Company Updates

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.

Precious Metal Commodity Update by CapitalVia

Precious Metal Commodity Update by CapitalViaGold held on to gains from the two previous sessions on Friday after assurances from the likely new Federal Reserve chief that the U. S. central bank would continue its easy monetary policy for a while.

The prospect of the Fed's bullion-friendly bond purchases being maintained for some time helped gold recover from a four-week low hit earlier this week and it may now end a two-week losing streak. However, in the domestic market Gold prices are expected to remain in range as strong rupee could put some pressure on the prices.

Precious Metal Commodity Update by CapitalVia

Precious Metal Commodity Update by CapitalViaGold prices rose on Friday as higher than expected US unemployment claims pushed prices higher. Overall weak US job market growth has raised expectations that Fed will continue its bond buying program in 2013 and boosted gold's inflation hedge appeal. However, physical demand from China has remained weak, with premiums on the Shanghai Gold Exchange at multi-month lows of $2 an ounce. Import demand from India has is also weak due to government steps taken to curb the imports though premiums are at record high of $120 an ounce due to tight supplies ahead of the festive season.

Infosys wins award for resource management

Infosys wins award for resource managementBangalore, Oct 18 : IT bellwether Infosys Ltd Friday announced it has won the 'Corporate Sustainability Stewardship' award for efficient management of energy, waste and water resources in its production processes and operations.

The Parivartan sustainability leadership awards, instituted by Sustainability Outlook, a not-for-profit social organisation, recognise corporates and their executives who contribute in the field of sustainability every year.

Infosys shares jump after firm raises outlook

Infosys shares jump after firm raises outlookInfosys shares jumped to their highest level in around two-&-a-half years on the Bombay Stock Exchange after the software service exporter hiked its revenue forecast.

On Sunday, Infosys increased its revenue forecast (in dollar terms) 9-10 per cent for the twelve months ending March this year. Previously, the company had projected a growth of 6-10 per cent. The company increased its revenue forecast saying it economic recovery in Europe would encourage its clients to increase spending on software services.

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