ChannelTimes

After reporting its first loss in six years, Chinese technology major Lenovo is now betting big on the Indian market to fix the dropping smartphone business. Lenovo, which received about USD one billion in revenue from India last year, is also looking at bringing in more premium devices here, including new Moto Z smartphones that can be customized with ‘mods’. “We will continue to invest in the market and grow our share here, there is a strong long term potential,” PTI report published in Economic Times quoted Lenovo Senior Vice President and...

Global IT association ISACA has laid out comprehensive strategy for how organizations can realize more robust business benefits from their technology-enabled investments. Its new COBIT 5 for Business Benefits Realization is a practical guide that builds on the COBIT 5 framework, focuses on governance and management components of business benefits realization, and provides direction for governance and business management experts, IT professionals and others at all levels of an enterprise. “This publication provides valuable insights into key links that connect business benefits realization to enterprise and IT strategy,” said Christos...

Maple, the largest seller of Apple products in India, will open a store at Khar linking road. The new store is scheduled to open on 18th June, 2016. The store will comprise of all Apple products. The Accessories range will be from Rs.2500/- to Rs.20,000. The new Maple Store will also showcase premium accessories like Element case, Ozaki, KNOMO, Fitness coaching device – Moov, huge range of Audio products like – Audio Technica, B&W and many more. There will be an exclusive range of KNOMO laptop bags targeting women buyers....

The US Federal Aviation Administration (FAA) has reportedly proposed a $350,000 fine on Amazon for allegedly shipping hazardous chemicals that injured several UPS workers who handled the package. The penalty is the largest fine the FAA has proposed imposing on Amazon, which the agency said has had a series of at least 24 hazardous materials violations in recent years. The FAA alleged that on October 15, 2014, Amazon sent a UPS package with a one-gallon container of “Amazing! LIQUID FIRE,” a corrosive drain cleaner for transportation by air from Louisville,...

The much-hyped Microsoft-LinkedIn acquisition on Monday evening overshadowed another very important acquisition in tech history which also took place around the same time. Symantec and Blue Coat, announced that they have entered into a definitive agreement under which Symantec will acquire Blue Coat for approximately $4.651 billion in cash from Bain Capital, in the struggling antivirus company’s largest deal for more than a decade. The transaction has been approved by the Boards of Directors of both companies and is expected to close in the third calendar quarter of 2016. “This...

IBM and VMware, have announced they are enhancing their strategic partnership by enabling VMware Horizon Air customers to take advantage of cloud-hosted desktop and application services via the IBM Cloud. This announcement reinforces IBM Cloud being a strategic cloud partner for VMware. VMware Horizon Air cloud services deliver full Windows desktops or published applications to desktops, laptops, tablets and smartphones. These services running on the IBM Cloud will give customers the flexibility to access critical apps and data from any device, anywhere, at anytime. Earlier in 2016, IBM and VMware...

Xerox announced that Ashok Vemuri will become the chief executive officer of the Business Process Outsourcing (BPO) company upon the completion of the separation of Xerox into two publicly-traded companies. Vemuri will join Xerox effective July 1, 2016 and serve as chief executive officer of Xerox Business Services, LLC and an executive vice president of Xerox Corporation until the separation is complete. “Ashok’s deep industry experience and proven track record of leading growth and corporate transformations will be instrumental for the BPO company’s future success,” said Xerox chairman and CEO...

Keeping its commitment towards corporate social responsibility (CSR), Fashion and lifestyle e-tailer Limeroad.com has set a target to empower 1.5 lakh women entrepreneurs over the next two years. Limeroad, which is backed by Matrix Partners, Lightspeed Ventures and Tiger Global, has attracted a thriving community of 2,00,000 women scrap-bookers since is inception in October 2013, of which 25 per cent are active entrepreneurs. Scrapbook is a feature that invites users to create ‘styled looks’ by putting together an entire ensemble, including clothes (pairing tops and bottoms), shoes, earrings, handbags, belts,...

Mumbai-based Trade Association of Information Technology (TAIT), recently conducted its Knowledge Series workshop at Mumbai to address issues related to disputes arising out of dishonor of cheques, and Income Tax issues faced by their members. The workshop was addressed by Vijay Agarwal, Founder of Bounced Cheque Victims Forum and Vimal Punmiya, CA and Vice Chairman of All India Business Council. Both speakers talked about the need for members to put up a united front against the prevailing sloth in the judicial system, especially in cheque dishonor cases and disputes related...