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Nokia May Lay Off 10000 Employees By 2013 End Shutting Down Manufacturing

first_imgMobile Titan Nokia may terminate 10,000 of its employees along with plant shutdowns by 2013 end as part of the company’s biggest financial overhaul amid mounting losses incurred over the years.The Finnish cell phone maker announced Thursday that it may shutdown manufacturing plants in Canada, Germany and Finland. However, the company plans to continue with research and development operations in the Finnish province of Salo.If the company goes ahead with the planned job cut, the total loss of jobs would cross 40,000.”We must re-shape our operating model and ensure that we create a structure that can support our competitive ambitions,” Stephen Elop, CEO of Nokia in a press statement.The company added that restructuring charges may amount to 1 billion euros and hopes to implement additional cost reductions to the tune of 1.6 billion euros by late 2013. Other cost reduction targets Nokia is planning to achieve by the end of next year is reducing operating expenses on Device & Services to an annualized run rate of around 3.0 billion euros.Restructuring cash outflows are expected to come around 650 million euros and 600 million euros in 2012 and 2013 respectively, while non-cash charges should stand at 200 million euros, Nokia said.”These planned reductions are a difficult consequence of the intended actions we believe we must take to ensure Nokia’s long-term competitive strength,” Elop added.Nokia shares suffered significantly since the introduction of Apple’s iPhone and Samsung.The company’s market share, including handset shipments, dropped considerably since smartphone giants Apple and Samsung released their smartphones. Nokia’s handset shipments dropped 24 percent in the first quarter.Meanwhile, the company is banking on its new phones for survival. Nokia’s partnership with Microsoft in 2011 resulted in the production of the Lumia smartphones.”We intend to pursue an even more focused effort on Lumia, continued innovation around our feature phones, while placing increased emphasis on our location-based services,” Elop said Thursday.Nokia shares dropped 9 percent and were down 6.9 percent at 0711 GMT on Thursday’s morning trade session.last_img read more

Air India joins Star Alliance group

first_imgAir India joins Star Alliance group1.7K views00:00 / 00:00- 00:00:0000:00Air India joins Star Alliance group1.7K viewsBusinessNew Delhi, June 24 (ANI): Civil Aviation Minister Ashok Gajapathi Raju on Tuesday announced the alliance of Air India with the Star Alliance group. The government expects that the step would help the ailing national carrier come out of its losses. Ending a seven-year-long wait, the Star Alliance Chief Executive Board (CEB), at its meeting in London on Monday, gave an endorsement vote to induct Air India into the fold.Ventuno Web Player 4.50New Delhi, June 24 (ANI): Civil Aviation Minister Ashok Gajapathi Raju on Tuesday announced the alliance of Air India with the Star Alliance group. The government expects that the step would help the ailing national carrier come out of its losses. Ending a seven-year-long wait, the Star Alliance Chief Executive Board (CEB), at its meeting in London on Monday, gave an endorsement vote to induct Air India into the fold.last_img read more

