A U.S. jury ordered Apple Inc to pay the University of Wisconsin-Madison’s patent licensing arm more than $234 million in damages for incorporating its microchip…
TRAI asked telecom operators to compensate for call drops from Jan. 1
Telecom Regulatory Authority of Indian (TRAI) made it mandatory for mobile service providers (MSPs) to compensate consumers call drops with effect from 1 January 2016….
Tata Housing tied-up with Facebook to sell its affordable homes online
Real estate developer Tata Housing has tied-up with social networking firm Facebook to sell its affordable homes online. For this purpose, Tata Housing launched the…
The Volkswagen emissions scandal
German automobile giant Volkswagen has been recently in news on account of the emissions scandal. The Volkswagen emissions scandal began on 18 September 2015 when…
Ban on Maggi in India hurts Nestle: Global net dips 2.5%
Swiss FMCG major Nestle reported 2.5% decline in its consolidated net profit at 4.51 billion Swiss francs for the first half of 2015 reportedly due to the ban on Maggy in India.
Google launched its parent company ‘Alphabet Inc’
Search engine giant Google Inc on 10 August 2015 launched a new parent company called Alphabet Inc to separate its highly profitable search and advertising business.
iPhone-maker Foxconn decided to invest $5bn to ‘Make in Maharashtra’
Taiwan’s Foxconn, the world’s largest contract electronics manufacturer and a key supplier to Apple Inc, on 7 August signed a pact with the Government of Maharashtra to invest $5 billion over five years in a semiconductor manufacturing facility.
BNP acquires Sharekhan for Rs. 2.2k cr
European banking major BNP Paribas will buy domestic online retail broking major Sharekhan for an undisclosed sum of money, although market players said the allcash deal was valued at about Rs 2,200 crore.
FB now used by half of the world’s online population
Facebook has claimed that the number of people who use the social networking site at least once in a month grew 13% to 1.49 billion in the three months to the end of June this year.
Penalty of 420 crore rupees imposed on Hyundai by CCI
The Competition Commission of India (CCI) imposed a penalty of 420.26 crore rupees on Hyundai Motors India Ltd (Hyundai). Hyundai is one the three car companies which were found to be guilty of involving in anti-competitive practices in contravention of the Competition Act, 2002. The other two companies are Mahindra Reva Electric Car Company (P) Ltd and Premier Ltd.