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Micromax Said Will Earn Money In India and Burn Money in China

4Jun By AnkitaNo Comments

BUSINESS

Micromax Said Will Earn Money In India and Burn Money in China

India’s home-grown mobile phone giant Micromax is looking east. Micromax Informatics has successfully seen off Chinese rivals on its home turf, which is now being hailed as the world’s most important smartphone market. But to realize its lofty ambition to be a top five global handset maker by 2020 the Gurgaon-based company will also need to sell in China. That’s exactly what Micromax plans to do, Co-Founder Vikas Jain revealed during an on-stage conversation at the RISE conference in Hong Kong. India’s smartphone market is rapidly catching up with its larger neighbour. Shipments grew 135 percent in the two years until December, five times the rate of growth in China, according to data from IDC. Micromax, which churns out over 30 new handset models a year and also makes tablets and tel...

25May By reutersNo Comments

News

Microsoft Will Cut off 1800 Jobs

Microsoft Corp said on Wednesday it will trim down its smartphone business by cutting 1,850 jobs, most of them in Finland, and write down $950 million from the operation. The U.S. company, which entered the phone business in 2014 by buying Finnish firm Nokia's handset unit, said it would "streamline" its smartphone business and close down its research and development site in Tampere, Finland. Microsoft said it will continue to develop Windows 10 Mobile platform and support its Lumia smartphones, but declined to say whether it would develop new phones. "We are focusing our phone efforts where we have differentiation," said chief executive Satya Nadella in a statement. We will continue to innovate across devices and on our cloud services across all mobile platforms." Earlier this ...

Nokia to Cut 10,000-15,000 Jobs Worldwide: Finnish Union

25May By reutersNo Comments

News

Nokia to Cut 10,000-15,000 Jobs Worldwide: Finnish Union

Nokia is likely to cut 10,000 to 15,000 jobs globally as part of a cost-cutting programme following its acquisition of Franco-American rival Alcatel-Lucent, a Finnish union representative said. Nokia kicked off the programme in April with a target to slash $1 billion of operating costs by 2018, but it has yet to give a figure for how many jobs will be reduced in total. "We haven't heard any official numbers, but based on the information from our union contacts, I would estimate the global impact of this round would likely be around 10,000 to 15,000 jobs," said Risto Lehtilahti, a trade union shop steward at Nokia's Oulu site. A Nokia spokeswoman declined to comment on the 10,000-15,000 figure. Nokia employs around 104,000 people worldwide. Last week the company specified its pl...

Apple Announced D&D Accelerator Center in Bengaluru, Zomato Founder said Excellent Opportunity

18May By AdityaNo Comments

News

Apple Announced D&D Accelerator Center in Bengaluru, Zomato Founder said Excellent Opportunity

Tech giant Apple on Wednesday announced a new initiative to support engineering talent and accelerate growth in India's iOS developer community. Apple CEO Tim Cook, who landed in India late on Tuesday said the company would establish a Design and Development Accelerator in Bengaluru, the home of India's startup scene. Tens of thousands of developers in India make apps for iOS, the world's most powerful mobile operating system and the foundation for iPhone, iPad and iPod touch. This initiative will provide additional, specialised support for them. Apple's team will work to inspire and instruct developers on best practices, help them hone their skills and transform the design, quality and performance of their apps on the iOS platform. "India is home to one of the most vibrant and e...

Four things to expect from upcoming Google I/O conference

16May By AnkitaNo Comments

Tech

Four things to expect from upcoming Google I/O conference

Internet giant Google's I/O (input/output and 'Innovation in the Open') conference is around the corner and developers around the world are awaiting to discover the latest version of the Android operating systems. Google may unveil a modular smartphone this year. According to reports, the tech giant is developing an environmental friendly and cost-effective smartphone with a customizable design, made up of various small blocks containing the different components (processor, memory, camera, speaker, 3G chip, etc.). The 'Nexus 6P' smartphone is expected to have great display, battery life and camera, the Verge reports. Secondly, Google is also expected to unveil virtual reality on similar lines of the Apple, Microsoft, Facebook and Samsung. The...

Micromax May Invest Rs 2,000 cr in Next 5-yr

15Apr By NitishNo Comments

BUSINESS

Micromax May Invest Rs 2,000 cr in Next 5-yr

Micromax, country's second-largest handset maker is likely to invest around Rs 2,000 crore in the next five years in manufacturing and new product lines, its co-founder Rajesh Agarwal said today. He said the company is expected to clock Rs 15,000 crore revenues during the current fiscal. It recorded Rs 12,000 crore revenues last year. "We are planning to manufacture accessories such as batteries, chargers here in the country. The backward integration will happen in a period of next five to six years. I think over next five to six years we will be investing Rs 2,000 crore on complete manufacturing activities," Agarwal told reporters here. The new manufacturing facility of Micromax was today inaugurated here by Telangana IT Minister K T Rama Rao in presence of state Transport Minister...