Did Chandrababu Naidu really offer Rs 50 crore to RGV to stop

first_imgLakshmi’s NTRTwitterAndhra Pradesh Chief Minister Nara Chandrababu Naidu reportedly offered Rs 50 crore to RGV aka Ram Gopal Varma to stop the release of Lakshmi’s NTR, but the latter rejected this deal.Lakshmi’s NTR is the next biopic movie of NT Rama Rao to hit the screens after the releases of NTR: Kathanayakudu and Mahanayakudu. But unlike the first two, this movie has been a talk of the T-Town for its subject, which is all about the controversial last days of NTR whose power was snatched by Nara Chandrababu Naidu during this days. The movie projects the latter as the backstabber of the former.Lakshmi’s NTR is scheduled for its theatrical release on March 22, weeks ahead of the Andhra Pradesh Assembly elections. Ram Gopal Varma openly has used the name of Nara Chandrababu Naidu for its promotion and termed him as the backstabber of NT Rama Rao several times. But the Chief Minister and the TDP have been silently watching with little action against him and this has wondered many in the state.Of late, it was rumoured that Lakshmi’s NTR is about real-life incidents in Chandrababu Naidu’s life and he has little room to counter Ram Gopal Varma on the legal grounds. As an eye washer, he got a complaint filed against the director. But he was making backdoor efforts to stall its release. He was said to have offered Rs 50 crore to RGV to stop the release of the movie. Chandrababu NaiduSTR/AFP/Getty ImagesThe TDP has not responded to rumours about Chandrababu Naidu’s Rs 50 crore deal to Ram Gopal Varma. It was also said that the filmmakers suffered a severe setback due to back-to-back failures, which are said to have landed in huge debts. He was said to be accepting this deal, which will help him clear his debts.But in an interview, producer Rakesh Reddy, who is bankrolling Lakshmi’s NTR, revealed that people told him that AP CM was going to offer 50 crores to RGV not to stop its release. But he slammed the rumours saying that he knows RGV well. He is well settled with good business circulations and has no debts. He is not a person who loses his self-esteem for money and he would never do something like that.Ram Gopal Varma is known for his crazy promotion strategies for his movies. Many in the film industry feel that Chandrababu Naidu’s Rs 50 crore deal must be a part of his publicity stunt. So there may not be true in the reports about this deal.last_img read more

BSE closes points 25987 down on August 8

first_imgBSE closes points 259.87 down on August 816K views00:00 / 00:00- 00:00:0000:00BSE closes points 259.87 down on August 816K viewsBusinessNew Delhi, August 8 (ANI): Trading at the Bombay Stock Exchange today closed 259.87 points down to stand at 25,329.14. At the National Stock Exchange the Nifty closed 80.70 points down to stand at 7,568.55. Oracle Financial Services Software Ltd. and Apollo Hospitals Enterprise Ltd. were among the top gainers of Group A with an increase of 2.92% and 2.69% along with Pidilite Inds and Bharti Airtel with an increase of 2.49% and 2.31% respectively, while the top losers of Group A include Bhushan Steel and JPPOWER with a decrease of 9.99% and 6.01% along with Torrent Power and SSLT with a decrease of 5.80% and 5.71% at the close of the markets. The Auto sector is down 214.69 points at 15,544.33 while the banking sector is down 258.61 points at 16,903.81 and the reality sector is down 73.82 points at 1,838.98. The Indian currency is up 0.21% at Rs 61.35 per dollar.Ventuno Web Player 4.50New Delhi, August 8 (ANI): Trading at the Bombay Stock Exchange today closed 259.87 points down to stand at 25,329.14. At the National Stock Exchange the Nifty closed 80.70 points down to stand at 7,568.55. Oracle Financial Services Software Ltd. and Apollo Hospitals Enterprise Ltd. were among the top gainers of Group A with an increase of 2.92% and 2.69% along with Pidilite Inds and Bharti Airtel with an increase of 2.49% and 2.31% respectively, while the top losers of Group A include Bhushan Steel and JPPOWER with a decrease of 9.99% and 6.01% along with Torrent Power and SSLT with a decrease of 5.80% and 5.71% at the close of the markets. The Auto sector is down 214.69 points at 15,544.33 while the banking sector is down 258.61 points at 16,903.81 and the reality sector is down 73.82 points at 1,838.98. The Indian currency is up 0.21% at Rs 61.35 per dollar.last_img read more

