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Showing posts with the label US

Google is betting big on cloud services to woo Indian companies

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The US-based company has over 1,000 security engineers working on Google Cloud In the face of rising competition from Amazon Web Services and Microsoft, global tech giant Google is betting big on its cloud services to woo 44 million small and medium enterprises (SMEs), more than 20,000 start-ups and hundreds of major companies. Google’s cloud customers in India include Ashok Leyland,  Online flight booking, Hotels, Bus & Holiday Packages at Goibibo , Hero MotoCorp,  Life, Car, Health, Travel , Quikr, Yaatra, SBI Cards, Hike Messenger, Vistara and ShareChat. The company, which currently has three data centres in Mumbai, is on an expansion spree. Knowing that the demand is set to increase from the fintech sector in over the next couple of months as banks and non-banking financial institutions hurry to meet Reserve Bank of India’s (RBI) directive to bring financial data back to India, the company is hoping for a rise in demand. The tech giant is pitc...

TCS Board clears Rs 16,000 cr share buyback; biggest in India

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The buyback size works out to 2.85% of firm's paid up equity capital, at Rs 2,850 a share Tata Consultancy Services' (TCS')   board of directors has approved a proposal to buyback up to 5,61,40,351 equity shares of the company for an aggregate amount not exceeding Rs 16,000 crore, the company informed BSE in a filing. The buyback size works out to 2.85 per cent of the company's total paid up equity share capital, at Rs 2,850 per equity share. "The buyback is proposed to be made from the shareholders of the company on a proportionate basis under the tender offer route using the stock exchange mechanism in accordance with the provisions contained in the Sebi (Buy Back of Securities) Regulations, 1998, and the Companies Act, 2013, and rules made thereunder," the filing said. Further, the buyback size does not include any expenses incurred or to be incurred for the buyback like filing fees, advisory fees, public announcement publication expenses, print...

Full text: Barack Obama's farewell speech

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Democracy is the idea that we rise or fall as one, said Barack Obama Latest News   : It’s good to be home. My fellow Americans, Michelle and I have been so touched by all the well-wishes we’ve received over the past few weeks. But tonight it’s my turn to say thanks. Whether we’ve seen eye-to-eye or rarely agreed at all, my conversations with you, the American people – in living rooms and schools; at farms and on factory floors; at diners and on distant outposts – are what have kept me honest, kept me inspired, and kept me going. Every day, I learned from you.   Barack Obama Farewell Speech   You made me a better President, and you made me a better man. I first came to Chicago when I was in my early twenties, still trying to figure out who I was; still searching for a purpose to my life. It was in neighborhoods not far from here where I began working with church groups in the shadows of closed steel mills. It was on these streets where I witnessed the power of fait...

Melania Trump is set to be a long-distance first lady

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She was an elusive figure in the campaign, had no political experience before her husband's stunningly successful outsider campaign A long-distance   first lady   will be one of the many different things about Donald Trump's administration. Breaking with tradition, Melania Trump and 10-year-old son Barron will remain in New York City until the end of the school year, after the new president moves into the   White House on January 20. The decision sets Melania Trump apart from other first ladies. But it seems in character for the former model and naturalised US citizen from Slovenia. She was an elusive figure in the campaign and had no political experience before her husband's stunningly successful outsider campaign. In an interview with US Weekly earlier this year,   Melania Trump   said that Barron "needs a parent at home, and I like to keep it as normal as possible. Read Source>>>

Donald Trump vows to immediately deport up to 3 million undocumented immigrants

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There are an estimated 11 mn documented immigrants in US, several hundred thousand are believed to be Indian-Americans In line with his hardline immigration stance, President-elect  Donald Trump  has vowed to immediately deport up to three million undocumented immigrants, saying "we are getting them out of our country or we are going to incarcerate". "What we are going to do is get the people that are criminal and have criminal records, gang members, drug dealers, where a lot of these people, probably two million, it could be even three million, we are getting them out of our country or we are going to incarcerate," Trump told  CBS News . "But we're getting them out of our country, they're here illegally," the 70-year-old business tycoon-turned politician said in an excerpt released ahead of broadcast of the interview. During the election campaign, Trump had warned that those countries which do not accept these illegal  immigrants , he ...

Samsung sued after Note 7 exploded in man's pocket in US

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Samsung sued after Note 7 exploded in man's pocket in US Adding to Samsung's woes over Galaxy Note 7, a man from Florida has sued the South Korean company after a Note 7 device exploded in his pocket while at work in Palm Beach Gardens. Jonathan Strobel suffered severe and "deep second-degree burns" on his right thigh and thumb when the phone exploded,   West Palm Beach News - Breaking News, Local Headlines & Weather   reported on Monday. The lawsuit has asked for $15,000 in compensatory damages from   Samsung Note 7 . Strobel later received an email from the company, requesting him to surrender Note 7. "Samsung is a big corporation and they control the information that's put out. They obviously knew what was wrong (with the phone). Unfortunately for Strobel, it was too late for the mandatory recall, Strobel's lawyer was quoted as saying.   read full story

China's LeEco to buy Vizio for $2 billion

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China's LeEco to buy Vizio for $2 billion China's Le Holdings, also known as LeEco, said on Tuesday it would buy US consumer electronics company   Vizio   for $2 billion. Irvine, California-based Vizio makes affordable flat screen televisions, soundbars and LCD monitors. Founded in 2002, the company is now one of the largest manufacturers of TV sets in the United States. Vizio, which filed for an initial public offering last year, generated sales of $1.3 billion in the first six months of 2015, according to IPO documents. Vizio's hardware and software units will be operated as a wholly owned subsidiary of LeEco. The company's Inscape TV viewership data business will be spun out as a privately owned company,   LeEco   said. Founded in 2004, LeEco started selling smartphones in   China   in April last year. Earlier this year, the company unveiled an all-electric battery concept car. Bank of America Merrill Lynch advised Vizio on the deal, whil...

