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Bangalore-based Devraj Group firm Lakshmi Access Communications Systems today said it will invest around Rs 100 crore in the next two years on research, product development and marketing activities. The company, which forayed into wireless media services in March this year, said it plans to sell around 10 lakh units of its first product ''Magnum'', a touchscreen media device, by the end of this fiscal.

"We are pumping in around Rs 100 crore on our research and development, product development and other marketing activities," Lakshmi Access Communications Systems (LACS) Chief Executive Officer Mahendraa Kumar D Jain said. He said LACS plans to introduce ''Magnum'' in the North Indian states this month following its launch in South India in March, this year.

Thursday, 27 May 2010 20:39

LACS Magnum : India's Answer To IPAD

All you tech lovers can now look forward to something new. A Bangalore based start-up LACS, has come up with an affordable smart gadget called Magnum to take on Apple's iPhone. The device is internet and GPS enabled.

The Magnum has a 4.3-inch resistive touch screen and is available in as many as five colours. The phone has features such as in-built GPS navigation, music, video, browsing, and games among other things. It also allows users to sync their mobile phone via Bluetooth with the Magnum, allowing syncing of music and other media with the Magnum. You can also back up your phone contacts via this sync. It's priced at Rs. 8,888 plus taxes.

The Magnum runs on a 500MHz processor and on old Windows CE 6.1 operating system. When asked why LACS decided to use such an old OS and not opt for newer solutions, Mr. Jain said, “Technologies sound good on paper. Android is a great operating system no doubt, but since it is free to use, there is no guarantee of support. I don't want to be in a position where my customer has to suffer because of any backend issues. So at this point in time we decided to go ahead with Win CE which is a more stable system. Once assured that Android or any other OS is stable and I can provide the necessary support later on, we will go ahead and implement it in our devices.”

Wednesday, 21 April 2010 09:29

Htc Snap

HTC Snap offers a simple set of features, designed to keep your life running smoothly. Update your calendar, manage your contacts and emails and stay totally organized with the familiar experience of Windows Mobile. Even texting is faster than ever with the friendly QWERTY keyboard.

Inner Circle = Quick Connections

Life seems to be speeding up. And with more to organize and less time to do it, your phone should help prioritize the people who matter most to you. HTC Inner Circle keeps you connected to your exclusive few. With the touch of a button, e-mails from your “inner circle” rise to the top for quick access and streamlined communication.

Wednesday, 21 April 2010 09:24

LG GW300

LG GW300 is QWERTY keyboard lets you text faster and easier, and the unique LiveSquare makes your experience as rich and fun as talking to your friends. Come play with us in LiveSquare.

LG GW300's weight. Just for comparison the BlackBerry Bold 9700 weighs 4.3 ounces, whereas the GW300 is a mere 3.53 ounces. Despite the lightness you'll find plenty of physical features all over: a circular D-pad sandwiched by two concave keys, a decent 2.4-inch 320 x 240 LCD screen, a QWERTY keyboard (obviously, although our review unit came with a German QWERTZ version), an FM radio (headphones required), a standard 3.5mm handsfree jack (awesome) and a micro-USB port. There's also a hot-swappable slot for a microSD card, supporting up to 16GB. On the back lie a removable 900mAh battery and a two megapixel camera sans flash. For color options you have silver and black (like our review unit), silver and red, and silver and aqua.

Wednesday, 21 April 2010 09:21

Mercedes Benz E Class

E Class has maintained the standards set by Mercedes over the years. Due to constant innovation in the automobile industry some people may feel it is lacking in looks and new features. However, it is a great sedan for its build quality and passenger safety & comfort. It is excellent in rear seat comfort. This luxury car has many comfort features like thermotronic automatic climate control, multifunctional steering wheel, comfort fit seat belt, adjustable headrests, sunroof and sunvisors with illuminated vanity mirrors. Its safety features include Electronic Stability Program to avoid skidding, different advanced braking system like Sensotronic Brake Control (SBC), electro hydraulic brake system, airbags, window bags, front side bags, weight sensors, rain sensors and aero wipers. However, E Class has been surpassed by Audi A6 and BMW 5 Series in innovation.