Dalit icon Mayawati opts out of Lok Sabha elections how will this

first_imgMONEY SHARMA/AFP/Getty ImagesBahujan Samaj Party chief Mayawati on Wednesday said that she will not be contesting the upcoming Lok Sabha elections. This comes as a shock since it was assumed that the BSP supremo, who never shies away from taking a dig at Prime Minister Narendra Modi, would compete against the BJP and Congress and gain a foothold in Uttar Pradesh. A war of words has been going on between BSP and BJP over the past few days with Mayawati making fun of PM Modi’s #MainBhiChowkidar campaign and BJP going to an all new low by speaking about her physical appearance. Mayawati had earlier tweeted, “The person who lives life in a royal manner, as against the principle of simple living and high thinking, had portrayed himself as a ‘chaiwallah’ (tea seller) in the last Lok Sabha elections for votes.” She also said, “Now he is declaring himself a chowkidar (watchman) with pomp and show for votes in the elections. The country is really changing!”In response, Baria’s BJP MLA Surendra Singh had said, “She gets a facial every day. The person who herself gets a facial daily is telling our leader that he is ‘shaukeen’ (vain).”He added, “Wearing clean clothes is not being ‘shaukeen’. Colouring hair at the age of 60 to look young is ‘shaukeen’. Her hair has turned grey but she colours it black.”last_img read more

TCS Denies LargeScale Layoffs But Says 500 More Employees Will be Asked

first_imgSoftware services firm Tata Consultancy Services (TCS) has denied rumours of planned, large-scale layoffs, saying “involuntary attrition” of 2,574 employees does not tantamount to a plan, but said the number will go up to 3,000 in the coming months.  The company employs about three lakh people. “There have been discussions on various social media forums about alleged large scale layoffs at TCS…we would like to place on record that TCS has not initiated, and is not planning to initiate any large scale exits of any section of its staff in any part of the organisation,” reports PTI, quoting a company statement. “The involuntary attrition for the nine months (April-December) of this year has been 2,574 employees, which represents 0.8% of the total employee strength,” said TCS. “The corresponding numbers for FY’14 and FY’13 were 2,203 and 2,132 respectively. The total involuntary attrition for the current fiscal year (ending March 31, 2015) will be around 1 per cent,” it added.In December last year, a report suggested that TCS is planning staff restructuring and around 25,000 senior employees are at the verge of losing their jobs at the company. This created a stir among IT company employees across India who threatened to stage protests against TCS’ move, while those who have been asked to quit the company are reportedly planning legal action against the company.last_img read more

