Company News

Kenya's Olkaria Geothermal Power Plant starts commercial operation

Kenya's Olkaria Geothermal Power Plant starts commercial operation

Tokyo, Feb. 20 - Toshiba Corporation has announced the beginning of commercial operation of Kenya's Olkaria Geothermal Power Plant.

The official opening ceremony of Kenya's largest geothermal power complex was held at the site on February 19 in the presence of President Uhuru Kenyatta and other government officials.

Kenya Electricity Generating Company Ltd. awarded a full turnkey contract for Olkaria I and IV to a consortium of Korea's Hyundai Engineering Co. Ltd. and Japan's Toyota Tsusho Corporation in 2011.

Toshiba, selected by Hyundai Engineering to provide key equipment, supplied four 70-megawatt turbines and generators for the plant in 2013.

Olkaria IV started commercial operation in September 2014, followed by Olkaria I in January this year.

Indian hotel company Stayzilla raises 20 mln dollars in series B round funding


Washington, Feb 20 - Stayzilla, an India-based service that combines regular hotel bookings with short-term, Airbnb -style rentals, has raised 20 million dollars in series B round for its hybrid service.

According to TechCrunch, Stayzilla's focus is on allowing users book accommodation across India for a stay of up to one month.

Stayzilla CEO and co-founder Yogendra Vasupal said that the service has almost 22,000 rooms wherein 36 percent of them are alternative and across 4,000 towns as of December 2014.

Vasupal said that alternative accommodation has emerged over the past year and the company aims to hit 50,000 rooms by the end of 2015. (ANI)

Petroleum Ministry leaked documents: Reliance Industries man among five arrested


New Delhi: In a possible case of corporate espionage, the Delhi Police have detained two Petroleum Ministry employees and three others for allegedly leaking confidential government documents.

As per reports, the Delhi Police carried out raids at Shastri Bhavan and nabbed the two - one a peon and the other is a clerk.

However, they are said to have had access to the offices of senior officials in the ministry. Of the the other three, one has claimed to be a journalist.

Media reports said that the detained men are being questioned and will be put under arrest. The reports added, the five have allegedly leaked official documents to business houses.

Microsoft to shut down Windows Phone's 'Rooms Group chat' feature in March

Microsoft to shut down Windows Phone's 'Rooms Group chat' feature in March

Washington, Feb 19 : Microsoft has reportedly announced its decision to end support for its Windows Phone's Rooms group chat, beginning next month.

The company said in an email that the move was aimed at making way for new features in Windows 10 that will enable users to keep in touch with friends and family, reported The Verge.

Rooms group chats were extension to the People hub that allowed users to hold conversations, share images, notes and calendars in private groups.

Windows Phone 8 users will be able to view their existing "Rooms" but will not be able to create new ones or send any messages from March. The group chat feature will be removed entirely for those who update to Windows 10 Technical Preview for phones.

Apple removes sensors from smartwatch after arm hair disrupts readings

Apple removes sensors from smartwatch after arm hair disrupts readings

London, Feb 18 : Apple reportedly had some sensors removed from its new smartwatch after discovering that arm hair was obstructing its functioning.

According to Daily Star, a report from The Wall Street Journal has suggested that Apple wanted their watch to measure a host of bodily functions, such as blood pressure and stress levels.

However, the company figured that strap tightness, skin types and hair issues disrupted the smartwatch's accurate readings and decided to have the sensors removed.

The smartwatch will be launched in April and the device and will be fitted with some fitness aids including heart rate monitor and activity tracking, the report added. (ANI)

LG announces all-metal smartwatch 'LG Watch urbane' to compete with Apple

LG announces all-metal smartwatch 'LG Watch urbane' to compete with Apple

Washington, Feb 17 - LG has announced its latest addition, the all metal smartwatch ' LG Watch Urbane ', weeks before the Apple smartwatch is expected to roll out.

According to TechCrunch, LG believes its new timepiece will appeal to men as well as women rather than only the geeky male audience.

The LG smartwatch comes with a natural leather strap in silver or gold and the band is detachable and can be switched with any 22mm-wide band for regular watches.

The device runs Android Wear and is powered by a 1.2 GHz Qualcomm Snapdragon 400 chip.

