Mumbai: Concerned over the lukewarm response to inflation-indexed bonds, the Reserve Bank plans to revise their features to attract more retail investors.”We had launched inflation-indexed bonds that were not successful. We are coming out with a revised version,” RBI Deputy Governor H R Khan told reporters on the sidelines of a BFSI conference organised by SBI Caps Securities here on Thursday. The bonds, introduced in June last year by the central bank, were aimed at giving returns that exceed the rate of inflation to ensure that rising prices don't eat into the value of investor savings.
Mozilla to bring Rs1,500 Firefox smartphones
New Delhi: Mozilla, the developer of the Firefox web browser, has tied up with handset makers Intex and Spice to bring smartphones priced at $25 (Rs 1,500) to India in the next few months, a move that may redefine the “ultra-affordable” mobile phone market in the country. Mozilla showcased a smartphone prototype costing as little as USD 25 at the Mobile World Congress in Barcelona in February, targeting developing countries including India and China. The Firefox operating system devices will compete with phones using Google's Android and Microsoft's Windows platforms.
AirAsia India launches operations
Bangalore: Breaking into Indian domestic aviation space, AirAsia India on Thursday launched its operation with a flight from here to Goa in a foray that is expected to intensify the fare war among the no-frill airlines in the loss-hit sector. AirAsia India, the Indian arm of Asia's biggest budget carrier Malaysia-based AirAsia Bhd, became the fourth low-cost carrier in the country after IndiGo, SpiceJet and GoAir, as its maiden afternoon flight took off from the Kempegowda International Airport on the outskirts of the city.