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April 17, 2014
 Business:
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 updated 1330 IST
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Business  
Washington Post expands free digital access to local papers
3/20/2014 3:40:00 PM

Washington, Mar. 20 (ANI): The Washington Post is set to offer free digital access to its news offerings.

The digital access will be given to subscribers of six newspapers in other parts of the US.

The Post announced that it was offering its digital news 'free as an added value for their subscribers', news 24 reports.

Participating newspapers will include the Dallas Morning News in Texas; Honolulu Star-Advertiser in Hawaii; Toledo Blade in Ohio; Minneapolis Star Tribune

Ibibo acquires online bus tracking Indian startup YourBus.in
3/20/2014 1:36:00 PM

Washington, March 20 (ANI): The ibiboGroup has reportedly acquired India based bus analytics startup YourBus.in.

The company, however, did not disclose the financial terms of the transaction.

A GPS-based bus tracking and analytics platform, YourBus.in provides real-time information to travelers and bus operators.

According to Tech Crunch, the group plans on integrating the YourBus platform with both its existing online travel properties, redBus.in and Goibibo.com, while the

Pakistan set to import 1,200 MW electricity from India
3/20/2014 11:37:00 AM

Islamabad, Mar. 20 (ANI): Pakistan is all set to import electricity from India, as the World Bank (WB) has offered to finance the move.

The move comes as the WB has offered to finance the feasibility study and transmission line to import 1,200 megawatts (MW) of power from India.

According to the Express Tribune, Pakistan has now sent the draft of the initial power trade deal to its eastern neighbour despite opposition from various quarters.

A senior government official said

World's largest James Bond car collection up for grabs at $33mln
3/19/2014 5:13:00 PM

Washington, March 19 (ANI): The largest collection of James Bond cars is up for sale for a whopping 33 million dollars.

The assortment of James Bond collection includes nearly 60 vehicles, most of which were used in the production of films, plus a few replicas and comprising the largest collection of everything James Bond, Fox News reported.

The collection features Sean Connery's DB5 from 'Goldeneye' and the DBS driven by George Lazenby's in 'On Her Majesty's Secret

USD 25 Billion: Retrofit Potential of Existing Buildings in India by 2025
3/19/2014 4:51:00 PM

New Delhi, Mar.19 (ANI): The Indian Green Building Council (IGBC) of CII, today organised the first edition of Conference on Green Existing Buildings at New Delhi.

D.Diptivilasa, Additional Secretary, Ministry of Urban Development (MoUD), Government of India in his Chief Guest address, emphasised the need to address environmental issues in a holistic manner.

He said that we need a strategy to make the Existing Buildings more sustainable and efficient. He lauded IGBC for launching

Economists say incentives needed to improve grain markets in India
3/19/2014 3:58:00 PM

New Delhi, March 19 (ANI): Even after the agricultural reforms of 2002-03, for wheat, rice, and pearl millet farmers in India, grain markets are still pretty sticky.

Two University of Illinois economists analyzed infrastructure of interstate trade for food-grain crops in three Indian states and found that grain farmers are unable to cash in on India's market reforms and take advantage of a price difference between two or more markets.

We wanted to see if there was more integration

Lenovo to continue acquiring companies for overall growth
3/19/2014 2:21:00 PM

Washington, March 19 (ANI): Lenovo's CEO Yang Yuanqing has reportedly said that the company will keep buying companies until it achieved an overall growth.

The Chinese PC giant recently purchased Motorola Mobility from Google for 2.91 billion dollars.

According to Tech Crunch, Lenovo also bought IBM's server business for 2.3 billion dollars, after Lenovo purchased IBM's personal computer division in 2005 for 1.25 billion dollars.

Meanwhile, the company reportedly sacked

Adobe's Q1 profits plummet as Creative Cloud subscriptions surpass half-million mark
3/19/2014 1:30:00 PM

Washington, March 19 (ANI): Despite a drop in net income, Adobe's fiscal first-quarter earnings and revenue has reportedly surpassed the company's expectations as it continues to receive cloud subscriptions.

Adobe's first quarter earnings is reported to be 47.05 million dollars, or 9 cents a share on revenue of 1 billion dollars.

According to Cnet, the company added 405,000 Creative Cloud subscriptions from a year ago and has annualized recurring revenue approaching 1 billion

Japanese companies use ICT to boost farming
3/19/2014 12:15:00 AM

Tokyo, Mar.19 (ANI): To give a fillip to farming, companies like Fujitsu are promoting research to bring in innovation through Information and Communication Technology or ICT.

In Japan's Shizuoka Prefecture, the company runs a project called Akisai, a cloud computing service, to support farming.

In this greenhouse, various types of environmental data are collected and an appropriate condition is automatically controlled from the computer centre.

Since climate change is a

Global music sales fall 4% in 2013: IFPI music report
3/19/2014 12:15:00 AM

Washington, March 19 (ANI): Global music sales reportedly declined by 4 percent in 2013, according to the IFPI's annual digital music report.

While Robin Thicke's Blurred Lines sold 14.8 million units, becoming the biggest single of 2013, it did not contribute enough to stop a global fall in music sales last year.

