Nokia Siemens Network(NSN) is planning to fire almost 17000 employees worldwide, that becomes nearly 23 percent of its total workforce, in order to cut its costs by € 1 Billion (one billion Euros). The finnish based – Nokia – and German Multinational company – Siemens – have been working together as a Joint Venture since [...]
Continue reading...Radu Tyrsina, 11. November 2011
In the next three years, giant retailer Amazon will invest $100 million (Rs 500 crore) for the development of its facilities in Indian City, Hyderabad. The project will provide work for more than 3,000 people, according to Provincial Government of Andhra Pradesh. Alootechie.com reports that John Schoettler, Amazon’s Vice-President, has met recently with Ponnala Lakshmaiah, [...]
Continue reading...Cameron Rawson, 8. November 2011
The increasingly popular San Francisco based mobile payment start-up, Square has just announced an incredibly well known, and very wealthy backer. He’s called, Richard Branson – you’ve probably heard of him. Branson has gone at it himself. He’s not working with any other investors, he’s invested alone, “multimillions” – which, even if only 2 million [...]
Continue reading...Danish Mughal, 29. October 2011
Apple Inc has reportedly bought a 3d mapping company named C3 that has the technology to make killer 3d maps, reports 9to5mac. Apple has been working on its own mapping service for quite long and doesn’t really like that its competitor Google gives ‘directions’ to its consumers on its own Apple iOS devices like iPhone [...]
Continue reading...Danish Mughal, 27. October 2011
This Wednesday, the cellular company Sprint finally talked about its deal with Apple and that it has entered into a 4 year long contract to sell iPhones and the said deal is valued around $15.5 Billion. Sprint which is the third largest cellular network in US, is expecting to gain long term benefits and results [...]
Continue reading...Cameron Rawson, 2. October 2011
Twitvid, the Twitter video host has raised $6.5 million in a Series B funding led by Azure Capital Partners, existing investor Draper Fisher Jurvetson also aided the series of funding. The money, according to a press release will be spent on hiring addition people and to build its infrastructure. Since Twitter rose to what it [...]
Continue reading...Danish Mughal, 28. September 2011
Google has decided to further its green assets. Google has recently invested $75 million in Clean Power Ventures, an eco-friendly company that makes solar panels for households and businesses. Clean Power Ventures, in the past, licensed its proprietary software to solar panel installers. Clean Power Ventures has now came up with a new (lets call [...]
Continue reading...Danish Mughal, 24. August 2011
China becomes the World’s Biggest PC market after surpassing the US in both PC Sales and shipments in the second quarter of the year, reveals a new research done by a marketing firm International Data Corp.(IDC) China for the first time in history has reached the milestone of becoming the World’s biggest personal computer market. [...]
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Danish Mughal, 27. November 2011
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