level in February
Indian car sales are reported to climb by a third in February, touching their highest-ever monthly number, as buyers rushed to beat higher taxes in the national budget and the momentum should continue in March before new emission norms emerge and nudge up the prices.
VE Commercial Vehicles Plans to Double its Production Capacity
VE Commercial Vehicles on Monday announced to double its production capacity of its Eicher branded products to over 8,000 units a month in the next three years, in a view to cater to the soaring demand for its products.
The company, which is a 50:50 joint venture between Eicher Motors and Swedish auto giant Volvo, is at present reported to undertake a Rs. 500 crore expansion programme, that the company had earlier announced.
RBI's Base Lending Rate for Banks in Effect From July 1
The Reserve Bank of India (RBI) on Friday announced that the new base lending rate for banks, aimed to introduce more transparency to loan pricing, will be implemented from July 1.
The central bank also exempted three categories of loans from the new system. In mid-February, the RBI had reported that it would employ the base rate from April.
IL&FS Transportation Plans to Raise Rs 700 cr, IPO to Opens on March 11
India's IL&FS Transportation Networks Ltd. is revealed to be in plans to raise 7 billion rupees ($154 million) through an initial public offering of 4.28 million shares.
The company today in a statement announced that its Rs. 7 billion initial public offer (IPO) will open on March 11, and close on March 15.
Essar to Raise Up to $3 Billion in IPO
India's Essar Group has revealed its to raise nearly $2.5 billion to $3.0 billion by listing a unit on the London Stock Exchange, a person familiar with the matter claimed Monday, as the steel-to-telecommunications conglomerate look for funds in a bid to widen its power and refining businesses.
SBI initiates its First Step on Amendment to SBI Act
A bill, proposing to cut the Centre's shareholding in the State Bank of India (SBI) from 55 per cent now to 51 per cent and to permit the bank to raise more capital from the market through preference shares, was introduced in the Lok Sabha on Monday.
State Bank of India has introduced a change, advancing 2% to Rs 2,089, after the Finance Minister introduced the bill to amend State Bank of India (ABI) Act.
Self-Charging Handset Developed by Nokia
It is now possible to charge a cell phone without needing a plug-in point to connect your charger.
This had been made possible by Nokia as the experts have created a cell phone which is capable of recharging its battery as it can draw energy from the movements and the motion of the one using it.
It was known that this self-charging cell phone can function with heavier machinery supported with a powerful frame like the radio transmitter circuit and battery.