Company News

Air Astana signs code-share agreement with Air India

Air Astana signs code-share agreement with Air IndiaNew Delhi, Nov.6 - Kazakhstan's largest airline Air Astana has signed a free flow code-share agreement with state-run airline and Star Alliance member Air India. "As a state-run airline and Star Alliance member carrier, Air India feels honoured to enter into this code-share agreement with Air Astana. This agreement has enabled Air India to reach out to the CIS (Commonwealth of Independent States) and eastern European market," ssaid Air India Chairman and Managing Director Rohit Nandan.

Hero MotoCorp to enter European markets next year

Hero MotoCorpNew Delhi : Country's largest two-wheeler maker Hero MotoCorp aims to enter European markets, including Italy, Spain and France, by end of next year, with the launch of its hybrid-scooter 'Leap' in these countries.

In the first phase of its foray into Europe, the company plans to launch its products in Italy, Spain and France followed by the UK and Germany in the next phase of expansion, Hero MotoCorp Ltd (HMCL) said in a statement.

To begin with, the company will launch its first serial-hybrid scooter 'Leap' in these markets, and subsequently bring more models including scooters and motorcycles, it added.

Maruti, Nissan meet safety norms; NCAP 'scaremongering': SIAM

Maruti Suzuki and NissanNew Delhi: Stating that car makers in India meet the country's safety norms, auto industry body SIAM on Tuesday defended Maruti Suzuki and Nissan, which had failed crash tests conducted by Global NCAP on their Swift and Datsun GO models, respectively.

Lashing out at Global NCAP, an umbrella body of consumer car safety testing bodies, for "scaremongering", SIAM Director General Vishnu Mathur said: "Every country has its own safety requirements. Our cars are meeting safety norms set by the government."

JP Morgan in midst of US currency trading probe

jp morganLondon, Nov 04 : US banking giant JP Morgan is facing probe over currency trading.

According to the BBC, the firm said the US Department of Justice (DoJ) had launched a criminal investigation, while other regulators are running civil investigations.

The bank also estimated a possible loss of up to 5.9 billion dollars in wake of the legal proceedings.

JP Morgan stated in a filing with the Securities and Exchange Commission (SEC) on Monday that it was lending full co-operation to the authorities and was involved in discussions that intended to resolve their respective investigations.

Maruti launches new variant of Alto with automatic transmission

maruti alto k10 automatic gearNew Delhi, Nov 3 : Maruti Suzuki on Monday unveiled a new version of its entry-level model Alto with automatic gear shift technology, a feature usually reserved for pricier cars in the market.

Cars with automatic transmission have the potential to be popular in a India due to poor condition of roads and traffic snarl-ups. Priced at Rs. 380,187, Alto K10 is the cheapest car with automatic gear shift.

Managing Director and Chief Executive Officer (CEO) of Maruti Suzuki India (MSI), Kenichi Ayukawa, said Alto K10 is the company's bestselling brand in Indian markets.

Emirates says ending FIFA's sponsorship over not meeting 'expectations'

EmiratesWellington, Nov 04 - The world football governing body suffered a major blow as Airline Emirates announced on Monday that it was ending its sponsorship of FIFA in light of the body's ongoing investigation to check if there was corruption in the bidding process for the next two World Cups.

The Dubai-based airline said in a statement that Emirates could confirm that a decision has been made not to renew the sponsorship agreement with FIFA past 2014. They added that this decision was made following an evaluation of FIFA's contract proposal, which did not meet Emirates' expectations.

FIFA made no immediate comment regarding the same.

Amazon's diversity scorecard exposes massive gender inequality among workforce

AmazonWashington, Nov 01 : Amazon has released its own diversity scorecard exposing massive gender inequality among its workforce.

According to CNET, the Seattle-headquarted corporation's worldwide employee base is roughly 63 percent male and 37 percent female overall as of September 2014. Compared to some rivals down in Silicon Valley, that might not seem that bad.

However, when it comes to the leadership level, men make up 75 percent as against 25 percent females.

