India's GDP grows by 7.3 percent in 2014-15

The gross domestic product (GDP) -- which is a measure of the total value of goods and services produced in the country -- broke the sub-five percent growth barrier after the last two consecutive years

 

The Indian economy grew by 7.3 percent during 2014-15 from the 4.7 percent increase in the previous fiscal, government data showed on Friday.
 
The gross domestic product (GDP) -- which is a measure of the total value of goods and services produced in the country -- broke the sub-five percent growth barrier after the last two consecutive years. 
 
According to the ministry of statistics and programme implementation, the GDP at constant (2011-12) prices in the financial year 2014-15 is now estimated at Rs.106.44 lakh crore -- showing a growth rate of 7.3 percent over the 2013-14 figure of Rs.99.21 lakh crore.
 
In 2012-13, the GDP climbed by 4.5 percent.
 
The data also showed that the economy expanded by 7.5 percent in the fourth quarter of 2014-14, from 6.6 percent rise in the September-December quarter.
 
The GDP had increased by 8.4 percent and 6.7 percent in the second and first quarters of 2014-15, respectively.

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Vodafone sells its 4 percent Bharti Airtel stake for $200 mn

The telecom major confirmed the sale of its share in Bharti Infotel, representing an approximate 4.2 percent interest in Bharti Airtel

 

British telecom major Vodafone has sold its 4.2 percent stake in Bharti Airtel to Bharti Enterprises (Holding) for $200 million.
 
Vodafone said in a statement here that its decision to offload its stake in the largest telecom operator in India, in terms of subscribers base, follows the new unified licence (UL) regime that prohibits holdings by any group in more than one licensee company in the same service area.
 
The telecom major confirmed the sale of its share in Bharti Infotel, representing an approximate 4.2 percent interest in Bharti Airtel, through a "wholly-owned subsidiary" to Bharti Enterprises Holding for $200 million.
 

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Google introduces photo service

Google Photos -- a standalone product that gives users a home for all their photos and videos -- is aimed at helping users to organise, share and save what they think is important

 

Tech giant Google on Friday introduced Google Photos that will allow users to backup and store unlimited high-quality photos and videos for free.
 
Google Photos -- a standalone product that gives users a home for all their photos and videos -- is aimed at helping users to organise, share and save what they think is important, the Mountain View-headquartered company revealed in a blog post. 
 
Google will maintain the original resolution up to 16MP for photos, and 1080p high-definition for videos, and store compressed versions of the photos and videos in print-quality resolution.
 
Commenting on the launch, Anil Sabharwal, head of Google Photos said: "Photos and videos become littered across mobile devices, old computers, hard drives and online services (which are constantly running out of space). 
 
"It's almost impossible to find that one photo right at the moment you need it, and sharing a bunch of photos at once is frustrating, often requiring special apps and logins."
 
"With this launch we've made a lot of progress towards eliminating many of the frustrations involved in storing, editing and sharing users' memories," he added.

 

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