Connect with us

Business

WWDC 2017: Apple launches iOS 11, updates to watchOS

Published

on

apple

San Jose (California), June 6:  Apple on Monday launched a bunch of refinements in its all four platforms — tvOS, watchOS, macOS and iOS — at this years annual Worldwide Developers Conference (WWDC) with iOS 11, watchOS 4 and updates to its Mac line of desktops and notebooks.

The event started with Apple CEO welcoming the audience at the 15th WWDC in San Jose, the heart of Silicon Valley where Apple is building its new campus.

Before making the announcements, Cook said that this year “it is going to be the best and biggest WWDC ever.”

Cook also praised the Apple developer community which has 16 million registered developers and added three million last year.

He announced that Amazon’s video app will come to Apple’s TV streaming box later this year. The app will let users stream all the Amazon original hits.

Soon after the announcement Amazon tweeted, “You asked (a lot). We listened. Amazon Prime Video is coming to the TV App and all Apple TVs this year.”

Apple also announced that watchOS 4, the next version of its smartwatch platform, will be arriving in September. It includes new features for watchfaces, such as complications updating based on time of day or location and a new Siri-based watchface.

The Siri watchface uses machine learning to determine what information is most useful to you at a given point in time.

Other new watchfaces include a kaleidoscope and new characters such as Woody, Jesse, and Buzz from the Toy Story movie franchise.

WatchOS 4 will also bring updates to the watch’s fitness tracking, including a new user interface for the workout app and new integrations with gym equipment manufacturers.

Apple said that watch wearers will be able to link their devices with the gym equipment through NFC.

Next up in tech is Apple’s new version of macOS is called High Sierra which is launched with new Safari browser.

Apple said that it is the fastest browser ever with features like autoplay blocking, intelligent tracking prevention that uses machine learning to block irritating content.

Apple also brought file system and virtual reality (VR) to High Sierra.

The tech titan also announced updates to its entire MacBook line giving its laptops more powerful specifications in the form of the latest Intel chips.

MacBook Pros will be shipped with Intel’s Kaby Lake processors and faster SSDs. The company also launched a new configuration of the 13-inch MacBook Pro without a Touch Bar that starts at a cheaper $1,299.

The newly updated MacBook laptops are now available.

Apple also showed a sneak peek into a new all-in-one desktop called the iMac Pro.

Called as “the most powerful Mac ever, the new product will be available from December starting at $4,999.

The new machine will come with an 8-core Xeon processor, with configurations that scale up to an 18-core Xeon processor and an all-new AMD Radeon Vega graphics GPU, up to 16GB of VRAM and up to 4TB for SSD storage.

Cook also launched iOS 11 with over 10 new features. He said that iOS 10 had nearly 96 per cent satisfaction with 86 per cent iPhone users installing the update as compared to only seven per cent Android users who installed Android Nougat – the latest version of Google’s operating system.

The new iOS will now synchronize messages across iOS and macOS automatically. If a user erases a message on your iPhone or iPad, that will be reflected on the Mac as well.

Apple also made improvements to Siri including making the assistant’s voice sound more natural when responding to users.

Siri will now be able to perform translations in various languages including English, Chinese, French, German, Italian and Spanish.

IANS

Business

Vodafone retrospective tax decision was erroneous: Jaitley

Published

on

Vodafone Tax Case

The decision taken by the previous UPA government to tax British telecom multinational Vodafone Group retrospectively was an “erroneous” one, the likes of which the ruling NDA would be loath to repeat, Finance Minister Arun Jaitley said on Saturday.

He was responding to a question from the audience here on the issue at the ET Global Business Summit here.

“I always felt Vodafone tax decision was an erroneous decision. This government decided it will not be taking any retrospective decision,” Jaitley said.

It was precisely for this reason that the Long Term Capital Gains Tax reintroduced in the Budget earlier this month had been exempted for investments made up to January 31, 2018, he added.

The Budget 2018-19 has proposed to tax long-term capital gains on equities exceeding Rs 1 lakh at 10 per cent, which is expected to bring in revenue of Rs 20,000 crore.

However, capital gains made on shares until January 31, 2018, will be “grandfathered”, Jaitley said while presenting the budget, adding “we have protected all investments coming in before February 1”.

Vodafone is facing tax claims and interest totalling more than Rs 22,000 crore in India, which includes Rs 14,200 crore for acquiring Hutchison’s stake in 2007.

The UPA government had said that the Hutchison-Vodafone deal was liable for tax deduction at source (TDS) under the Income Tax (IT) Act. While the Supreme Court subsequently quashed the demand in January 2012, the government amended the IT Act retrospectively, putting the liability back on Vodafone Group.

The company last year said an international arbitration tribunal would begin trial on Vodafone’s challenge to India’s retrospective legislation to seek Rs 22,100 crore in taxes.

In this connection, the UK India Business Council (UKIBC) has said thatb predictability and clarity regarding retrospective taxation would help British companies to invest more in India.

