Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:14:\"strict warning\";s:8:\"%message\";s:62:\"Non-static method view::load() should not be called statically\";s:5:\"%file\";s:63:\"/home/themoney/public_html/sites/all/modules/views/views.module\";s:5:\"%line\";i:906;}', 3, '', 'http://www.themoneytimes.com/taxonomy/term/180/all/feed', '', '54.144.83.141', 1455101300) in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:14:\"strict warning\";s:8:\"%message\";s:109:\"Declaration of views_handler_argument::init() should be compatible with views_handler::init(&$view, $options)\";s:5:\"%file\";s:86:\"/home/themoney/public_html/sites/all/modules/views/handlers/views_handler_argument.inc\";s:5:\"%line\";i:744;}', 3, '', 'http://www.themoneytimes.com/taxonomy/term/180/all/feed', '', '54.144.83.141', 1455101300) in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:14:\"strict warning\";s:8:\"%message\";s:134:\"Declaration of views_handler_filter::options_validate() should be compatible with views_handler::options_validate($form, &$form_state)\";s:5:\"%file\";s:84:\"/home/themoney/public_html/sites/all/modules/views/handlers/views_handler_filter.inc\";s:5:\"%line\";i:607;}', 3, '', 'http://www.themoneytimes.com/taxonomy/term/180/all/feed', '', '54.144.83.141', 1455101300) in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:14:\"strict warning\";s:8:\"%message\";s:130:\"Declaration of views_handler_filter::options_submit() should be compatible with views_handler::options_submit($form, &$form_state)\";s:5:\"%file\";s:84:\"/home/themoney/public_html/sites/all/modules/views/handlers/views_handler_filter.inc\";s:5:\"%line\";i:607;}', 3, '', 'http://www.themoneytimes.com/taxonomy/term/180/all/feed', '', '54.144.83.141', 1455101300) in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:14:\"strict warning\";s:8:\"%message\";s:148:\"Declaration of views_handler_filter_node_status::operator_form() should be compatible with views_handler_filter::operator_form(&$form, &$form_state)\";s:5:\"%file\";s:100:\"/home/themoney/public_html/sites/all/modules/views/modules/node/views_handler_filter_node_status.inc\";s:5:\"%line\";i:13;}', 3, '', 'http://www.themoneytimes.com/taxonomy/term/180/all/feed', '', '54.144.83.141', 1455101300) in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:14:\"strict warning\";s:8:\"%message\";s:62:\"Non-static method view::load() should not be called statically\";s:5:\"%file\";s:63:\"/home/themoney/public_html/sites/all/modules/views/views.module\";s:5:\"%line\";i:906;}', 3, '', 'http://www.themoneytimes.com/taxonomy/term/180/all/feed', '', '54.144.83.141', 1455101300) in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:14:\"strict warning\";s:8:\"%message\";s:130:\"Declaration of views_plugin_row::options_validate() should be compatible with views_plugin::options_validate(&$form, &$form_state)\";s:5:\"%file\";s:79:\"/home/themoney/public_html/sites/all/modules/views/plugins/views_plugin_row.inc\";s:5:\"%line\";i:134;}', 3, '', 'http://www.themoneytimes.com/taxonomy/term/180/all/feed', '', '54.144.83.141', 1455101300) in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:14:\"strict warning\";s:8:\"%message\";s:126:\"Declaration of views_plugin_row::options_submit() should be compatible with views_plugin::options_submit(&$form, &$form_state)\";s:5:\"%file\";s:79:\"/home/themoney/public_html/sites/all/modules/views/plugins/views_plugin_row.inc\";s:5:\"%line\";i:134;}', 3, '', 'http://www.themoneytimes.com/taxonomy/term/180/all/feed', '', '54.144.83.141', 1455101300) in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:7:\"warning\";s:8:\"%message\";s:137:\"Cannot modify header information - headers already sent by (output started at /home/themoney/public_html/includes/database.mysql.inc:135)\";s:5:\"%file\";s:46:\"/home/themoney/public_html/includes/common.inc\";s:5:\"%line\";i:153;}', 3, '', 'http://www.themoneytimes.com/taxonomy/term/180/all/feed', '', '54.144.83.141', 1455101301) in /home/themoney/public_html/includes/database.mysql.inc on line 135
Mergers &amp; Acquisitions http://www.themoneytimes.com/taxonomy/term/180/all/feed en Apple Confirms Its Acquisition Of Prime Sense, 3D Sensor Company http://www.themoneytimes.com/featured/20131125/apple-confirms-its-acquisition-prime-sense-3d-sensor-company-id-1701713725.html <div class="field field-type-text field-field-teaser"> <div class="field-items"> <div class="field-item odd"> <p>Apple has put a full stop to an array on speculations and rumors that were circulated few days back that it has sealed the deal with Prime Sense, the 3D sensor company based in Israel. While the reports earlier conveyed that the transaction would cost anywhere between $300 million to $350 million, the actual figure of the