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'Make in India to use technology for industrial growth'

'Make in India to use technology for industrial growth'Washington: Inviting American companies to take advantage of the vast manufacturing opportunities in India, a senior government official has said that a major highlight of the 'Make in India' initiative is to use technology to leapfrog in terms of industrial growth.

Amitabh Kant, Secretary, Department of Industrial Policy and Promotion (DIPP), yesterday urged US industry to take advantage of the vast opportunities in the various sectors identified under 'Make in India' to enter India, make for the domestic market and also export.


US says trade benefits for Bangladesh can be restored if unfair labour practices end

US says trade benefits for Bangladesh can be restored if unfair labour practices endWashington, Jan 17 : United States Trade Representative Michael Froman has said trade benefits can be restored to Bangladesh if the latter takes more steps to end unfair labour practices.

The United States revoked trade benefits for Bangladesh in mid-2013 after a garment factory collapse and a factory fire killed more than 1,200 people.

The Daily Star quoted Froman, as saying that while Washington accepts the Bangladesh Government's claim of putting in place over 2,000 safety reviews of its factories, it still feels more needs to be done on this front.


Global PC market set for revival following growth of 1 percent in Q4 2014

Global PC market set for revival following growth of 1 percent in Q4 2014Washington, Jan 14 : Global PC market sales saw a 1 percent growth in Q4 last year after more than two years of decline.

Market research firm Gartner says fourth quarter PC shipments grew during the popular holiday shopping season, the Verge reported.

Mikako Kitagawa, principal analyst at Gartner said that the PC market is quietly stabilizing after the installed base reduction driven by users diversifying their device portfolios.

Kitagawa added that since tablets have mostly penetrated some key markets, consumer spending is slowly shifting back to PCs.


World Bank says, global economy still struggling to gather momentum post global financial crisis

World Bank says, global economy still struggling to gather momentum post global financial crisisWashington, Jan 14 : The global economy is still struggling to gain momentum as many high-income countries continue to grapple with legacies of the global financial crisis and emerging economies are less dynamic than in the past, said a report published by the World Bank.


Berkshire Hathaway CEO Warren Buffett likens stock market to 'a drunken psycho'

Berkshire Hathaway CEO Warren Buffett likens stock market to 'a drunken psycho'Washington, Jan 12 : Warren Buffett, Chairman and CEO of Berkshire Hathaway Inc. has likened the stock market to a "drunken psycho".

According to Benzinga. com, Buffett, who was in Detroit last month sat down with Quicken Loans Chairman and Founder Dan Gilbert, along with President and Chief Marketing Officer Jay Farner, for an hour-long chat.

Referring to the stock market and its everyday rising prices, Buffett said: "This imaginary person out there-Mr. Market-he's kind of a drunken psycho."


App Store reports record sales of 15 billion dollars in 2014

App Store reports record sales of 15 billion dollars in 2014Washington, Jan 09 - Apple Store's sales reportedly surged 50 percent in 2014, recording total sales of around 15 billion dollars.

According to The Verge, the company says that billings rose 50 percent in 2014 with developers taking more than 10 billion dollars in revenue from apps and in-app purchases throughout the year.

The app store sales amounted to nearly half a billion dollars in the first seven days of January, thereby breaking two more records, including the single biggest day ever on New Year's Day, and its best week ever.
(ANI)


Google Capital pours money into Indian real estate platform CommonFloor

Google Capital pours money into Indian real estate platform CommonFloorWashington, Jan 09 - CommonFloor, an Indian online real estate platform, has reportedly received an undisclosed amount of new funding from Google Capital which marks the tech firm's third investment in Asia since it launched in February.

Google Capital, which focuses on startups in the mid-to-late stages of growth, has invested in 10 companies since its inception. Its interest in Asia is an encouraging sign for start-ups in the region where venture funding for post-seed stage tech companies is often difficult to come by, reported Tech Crunch.


Apple accounted for over half of all device activations during Christmas week

Apple accounted for over half of all device activations during Christmas weekWashington, Dec 30 : According to new data from analytics firm Flurry, Apple devices accounted for more than half of device activations during Christmas holidays.

CNET reported that 51.3 percent of all device activations in the week leading up to December 25 were that of Apple's.