“I think that if there was more clarity, certainty, predictability around retrospective taxation and (resolving) the Vodafone issue that would help the UK companies make their investment decisions in India,” UKIBC Managing Director Richard McCallum told IANS over a telephonic interaction on Friday.

Continue Reading

Business

Equities recoup on value buying after 3 weeks of losses

Published

on

sensex

Mumbai, Feb 24: After three weeks of consecutive losses, the key Indian equity indices bounced back from their lows to close this week with humble gains on value buying by investors.

Market observers said futures and options (F&O) expiry infused volatility in the domestic markets, amid global cues and a slew of domestic developments like the $1.8 billion fraud reported by the Punjab National Bank (PNB) and a weakening rupee due to the continuous outflow of foreign funds.

However, losses were trimmed as bargain-hunting by investors on the last trading day of the week lifted the benchmark indices.

On a weekly basis, the barometer 30-scrip Sensitive Index (Sensex) of the Bombay Stock Exchange (BSE) edged higher by 131.39 points or 0.39 per cent to close at 34,142.15 points.

The wider Nifty50 of the National Stock Exchange (NSE) closed trade at 10,491.05 points — up 38.75 points or 0.37 per cent from its previous week’s close.

“The week gone by saw the Nifty bouncing back from a low of 10,302 to finally end with a modest gain. This week’s gains came after three weeks of losses,” Deepak Jasani, Head, Retail Research, HDFC Securities, told IANS.

According to D.K. Aggarwal, Chairman and Managing Director of SMC Investments and Advisors, markets across the globe fluctuated wildly — highlighting the market’s fragility — as investors continued to assess the quickening pace of economic growth and the prospects of the US Federal Reserve’s tightening efforts.

“Back home, the sentiment of market participants have been dented by factors such as surging US bond yields, a multi-crore fraud in India’s second-largest public sector lender PNB and the return of long-term capital gains (LTCG) tax on equities, which put a break on the record-setting market rally,” he added.

During the eight trading sessions following the detection of a $1.8 billion fraud in one of the branches of the PNB, the bank’s shares on the BSE have plunged almost 30 per cent to Rs 113.40 per share.

Gitanjali Gems, the other listed entity involved in the fraud case, also witnessed an eight-day fall in its shares, nosediving 60.54 per cent to Rs 24.80 per share.

“The consolidation in the domestic market continued due to the NPA (non-performing assets) issue in public-sector banks, trade deficit, conflict between NSE and SGX, rise in bond yield and depreciation in rupee due to selling by FIIs (foreign institutional investors),” said Vinod Nair, Head of Research, Geojit Financial Services.

On the currency front, the rupee weakened by 51-52 paise to close at 64.73 against the US dollar from last week’s close of 64.21-22.

Provisional figures from the stock exchanges showed that FIIs sold-off scrips worth Rs 5,781.98 crore, while domestic institutional investors (DIIs) purchased scrips worth Rs 5,972.69 crore during the week.

Figures from the National Securities Depository (NSDL) revealed that foreign portfolio investors off-loaded equities worth Rs 3,054.94 crore, or $468.06 million, during February 20-23.

Sectorwise, Jasani said: “The top sectoral gainers were IT, metal and Bank Nifty indices. The top losers were auto, realty and pharma indices.”

The top weekly Sensex gainers were: Tata Consultancy Services (up 4.76 per cent at Rs 3,076.90); Yes Bank (up 3.75 per cent at Rs 323.60); Infosys (up 2.74 per cent at Rs 1,155.65); Kotak Bank (up 2.67 per cent at Rs 1,079.85); and Coal India (up 2.49 per cent at Rs 310.55).

The losers were: Bajaj Auto (down 3.70 per cent at Rs 2,988); Asian Paints (down 3.65 per cent at Rs 1,101.90); Mahindra and Mahindra (down 3.29 per cent at Rs 719.30); Tata Motors (down 2.73 per cent at Rs 360.45); and Tata Motors (DVR) (down 2.32 per cent at Rs 203.85).

IANS

Continue Reading

Business

In the Indian system politicians are accountable but regulators are not: FM Jaitely on Banking frauds

Published

on

arun Jaitely
Finance Minister Arun Jaitely at Global Business Summit (Photo-ANI)

Finance Minister Arun Jaitley on Saturday told that cases of periodical willful default are much more dangerous than business failure and bank frauds.

Speaking at Global Business Summit the leader pointed out that these kinds of incidents not only harm the economic atmosphere like the ease of doing business but also scars the economy.

The finance minister Jaitley also said, “If a fraud is taking place in multiple branches of banking system & no one raised the red flag, doesn’t that become worrisome for a country. Similarly, top management who were indifferent, multiple layers of auditing system which chose to look another way, it creates a worrisome situation.”

The leader also referred that Regulators plays important roles and decide the rules of the game and they have to have a third eye which perpetually is open.

“Unfortunately, in the Indian system we politicians are accountable but regulators are not,” he added.

WeForNews

Continue Reading
Advertisement

Most Popular