transaction was a whopping sum close to $360 million though the real money involved in the deal is not disclosed. </p> </div> </div> </div> <div class="field field-type-filefield field-field-image"> <div class="field-items"> <div class="field-item odd"> <img src="http://www.themoneytimes.com/files/imagecache/picturethumb/logo_14.jpg" alt="" title="" class="imagecache imagecache-picturethumb imagecache-default imagecache-picturethumb_default" width="180" height="59" /> </div> </div> </div> <p>The spokesperson of Apple, Kristin Huguet said that it buys small technology from various companies every now and then and it is not interested to discuss about the purpose or plans behind it. This is the familiar line by Apple, which rolls out after closing out on each acquisition. </p> <p>Apple was involved in talks about the acquisition with the 3D sensing company right from July and is said to have offered $280 million initially for this company that is Tel Aviv based. The company is popular for its gesture control employed in Microsoft’s Xbox game console, which is a popular technology, used in Asus Xtion, iRobot’s Ava and 3D scanners. </p> <p><a href="http://themoneytimes.com/featured/20140222/apple-quietly-issues-ios-update-fix-ssl-connection-vulnerability-id-1701713841.htm">Apple Inc.</a> discovered that Israel has an immense trove filled with treasures last year and acquired Anobit, the maker of flash storage last year for about $400 million. It is notable that the 3D company based in Israel, Prime Sense had raised its capital of $85 million from the capital funds of Israel and US such as Genesis Partners, Gemini Israel and Canaan Partners Global. </p> <p>Even if the iPhone giant does not employ the technology of Prime Sense in its latest next gen idevices, it would implement the UI based ones as a gesture by the company. As the rivals such as Samsung have already experimented in to space, it would be no wonder if Apple also tries its hand at an innovative measure. The biometric security feature offered through the Touch ID finger print sensor for the <a href="http://www.themoneytimes.com/taxonomy/term/93164">iPhone 5s</a> is an innovative feature that indicates a new start, Apple will still continue to roll out gadgets filled with latest technologies and polish them enough to make it user friendly! </p> 3D Sensor Company Acquisition Apple Business confirms Israel Israel Mergers & Acquisitions Prime Sense Top Story Mon, 25 Nov 2013 08:07:47 +0000 dhivya 1701713725 at http://www.themoneytimes.com $9 billion order deal between Airbus and JAL http://www.themoneytimes.com/featured/20131007/9-billion-order-deal-between-airbus-and-jal-id-1701713628.html <div class="field field-type-text field-field-teaser"> <div class="field-items"> <div class="field-item odd"> <p>Airbus has entered into a ground-breaking deal with Japan Airlines Co. So, it has managed to enter into a terrain that had been captured by Boeing Co. for a very long time. </p> </div> </div> </div> <div class="field field-type-filefield field-field-image"> <div class="field-items"> <div class="field-item odd"> <img src="http://www.themoneytimes.com/files/imagecache/picturethumb/airbus_0.jpg" alt="" title="" class="imagecache imagecache-picturethumb imagecache-default imagecache-picturethumb_default" width="180" height="120" /> </div> </div> </div> <p>After placing an order with the Airbus, this turns out to be a maiden venture for the company. The win of Airbus is an epitome of the long-term repercussions on Boeing’s relationship with its great customers such as JAL. Boeing witnessed a loss after a huge procrastination of three and half years to its flagship 787 Dreamliner program. </p> <p>Earlier during the grounding of jet this year, it was witnessed that JAL had questioned the long-term exclusivity between the two companies. </p> <p>Presently the deal involves 31 long-haul A350 jetliners with a catalog price of 950 billion yen ($9.75 billion). The two companies have said that the deal also gives an option to have 25 more jetliners.</p> <p>Fleshing out the details, the companies have said that the deal would be effective from 2019. In the next six years, a new range of planes would be launched, said the authorities concerned. </p> <p>According to the JAL President Yoshiharu Ueki, the problems of Dreamliner did not influence its decision to join hands with Airbus. </p> <p>He said that the A350 properly fitted in the selection criteria for a safe, high-quality aircraft with the financial support of the manufacturer. And he added that the company also rolled out a time table that went well with its replacement cycle.