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April 23, 2014
 Business:
 ASIA | US | EUROPE
 updated 1330 IST
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Business  
CII feels that Reserve Bank should have announced cut in policy rates
4/1/2014 4:34:00 PM

New Delhi, Apr.1 (ANI): Confederation of Indian Industry (CII) Director General Chandrajit Banerjee on Tuesday said the Reserve Bank of India (RBI) in a quest towards maintaining a fine balance between growth and inflation, has announced a status quo in policy rates which is as per market expectations.

Commenting on the first bimonthly monetary policy statement released by the RBI earlier today, Banerjee said, However, at a time when growth impulses remain weak and WPI inflation has been

Yahoo in talks to acquire online video service NDN in $300mln deal
4/1/2014 3:12:00 PM

Washington, Apr. 1 (ANI): Yahoo is in preliminary talks to acquire online video service News Distribution Network for 300 million dollars.

The service was founded in 2007 and syndicates video clips to newspapers' and outlets' web sites in content areas like news, politics and sports.

According to CNET, Yahoo CEO Marissa Mayer has been investing heavily in online content-snapping up talent like anchor Katie Couric and former New York Times columnist David Pogue to run news properties

Blackberry will continue incurring losses for next two years, says analyst
4/1/2014 3:12:00 PM

Washington, April 1 (ANI): Blackberry may incur continual quarterly losses for at least another two years, according to a Canaccord Genuity analyst.

In a recently released investors note, Canaccord Genuity's Michael Walkley said that while he was impressed with Blackberry's cost-cutting moves, he did not think that the management's long-term initiatives would help it maintain a profitable business.

According to Cnet, the company's financials may start to improve following

Twitter boosts TV strategy, buys Mesagraph, SecondSync
4/1/2014 1:33:00 PM

Washington, April 1 (ANI): Social network Twitter is reported to have purchased European social analytics companies Mesagraph and SecondSync as it prepares to direct its TV vision to audiences outside the US.

While Twitter refrained from disclosing the terms of the deal, the company confirmed that it purchased both companies to tap into a deep talent pool.

According to Cnet, while Paris-based Mesagraph provides analytics to TV broadcasters in France on how their audiences digitally

RBI keeps key policy rates unchanged; pegs growth for 2014-15 at 5.5% (Update:RBI)
4/1/2014 1:03:00 PM

Mumbai, Apr 1 (ANI): The Reserve Bank of India (RBI) today kept the repo rate unchanged at 8 per cent and pegged 2014-15 GDP growth at a central estimate of 5.5 per cent.

It has also kept the cash reserve ratio (CRR) unchanged at 4.0 per cent.

Announcing the Annual Monetary Policy for 2014-15 here, RBI Governor Raghuram Rajan said the growth rate for 2014-15 will be 5.5 per cent.

On inflation, Rajan said he sees retail inflation softening in 2014 to under 6 percent.

Excluding

RBI keeps repo rate unchanged at 8% in monetary policy review
4/1/2014 12:21:00 AM

Mumbai, Apr 1 (ANI): The Reserve Bank of India (RBI) on Tuesday kept its key policy interest rate unchanged at eight percent.

Announcing the Annual Monetary Policy for 2014-15 here, Governor Raghuram Rajan said the growth rate for 2014-15 will be 5.5 per cent, while retail inflation is expected to be under 6 per cent during 2014.

Current account deficit is expected to come down to 2 per cent of GDP in 2013-14, he said. (ANI)

Facebook CEO Mark Zuckerberg's base salary fell to $1 in 2013
4/1/2014 12:21:00 AM

Washington, April 1 (ANI): Mark Zuckerberg, the CEO and co-founder of Facebook reportedly earned 651,165 dollars in 2013, down from 2 million dollars in previous year.

Zuckerberg's compensation went down by 67 percent as he took a mere 1 dollar in base salary against 503,205 dollars a year before.

According to Hollywood Reporter, Zuckerberg made 3.3 billion dollars by exercising stock options, but those gains aren't considered part of his 2013 compensation.

The Facebook

ZTE corp's sales to surge owing to 'First lady effect'?
3/31/2014 7:21:00 PM

Beijing, March 31 (ANI): China's fourth largest cellphone maker ZTE Corp could reportedly enjoy an unexpected surge in sales owing to first lady Peng Liyuan.

Peng was seen taking pictures with the Nubia Z5 Mini handset during Chinese president Xi Jinping's ongoing trip through Europe.

According to China Daily, ZTE published a post on its micro blog saying China Dream starts from 'Made-in-China', soon after Peng's pictures with the device went viral on the Intenet.

It

Windows executive Antoine Leblond quitting Microsoft after 25 years
3/31/2014 6:12:00 PM

Washington, March 31 (ANI): Windows executive Antoine Leblond is reportedly quitting Microsoft.

A spokesperson for Microsoft has confirmed Leblond's exit from the software giant.

According to Tech Crunch, Re/Code has cited an internal email from Leblond in which he announces his departure.

Leblond wrote in the email that after almost 25 years, he decided it's time for him

to go out and see what the non-Microsoft world has to offer and said that he will never look

Independent newspaper could be sold at 'the right price', says owner
3/31/2014 5:44:00 PM

London, March 31 (ANI): Independent owner Evgeny Lebedev has reportedly said that the newspaper could be for sale if he is offered the right price.

However, he was quick to add that he was not actively trying to sell it.

