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| BUSINESS - INDIA BUSINESS |
| India Allows Telecom Imports after Eight-Month Ban | | By ASSOCIATED PRESS | | | indiawest.com | September 02, 2010 02:11:00 PM |
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MUMBAI – India has relaxed an eight-month ban on imports of telecom equipment, approving orders from China’s ZTE and Huawei and Finland’s Nokia Siemens Networks, executives said Aug. 25, as security fears fade before a high-priority roll out of third-generation wireless infrastructure.
ZTE agreed to tough new security regulations, including handing over proprietary information – called source code - used to run networks, regular inspections and large penalties for security breaches, two execu | | | | | Read More . | | |
| Orkut Beefs Up Features as Facebook Hits No.1 in India | | By - | | | indiawest.com | September 02, 2010 02:10:00 PM |
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NEW DELHI — Online search giant Google introduced new features Aug. 25 to its social networking site Orkut, providing users more control over data sharing even as it lost the No. 1 ranking in India to global competitor Facebook.
Orkut will now allow users to define and customize group settings. This means that users can choose if they want certain content to be viewed only by a specific group of people.
"Orkut is continuing down the path of innovation with a complete transformation in prod | | | | | Read More. | | |
| Panini Introduces Predictive Indic Keypad for Mobile | | By - | | | indiawest.com | August 26, 2010 02:20:00 PM |
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Noida-based Luna Ergonomics has developed the “Panini Keypad,” a Java-based mobile application that supports eight international and 11 Indian languages.
What is unique is that the company’s patented “Clevertexting” technology analyzes word databases to predict statistically what users are most likely to type next.
Luna Ergonomics CEO Abhijit Bhattacharjee told MediaNama recently that the company doesn’t need to have linguists. “We only need to get a corpus of the language and mine it: so | | | | | Read More. | | |
| Ranbaxy Chief to Step Down, Quarterly Profit Falls | | By ERIKA KINETZ | | | indiawest.com | August 19, 2010 05:20:00 PM |
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MUMBAI — Ranbaxy Laboratories suffered a 52 percent fall in quarterly profit Aug. 12, as currency volatility offset bumper sales of generic drugs. The company also said its chief executive will step down Aug. 19, after just over a year on the job.
Rambaxy gave no explanation for the surprise departure of Atul Sobti, who is also managing director. Arun Sawhney, now president of the firm’s global pharmaceuticals business, will take his place as managing director.
Ranbaxy reported an April-to | | | | | Read More. | | |
| Universal, Reliance Unveil Mobile Music Deal | | By ASSOCIATED PRESS | | | indiawest.com | August 12, 2010 01:54:00 PM |
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MUMBAI — Universal Music Group and India’s Reliance Communications Aug. 4 announced a mobile phone music distribution deal, part of Universal’s drive to ramp up digital revenues as physical sales wane.
Reliance will offer music downloads, ringtones, caller tunes and streaming radio of Universal's content for monthly subscription rates of Rs. 25 ($0.54) to Rs. 99 ($2.14).
The deal gives Universal access to Reliance’s 110 million mobile customers in the world’s fastest growing mobile phone m | | | | | Read More. | | |
| ICICI Bank Profit Up 17% On Better Loans | | By - | | | indiawest.com | August 05, 2010 02:07:00 PM |
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MUMBAI (AP) — ICICI Bank, India’s largest private sector bank, said July 31 that quarterly profit rose 17 percent, as it cut costs and eliminated bad loans amid revived credit demand.
Net profit in the quarter ended June 30 was Rs. 10.3 billion ($221 million), roughly in line with expectations, up from Rs. 8.78 billion ($189 million) in the year ago period, the company said.
Total income slipped 18.8 percent from the year-ago quarter, to Rs. 74.9 billion.
ICICI has been slow to benefit | | | | | Read More. | | |
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