Sony plans PlayStation Smartphone

Submitted by Pankaj Lakhotia on Tue, 03/09/2010 - 17:50

SONYSony is working on a smartphone that could incorporate a Sony Reader and even Sony PlayStation, according to a media report.

The smartphone will provide access to the games from Sony's home and portable consoles as users will be able to download them directly onto the device from the network of the company.

The feature could add to the appeal of the smartphone for young buyers. Sony offers thousands of games on its network which can be accessed easily by the users.

Sony already has the technology to produce good, efficient phones and it is to be been how the market reacts to the new device. The gaming feature on the phone could contribute to its success as these features are becoming significant to many users.

In another development, Sony is also planning go come out with a device that could challenge Apple's iPad. Sony's CFO Nobuyuki Oneda did not give any details but indicated that the company is looking to compete in the segment.

He further said his company might be a little behind on the time frame but it is looking to become an active player in segment.


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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.

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