Company Updates

Tegra running Android demoed by Nvidia

Tegra running Android demoed by Nvidia It has come to light that Nvidia is working with Google on Android phones as it turns off its Windows-Mobile-only strategy.

An announcement was made at the Mobile World Congress in Barcelona by Nvidia that with the aim to get its Tegra processor into Android phones, it has started working with Google and the Open Handset Alliance. Basically, Tegra is a system-on-a-chip, which integrates an ARM applications processor and Nvidia's GeForce graphics silicon, among other functions. The motive is to bring vigorous PC-like graphics to small devices.

Vijay Mallya's United Spirts may up stake offer to Diageo

Vijay Mallya's United Spirts may up stake offer to DiageoIndian liquor maker United Spirits, with market value of about $1.4 billion, indicates to increase stake offer by about 15 per cent to Diageo, the world's largest alcoholic drinks group, in order to successfully close the talks between two companies and to pay debt of $1.2 billion from its purchase of Scottish spirits maker Whyte & Mackay in 2007.

Reliance Communication inks pact with US-based Ditech Network

Ditech Networks & RelianceAnil Ambani-led Reliance Communication (RCOM) has signed an agreement with US-based Ditech Networks to deploy the latter's voice enhancement solution on its recently unveiled GSM network.

The deal is estimated to be worth Rs 50 crore and deployment is expected to enhance voice clarity on Reliance Mobile by approximately 30 per cent'.

Under the arrangement, RCOM will initially deploy Ditech's voice enhancement solutions across Top 10 towns and then extend coverage across other locations.

It should be noted that on Thursday, RCom has already commenced trial runs on Ditech's network

Mold Tek inks pact for acquisition of RMM Global

Mold Tek inks pact for acquisition of RMM GlobalMold Tek Technologies Ltd, a leader in Engineering and Packaging services, has entered into a 'Asset Purchase Agreements' for acquisition of Assets and Business of RMM Global, Ohio, UAS and its associate Company TechNet Engineering Services Pvt. Ltd., Mumbai for a total Sales consideration of US$700,000.

It may be noted that RMM Global and TechNet are well established in providing Structural Steel Detailing Services for last 8 years for their Clients in USA.

Tata Communications to pump $430 million; Stock neglects move, dips 2%

Tata Communications to pump $430 million; Stock neglects move, dips 2% India's Tata Communications, a leading provider of a communication infrastructure, has revealed its USD 430 million strategic investment plan for Asia Pacific (APAC) region.

The investments include developing the Tata Communications Exchange, a new world-class Internet Data Center (IDC), and the completion of the main segment of its TGN-Intra Asia Cable System.

It may be noted that, these investments are key part of the company's $2 billion expansion plan over three years to enhance its global infrastructure.

Western Union inks deal to acquire money transfer biz of Europe-based FEXCO

Western Union inks deal to acquire money transfer biz of Europe-based FEXCO

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