Company Updates

TCS joins US-based IT industry body

Tata Consultancy ServicesWashington : Tata Consultancy Services, India's largest infotech company, has joined the US-based Information Technology Industry Council (ITI), a leading IT services, consulting and business solutions organisation, it was announced Monday.

ITI advocates on behalf of its 60 members for global policies that advance industry leadership in technology and innovation, open access to new and emerging markets, promoting e-commerce expansion, driving sustainability and efficiency, protecting consumer choice, and enhancing the worldwide competitiveness of its member companies.

Google set to roll new update to fight most infamous pirate websites

GoogleWashington, Oct 18 - Search engine giant Google is reportedly set to roll out a new stricter update to fight against the most notorious pirate sites next week.

Google said that they have now refined the signal in ways that they expect to visibly affect the rankings of some of the most notorious sites.

It's also extending this system to demoting auto-complete predictions that return results with many Digital Millennium Copyright Act (DMCA) demoted sites.

Samsung's new 5 times faster Wi-Fi will allow HD-movie download in 3 sec flat

samsungWashington, Oct 14 - Tech giant Samsung has created a new Wi-Fi standard that is five times faster than the current technology, and can transfer 1GB in just 3 seconds.

The currently prevailing Wi-Fi technology operates within the 2.4 and 5 GHz bands, and they are capable of reaching speeds of 108 MBps. However, the Samsung's new 60 GHz WI-Fi technology can transfer data as fast as a whopping 575 MB per second.

Samsung said that it will use the new 60GHz technology in a variety of products, including audio visual and medical devices and telecommunications equipment.

The Korean giant added that the new standard will be a big part of its push into the automated smarthome market.

Apple unveils new app offering easy one-handed typing on new iPhones

Apple unveils new app offering easy one-handed typing on new iPhonesWashington, Oct 12 - Apple has introduced a new app called One Handed Keyboard that allows iPhone 6 and 6 Plus users to type with one hand making it easier to handle the bigger screens.

Now, iOS 8 allows users to type conveniently with one hand on the new iPhones, reported CNET.

The iPhone 6 and 6 Plus' bigger screens make it difficult for people to type with one hand in many situations.

The newly introduced app displays the same size of keyboard iPhone users had grown accustomed to over the years.

Microsoft launches revamped MSN site ahead of next Windows OS release

MicrosoftWashington, Oct 01 - Microsoft has reportedly launched a completely redesigned MSN web portal right ahead of its scheduled Windows announcement.

New versions of its MSN apps will become available on Tuesday on its Windows and Windows Phone 8.1, reported Mashable.

The new website is built on Azure, Microsoft's cloud platform, which the company expects will increase its reliability and "agility for a cloud-first, mobile-first world."

Microsoft is scheduled to announce a new version of its Windows Operating System on Tuesday. (ANI)

Apple releases new tool to remove U2's songs

AppleLondon, Sep 16 - Apple has released a tool to delete U2's new album Songs of Innocence from the users' iTunes account six days after the company started giving away the music for free.

Some users complained about automatic download of songs from U2's album to their devices.

According to the BBC, Apple's new tool to delete offers a one-click removal button.

U2 band members earlier offered their new album 'Songs of Innocence,' for free to 500 million users of Apple's iTunes.

U2 had collaborated with Apple in the past, however, the terms of the deal for the iTunes release are not known. (ANI)

Google launches three 100$ smartphones based on Android One initiative in India

 smartphonesWashington, Sep 16 - Google has unveiled the much-awaited three new smartphones based on the Android One initiative at an event in New Delhi.

The three new handsets include, Spice Android One Dream UNO Mi-498, the Micromax Canvas A1 and the Karbonn Sparkle V, reported CNET. The three phones share similar features like, a 4.5-inch FWVGA display with a 854x480-pixel resolution, quad-core 1.3GHz MediaTek processor, dual-SIM capability, 1GB RAM and 4GB of onboard storage alongside a microSD card slot for expandability along with a 5- megapixel camera on and a removable 1,700mAh battery.

Windows 9 to be laucnhed on September 30

Microsoft-Windows-9Houston - Software giant Microsoft is expected to provide a technical preview of its new Windows 9 operating system at an event in San Francisco later this month.

The event, billed as a chance to "hear about what's next for Windows and the enterprise", will be held on September 30.

The company yesterday sent out invitations for the event which experts say will talk in broad strokes about features aimed at corporate users for the next version of Windows, which people are informally calling "Windows 9".

Ford India launches refreshed Figo priced up to Rs 6.09 lakh

Ford FigoNew Delhi - Ford India on Monday launched a refreshed version of its compact car Ford Figo priced up to Rs Rs 6.09 lakh (ex-showroom Delhi) ahead of the upcoming festival season.

The refreshed Ford Figo will be available at Rs 3.87 lakh to Rs 5.14 lakh for petrol variant and Rs 4.83 lakh to Rs 6.09 lakh (ex-Showroom Delhi) for the diesel option, the company said in a statement.

"With the refreshed look, we are adding even more style to the Figo, which is highly regarded as a reliable vehicle with an outstanding value-for-money proposition," Ford India Executive Director (Marketing, Sales and Service) Vinay Piparsania said.

CCI begins public scrutiny of Sun-Ranbaxy deal; seeks comments

CCI begins public scrutiny of Sun-Ranbaxy deal; seeks commentsNew Delhi - In the first-ever public scrutiny of an M&A deal in India, fair trade watchdog CCI on Thursday invited comments from all stakeholders, including general public, on finer details of USD 4-billion merger of Ranbaxy Labs into rival drugmaker Sun Pharmaceuticals.