Galaxy Fold video proves Samsung pathbreaking phone is durable and worth buying

first_imgRAM12GB RAM(LPDDR4x) Display Processor7nm 64-bit Qualcomm Snapdragon Octa-core processor (Max. 2.8 GHz + 2.4 GHz + 1.7 GHz) Front dual camera ModelGalaxy Fold CameraCover camera10MP Selfie Camera, F2.2 Rear triple camera Close Storage512GB (UFS3.0) *User memory is less than the total memory due to storage of the operating system and software used to operate the device features. Actual user memory will vary depending on the operator and may change after software upgrades are performed. *No MicroSD slot Main display: 7.3-inch QXGA+ Dynamic AMOLED (4.2:3)Cover display: 4.6-inch HD+ Super AMOLED (21:9) After months of speculations, Samsung pulled the wraps off the company’s most ambitious phone Galaxy Fold in the US in late February 2019. The initial reactions from the media, which had the opportunity to have a closer look at the path-breaking mobile were overwhelming.In my personal opinion, Samsung Galaxy Fold is more practical compared to Huawei’s Mate X for one sole reason, as the former folds inwards protecting the larger screen from daily wear tear and also had small cover screen to call pick and message reading, but the latter, folds outwards is vulnerable to scratches and even damage if it fell on the ground. And, mind the phones are expensive and screen replacement will leave you with a deep cut in the pocket. Samsung Galaxy Fold set to hit stores in late April 2019.Samsung Mobile PressHowever, there was one question which I and many tech critics were concerned about the longevity of the fold feature. Like all physical objects, over time, they tend to degrade and since it is a first generation phone, there are a lot of improvements needed, which the successor will be fine-tuned.Now, Samsung has given us a sneak peek on the testing of the Galaxy Fold’s flexible nature of the screen and how much bending and opening it can sustain. Having seen the video, I have no hesitation to say the South Korean company rightly deserves praise for the development of the Galaxy Fold. It has reportedly tested the device folding in and out for more than 200,000 times to make sure the Galaxy Fold lasts long and worth price it commands. It costs $1980 (approx. Rs 1,36,655).”Naturally, given the smartphone’s design, a Folding Test was a pivotal part of the Galaxy Fold’s durability assessment. This test, which examines whether the Galaxy Fold can outlast 200,000 folds and unfolds (or around five years of use, if used 100 times a day), takes a full week to complete. While the extent of the test may seem like overkill to some, Samsung viewed it as vital to ensuring the durability of the device’s hinged design and Infinity Flex Display,” Samsung said in a statement.After the Galaxy Note 7 fire fiasco, Samsung has made tremendous strides in terms of durability, reliability, safety in its products and it’s fitting that Samsung is the world’s number one smartphone brand. It can be noted that Samsung has confirmed to launch the Galaxy Fold in India in coming months.Galaxy Fold can work both as a single-hand friendly mobile 4.6-inch HD+ AMOLED-based cover display and also turn in to a full-fledged tablet with 7.3-inch QXGA+ Dynamic AMOLED, when unfurled.”Galaxy Fold opens smoothly and naturally, like a book, and closes flat and compact with a satisfying click. To achieve this, Samsung engineered a sophisticated hinge with multiple interlocking gears. This system is housed in a hidden enclosure for a seamless and elegant look”, the company claims.Samsung Galaxy Fold has been tested with more than 2000 flips to check the durability of the flexible display.Samsung Newsroom/YouTubeThe demo in the event showed Galaxy Fold seamlessly without any flaws in terms of viewing content on the small cover screen and see the same interface on the wide flexible screen when opened. It also offers an industry first feature that allows users to multi-task three different apps on the same screen. It also has a big battery of 4,500mAh battery, which is more than enough for the whole day of work on the phone. With such a big screen and a cell, you are assured to have the best viewing experience while watching videos on Netflix or Amazon Prime Video.It has six cameras, one 10MP sensor on the cover display, two (10MP + 8MP depth sensor) inside the wide-screen and three (16MP + 12MP wide-angle +12MP depth) more on the rear-side, thus ensuring consumers can work the phone’s camera the same as the any other mobile in the market and most importantly, they can capture remarkable images in detail. Samsung Galaxy S10 5G coming to South Korean markets first.Samsung Mobile PressUnder-the-hood, it comes with Qualcomm Snapdragon 855 octa-core processor with Android Pie OS, 12GB RAM and 512GB storage UFS 3.0.Key specifications of Samsung Galaxy Fold:ModelModelGalaxy FoldGalaxy FoldModelDisplayGalaxy FoldMain display: 7.3-inch QXGA+ Dynamic AMOLED (4.2:3)Cover display: 4.6-inch HD+ Super AMOLED (21:9)ModelOSGalaxy FoldAndroid 9.0 PieModelProcessorGalaxy Fold7nm 64-bit Qualcomm Snapdragon Octa-core processor (Max. 2.8 GHz + 2.4 GHz + 1.7 GHz)ModelRAMGalaxy Fold12GB RAM(LPDDR4x)ModelStorageGalaxy Fold512GB (UFS3.0) *User memory is less than the total memory due to storage of the operating system and software used to operate the device features. Actual user memory will vary depending on the operator and may change after software upgrades are performed. *No MicroSD slotModelCameraGalaxy FoldCover camera10MP Selfie Camera, F2.2ModelRear triple cameraGalaxy Fold16MP Ultra Wide Camera, F2.212MP Wide-angle Camera, Dual Pixel AF, OIS, F1.5/F2.412MP Telephoto Camera, PDAF, OIS, F2.4, 2X optical zoomModelFront dual cameraGalaxy Fold10MP Selfie Camera, F2.28MP RGB Depth Camera, F1.9ModelBatteryGalaxy Fold4,380mAh (typical)* Fast Charging compatible on wired and wireless Wired charging compatible with QC2.0 and AFC Wireless charging compatible with WPC and PMA * 4,380mAh (typical) refers to the typical value of the battery capacity as tested under third-party lab conditions. Typical value is the estimated average value considering the deviation in battery capacity among the battery samples. Rated (minimum) capacity is 4,275mAh. Actual battery life may vary depending on network environment, usage patterns and other factors.ModelColoursGalaxy FoldCosmos Black, Space Silver, Martian Green, Astro BlueModelPriceGalaxy Fold$1980 initially in US from April 26 onward Apple and Samsung Finally Reach A Truce IBTimes VideoRelated VideosMore videos Play VideoPauseMute0:09/0:40Loaded: 0%0:09Progress: 0%Stream TypeLIVE-0:31?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading … 16MP Ultra Wide Camera, F2.212MP Wide-angle Camera, Dual Pixel AF, OIS, F1.5/F2.412MP Telephoto Camera, PDAF, OIS, F2.4, 2X optical zoom Price$1980 initially in US from April 26 onward ColoursCosmos Black, Space Silver, Martian Green, Astro Blue Battery4,380mAh (typical)* Fast Charging compatible on wired and wireless Wired charging compatible with QC2.0 and AFC Wireless charging compatible with WPC and PMA * 4,380mAh (typical) refers to the typical value of the battery capacity as tested under third-party lab conditions. Typical value is the estimated average value considering the deviation in battery capacity among the battery samples. Rated (minimum) capacity is 4,275mAh. Actual battery life may vary depending on network environment, usage patterns and other factors. 10MP Selfie Camera, F2.28MP RGB Depth Camera, F1.9 OSAndroid 9.0 Pielast_img read more