The company has apparently followed in the footsteps of companies like Apple, Twitter and Facebook that came up with their own stats breaking down gender and ethnicity demographics within their workforces.

Microsoft releases new Outlook for Mac

outlook-for-macWashington, Nov 01 : Microsoft has released a new Outlook for Mac before its designated time.

Mashable reports that Microsoft rolled out an updated version of Outlook for Mac for Office 365 users Friday and revealed new details about when the rest of its Office software will be available.

The company wrote in a blog post that this release offers a more familiar and consistent experience between Outlook on the PC, Outlook on the web and Outlook Web App (OWA) for iPad, iPhone and Android devices

The latest and redesigned version of Outlook offers improved scrolling and faster loading along with an improvised Exchange functionality. (ANI)

Burger King to launch in India with no beef on menu

Burger KingWashington, Nov 1 Burger King is set to open their first location in India in November with an entirely beef-free menu.

Burger King India, which has opted to drop beef and pork from its menu in order to respect the religious practices of the Hindus and Muslims that make up most of the country's population, will be offering Chicken Whopper, a Vegetable Whopper and a Mutton Whopper, Fox News reported.

However, after Burger King India announced the news on their official Facebook page, fast-food lovers in India slammed it for not offering beef and pork whoppers.

Samsung to reform smartphone product line post dire profit report

SamsungWashington, Oct 31 : Samsung has reported that its operating profit has come down 60 percent, and income from sales is down by 20 percent, leading the company to fundamentally reforming its smartphones.

This has all been down to Samsung's most lucrative and important mobile devices business, which has been struggling to adapt to a new competitive environment.

Senior VP Kim Hyun-joon expressed his intentions to fundamentally reform the product portfolio. Seeking greater cost efficiency, Samsung will look to standardize components used across devices and will continue to compete for each price tier.

LinkedIn's Q3 sales beat estimates with 568M dollar sales

LinkedInWashington, Oct 31 : LinkedIn reported its results for the third quarter of the year, beating the estimates on sales 568 million dollars, up 45 percent compared to a year ago and sales of 393 million dollars and non-GAAP earnings per share of 0.52 dollar.

The business-oriented social networking service also reported a wider net loss of 4.3 million dollars, against the net loss of 3.4 million dollars in Q3.

However, non-GAAP net income was 66 million dollars, versus 47 million dollars last year.

The company today has been trading a couple of percentage points higher than its opening price of $198.46 dollars per share in anticipation of strong earnings, the report said. (ANI)

Xiaomi becomes third largest smartphone maker in just three years

XiaomiWashington, Oct 31 : Xiaomi Corp has made it to the top-three smartphone making companies in just three years of launch, outselling rivals with low-budget smartphones packed with high-end features.

Xiaomi now holds the third position, following Apple at second place and Samsung leading the list.

Founder Lei Jun is expanding the Beijing-based company internationally by starting sales in India and Singapore as he targets 10 new markets. Xiaomi, which makes devices using a customized version of Google Inc's Android operating system, keeps costs down by selling directly to consumers online, Chinadaily reported.

Maruti Suzuki India Limited says car sales growth will be slow

Maruti SuzukiNew Delhi/Gurgaon, Oct. 31 - India's biggest carmaker Maruti Suzuki India Limited said on Thursday the growth in car sales will be slow in the second half of the year, dampening expectations of a rapid recovery in the country's automotive market .

Maruti, which sells almost one in every two cars in the country, beat analyst estimates with a near 29 per cent rise in its quarterly net profit on Thursday, thanks to a 15 percent jump in car sales during the six months to September 30.

Maruti's chairman, R.C. Bhargava, said sales momentum was now slowing, and growth over the 2014-2015 financial year would average out at about 10 percent.

CEO Tim Cook says Apple watch will have to be charged everyday

Tim CookLondon, Oct 29 : As the much-awaited Apple tech timepiece is set to launch next year, Apple CEO Tim Cook has revealed inadvertently that users may only get a day's use before needing to recharge it.

