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April 18, 2014
 Business:
 ASIA | US | EUROPE
 updated 1330 IST
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Business  
Amazon set to enter smartphone market to take on Samsung, Apple
4/12/2014 12:13:00 AM

Washington, Ape 12 (ANI): Retail giant Amazon is reportedly set to expand their business with plans to enter the smartphone market.

The long-rumored device would bring Amazon into the highly competitive smartphone market currently dominated by Samsung and Apple.

Amazon may release its maiden smartphone later this year in a bid to stand out in the crowded market by including 3D technology.

Reports of an Amazon-branded smartphone have been circulating in the rumor mill for years;

Amazon set to acquire comic service Comixology by Q-2 of 2014
4/11/2014 2:09:00 PM

Washington, Apr 11 (ANI): Amazon will reportedly acquire Comixology, a leading digital comic service, in the second quarter of this year.

Comixology is an online store, which offers digital comic book comic books and graphics to a wide clientele.

Its app is available for Android, App store and windows based devices, Mashable reported.

David Naggar, VP of content acquisition and independent publishing at Amazon said that the company shares the same passion Comixology has for

Online ad revenues surpass broadcast TV for first time in US history
4/11/2014 2:09:00 PM

Washington, Apr 11 (ANI): Online ad revenue in the US has reportedly surpassed broadcast TV sales for the first time ever.

The internet ad revenue generated record revenues of $42.8 billion last year against 40.1 billion dollars generated by TV ads, according to the Interactive Advertising Bureau.

A 17 percent increase over 2012's results last year's number helped the online ad industry beat the 40.1 billion dollars in sales seen by traditional TV advertising, Cnet reported.

IAB

Google invests in Silicon Valley based robotics company Savioke
4/10/2014 4:31:00 PM

London, Apr 10 (ANI): Google is reportedly taking a stake in a Silicon Valley-based robotics company Savioke.

While the company is yet to launch its first product, it has attracted funds already.

According to the BBC News, Savioke's work may be under wraps, but it has announced plans to begin customer trials of a service industry-targeted machine this year.

Savioke chief executive, Steve Cousins, who previously helped launch the PR2 robot, said that the company has decided

Rick Osterloh appointed new COO of Motorola
4/10/2014 2:57:00 PM

Washington, Apr 10 (ANI): Motorola has reportedly appointed Rick Osterloh as the president and chief operating officer of the company that is soon to become a part of Lenovo.

The announcement comes as Motorola's former COO Dennis Woodside left the position to join Dropbox as COO, Cnet reported.

Liu Jun, executive vice president of Lenovo expressed that the company is pleased to hear that Osterloh will lead Motorola now.

Lenovo wants to transform itself from being known primarily

Dropbox opens up new business product to all users
4/10/2014 12:01:00 AM

Washington, Apr 10 (ANI): Dropbox has reportedly announced that it is now allowing all users to avail its updated enterprise-facing Dropbox for Business product.

While the updated service will provide users with two Dropbox buckets, one for personal and one for work, the company hints that users won't struggle to move between them, stating that users will be able to easily access both Dropboxes from any of their devices, Tech Crunch added.

Users will now be able to switch between

Facebook gets FTC go-ahead for WhatsApp acquisition deal
4/9/2014 2:30:00 PM

Washington, Apr. 9 (ANI): The Federal Trade Commission has given Facebook approval for the controversial acquisition of WhatsApp.

Sources said that the FTC was close to approving the 19 billion dollars deal or extend the merger review.

The social networking site had announced on February 19 that it was planning to acquire the mobile messaging service.

According to the New York Post, the FTC had 30 days to decide over Facebook's acquisition after the site submitted its merger

Amazon claims its now the third largest video site
4/9/2014 2:30:00 PM

Washington, Apr. 9 (ANI): Amazon has claimed its Instant Video streaming platform is now the third most popular of its kind in the US.

Amazon cited a report from Qwilt, a company that tracks growth in online video usage

According to the Verge, Amazon said the Prime video streams have nearly tripled year over year.

It added that the Instant Video is now the third largest video site overall, behind Netflix and YouTube.

If correct, that would mean that Amazon has jumped

China approves Microsoft's $7.2 bln deal to buy Nokia's device business
4/9/2014 2:30:00 PM

Washington, Apr 9 (ANI): China has shown green signal to Nokia's planned sale of its device business to Microsoft.

Following the approval, the 7.3 billion dollar deal would ahead.

Nokia said that it has received regulatory approval from the Ministry of Commerce of the People's Republic of China.

According to TechCrunch, Microsoft released a statement, which reveals that the Chinese Ministry of Commerce did have some concerns about how its patent licensing practices might

Apple seeks over $2 bln for patent infringement from Samsung
4/9/2014 11:53:00 AM

Washington, Apr. 9 (ANI): Samsung should pay about 2.191 billion dollars in damages to Apple for patent infringement, an expert for the iPhone maker has argued.

Apple earlier said it wanted about two billion dollars, but the testimony marks the first time the precise total and the factors that went into the calculation have been revealed.

According to CNET, Christopher Vellturo, an economist and principal at consultancy Quantitative Economic Solutions, said he reached the 2.191 billion

Rare Ming Dynasty 'holy grail' cup sold for record $36m
4/9/2014 12:25:00 AM

Johannesburg, April 9 (ANI): A rare Ming Dynasty cup, which has been touted as China's holy grail has been sold for a whopping 36m dollars at an auction.