The IFPI's annual digital music report concluded that global music revenue tumbled 4 percent to 15 billion dollars in 2013, after it witnessed a sharp drop in

WhatsApp CEO says won't compromise user privacy for Facebook
3/18/2014 4:53:00 PM

Washington, March 18 (ANI): Following Facebook's Whatsapp acquisition, the messaging app company's CEO Jan Koum has reassured Whatsapp users that their privacy will not be compromised for the social network giant.

Koum wrote in his blog post that his hit messaging application will not bend to its soon-to-be overlords at Facebook.

According to Cnet, after the news of Facebook acquiring WhatsApp for 19 billion dollars broke out, Koum promised the app's 465 million monthly

Prolonged crisis in Ukraine could affect Indian pharma companies
3/18/2014 4:24:00 PM

New Delhi, Mar.18 (ANI): While recent developments in Ukraine have had no immediate impact on the businesses of leading Indian pharmaceutical companies based in Ukraine, it is felt that if the situation continues then it could have a bearing on the country's exchange rate that would make the landed cost of Indian pharmaceuticals higher.

This was brought out in a quick survey conducted by FICCI among representatives of leading Indian pharmaceutical companies based in the country.

Ukraine

NFL asks M.I.A to shell out $16.6mln for Super Bowl middle finger incident
3/18/2014 3:44:00 PM

Washington, Mar.18 (ANI): The National Football League wants M.I.A. to pay 16.6 million dollars for the Super Bowl middle finger incident.

The 38-year-old rapper famously took the stage at the Super Bowl XLVI halftime show in 2012, when she held out her middle finger to the crowd, the Huffington Post reported.

In new documents obtained by The Hollywood Reporter, NFL has now requested to the British artist to pay the massive amount since their image and reputation has been tarnished

Twitter says `no plans` to enter Chinese market (Update:Twitter...market)
3/18/2014 11:23:00 AM

Washington, Mar. 18 (ANI): Twitter has reportedly dismissed plans to enter the Chinese market, where the government strictly censors the Internet and the microblogging site is already blocked.

Twitter's spokesman said that the company has no plans to change anything about their service in order to enter the market.

The spokesman said that CEO Dick Costolo frequents the country to know more about the Chinese culture and the country's thriving technology sector, PC World reports.

According

Dorian Nakamoto 'unconditionally' denies being Bitcoin creator
3/18/2014 11:23:00 AM

Washington, Mar. 18 (ANI): The alleged Bitcoin creator Dorian Satoshi Nakamotohas has denied claims he is the creator of the virtual currency.

In a pointed statement, Nakamoto again emphatically denied any connection to the cryptocurrency.

According to the Verge, Nakamoto said he did not create, invent or otherwise work on Bitcoin.

According to the report, in his letter, Nakamoto reiterated that he had never even heard of Bitcoin until Newsweek reporter Leah McGrath Goodman

Twitter says 'no plans' to enter Chinese market
3/18/2014 10:58:00 AM

Washington, Mar. 18 (ANI): Twitter has reportedly dismissed plans to enter the Chinese market, where the government strictly censors the Internet and the microblogging site is already blocked.

Twitter's spokesman said that the company has no plans to change anything about their service in order to enter the market.

However, the spokesman said that CEO Dick Costolo frequents the country to know more about the Chinese culture and the country's thriving technology sector, PC World

ANA receives SKYTRAX's highest 5-Star rating
3/18/2014 12:58:00 AM

Tokyo, Mar.18 (ANI): ANA Group has been awarded 5-Stars for the second year in a row by SKYTRAX, the world's leading airline and airport review specialists.

Only four airlines earned a 5-Star SKYTRAX rating in 2014, and ANA is the only airline in Japan to receive this prestigious award.

The official SKYTRAX 5-Star Airline Ranking honors those airlines which are delivering consistent and inspired 5-Star service to their customers across a range of more than 800 categories of airport

India imports three times more arms than China, Pakistan: Study
3/18/2014 12:04:00 AM

Paris, Mar. 18 (ANI): India is the biggest buyer of arms in the world, a new study has found.

The developing nation imported nearly three times as many weapons as China and Pakistan over the last five years, a Swedish think tank said.

The total volume of arms sales was up 14 percent between 2009 and 2013 compared to the previous five years, the Stockholm International Peace Research Institute (SIPRI) revealed.

According to Dawn News, Indian imports of major weapons rose by

Reliance Jio to ride on 42,000 Viom Networks' towers
3/17/2014 5:59:00 PM

Mumbai, Mar.17 (ANI): Reliance Jio Infocomm Limited ('Reliance Jio') will be launching its services across India using telecom-tower infrastructure provided by Viom Networks.

Under a Master Services Agreement, Reliance Jio will use Viom Networks' Pan India Passive telecom infrastructure having a footprint of over 42,000 telecom towers.

This agreement is in line with our mission of a Pan India launch spanning next-generation voice and data services and leveraging existing

Alibaba to make IPO debut in US for $130bn valuation
3/17/2014 9:54:00 AM

Washington, Mar. 17 (ANI): China's e-commerce giant Alibaba has reportedly confirmed that it will make its IPO debut in the US to reach the valuation of 130 billion dollars.

The company said that a US IPO would make it a more global company and enhance the company's transparency.

According to Cnet, Alibaba, which controls nearly 80 percent of China's Internet shopping market, is expected to raise more than 15 billion dollars, which would directly challenge Facebook's

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