Samsung and Nokia occupied second and third positions with 17.7 percent and 5.3 percent of all device activations, respectively.


Uber announces additional safety measures in India in wake of New Delhi rape case

Uber announces additional safety measures in India in wake of New Delhi rape caseWashington, Dec 29 : Under fire taxi company Uber has announced additional safety measures in India in the wake of the recent incident where one of its drivers raped a woman passenger in New Delhi.

According to Tech Crunch, the precautions were announced ahead of a hearing that the local Transport Department would be having on Monday to determine whether Uber and other mobile transportation services should be allowed to operate there.


Cuba 'hot destination' for US travellers post normalisation of diplomatic relations

Cuba 'hot destination' for US travellers post normalisation of diplomatic relationsWashington, Dec 23 : Since US President Barack Obama's move to normalise diplomatic relations with Cuba, travellers keen to visit the island country have been thronging US travel websites to learn more about the destination.

ABC News reported US website traffic on TripAdvisor about travel to Cuba spiked 293 percent on Wednesday, Dec. 17, compared to the previous day, according to company data.

An opt-in online poll hosted by TripAdvisor showed that 54 percent of more than 1,500 respondents said "eased travel restrictions will increase their interest in visiting Cuba in 2015.


Sony invents wearable smart display that can be attached to your glasses

Sony invents wearable smart display that can be attached to your glassesWashington, Dec 18 : Sony has reportedly revealed its latest experiment that will attach a head-up display on people's glasses.

The company is developing an OLED microdisplay that will provide relevant information in a "high-resolution" 640 x 400 color format, reported The Verge.

The eyewear will have two additional modules, which are designed to rest on top of the wearer's temples, connect up to the microdisplay and provide it with an ARM processor, Bluetooth and Wi-Fi connectivity, an accelerometer, a touch sensor, and a 400mAh battery.


Uber hikes prices 'exorbitantly' during Sydney cafe siege then backtracks post public outcry

Uber hikes pricesWashington, Dec 15 : A report has said Uber briefly charged its users, who were caught in downtown Sydney where a siege is underway at Lindt cafe, a minimum of 100 dollars as a result of automatic surge pricing to get more drivers online.

An executive in the city's Central Business District (CBD), Matthew Leung, sent screenshots of the Uber app that showed the company was charging up to four times more than the normal rate as "demands is off the charts," reported Mashable.

Leung said that he had never seen the rate at four times the normal rate and added that he was a one percent top Uber user.


Bank of America to pay 1M dollars to Florida couple over badgering robocalls

Bank of America to pay 1M dollars to Florida couple over badgering robocallsNew York, Dec 13 : A Florida couple, who sued Bank of America for harassing them with more than 700 collection calls, have won 1 million dollars in compensation.

According to New York Post, the couple, Nelson and Joyce Coniglio, said the bank badgered them after they had fallen behind on their house payments.

The couple reportedly sued the bank under the Telephone Consumer Protection Act and was awarded a little over 1 million dollars by a federal judge in Tampa.

Nelson said that the bank treated them very badly and there was no two ways about it. (ANI)


Bill bars US deals with Russian arms dealer

Bill bars US deals with Russian arms dealerWashington : The US Defense Department would be barred from entering into any contract with a Russian state arms dealer under a provision of the $1.1 trillion spending bill.

The sweeping package includes a prohibition on department dealings with Rosoboronexport or any of its subsidiaries until Russia has withdrawn from the Crimean Peninsula in Ukraine or the company has stopped transferring lethal military equipment to the Syrian government of President Bashar Assad.

Republican Sen. John Cornyn has pushed for the provision that enjoys strong bipartisan support. Democratic Rep. Jim Moran also has targeted purchases from the arms dealer.


Now, Xiaomi accused of lifting new air purifier design from Japanese company

Now, Xiaomi accused of lifting new air purifier design from Japanese companyWashington, Dec 12 : Chinese smartphone maker Xiaomi has been accused of stealing the design of a Japanese company's air purifier for its own product.

According to PC World, Japan's Balmuda, a maker of electric fans has alleged that Xiaomi's new smartphone-controlled "Mi Air Purifier," launched on Tuesday, closely resembles its "Air Engine" purifier.

This is not the first time the Chinese smartphone maker has been accused of design theft.

Xiaomi has often been accused of copying designs of latest Apple products.


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