News Stories

  • BlackBerry first quarter software revenue jumps to $137 mn

    BlackBerry Ltd shares fell on Tuesday on uncertainty about what drove growth in the company’s crucial software segment in the first quarter. Shares were off 1.1 percent after jumping in premarket trading as BlackBerry earnings report touted a 150 percent increase in software and licensing revenues. But the result was clouded by uncertainty over the

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  • BlackBerry, Cisco ink long term cross-licensing pact

    BlackBerry and Cisco have announced a long-term patent cross-licensing agreement covering their respective products and technologies. “As part of the cross-licensing agreement, BlackBerry will receive a license fee from Cisco,” said a release, adding that specific terms of the deal were confidential. “Our agreement with Cisco underscores the value companies place on BlackBerry’s broad and

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  • SoftBank keen to invest in renewable energy in Andhra

    Japan’s SoftBank Corp on Tuesday said it is keen to invest in solar and wind power projects in Andhra Pradesh. SoftBank founder and CEO Masayoshi Son on Tuesday met Chief Minister N. Chandrababu Naidu and said that they are keen to collaborate with Andhra Pradesh in renewable energy. Nikesh Arora, president of SoftBank and Sunil

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  • Education marketplace EduKart raises $1 million

    Education marketplace EduKart on Tuesday said it has raised $1 million (Rs 6.4 crore) from Holostik Group’s United Finsec (family office arm), cricketer Yuvraj Singh’s YouWeCan Ventures and early stage fund, 500 Startups. Existing investors including Paytm founder, Vijay Shekhar Sharma, former director of Providence Equity Partners Manish Kheterpal, and Stanford Business School’s alumni angels

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  • SoftBank exploring telecom JV with Foxconn in India

    Japanese telecom and Internet giant SoftBank and Taiwanese electronics firm Foxconn are in discussion to set up a joint venture in India for manufacturing telecom products. “We will like to support Make in India programme and vision. We are discussing with Foxconn about how we can support Make in India programme jointly where Foxconn will

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  • Nokia appoints Rupa Santosh to head Nokia Networks’ Technology Center in Bangalore

    Nokia today appointed Rupa Santosh as head of Nokia Networks’ Technology Center, Bengaluru, which is incidentally the leading Research and Development (R&D) site for Nokia Networks globally, as well as an employer of choice within the local ecosystem. “Rupa brings over 20 years of experience in telecommunications network research and development having performed diverse roles

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  • Micromax invests in mobile travel search ixigo

    Mobile phone manufacturer Micromax on Monday announced that it has made a strategic investment in mobile travel search marketplace ixigo. Popular for its innovative travel apps, ixigo helps Indian travellers plan their trips, find the best train & bus services, book cheapest flights, cabs, hotels and more. This investment would further reinforce Micromax’s foray into

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  • Amazon to pay self-published authors based on pages read

    Amazon could soon pay more to write lengthier books, if you are an author self-publishing on Amazon.com Inc’s Kindle ebook platform. Starting next month, the e-commerce giant will pay independent authors based on the number of pages read, rather than the number of times their book has been borrowed. The move is aimed at authors

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