LG said that it will launch the LG Watch Urbane at Mobile World Congress in Barcelona this month. (ANI)

Foxconn shuts Sriperumbudur unit after severance deal

Foxconn shuts Sriperumbudur unit after severance deal

Chennai: After weeks of negotiations with employees agitating against suspension of operations at the Foxconn's Sriperumbudur plant, the electronic parts manufacturer said a severance agreement has been reached and the facility is closed down.

In a response to PTI query today, Foxconn said, "A settlement for severance was concluded with employee representatives on February 12, 2015 and based on that agreement, the last day of employment for all employees of FIH India Private Ltd was February 10."

"The company's facility in the Nokia Special Economic Zone, Chennai, officially closed its operations on February 10, 2015," it said.

Toyota launches world's first car that 'giggles' when you tickle it

Toyota launches world's first car that 'giggles' when you tickle it

London, Feb 16 : Engineers have created the world's very first ticklish car which "giggles" when touched at sensitive areas.

The new Toyota Yaris with a "TICK LME" number plate, which was unveiled for Red Nose Day, reacts to touch by lighting up and flashing its headlights and indicators, spraying water from the windscreen washer fluid spouts and moving as if it was chuckling, in addition to a laugh recorded by Red Nose Day legend Lenny Henry, the Daily Star reported.

Mr Tickle from the Mr Men series, who unveiled the red hatchback and is the celebrity consultant on the project, said that he was "tickled pink" to be part of the innovative project.

Rolls Royce launches its Ghost Series II in South India

Rolls Royce launches its Ghost Series II in South India

Chennai , Feb 12 : Luxury car manufacturer Rolls Royce on Thursday officially launched its latest model, the Ghost Series II. With this, the Tamil Nadu capital has become the first city in South India where the car has been launched.

"Basically it's an evolution to Ghost Series I and there is quite a few changes to the car-exterior wise interior wise and also technology wise," said Rolls-Royce Motor Cars Ltd, Asia-Pacific, general manager Sven J Ritter, while launching the car.

He added that the super luxury car maker was yet to decide on entering the sports utility vehicle segment.

The Ghost Series II was launched in the rest of the country in November.

According to reports, India is one of the top five markets in Asia Pacific for the Ghost series. (ANI)

Microsoft acquires maker of top calendar apps Sunrise

Microsoft acquires maker of top calendar apps Sunrise

Washington, Feb 12 : Microsoft has taken over Sunrise, the maker of one of the top calendar apps for iOS and Android for around 100 million dollars, according to reports.

However, neither Microsoft nor Sunrise has yet disclosed the financial terms of the deal, reported the Verge.

The co-founders of Sunrise said that the deal was the starting of a promising future. They added that the app will remain available on its current platforms.

Sunrise supports various features such as recurring appointments, alerts, birthdays, Google Maps directions, and more. (ANI)

Emirates to hire over 11,000 new staff in 2015

Emirates to hire over 11,000 new staff in 2015

Thiruvananthapuram, Feb 11 : Emirates Group, comprising Emirates airline and dnata, plans to hire over 11,000 new staff in the coming year across its business in line with its projected growth across six continents.

This would increase its staff size by six percent by March 2016. Approximately half of the new recruits will comprise Dubai-based cabin crew for Emirates airline. As the airline gears up to receive over 20 new aircraft this year, it is also actively recruiting talent in areas such as flight operations, engineering, airport services and corporate functions.

Samsung denies its smart TVs monitor living room conversations

Samsung denies its smart TVs monitor living room conversations

Washington, Feb 11 : Samsung has responded in a blog post denying the recent controversy about the company's poorly worded privacy policy that warns that conversations can be transmitted to a third party through Voice Recognition, saying that "Samsung Smart TVs Do Not Monitor Living Room Conversations".

The company recognises that it could have used a clearer language as it was clumsy, reported the Verge.

The warning however, applied only to those viewers who control their Samsung Smart TV using its voice activation feature.

It was reported that the TV sets may be listening to people in the room to try to spot commands queries that are issued via the remote.

Apple investing 850 mln dollars to build 1,300 acre solar farm to power new headquarters

Apple investing 850 mln dollars to build 1,300 acre solar farm to power

Washington, Feb 11 - Apple is investing 850 million dollars to build a 1,300-acre solar farm in its new headquarters in Monterey, California in partnership with First Solar on a renewable energy project.

