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Archive for  December 2012

    • News Desk
    • Dec 3rd, 2012
    • Comments Off on Facebook adds iTunes credits in gift service

    Facebook said on November 26 it was adding Apple iTunes digital credits to its new gift service at the social network. Facebook in September added the feature that lets people send cupcakes, coffee, stuffed animals

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    • News Desk
    • Dec 3rd, 2012
    • Comments Off on Amazon Kindle sales doubled in key period

    Amazon said on November 27 that sales of its Kindle tablets and e-readers have more than doubled over the key weekend launching the holiday season, but provided no specific sales figures. The online retail giant

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    • News Desk
    • Dec 3rd, 2012
    • Comments Off on GM cars to use Apple voice assistant Siri

    General Motors said on November 27 it will integrate Apple's voice-activated software Siri in some of its cars next year to allow iPhone users to perform hands-free tasks. GM announced at the Los Angeles International

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    • News Desk
    • Dec 3rd, 2012
    • Comments Off on Emaar finalises plan to expand Dubai Mall

    Emaar Properties said plans to expand its Dubai Mall with high-end fashion stores, hotels and luxury homes had been finalised and work would begin shortly. Emaar, which also built Burj Khalifa - the world's largest

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    • News Desk
    • Dec 3rd, 2012
    • Comments Off on Smaller sized insurers can issue cat bonds: Munich Re

    Booming demand for catastrophe bonds should make them accessible and affordable for smaller insurance companies looking for alternative ways to cover themselves against natural disasters, according to the world's biggest reinsurer Munich Re. The bonds

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    • News Desk
    • Dec 3rd, 2012
    • Comments Off on Telenor sees India break-even in 2013

    Norway's state-run telecom giant Telenor said on November 29 it expects to achieve financial break-even on its mobile operations in India in 2013 following a tough year in the South Asian nation. Telenor's Indian unit

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    • News Desk
    • Dec 3rd, 2012
    • Comments Off on Mitsubishi Heavy, Hitachi to combine power system businesses

    Mitsubishi Heavy Industries and Hitachi Ltd are to combine their thermal power businesses to compete against overseas rivals Siemens and General Electric, which are winning deals even in the Japanese firms' backyard. The deal, in

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    • News Desk
    • Dec 3rd, 2012
    • Comments Off on Sahara denies wrongdoing in $4.5 billion refund order

    India's giant Sahara business group, charged with illegally raising $4.5 billion from millions of small rural savers, took out huge ads on December 01 declaring it never does anything "against the law". The two-page newspaper

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    • News Desk
    • Dec 3rd, 2012
    • Comments Off on Nestle ventures into Chinese medicine with pharmaceutical deal

    The world's biggest food group Nestle is moving into traditional Chinese medicine by joining forces with Chinese pharma group Chi-Med, the Swiss group said on November 28. The new entity, called Nutrition Science Partners (NSP),

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    • News Desk
    • Dec 3rd, 2012
    • Comments Off on GSK unveils expansion plans in India, Nigeria

    British drugmaker GlaxoSmithKline said it intends to increase its holdings in its Indian and Nigerian divisions, as part of a long-term strategy to expand into emerging markets, in a statement on November 27. GSK said

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