Company Updates

Uninor to continue service in Mumbai

Uninor to continue service in MumbaiTelecom service provider, Uninor has said that it will continue operations in the Mumbai circle after the Supreme Court of India announced the extension of licenses of the companies whose licenses were to be scrapped on corruption charges.

Uninor has indicated that it has decided to bid for the upcoming auction of spectrum in the Mumbai circle. The company said in a statement that as the Telenor Group has decided to bid for the spectrum and the spex court has allowed an extension of licenses for the companies, the services in Mumbai will continue under the brand.

Global sales of Samsung Galaxy S smartphones cross ‘100 million’ milestone

Global sales of Samsung Galaxy S smartphones cross ‘100 million’ milestoneIn a Monday account made with a series of images posted to Samsung's official Flickr account, the South Korean company revealed that the global sales of its Galaxy S smartphones had crossed the `100 million' milestone.

Announcing the major sales milestone achieved by the Galaxy S line of smartphones, which was launched in 2010, the pictures posted on Samsung's Flickr account showed a group of people holding up handsets with numbers written on each one with the collective figure reading "100,000,000."

Qatar Airways confirms interest in buying stake in an Indian carrier

Qatar Airways confirms interest in buying stake in an Indian carrierQatar Airways CEO Akbar Ali Baker has confirmed that the West Asian carrier is interested in buying stakes in an Indian carrier.

Mr. Baker said that Indian civil aviation sector is a massive and potentially rewarding market. He said Qatar Airways would invest in an Indian airline once the regulations and the laws are properly liberalised.

Microsoft to retire Messenger instant messaging service

Microsoft to retire Messenger instant messaging serviceSoftware giant, Microsoft has said that its Messenger instant messaging software is set to go offline on March 15 and advised the users to update to Skype service using the same account.

The Redmond, Washington-based technology giant had acquired Skype for $8.5 billion in 2011 and the company has been integrating the popular telephony service into its own services. The company sent an email to its users urging them to update to the new services soon. Microsoft had announced earlier that it will retire its Messenger service and merge users with Skype.

Asus announces $149 MeMO Pad 7-inch multi-touch tablet

Asus announces $149 MeMO Pad 7-inch multi-touch tabletClose on the heels of the conclusion of the CES 2013, Asus - which unveiled the striking Transformer All-in-One PC and a number of other top-shelf devices at the CES event - has quietly announced its new 7-inch multi-touch tablet, the MeMo Pad.

The Android-based MeMO Pad tablet announced by Asus - the company which engineered Google's flagship Nexus 7 tablet - appears to be quite a fetching tablet, both in terms of specifications and its `budget' price tag --- $149.

Samsung Galaxy S smartphones sales touch 100 mln mark globally

s/Samsung-Galaxy-SSydney, Jan 14 : South Korean electronics giant Samsung has said that worldwide sales of its Galaxy S smartphones have surpassed 100 million mark.

Samsung said it had sold over 25 million Galaxy S smartphones, 40 million Galaxy S II smartphones and 41 million Galaxy S III smartphones.

Samsung launched the first Galaxy S model at the end of May 2010, amid increasing competition with iphone maker Apple, the Herald Sun reports.

According to the report, research firm IHS iSuppli said last month Samsung beat Nokia in mobile phone sales and Apple in smartphone sales last year.

Nagarjuna Fertilizers planning to invest Rs 4,500 crore on expansion

Nagarjuna Fertilizers planning to invest Rs 4,500 crore on expansionIndia's second-largest urea producer, Nagarjuna Fertilizers and Chemicals Ltd (NFCL) has indiacted that it is aiming to double its capacity at its unit in Kakinada, Andhra Pradesh with an investment of about Rs 4,500 crore.

The company said that it plans to double the capacity at the unit to 2.9 million tonne (mt) from 1.3 mt at present. A company official expressed that the company expects the new capacity will be operational by the year 2015-16.

Microsoft’s Windows Messenger service to be switched off in March

Microsoft’s Windows Messenger service to be switched off in MarchAmid the hubbub of the Consumer Electronics Show (CES) 2013 in Las Vegas, bigwig software company Microsoft revealed in an announcement that it will close its Windows Messenger service in March this year.

The announcement marks the execution of Microsoft's November-disclosed plans to pull the plug on its popular but outdated Windows Messenger instant messaging service.

Amazon offering free digital copy of purchased CDs

Amazon offering free digital copy of purchased CDsAmerican online retail giant, Amazon has announced the launch of a new service under which it will offer free digital versions of the CDs that are purchased by the customers through its store.

The company launched the new AutoRip service that will automatically store the digital copies of the CDs in a cloud based account of the customer. The customers will be able to access the stored content through Amazon's Cloud Player on the internet net on their tablet or smartphone using apps.

