|By TAP Staff| Tecom Investments, a unit of Dubai Holding has mandated banks to raise a syndicated loan, with two banking sources saying the facility would be worth 4 billion dirhams ($1.1 billion). The banks are Citi, Dubai Islamic Bank , Mashreq, Abu Dhabi Commercial Bank and Noor Bank. Tecom Investments is expected to use the proceeds for its growth plans, while some of the cash will […]
In the wake of yet another poor earnings report, Sprint is laying off thousands of workers. The telecom giant said it would cut loose about 2,000 workers as part of a cost-cutting program that aims to turn around the ailing company. In summary, Sprint reported operating revenues of $8.5 billion for its second fiscal quarter of 2014, which represents a $192 million operating loss. Marcelo Claure, the […]
New Delhi: The attorney-general (A-G) has recommended cancellation of a proposed defence deal for the acquisition of eight minesweeper vessels, estimated to be worth about Rs 6,000 crore, from the South Korean Kangnam Corporation after allegations of involvement of middlemen, official sources in the ministry of defence (MoD) have confirmed. The MoD had sought the view of A-G Mukul Rohatgi in the matter. The government may […]
194 countries have gathered to try and reach a deal to stop global warming Photo: PA The UN Climate Panel came out with its final report yesterday. It is a summary of its 3 main reports, published over the last year. It tells us that global warming is real and a significant problem. And as usual, the media hears something else – in the words of Mother Jones […]
BEIJING Fri Oct 31, 2014 2:56pm IST Visitors use their smarts phones underneath the logo of Tencent at the Global Mobile Internet Conference in Beijing May 6, 2014. Credit: Reuters/Kim Kyung-Hoon/Files Related Topics Stocks Photographs from India which caught our eyes this week Pics BEIJING (Reuters) – Tencent Holdings Ltd said on Friday it would collaborate with International Business Machines Corp (IBM) on a new […]
NEW DELHI: The government has relaxed the norms for allowing foreign direct investment (FDI) in the construction development sector. It is expected the move will boost affordable housing projects and smart cities across the country. At a Cabinet meeting chaired by Prime Minister Narendra Modi on Wednesday, the minimum built-up area required to attract FDI was reduced from 50,000 sq m to 20,000 sq m, while […]
By S. Sethuraman Entering the sixth month post-bifurcation, Telengana and the truncated Andhra Pradesh are still in such unsettled conditions that governance and credibility are at a discount in the new State of Telengana while Seemandhra, battered recently by a super-cyclone, faces baffling problems of land acquisition for capital-building and fiscal management. Both states are in massive budget deficits and have vainly looked to the Centre […]
NEW DELHI: Life Insurance Corporation of India, the country’s largest insurer, will consider increasing its holding in companies in which the government plans to sell shares this year, possibly up to the 15% limit allowed. LIC, which is also the country’s largest investor, is expected to invest about Rs 55,000 crore in the equity markets this financial year, up from about Rs 51,000 crore in 2013-14. […]
NEW DELHI: Private-sector power plants with a combined capacity of over 1 lakh MW, including plants of 36,500 MW that have been deprived of their captive coal blocks thanks to a recent Supreme Court verdict will get “firm coal linkage” if the Cabinet approves a plan put forth by the power ministry. Pooling of domestic (Coal India) and imported coal will be done to ensure these […]
NEW DELHI: ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, on Tuesday signed an agreement to pick an up to 50 per cent stake in PetroVietnam’s two exploration blocks in the South China Sea. OVL will take a 40 per cent stake in Block 102/10 and 50 per cent in 106/10 that lie outside the sea territory claimed by China. PetroVietnam, […]
For the latest smartphone in the Droid line, Verizon and Motorola tackled one most common complaint from users of those devices: battery life. The two companies unveiled the Droid Turbo on Tuesday, and Motorola said the phone’s battery can last for a full two days — 48 hours — of normal use. The oversize battery has a huge 3,900 milliamp-hours (mAh) of power. By comparison, the iPhone […]
Smart solutions… to enable low-energy living Shifting focus to smarter products MANAMA, 1 days ago As the world advances to its urban future and the global population rises, so does the degree of waste thereby causing major environmental challenges – in some cases catastrophes, said an industry expert. A quick glance at the growth in waste numbers (from water to industrial refuse to plastics) shows an alarming […]