While trying to evade a discussion on Apple's new watch's battery life, Cook said that tech enthusiasts will use it so much that they will end up charging it daily. However, his statement has fuelled speculations about the gadget's battery life as it has been a key concern for the company ever since the watch was unveiled on September 9, reported The Daily Star.

Toyota ranked as 'most reliable' brand 8th time in a row!

ToyotaWashington, Oct 28 : Toyota has led the Consumer Reports' annual reliability rankings consecutively for the 8th time.

According to the survey, the company's Toyota and Lexus brands top the ranking, while its Scion brand is in the top ten, Fox News reported.

Jake Fisher, Consumer Reports' head of auto testing said that Toyota has a strategy that emphasizes reliability over excitement, as they take a conservative approach to redesign and roll out new features slowly.

Fisher added that the risk is they may not have the latest bells and whistles, but the reward is world class reliability. (ANI)

Fujifilm launches new 'instax' camera

FujiFilm-Hello-Kitty-InstaxTokyo, Oct 26 : Fujifilm launched its new instant camera on October 23, incorporating the charismatic icon "Hello Kitty".

The iconic Hello Kitty Instax is celebrating the 40 year anniversary of Hello Kitty and 80 years anniversary of Fujifilm. The figure of Instax resembles the face of Hello Kitty and this pretty figure will attract all Hello Kitty fans all over the world.

Fuji film is aiming to achieve sales target of Instax between 3 million to 3.5 million for the financial year. The use of Instax camera started from East Asian countries and spread to USA and Europe.

Google CEO names Sundar Pichai as new head of products

Sundar PichaiWashington, Oct 25 : Google CEO Larry Page has reportedly transferred leadership of all cores Google products over to Sundar Pichai, who was formerly head of Android and Chrome OS.

Pichai will serve as Senior Vice President of all Google products and will manage a number of divisions, including business and operations, access and energy, Nest, Calico, Google X, corporate development, legal, finance, and business, which includes ad sales, PC World reported.

YouTube is not included in the deal because CEO Susan Wojcicki will continue to run that division somewhat independently.

Nissan to recall 9,000 units of Micra, Sunny models in India

New Delhi - Japanese auto major Nissan is recalling 9,000 units of its compact car Micra and mid-sized sedan Sunny in India to replace defective airbags as part of a global recall.

The recall will cover cars manufactured between 2008 to 2012 that use safety airbags made by its supplier Takata.

"Nissan plans to begin notifying customers soon. Nissan dealers will replace the driver airbag inflator with a correctly manufactured part at no cost to the customers for parts or labour," a Nissan India spokesperson said.

The global recall of 2,60,000 units by the Japanese auto major affects models, including Note, March/Micra, Sunny/Almera/Versa, Patrol and Cube.

Microsoft Lumia to replace brand Nokia

Microsoft LumiaWashington, Oct 22 : Microsoft has reportedly declared that Microsoft Lumia is the new brand name that will replace Nokia as the software maker.

The change followed a slow transition from Nokia. com over to Microsoft's new mobile site, and Nokia France will be the first country to use the new moniker "Microsoft Lumia" for its Facebook, Twitter, and other social media accounts, reported The Verge.

Other countries will undergo the same transition in the coming weeks.

The report said that Nokia is not going to go away fully with Microsoft scrapping the brand and will continue to exist as a separate company without its phones business.

Apple issues security warning for iCloud after attack by Chinese hackers

Apple-iCloudJohannesburg, Oct 22 : Apple has reportedly issued a security warning for iCloud users amid reports of attacks by hackers on the online network.

The company acknowledged the attempted breach, saying that it was aware of "intermittent organized network attack" on its iCloud service.

According to News. com. au, the security warning follows a blog report by Greatfire. org, which monitors Chinese internet censorship, that says Beijing-backed hackers have been using "man-in-the-middle" attacks that dupe people into giving away their usernames and password and giving unauthorised access to their documents, photos and emails.

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