</p> 31 long-haul A350 jetliners Airbus Boeing Co. Boeing’s relationship with JAL Business deal of 950 billion yen JAL Orders $9.5 Billion Worth of Airbus Jets JAL President Yoshiharu Ueki Japan Japan Airlines Japan Airlines Co. Mergers & Acquisitions Top Story Mon, 07 Oct 2013 12:15:11 +0000 Neha Dutt 1701713628 at http://www.themoneytimes.com Will Microsoft and Nokia Agreement of $7.2 billion be profitable? http://www.themoneytimes.com/featured/20130903/will-microsoft-and-nokia-agreement-72-billion-be-profitable-id-1701713544.html <div class="field field-type-text field-field-teaser"> <div class="field-items"> <div class="field-item odd"> <p>The Finnish multinational company,Nokia Oyj, has wrapped up its handset business that it once ruled and dominated. Recent updates from the company's arena is that Microsoft Corp. is in a deal with Nokia to buy NOK1V's handset business for 5.44 billion euros ($7.2 billion).</p> </div> </div> </div> <div class="field field-type-filefield field-field-image"> <div class="field-items"> <div class="field-item odd"> <img src="http://www.themoneytimes.com/files/imagecache/picturethumb/nokmic.jpg" alt="" title="" class="imagecache imagecache-picturethumb imagecache-default imagecache-picturethumb_default" width="180" height="122" /> </div> </div> </div> <p> The companies unveiled to the media at a news conference that the deal encapsulates paying of five billion $US for the devices unit and two billion one hundred seventy-six million US dollars for patents. </p> <p>Following this development, Nokia's CEO Elop would be moving to Microsoft Corp. As soon as the deal would be closed, Nokia board chairman Risto Siilasmaa will take over CEO duties and the firm would be looking at a new CEO. </p> <p>Steve Ballmer, chief executive officer of Microsoft Corp., was found saying on a blog, “Today marks a moment of reinvention. With the commitment and resources of Microsoft to take Nokia’s devices and services forward, we can now realize the full potential of the Windows ecosystem, providing the most compelling experiences for people at home, at work and everywhere in between.”</p> <p>According to Paul Budde, a Sydney-based telecommunications consultant, “Both Nokia and Microsoft really missed the boat in terms of smartphones, and it is extremely difficult to claw your way back from that. The question is whether combining two weak companies will get you a strong new competitor. It’s doubtful.”</p> <p>This April-June Quarter, Q3, had turned out to be bad for the revenues of Nokia. Its N9 project with MeeGo that had already stopped its sales in Finland and Sweden decided to close the project recently. Codenamed as Lankku, Nokia N9 that was highly regarded and profitable, unfortunately could not claw its way back. </p> <p>Focusing on selected markets and curbing the sales efforts is not usually termed as the best policy. Here I would like to quote Paul Harvey by saying, "Marketing executives who stop advertising to save money are like people who stop the clock to save time." Probably Nokia failed to learn lessons from Motorola and Palm!!</p> <p>Undoubtedly, the company has fought for its existence as the cash-flow challenges had surged because of the narrow demand of its handsets in the market. Nokia's sales of handset plummeted by 27 percent in the second quarter. It lost 5 billion euros in nine quarters.</p> <p>Another weak company that is involved in the deal, Microsoft Corp., could not grow with the changing times. The consumers were seen switching from using its core Windows software to PC, and then mobile services. The wheels were seen to fall off from Microsoft as the <a href="http://www.themoneytimes.com/node/1701711241">iPods</a> transformed the media industry, <a href="http://www.themoneytimes.com/node/1701713112">iPads</a> gushed with the wind, and <a href="http://www.themoneytimes.com/node/1701713236">iPhones</a> touched the horizon. </p> <p>From a customer point of view I would like to witness the change that this moment of reinvention, as mentioned by Steve Ballmer, would result in. </p> a Sydney-based telecommunications consultant Business Finland iPad iPhone Mergers & Acquisitions Microsoft Corp. Motorola Nokia Nokia Oyj Paul Budde Siemens Sweden Top Story United States windows Tue, 03 Sep 2013 07:31:18 +0000 Neha Dutt 1701713544 at http://www.themoneytimes.com Wikipedia access free for Aircel Mobile users!! http://www.themoneytimes.com/featured/20130726/wikipedia-access-free-aircel-mobile-users-id-1701713392.html <div class="field field-type-text field-field-teaser"> <div class="field-items"> <div class="field-item odd"> <p>Good news for the Aircel users!! Wikimedia Foundation has joined hands with Aircel, the Indian mobile operator. The Aircel customers can smile as Wikipedia mobile websites can be accessed free of cost</p> </div> </div> </div> <div class="field field-type-filefield field-field-image"> <div class="field-items"> <div class="field-item odd"> <img src="http://www.themoneytimes.com/files/imagecache/picturethumb/aircel.jpg" alt="" title="" class="imagecache imagecache-picturethumb imagecache-default imagecache-picturethumb_default" width="180" height="121" /> </div> </div> </div> <p><strong>Free Wikipedia usage</strong></p> <p>The customers don’t have to worry about charges levied as they access the site and will have free mobile access to Wikipedia. So folks, get ready for some valuable information dug up from Wikipedia's mobile websites, but only if you have the Aircel connections. They can just type m.wikipedia.org and go exploring!