Foreign companies acquired majority stakes in 131 Indian companies during 2011, registering a 30-per cent rise in such transactions as compared to the previous year, according to a study by Venture…
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Which sport needs the fastest reaction time to survive on the field? Which sport does most damage to an athlete when it comes to impact? What does the perfect athlete look like? How do you figure o…
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In a Thursday statement, Nokia Oyj revealed that its fourth-quarter smartphone sales had surpassed the analysts’ estimates by nearly one million; with its quarterly sales touching 19.6 million smartphone units, including the November-released Lumia models. read more
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On the lines of the policies of its competitors like Facebook and MySpace, Google said on Thursday that it intends opening its Google+ social network to teenagers. The disclosure comes at a time when the need for special `teens online protections’ – especially on social networking sites – is being highlighted by a number of privacy advocates and lawmakers. read more
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In comparison to a $1.09 billion profit in the fourth quarter a year back, AT&T has posted a mammoth $6.7 billion fourth-quarter loss this time round, largely due to the breakup fees resulting from the failure of its proposed T-Mobile acquisition. While the analysts had expected AT&T to report a fourth-quarter profit of 43 cents per share during the quarter, the company’s profit – after discounting the charges that it had to undertake because of the $4 billion breakup fee – stood at 42 cents per share. The profit for the same quarter a year earlier was 55 cents per share. read more
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Japan’s NTT Communications Corporation (NTT Com) has signed an agreement to acquire 74-per cent stake in Mumbai-based managed IT hosting services provider Netmagic for an undisclosed sum. NT…
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In a formal request to the US Federal Communications Commission (FCC), AT&T and T-Mobile have sought the commission approval for the transfer of $1 billion in wireless spectrum which AT&T had promised to T-Mobile in case the proposed move to merge the two carriers failed to materialize. read more
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In what apparently is an indication of the fierce competition between Google and Facebook over personal data, the Internet search giant has brought on some strategic changes in its privacy policy, which has been streamlined across its multitude of services including search, email, video, and social networking sites. read more
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According to reports, with the aggressively-priced Amazon Kindle Fire having dominated the holiday season, it now appears that the device is through with its chance in terms of extraordinary sales; and that it’s time for the Apple iPad to rule the roost in the tablet arena yet again. In the opinion of Rob Walch, the host of Today in iOS, while Amazon went in for the kill with its Kindle Fire – which was apparently getting a pass with people in their reviews of the tablet at Christmas time – during the holidays, it is the iPad which is unstoppable now. read more
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Mergers and acquisition deals in the power sector registered a combined worth of $174.4 billion globally in 2011, a 16 per cent growth vis-a-vis the previous year, according to a report. The…
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