As KYC norms tighten, India’s mobile population shrinks by 30 mln

India’s mobile subscriber base, which has grown consistently for the last two decades, has fallen by 30 million in just four months, primarily due to pressure on the operators to ensure full documentation of their subscribers and deactivate zombie accounts. Starting from June, India’s mobile operators, including Tata DoCoMo, Reliance Communications, Bharti Airtel, Idea Cellular, […]

ABS market hots up in India – Survey

During the financial year (FY) 2012, while the asset-backed securitization (ABS) issues have increased by 58% to 178 transaction from 113 (FY11), while the residential mortgage-backed securitization (RMBS) registered marginal increase to 22 transaction from 14 (FY11) only, according to a joint study by ICRA and ASSOCHAM. ABS is an investment option. An ABS gets […]

Philadelphians most generous tippers, Houstonians eat out the most: Google survey

People of Philadelphia turned out to be the most generous tippers, while those in Houston tend to eat out the most, acccording to the results of this year’s Google “America‚Äôs Top Restaurants Survey.” The survey, covering 1,822 restaurants in 46 U.S. cities and regions, also found the top-rated restaurants across the country. “Winners include perennial […]

Enterprise IT spending to grow 2.5% next year – Gartner

Worldwide enterprise IT spending is forecast to total $2.679 trillion in 2013, a 2.5 percent increase of projected 2012 spending, according to Gartner, Inc. Banking, communications, media and services (CMS) and manufacturing are expected to offer the largest volume of growth opportunities through 2016. However, given the overall economic uncertainty, the projection may have to […]