</p> <p>The Wikimedia Foundation admits that the Indian Markets are seeing the first Wikipedia Zero rollout. Now Wikipedia can look forward to about 60 million new users in India, with this partnership with Aircel. The information by the website will be available in the Hindi, English, Tamil and 17 other languages being spoken in India on the Aircel users’ mobile phones.</p> <p><strong>Wikipedia and Aircel partnership</strong></p> <p>Wikipedia's mobile site, m.wikipedia.org will now give free access to customers. Reports say that that the text only version of the mobile site of Wikipedia called the zero.wikipedia.org, will also be optimized for the connections that are slow.</p> <p>Chief Marketing Officer for Aircel, Anupam Vasudev, stated ,"Through our alliance with the Wikimedia Foundation, Aircel is not only making internet services reach a wider audience, but also helping to encourage and enrich the lives of our customers by offering access to knowledge and information free of cost. We are excited about this partnership and hope this initiative will benefit all our customers from various age groups."</p> <p>Kul Takanao Wadhwa, Head of Mobile with the Wikimedia Foundation commented to the dailies "We hail Aircel's commitment to enhancing and expanding access to free knowledge for their mobile customers. With the partnership, we extend our program to India where we potentially reach millions of people for the first time.” </p> <p>He further stated "Aircel is one of the operators across the globe that has contributed towards expanding free access to Wikipedia Zero to 470 mn mobile users."</p> <p>So for the next 3 years enjoy the partnership of the Aircel and Wikipedia foundation for free.</p> Aircel free of cost free service Indian mobile operator m.wikipedia.org Mergers & Acquisitions mobile users partnership Technology United States Wikimedia Foundation Wikipedia mobile websites zero.wikipedia.org Fri, 26 Jul 2013 08:57:10 +0000 Minnie Mahendru 1701713392 at http://www.themoneytimes.com Tech Mahindra becomes the fifth-largest Indian IT service provider http://www.themoneytimes.com/featured/20130626/tech-mahindra-becomes-fifth-largest-indian-it-service-provider-id-1701713268.html <div class="field field-type-text field-field-teaser"> <div class="field-items"> <div class="field-item odd"> <p>Two IT services Tech Mahindra and Mahindra Satyam (Satyam Computer Services ) formally completed the official merger on Tuesday. Announcement of the amalgamation comes four years after the Mahindra group acquired fraud-hit Satyam Computer Services.</p> </div> </div> </div> <div class="field field-type-filefield field-field-image"> <div class="field-items"> <div class="field-item odd"> <img src="http://www.themoneytimes.com/files/imagecache/picturethumb/images%20%2824%29.jpg" alt="" title="" class="imagecache imagecache-picturethumb imagecache-default imagecache-picturethumb_default" width="180" height="167" /> </div> </div> </div> <p>The merger had been approved by the boards of two companies on March 21, 2012 but was awaiting clearance from the Andhra Pradesh High Court, which gave the nod earlier this month.</p> <p>The swap ratio for the merger had been fixed last year at 8.5 shares of Mahindra Satyam for every one share of Tech Mahindra.</p> <p>Anand Mahindra, group chairman, Mahindra &amp; Mahindra, said, "Today we have fulfilled the commitment made in 2009, when we acquired Satyam, to jointly become one of the largest, diversified players leveraging technology for business solutions. </p> <p>"Tech Mahindra is a testimony to the tireless efforts of our associates and the trust reposed by our investors. I'm confident that we are now geared to grow even faster in the future.”</p> <p><strong>One of the top 5 IT companies</strong><br /> The merged entity will be called Tech Mahindra and has a new logo now. Anand Mahindra will be the chairman CP Gurnani the MD and CEO while Milind Kulkarni will take charge as the CFO.