Beijing: China will soon surpass Japan to become the biggest consumer of IT products and services in the Asia-Pacific region, according to the International Data Corporation (IDC). China's expenditure on IT is gradually approaching that of Japan, and will hit $173 billion in 2013, about four per cent higher than Japan, the China Daily reported. In the IDC report published May 17, the group attributes China's growth in IT consumption...
10:15 AM, May 20, 2012
A parliamentary panel says some doctors are colluding with big pharmaceutical companies to sell unsafe drugs to the Indian consumers. ...
11:58 PM, May 15, 2012
New Delhi: India's urban consumer confidence improved marginally in April, but concerns about the economy kept consumers pessimistic, a survey released on Wednesday showed. The BluFin Consumer Confidence Index rose to 41.1 in April 2012, from 39.9 in March. The index recorded its lowest score of 35.8 in December 2011. The index reflects pessimism below 50 and optimism above that, BluFin said. The report comes after the RBI last month...
05:22 PM, May 09, 2012
New Delhi: The packaged food industry in India is likely to double by 2015 to touch $30 billion from the current $15 billion owing to the rise in income, changing urban lifestyle and modern retail trade, says a study. The main categories of packaged food are bakery products, canned processed food, frozen processed food, meal replacement products and condiments. Some emerging new categories in this segment are processed dairy products,...
01:53 PM, Apr 29, 2012
New Delhi: Kingfisher Airlines has been ordered by a Delhi district consumer forum to pay Rs 12,000 to one of its passengers for booking him on a non-operational flight and telling it only when he went to the airport to catch it. The New Delhi District Consumer Grievances Redressal Forum ordered the airlines to pay the compensation to Delhi resident RP Singh, while holding it guilty of rendering deficient service...
04:19 PM, Apr 26, 2012
San Francisco: Apple Inc's new iPad topped Consumer Reports' list of tablets despite the influential watchdog stoking doubts two weeks ago by saying the latest iteration of the best-selling tablet threw off more heat when used heavily. The widely followed group that reviews everything from electronics to cars, said on Monday that it did not find the higher temperatures to be cause for concern. The nonprofit organisation also tested the...
04:58 PM, Apr 02, 2012
Bangalore: Karnataka's Food, Civil Supplies and Consumer Affairs Department has wasted Rs 54.53 crore by entrusting to a private company the computerisation project to digitise the data collected through a house-to-house survey and issue computerised ration cards to the eligible families. "The department wasted Rs 54.53 crore through its failure to enforce the agreed terms of implementation during the project's lifetime," said a CAG report, tabled in the just-concluded legislature...
07:11 PM, Apr 01, 2012
Vineet Agrawal Designation: President, Wipro Consumer Care and Lighting group The Challenge: To expand international operations and integrate the $300 million acquisition of Unza which has a strong presence in South East Asian countries like Malaysia, Vietnam, Indonesia and China How he did it: By deciding early on that he would not have the typical acquirer mindset and make as few changes in Unza as possible, letting Unza retain its...
12:08 PM, Mar 20, 2012
New Delhi: Retail inflation was at 8.83 per cent in February on account of higher prices of protein based items and edible oil products. Retail inflation, based on the Consumer Price Index, was 7.65 per cent the January, as per the government data release in New Delhi on Monday. Among other items, only vegetable prices saw a decline of 4.73 per cent over the February 2011 level. During the month,...
12:42 PM, Mar 19, 2012
New Delhi: Inflation rose to 6.95 per cent in February because of sharp increase in food prices, especially vegetables and protein-based items. Inflation, as measured by the Wholesale Price Index (WPI), was 6.55 per cent in January. In February last year, it was 9.54 per cent. As per the official data released on Wednesday, food inflation was 6.07 per cent in February against (-)0.52 per cent in January. Pulses turned...
12:34 PM, Mar 14, 2012
Washington The US government has unveiled a 'Consumer Privacy Bill of Rights' as part of a comprehensive blueprint to improve consumers' privacy protections and ensure that the Internet remains an engine for innovation and economic growth. The blueprint will guide efforts to give users more control over how their personal information is used on the Internet and to help businesses maintain consumer trust and grow in the rapidly changing digital...
12:01 PM, Feb 23, 2012
New Delhi: Inflation based on the all India Consumer Price Index stood at 7.65 per cent in January, as per the first nationwide retail inflation data released by the government on Tuesday. While 'food and beverages' reported a moderate rate of price rise of 4.11 per cent year-on-year in January, the inflation numbers for fuel and light, and clothing, bedding and footwear segments were in double-digits. Overall retail inflation in...
11:59 AM, Feb 21, 2012
New Delhi: Starting from Tuesday the government will release the nation-wide Consumer Price Index (CPI) on a monthly basis for better reflection of retail price movement and to help the Reserve Bank take effective monetary policy steps to deal with inflation. The new CPI, according to experts, will eventually replace the Wholesale Price Index (WPI) for policy actions to deal with the price situation. The monthly CPI will be in...
01:12 AM, Feb 21, 2012
Shimla: The government on Friday said that the rate of inflation for rural workers moved up in a majority of states during January, with Maharashtra witnessing the highest level of price rise and Tripura the lowest. As per the monthly Consumer Price Index (CPI) number, released for the Agricultural Labourers and Rural Labourers for January 2012, the index of inflation for rural workers recorded an increase in 14 states and...
01:26 AM, Feb 18, 2012
New Delhi: There was year-end relief for the common man as India's annual food inflation dropped to a near six-year low of 0.42 per cent for the week ended December 17 due to a sharp decline in the prices of onions, potatoes and vegetables, official data showed Thursday. This is the lowest level of food inflation since April 2006. After remaining stubbornly near double-digit for almost two years, food inflation...
02:33 AM, Dec 30, 2011
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