1. Weekly news from 20-2 6Sept
2010
Presented by :
Nagender Singh Shekhawat
2. RIM's Blackberry may escape ban in
India
Research In Motion, the Canadian makers of
Blackberry, may escape a ban on its popular core
services by agreeing to provide "manual interception"
of its core Blackberry Messenger service (BBM).
Official sources said the technical group consisting of
officials of the Department of telecom and security
agencies have been satisfied with the manual
interception being worked out by the smartphone
makers to allow legal interception of its core services
to Indian security agencies.
3. Cont..
The sources, however, said that it may take three
or four months before a final solution emerges on
allowing Indian security agencies legal and direct
access to both BBM and Blackberry Enterprise
Service (BES).
The technical group is in the process of analysing
the technical solution being offered on the
Blackberry Enterprise Service (BES) and so far
no final view has been taken on it.
4. Satyam to delist ADRs from
NYSE
IT firm Mahindra Satyam said it would delist from the New York
Stock Exchange in mid-October due to non-compliance, adding
that it would likely miss its deadline to report financial results for
fiscal year 2009.
The company on Tuesday said its board will review its
audited financial results for fiscal years 2009 and
2010 on Sept. 29, which analysts say will take it
closer to a merger with parent Tech Mahindra. Tech
Mahindra, which bought Satyam in April 2009 and is
operating it as an independent company, has said it
can only merge the firm into the parent after the
restated results for fiscal years 2009 and 2010 are
announced.
5. Nano to be 2nd best selling car in
India by FY 11: JD Power
Nano, the small car from the Tatas, is projected to
become India's second best selling car next year,
according to market research firm JD Power.
According to a report by JD Power, Nano will
replace Hyundai's i10, which is slated to take the
second position in 2010 after Maruti Suzuki's Alto.
Tata Motor's Indica will be the third best seller this
year.
By 2017, the top three models will be the Alto,
Nano and Maruti Suzuki Wagon R.
6. Hyundai re-launches i10 at Rs 3.48L-
Rs 5.91L
Hyundai Motor India introduced a new version of its compact car
i10, offered at an introductory price of Rs 3.48 lakh to Rs 5.91
lakh (ex-showroom, Delhi).
The new car, 'Next Gen i10', which made its global debut, will be
replacing the existing i10.
"We have further boosted the design element and packed the car
with safety and comfort related technological innovation...and we
believe this will set new benchmark in this segment," Hyundai
Motor India Managing Director and Chief Executive Officer H W
Park told.
The Next Gen i10 will be available in two petrol engine variants
of 1.1l and 1.2l. While, the 1.1l has a mileage of 19.81 km per
litre, 1.2l engine will deliver a fuel economy of 20.36 km per litre,
the company claimed.
