Here’s a look at this week’s top 10 tech news.
Lenovo launches 5 android smartphones in India
Lenovo launched 5 android smartphones in India priced between Rs. 6,499 and Rs. 28,499. The Chinese PC maker forayed into the Indian mobile market with its Ideaphone series A60+, P700i, S560, S880 and K860 smartphones. The top of the line Ideaphone K860 has a 5 inch display, 8 MP camera and is powered by a 1.4 GHz processor.
Wipro in the news: 24% higher net profit, demerger of non-IT services business
Wipro reported a quarterly net profit of Rs. 1,611 crore, up 24% from same period last year. The company logged revenues of Rs. 10,657 crore in the quarter and added 53 new clients to its kitty. India’s third largest IT company also announced the demerger of all its non-IT businesses into a separate company which will be named Wipro Enterprises Ltd. "In fiscal year 2011-12, the IT business contributed to 86% of revenue and 94% of operating profit of Wipro Limited.
The demerger is anticipated to provide fresh impetus for both Wipro Limited and Wipro Enterprises Limited to pursue their individual growth strategies. The demerger is also expected to improve the competitiveness in their respective markets" said a press release. Commentators are seeing this as a welcome move since the non-IT businesses were at such a scale that they needed focused attention.
Bharti Airtel, Aircel make iPhone 5 available for sale at Rs. 45,500
Bharti Airtel and Aircel have made iPhone 5 available for sale in India. Both operators have priced iPhone 5’s 16 GB model at Rs. 45,500. Bharti Airtel has priced the 32 GB and 64 GB models at Rs. 52,500 and 59,500 respectively.
TCS to set up software development campus in Indore, to invest 550 crore
Tata Consultancy Services announced that it will be setting up a software development campus in Indore. With an investment of Rs. 550 crore, India’s largest IT services provider plans to build an integrated campus for IT and BPO services on a 15 lakh sq feet area.
"Designed with water bodies and green areas, the TCS Indore campus will incorporate several green building concepts such as zero discharge with 100% recycling of sewage, energy efficient systems, rain water harvesting systems and integrated building management systems" said the company in a press release.
Zynga launches CityVille 2 in 3D
Zynga launched CityVille 2, a new version of its popular online social game Cityville in 3D. "Drawing inspiration from the original CityVille, as well as FrontierVille, CityVille 2 immerses players in a storyline peppered with quirky and interesting characters, while also delivering a beautiful 3D town where players can compete with or play with friends as they build their unique city" said Mark Nelson, Director of Design, Zynga.
At its peak, CityVille attracted over 100 million or 10 crore users after becoming the most popular social game and holding the spot for about an year after it was launched in 2010 on Facebook.
Apple’s stock falls to 3 month low
Apple’s stocks fell to a 3 month low on Thursday, dropping 1.4% to $595.32 after reaching record highs of $700 plus in September. The shares closed the week 3.31% lower at $576.80. A reshuffle in management and unexpected firing of two key executives, Scott Forstall and John Browett has reportedly not gone well with Wall Street.
Google launches Nexus 4 smartphone, Nexus 10 tablet
Earlier during the week Google launched Nexus 10, a 10 inch tablet to compete with similarly sized tabs in the market and Nexus 4, a new smartphone. "Nexus 10 is the ultimate tablet for watching movies or reading magazines. We wanted to build a premium entertainment device, so we partnered with Samsung to do just that" said a post on Google’s official blog. Nexus 4 has a 4.7 inch display and runs on Android 4.2.
Infosys delays joining of 17,000 new recruits
Infosys reportedly deferred the joining of over 17,000 new recruits in a cost cutting drive. "In a tough business environment, Infosys has decided to take certain cost optimization measures. These are necessary for the company to continue making strategic investments and afford the rollout of the compensation increase" said a spokesperson. Among other cost-cutting measures, there has been a freeze on business class travel for senior leaders.
Genpact quarterly profit down 47.4%
NYSE listed BPO and technology management services provider Genpact reported a quarterly net profit of $25 million, down 47.4% as compared to $48 million in the same period last year. The company, which has operational presence in cities including Gurgaon, Noida, Delhi and Bangalore logged in revenues of $491.2 million for Q3 2012.
"Third quarter 2012 net income and margin reflected the impact of a foreign exchange re-measurement loss as well as expenses related to: the special cash dividend; associated debt refinancing and withholding taxes; and the sale of shares by Genpact’s original sponsors" said a press release.
RuralShores to set up BPO in Kakinada Special Economic Zone
Bangalore based rural business process outsourcing firm RuralShores has reportedly signed an agreement with Kakinada SEZ to set up a rural BPO. Kakinada SEZ in Andhra Pradesh is managed by infrastructure company GMR Group. Founded in 2008, RuralShores has 11 centres across 8 states of the country.