Company News

HTC Lays Off More Than 2,000 Jobs After Going Through The Hugest Quarterly Loss

HTC Lays Off More than 2,000 Jobs After Going Through the Hugest Quarterly Loss

HTC, the Taiwanese smartphone manufacturer, has decided to sack more than 2,000 people, which is about 15% of its workforce. This was declared by the company on Thursday. This announcement was made within a week of the firm’s posting about its biggest quarterly loss ever. HTC said that they lost business worth TWD 8 billion in the second quarter of 2015 as compared to a net profit of $ 2.26 billion during the same period in 2014. This loss has also affected the closing share price of the company that sank to the lowest in the last decade. On Thursday, the price fell further, closing at TWD 50.7, which is down by 7.82%.   HTC had to suffer this fate due to the surge in demand and sale of Apple, Samsung, Huawei and Lenovo products. The firm said that slashing jobs is part of a “business realignment” to stimulate growth. [+more]

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New India Boss Appointed By Rovio

New India Boss Appointed by Rovio

Anurag Sachdeva has been appointed the new Country Director for South Asia and India by Rovio, creator of Angry Bird. He used to be the Associate Director of Business Development for Southeast Asia and India in the same country. Sachdeva replaced Antti Orhling, who quit joining Jolla, an open market OS maker, as the CEO. It is true that Rovio has been present in India for more than two years but apart from its presence in events like Pocket Gamer Connects and Nasscom Game Developers Conference, there is nothing much to discuss the company. Rovio had announced in the past that it is making a cricket game with inputs from local developers but nothing of that sort has come out yet. Sachdeva has been assigned with the task of strengthening the presence of Rovio in this business sector along with managing telco relations for South East Asia. He would also [+more]

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Sundar Pichai To Lead Google- 5 Interesting Facts About The New CEO

Sundar Pichai to lead Google

A native of Chennai, Tamil Nadu in India, Sundar Pichai is now the new CEO of Google. While it is now known that Google will just concentrate only on the core businesses like search, Android, YouTube, apps, ads and maps, people all across the globe might be interested to learn about the new CEO.  Sundar Pichai- 5 things you may like to know Born on July 12, 1972, a bright student, Pichai completed his Metallurgical Engineering from IIT Kharagpur. Later he went to pursue MS from the prestigious Stanford University and then he entered Wharton School at Pennsylvania University for completing MBA. He started his term with Google in 2004 and was appointed as product management department’s vice-president. In the year 2008, he became the man to lead the launch of Google Chrome. Four year later, in 2012, he also received added responsibilities of monitoring Google Apps. Pichai was assigned [+more]

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Phicomm To Start Research And Development Unit In India

There seems to be some good news for the Indian market as Phicomm, an important mobile handset manufacturer of China has decided to establish a research and development unit in India. The company has plans to set up the unit by December 2015 after they finalize the location for the plant. Phicomm eyeing Indian market According to the reports, the company has shortlisted two locations, Bengaluru and Gurgaon. Yet, they expect to finalize the location by September after which they will invest a sum of Rs. 6.3 crore or $1 million. Not just that, in the long run Phicomm may also start a manufacturing unit in the country. However, for now, they will just concentrate on theme localization and software customization in the R&D unit they set up with around 50 employees. While speaking to the media, Jeffrey Fan, Phicomm’s President of Global Sales said that they consider India to [+more]

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Flipkart, Snapdeal Do Immense Business In 2015, Pin Hopes To Diwali Sale

flipkart backs out of airtel zero for net neutrality

Flipkart has reportedly sold 150 million products in 2015. The leading e-commerce giant has issued its profit statement for the first eight months of this year.  “We have witnessed a 150 percent growth in the number of products (units) sold as compared to 2014,” said the company said in a statement, reported NDTV. The maximum profit has come from sale of products including home, fashion, lifestyle and consume electronics. Customers situated in Coimbatore, Ahmedabad, New Delhi, Chennai and other big cities have done the maximum purchase. Flipkart owes its profit to the variety of products it offers. “This milestone is testimony to the scale we have built from our selection to technology platform to supply chain capabilities,” said platform head Mukesh Bansal. Meanwhile, another e-retail major, which has done immense business this year includes Snapdeal. It has reportedly shown a record jump of 222%, according to Live Mint. “Flipkart’s rival [+more]

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Intex Ropes in Mahesh Babu as the Face Of Its Mobile Phones

Intex plans to expand its smartphone market soon enough. In a recent statement, the Indian handset maker said that they plan to invest more than Rs. 300 crores towards their promotional campaign. They have hired South Indian actor Mahesh Babu as the face to promote their mobile phones. With all the advertising, they plan to double the revenue to Rs. 8000 crores. “The mobile phone vertical contributes about 75 to 80 percent to the overall revenues of the company. We are looking at around Rs. 300 crores investment in the overall brand. Out of which, 85 percent would be spent on mobile only,” said Intex director Keshav Bansal told NDTV. Intex Mahesh babu The company is known for rolling out affordable phones in the Indian market. Over the next few months, they plan to produce about 3.5 to 4 million handsets a month. Bansal is reportedly confident of achieving the [+more]

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Uber Valued At Around $51 billion

Uber Technologies Inc seems to have closed its new round of funding, which values the online taxi-hailing company at about $51 billion. The company has been able to raise about $1 billion and this brings their total funding to more than $5 billion. This has been reported by Wall Street Journal, citing sources in the know. Citing a source, Bloomberg suggests that Microsoft has considered this investment and Indian media conglomerate Bennett Coleman’s Times Internet is also investing. Uber spokeswoman Kristin Carvell said that they had filed for authorizing such a funding two months back but would not like to comment on any kind of speculation. In March 2015, Uber had said that Times Internet could invest “well under” $16 million as a part of their strategic partnership. Times Internet is the digital arm of the Bennett Coleman & Co. A day before news of the funding, Uber had announced [+more]

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Windows 10 Upgrade To Wipe Off Old Features

Windows 10 Secret menu to enhance user-friendliness and reduce time

Windows 10 upgrade will make some of the old features of OS inoperative. For starters, the Windows Media Center application will be defunct on Windows 10 and so will be the support for playing DVDs on your laptops or PCs.   Say Bye Bye To Hearts  Upgrading to Windows 10 will also mean that Hearts will no longer exist as part of the card games; however, you will get hands on updated versions of Minesweeper and Solitaire.  Sadly, the new OS also sweeps away the much-loved desktop gadgets that enriched your Windows 7/8 screens as they “could be exploited to harm your computer, access your computer’s files, show you objectionable content, or change their behaviour at any time.” Future updates for Windows 10 Home version will be automatically downloaded post-switch and there is no way you can tamper with it.

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