According to the Verge, Apple CEO Tim Cook said that the company is focused on making environmentally responsible decisions.

Cook said that it was time for action now and that climate change is real at Apple.

Apple is partnering with First Solar, the company that Apple bought a massive factory site from in Arizona.

The project will reportedly add 130 megawatts of new solar power to California that is enough to power about 50,000 average homes. (ANI)

Netflix launches in Cuba

Netflix launches in Cuba

Washington, Feb 10 : Streaming service Netflix has reportedly launched in Cuba.

According to the Verge, Netflix, which already offers service elsewhere in Latin America, tweeted out a confirmation of the news this morning.

The service will stream some of its popular original shows in Cuba including House of Cards and Orange is the New Black .

In order to subscribe to the service, Cuban residents are required to have access to international payment methods like debit or credit cards. Plans reportedly start at 7.99 dollars. (ANI)

Samsung launches Tizen-powered TVs in home market

Samsung launches Tizen-powered TVs in home market

Seoul: South Korean electronics giant Samsung Electronics Co has started domestic sales of high-end televisions powered by its Tizen operating system and plans to add washing machines, fridges and other appliances to the range of products that use the software.

Samsung said sales of Tizen-powered ultra-HD TVs began today in South Korea. The new TVs come in four sizes from 55 inches diagonally to 88 inches. The smallest model costs 5.49 million won.

The company's smartphones and tablets rely on Google's Android operating system despite its efforts to develop Tizen as an alternative.

Currently Samsung is focusing on pushing the Tizen OS into living rooms and eventually into kitchens and other corners of the home.

Micromax tops Indian smartphone market ranking; Samsung cries foul

Micromax tops Indian smartphone market ranking; Samsung cries foul

New Delhi: Samsung has been dethroned as the nation's largest smartphone vendor by homegrown handset maker Micromax, research firm Canalys said, but the Korean giant disputed this saying it still remains at the top.

Micromax has captured 22 percent share in the India smartphone market in terms of shipment in the October-December 2014 quarter. Samsung was pushed to the number two slot with 20 percent share, as per the Canalys report.

However, Samsung refuted the Canalys report saying it had 34.3 percent market share in the Indian smartphone market as per GfK data, which is based on actual sales numbers, putting it ahead of the domestic rival.

RIL raises $750 million from overseas market

Reliance IndustriesNew Delhi: Reliance Industries on Wednesday said it has raised USD 750 million (about Rs 4,624 crore) through issue of bonds to global investors in the overseas markets.

This is the second time within a few days that the Mumbai-based firm has hit the forex debt market. "Reliance Industries has priced a Rule 144A/Regulation S offering of USD 750 million 4.875 percent Senior Unsecured Notes due 2045," it said in a statement.

Vodafone India applies for payment bank licence

Vodafone IndiaNew Delhi: Vodafone India on Tuesday said it has applied for a payment bank licence and is exploring options for partnerships for the proposed banking venture.

"Vodafone has filed an application with Reserve Bank of India (RBI) for the Payments Bank licence. We are exploring options for partnerships," the company said in a statement.

Corporates, including RIL, Aditya Birla, Bharti Airtel and Future Group, are among at least a dozen entities that have also sought licence from RBI to set up payment or small finance banks, two niche banking models introduced to push financial inclusion and saving habits.

Google developing `ride-sharing` app

googleWashington, Feb 03 : Google is reportedly working on a ride-sharing service that will allow people to catch a lift from one of its driverless cars, a report said.

According to The Verge, Google's chief legal officer, David Drummond, who is on Uber's board of directors, has informed them that the company is considering stepping into the ride-sharing space.

Uber's board is also reported to have seen screenshots of Google's app, which is apparently being used by its employees.

Apple to issue bonds worth 5 bln dollars

AppleLondon, Feb 03 - Tech giant Apple is expected to raise at least five billion dollars by selling bonds.

Portions of the funds raised will be used for Apple's share buyback programme, reported the BBC.

The company intends to return more than 130 billion dollars to shareholders by the end of this year.

However, the amount being raised is less than half the 12 billion dollars generated in April 2014 when the company was last active in the U. S. bond market.

While some of the bonds will take five years to mature, others will take as long as three decades.

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