Current Affairs - 21st May 2014
Reliance Jio Infocomm Launches WiFi Hotspot on Pilot Basis
Reliance Jio Infocomm has started rolling out mobile network and WiFi hotspots on pilot basis ahead of its plan to launch 4G later this year. The telecom division of RIL plans to use multiple standards for its 4G data offering and varying technologies including wire-line services.
Snapdeal Raises $100 Million From 5 Investors
Snapdeal raised $100 million from 5 investors to meet the challenges of India's fast growing onliner retail space. This investment deal values Snapdeal at $1 billion making it the fourth start-up in India to reach this milestone after Flipkart, according to a leading data analytics provider.
US Software Giant Microsoft Launches the Surface Pro 3 Tablet
US software company Microsoft launched its Surface Pro 3 tablet for helping users who want to replace their laptop. The Surface Pro 3 has a 12 inch screen and it weighs 800 grams. The Surface Pro 3 is not only faster but also extremely thin. The surface tablet is a niche device aimed at productivity.
Microsoft Devices Launches Nokia XL
Microsoft Devices which recently acquired Nokia's handset business launched the Nokia XL in the Indian market. The cost of this product is pegged at Rs. 11,489. This is a range of smartphones that run Android apps. This smartphone has 2,000 mAh battery, and 768 MB RAM.
T-Genco Formed in Telegana
The Telengana Power Generation Corporation Limited (T. Genco) has come into existence following the stamp of approval given by the Registrar of Companies. T-Genco is pegged to have an authorised capital of Rs. 1,500 crore.
Airtel Extends 4G to Ludhiana
Bharti Airtel has expanded its 4G operations in India. It has now extended 4G services to Ludhiana. This is the fifth Indian city to get Airtel 4G services. Bharti Airtel has successfully launched 4G in four other cities including Bangalore.
Panasonic P81 Launched
Panasonic has pulled the wraps off its new smartphone. This new smartphone dubbed P81 is a first octa core product launched by the company. The newest smartphone launched by Panasonic is priced at Rs. 18,990.
Merrill Lynch Sells 1% Stake in Educare
Merrill Lynch Capital Markets Espana SA SV sold 4.08 lakh shares which is 1.03% in MT Educare. The stake was sold for 3.8 crores at $95.05 per share on the BSE. Shares of the company recently closed 2.20 percent up at Rs.95.05 on the BSE.
BSE Approves Merger of United Stock Exchange With Itself
The Bombay Stock Exchange approved the merger of United Stock Exchange with itself. The merger will take effect subject to the receipt of requisite statutory and regulatory approvals. USE created a record of registering a high turnover of Rs. 45,486 crore on its inaugural day in 2010.