The dainty 15th century white cup measures just 8cm in diameter and is known as a chicken cup because it's decorated with a rooster and hen tending to their chicks, News 24 reported.

Auction house Sotheby's describes the cup as having flawless translucent sides with its lively scene painted continuously around its sides,

KTM 2014 to project Kerala as ideal destination for weddings, honeymoon, MICE tourism
4/8/2014 1:47:00 PM

New Delhi, Apr.8 (ANI): God's Own Country-Kerala-will host India's largest tourism-related buyers-sellers mart in September this year, with the objective of raising the state's market share in tourism by an additional Rs.5000 crores.

Revealing this, Abraham George, President of Kerala Travel Mart 2014 (KTM 2014) and Managing Director of Insight Tours and Travels, said the eighth edition of KTM would be held between September 18 and 20 at the Samudrika Convention Centre of the

India named 'second-most powerful nation' in world by economic group
4/8/2014 11:19:00 AM

Washington, Apr. 8 (ANI): When it comes to competing on the world market, India is the second-most powerful nation, a group that tracks nations' abilities on the economic front has revealed.

The 'world market power' index was issued by the group, the multinational Spanish banking outfit Banco Bilbao Vizcaya Argentaria, as part of its research project on Emerging and Growth-Leading Economies.

According to the Washington Times, China topped the list of can-do nation followed

World Bank trims growth forecast for China, East Asia
4/8/2014 11:19:00 AM

London, Apr. 8 (ANI): The World Bank has slightly cut its 2014 growth forecast for China and East Asia.

The world lender, citing a 'bumpy start to the year, now expects the Chinese economy to grow by 7.6 percent in 2014, down from its earlier projection of 7.7 percent.

The bank said it also expected the developing East Asia Pacific region to grow by 7.1 percent in 2014, slightly lower than its earlier projection of 7.2 percent.

However, the bank said recent reforms unveiled

HTC expects to post loss in first quarter of 2014
4/8/2014 12:26:00 AM

Washington, Apr 8 (ANI): The Taiwanese phone company, HTC is reportedly seen to be facing a loss of nearly 62 million Taiwanese dollars in the first 3 months of 2014.

According to The Verge, Investors were already warned about a steep towards loss but even the predictors were not expecting this much loss.

HTC didn't make any release in the beginning months of the year.

The company is expecting to revive with 2014's first release, the latest addition of HTC One and Desire

CII concerned about misleading reports portraying Indian drugs and devices regulators in poor light
4/7/2014 8:58:00 PM

New Delhi, Apr.7 (ANI): The Confederation of Indian Industry (CII) Medical Technology division, Chairman, Pavan Choudary on Monday expressed concern about the recent misleading reports in certain sections of the media portraying Indian Drugs and Devices Regulators in poor light.

He termed this is as unfortunate and hence he wished to condemn such reports.

We believe that the Indian Drugs and Devices regulatory agencies are truly doing a commendable job by effectively monitoring

Sun Pharma to acquire Ranbaxy for USD four billion in all stock transaction
4/7/2014 1:18:00 PM

Mumbai, Apr. 7 (ANI): Sun Pharmaceutical Industries Ltd. and Ranbaxy Laboratories Ltd has announced that they have entered into definitive agreements pursuant to which Sun Pharma will acquire 100 per cent of Ranbaxy in an all-stock transaction.

Under these agreements, Ranbaxy shareholders will receive 0.8 share of Sun Pharma for each share of Ranbaxy. This exchange ratio represents an implied value of 騡 for each Ranbaxy share, a premium of 18% to Ranbaxy's 30-day volume-weighted

Nigeria becomes biggest economy in South Africa
4/7/2014 11:15:00 AM

London, Apr. 7 (ANI): Nigeria has become South Africa's biggest economy, after the government announced a long-overdue rebasing of the country's gross domestic product.

The country's GDP now includes previously uncounted industries like telecoms, information technology, music, online sales, airlines and film production.

According to the BBC, the Nigerian statistics offices said that the country's GDP for 2013 totalled 509.9 billion dollars, that compares with South Africa's

Apple document says 'consumers want what we don't have'
4/6/2014 4:45:00 PM

Washington, Apr 6 (ANI): Apple's internal documents that were presented in a court have reportedly revealed that the company is concerned about the declining iPhone sales.

Apple has been struggling to keep up with Android phones while determining ways to keep iPhone sales up.

According to The Verge, Pages from a 2014 planning document last April, shown during a cross-examination of Apple's marketing chief Phil Schiller, noted that smartphone growth rates were declining.

The

Steve Jobs email reveals grand 'Apple TV' ambitions
4/6/2014 2:17:00 PM

Washington, Apr 6 (ANI): A new email correspondence between Steve Jobs and top executives has revealed that the Apple co-founder had grand ambitions when it came to the future of Apple TV.

In a 2010 email that goes over the topics for the top 100 - a secret meeting Apple has each year with its top employees to discuss strategy for the coming year - there's mention of Apple TV 2, The Verge reported.

Apple's marketing chief Phil Schiller, in his testimony in a San Jose court,

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