Company News

No alcohol, seafood: Jet Airways pilots observe safety week

Jet AirwaysNew Delhi : No alcohol for one week. This is what the pilots of private carrier Jet Airways have decided as part of a novel way to observe a flight safety week at the airline from January 30 to February 5.

The airline pilots, who have seldom found themselves at the receiving end for one reason or the other, have also decided to adhere to "all stabilised approach" in the operations and flight duty time limitation (FDTL) norms, airline sources said.

A stabilised approach is a key feature to a safe approach and landing and a part of the DGCA formulated Standard Operating Procedure (SOP) for safe flight operations.

Alibaba shares drop by more than 10 percent post disappointing December quarter results

Beijing, Jan 30 - Alibaba Group Holding Limited's shares have fallen by more than 10 percent on Thursday wiping more than 25 billion dollar of market value after the third quarter revenue fell short of expectations.

According to China Daily, the revenue of the company rose by 40 percent making it 4.22 billion on the December quarter.

Tian Hou , a Beijing-based analyst said that stock price drop is not about Earnings per share, it's about the top line growth.

Alibaba did not address Tuesday's announcement that its second-biggest shareholder Yahoo Inc plans to spin off its 15 percent stake in the company. (ANI)

Google says YouTube too crammed to keep check on terror related videos

Google YouTubeWashington, Jan 29 : Google says that its video-sharing website YouTube is overloaded to the point where the staff is finding it difficult to filter terror related content.

The overflowing content on the site is slowing down the task to stop terrorists from uploading propaganda and hostage videos.

According to CBS News, Google Public Policy Manager Verity Harding said that about 300 hours of video material is being uploaded to YouTube every minute, making it virtually impossible for the company to filter all images.

HTC may unveil two new phones on March 1st at Mobile World Congress trade show

htcWashington, Jan 29 - HTC is likely to announce two new phones at the company's press event on March 1st at the Mobile World Congress trade show.

According to the Verge, a new image posted by Evan Blass to his Twitter account shows two new, never-before-seen HTC smartphones that have similar design traits to other recent phones from the company.

The image suggests that the new devices will have metal chassis, center-mounted front cameras, and HTC's signature front-facing BoomSound speakers.

One of the devices seems to have a fingerprint scanner below the HTC logo.

JAL to purchase 32 MRJ aircraft

Japan AirlinesTokyo, Jan 28 : Japan Airlines (JAL) on Wednesday announced that it has signed an agreement and letter of intent with Mitsubishi Aircraft for the purchase of 32 firm Mitsubishi Regional Jet (MRJ) aircraft.

JAL rates the performance of the next-generation MRJ aircrafts very high is considering Mitsubishi Aircraft's proposals for operational support following the delivery of the aircrafts. Mitsubishi has so far 407 MRJ aircrafts (223 firm, 160 option, 24 purchase rights) are on order, including 32 from JAL. Deliveries to JAL are scheduled to commence in 2021.

Microsoft's next Internet Explorer browser will support extensions

Microsoft's next Internet Explorer browser will support extensionsWashington, Jan 28 - Microsoft has reportedly announced plans to introduce features that would support extensions in its next Internet Explorer browser, a report said.

Microsoft's browser development team broke the news on Twitter by saying, "we're working on a plan for extensions for a future update to Project Spartan," reported The Verge.

Currently codenamed Spartan, the new browser is expected to be released as part of Windows 10 across PCs, phones, and tablets.

Internet Explorer 11 does support add-ons but they are different from the popular extensions found in Chrome and Firefox.

IBM to lay off more than 100,000 workers globally

IBM workersLondon, Jan 27 : IBM is planning to slash more than 100,000 workers from across the globe as a cost-cutting measure.

According to Mirror, the US company, which employs around 20,000 people in the UK, confirmed it was preparing for "workforce rebalancing" that would lead to the loss of "several thousand" roles.