Steve Smith and Ajinkya Rahane fight Australian shows open dissent against captain

first_imgSunil Narine will hope to open the innings for KKRIANSKKR easily bested Rajasthan in their last match and consequently moved to the top of the points table. Rajasthan had been restricted to 139 in their quota of 20 overs courtesy some fine slow bowling by the KKR spinners namely, Kuldeep Yadav, Sunil Narine and Piyush Chawla. Harry Gurney, who made his IPL debut was also impressive and was adjudged the man of the match for his efforts that fetched him 2-25 in four overs.Coming out to chase the total, KKR was off to a flying start courtesy the big-hitting of Sunil Narine who smashed Krishnappa Gowtham for 22 runs off his first over. During this time, Steve Smith was talking to the commentators from the field of play and he did not seem too pleased or in sync with his captain Ajinkya Rahane’s decision to hand the ball to Gowtham in just the second over of the run chase. Smith did not like the idea of bowling Gowtham to Narine in the powerplay.Hotstar Screengrab”The spinner, I thought, just bowled too straight,” said Smith to Simon Doull during the third over of the innings when Jofra Archer was bowling. Brett Lee then asked Smith whether he would have preferred attacking Narine with Archer’s pace and bounce instead of Gowtham’s spin. To this, Smith replied, “Not sure, that’s a question for Ajinkya [Rahane] I’d say. But he [Narine] sort of comes at it from ball one. I thought the spin over the wicket wasn’t a great move as it was taking the stumps out of play.”Narine has a fantastic record against spinners in the powerplay since he reinvented himself as an opening batsman in the IPL. Here’s the list of bowlers he’s taken to the cleaners over the last couple of years.18 runs off Samuel Badree against RCB in Kolkata – April 23, 201725 runs off Samuel Badree against RCB in Bangalore – May 7, 201721 runs off Krishnappa Gowtham against RR in Kolkata – May 15, 201825 runs off Varun Chakravarthy against KXIP in Kolkata – March 27, 2019 Rahane will be heavily dependent on his team’s English recruits Stokes and Buttler.Rajasthan Royals InstagramThus, it was understandable why Smith did not seem happy with the choice of the bowler as it basically gave KKR the start they had desired. The 22-run over following the 10-run first over broke the back of the chase and ensured KKR romped home to 140 within 14 overs.Earlier in the day, Smith had top-scored for Rajasthan with 73 runs off 59 balls but that was not enough to help his team. Rajasthan Royals are now second last on the points table and will take on Chennai Super Kings next on April 11. Meanwhile, KKR will also play CSK in their next match which will be held at the MA Chidambaram Stadium on April 9.last_img read more

