Taking aim at rivals like Apple Inc, BlackBerry-maker Research in Motion Ltd said on Tuesday that smartphone manufacturers must start developing less bandwidth-guzzling products or risk choking already congested airwaves.
As users abandon traditional cellphones for netbooks, wireless modems and feature-rich smartphones, like Apple's iPhone, wireless data traffic has exploded and is threatening to saturate network capacity, RIM co-CEO Mike Lazaridis said.
Wireless carriers, especially in congested North American urban centers, are already showing signs of stress, with dropped calls and slower data transfer speeds.
Wednesday, February 24, 2010
Sony Ericsson & Samsung introduces new Smart Phones to compete with the giants in the market
Samsung Electronics and Sony Ericsson unveiled their new top smartphone models on Sunday, both hoping to improve their positions in the more lucrative part of the phone market.
Samsung, the world No 2 handset maker, unveiled its flagship smartphone model Wave -- using a new touch screen technology and the first phone to use its bada operating system.
"Samsung's commitment to Bada is underlined by the fact that it is using it to power its flagship product for the show but it's going to be an uphill struggle to get the developer community on board," said Ben Wood, research director at CCS Insight.
Samsung, the world No 2 handset maker, unveiled its flagship smartphone model Wave -- using a new touch screen technology and the first phone to use its bada operating system.
"Samsung's commitment to Bada is underlined by the fact that it is using it to power its flagship product for the show but it's going to be an uphill struggle to get the developer community on board," said Ben Wood, research director at CCS Insight.
3 Cos in EU complains against Google in Antitrust regulators
European Union antitrust regulators said on Wednesday they were looking into complaints filed by three online companies against Google.
"The (European) Commission can confirm that it has received three complaints against Google which it is examining. The Commission has not opened a formal investigation for the time being," the EU executive said in a statement.
The Commission did not identify the companies.
Google said earlier on Wednesday that British price comparison site Foundem, French legal search engine ejustice.fr and Microsoft Corp- owned Ciao from Bing had complained to the Commission regarding its practices.
"The (European) Commission can confirm that it has received three complaints against Google which it is examining. The Commission has not opened a formal investigation for the time being," the EU executive said in a statement.
The Commission did not identify the companies.
Google said earlier on Wednesday that British price comparison site Foundem, French legal search engine ejustice.fr and Microsoft Corp- owned Ciao from Bing had complained to the Commission regarding its practices.
Pak army fired at us says BSF, Pak rangers denies the reports
Indian border guards said their troops came under fire from Pakistan on Wednesday, a day before the two nuclear-armed neighbours are set for the first official talks since the 2008 Mumbai attacks.
"The firing from across the border started early morning. A BSF (Border Security Force) personnel was injured," Vinod Sharma, a spokesman for the border guards, Reuters reports.
Pakistan denied any shooting by its troops.
"The firing from across the border started early morning. A BSF (Border Security Force) personnel was injured," Vinod Sharma, a spokesman for the border guards, Reuters reports.
Pakistan denied any shooting by its troops.
Akio Toyoda- Prez Toyota - to face probe in US on safety concerns in the products
The president of Toyota will face tough questioning from US politicians later as their probe into safety problems at the firm continues.
Akio Toyoda is to be quizzed on events that led to 8.5 million vehicles being recalled worldwide and how his firm responded to the public's concerns.
Mr Toyoda has already released opening remarks which admitted that the firm's expansion "may have been too quick".
The Congress committee has already been scathing of Toyota's US boss.
Akio Toyoda is to be quizzed on events that led to 8.5 million vehicles being recalled worldwide and how his firm responded to the public's concerns.
Mr Toyoda has already released opening remarks which admitted that the firm's expansion "may have been too quick".
The Congress committee has already been scathing of Toyota's US boss.
UP revokes ban on sugar import to check the rise of sugar price
Shares in sugar firms opened down more than 1 percent on Wednesday after media reported that the Uttar Pradesh government revoked a ban on imports of raw sugar, making available an additional 1 million tonnes of the sweetener in the open market.
The move will pressure sugar prices in the local market, hurting companies' realisations, traders said.
Economic Times and Financial Express newspapers reported on Wednesday that the northern state lifted the ban late on Tuesday to tame rising prices.
The move will pressure sugar prices in the local market, hurting companies' realisations, traders said.
Economic Times and Financial Express newspapers reported on Wednesday that the northern state lifted the ban late on Tuesday to tame rising prices.
