Technology Sector

Wipro expresses concerns over new U.S. immigration bill

Wipro expresses concerns over new U.S. immigration bill

Indian software firm Wipro has expressed concerns over the recently draft U. S. immigration bill, saying it might burden Indian firms operating in the U. S. with additional costs.

Azim Premji, chairman of Wipro, said the immigration bill, which was unveiled on Thursday, might restrict Indian IT firms’ access to H-1B and L1 visas that Indians require to work in the U. S.

However, Mr. Premji also said that they were still studying the provisions of the U. S. immigration bill that run into over eight hundred pages, adding that active lobbying would decide the eventual shape of the bill.

Wipro reports 16.7% rise in Q4 profit

Wipro reports 16.7% rise in Q4 profit

Software services provider Wipro Ltd on Friday reported a bigger-than-expected increase in its profit for the three months ended March 31, 2013.

The third-largest Indian software maker announced that its consolidated net profit jumped 16.7 per cent year-on-year, from Rs 14.81 billion in the January-March quarter of 2012 to Rs 17.29 billion in the same quarter of 2013.

A group of analysts surveyed by Thomas Reuters had projected consolidated net profit of Rs 17 billion for the company.

HCL Tech reports 73% jump in quarterly net profit

HCL Tech reports 73% jump in quarterly net profit

Software services provider HCL Technologies Ltd on Tuesday reported a bigger-than-expected increase in profit for the quarter ended March 31, 2013.

HCL announced that its quarterly net profit jumped to Rs 10.4 billion in the three months through the end of March, 73 per cent up from Rs 6 billion in the year-ago period.

A group of 16 analysts surveyed by Thomson Reuters had projected a net profit of Rs 9.35 billion for the company’s fiscal third-quarter. The growth was also much better than rival firm Infosys’ 3 per cent quarterly-profit growth.

Apple iPhone 4 Sales Increase Three Times in Last Five Days

Apple iPhone 4 Sales Increase Three Times in Last Five Days

iPhone 4 sales have outshone iPhone 5's in India. The sales trebled over the last five days and seem to surpass the demands for iPhone 5 in India. Apple has launched a buyback scheme for the customers that offer a discount of at least seven thousand rupees on the iPhone 4 in exchange for any other smartphone.

Cupertino-based company has pushed the older model in India as it wanted the two-year-old phone fall in the category of sub- Rs 20,000 segment, said a senior official of a leading Apple premium reseller.

ISRO’s Target: First Privately Built PSLV Launch in Next 5 Years

ISRO’s Target: First Privately Built PSLV Launch in Next 5 Years

ISRO is performing well towards its plans of launching its first privately built PSLV in next five years. This launch will help the organization rope in the industry in its activities, believe experts.

According to latest confirmations, ISRO (the Indian Space Research Organization) has already started its workings towards its aim of the privately built PSLV launch. Moreover, there are reports that the organization has started off with the production of communication satellites and polar satellite launch vehicles (PSLVs) to the industry too.

VP Shivakumar Renounces Nokia

VP Shivakumar Renounces Nokia

According to a recent report, D Shivakumar, senior Vice-President for Emerging Markets of Nokia, including India, has resigned from the company.

The report said that the development is being seen against the background of mobile maker. The Finnish handset maker has been receiving more than Rs. 2,000 crore worth of demand notice from Indian tax authorities. The same is for alleged evasion of taxes in the nation in its business transactions.

Michael is no longer essential to Dell: says an expert

Michael is no longer essential to Dell: says an expert

Michael Dell, the founder of Dell Inc, is no longer essential to the computer giant, an expert from the University of Michigan said.

Erik Gordon, a business professor at the University of Michigan, said that Michael owns a significant stake in Dell Inc. but he is not essential if it a question of taking less than total control of the company.

Speaking on the topic, "Michael is no longer essential to Dell. His attractiveness as a partner to a buyer is the size of his ownership stake. If you are willing to take less than total control, you don't need him as much."

AIR Gets Android Application

AIR Gets Android Application

As per recent reports, it has been revealed that All India Radio, 83-year-old radio station in India, has got a bit of technical makeover. It has been said so as the radio now has an Android app known as the AIR News app.

The application which is available for download is said to be revived the India's age radio service. Main aim of the new application will be to bring the news from the AIR News network across India. A number of programnme can also be heard from the application.

Nokia to offer mobile insurance cover

Nokia to offer mobile insurance cover

Nokia India, the Indian arm of Finnish handset maker Nokia, has teamed up government-owned New India Assurance to offer customers insurance cover against any loss or damage of their handsets.

The company announced that customers purchasing Nokia devices from Nokia-branded retail stores would be offered insurance cover at 1.25 per cent of the price of the phone.

The minimum premium for the insurance cover plan has been fixed at Rs 50, and the plan will take effect from Thursday.

Apple, Samsung resume patent battle in Australian courts

Apple, Samsung resume patent battle in Australian courts

American tech giant Apple and South Korean electronics giant Samsung resumed their legal battle in Australian courts on Monday.

Apple argues that Samsung has infringed on nineteen of its patents in developing its nine smartphones and two tablet computers. On the other hand, Samsung claims that Apple has infringed on a number of its patents in developing its iPhones and iPads.

Two justices, viz. Justice Annabelle Bennett and Justice David Yates heard the initial case together. Justice Bennett has heard the Apple-Samsung case since hearings started in 2011.