Microsoft, Nokia collaborate once again after failed $7bn smartphone deal
Posted on 6th October 2019 |
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After a failed $7 billion acquisition of Nokia's smartphone business five years back, Microsoft has announced a strategic collaboration with the Finnish company to accelerate transformation and innovation across industries with Cloud, Artificial Intelligence (AI) and Internet of Things (IoT).
The new partnership brings together Microsoft cloud solutions and Nokia's expertise in mission-critical networking, to help enterprises and communications service providers (CSPs) transform their businesses.
"Bringing together Microsoft's expertise in intelligent cloud solutions and Nokia's strength in building business and mission-critical networks will unlock new connectivity and automation scenarios," Jason Zander, executive vice president, Microsoft Azure, said in a statement on Tuesday.
BT is the first global communications service provider to offer its enterprise customers a managed service that integrates Microsoft Azure cloud and Nokia SD-WAN solutions.
"Together, we will accelerate the digital transformation journey towards Industry 4.0, driving economic growth and productivity for both enterprises and service providers," said Kathrin Buvac, President of Nokia Enterprise and Chief Strategy Officer.
The Nokia Digital Automation Cloud (Nokia DAC) 5G-ready industrial-grade private wireless broadband solution with on-premise Azure elements will enable a wide variety of secure industrial automation solutions.
"For example, connected smart tools and machines on manufacturing floors that enable increased productivity, flexibility and safety for workers, or autonomous vehicles and robots in industrial environments that improve automation, efficiency and overall safety," said Microsoft.
Enterprises will be able to use Azure IoT Central and partner solutions for faster and easier enablement and implementation of their IoT applications together with Nokia's IoT connectivity solutions.
In 2014, Microsoft acquired Nokia's smartphone business. The company later quit the smartphone business, laying off thousands of employees.
In 2016, Microsoft sold the Nokia smartphone business for $350 million to HMD Global which now sells Nokia-branded phones. |
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Gold price at Rs 48,750 per 10 gm, silver crosses Rs 50,000 mark
Posted on 2nd July 2020 |
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Gold prices on Monday rose to Rs 48,750 from Rs 48,300 per 10 gram, while silver climbed to Rs 50,050 from Rs 48,550 per kilogram on Thursday, according to Good Returns website.
Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges. |
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IDBI Bank's market-cap crosses Rs 50,000 cr, stock surges 51% in 2 weeks
Posted on 2nd July 2020 |
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IDBI Bank on Thursday entered the coveted Rs 50,000 crore market capitalisation club after its share price hit a fresh 52-week high on the BSE. The stock was locked in the upper circuit band for the seventh straight day, up 5 per cent at Rs 48.20. It has surged 51 per cent in the past two weeks on the BSE.
Following the sharp rally on the counter, the bank’s market capitalisation (market-cap) jumped to Rs 50,034 crore, higher by Rs 16,920 crore, from Rs 33,114 crore on June 18, 2020. |
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After CBI, ED set to charge GVK Group for Mumbai airport 'irregularities'
Posted on 2nd July 2020 |
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The Enforcement Directorate (ED) is set to charge promoters of the GVK Group of companies for alleged money laundering, sources told Business Standard after the Central Bureau of Investigation (CBI) accused them of alleged irregularities to the tune of Rs 705 crore in running the Mumbai airport.
Mumbai International Airport Ltd (MIAL) is a joint venture between GVK, state-run Airport Authority of India (AAI) and foreign entities. AAI entered into an agreement with the two others for upgradation and maintenance of the Mumbai airport. |
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PM Modi invited to Ayodhya to inaugurate Ram temple construction
Posted on 2nd July 2020 |
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Prime Minister Narendra Modi has been invited Ayodhya to inaugurate the construction work at the Ram Mandir site. The president of Ram Janmabhoomi Teerth Kshetra Trust, Mahant Nritya Gopal Das, on Wednesday said that he had written to Modi, requesting him to visit the sacred city.
We have written a letter to Prime Minister Narendra Modi requesting him to visit Ayodhya and inaugurate the construction activities of Ram temple. Pooja and other rituals have been ongoing for three months at the site, said Mahant Das. |
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Tuticorin custodial death case: Three more cops arrested by CBI
Posted on 2nd July 2020 |
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The Crime Branch of Criminal Investigation Department (CB-CID) on Wednesday arrested three more cops in connection with the alleged custodial deaths of a father-son duo at a Tamil Nadu police station.
Sub Inspector Balakrishnan and constables Muthuraj and Murugan were arrested by the investigation agency on charges of murder under Section 302 of the Indian Penal Code. |
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