Nemmeli desalination plant will be operational by Dec 2011-- Dy CM
The 100-MLD (million litres per day) capacity desalination plant at Nemmeli on East Coast Road will be commissioned by December 2011, Deputy Chief Minister M.K. Stalin said here on Tuesday.
Laying the foundation stone for the plant, he said many suburban areas en route to the site would benefit once the plant is commissioned. The Centre had released Rs.300 crore as the first instalment of the total grant of Rs.871.24 crore announced for the scheme.
The 40.05-acre site chosen for the plant was taken on a lease of 30 years by Chennai Metrowater.
Laying the foundation stone for the plant, he said many suburban areas en route to the site would benefit once the plant is commissioned. The Centre had released Rs.300 crore as the first instalment of the total grant of Rs.871.24 crore announced for the scheme.
The 40.05-acre site chosen for the plant was taken on a lease of 30 years by Chennai Metrowater.
Nemmeli desalination plant will be operational by Dec 2011-- Dy CM
The 100-MLD (million litres per day) capacity desalination plant at Nemmeli on East Coast Road will be commissioned by December 2011, Deputy Chief Minister M.K. Stalin said here on Tuesday.
Laying the foundation stone for the plant, he said many suburban areas en route to the site would benefit once the plant is commissioned. The Centre had released Rs.300 crore as the first instalment of the total grant of Rs.871.24 crore announced for the scheme.
The 40.05-acre site chosen for the plant was taken on a lease of 30 years by Chennai Metrowater.
Laying the foundation stone for the plant, he said many suburban areas en route to the site would benefit once the plant is commissioned. The Centre had released Rs.300 crore as the first instalment of the total grant of Rs.871.24 crore announced for the scheme.
The 40.05-acre site chosen for the plant was taken on a lease of 30 years by Chennai Metrowater.
American Towers confirms its deal to buy Essar Towers of India
Telecoms tower firm American Tower Corp is close to signing a deal to buy Essar Group's telecom towers in India for an enterprise value of $450 million, a person familiar with the deal said on Wednesday. "The deal is done. Total value is $450 million including some debt," the source said, adding an announcement could be made only after the companies sign formal documents.
The Economic Times on Wednesday reported the deal and said an announcement was likely later in the day. It said the valuation included $300 million in equity and assumption of $150 million of debt held by India-based Essar's tower business.
U.S.-based American Tower is spreading its wings in India and bought local tower firms Xcel Telecom and Transcend last year. The company currently owns about 2,000 tower sites in India, and more than 26,000 globally, according to its website.
The Economic Times on Wednesday reported the deal and said an announcement was likely later in the day. It said the valuation included $300 million in equity and assumption of $150 million of debt held by India-based Essar's tower business.
U.S.-based American Tower is spreading its wings in India and bought local tower firms Xcel Telecom and Transcend last year. The company currently owns about 2,000 tower sites in India, and more than 26,000 globally, according to its website.
Track record in Gwalior - a positive edge for Men in Blue
A narrow one-run win over the proteas in the first match of the series notwithstanding, the Indian team's morale would be high going into the second match today given their record at the Captain Roop Singh Stadium here.
The hosts have won seven out of the nine ODI's that they have played here including one against South Africa, when they trounced the visitors by 38 runs in a 45 over-match on November 12, 1991.
Despite the then skipper and now batting coach Kepler Wessels' valiant knock of 71, India tamed the proteas following half centuries by Kris Srikkanth (68), Navjot Singh Sidhu (61) and Sanjay Manjrekar (52). Batting maestro Sachin
Tendulkar could contribute only four runs in that match.
The hosts have won seven out of the nine ODI's that they have played here including one against South Africa, when they trounced the visitors by 38 runs in a 45 over-match on November 12, 1991.
Despite the then skipper and now batting coach Kepler Wessels' valiant knock of 71, India tamed the proteas following half centuries by Kris Srikkanth (68), Navjot Singh Sidhu (61) and Sanjay Manjrekar (52). Batting maestro Sachin
Tendulkar could contribute only four runs in that match.
Bihar & WB are the states always highlighted in Railway Budget.
Mamata Banerjee will be presenting her second Railway Budget on Wednesday.
No other ministry is as political as the Railway Ministry, for if one cannot give a train to his/her state and can not understand the art of distributing political largesse then that person cannot be the person heading the Rail Bhawan.
"Every single railway minister has sought to nurse his or her constituency," says political analyst Paranjoy Guha Thakurta.