Android Lollipop Rolls Out on New Nexus Devices Nov. 3 The first devices featuring Google’s latest update to its Android operating system — Android 5.0 Lollipop — will be the 5.96-inch-screen Nexus 6 “phablet” and the 8.9-inch-screen Nexus 9 tablet. The Nexus 9 is expected to be the first to hit the market, with a scheduled ship date of Nov. 3. Starting at $399.99, the Nexus 9 […]
By Kalyani Shankar The BJP is jubilant after its spectacular success in Maharashtra and Haryana Assembly polls this week. Coming as it does on the heels of the recent impressive Lok Sabha victory, the BJP can claim that the momentum as well as the Modi magic is intact. The Congress on the other hand is demoralized further after its humiliating defeat in both the states. There is […]
NEW DELHI — The Indian Defence Ministry — faced with a shortage of ammunition for its Russian-made T-90 tanks, coupled with an inability to produce ammunition at home — has no choice but to give in to Russian terms and purchase marked-up ammo from Moscow, an MoD source said. The MoD reluctantly agreed to the deal last month, despite the fact that Russia hiked the price […]
By Amulya Ganguli As always, the electorate has sent a clear message to every party in the just concluded elections. For the BJP, the memo is that the regional parties cannot be ignored, as the Maharashtra results have shown. It was the same lesson which the BJP learnt in the parliamentary polls when it could not breach the regional fortresses of the AIADMK in Tamil Nadu, […]
By Subrata Majumder Paradoxically, while Prime Minister Narendra Modi succeeded in persuading the Japanese and Chinese investors, he failed to influence the big American investors. Instead, his political wave and speech impelled the Indian Diaspora only. While a number of billion dollar projects were signed during his visit to Japan and the Chinese President Xi Jinping’s visit to India, no major deal was signed during his […]
By Ashok B Sharma Recent unprovoked firing by Pakistan at the Line of Control and as well as at the international border shows the utter helplessness and desperation on its part. India has suspended the dialogue process as Pakistan opted to talk to Kashmiri separatists which the former said was against the spirit of the Shimla Agreement and Lahore Declaration. Subsequently, Pakistan resorted to unprovoked firing at […]
Phone Works is a new line of smartphone-connected testing and layout tools from Ryobi. The Phone Works modules connect to your iOS or Android phone through the headphone jack and can be controlled through the free app. Modules include a plumbing scope camera, a moisture meter, stud finder, laser level, laser distance measurer, IR thermometer, and a laser pointer. This entry passed through the Full-Text RSS service […]
From L.S. Herdenia BHOPAL: The three day Global Investors meet concluded last week with the promise of investment to the tune of Rs. 6.89 lakh crores in Madhya Pradesh. Addressing media after the conclusion of the fourth such summit, Chief Minister Shivraj Singh Chauhan said that the government has received 3,165 investment proposals worth Rs. 4.36 lakh crore from investors who registered on the official website. […]
By G. Srinivasan The inexorable humid weather in the capital in the festive month of October has robbed the exuberant moments of celebrations, even as the weather patterns across the country seem to be swinging in extremes. India and other developing countries may continue to be in a denial mood that weather-related aberrations are not directly due to the broad climate change that is sweeping the universe […]
|By TAP Staff| Mobogenie , the fastest growing developer of applications for android and mobile devices, announced the launch of a new app development platform named CYMaker at the Global App Summit in Dubai. Mobogenie claims it will open up the world of app development through a simplified, free of cost solution with no limitations, no hidden fees, and no credit card requirement. Visitors to the Global […]
Big On Telecom signs distribution deal with Blackphone DUBAI, 3 days ago Blackphone has signed a master distributor partnership with Big On Telecom, a Big on Group company headquartered in Dubai, to expand the brand’s presence in the Middle East and Africa (MEA) regions. The agreement marks a significant step in Blackphone’s growth, with Big On Telecom having started testing and launch discussions with telecom operators in […]
Abu Dhabi e-govt showcase solutions at Gitex ABU DHABI, 3 days ago Twenty-two Abu Dhabi Government entities will showcase their latest innovative IT solutions, product apps and software offerings, all under the theme, “Towards a Digital Abu Dhabi’, at Gitex 2014, Dubai. UAE. The apps have been designed specifically to strengthen customer service and enhance the customer experience. Abu Dhabi Systems and Information Centre (Adsic) will host […]
