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UTV Software Communications June qtr net loss at Rs 23 cr
Media company UTV Software Communications today reported a consolidated net loss of Rs 23.33 crore for the quarter ended June 30, 2009, against a net profit of Rs 19.88 crore in the same period last year.

Pranab to meet economic editors tomorrow
Finance Minster Pranab Mukherjee would interact with economic editors here tomorrow and provide them comprehensive view of the overall economy.

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Credit the Swiss
Credit Suisse bonuses: Credit Suisse seems to think the best form of defence is attack. The banking industry is facing heavy criticism over bonuses. In response, the Swiss group is the first to set out the details of a new compensation structure, upholding a recent tradition of forward thinking on pay.
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Microsoft eyes Indian smartphone mkt

The world"s largest software firm Microsoft today said it is sharpening its focus on the fast growing smartphones market and other wireless devices in India. - Over 2,000 Indian firms adopt Windows 7 - Mahindra Satyam to explore New Zealand market with Gen-i - India Eco Summit: Microsoft India going easy on hiring - Excise duty uppercuts software firms - Microsoft launches online services in India - Microsoft to cut 800 jobs worldwide "We have heavily invested in that space and will continue to do so. It is still a very competitive space," Microsoft Corporate Vice-President (OEM Division) Steve Guggenheimer told PTI. Smartphones, high-powered mobiles with computer functionalities and big screen, constitute less than 10 per cent of total cellphone market in India. According to industry estimates, out of the 130 million devices likely to be sold in 2009-2010 only 6 million would be smartphones. Out of the 6 million, only 2.5 lakh phones run on Microsoft"s operating system. Guggenheimer said, Microsoft works with several mobile handset manufacturers like Sony Ericsson, HTC, LG and Samsung except Nokia, which uses Symbian operating system. Although Microsoft"s Windows-based smartphones have come up in the past few years, they face stiff competition from the likes of Nokia, which uses Symbian OS and Blackberry. The competition got hotter with the entry of Apple mobiles and Google"s recently launched OS, Android, not to talk of spread of mailing device Blackberry.


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