Apple expected to develop 'biggest ever' 12.5-inch iPad next year

Apple expected to develop 'biggest ever' 12.5-inch iPad next yearWashington, Aug 27 - Apple is reportedly mulling an iPad with 12.5-inch display, which the company reportedly plans to begin manufacturing early next year.

However, it's not stated when the larger iPad will actually be released, but reports suggest development of an iPad at this size for about a year now, so it's quite possible that it's finally headed toward a launch, CNN reported.

Currently, Apple offers iPad mini and iPad Air, with 7.9 and 9.7-inch displays respectively.

Hyundai eyes new customer segments; Elite i20 launch next week

Hyundai eyes new customer segments; Elite i20 launch next weekNew Delhi - Korean car major Hyundai is looking to tap new customers in rural areas and corporate segment to increase its market share in the Indian automobile market.

The company's wholly-owned arm Hyundai Motor India Ltd (HMIL), which will make the global launch of its all new premium hatchback Elite i20 this month, also plans to introduce a new model each year in the segment where it is not present.

Google shares fall after company misses Q1 profit estimates

GoogleWashington, Apr. 17 - Google's shares dropped nearly six percent in after-hours trading after the tech company's first-quarter profit missed analysts' expectations.

Google logged weaker-than-expected first-quarter results, as the company missed forecasts on two key search advertising metrics.

According to Fox News, shares of the company behind Gmail and Android dropped six percent in after-hours trading after reporting below-consensus figures.

Google said it earned 3.45 billion dollars, or 5.04 dollars a share, last quarter, compared with a profit of 3.35 billion dollars, or 4.97 dollars a share, a year earlier.

Sun Pharma to acquire Ranbaxy for $3.2 billion

Sun-PharmaIndia's largest drug maker by market value, Sun Pharmaceutical Industries has indicated that it is planning to buy Ranbaxy Laboratories in a deal valued at $3.2 billion in stock.

The acquisition will be the biggest by any Indian company in two years. Under the terms of the deal, Ranbaxy investors will get 0.8 share in Sun for every one share in Ranbaxy, the two pharmaceutical giants said in a statement. The deal values the shares at about 457 rupees a share, or about 24 percent higher than the 60-day average.

Tesco picks up 50% stake in Tata Group’s Trent Hypermarket

TescoBritish retail giant Tesco Plc on Friday formally announced a joint venture with the Tata Group's Trent Hypermarket Ltd, moving a step closer to become the first global retailer to enter India's lucrative multi-brand retail segment.

Tesco announced that it had picked up a 50 per cent stake in Trent Hypermarket Ltd for £85 million (Rs 850 crore).

Vedanta names former Rio Tinto chief Tom Albanese as its new CEO

VedantaMining conglomerate Vedanta Resources Plc has named former Rio Tinto chief Tom Albanese as its new chief executive officer (CEO).

Tom Albanese, the former head of Anglo-Australian mining giant Rio Tinto, will replace Mahendra Singh Mehta, who is stepping down from the top position on March 31, 2014. Mr. Albanese, who is respected in the mining industry as a weathered miner with international experience, will join Vedanta on April 1, 2014.

London-listed Vedanta Resources said in a statement, "Albanese will take over as the chief executive officer of Vedanta and join the Vedanta board with effect from 1 April 2014."

GM slashes car prices by up to Rs 49,000 across models

GM slashes car prices by up to Rs 49,000 across modelsGeneral Motors India has slashed prices of its various models by up to Rs 49,000, thanks to the excise duty cuts announced by Finance Minister P Chidambaram in the interim budget for FY2014-15.

P Balendran, Vice-President of GM India, said the company reduced prices across models by Rs 12,000 to Rs 49,000.

GM India sells hatchbacks Spark, Sail, sedan Sail U-VA, premium sedan Cruze, multi-utility vehicles Tavera, Enjoy and premium sports utility vehicle Captiva.

Jubilant FoodWorks suffers nearly 11% fall in quarterly net

Jubilant FoodWorks suffers nearly 11% fall in quarterly netJubilant FoodWorks Ltd., the operator of widely popular Dominos Pizza and Dunkin' Donuts chains in India, suffered a decline of around 11 per cent in quarterly standalone net profit even as net sales jumped significantly.

The company on Tuesday announced that its standalone net profit slipped 10.9 per cent to Rs 33.59 crore in the three months ended December 31, 2013. Net profit slipped even as the company's net sales jumped from Rs 385.08 crore in the October-December quarter of 2012 to Rs 456.51 crore in the same quarter of 2013.

Tata Motors to improve small Indian cars safety after failed crash tests

Tata Motors to improve small Indian cars safety after failed crash testsMelaka (Malaysia), Feb. 4 : Tata Motors has assured to work on the safety of its cars after a range of small Indian cars, including theirs, failed a first ever independent crash tests, revealing high risk of serious injuries in road accidents.

A test conducted by GLOBAL NCAP, an independent U. K. based charity for consumer-orientated vehicle safety initiatives, showed disastrous results for some of the most popular running cars in India including Maruti Alto 800, Tata Nano, Ford Figo, Hyundai i10 and Volkswagen Polo.

Gold prices rise ahead of key US Fed meeting

GoldThe price of gold rose ahead of a key meeting of the US Federal Reserve in which the officials will decide when to start withdrawing the massive monetary stimulus.

Investors believe that the US Federal Reserve will not withdraw its stimulus package, which resulted in a rise in gold prices. The gold for immediate delivery gained as much as 0.4 percent to $1,235.68 an ounce and was trading at $1,232.48 this afternoon, after falling 0.8 percent yesterday. Gold for February delivery rose 0.1 percent to $1,231.80 an ounce on the Comex in New York.

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