Sundar Pichai gets elevated, will reportedly oversee most Google products

By on October 25, 2014 at 1:12 PM.

Sundar Pichai gets elevated, will reportedly oversee most Google products

Google CEO Larry Page is handing over the reins to a slew of Google’s product portfolio to the fast-rising executive Sundar Pichai, a person familiar with changes told Re/code. India-born Sundar Pichai who already oversees Android, Chrome and Apps including Gmail and Drive, will now also spearhead search, maps, Google+, ads, as well as commerce, research and infrastructure. Pichai will retain the same Senior Vice President title, and continue to report to Page. The heads of these products will now report to Pichai instead of Page. More →
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Nokia turnaround since handset unit sale continues, reports $950 million Q3 net profit

By on October 24, 2014 at 12:21 PM.

Nokia turnaround since handset unit sale continues, reports $950 million Q3 net profit

Nokia is showing signs that it has turned around its fortunes following the sale of its ailing cellphone unit to Microsoft. The slimmed-down Finnish company said today that it made a third-quarter net profit of 747 million Euros ($950 million) of the year, compared with a 91 million Euros loss in the same period last year. More →
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It’s official! Microsoft to rebrand Nokia to Microsoft Lumia

By on October 24, 2014 at 11:42 AM.

It’s official! Microsoft to rebrand Nokia to Microsoft Lumia

Earlier this week, reports surfaced online claiming that the Nokia nomenclature had reached its end, and Microsoft was planning on renaming the brand. Today, the Redmond-based giant used the Conversations blog to make the transition official saying that Nokia’s Lumia brand will be renamed to Microsoft Lumia. More →
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SoftBank to invest $300 million in Paytm, Olacabs: Report

By on October 23, 2014 at 2:25 PM.

SoftBank to invest $300 million in Paytm, Olacabs: Report

Japanese telecommunications company, SoftBank, could invest in PayTM and Olacabs in the coming weeks, ET reports. SoftBank is in talks with PayTM to invest $300 million for a significant minority stake. Softbank CEO Masayoshi Son will be in India on Monday for a two-day visit where he is also expected to announce a $650 million investment in Snapdeal and will also meet Prime Minister Narendra Modi. Son, Japan's richest individual with a net worth of over $22 billion, is the latest high-profile CEOs to visit the country after Amazon's Jeff Bezos, Facebook's Mark Zuckerberg and Microsoft's Satya Nadellla. More →
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Amazon India set free by Karnataka government on tax issue

By on October 22, 2014 at 4:06 PM.

Amazon India set free by Karnataka government on tax issue

Recently Amazon India faced heat from Karnataka authorities who sought to impose value added tax on the products it sold. But, in a new development, after the US embassy wrote to the finance ministry highlighting the problem faced by the e-commerce giant, the state government soon got into damage-control mode and put on hold the cancellation of branch certificates of about 50 Amazon vendors, ET reports.  More →
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Xiaomi could soon start manufacturing phones in India

By on October 22, 2014 at 2:59 PM.

Xiaomi could soon start manufacturing phones in India

Chinese mobile company Xiaomi could soon start manufacturing phones in India. The company which recently brought its last year’s flagship Mi 3 and Redmi 1S in the country has hired legal advisers to understand the regulatory aspects of manufacturing in India, Xiaomi's India head Manu Jain told Wall Street Journal. More →
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Flipkart to buy stake in after-sales service provider Jeeves for its own home appliances brand: Report

By on October 22, 2014 at 11:37 AM.

Flipkart to buy stake in after-sales service provider Jeeves for its own home appliances brand: Report

In a new development, Flipkart is underway to buy a large stake in after-sales service provider Jeeves Consumer Service Pvt Ltd. According to a Livemint report, this move comes as the company plans to launch its private brands in home appliances such as televisions and refrigerators as well as electronics. More →
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Apple Q4 2014 earnings: 39.3 million iPhones, 12.3 million iPads, and 5.5 million Macs sold

By on October 21, 2014 at 1:29 PM.

Apple Q4 2014 earnings: 39.3 million iPhones, 12.3 million iPads, and 5.5 million Macs sold

Apple announced its Q4 2014 earnings last night, and it has crushed all the estimates. The Cupertino-giant posted quarterly revenues of $42.12 billion and profit of $8.5 billion. This is up from revenues of $37.5 billion and a net profit of $7.5 billion, Apple posted in the fourth quarter of last year. More →
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