</p> <p>Tech Mahindra is now one of top five IT companies, with revenue of $ 2.7 billion. It has a professional strength of 84,000, servicing 540 customers across 46 countries. The combined entity will now be divided into three units--Telecom, Enterprise and BPO (business process outsourcing).</p> <p>The Bombay headquartered company now has 11 locations in India and 15 overseas for BPO operations and software development.</p> <p>"Over the past four years, while we worked through the statutory and legal issues, our teams worked closely on the ground to integrate processes, eliminate overlaps, leverage best practices and deliver enhanced value to all our stakeholders. Today, as we formally become one, our unified go-to-market strategy will allow us to meet the growing needs of businesses with renewed vigor and pro-activeness," said Vineet Nayyar, Executive Vice Chairman, Tech Mahindra.</p> <p>Shares in both the companies traded higher with over one per cent gains each. While Satyam rose 1 per cent to Rs. 115.90, Tech Mahindra advanced 1.1 per cent to Rs. 1,010.20 on Bombay Stock Exchange.</p> <div class="field field-type-text field-field-imagecaption"> <div class="field-items"> <div class="field-item odd"> <p>Tech Mahindra has $2.7 billion revenue, an 84,000-strong workforce and 540 clients in 46 nations</p> </div> </div> </div> combined company has $2.7 billion revenue fifth-largest Indian IT service provider India merger official Mergers & Acquisitions Tech Mahindra Top Story Wed, 26 Jun 2013 09:57:57 +0000 Neka Sehgal 1701713268 at http://www.themoneytimes.com Motorola comes out clean against Microsoft's patent allegation http://www.themoneytimes.com/featured/20121006/motorola-comes-out-clean-against-microsofts-patent-allegation-id-1701712152.html <div class="field field-type-text field-field-teaser"> <div class="field-items"> <div class="field-item odd"> <p>The company won a lawsuit case against Microsoft in a German court.</p> </div> </div> </div> <div class="field field-type-filefield field-field-image"> <div class="field-items"> <div class="field-item odd"> <img src="http://www.themoneytimes.com/files/imagecache/picturethumb/motorola-logo1-250x188.jpg" alt="" title="" class="imagecache imagecache-picturethumb imagecache-default imagecache-picturethumb_default" width="180" height="135" /> </div> </div> </div> <p>The recently erupted episodes of technology firms fighting over development acknowledgements doesn’t seem to take a placid turn. Before the infamous Apple v Samsung tiff could fade from our memories, another law suit decision between Google owned Motorola and Microsoft is all set to dominate news.</p> <p><strong> The matter </strong><br /> Microsoft had filed a petition against Motorola in Manheim court, alleging the latter violated Microsoft's patent technology that enabled applications to work on different handsets without writing separate codes for all. </p> <p>However, the court has dismissed Microsoft's claims and placed a verdict in favour of debt ridden phone company Motorola. </p> <p><strong> impact </strong><br /> The court's decision is expected to create ripples of opinions in the handset application development market as this will allow the developers to frame a unique code for different handsets, thereby reducing development costs.</p> <p>The decision brings big relief for Motorola, that had endured as many as three lawsuits defeat at the hands of Microsoft in German court. However, Microsoft's earlier victories refrain a large number of disputed smartphones for sales in the country's market.</p> <p>This decision does not impact multiple injunctions Microsoft has already been awarded and has enforced against Motorola products in Germany," said David Howard, associate general counsel at Microsoft.</p> <p><strong> How it affected Google? </strong><br /> Google made its largest acquisition over Motorola last year at a splurging amount of $12 billion. Google aimed at boosting its undisputed status in the market, by adding hardware development to its portfolio alongside its brimming software business. </p> <p>It expected to suppress down a number of legal threats against its Android OS. Subsequently, the company may reconsider its much talked about acquisition, since it has been entangled into a lot of patent ridden law suits attached with Motorola.</p> Android application development Business german court Legal legal action Mergers & Acquisitions Microsoft Motorola patent issue smartphones Technology Top Story Sat, 06 Oct 2012 06:19:31 +0000 Akshay Sharma 1701712152 at http://www.themoneytimes.com Once start up giant 'Digg' sold for mere $500,000 http://www.themoneytimes.com/featured/20120713/once-start-giant-digg-sold-mere-500000-id-1701711909.html <div class="field field-type-text field-field-teaser"> <div class="field-items"> <div class="field-item odd"> <p>Digg, the 'social news' site which was once the poster child for Web 2.0 and valued at up to $175m, has been sold to New York technology development company Betaworks for just $500,000 (£324,000) in cash plus equity.