Company News

In challenge to cellphone companies Skype goes mobile

In challenge to cellphone companies Skype goes mobile San Francisco  - In a move that could ring in big changes in the way customers use their mobile phones, internet telephone company Skype will introduce its free software for the iPhone on Tuesday, with versions for other smartphones following in May, the New York Times reported Monday.

Skype already boasts that 400 million customers around the world are using its peer-to-peer telephone system that allows free calls to other Skype members and cheaper rates than other phone companies for calls to landlines and mobile phones.

Jet Airways stresses on its “consolidation” in present market conditions

Jet AirwaysAccording to reports, India's foremost privately-owned airline Jet Airways intends slashing its fleet capacity - the airline had earlier announced 18-20% reduction in its winter schedule from October to February.

The airline's Chief Commercial Officer Sudheer Raghavan said that the cuts result from "excess manpower," the company would try to redeploy the affected fleet members for providing better customer service.

US FDA approves Topamax tablets

US FDA approves Topamax tabletsUS health regulator Food and Drug Ad

Auto Biggies See No Direct Competition From Tata ‘Nano’

Auto Biggies See No Direct Competition From Tata ‘Nano’Mr. RC Bhargava, Maruti Suzuki chairman, on Thursday, said that Tata Motors newly announced mini car ‘Nano’ will have a marginal impact on Maruti-800 sales.

However, Mr. Bhargava said that Maruti would not slash prices to go up against the latest offering from the Tata stable.

Two-wheeler manufacturers including Hero Honda, Bajaj Auto and TVS Motors, too, understated the expected impact of Nano, and said that the two-wheeler market would remain untouched by the Nano attack.

No Plan To Raise FDI Now: Bharti Airtel

No Plan To Raise FDI Now: Bharti AirtelCountry’s largest telecom firm, Bharti Airtel had made it clear that it is not looking at raising fresh funds through foreign investors.

Speaking on the sidelines of an industry event, Sunil Bharti Mittal, Chairman, Bharti Airtel said, “We don't have any plans to raise money, although the headroom is there.”

It can be recalled that government recently had released new guidelines that said foreign investment made via an entity owned or controlled by a resident Indian would be considered as local investment.

Glaxo To Share More Than 800 Patents; Cuts Drug Costs To Aid Poor

Glaxo To Share More Than 800 Patents; Cuts Drug Costs To Aid PoorGlaxoSmithKline Plc (GSK.L) will share over 800 of its patents with researchers trying to make new medicines for tropical diseases, including malaria, and HIV/Aids.

The world's second-largest drug manufacturer also said that it will lessen the price of its drugs in poor nations from next week.

GlaxoSmithKline declared the moves on Tuesday during its annual corporate responsibility report, following a promise by Chief Executive Andrew Witty in an address at Harvard in February 2009 to do more to aid the developing world.

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