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

By about 12 hours ago.

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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Report shows how Flipkart, Amazon and Snapdeal sell products at lower prices

By on October 21, 2014 at 1:09 PM.

Report shows how Flipkart, Amazon and Snapdeal sell products at lower prices

Ever wondered how you managed to get such low discounts online that were impossible to get in physical retail stores? A report in Livemintsheds light on how Amazon, Flipkart and Snapdeal manage to sell products on low prices. Reportedly, the three e-commerce sites, due to the Indian laws in place, operate as a marketplace because direct retail is banned. Therefore, ideally they are not allowed to exercise control on the pricing as that is the job of the seller. But citing sources who have knowledge on the matter, the report states that Amazon and Snapdeal do actually have a significant say in deciding product prices as all the three sites finance part and, in some cases, the full amount of discounts offered by sellers albeit in an indirect manner. More →
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Microsoft CEO Satya Nadella gets $84 million pay package

By on October 21, 2014 at 11:43 AM.

Microsoft CEO Satya Nadella gets $84 million pay package

Microsoft CEO Satya Nadella earned $84.3 million this year, according to the salary details coming days after the India-born chief executive was criticized for suggesting that women should not ask for pay raises but trust their "good karma" to get their dues. More →
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