25th Oct 2016 Trending News

After Note 7 fiasco, Samsung Galaxy S7 Edge explodes in US: Report

After the Note 7 fiasco, a Samsung Galaxy S7 Edge owner in the US has claimed that the device which he received as a replacement for the Note 7 exploded while charging.

According to the PhoneArena website, the person went to a popular US wireless carrier's store with a damagedSamsung Galaxy S7 edge -- the highest-selling device from the South Korean tech giant.(more)

57 defaulters owe banks a whopping Rs 85,000 cr: RBI to SC

Only 57 borrowers have defaulted on bank loans worth a whopping Rs 85,000 crore. The Supreme Court said this after perusing a report submitted by the Reserve Bank of India (RBI) about persons who have taken loans worth over Rs 500 crore and defaulted and asked the central bank why their names should not be made public.(more)

Why was Cyrus Mistry sacked? Top possible reasons for his exit

 

Ratan Tata, patriarch of one of India's most influential families, will take over as interim chairman of Tata Sons after the salt-to-software conglomerate's board ousted Cyrus Mistry, who had sought to shake up the firm's management.

Tata, who had stepped down as chairman and was replaced by Mistry in late 2012, will head the group for four months while the company seeks a replacement.(more)

Cyrus Mistry's exit: Should you buy or sell Tata Group shares?

Tata Group stocks, such as Tata Motors, TCS, Tata Steel, Tata Communications, Tata Metaliks, Titan Company and Tata Chemicals reacted sharply in early deals, and lost 1% - 3% a day after Cyrus Mistry was removed as the chairman of the Group. However, Tata Motors and Titan recovered some lost ground as trade progressed. By comparison, the benchmark indices – the S&P BSE Sensex and the Nifty 50 were trading 0.2% lower.(more)

Akhilesh vs Mulayam: Why the SP infighting is bad news for BJP

The split in the Samajwadi Party (SP), which increasingly looks imminent, is bad news for the Bharatiya Janata Party (BJP), not just for the 2017 Uttar Pradesh Assembly polls but also for the 2019 Lok Sabha elections.

With the Congress weakened, the BJP effort has been to dent the support base as well as credibility of regional political parties that have the potential to form the nucleus of a strong third front in the 2019 Lok Sabha polls. (more)

Click here : Live blog: This is a conspiracy by BJP, says Gayatri Prajapati

Why the Indian market's an Apple-polisher

Why the Indian market's an Apple-polisher

Apple has slashed rates of the higher end version of its iPhone 6s and 6s Plus by Rs 22,000 in India, as it prepares to begin sales of its latest iPhone 7 and 7 Plus from October 7. The move is aimed at tapping aspirational buyers, who might not want to cough up the full price for the newer model and increase market share.

“The price drop won’t move the needle much,” said Neil Shah, director at Counterpoint Research. “However, with the Samsung Galaxy Note 7 debacle, it gives Apple a window of opportunity to attract premium Samsung customers, with attractive offers on the iPhone 6s and 7. This could bump up Apple’s share in the premium smartphone market to above 60 per cent from 47 per cent currently.”

Samsung Galaxy Note 7 is facing a global recall due to faulty batteries that is a potential fire hazard.

Prices of the 128GB variants of the iPhone 6s and 6s Plus were dropped from Rs 82,000 and Rs 92,000 to Rs 60,000 and Rs 70,000, respectively. Appleusually drops the rates of older generation devices in order to appeal to buyers, who might not want to splurge on the latest devices.

The 16GB and 64GB variants of last year’s iPhone models have been discontinued, and the company has introduced a 32GB variant of both devices. The new base variant of the iPhone 6swill cost Rs 50,000, while that of the 6s Plus will cost Rs 60,000. It isn’t clear if Apple will continue to sell the older iPhone 6 variants in India.Read more.