Company Updates

Energy Commodity Update by CapitalVia

Energy Commodity Update by CapitalViaSyrian oilfields resuming operations and its President Bashar al-Assad agreeing to inspection of chemical weapons facilities, crude oil supplies worries have eased.

This should see prices dropping. Libya's crude oil production has recovered to 620,000 barrels per day (bpd), compared with its pre-war capacity of 1.6 million bpd, after protesters agreed to reopen major western fields. Output had collapsed to below 200,000 bpd in a stalemate between protesters and the government that lasted over a month.

Upgrade fixes 25 Flaws in Google Chrome

Upgrade fixes 25 Flaws in Google ChromeInternet giant, Google has announced a new update for the stable version of its Chrome browser for Windows, Mac and Linux operating system platforms.

The new version 29.0.1547.57 for various platforms will fix at least 25 security flaws in the browser, improve Omnibox search capability and also offer a new browser reset feature. The company has credited four researchers for the discovery of six flaws with the Chrome 29.0.1547.57 release. Three of these flaws were discovered by a researcher working under the name, "cloudfuzzer."

NTPC power to Bangladesh from September

NTPC-LogoNew Delhi, Aug 8 : NTPC is likely to start supplying 250 MW power to Bangladesh from next month, giving a boost to India’s power diplomacy in South Asia.

"NTPC Vidyut Vyapar Nigam (NVVN), a subsidiary of NTPC, is expected to start supplying power to Bangladesh from September 2013," the state-run power producer said.

NVVN is the nodal agency for supply of power to Bangladesh.

EasyJet founder launches new budget supermarket chain

EasyJet founder launches new budget supermarket chainThe founder of Europe’s EasyJet low cost airline, Sir Stelios Haji-Ioannou has launched a pilot programme with one budget supermarket, EasyFoodStore.

The company is aiming to compete with the likes of Aldi and Lidl, and Poundland in the market. The EasyFoodstore will be located on the ground floor of the -storey office building acquired by EasyGroup in Croydon, south London. The building also hosts other Easygroup businesses, including Easyhotel and Easygym.

Microsoft releases Office for Android smartphones

Microsoft releases Office for Android smartphonesSoftware giant, Microsoft has released a new stripped-down version of Office for smartphones running on Google's Android platform.

The company is aiming to link the new service to its Office 365 subscription plans. The company's Office for iOS devices was also linked to Office 365. The new Android app allows users to access a scaled-down version of Word, Excel and PowerPoint on smartphones running on Android 4.0 or newer.

Ford fined $17.35 mn over late recall

Ford-MotorChicago, August 2 : US automaker Ford Motor Corporation has agreed to pay a penalty of $17.35 million because it did not notify the customers of a defect in a timely manner, media reported.

In 2012, Ford recalled about 423,000 Ford Escape and Mazda Tribute models made during the period of 2001-04 because the gas pedal could remain depressed even after the drivers removed their foot from the pedal, which could cause crashes.

However, the National Highway Traffic Safety Administration said Ford's recall "may have been untimely", Xinhua reported Thursday.

Google reaches agreement with FTC over Motorola deal

Google reaches agreement with FTC over Motorola dealInternet giant, Google has reached an agreement with the U. S. Federal Trade Commission over standard-essential patents obtained by Google from Motorola under the FRAND terms.

SpiceJet CEO Niel Mills resigns

neil-millsNew Delhi, July 23 : Neil Mills, chief executive officer of budget carrier SpiceJet, has resigned, sources said Tuesday.

Mills' resignation comes just a month after the company's chief commercial officer (COO) Harish Moideen Kutty put in his papers.

Mills' resignation comes a year-and-a-half before his contract at the airline ends.

Mills has been with the company since 2010 and was hired by Kalanithi Maran, the promoter of Sun Group, after buying a majority stake in the airline from non-resident Indian Bhulo Kansagra.

SanDisk launches two new flash storage drives

SanDisk launches two new flash storage drivesSanDisk has announced the launch of two new falsh0based storage devices to cater to the increasing demand for storage devices with portability.

The company launched its new Connect Wireless Media Drive and the Connect Wireless Flash Drive. The two devices are powered by battery and works both as a portable storage device as well as a mobile multimedia hotspot. The users can also share data and stream media wirelessly through the multimedia hotspot on the advanced storage device.

Reliance Communications cuts 3G data prices

Reliance-Communications-3GNew Delhi, July 18 : Reliance Communications Thursday cut its prices for third-generation (3G) data services by half, bringing it down to Rs. 123 per 1 gigabyte (GB) from Rs. 250, to grab a larger market share.

Existing and new users having smartphones and tablets, and not dongles, in both pre-paid and post-paid segments can avail the offer.

