Companies

India Warns of Potential Ban on EU Airlines over Carbon Tax Dispute

European airlines may risk an embargo from India's airspace, should Brussels impose sanctions on Indian carriers over carbon emissions. Brussels is facing the heat from several nations, including China, Russia, over an EU carbon emissions trading scheme that called for charging airlines over pollution. Civil aviation minister Ajit Singh hinted the possibility of a ban on EU carriers in an interview.

May 25, 2012

Sony Launches New Xperia NXT Smartphones in India

Popular electronics products manufacturer Sony launched its new Xperia NXT smartphones in India on Wednesday. Xperia NXT smartphones that includes Xperia U and P, and the Xperia Sola will now be available in India.

May 24, 2012

HP to Lay Off 27000 Employees, Expects to Save Over $3 Billion Annually

Following declining profits and stiff competition from rival companies, tech firm Hewlett-Packard (HP) has decided to lay off 27,000 jobs by 2014.

May 24, 2012

Petrol Price Hike In India: Rates Before And After Hike

The Indian Government Wednesday announced the single largest hike in petrol prices by Rs. 7.50 per liter (including tax). The hike price came into effect from midnight and has led to a nationwide protest with the common man, the government's allies and oppositions fuming over the issue.

May 24, 2012

Wipro Launches Its First Corporate iPhone App - Wipro Buzz

Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro announced the launch of its first corporate iPhone app - Wipro Buzz on Wednesday.

May 24, 2012

Reebok Files FIR Against Former Top Employees For Alleged Fraud

Reebok India on Tuesday filed an FIR against its former managing director Subhinder Singh Prem and COO Vishnu Bhagat for allegedly mishandling the company's money by indulging in fictitious sales, and setting up forged accounts over the past couple of years

May 23, 2012

Google-Motorola Deal: Sanjay Jha Sidelined, Dennis Woodside is New CEO of Motorola

After acquiring Motorola Mobility Holdings for $12.5 billion, search engine giant Google Inc has named Dennis Woodside, former president of Google's Americas region, as the new CEO of Motorola. Sanjay Jha, former CEO of Motorola, has stepped down, giving way for Dennis Woodside to take up the task of leading the cellphone company.

May 23, 2012

Meet Priscilla Chan, Facebook CEO Mark Zuckerberg's Wife [PHOTOS]

Chan, a Chinese-American fellow student, graduated from Harvard in 2007 and had worked as a 4th and 5th Grade Science Teacher at the Harker School in San Jose for two years before joining the UCSF medical school.

May 20, 2012

Facebook CEO Mark Zuckerberg Marries Girlfriend Priscilla Chan [PHOTO]

Zuckerberg married his long-time girlfriend Priscilla Chan at a small ceremony in their backyard Saturday. The 28-year-old placed a ring on Chan's finger in a small ceremony which was attended by less than 100 guests in Palo Alto, California.

May 20, 2012

Facebook Valued At $104 As Public Trading Set To Begin; Shares Priced At $38

Facebook raised $16 billion in the largest initial public offering (IPO) by a technology company in history as it increased the price of its offering to $38 per share on Thursday. The social media giant's valuation shot up to about $104 billion before public trading begins Friday on the Nasdaq exchange under the ticker symbol FB.

May 18, 2012