Author: Biz India

India test fires nuclear-capable Agni III missile successfully

By Hindu Business Line Balasore (Odisha), Sept 21, 2012 – Two days after the successful trial of the long-range Agni-IV missile, India today testfired its nuclear-capable Agni-III ballistic missile with a strike range of 3000 km from an island off the Odisha coast. The indigenously developed surface-to-air missile, which can carry a warhead of 1.5 tonne protected by a carbon all composite heat shield, took off at 1315 hours from a mobile launcher at launch complex-4 of Integrated Test Range at Wheeler Island, defence sources said. The trajectory of the trial was monitored for data analysis through telemetry stations,...

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Judge orders arrest of Brazil Google president over failure to remove YouTube electoral video

By BBC News Rio de  Janeiro, Sept 26, 2012 – A regional judge has ordered the arrest of Google’s president in Brazil, Fabio Jose Silva Coelho, after the company failed to take down YouTube videos. Authorities say the videos are slanderous towards a candidate running in a city’s election for mayor. The judge ordered the removal of the videos last week, but Google has refused to remove them and says it is appealing. It says it is not responsible for the content posted on its site. According to Brazilian media, the videos in question suggest Alcides Bernal – a...

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Book Review: The Architecture of Innovation

Author: Josh Lerner Publisher: Harvard Business Review Press Book Review by:  Sonu Chandiram Many companies have embraced innovation as an ideal and seek to create unique products to carve out growing market niches for themselves. But the distance between this ideal and the woeful reality of failure – the theft of ideas, the loss of investments, and infringement lawsuits, for example – is growing. Josh Lerner, a professor of investment banking atHarvardBusinessSchooland co-director of the Productivity, Innovation and Entrepreneurship Program at the National Bureau of Economic Research, points out the problems most company executives face as they try to...

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Harnessing Africa’s Stock Exchanges for Portfolio Growth

Despite weaknesses, right policies could unleash their power By Masimba Tafirenyika Days before Facebook became a public company on May 18, the hype behind the social network giant went into overdrive. Investors salivated over a rare chance to make quick profits. The 900 million plus fans who had turned Facebook into a global giant wondered publicly what was in it for them. In the event, Facebook’s crowning achievement as a public company was an anticlimax — and even almost turned into a disaster. Yet the flotation showed the twin power of stock markets: an ability to raise capital for...

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Apple Sells More Than 5 Million iPhone 5’s in 3 Days!

By David Goldman – CNN Money Watch Video: The World Welcomes iPhone 5 September 24, 3012 – Apple sold more than 5 million iPhone 5 phones since the highly anticipated device went on sale on Friday, setting a new sales record for the device, Apple announced Monday. Over the weekend, the company outpaced the 4 million iPhone 4S units that it sold during last year’s opening weekend, though the numbers are a bit skewed. This year’s iPhone was simultaneously launched in the United States, Australia, Canada, France, Germany, Hong Kong, Japan, Singapore and the United Kingdom, while last year’s...

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