For the past fifteen years it has been West Bengal and Bihar that have been showered by gifts in the form of new trains, stations and rail projects. The railway ministers are all strong regional players.
No other ministry is as political as the Railway Ministry, for if one cannot give a train to his/her state and can not understand the art of distributing political largesse then that person cannot be the person heading the Rail Bhawan.
"Every single railway minister has sought to nurse his or her constituency," says political analyst Paranjoy Guha Thakurta.
For the past fifteen years it has been West Bengal and Bihar that have been showered by gifts in the form of new trains, stations and rail projects. The railway ministers are all strong regional players.
Maoists in return send a mobile number Home ministry to contact them
Maoist leaders will respond to the Union Home Ministry by sending a fax about their 72-day ceasefire proposal on Wednesday.
The Ministry had on Tuesday released statement signed by Home Minister P Chidambaram which called for the Maoists to send a fax about their ceasefire offer.
"I would like a short, simple statement from Communist Party of India-Maoist (CPI-Maoists). I would like no ifs, no buts. They should send the fax to 011-23093155. Once we receive the fax, I'll consult the Prime Minister and other colleagues and respond promptly," Home Ministry Spokesperson Onkar Kedia read from the statement.
The Ministry had on Tuesday released statement signed by Home Minister P Chidambaram which called for the Maoists to send a fax about their ceasefire offer.
"I would like a short, simple statement from Communist Party of India-Maoist (CPI-Maoists). I would like no ifs, no buts. They should send the fax to 011-23093155. Once we receive the fax, I'll consult the Prime Minister and other colleagues and respond promptly," Home Ministry Spokesperson Onkar Kedia read from the statement.
Another Person abducted in Pak, demanding 10 million ransom
Even as Pakistan's Sikh community mourns the lost of 2 of its members, a Pakistani Hindu has now been abducted in Peshwar and a huge ransom demanded for his release.
Robin Singh, a computer engineer by profession was kidnapped by unknown persons from a market on Peshwar's University Road last Friday -- Singh was kidnapped while heading to the town of Nowshera for some work.
The kidnappers have demanded 10 million rupees from Singh's relatives. His brother, Rajan has registered a case at Peshawar's West Cantonment police station. In a statement issued yesterday, President Asif Ali Zardari condemned the kidnapping of Robin Singh.
Robin Singh, a computer engineer by profession was kidnapped by unknown persons from a market on Peshwar's University Road last Friday -- Singh was kidnapped while heading to the town of Nowshera for some work.
The kidnappers have demanded 10 million rupees from Singh's relatives. His brother, Rajan has registered a case at Peshawar's West Cantonment police station. In a statement issued yesterday, President Asif Ali Zardari condemned the kidnapping of Robin Singh.
Goa - party town to drug & rape town
Goa is emerging as a drug and sex destination, the state's apex commerce and industry lobbying group has said.
The Goa Chamber of Commerce and Industry (GCCI) has issued strict caution to the state government, asking it to shore up its act on tourism, in a pre budget note which was handed over to chief minister Digambar Kamat on Tuesday.
"Tourism in Goa of late is getting a bad name with Goa slowly emerging as a drug and sex destination," GCCI president Cesar Menezes said in the pre budget note. Lamenting the fact that Goa's top grossing industry was lying in shambles, Menezes said that much needed to be done on the tourism front to save the sector from doom.
The Goa Chamber of Commerce and Industry (GCCI) has issued strict caution to the state government, asking it to shore up its act on tourism, in a pre budget note which was handed over to chief minister Digambar Kamat on Tuesday.
"Tourism in Goa of late is getting a bad name with Goa slowly emerging as a drug and sex destination," GCCI president Cesar Menezes said in the pre budget note. Lamenting the fact that Goa's top grossing industry was lying in shambles, Menezes said that much needed to be done on the tourism front to save the sector from doom.
Tuesday, February 23, 2010
Aqua Logistics shares rose by 7% on the day of its listing in BSE
Shares of Aqua Logistics, a third party logistics provider, listed at 219.40 rupees on the BSE on Tuesday, a narrow discount to its issue price of 220 rupees a share, but rose as much as 6.5% in early trade.
The firm's shares listed at Rs 225 on the NSE.
The firm is raising about Rs 1.5 billion through the issue 6.87 million shares.
Saffron Capital Advisors and Centrum Capital were the managers to the issue.
