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Uber has lost its&nbsp;licence to operate in London after the city&#39;s transport authority&nbsp;announced today that they would not renew the ride-sharing app&nbsp;license.

&quot;Transport for London has concluded that Uber London Limited is not fit and proper to hold a private hire operator licence,&quot; London transport said in a statement.

Uber has been under fire in Europe over its status as a taxi company, the app-based service says it is a digital enabler but several European countries disagree.

In May, the Court of Justice of the European Union had said, &quot;Uber electronic platform, whilst innovative, falls within the field of transport, Uber can thus be required to obtain the necessary licences and authorisations under national law&quot;.

Uber said it would appeal the&nbsp;decision by London authorities not to renew its licence.

&quot;By wanting to ban our app from the capital, Transport for London and the mayor have caved in to a small number of people who want to restrict consumer choice,&quot; the company said in a statement.

Uber said it would impact over 3.5 million Londoners who use the service.

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In May, the Court of Justice of the European Union had said, "Uber electronic platform, whilst innovative, falls within the field of transport, thus is required to obtain the necessary licences and authorisations under national law".

Uber has lost its licence to operate in London after the city's transport authority announced today that they would not renew the ride-sharing app license. "Transport for London has concluded that Uber London Limited is not fit and proper to hold a private hire operator licence," London transport said in a statement. Uber has been under fire in Europe over its status as a taxi company, the app-based service says it is a digital enabler but several European countries disagree. In May, the Court of Justice of the European Union had said, "Uber electronic platform, whilst innovative, falls within the field of transport, Uber can thus be required to obtain the necessary licences and authorisations under national law". Uber said it would appeal the decision by London authorities not to renew its licence. "By wanting to ban our app from the capital, Transport for London and the mayor have caved in to a small number of people who want to restrict consumer choice," the company said in a statement. Uber said it would impact over 3.5 million Londoners who use the service.

Uber loses license to operate in London, company says 'will appeal ban'

Tata Motors has launched its first compact SUV Nexon in India with price starting from 6.8 lakhs for petrol and $12,000 for diesel. Watch full video to know more.

Tata Motors launches first compact SUV in India

China on Friday lashed out at the decision by Standard &amp; Poor&#39;s to downgrade the country&#39;s credit rating, calling the warning against ballooning debt &quot;mistaken&quot; and based on &quot;cliches&quot; about its economy.

The agency slashed China from AA-minus to A-plus on Thursday, a move that followed a similar decision in May by Moody&#39;s stemming from concerns that the world&#39;s second largest economy is increasingly overleveraged.

&quot;Standard &amp; Poor&#39;s downgrade of China&#39;s sovereign credit rating is a mistaken decision,&quot; the finance ministry said in a statement, adding that the move was &quot;perplexing.&quot;

It went on to scold the company for making a decision based on &quot;cliches&quot; about China&#39;s economy.

The rating &quot;ignores the unique characteristics of the capital raising structure of China&#39;s financial markets&quot;, it said.

&quot;Most unfortunately, this is inertial thinking that international ratings agencies have held for a long time and is a misreading of China&#39;s economy based on the experiences of developed countries,&quot; the ministry said.

&quot;This misreading also overlooks the good fundamentals and development potential of China&#39;s economy.&quot;

S&amp;P followed the move on Friday by cutting the top-notch credit rating of Hong Kong citing the city&#39;s close links the the mainland economy.

Debt-fuelled investment in infrastructure and property has underpinned China&#39;s rapid growth, but there are widespread concerns that years of freewheeling credit could lead to a financial crisis with global implications.

Beijing has been clamping down on bank lending and property purchases, but those efforts are complicated by the government&#39;s determination to meet its full-year growth target of around 6.5 percent.

That compares with last year&#39;s pace of 6.7 percent, which was the slowest in more than a quarter of a century.

Premier Li Keqiang said in June that China could meet its target.

Despite the downgrades, analysts have said China&#39;s efforts to deal with the explosion in credit growth have been effective.

&quot;In our view, China&#39;s debt situation has actually improved,&quot; ANZ Research said in a note Friday, adding &quot;we do not expect much financial market impact from the ratings action.&quot;

When Moody&#39;s downgraded China to A1 in May, it was the first time in almost three decades that the country&#39;s credit rating was cut.