However, the company said that reports claiming that the company was preparing to cut 111,000 workers - more than a quarter of its 430,000 workers - were "ridiculous" and "baseless".

The computer giant refused to divulge any more details on the same.(ANI)

Johnson to buy 25.74% stake in Hitachi via open offer

Johnson ControlsNew Delhi: Johnson Controls plans to acquire 25.74 percent stake in Hitachi Home & Life Solutions (India) Ltd through an open offer for an estimated price of Rs 575 crore.

In a public announcement to Hitachi's shareholders, Johnson Controls said it would acquire little over 70,00,990 shares at an offer price of Rs 821.38 per share amounting to Rs 575.04 crore.

In a BSE filing, the company has proposed to launch open offer to acquire "up to 70,00,990 fully paid-up equity shares of face value of Rs 10 each of the target company representing 25.74 percent of fully diluted voting equity share capital."

Top 8 Sensex companies add Rs 62,074.5 cr in m-cap; Infosys, CIL shine

New Delhi - The combined market valuation of top eight Sensex companies surged by Rs 62,074.5 crore in the week gone by, with Infosys, Coal India and HDFC Bank emerging as the star performers.

Except TCS and ITC, rest of the eight companies, including ONGC, RIL, SBI, ICICI Bank and HUL saw a rise in their market capitalisation (m-cap).

The market valuation of Infosys zoomed by Rs 11,473.24 crore to Rs 2,54,277.52 crore.

CIL's value soared by Rs 10,106.18 crore to Rs 2,48,801.59 crore and HDFC Bank added Rs 10,008.07 crore to Rs 2,52,111.44 crore.

Rolls Royce sues MC Royce Rizzy for using similar name

Rolls RoyceWashington, Jan 25 High-end car company Rolls Royce has filed a lawsuit against a MC named Royce Rizzy as the rapper's name sounds similar to their car company.

According to the lawsuit , the legendary car company said that Rizzy advertises and sells "Team Rolls Royce" shirts on his website and they want him to stop at the earliest, reported.

The luxury car brand has claimed that they've sent the rapper multiple cease and desist letters to no avail and since he's continued to wear the shirts in pics on social media they've been forced to file suit.

Sun Pharma chief expects Ranbaxy deal to be closed by mid-Feb

Sun PharmaHyderabad: Drug major Sun Pharma's top executive Dilip S Shanghvi expects the USD 4-billion Ranbaxy deal to be concluded by middle of next month while stating that the key challenge before the combined entity would be to rebuild the confidence of health regulators.

"I think Punjab and Haryana High Court will hear the issue of merger on February 2. Once we get the approval (from the court), then it will take a few more days. We need to meet certain company laws. So, hopefully by middle of February we should be able to close the deal," Sun Pharma Managing Director Dilip S Shanghvi told reporters here.

Samsung to make Tizen phone in India

Samsung TizenNew Delhi: Buoyed by the market response to its Tizen OS-based smartphone in India, tech giant Samsung plans to manufacture the 'Z1' at its Noida facility soon.

The South Korean firm, which is the world's largest smartphone player, had launched the device earlier this month in India.

"The compelling proposition of an easy to use and clutter free interface (of Z1), along with premium design has met wide consumer acceptance... The Z1 will be manufactured in company's Noida plant in UP," Samsung India Vice President Marketing (Mobile and IT) Asim Warsi told PTI.

Aircel starts offering STD call for 10 paise a minute

AircelNew Delhi : Telecom operator Aircel has announced a scheme offering 10 paise per minute calls to its pre-paid subscribers within its network.

The scheme will also offer free music download for first 30 days from the date subscribers opts for it.

"We are delighted to launch yet another industry first product, Unlimited STD On-net calls at 10 paise per minute bundled with limitless music free for 30 days," Aircel Chief Marketing Officer Anupam Vasudev said in a statement.

New Aircel customers can get this pack by opting for recharge from Rs 71 to Rs 149 with a validity of 30 days.