A New Smartphone App With Shakespearean Touch

7Apr By PriyankaNo Comments

Story

A New Smartphone App With Shakespearean Touch

To celebrate the 400th anniversary of the world famous playwright, a new smartphone app with Shakespearean touch using text messaging, was launched today. The app is called ShakeSpeak. ShakeSpeak has been developed by software company SwiftKey, best known for their language prediction app. By analysing the Complete Works of Shakespeare they developed an app that helps turn users text messages into Shakespearean prose by predicting the playwrights best known phrases. Swiftkeys app, which is available to download free of cost, allows the user to simply type the first word or two of a famous Shakespearean quote and the technology will do the rest. SwiftKeys Head of Partnerships Sarah Rowley said: "We are delighted to be combining the Bards works with our smartphone ke...

White House Declines To Support Encryption Legislation – Sources

7Apr By reutersNo Comments

USA

White House Declines To Support Encryption Legislation – Sources

The White House is declining to offer public support for draft legislation that would empower judges to require technology companies such as Apple Inc to help law enforcement crack encrypted data, sources familiar with the discussions said. The decision all but assures that the years-long political impasse over encryption will continue even in the wake of the high-profile effort by the Department of Justice to force Apple to break into an iPhone used by a gunman in last December's shootings in San Bernardino, California. President Obama suggested in remarks last month that he had come around to the view that law enforcement agencies needed to have a way to gain access to encrypted information on smartphones. But the administration remains deeply divided on the issue, the sources s...

15Mar By NitishNo Comments

INDIA

Chinese Smartphone Maker OnePlus To Make Phones in India, Partners With Foxconn

Chinese smartphone maker startup OnePlus will start manufacturing smartphones in India, by the end of this year. In the press statement company announced on Monday, "OnePlus has partnered with contract manufacturer Foxconn, and is the recent company to join the Indian government's ambitious 'Make in India' initiative." "Today is a big day for us. Producing smartphones in India is one of the most important decisions that we have made so far at OnePlus, and we are thankful to the Government of Andhra Pradesh and Foxconn for helping us make this happen. India being one of our biggest markets worldwide, we are committed to a long term sustainable growth path. This move will strengthen our presence and help us step up momentum in India," Pete Lau said. The company will start locally man...

5Mar By AdityaNo Comments

News

Adcom To Sue Ringing Bells

Domestic feature phone brand Advantage Computers' (Adcom) has said it may consider a legal action against Ringing Bells, the Noida-based start-up, which claimed to manufacture the world's cheapest smartphone. Adcom founder and chairman Sanjeev Bhatia said the manufacturer of Rs. 251 (less than USD 4) smartphone, distributed the Adcom handsets to the media during the launch last month. "We are deeply grieved by this incident where our mobile phone has been presented to masses for Rs.251, and therefore, would not hesitate from taking any legal actions against the company, in case the entire fiasco impacts Adcom's brand name or subsequently we face any other kind of losses," Bhatia said in a statement. "Yes, it is true that although we sold the handsets to Ringing Bells earlier, like we ...

Chinese Company LeEco Will Provide Mid Day Meals To Indian Childrens

23Feb By PriyankaNo Comments

News

Chinese Company LeEco Will Provide Mid Day Meals To Indian Childrens

In a gesture befitting a socially conscious corporate, LeEco, the internet and technology conglomerate has joined hands with Akshaya Patra to support a mid-day meal for two children for every Le Superphone sold (Le 1s and Le Max) on LeEco Day on February 25, 2016. The initiative is part of a program that helps Akshaya Patra feed over a million children, who have the zeal to learn and the potential to contribute to India's social and economic development. LeEco, which recently entered the Indian market has become consumers' favourite brand in a short span of time. Having created a flurry of industry records with its Le Superphones, the corporate's LeEco Day with its bounty of benefits and offers worth Rs. 8 crores, is touted as one of the largest and most attractive shopping carnivals...

An Indian Company Will Launch $7 Smartphone

16Feb By AnkitaNo Comments

Tech

An Indian Company Will Launch $7 Smartphone

As per the report of NDTV, local smartphone manufacturer Ringing Bells will launch an affordable smartphone called the Freedom 251 on Wednesday. The Freedom 251, will be known as India's cheapest smartphone and likely the most affordable smartphone in the world as per the price tag below Rs. 500 (approximately $7). Ringing Bells says that the smart mobile phone is in line with India Prime Minister Narendra Modi's vision to connect every Indian and enrich their lives. Ringing Bells made headlines earlier this month when it launched the Smart101, a 4G capable phone at a price point of Rs. 2,999 (approximately $44). It sports a 5-inch display, a 1.3GHz quad-core SoC, 1GB of RAM, and 8GB of inbuilt storage which can be expanded using a microSD card (32GB). (Source)