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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Verdict allowing women into Sabarimala not the 'final word': Supreme Court
Posted on 5th December 2019 |
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The Supreme Court on Thursday said its 2018 verdict allowing entry of girls and women of all ages into the Ayyappa temple at Kerala's Sabarimala was not the final word as the matter was referred to a larger bench.
The apex court's observation came when senior advocate Indira Jaising, appearing for a woman devotee, Bindu Ammini, alleged violation of the 2018 verdict and said her client was attacked for her bid to enter the shrine. |
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Hyundai plans to bring fuel cell cars to India, Nexo could be first launch
Posted on 5th December 2019 |
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Korean auto major Hyundai is planning to bring fuel cell electric vehicles to India. The company has already started a feasibility study as part of the plan.
Hyundai Nexo, which is already available in many markets, could be the first launch. The company claims Nexo is the world's first dedicated hydrogen-powered SUV and that it has a range of close to 380 miles, highest for any fuel-cell or electric vehicle in the market. |
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HDFC AMC slips 5% as Standard Life to sell additional stake via OFS
Posted on 5th December 2019 |
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Shares of HDFC Asset Management Company (AMC) dipped 5 per cent to Rs 3,173 in intra-day deals on Thursday, after the company said it will use a greenshoe option for sale of additional 0.86 percent stake via offer for sale (OFS). The stock had ended 3 per cent lower at Rs 3,329 on the BSE a day earlier.
With the past two day's decline, HDFC AMC has corrected 17 per cent from its all-time high of Rs 3,844 touched on November 22, 2019.
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RBI surprise: Repo rate left unchanged; FY20 GDP forecast lowered to 5%
Posted on 5th December 2019 |
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Springing a surprise, the monetary policy committee of the Reserve Bank of India (RBI) maintained the repo rate at 5.15 per cent points (bps) in its fifth bi-monthly monetary policy meeting of the financial year 2019-20 (FY20) on Thursday. However, GDP growth forecast for FY20 was slashed to 5 per cent from 6.1 per cent.
The three-day rate-setting meet started on Tuesday (December 3). In its October meet, the RBI had cut interest rate by 25 bps to 5.15 per cent. |
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Polycab India hits fresh record high; stock zooms 100% from August low
Posted on 5th December 2019 |
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Shares of Polycab India continued their upward journey, and hit a new high of Rs 1,052, up 6 per cent on the BSE on Thursday, on expectation of strong earnings going forward. The company was included in the MSCI Global Small Cap Index with effect from November 26, 2019.
The stock of the fast moving electric goods (FMEG) company zoomed 100 per cent from its recent low of Rs 525, touched on August 22, 2019. |
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