The company offers 3G services in 13 circles. With this offer the company expects to upgrade 25-30 percent of its existing 2G services users into 3G.

Senthil Chengalvarayan to lead Network18 integrated business newsroom

Senthil-ChengalvarayanNew Delhi, July 12 : Network18 Group Friday announced setting up of an integrated business newsroom comprising its leading broadcast and digital news outlets in the business media space under Senthil Chengalvarayan as editor-in-chief.

The group in a statement said CNBC-TV18, CNBC Awaaz, CNBC-TV18 Prime HD and Moneycontrol. com will now function as part of this larger editorial set-up.

Apple hires former boss of Yves Saint Laurent

Paul-DeneveNew York, July 5 : Apple Inc. announced the hiring of the erstwhile CEO of French fashion firm Yves Saint Laurent Paul Deneve as vice president of Special Projects.

"We're thrilled to welcome Paul Deneve to Apple," company spokeswoman Kristin Huguet said in a statement. "He'll be working on special projects as a vice president reporting directly to Tim Cook," CEO of the California-based tech giant.

Deneve, a sales and marketing manager for Apple in Europe between 1990-97, resigned from YSL Tuesday, saying that he was looking for a new opportunity in the tech sector.

Google brings IIFA closer to fans

IIFA-2013New Delhi, July 4 : So what if you're not in Macau for the glitzy International Indian Film Academy (IIFA) weekend and awards! This year, the event will reach Bollywood fans through a unique digital medium organised by Google.

Google will bring the weekend action to users through Google+, YouTube and Search. Bollywood stars will join a Hangout On-Air live from the green carpet, YouTube will capture the glitzy pre-event parties, and Knowledge Panels across Search will showcase everything one needs to know about the nominees.

Fastjet gains permission to start international operations from Tanzania

Fastjet gains permission to start international operations from TanzaniaAfrican budget carrier Fastjet has announced that it has finally gained permission to start international operations from its hub in Tanzania.

Fastjet, which is backed by Easyjet founder Stelios Haji-Ioannou, said that it would start international flights to Rwanda, Zambia and South Africa, as it had already received route approvals from the relevant government authorities.

The governments of Rwanda, Zambia and South Africa granted permissions under their Bilateral Air Services Agreements (BASAs) with Tanzania.

Samsung sells more Galaxy S4 than iPhone 5 in US

Samsung sells more Galaxy S4 than iPhone 5 in USSouth Korean electronics giant, Samsung has been able to sell more units of its popular Android powered Galaxy S4 when compared to the Apple iPhone 5 in the US market, according to a new report.

Starbucks to ban smoking within 25 feet of its stores

Starbucks to ban smoking within 25 feet of its storesLeading global coffee chain, Starbucks is planning to ban smoking within 25 feet of its stores from this Saturday.

The ban will be imposed form 1 June at stores as permitted by its leases. Starbucks spokeswoman Jaime Lynn Riley said that the company is planning to expand the smoke free indoor environment to the outdoor seating area for its customers. The ban will be imposed across the country to the 7,000 cafés owned and operated by Starbucks Corp and will include both those that have outdoor seating and those that do not.

Villages preparing to oppose Maruti plant in Gujarat

Villages preparing to oppose Maruti plant in GujaratSome have started comparing the developing situation in the Mandal Becharaji belt in Gujarat, which has been notified as special investment region (SIR), to what happened in Singur, West Bengal against Tata Motors.

Ford accepting bookings for EcoSport at Rs. 50000

Ford accepting bookings for EcoSport at Rs. 50000Ford India has started accepting bookings for the upcoming Ford EcoSport model in the Indian market with a sum of Rs. 50000 in the country.

The Ford EcoSport will be offered din the country with three engine variants. The entry level variant will come with 1.5 litre petrol engine that also powers Fiesta. The second petrol engine variant will be powered by the much publicized Ford EcoBoost 1.0 litre turbocharged petrol engine while the third the Fiesta's 1.5 litre turbocharged diesel engine.

Google faces fresh probe alleging abuse of dominant position

Google faces fresh probe alleging abuse of dominant positionInternet giant Google is facing a new anti-trust probe involving the US Federal Trade Commission (FTC) that could look into whether the company is abusing its dominant position in the online display-advertising market to gain an advantage over competitors and block rival’s ads.

Procter & Gamble to replace CEO McDonald with Lafley

Procter & Gamble to replace CEO McDonald with LafleyProcter & Gamble Co., world's largest consumer-products maker, has replaced its Chief Executive Officer (CEO) Bob McDonald on Thursday with his predecessor, A. G. Lafley, effective immediately.

McDonald had taken in charge of the company in 2009 and was working to turnaround the company in the previous year with a plant to cut $10 billion in costs through 2016. He also planned to focus the company towards its leading businesses after it struggled to compete with the likes of Unilever.

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