GAIL begins operation at 5-million tonne import facility of the Dabhol

GAIL begins operation at 5-million tonne import facility of the DabholIndia's State-run, GAIL has made its 5-million tonne a year import facility of the Dabhol power plant operational and is now looking into opportunities in shipping.

GAIL hinted that it is considering starting shipping operations in order to capitalize on the long term contracts with parties in Spain and the US. GAIL might be planning to acquire seven liquid gas shipping vessels on hire or outright purchase for its shipping venture.

Mahindra to invest $900m in SsangYong

Mahindra to invest $900m in SsangYongIndian automotive major, Mahindra & Mahindra has said that it is planning to invest about $900 million during the coming four to five years its SsangYong Motor unit.

The company is looking to develop three new vehicles and six engines at its unit in South Korea. Pawan Goenka, President for Automotive & Farm Equipment sectors, M&M said that the funds for the investment will come from internal accruals, fresh equity and debt.

RIM to introduce at least 6 new BB10 devices this year

RIM to introduce at least 6 new BB10 devices this yearDuring an interaction with Fierce Wireless at the Consumer Electronics Show (CES) 2013, Research In Motion (RIM)'s Chief Marketing Officer Frank Boulben said that RIM plans to launch as least six new devices, running the company's latest BB10 OS, this year.

GVK Bio teams up with Onconova Therapeutics to develop cancer drugs

GVK Bio teams up with Onconova Therapeutics to develop cancer drugsContract researcher GVK Biosciences Private Ltd has teamed up with Onconova Therapeutics Inc to develop new drugs for cancer.

US-based Onconova is a late-stage biopharmaceutical firm that mainly develops innovative treatments for the treatment of cancer and radiation injury.

As part of the joint partnership, the US firm will give two early-stage oncology discovery goals, and Hyderabad-based GVK will make use of its multidisciplinary discovery platform to assist moving these goals from early discovery to the stage of clinical development.

Walmart to offer no-contract iPhone 5 and iPhone 4 via Straight Talk plan

Walmart to offer no-contract iPhone 5 and iPhone 4 via Straight Talk planIn a Tuesday announcement, bigwig US retailer Walmart revealed that it will start offering its customers a no-contract iPhone 5 or iPhone 4 via Straight Talk plan for $45 per month, from Friday, January 11.

The models which will be available from Walmart under the no-contract offer will include the $649-priced 16GB version of the iPhone5; and the $449-priced 8GB version of the iPhone 4.

Louis D'Ambrosio to step down as CEO of Sears Holdings

Louis D'Ambrosio to step down as CEO of Sears HoldingsHoffman Estates-based company, Sears Holdings Corp has said that the its Chief Executive Officer Louis D'Ambrosio is set to step down from the top post on 2 February, 2013 due to family health matters.

The company also said that Chairman Edward Lampert will also look after the role of the CEO. The resignations come at a time when the company has been struggling to position itself as a department store in the highly competitive retail market.

Bank of America reaches agreement to resolve claims

Bank of America reaches agreement to resolve claimsBank of America Corp has reached agreements to resolve major issues involving the bank following the crippling economic crisis.

Varun Berry to join Britannia as new COO

Varun Berry to join Britannia as new COOBritannia Industries has announced in a press release on Monday that it has appointed Varun Berry as the company's new chief operating officer.

As the new COO, Berry will be the second most senior official in the company and will work with MD and CEO Vinita Bali. The company also said that Neeraj Chandra, who is now working as the president and COO at Britannia, will now work as the head strategy and new business development at the biscuit maker. Vinod Menon, who has been working as the head of strategy and new business development, will now work as the new VP and CFO of the company.

Marico to demerge its Kaya business into separate listed company

Marico to demerge its Kaya business into separate listed companyMarico Ltd has decided to demerge its services arm Kaya into a separate listed firm in a bid to improve valuations of the parent company.

Harsh Mariwala, chairman of packaged consumer goods firm Marico, said they were planning to demerge Kaya as the services arm required a totally different approach to grow.

Speaking on the topic, Mariwala said, "Kaya requires a completely different mindset to grow. So we have taken off the Marico hat from Kaya and unshackled it from the Marico rules."

KEC International receives orders worth Rs 1,511 crore

KEC International receives orders worth Rs 1,511 croreAn RPG group company, KEC International has announced that it has bagged orders worth a whooping Rs 1,511 crore in various sectors in different countries around the world.

Samsung expands its selection of Windows 8 touch-screen laptops

Samsung expands its selection of Windows 8 touch-screen laptopsIn a move which marks the expansion of the Windows 8-based touch-screen laptop line offered by Samsung, the company revealed in a recent announcement that its selection of Windows 8 touch laptops will now boast two new additions --- the Series 7 Chronos and Series 7 Ultra PCs.




Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate


Syndicate content