</p> </div> </div> </div> <div class="field field-type-filefield field-field-image"> <div class="field-items"> <div class="field-item odd"> <img src="http://www.themoneytimes.com/files/imagecache/picturethumb/Digg-sold-for-500000.jpg" alt="" title="" class="imagecache imagecache-picturethumb imagecache-default imagecache-picturethumb_default" width="180" height="135" /> </div> </div> </div> <p>Digg was founded in 2004.</p> <p><a href="http://www.themoneytimes.com/featured/20120713/once-start-giant-digg-sold-mere-500000-id-1701711909.html" target="_blank">read more</a></p> Betaworks Digg Facebook Google LinkedIn Mergers & Acquisitions MySpace Reddit Top Story Twitter Fri, 13 Jul 2012 12:07:01 +0000 RESHMI CHAKRAVORTY 1701711909 at http://www.themoneytimes.com Facebook acquires facial recognition startup Face.com for $ 100 million http://www.themoneytimes.com/featured/20120620/facebook-acquires-facial-recognition-startup-facecom-100-million-id-1701711841.htm <div class="field field-type-text field-field-teaser"> <div class="field-items"> <div class="field-item odd"> <p>Finally all speculations have been put to rest. Facebook has announced its acquisition of Israeli facial recognition technology Face.com. The acquisition price was around $100m, with different reports claiming the price to be between $80m-$100m. </p> </div> </div> </div> <div class="field field-type-filefield field-field-image"> <div class="field-items"> <div class="field-item odd"> <img src="http://www.themoneytimes.com/files/imagecache/picturethumb/facefacebook-650x350.jpg" alt="" title="" class="imagecache imagecache-picturethumb imagecache-default imagecache-picturethumb_default" width="180" height="97" /> </div> </div> </div> <p>The deal boost one of Facebook's most popular features; the sharing and handling of photos but the u</p> <p><a href="http://www.themoneytimes.com/featured/20120620/facebook-acquires-facial-recognition-startup-facecom-100-million-id-1701711841.htm" target="_blank">read more</a></p> $ 100 million acquires Face.com Facebook facial recognition Instagram Mark Zuckerberg Mergers & Acquisitions Top Story Wed, 20 Jun 2012 11:26:20 +0000 RESHMI CHAKRAVORTY 1701711841 at http://www.themoneytimes.com AT&T to offer to sell up to 40 percent of T-Mobile -- Bloomberg http://www.themoneytimes.com/featured/20111126/att-offer-sell-40-percent-t-mobile-bloomberg-id-1701711420.html <div class="field field-type-text field-field-teaser"> <div class="field-items"> <div class="field-item odd"> <p>AT&amp;T Inc. (NYSE:T) is planning to offer to divest a large chunk of T-Mobile USA to gain clearance from the Department of Justice (DOJ) for its takeover, Bloomberg reported citing a person familiar with the plan.</p> </div> </div> </div> <div class="field field-type-filefield field-field-image"> <div class="field-items"> <div class="field-item odd"> <img src="http://www.themoneytimes.com/files/imagecache/picturethumb/ATT_0.jpg" alt="" title="" class="imagecache imagecache-picturethumb imagecache-default imagecache-picturethumb_default" width="180" height="132" /> </div> </div> </div> <p>The size of the assets to be divested hasn't yet been decided, but it could even go up to 40 percent</p> <div class="field field-type-text field-field-imagecaption"> <div class="field-items"> <div class="field-item odd"> <p>The divestiture will likely contain a higher share of customers and lower percentage of spectrum, the source told Bloomberg.</p> </div> </div> </div> <p><a href="http://www.themoneytimes.com/featured/20111126/att-offer-sell-40-percent-t-mobile-bloomberg-id-1701711420.html" target="_blank">read more</a></p> $39 billion takeover acquisition of T-Mobile antitrust lawsuit application withdrawn asset sale AT&T Inc Business Department of Justice divest DOJ Fcc Federal Communications Commission Legal Mergers & Acquisitions Services T-Mobile Top Story United States Sat, 26 Nov 2011 13:36:38 +0000 amiteshwar 1701711420 at http://www.themoneytimes.com AT&T withdraws merger application, to take $4 billion charge http://www.themoneytimes.com/featured/20111125/att-withdraws-merger-application-take-4-billion-charge-id-1701711416.html <div class="field field-type-text field-field-teaser"> <div class="field-items"> <div class="field-item odd"> <p>AT&amp;T Inc. (NYSE:T) and Deutsche Telekom AG, the parent of T-Mobile, have withdrawn their applications with the Federal Communications Commission (FCC) after the agency's chairman moved to thwart AT&amp;T's acquisition of T-Mobile USA.