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News(25th oct to 31st oct)..
1.
2. LG losses widen, cellphone biz a drag
• LG Electronics suffered a second straight quarter of record losses from its
main mobile-phone business as the worlds third-largest handset maker
struggles to compete against Apples iPhone in the smartphone market.
• Losses from mobile phones swelled to 303.8 billion won ($270 million) in
the third quarter, more than double the previous record in the preceding
three-month period, that led to a 99% drop in net income.
• The company is trying to put its mobile phone business back on track and so
LG introduced the Optimums One smartphone this month to compete in the
fastest-growing segment of the mobile-phone industry.
3. US terms India as one of its best counterterrorism
partners
• The White House has identified New Delhi as one of its best counterterrorism
partners. In fact counterterrorism cooperation between India and the US would
be on top of Obama's agenda during his India visit and in his talks with Indian
leaders,
• We see India as a constructive partner in those efforts and we want to make sure
that India is a part of our dialogue about the future of the region. And so this
comes at a good time to continue those discussions
4. • Knowledge Commission Chairman Sam Pitroda said Friday India can help
create jobs in the US by providing alternative training.
• According to her India can help US in retraining people
• India’s market is more attractive to them in terms of business and selling
products and services.
• India would raise outsourcing issue during Obama's visit, Pitroda said:
India can help create jobs in US: Sam Pitroda
5. Google bans phone apps used in spying
• LONDON: A controversial mobile phone application, which helps a
cell phone user read the text messages of others secretly, has been
removed from sale by internet search engine Google.
Google said the application, called SMS Secret Replicator , violated its
terms, The Independent reported Friday.
Once installed on a mobile phone, the Android phone application
automatically creates carbon copies of incoming text messages and
forwards them to a selected number - prompting fears it could be used
by jealous lovers and even work colleagues to snoop on private
messages.
6. Google's Android rises to No. 2 spot on the
smartphone OS market
• Nokia's Symbian continued to lead the market with a 37 percent
share, while Android had 17 percent of the market.
7. Coke brings Nestle tie-up to India to take on
Pepsi
• COCA-COLA, extending its global joint venture with Nestle
for ready-to-drink tea — Beverage Partners Worldwide — to
India, at a time when a joint venture between its archrival
PepsiCo India and Tata Tea for functional beverages is on the
verge of being kicked off.