Microsoft Might Launch Social Networking Phone in U.S

Microsoft Might Launch Social Networking Phone in U.SSoftware giant Microsoft is reportedly working towards unveiling its own mobile phones in the U. S. later this year in a bid to challenge the emerging smartphone dominance of its main competitors Apple and Google, the technology blog Gizmodo posted on Friday.

In addition, it is reported that the handsets will be available in the market in July exclusively on Verizon, the largest cellphone carrier in the U. S., targeting heavy users of social networks.

The report featured, what it said were leaked images from the phones' marketing campaign. The two phones are codenamed Pink and Pure, and are revealed to be manufactured for the software giant by Sharp.

The report emerged post Microsoft last month launching a new mobile operating system, which grabbed a wide appraisal from the technology pundits.

Microsoft used to be the leader in the smartphone arena but has witnessed its position severely blemished by Apple's iPhone, by the Blackberry and by numerous devices running Google's Android operating system.


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.