Apple’s $539 Million in Damages Is a ‘Big Win’ Over Samsung

HIGHLIGHTS The global patent battle started seven years ago Samsung infringed three of Apple’s design patents The case has always been about more than money: Apple Apple won $539 million (roughly Rs. 3,700 crores) from Samsung Electronics Co. in the final throes of the companies’ US court struggle over smartphone technology, seven years after the start of a global patent battle. Apple sought about $1 billion (roughly Rs. 6,800 crores) in a retrial of a case that originally produced a verdict of that amount in 2012, while Samsung argued it should pay only $28 million…

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India to have 500 million internet users by June this year: Experts

India’s internet user base will hit 500 million by June this year and by 2020, the country will have more than 700 million smartphone users, according to the industry experts. Mobile phones will emerge as the preferred device for online shopping by 2020, accounting for 70 per cent of total online shopping, said the experts at the seventh edition of the India Internet Day in Delhi held on Thursday. The conference was organised by TiE Delhi-NCR, the world’s largest network of successful entrepreneurs and professionals — attended by over 500…

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Sen. Doug Jones announces $1.1 million in distance learning and telemedicine grants for Alabama

Alabama Sen. Doug Jones today announced more than $1.1 million in USDA grants to support distance learning and telemedicine in Alabama. The grants are part of the USDA’s Distance Learning and Telemedicine (DLT) program. The grants will expand access to job training, educational and health care opportunities for rural communities. “These grants can help provide a lifeline to health care for Alabama’s rural communities,” Jones said. “By using cutting-edge technology like telemedicine, we can better serve some of our most vulnerable Alabamians and expand access to quality health care, no…

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Xiaomi Says It Shipped 9.2 Million Smartphones in India Last Quarter

HIGHLIGHTS Xiaomi shipped 9.2 million smartphones in Q3 2017 This is a record for the Chinese company in the country Xiaomi Redmi Note and Redmi 4 are the top selling smartphones Xiaomi has announced that it shipped 9.2 million smartphones, a record number of units, in India in Q3 2017. The announcement was made by Manu Kumar Jain, Vice President Xiaomi and Managing Director Xiaomi India in a tweet. Jain also shared a piece of trivia about Xiaomi smartphones shipments in the country. “We started with a humble beginning of…

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NBFC Indian School Finance plans to raise $30-35 million from PE investors

 Indian School Finance Co. Pvt. Ltd (ISFC), which lends to companies in the education sector, is looking to raise around $30-35 million (approximately Rs200-230 crore) from private equity investors, said two people aware of the development. ISFC, a non-banking financial services company (NBFC), founded in 2008, lends to schools and education institutions. It lends to private schools, affordable schools, vocational institutes and coaching classes to help them build their infrastructure such as setting up of computer and science labs, construction of additional floors or wings in existing premises or for…

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Lakshmi Mittal donates $25 million to Harvard University

Lakshmi Mittal’s donation will establish an endowed fund for the South Asia Institute at Harvard University. Photo: Mint Washington: Steel tycoon Lakshmi Mittal has donated $25 million to the prestigious Harvard University with an aim to increase engagement with South Asian countries, including India. The donation will establish an endowed fund for the South Asia Institute at the university. The institute spearheads Harvard’s engagement with South Asian countries, including India, Afghanistan, Bangladesh, Bhutan, Maldives, Myanmar, Nepal, Pakistan and Sri Lanka as well as diaspora populations from these countries, the university said…

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Move over Disney, Mexico plans $840 million Mayan theme park

Mexican President Enrique Pena Nieto announced plans Monday for an $840 million Mayan theme park on the Caribbean coast to rival the major theme parks in the United States. The park, dubbed Amikoo – or ‘friend’ in the Mayan language – will have rides and characters based on Mayan mythology and be built in two phases in the so-called Riviera Maya, a stretch of pristine beaches on Mexico’s southeastern coast. “We’re going to compete with other (parks) up there (in the United States), and I’m sure ours will be better,”…

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Nissan’s car foam wash saves 6.1 million litres of water in India

Nissan has released a statement claiming that the car maker has conserved 6.1 million litres of water in India over the past three years through an innovative car wash technique. Nissan’s foam wash technique is used to clean cars at its service centres across India, and is the reason behind the substantial amount of water being saved. Commenting on this eco-friendly achievement, Sanjeev Aggarwal, VP of after sales, Nissan Motor India said, “Nissan always aims to deliver innovative and best-in-class sales and after sales service to its customers. Using the…

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