Telecom

Nokia set to make a comeback

Finnish telecommunications giant Nokia is all set to make a smartphone comeback with two new Android 7.0 Nougat devices by the end of this year, a media report said on Saturday. The two unnamed devices will have premium metal designs complete with IP68 certification, which means they will be as water resistant as Samsung’s Galaxy

IT

Layoffs at Cyanogen Inc, India office being ‘gutted': Report

Cyanogen Inc, the maker of alternate Android operating system, is undergoing significant layoffs and is also considering a “pivot to apps”, reports Android Police citing sources. It says that Cyanogen Inc is laying off around 30 of the 136 people, that accounts for 20% of its workforce and its open source arm is one of

BPO

Synnex acquires Minacs BPO for $420 million

SYNNEX Corporation, US-based business process outsourcing firm, today announced that it has signed a definitive agreement to acquire BPO firm Minacs and integrate it into its Concentrix business segment. The purchase price is approximately $420 million subject to closing adjustments. India focused private equity players CX Partners and Capital Square partners have exited from Minacs

Broadcasting

Network18 Media Investments Q1 net loss at Rs 50 cr

Network18 Media & Investments on Wednesday reported a consolidated net loss of Rs 49.70 crore for the first quarter ended June 30. The company had reported a net profit of Rs 42.84 crore during April-June quarter of 2015-16 financial year, Network18 Media said in a BSE filing. Its total consolidated income stood at Rs 351.89

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