At 9:02 am shares were trading at Rs 230.5 after hitting a high of 234.4 rupees on the BSE in a weak Mumbai market.
The firm's shares listed at Rs 225 on the NSE.
The firm is raising about Rs 1.5 billion through the issue 6.87 million shares.
Saffron Capital Advisors and Centrum Capital were the managers to the issue.
At 9:02 am shares were trading at Rs 230.5 after hitting a high of 234.4 rupees on the BSE in a weak Mumbai market.
Wipro employee alleged for $4million fraud in the company commits suicide
Anoop Agarwal, the employee allegedly responsible for a $4 million fraud at Wipro, is believed to have committed suicide.
"The employee committed suicide within 10 days of the incident coming to light", a Wipro source told on condition of anonymity.
There was, however, no official word from either the police or the company on how he died.
Agarwal had been working with the company for the past three years in the ‘controllership’ division within the finance department. This cell is responsible for keeping the company’s financial books and also has powers to authorise payments whenever needed. The employee is believed to have embezzled about $4 million by stealing a password and transferring money from Wipro’s account at a bank.
"The employee committed suicide within 10 days of the incident coming to light", a Wipro source told on condition of anonymity.
There was, however, no official word from either the police or the company on how he died.
Agarwal had been working with the company for the past three years in the ‘controllership’ division within the finance department. This cell is responsible for keeping the company’s financial books and also has powers to authorise payments whenever needed. The employee is believed to have embezzled about $4 million by stealing a password and transferring money from Wipro’s account at a bank.
Maruti to recall 1 Lakh AStar following problem in its Fuel tank
It is the Indian version of a recall that global automobile manufacturers are in the midst of. Maruti Suzuki, the country’s biggest car maker by sales, is replacing fuel pump gaskets of one of its small car, the A Star, following reports of anomalies in the fuel tank.
Approximately 1 lakh cars, manufactured during a certain time frame, will get new fuel pump gaskets and O rings. An e-mailed reply from the company spokesperson said the company came across this issue last November as part of a regular quality monitoring process.
Approximately 1 lakh cars, manufactured during a certain time frame, will get new fuel pump gaskets and O rings. An e-mailed reply from the company spokesperson said the company came across this issue last November as part of a regular quality monitoring process.
Credit Card related complaints increase by 26% in 08-09 -- RBI
The report said RBI has started taking ‘class action’ , by issuing general directions to all banks to protect their customers. Such general
directions are issued by the regulator in cases that could benefit not only the applicant, but all those customers similarly placed without having to approach their respective banks.
The report said RBI has initiated class action against a foreign bank regarding the mode of calculation of interest rates on deposit accounts. A PSU bank was advised to recalculate interest rate on all housing loans as per terms of agreement entered into with all the borrowers without their application for relief. Yet another PSU bank was asked to recredit insurance premium that was debited to savings bank account holders without their concurrence under the group insurance scheme.
directions are issued by the regulator in cases that could benefit not only the applicant, but all those customers similarly placed without having to approach their respective banks.
The report said RBI has initiated class action against a foreign bank regarding the mode of calculation of interest rates on deposit accounts. A PSU bank was advised to recalculate interest rate on all housing loans as per terms of agreement entered into with all the borrowers without their application for relief. Yet another PSU bank was asked to recredit insurance premium that was debited to savings bank account holders without their concurrence under the group insurance scheme.
Oil exploration in Falkland island begins amid Argentina's claims
A British rig has begun drilling for oil in the territorial waters of the Falkland Islands, despite strong opposition from Argentina.
The platform has been towed to a point 100km (62 miles) north of the UK territory in the South Atlantic.
Argentina claims sovereignty over what it calls the Islas Malvinas and has imposed shipping restrictions.
UK Defence Minister Bill Rammell said the government had a "legitimate right" to build an oil industry in its waters.
The platform has been towed to a point 100km (62 miles) north of the UK territory in the South Atlantic.
Argentina claims sovereignty over what it calls the Islas Malvinas and has imposed shipping restrictions.
UK Defence Minister Bill Rammell said the government had a "legitimate right" to build an oil industry in its waters.
Suicide attack in SWAT valley left 6 dead
A suicide attack on a military vehicle in the Swat Valley killed at least six people, including two soldiers, according to a Pakistani security official and local news outlets. The bomber, who the official said was on foot, attacked a vehicle in central Mingora, the Swat Valley’s main town. Dozens of people were reported to have been injured in the attack.
Subscribe to:
Posts (Atom)
