Daily Archives: January 8, 2018

LG Electronics’ Q4 profit estimate misses expectations, shares slide

South Korea’s LG Electronics Inc estimated a fourth-quarter operating profit that fell short of market expectations, which analysts attributed to increased spending to expand market share in the home appliances business. Shares in LG Electronics fell as much as 6.8 per cent after the guidance on Monday, before paring losses. LG, in a regulatory filing,

Skilling enterprises, start-up developers key to India’s digital dream: IBM

With digital transformation comes the daunting task of preparing a workforce for technologies like Big Data, Cloud, Artificial Intelligence (AI) and Internet of Things (IoT) that can address the massive demand coming from governments and businesses in India. According to a top IBM executive, the time is ripe to start the journey right from schools

Intel, AMD announce 8th-gen processor with Radeon Graphics

Collaborating with long-time rival chip manufacturer AMD, Intel Corporation on Monday announced the 8th-generation Intel Core processor with Radeon RX Vega M Graphics that has special features for gamers, content creators and fans of Virtual Reality (VR) and Mixed Reality (MR). The new 8th-gen chipset will come in two configurations — one with “Radeon RX

Cyber security big concern as tech firms fail to firewall

While majority of the companies across the country see cyber attacks and privacy as top growing risks for their businesses, breaches are fast increasing. According to a latest survey, 43% of the respondents (from across the country) have experienced ransomware attacks in the past year and atleast two mid-sized companies back home were among the

Saudi Telecom gets 1.5 bn ringgit Islamic loan

Saudi Telecom Co (STC) has obtained a 1.51 billion ringgit ($378.5 million) Islamic loan through its Malaysian subsidiary, according to a document from arranging banks. Saudi Telecom, the Gulf’s largest telecommunications operator by market value, will use the Islamic loan to refinance existing debt originally used to acquire a stake in Malaysian mobile-phone firm Maxis.

Bharat Net Phase-2 may be complete before schedule by Dec

The government today expressed hope that the second phase of Bharat Net project to provide broadband connectivity to 1.5 lakh gram panchayats will be completed before time by December this year. Telecom Minister Manoj Sinha said financial incentives and disincentives should be built into clauses for the second phase of the project to reward players

India’s 1 lakh Gram Panchayats become Internet-service ready

BJP-led NDA government’s ambitious BharatNet program has finally reached out to as many as 1 lakh Gram Panchayats or village blocks, as a part of first phase, telecom minister Manoj Sinha Monday said. “101,370 Gram Panchayats are service ready as of Dec 28, 2017 while the second phase has already been initiated with eight states

Department of Telecom to discuss call drops with telcos, Trai on Jan 10

Concerned about the deteriorating call drop situation, the Department of Telecom (DoT) will meet service providers on January 10 to discuss the burning issue and also the new service quality norms that have been implemented in the sector. “We want to convey to the operators, the government’s concerns on the state of call drops. Service

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