Who will pick Indias 2019 World Cup squad Here are the 5

first_imgMSK Prasad, former wicket-keeper batsman, is chairman of selectorsThe date has been set. Indian cricket team for the 2019 World Cup will be selected on April 15. But who are the men making the big decisions? The Indian selection committee is unique. It consists of five people representing the five zones of domestic cricket. Let’s get to know these individuals a little betterMSK Prasad – Chairman (South)Mannava Sri Kanth Prasad is the chairman of the selection committee. From Andhra Pradesh, he was never as successful as his namesake Venkatesh from the neighbouring state of Karnataka. To be fair, he played for India at the worst time. Making his debut in 1999, MSK was part of the disastrous tour of Australia where the Sachin Tendulkar-led Indian team received a 3-0 drubbing.Prasad was one of a spate of wicket-keepers India tried after the exit of Nayan Mongia – a search that ended only when Mahendra Singh Dhoni arrived on the stage.Devang Gandhi – (East) Devang Gandhi perished on India’s ill-fated 1999/00 tour of AustraliaDarren England/Getty ImagesOn that same fateful tour of Australia, Devang Gandhi too was a casualty. Gujarati by birth but player for Bengal in Ranji Trophy, Gandhi was an opener who began his career against New Zealand at home.One Test in Australia was, however, enough for Indian team management to feel that he is lacking in technique against pace bowling and send him home. His domestic career was reasonably good with an average of 42.73 in 95 games.Jatin Paranjape – (West)Jatin Paranjape played only four ODIs in his international career. Son of the famous Mumbai cricketer and coach Vasu Paranjape, the 46-year old is also married to the sister of Bollywood actress Sonali Bendre. Unfortunately for him, his relations are more prominent than his record.Gagan Khoda – (Central)Ironically, Gagan Khoda has a highest score of 89 in his international career of two ODIs. Hailing from Rajasthan, Khoda remained a stalwart for his home state and scored more than 8,000 runs in 132 first-class games at an average of 39.06.Sarandeep Singh – (North) Sarandeep Singh is a former Delhi Player and representative of North Zone in selection committeeRebecca Naden – PA Images/Getty ImagesUndoubtedly, the best player among these selectors, Sarandeep – a reliable and consistent off-spinner – had the misfortune of being around at the same time as Harbhajan Singh. His best moment came in 2002 when he helped India save a Test in West Indies while batting with Rahul Dravid. Apart from picking more than 300 wickets in 92 matches in first-class cricket, he was once described as the Jason Gillespie of Indian domestic cricket due to his dogged style of batting.last_img read more

Darling of OTT platform Radhika Apte receives offers from various digital platforms

first_imgRadhika AptePR HandoutRadhika Apte, known for her brave choice of films, has spread her charms with top-notch roles- be it films or OTT platforms. The actress who has been constantly seen on an OTT platform with her ‘omnipresence’ all across, is now receiving offers from many storytellers of different platforms.Radhika, who has carved a niche for herself in the acting space, has also aced the art of carrying herself in vogue. In a recent event, the actress looked drop dead gorgeous decked up in a powder shaded embellished Tulle slit gown.The indie star, who looks for a good story, has landed herself in the best space for her career.Radhika’s acting speaks louder than her words ever since she made her debut with a short film, Ahalya- a character nested in the hearts of the audiences and the filmmakers, alike.Radhika’s two movies Andhadhun and Padman are on the top rated Bollywood movies list and her “omnipresence” is much talked about with the screen presence she possesses.Radhika will be next seen in a film alongside Nawazuddin Siddiqui for which the actress has already finished the first schedule shoot in Lucknow. The pair was last seen sharing screen space for a web series.last_img read more