</p> </div> </div> </div> <div class="field field-type-filefield field-field-image"> <div class="field-items"> <div class="field-item odd"> <img src="http://www.themoneytimes.com/files/imagecache/picturethumb/ATT.jpg" alt="" title="" class="imagecache imagecache-picturethumb imagecache-default imagecache-picturethumb_default" width="180" height="132" /> </div> </div> </div> <p>The two telecommunications giants said they were still committed to the merger and were only withdra</p> <div class="field field-type-text field-field-imagecaption"> <div class="field-items"> <div class="field-item odd"> <p>AT&amp;T has claimed its $39 billion takeover of T-Mobile would help create jobs, while FCC officials say the company's confidential filings indicate it would end up cutting jobs.</p> </div> </div> </div> <p><a href="http://www.themoneytimes.com/featured/20111125/att-withdraws-merger-application-take-4-billion-charge-id-1701711416.html" target="_blank">read more</a></p> $39 billion takeover $4 billion charge acquisition of T-Mobile antitrust lawsuit application withdrawn AT&T Inc Business Department of Justice Deutsche Telekom DOJ Fcc Federal Communications Commission Mergers & Acquisitions Services T-Mobile Top Story United States Fri, 25 Nov 2011 13:20:36 +0000 amiteshwar 1701711416 at http://www.themoneytimes.com Is the AT&T/T-Mobile deal in danger? http://www.themoneytimes.com/featured/20111124/attt-mobile-deal-danger-id-1701711414.html <div class="field field-type-text field-field-teaser"> <div class="field-items"> <div class="field-item odd"> <p>The chairman of the Federal Communications Commission (FCC), Julius Genachowski took steps Tuesday to thwart AT&amp;T's proposed $39 billion takeover of T-Mobile USA.</p> </div> </div> </div> <div class="field field-type-filefield field-field-image"> <div class="field-items"> <div class="field-item odd"> <img src="http://www.themoneytimes.com/files/imagecache/picturethumb/attsaidthehi_0.jpg" alt="" title="" class="imagecache imagecache-picturethumb imagecache-default imagecache-picturethumb_default" width="180" height="128" /> </div> </div> </div> <p>Genachowski circulated a draft order among other commissioners asking for an administrative hearing </p> <div class="field field-type-text field-field-imagecaption"> <div class="field-items"> <div class="field-item odd"> <p>AT&amp;T claims the acquisition will lead to billions of dollars in investment and create as many as 96,000 quality jobs in the United States.</p> </div> </div> </div> <p><a href="http://www.themoneytimes.com/featured/20111124/attt-mobile-deal-danger-id-1701711414.html" target="_blank">read more</a></p> administrative law judge for review and a hearing AT&T/T-Mobile Merger DOJ Federal Communications Commission (FCC) Julius Genachowski Mergers & Acquisitions Services Technology Top Story United States Thu, 24 Nov 2011 11:30:19 +0000 Neka Sehgal 1701711414 at http://www.themoneytimes.com Sony to buy Ericsson's share in Sony Ericsson http://www.themoneytimes.com/featured/20111027/sony-buy-ericssons-share-sony-ericsson-id-1701711337.html <div class="field field-type-text field-field-teaser"> <div class="field-items"> <div class="field-item odd"> <p>Sony Corp. is buying out Telefon AB LM Ericsson's 50 percent stake in their joint venture Sony Ericsson for €1.05 billion, or about $1.46 billion, in a bid to integrate smartphones into its consumer electronics portfolio.</p> </div> </div> </div> <div class="field field-type-filefield field-field-image"> <div class="field-items"> <div class="field-item odd"> <img src="http://www.themoneytimes.com/files/imagecache/picturethumb/sony-ericsson-logo_2.jpg" alt="" title="" class="imagecache imagecache-picturethumb imagecache-default imagecache-picturethumb_default" width="180" height="135" /> </div> </div> </div> <p>The deal, which will make Sony Ericsson a wholly-owned subsidiary of Sony, also awards Sony five ess</p> <div class="field field-type-text field-field-imagecaption"> <div class="field-items"> <div class="field-item odd"> <p>The deal is expected to close in January 2012.</p> </div> </div> </div> <p><a href="http://www.themoneytimes.com/featured/20111027/sony-buy-ericssons-share-sony-ericsson-id-1701711337.html" target="_blank">read more</a></p> Business Ericsson buyout Mergers & Acquisitions Sony Corp Sony Ericsson Technology Telefon Ericsson Top Story United States Thu, 27 Oct 2011 11:55:08 +0000 amiteshwar 1701711337 at http://www.themoneytimes.com Google, PE firms to acquire Yahoo? http://www.themoneytimes.com/featured/20111023/google-pe-firms-acquire-yahoo-id-1701711331.html <div class="field field-type-text field-field-teaser"> <div class="field-items"> <div class="field-item odd"> <p>In a move that may combine the two internet search engines, Google Inc. is in talks with two private equity firms about providing them finances to buy Yahoo Inc., the Wall Street Journal reported Saturday.