Tag Archives: as

Microsoft Lays Off ‘Dozens’ as It Cuts Costs in Mobile Division: Report

Microsoft is reportedly laying off many of its employees related to its mobile division in multiple countries including Finland, in an attempt to cut costs. The report comes courtesy Finnish publication Helsigin Sanomat, which says that dozens of employees have been let go from the company. The report claims that the company is handing out pink slips to employees in ... Read More »

Alcatel OneTouch Idol 4S Retail Box to Double as Cardboard VR Headset: Report

Alcatel is seemingly planning a major push to the nascent virtual reality technology category. The joint venture with France’s Alcatel-Lucent plans to make use of the retail box which would ship with its upcoming Android handset OneTouch Idol 4S as a VR headset, according to a report. Alcatel has found a good use for the retail box that you usually ... Read More »

PSU Banks Book Highest Ever Loss as Bad Loans Mount

New Delhi: Hit hard by mounting non-performing assets (NPAs) or bad loans, many leading public sector banks, including Bank of Baroda, Bank of India and IDBI Bank, reported their highest ever quarterly losses aggregating to over Rs. 12,000 crore, while others like State Bank of India (SBI) and Punjab National Bank (PNB) witnessed sharp erosion in profits. Bank of Baroda ... Read More »

Samsung Patent Tips Future S Pen Stylus Doubling as a Kickstand

A new patent granted to Samsung by the US Patent & Trademark Office (USPTO) suggests that the South Korean tech firm might make its future S Pen stylus work as a kickstand for smartphones. The South Korean tech giant filed the patent back in Q3 2015. The schematics in the patent, shared by Patently Mobile website, suggests that users will ... Read More »

Twitter Woes Deepen as User Base Fails to Grow

Twitter’s woes deepened Wednesday as the struggling messaging platform said it failed to add users in the past quarter, adding to concerns it is lagging in the fast-moving world of social networks. The San Francisco group said its base of monthly active users was 320 million at the end of last year, unchanged from the previous quarter. And excluding those ... Read More »

Nifty Slumps to Lowest in 20 Months as Banking Stocks Bleed

The 50-share blue-chip Nifty index closed at over 20-month low on Wednesday as investors dumped shares of state-run banks. The Nifty PSU Bank – the index of state-run banks – crashed 5.4 per cent today as compared to 1.1 per cent fall in the broader Nifty. The Sensex logged its third straight triple-digit loss and ended at 23,759. Here are ... Read More »

Axis Bank Appoints V Srinivasan as Deputy MD

New Delhi: Private lender Axis Bank on Tuesday said it has appointed V Srinivasan as deputy managing director of the bank. The bank has received approval from RBI for re designation of V Srinivasan as the deputy managing director for three years, with effect from December 21, 2015, Axis Bank said in a statement. Prior to this, he was executive ... Read More »

Gold Discounts in India Hit Record Highs as Demand Falters

Mumbai: Indian gold traders say they are struggling to draw buyers despite offering record discounts over rallying international prices, as consumers wait to see if rates can fall further after the federal budget this month. The bullion industry expects the government to cut the record 10 percent import duty on gold in the annual budget for 2016/17 that will be ... Read More »

Apple’s CloudKit Gets Server-Side API; Positioned as Parse Alternative

Apple has expanded the capabilities of its CloudKit development service, alongside its server-side API and a component of iCloud to add support for server-to-server Web service requests. Prior to the announcement, developers could not make much use of CloudKit as the backend. Announced at the WWDC 2014 developer conference, CloudKit provides developers with a range of features including asset storage ... Read More »