Company Updates

Google to follow Twitter on country-specific censorship

Google to follow Twitter on country-specific censorshipInternet giant, Google has said that it might go on the same route as Twitter and might start country-specific censorship of the content on its services.

This has attracted a lot of criticism of the company from around the world as Google is generally seen as a company supporting free speech and free slow of information. Critics say that the move shows that internet firms are bowing to the demands of authoritarian regimes from around the world.

Relaince invites bid for selling gas for five years

Relaince invites bid for selling gas for five yearsIndia's Reliance Industries has invited bids for bids for selling gap that will be produced from its blocks at Shahdol and Annupur in the central Indian state of Madya Oradesh.

The company said that it is aimin go to produce up to 3.5 million standard cubic metres a day (mscmd) of gas by the second half of 2014 from two coal-bed-methane (CBM) blocks from locations in the state.

Microsoft releases Kinect for Windows SDK and runtime

Microsoft releases Kinect for Windows SDK and runtimeSoftware giant, Microsoft has launched Kinect for Windows SDK and runtime as promised by the company earlier.

The company also said the Kinect hardware will now be offered through distribution partners. The Kinect motion and voice sensor was originally designed for Microsoft's Xbox gaming console but it also attracted a lot of developer interest for new apps.

Maruti launches new compact Swift Dzire sedan

Maruti launches new compact Swift Dzire sedanIndia’s leading automaker, Maruti Suzuki India has launched a new compact version its popular Swift Dzire sedan in Delhi. The company said that the model would have an introductory price between Rs. 4.79 lakh and Rs. 7.09 lakh.

Shinzo Nakanishi, the company's MD and CEO revealed the new shiny model and said that the prices are introductory and are likely to be increased later.

Zuckerberg launches biggest Internet IPO in Silicon Valley ever

Zuckerberg launches biggest Internet IPO in Silicon Valley everMark Zuckerberg, the Chief Executive Officer and co-founder of the world’s largest social networking site, Facebook has announced that the company is preparing for an Initial Public Offering (IPO).

Amazon to launch Junglee.com in Indian market

Amazon to launch Junglee.com in Indian marketUS retail giant, Amazon. com is entering the Indian market with the launch of its Junglee. com for customers in the country where the online market is growing at a rapid pace.

Junglee will allow customers to find products that are offered by online as well as offline retailers in the country as well as from Amazon. com. The Junglee. com service is currently in its bet stage.

Windows 8 might move to beta stage in late February

Windows 8 might move to beta stage in late FebruaryMicrosoft's upcoming Windows 8 operating system is expected to move to its beta stage later in February and the company is likely to release the new product this fall.

Concast plans to set up Rs. 8 bn cement plant in Arunachal

Concast plans to set up Rs. 8 bn cement plant in ArunachalKolkata, Feb 2 - Concast Group Wednesday said it is planning to set up a 1.2 million tonnes per annum (mtpa) cement plant at Arunachal Pradesh, pumping in an estimated investment of Rs 8 billion.

The company, which has recently acquired majority stake at a 0.5 mtpa cement plant at Jamshedpur (Jharkhand), is also looking to invest Rs. 3 billion to expand the capacity of the plant to 1.2 mtpa by the end of 2012.

BOXX Corporation's releases new electric bike

BOXX Corporation's releases new electric bikeBOXX Corporation has showcased its new electric bike, the stylish BOXX transport that is ready to go into production soon.

The BOXX electric bike is just 36-inch long and weighs 120 pounds. The bike is built with aluminum for keeping its weight low and has a top speed of 35 miles per hour and can carry up to 300 pounds. The speed is impressive mainly considering the Boxx's diminutive size.

BHEL records negative order inflow in third quarter

BHEL records negative order inflow in third quarterHeavy equipment maker, Bharat Heavy Electricals Ltd (BHEL) has recorded a negative order inflow in the third quarter till December 2011 for the first time in many years.

The company saw order cancellations of Rs. 5,800 crore in the third quarter till December 2011 and this resulted in an order inflow of Rs. 3,500 crore in the quarter. The company said that net sales for the October-December period rose 19 per cent to Rs. 10,550 crore from Rs 8850 crore recorded in the same quarter of the 2010.

China opens largest electric car-charging station

China opens largest electric car-charging stationBeijing, Jan 30 : China's largest electric vehicle (EV) charging and battery swapping station has been put into operation in Beijing, Xinhua reported quoting sources in the city's power supply authorities.

