Nokia Phone Licensee HMD Raises $100 Million to Drive Growth Push

HMD Global, the Finnish company that owns the right to use the Nokia brand on phones, has raised $100 million (roughly Rs. 681 crores) of funding intended to boost growth, it said on Monday. Having sold about 70 million Nokia phones and generated sales of EUR 1.8 billion ($2.1 billion) in its first year, 2017, HMD said it […]

After heavy losses, banks focus on being capital-light, reorient business models to push growth

  The rise in bad loans and subdued corporate demand is driving banks to explore new business models, cross-sell products with more retail-oriented segments for growth. They are stepping up credit monitoring standards to lend to good quality customers. Lenders including IDBI Bank, Canara Bank, Bank of India, Union Bank of India and Federal Bank are looking at more asset or capital-light […]

IBM Q’s radical 50-qubit quantum computer will push computing to new frontiers

Characters named Q in film and TV have been portrayed as being exceptional. Q in the James Bond movies served up futuristic gadgets, and Q in Star Trek was omnipotent. A new quantum computing program called Q at IBM will be remarkable in its own right. In a few years, IBM plans to create a quantum […]

Facebook’s Hiring Process Hinders Push to Diversify Workforce

Facebook has put itself at the forefront of efforts to recruit a more diverse workforce, including a targeted internal recruiting strategy in 2015 designed to bring in female, black and Latino software engineers. Yet within Facebook’s engineering department, the push has been hampered by a multi-layered hiring process that gives a small committee of high-ranking […]

Nintendo unveils new hybrid console NX in push for portable gaming

Until now, Nintendo hadn’t disclosed much information for the new product, apart from its code-name NX and that it would go on sale in March. Photo: Reuters Tokyo: Nintendo Co. unveiled its long-awaited new gaming platform, the Switch, featuring a tablet-like console that will allow gamers to play at home and on the go. In […]

Ford Invests in Cloud company Pivotal in Self-using vehicle Push

HIGHLIGHTS Ford will invest $182 million in cloud computing firm Pivotal. The funding gives Ford a stake of about 6.6 percentage in Pivotal. The investment in Pivotal could help increase FordPass on-line offerings. Ford stated Thursday it was making an investment $182 million (more or less Rs. 1,211 crores) into San Francisco cloud computing firm […]

Apple Extends Push Into corporations With SAP Tie-up

Apple Inc is taking every other step into the corporate computing world by partnering with SAP to broadenapps that run the German enterprise‘s extensively used business software program on smartphones andtablets, the two groups said on Thursday. The patron electronics massive, which traditionally has remained aloof from the unglamorous but probablybeneficial market for employer software, […]