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Category Archives: Economic

BlackBerry ‘KEYone’: Android-QWERTY experience adds to the nostalgia

New Delhi: BlackBerry devices, initially manufactured by Canada-based Research In Motion (RIM), slipped into oblivion as iPhones and Android smartphones eclipsed the QWERTY handsets that were once a style statement with corporates. To make a comeback, the company has been experimenting with models like BlackBerry ‘DTEK 60’, ‘DTEK 50’, ‘Priv’, ‘Passport’ and ‘Leap’, etc. But none…

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Infosys buyback priced at Rs 1,150 per share

  Bengaluru: Global software major Infosys Ltd on Saturday announced it buy back 11.3 crore shares of Rs 5 face value at Rs 1,150 per share via a tender offer. “The Board has approved a proposal to buy back 11.3 crore equity shares of Rs 5 face value from the shareholders at a price of Rs…

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Steel consumption up 3.7% in July

  Kolkata: India’s steel consumption in July rose by 3.7 per cent to 6.905 million tonnes (mt) over corresponding month last year and exports in the last month grew by 64 per cent, the Steel Ministry’s latest report said on Saturday. “Overall consumption in July at 6.905 mt was down by 4.2 per cent over June…

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Narayana Murthy’s ‘continuous assault’ reason for Sikka quitting, says Infosys Board

  Bengaluru: The Board of global software major Infosys Ltd on Friday blamed its founder N.R. Narayana Murthy for the sudden and dramatic resignation of Chief Executive and Managing Director Vishal Sikka. “Murthy’s continuous assault, including his latest letter, is the primary reason for the resignation of Sikka despite strong Board support,” said the IT major…

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Xiaomi Mi Max 2: Affordable phablet for content consumption 

New Delhi: After launching three smartphones in India till May this year, Chinese technology giant has unveiled the upgraded version of its last year’s phablet ‘Mi Max’. Much like its predecessor, ‘Xiaomi Mi Max 2’ has a 6.44 screen but a bigger battery. Playing its cards on the slimmer design and a massive 5,300mAh battery, Xiaomi…

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Over 100 minors killed in Sierra Leone floods, mudslides

  Nairobi: At least 109 children were among the more than 300 people who were killed in the deadly floods and mudslides that swept through Sierra Leone earlier in the week, a UN agency said. The number could grow as search and rescue operations are ongoing and over 600 people remain missing, after heavy rainfall caused…

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Key Indian equity indices trade lower in early session

  Mumbai: The key Indian equity market indices opened in red on Friday following global cues. The 30-scrip Sensitive Index (Sensex) was trading 209.12 points or 0.66 per cent lower during the early session. The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading 62.60 points or 0.63 per cent lower at 9,841.55…

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Facebook allows advertisers to buy in-stream ads

  New York: In a bid to give advertisers more flexibility and control to buy video ads to meet their target audience, Facebook has introduced an option to deliver ads on in-stream placements in videos on the social networking platform. The move also gives advertisers an option to specify whether they would like their in-stream ads…

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Vishal Sikka quits as Infosys CEO, MD 

  Bengaluru: Vishal Sikka on Friday resigned as the Chief Executive Officer (CEO) and Managing Director of global software major Infosys Ltd, the company announced. “The Board of Directors has accepted the resignation of Vishal Sikka as the Managing Director and Chief Executive Officer with immediate effect at its meeting held on Friday,” said the IT…

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