</p> </div> </div> </div> <div class="field field-type-filefield field-field-image"> <div class="field-items"> <div class="field-item odd"> <img src="http://www.themoneytimes.com/files/imagecache/picturethumb/yahoo-building.png" alt="" title="" class="imagecache imagecache-picturethumb imagecache-default imagecache-picturethumb_default" width="180" height="107" /> </div> </div> </div> <p>The internet search giant Google and would-be partners have talked on the possibility of the deal, b</p> <div class="field field-type-text field-field-imagecaption"> <div class="field-items"> <div class="field-item odd"> <p>Despite being the fourth largest site after Google, Microsoft, Facebook, the company's future remains in doubt.</p> </div> </div> </div> <p><a href="http://www.themoneytimes.com/featured/20111023/google-pe-firms-acquire-yahoo-id-1701711331.html" target="_blank">read more</a></p> AdMob Chief Executive Carol A. Bartz Doubleclick Google Inc. internet search engines internet search giant Google Mergers & Acquisitions private equity firms Top Story United States Yahoo Inc. Sun, 23 Oct 2011 08:16:27 +0000 Jaspreet Virk 1701711331 at http://www.themoneytimes.com Broadcom acquires networking chip maker NetLogic http://www.themoneytimes.com/featured/20110913/broadcom-acquires-networking-chip-maker-netlogic-id-1701711176.html <div class="field field-type-text field-field-teaser"> <div class="field-items"> <div class="field-item odd"> <p>Wireless chipmaker Broadcom Corp. announced Monday that it is buying smart chip maker NetLogic Microsystems in a bid that would enhance its range of chipmaking technology for more advanced networks.</p> </div> </div> </div> <div class="field field-type-filefield field-field-image"> <div class="field-items"> <div class="field-item odd"> <img src="http://www.themoneytimes.com/files/imagecache/picturethumb/broadcomm.jpg" alt="" title="" class="imagecache imagecache-picturethumb imagecache-default imagecache-picturethumb_default" width="180" height="159" /> </div> </div> </div> <p>Broadcom has agreed to pay $3.7 billion for Santa Clara, Calif.-based NetLogic, after both companies</p> <div class="field field-type-text field-field-imagecaption"> <div class="field-items"> <div class="field-item odd"> <p>Broadcom has agreed to pay $3.7 billion for Santa Clara, Calif.-based NetLogic, after both companies’ boards of directors approved the transaction, which is expected to close in the first half of 2012.</p> </div> </div> </div> <p><a href="http://www.themoneytimes.com/featured/20110913/broadcom-acquires-networking-chip-maker-netlogic-id-1701711176.html" target="_blank">read more</a></p> Acquisition Broadcom Mergers & Acquisitions NetLogic Microsystems smart chip maker Technology Top Story transaction United States Tue, 13 Sep 2011 12:23:39 +0000 NeelamGoswami 1701711176 at http://www.themoneytimes.com Sprint goes to court against AT&T, T-Mobile merger http://www.themoneytimes.com/featured/20110907/sprint-goes-court-against-att-t-mobile-merger-id-1701711138.html <div class="field field-type-text field-field-teaser"> <div class="field-items"> <div class="field-item odd"> <p>The proposed AT&amp;T and T-Mobile merger faces another hurdle, this time from Sprint Nextel Corp. </p> </div> </div> </div> <div class="field field-type-filefield field-field-image"> <div class="field-items"> <div class="field-item odd"> <img src="http://www.themoneytimes.com/files/imagecache/picturethumb/ATT-logo-tmobile.jpg" alt="" title="" class="imagecache imagecache-picturethumb imagecache-default imagecache-picturethumb_default" width="180" height="180" /> </div> </div> </div> <p>Just a week after the United States Department of Justice sued to block AT&amp;T’s bid to take over T-Mo</p> <div class="field field-type-text field-field-imagecaption"> <div class="field-items"> <div class="field-item odd"> <p>Sprint that offers a range of wireless and wireline communications services is arguing that Section 7 of the Clayton Antitrust Act prohibits any person from taking over whole or part of the stock or other share capital that would lessen competition and create a monopoly to a significant extent.</p> </div> </div> </div> <p><a href="http://www.themoneytimes.com/featured/20110907/sprint-goes-court-against-att-t-mobile-merger-id-1701711138.html" target="_blank">read more</a></p> AT&T AT&T and T-Mobile merger Challenge hurdle lawsuit Mergers & Acquisitions proposed merger Sprint Sprint Nextel Corp. sued T-Mobile USA Top Story United States United States Department of Justice Verizon violate Wed, 07 Sep 2011 08:55:54 +0000 NeelamGoswami 1701711138 at http://www.themoneytimes.com
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