According to the BBC, Lebedev, also the owner of the London Evening Standard and the Independent's sister newspaper, i, is launching London Live, a 24-hour television network dedicated to news, entertainment and culture in the capital.

He said that together

US court grants Blackberry preliminary injunction against Typo iPhone keyboard
3/31/2014 5:44:00 PM

Washington, March 31 (ANI): A US district judge in San Francisco has reportedly granted Blackberry a preliminary injunction, imposing a temporary sales ban against the 99 dollars Typo that grafts a physical keyboard onto an iPhone.

Blackberry has filed a lawsuit against Typo, founded by chief executive Laurence Hallier and TV personality Ryan Seacrest, saying that the iPhone cases' beveled-key keyboard is a blatant infringement against BlackBerry's iconic keyboard.

According

Apple, Samsung to renew smartphone, tablet patent war in court
3/31/2014 2:36:00 PM

Washington, March 31 (ANI): Apple and Samsung are reportedly gearing up for another patent war round as both companies plan on returning to the federal court in the heart of Silicon Valley.

The two tech giants are renewing their battle over smartphone and tablet patents.

According to News 24, the rivals will face off once again before District Court Judge Lucy Koh in the California city of San Jose.

Intellectual property analyst Florian Mueller said that the parties tried hard

Texas-based gun company allows customers to purchase fire arms using bitcoin
3/31/2014 2:36:00 PM

Washington, March 31 (ANI): Texas-based gun company, Tracking Point, has reportedly announced that it is now allowing customers to buy firearms using bitcoin.

TrackingPoint Vice President Oren Schauble said that buyers would be required to undergo background checks before purchasing any firearms.

The rifles are priced beginning at 9,995 dollars which would cost around 22 bitcoins, based off the current exchange rate.

According to Fox News, the Austin company is collaborating

John Carmack says wasn't expecting Facebook to purchase Oculus
3/31/2014 12:24:00 AM

Washington, March 31 (ANI): Oculus CTO John Carmack has reportedly broken his silence over social network site Facebook's planned acquisition of Oculus.

Carmack, who joined the company last August, replied to a blog post by chiptune musician Peter Berkman saying that he wasn't expecting Facebook to purchase the company.

The legendary game developer said that he wasn't personally involved in any of the negotiations, the Verge reported.

Carmack said that he spent an

Yahoo to lure YouTube stars for own competing service
3/30/2014 11:00:00 AM

Washington, March 30 (ANI): Yahoo is reportedly planning to rope in prominent YouTube stars and networks for its own competing service by offering them more money.

While video makers have been complaining about the money they are being paid by YouTube, Yahoo has seized the chance to raise the credence of its own service by offering YouTube stars big bucks.

According to the Verge, Yahoo hopes that offering better ad revenue, guaranteed ad rates, and increased marketing will peel some

Pakistan wants to maintain deep economic ties with India, Afghanistan: Sharif
3/30/2014 10:17:00 AM

Islamabad, Mar. 30 (ANI): Pakistan is keen on maintaining its economic relations with India and Afghanistan, Prime Minister Nawaz Sharif has said.

Sharif made the comments on Saturday while discussing his foreign policy priorities with the visiting managing director of World Bank (WB).

The premier's comments came at a time when, despite having a strong desire to normalize trade ties with India, the efforts appeared unsuccessful due to opposition by the military establishment,

Nadella wins praises for first public appearance as CEO
3/30/2014 12:03:00 AM

Washington, Mar. 30 (ANI): Microsoft's new CEO Satya Nadella's first public appearance was given a thumbs up by analysts, as the company unveiled Office for iPad.

Carolina Milanesi, strategic insight director of Kantar Worldpanel ComTech, said Nadella was very confident and a whole different character than Ballmer, much calmer.

According to PC World, Milanesi praised Nadella, saying he 'did a great job' in his opening remarks as he expounded on his 'mobile first, cloud

Blackberry's Q4 losses lower than market expectations
3/29/2014 11:51:00 AM

Washington, March 29 (ANI): Blackberry's fourth quarter results show that the company has reportedly incurred loss smaller than what analysts had predicted.

While Blackberry's shares plummeted by 6.63 percent in pre-market trading, the company's revenue dropped to 2.7 billion dollars from 3.2 billion dollars, taking a toll on the company's cash position.

According to Tech Crunch, Blackberry saw revenue drop from 64 percent from 2013 levels to 976 million dollars and this

BlackBerry CEO positive about turnaround strategy
3/29/2014 11:51:00 AM

Washington, March 29 (ANI): BlackBerry CEO John Chen is reportedly positive that the company will see a turnaround soon.

Referring to the reduced operating expenses, which were down by 51 percent against last year, Chen said that the company was getting back on track towards profitability.

According to the Verge, Chen is looking at the past for BlackBerry's next move, instead of being the forward thinker the company so desperately needs.

Meanwhile, Blackberry's fourth

PC shipments to sink, tablets surge in 2014: Study
3/28/2014 3:23:00 PM

Washington, Mar. 28 (ANI): The combined shipment of PCs, tablets and mobile phones will climb by seven percent in 2014.

Gartner, an American information technology research and advisory firm, said PCs sales will however continue to fall in 2014, as more consumers will buy mobile devices.

According to CNET, global shipments of personal computers will total 276.7 million in 2014, a 6.6 percent drop from last year.

However, tablet shipments will jump by 38.6 percent owing to

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