The device will be four times more powerful than the Xbox One X console and be powered by an Advanced Micro Devices chip, the company said during its Xbox E3 conference in Los Angeles."> Microsoft unveils Project Scarlett, the next-gen Xbox: All you need to know
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Microsoft unveils Project Scarlett, the next-gen Xbox: All you need to know
Posted on 10th June 2019
Microsoft Corp unveiled on Sunday its next-generation Xbox console, known as "Project Scarlett," which is set to hit store shelves during the 2020 holiday season.

The device will be four times more powerful than the Xbox One X console and be powered by an Advanced Micro Devices chip, the company said during its Xbox E3 conference in Los Angeles.

The console will show up to 120 frames per second, or twice the average TV, and include a solid-state drive, Microsoft said, allowing games to load much faster than on its older mechanical hard drives.

The latest version of Microsoft's popular "Halo" videogame will be launched along with the new console.

Microsoft also announced 14 game titles from Xbox Game Studios, including shooter video game "Gears 5."

Rival Sony Corp has also disclosed plans of its next-generation PlayStation 5 console, with similar specifications including an AMD chip, but no official release date has been announced. Analysts expect a late 2020 release.

Microsoft said its game-streaming service "Project xCloud" would go into preview in October. Rival Alphabet Inc's Google on Thursday started taking pre-orders for its Stadia game-streaming service which will launch in November.

A new feature will allow users to stream games directly from their own Xbox consoles, instead of Microsoft's servers, the company said.

"Two months ago we connected all Xbox developers to Project xCloud," Phil Spencer, Microsoft's executive vice president for gaming, said. "Now, the console streaming service will "turn your Xbox One into your own personal and free xCloud server."

"Whether you're using a console in our data center or your console at home, this October you'll be able to use our hybrid gaming cloud to play your games wherever you go. Where you play is now entirely your choice," Spencer said.

The company announced "Project xCloud" last October saying it was testing a new game streaming service designed to work across PCs, consoles and mobile devices.

Since then, Microsoft has revealed that the service uses hardware similar to that in its existing Xbox One gaming consoles.

"That means an existing library of more than 3,500 games will work on the service without any changes or modifications required by the developer," Microsoft said in a blog post in May.

Analysts have said Microsoft is better positioned than most to capitalize on cloud gaming, citing its strength in infrastructure, content it owns, and experience in gaming.

But internet speed could affect game streaming.

Director Of Xbox Platform Marketing Cindy Walker said the teams were looking into it and aim to use the preview launching in October to learn where the dead spots are.

Several technology companies are looking to boost services revenue through games streaming, including Nvidia Corp, Sony and Electronic Arts while Amazon.com Inc is reportedly working on its own service as well.

Related Companies: Microsoft India (R&D) Pvt. Ltd.   

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I-T dept issues tax refunds of Rs 1.57 trillion, up by 27.2% in 2019
Posted on 13th December 2019

The Income Tax Department has issued as much as Rs 1.57 trillion of income tax refunds in the first eight-and-a-half-months of the current fiscal compared to Rs 1.23 trillion in full 2018-19 fiscal, Revenue Secretary Ajay Bhushan Pandey said Friday.

At a press conference called to disclose impact of steps taken to boost consumption in the economy so as to uplift growth from a six-year low, Pandey said tax refund cases have gone up by 17 per cent to 2.16 crore.


Andhra govt passes 'Disha Bill' to provide speedy trials, stricter punishment for sexual offences
Posted on 13th December 2019

In a historic move, the Andhra Pradesh legislative assembly on Friday passed AP Disha Act 2019 to protect women and children in sexual offences cases by providing speedy investigation and justice to victims.

Chief Minister YS Jaganmohan Reddy said the Nirbhaya case and the recent Disha case have compelled the need for AP Disha Act which has many salient features.


Tamil Nadu overtakes Karnataka to become No 1 in renewable energy
Posted on 13th December 2019

Tamil Nadu has overtaken Karnataka to become India's top renewable power generating state in FY20 (till October).

Of the total renewable power generation in the country, nearly 17.2 per cent was from Tamil Nadu. According to Central Electricity Authority (CEA) data in 2019-20 (upto October) 85,774.92 million units (MU) of power was generated through renewable energy, of which 14,771.69 MU was generated by Tamil Nadu followed by Karnataka (14,730.08 MU), Gujarat (10,505.54), Andhra Pradesh (9,638.70), Maharashtra (8,942.55) and Telangana (3794.99 ).


After 50% returns, 2020 may be even better year for Indian primary market
Posted on 13th December 2019

India's market for initial public offerings is expected to gather pace in 2020 after this year's relatively small crop saw strong gains in the stock market.

The 14 mainboard IPOs this year have risen by an average of more than 50% since listing, data compiled by Bloomberg show.


HDFC rallies 2% to hit all-time high of Rs 2,363; analysts remain bullish
Posted on 13th December 2019

Shares of Housing Development Finance Corporation (HDFC) hit an all-time high of Rs 2,363, up 2 per cent on the BSE on Friday after the company completed the acquisition of HDFC Credila Financial Services. The stock surpassed has its previous high of Rs 2,357 hit on July 18, 2019.

"The Corporation has completed acquisition of 11.47 million equity shares, representing 9.12 per cent of total equity of HDFC Credila for a total consideration of Rs 395 crore, from its promoter Ajay Bohora and Anil Bohora," HDFC said in a regulatory filing.


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