Wednesday, 21 April 2010 09:20

We’re not good enough: Whatmore

After being out-classed by a ruthless Chennai Super Kings side, Kolkata Knight Riders coach Dav Whatmore conceded that his team have come up short in the IPL. Here’s more from the post-match media interaction:

Excerpts:

On the disappointing performance and what went wrong

Well it was disappointing. I guess we misread the pitch a little bit before the game and we didn’t score enough runs.

Misread the pitch in what way?

We picked four medium pacers and they picked two. I felt they probably knew a little bit more than us, that happens sometimes.

He has given us internationally acclaimed films like Elizabeth and Elizabeth - The Golden Age. While closer to home, he has enthralled the audience with films like Masoom, Mr. India, Bandit Queen. And now, once again, Kapur takes India to the centre stage after getting elected on the feature film jury of the 63rd Cannes Film Festival.

The festival which spans the duration from May 12 to 23 will also have other internationally reckoned names along side Shekhar like Kate Beckinsale, Italian actress Giovanna Mezzogiorno, Alberto Barbera, Frence author/ screenwriter and director Emmanuel Carrere, Benicio Del Toro, and Spanish director Victor Erice, while Tim Burton will preside over the jury for feature films at the 63rd Cannes Film Festival.

With this, Shekhar will be the next in line following veteran actress and Censor Board Chief Sharmila Tagore who was on the jury last year and Aishwarya Rai who was part of the prestigious Cannes jury in 2003.

Integrated offshore oilfield services provider Great Offshore on Tuesday reported a marginal growth of 2.38 per cent in net profit to Rs 73.05 crore for the fourth quarter ended March, 2010.

The company had a net profit of Rs 71.35 crore in the same period of the previous fiscal.

Total income of the company rose to Rs 278.52 crore for the March quarter, as compared to Rs 269.65 crore for the same period of the corresponding fiscal, Great Offshore said in a filing to the Bombay Stock Exchange (BSE).

For the year ended March, 2010, the company posted a net profit of Rs 176.18 crore, compared to Rs 211.10 crore in the last fiscal.

Shares of Great Offshore today closed at Rs 418.55 on the BSE, up 1.42 per cent from its previous close.

India's third-largest private bank Axis Bank has again demonstrated its ability to grow at a faster pace than the industry, something which its investors have now become accustomed to.

During the fourth quarter, the bank reported a growth of 28% in its loan book, significantly higher than the rate of 17% clocked by the industry, after loan growth had slipped to 12.5% in the quarter-to-December ’09.

Throughout the first nine months of FY10, the bank’s loan growth kept on sliding. There was a sharp turnaround in the March ’10 quarter, as net accretion to the bank’s loan book was Rs 19,573 crore, compared to just Rs 3,726 crore in the previous quarter. The unprecedented growth was on account of a higher pick-up in demand for loans and one-off factors such as an increase in limit utilisation by a few corporates.

Wednesday, 21 April 2010 09:12

GTL Q4 net rises 27% to Rs 44 cr

Network services provider GTL has posted a 27% growth in quarterly net profit in the March quarter, helped by a robust growth in revenues from international operations and forex gain. It reported Rs 44-crore net profit in the March quarter. Revenues, during the period, grew by 10% to Rs 625 crore.

The company’s board has proposed a dividend of Rs 3 per share for FY10.

GTL, whose clients include Ericsson, Nokia Siemens Networks and Alcatel Lucent, earned Rs 214-crore revenues from international sales. This is up 34% over the same quarter of FY09. Its income from other operations due to forex gains improved 170% to Rs 28 crore, according to a company statement.

For FY10, GTL’s net profit was up 50% to Rs 206 crore. Consolidated revenues, including those from the Middle East, Africa, Europe and North America, were Rs 2,237 crore, a growth of 15% over FY09. The company has presence in 46 countries. It has an orderbook of Rs 4,223 crore, of which projects worth Rs 3,378 crore will be executed in India.

The total manpower of GTL increased to 7,066 as on March 31, 2010, against 5,942 in the corresponding year-ago period.

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