Microsoft to bring integrated Skype messenger to Windows 10

MicrosoftWashington, Jan 23 : Microsoft is integrating Skype into its Windows 10 that will allow users to chat to Skype contacts or initiate video and audio calls.

According to the Verge, the Windows upcoming version with Skype will look like Apple's iMessage service and it brings back the built-in Messaging app from Windows 8 that Microsoft had killed with the Windows 8.1 update.

All Skype conversations through the Windows 10 will be synced between PCs, tablets, and phones.

Much awaited Apple Watch to have similar battery life as Android Wear devices

Apple WatchWashington, Jan 23 : Apple's much awaited wearable device 'Apple Watch' will exhibit a similar battery life as other Android Wear devices in the market today, said a source familiar with the Watch's development.

Apple is hopeful that the watch can run for 19 hours, combining active and passive use, reported the Verge.

According to 9to5Mac's source, Apple Watch can last through two to three days in standby and low-power modes.

However, if the watch is used strictly as a timepiece and the screen is on at all times, then the battery will die out after three hours or so.

Microsoft to release Office 2016 later this year

Office 2016Washington, Jan 23 : Microsoft has reportedly announced that its next major version of Office, aptly named Office 2016, will be released later this year.

Julia White, Microsoft's Office general manager said that the tech giant's new suite will offer the same "comprehensive Office experience" that users are familiar with and will be best suited for a PC with keyboard and mouse, reported The Verge.

The report said that the upcoming Office version will include a darker theme and a Clippy-like helper.

Apple CEO Tim Cook made 9.2 mln dollars in 2014

Tim CookWashington, Jan 23 - Apple CEO Tim Cook was paid 9.2 million dollars by the company in 2014 wherein 1.7 million dollars was paid as salary and 6.7 million dollars as non-equity compensation.

According to TechCrunch, the amount of money Cook made in 2014 was double of what he made in 2013, which was roughly 4.2 million dollars.

While Angela Ahrendts, hired away from Burberry to lead Apple's retail strategy, earned 73 million dollars and the vast majority of that was in stock.

Apple's iTunes, App Store, Apple Pay, Siri, Apple Maps, iCloud boss Eddy Cue earned 24 million dollars and 20 million of which was stock. (ANI)

Tech leaders optimistic about digital economy

Satya NadellaDavos : Top technology leaders, including Microsoft's Satya Nadella, Google's Eric Schmidt and Vodafone's Vittorio Colao, Thursday said they are hugely optimistic about the prospects of digital economy, while Facebook's Sheryl Sandberg cited an Indian story here at the WEF to support her optimism.

In a panel discussion on the potential for digital economy at WEF Annual Meeting, Facebook's COO said there were two brothers in a village in India where they could not go to hospitals, but they joined the technology bandwagon and their lives changed.

Uber reportedly raised 1.6 billion dollars in deal with Goldman Sachs

Uber TechnologiesWashington, Jan 22 : Taxi firm Uber has reportedly raised 1.6 billion dollars following a deal with Goldman Sachs Wealth Management clients.

The money will be converted into an equity stake in the company when Uber decides to go public, the Verge reported.

Uber's value was pushed to 40 billion dollars this past December after it raised 1.2 billion dollars in financing.

The report said that people backing this loan believe it will be worth many times that at its inevitable IPO . (ANI)

Microsoft announces Windows 10 with Cortana, HoloLens headset

Microsoft Windows 10 with CortanaLondon, Jan 22 : Microsoft has announced that Windows 10 will bring Cortana to PCs.

According to the BBC, along with the voice-controlled assistant Cortana, Windows 10 will also get a newly unveiled "holographic" headset that Microsoft said would one day project the operating system over views of the real world.

Moreover, the OS upgrade would be available free of cost for devices running Windows 8, Windows 7 and Windows Phone.

The report added that the offer, which is limited to the Windows 10's first year of release, may aid its adoption. (ANI)

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