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New Home Sales Hit 7-Year High in May

New single-family home sales increased in May to a more than seven-year high, further brightening the outlook for the housing market and the broader economy. The Commerce Department said Tuesday sales rose 2.2 percent to a seasonally adjusted annual rate of 546,000 units, the highest level since February 2008. April’s …

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‘Lord of the Rings’ Spotted in Milky Way

Astronomers using Nasa’s Chandra X-ray Observatory have discovered the largest and brightest set of rings from X-ray light echoes ever observed.These extraordinary rings, produced by an intense flare from a neutron star, provide astronomers a rare chance to determine how far across the Milky Way galaxy the star is from …

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Lenovo Considering Setting Up Smartphone Manufacturing Unit in India

Chinese electronics major Lenovo is looking at the possibility of setting up a manufacturing unit for smartphones and tablets in India.The company already has a computer manufacturing plant in Puducherry. “We are exploring the opportunity of setting up a manufacturing unit in the country,” Bhaskar Choudhuri, Director (Marketing) of Lenovo …

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Raje Meets SoftBank CEO to Discuss Partnerships in Emerging Technologies

Rajasthan Chief Minister Vasundhara Raje on Wednesday held a meeting with Masayoshi Son, Chairman and CEO of SoftBank, discussing possible partnerships in emerging technologies.Recalling his earlier interaction with Prime Minister Narendra Modi, Son spoke of the commitment of Japanese corporations to step up investment to India. Raje, on her part, …

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Bharti SoftBank-Backed Tiny Mogul Games Loses Studio Head

Bharti SoftBank, a joint venture between Bharti and Softbank Japan, is best known for its messaging application, Hike. It also is behind Tiny Mogul Games, one of India’s more prolific game studios. In the two years since its inception it has made twelve games for Android including Shiva: The Time …

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Indian Software Market Grew 10 Percent in H2 2014

The Indian software market registered a stable year-on-year growth of 10 percent in the second half of 2014 owing to the steady double-digit growth of top vendors, according to the International Data Corporation (IDC).”The Indian software market registered a stable year on year growth of 10 percent. However, the market …

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‘World’s First Skin-Like Display Developed’

Indian-American researcher Debashis Chanda from University of Central Florida (UCF) has developed a nature-inspired technique for creating the world’s first full-colour, flexible thin-film reflective display.Simply put, if someone at a wedding reception is wearing the same dress as you, the technology can help you switch yours to a different colour …

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Google Chromebox for Meetings Bundle Launched for Larger Rooms

Google on Wednesday launched a new Chromebox for meetings bundle, which can support video-conferencing between large groups of up to 20 people. The firm notablylaunched its first Chromebox for meetings bundle, which could support up to eight people, in February last year priced at $999 (roughly Rs. 63,500). The new …

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Batman: Arkham Knight Pulled From Steam

In the light of the horrendous performance of Batman: Arkham Knight on PC, publisher Warner Bros. Interactive has decided to pull the game from Steam. “We want to apologize to those of you who are experiencing performance issues with Batman: Arkham Knight on PC. We take these issues very seriously …

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Alibaba Affiliate Launches Internet Bank for SMEs, ‘Little Guys’

Alibaba Group Holding Ltd’s financial affiliate launched on Thursday Internet bank MYbank, targeting the small- and medium-sized Chinese enterprises that have struggled to obtain credit from major financial institutions.MYbank, which is 30-percent owned by Alibaba-linked Ant Financial Services Group, has CNY 4 billion (roughly Rs. 4,095 crores) of registered capital …

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