Turkey rejects EU Commissioner's claim that it prepared arrest lists before coup

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Turkey rejects EU Commissioner's claim that it prepared arrest lists before coup Turkish Foreign Minister Mevlut Cavusoglu has strongly rejected claims that Turkey's government had prepared arrest lists before Friday's failed coup attempt,   Anadolu agency reported on Monday. Speaking in Brussels on Monday,   European Union 's Commissioner for European Neighbourhood Policy (ENP) and Enlargement Negotiations Johannes Hahn was quoted as saying: "It looks at least as if something has been prepared. The lists are available, which indicates it was prepared and to be used at a certain stage." He was speaking after the failed coup attempt in   Turkey   on July 15 which claimed more than 200 lives and injured thousands. More than 6,000 suspects have been arrested in connection with the plot, including military figures and judges. Cavusoglu later tweeted that Hahn "is far from thoroughly comprehending what is going on in Turkey". He added that Tur...

Facebook to live stream US Democratic, Republican conventions

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Facebook to live stream US Democratic, Republican conventions Social networking giant   Facebook   has partnered with the US television network ABC for a non-stop live streaming of both the   Democratic   and   Republican   National Conventions. The Republican National Convention started in Cleveland, Ohio on Monday night and will run till Thursday while the Democratic National Convention is set for July 25-28 in Philadelphia, Pennsylvania. Not just livestreaming, Facebook will provide an in-depth coverage of both the events, reported on Monday. Earlier, micro-blogging site Twitter had signed a deal with the US television network CBS to stream both the conventions. Twitter has permission to broadcast the CBSN feed—the company's 24-hour digital news streaming service—and anyone online can watch for free even if they do not have a Twitter account.   Read More

Trump seeks $10 million from former aide in disclosure case

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Trump seeks $10 million from former aide in disclosure case Republican presidential candidate   Donald Trump   is seeking $10 million in damages from a former senior campaign consultant, Sam Nunberg, alleging that Nunberg leaked confidential information to reporters in violation of a nondisclosure agreement. In a court filing obtained by The Associated Press, Nunberg accuses Trump of trying to silence him "in a misguided attempt to cover up media coverage of an apparent affair" between senior campaign staffers. The document cited a New York Post story about a public quarrel between the staffers published last month. The legal dispute reflects Trump's efforts to aggressively protect the secrecy of his campaign's inner workings. The case is spelled out in court documents that sought to block private arbitration proceedings that Trump initiated in May.   Read More

Charges of anti-Semitism over tweet are 'ridiculous': Donald Trump

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Charges of anti-Semitism over tweet are 'ridiculous': Donald Trump Donald Trump says Hillary Clinton's campaign is "ridiculous" to portray an anti-Clinton tweet that appeared to depict the Star of David atop a pile of cash as   anti Semitism . In a statement issued by his Republican presidential campaign yesterday evening, Trump suggested Clinton and her allies were using the matter to distract from her own recent campaign troubles. Trump said the tweet portrayed "a basic star, often used by sheriffs who deal with criminals and criminal behaviour," as part of an effort to convey that "Crooked   Hillary Clinton   is the most corrupt candidate ever." It was the presumptive GOP nominee's most extensive comment since his official account tweeted then deleted the image Saturday, sparking uproar over its potentially anti-Semitic connotations. Trump's account later posted a new version with a circle in place of the six-point star. ...

ISIS may plan Istanbul like attack in US: CIA

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ISIS may plan Istanbul like attack in US: CIA The Islamic State terror group may carry out a terror attack similar to the one at Istanbul's Ataturk airport,   CIA   Director   John Brennan   has said. The despicable attack at Istanbul's   international   airport that killed dozens and injured several certainly bears the "hallmarks" of the Islamic State's depravity, Brennan said here yesterday. "We've seen ISIL (Islamic State) carry out and incite an array of terrorist attacks in the region, directly, indirectly and I would be surprised that ISIL is not considering carrying out these attacks in the near abroad as well as the far abroad," he said. "And the United States, as we well know, is leading the coalition to try to destroy as much of this poison, inside of Syria and Iraq, as possible. So it would be surprising to me that ISIL is not trying to hit us, both in the region as well as in our homeland," Brennan said while to repl...

Favourability ratings of Clinton, Trump increased: Gallup survey

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Favourability ratings of Clinton, Trump increased: Gallup survey The favourability ratings of   Donald Trump   and   Hillary Clinton   have increased since they clinched the   presidential nominations   of the respective Republican and Democratic parties, a Gallup survey said on Thursday. Since clinching nomination in early June, Clinton's favourable ratings among Democrats and Democratic-leaning independents have gone up slightly to 71%, compared with 68% in April and May, the survey said. 68-year-old Clinton's image is now partly restored to what it was at the start of the year when 74% of   Democratic   viewed her favourably. Trump has also maintained higher favourable ratings among Republicans and the party leaders since he emerged as the sole   Republican   candidate in May compared with earlier in the year. Trump's favourable ratings among Republicans averages 64% so far in June, the same as in May but higher than the...