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We have had reports coming in from various places in India about users complaining that they are unable to connect to Google’s GMail service. Even we are facing the issue since noon and initially thought, that it could be an Airtel’s Broadband issue, but it turns out that GMail is facing connectivity problems. Few users … Read more GMail users in India facing Connectivity Problems
Apex body for telecom and broadcasting, TRAI has mandated all the cable operators to issue bills and receipts for the services they provide, put in place a complaint handling mechanism and maintain a slew of technical standards including a six-hour power backup. TRAI said that these regulations would help improve and maintain quality of cable … Read more TRAI mandates issuing bills to CABLE TV customers
Standard & Poor’s Ratings Services just minutes ago revised the outlook on the long-term sovereign credit rating on the Republic of India to negative from stable. This is a Real bad News at the time of crisis. Well, S&P has cited concerns over rising fiscal deficit due to reckless spending by the UPA Government. Takahira … Read more India’s Outlook Revised To Negative – S&P
Indian Overseas Bank has announced its foray into the merchant acquisition business in association with the Australia based Banktech. Under this, IOB will give card swipe devices to merchant establishments so that its machines would be used to swipe credit and debit cards of the customers. When a shopper’s credit card is swiped on an … Read more Indian Overseas Bank begins Merchant Banking Business
Vijaya Bank is planning to open 35 new branches across the country by the end of March 2009. The bank’s aim is to cross the 1,100-mark of total branch network by the end of the current fiscal. The bank currently has 1,065 branches across the country. Of the proposed 35 new branches, 19 would be … Read more Vijaya Bank to open 35 new branches by March end
ABB reported a 37% YoY decline in order inflows in 4Q, with order intake being the lowest in the past three years. While order inflows could return with a lag, medium-term earnings growth will be impacted by the slip. Earnings growth in 4Q slowed to just 5% (11% for CY08), led by slower revenue growth, … Read more ABB sharp decline in order inflows to impact medium-term earnings growth