Located in the eastern Beijing's Chaoyang district, the Gaoantun charging station can charge up to eight vehicles simultaneously and it takes only four to six minutes to swap a battery of an EV.

Court issues fresh summons to Essar, Loop executives

Court issues fresh summons to Essar, Loop executivesThe special court, which hearing the 2G spectrum scam case, has issued fresh summons to senior executives of Essar Group as well as Loop Telecom to appear in the court after they failed to appear claiming they did not receive any summons.

Essar Promoter Director Anshuman Ruia, Essar Vice Chairman Ravi Ruia, Essar Group Director of Strategy & Planning, Vikas Saraf, Loop Telecom's Kiran Khaitan and IP Khaitan are the five executives who failed to show up at the court on Friday.

Nissan to build new $2 bn plant in Mexico

Nissan to build new $2 bn plant in MexicoMexico City, Jan 27 : Nissan Motor Co. announced plans to invest $2 billion in building a third manufacturing facility in Mexico.The new plant in the central state of Aguascalientes will generate 3,000 jobs and spur the creation of around 9,000 other positions, Nissan's vice chairman of operations in the Americas, Bill Krueger, said.

Apple might be preparing for production of iPhone 5

Apple might be preparing for production of iPhone 5Much attention has revolves the upcoming iPad 3 with rumors that that tablet is already under production in China and might be launched soon. However, there are few blogs and portals talking about the next version of Apple’s popular smartphone, the iPhone 5.

Strides Arcolab sells stake in subsidiary

Strides Arcolab sells stake in subsidiaryStrides Arcolab has said that it has sold its 94 per cent stake in Ascent Pharmahealth, a company subsidiary to U. S.-based Watson Pharmaceuticals.

Ascent Pharmahealth is one of the leading five generic pharmaceutical companies in Australia and also has a presence across Southeast Asia.

Watson Pharmaceuticals also acquired the remaining 6 per cent stake from Dennis Bastas, CEO of Ascent. The deal values Ascent at $392.5 million. Watson is aiming at restructuring and giving a new focus to Ascent.

Windows 8 to come with support for mobile broadband devices, Microsoft

Windows 8 to come with support for mobile broadband devices, MicrosoftSoftware giant, Microsoft has announced details of the yet to be released Windows 8 operating system in a blog post claiming it will come with built-in support for mobile broadband devices and will allow users to better manage their Wi-Fi and mobile broadband networks.

Billy Anders, a Microsoft group program manager wrote in a post that, "We looked at the fundamentals of wireless connectivity and re-engineered Windows 8 for a mobile and wireless future, going beyond incremental improvements."

Tata Sons increase stake in Tata Steel

Tata Sons increase stake in Tata SteelThe holding company of the mammoth Tata group, Tata Sons has increased its stake in group’s steel business, Tata Steel after they converted 1.2 crore warrants into equal number of shares for Rs 712.8 crore.

Tata Steel said in a filing with the Bombay Stock Exchange (BSE) that, "Tata Sons vide their letter dated January 20, 2012 has exercised the option to convert 1.2 crore warrants into ordinary shares of the company at a price of Rs 594 per share."

United Spirits planning to raise $225 million through foreign bonds

United Spirits planning to raise $225 million through foreign bondsUnited Spirits Ltd has announced that its hareholders have approved a plan to raise about $225 million through foreign-currency convertible bonds (FCCBs).

The FCCB, which are convertible to equity shares, will include a greenshoe option of up to $50 million, United said in a filing with the stock exchange.

Vodafone court victory paves way for IPO

Vodafone court victory paves way for IPOTelecom giant, Vodafone Group’s victory in India has paved the pay for the company to start planning its initial public offering (IPO) in the country, which has become an important market for the global giant.

The company court victory in a case lasting more than four years came as the Surpreme Court dismiss the government’s demand for $2.2 billion in taxes from Vodafone for its acquisition of Hutchison Whampoa Ltd’s India operations in 2007.

Amazon launches new DynamoDB NoSQL database service

Amazon launches new DynamoDB NoSQL database serviceAmerican online giant, Amazon has launched a new managed NoSQL database service called, DynamoDB aimed at allowing users manage databases easily.

The NoSQL aims to create a database for unstructured information which is uploaded on the internet every day in huge quantities. DynamoDB includes tools offering online access to several resources and is one of many Amazon Web Services (AWS).

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