China posted better-than-expected second quarter growth as the economy expanded by 6.9 percent, but analysts have warned that the momentum may not last.

S&amp;P said it &quot;may raise&quot; its rating on China if debt growth slows significantly while the country maintains economic expansion at &quot;healthy levels&quot;.

However, it warned another downgrade &quot;could ensue if we see a higher likelihood that China will ease its efforts to stem growing financial risk and allow credit growth to accelerate to support economic growth&quot;.

'Standard & Poor's downgrade of China's sovereign credit rating is a mistaken decision,' the finance ministry said in a statement, adding that the move was 'perplexing'

China on Friday lashed out at the decision by Standard & Poor's to downgrade the country's credit rating, calling the warning against ballooning debt "mistaken" and based on "cliches" about its economy. The agency slashed China from AA-minus to A-plus on Thursday, a move that followed a similar decision in May by Moody's stemming from concerns that the world's second largest economy is increasingly overleveraged. "Standard & Poor's downgrade of China's sovereign credit rating is a mistaken decision," the finance ministry said in a statement, adding that the move was "perplexing." It went on to scold the company for making a decision based on "cliches" about China's economy. The rating "ignores the unique characteristics of the capital raising structure of China's financial markets", it said. "Most unfortunately, this is inertial thinking that international ratings agencies have held for a long time and is a misreading of China's economy based on the experiences of developed countries," the ministry said. "This misreading also overlooks the good fundamentals and development potential of China's economy." S&P followed the move on Friday by cutting the top-notch credit rating of Hong Kong citing the city's close links the the mainland economy. Debt-fuelled investment in infrastructure and property has underpinned China's rapid growth, but there are widespread concerns that years of freewheeling credit could lead to a financial crisis with global implications. Beijing has been clamping down on bank lending and property purchases, but those efforts are complicated by the government's determination to meet its full-year growth target of around 6.5 percent. That compares with last year's pace of 6.7 percent, which was the slowest in more than a quarter of a century. Premier Li Keqiang said in June that China could meet its target. Despite the downgrades, analysts have said China's efforts to deal with the explosion in credit growth have been effective. "In our view, China's debt situation has actually improved," ANZ Research said in a note Friday, adding "we do not expect much financial market impact from the ratings action." When Moody's downgraded China to A1 in May, it was the first time in almost three decades that the country's credit rating was cut. China posted better-than-expected second quarter growth as the economy expanded by 6.9 percent, but analysts have warned that the momentum may not last. S&P said it "may raise" its rating on China if debt growth slows significantly while the country maintains economic expansion at "healthy levels". However, it warned another downgrade "could ensue if we see a higher likelihood that China will ease its efforts to stem growing financial risk and allow credit growth to accelerate to support economic growth".

China lashes back after S&P downgrades credit rating

With the addition of LTE, the new Smartwatch by Apple was launched&nbsp;as an upgraded version of its initial series Watch. 
 
Apple Watch series 3 was designed to make calls and access data without an iPhone nearby. However the device seems to have problems with its new&nbsp;feature, Reuters reported.

Launched with a new feature, built in cellular network connectivity, the watch now reports of wifi glitch which is restricting its cellular connectivity.&nbsp;

Apple has said that the watch can experience LTE connectivity problems while connecting to open wi-fi networks, Reuters reported.&nbsp;

The Apple device has been receiving mixed reviews. While reviewers such as New York Times praised the new feature many others including Wall Street Journal and The Verge are not giving positive remarks, Reuters reported.&nbsp;

The mixed reviews have influenced the Apple shares which closed down about 1.7 per cent at $156.07.

Apple had claimed eighteen hours of battery life for its Smartwatch. However, some reviews have also expressed disappointment over the drain of watch&#39;s battery while making calls.&nbsp;Though Apple had said that the watch would get only one hour on a cellular phone call.&nbsp;

With a starting price of $399 the Watch Series 3 was launched by Apple alongside its tenth anniversary Apple iPhone X

&nbsp;

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Apple Watch series 3 was designed to make calls and access data without an iPhone nearby. However the device seems to have problems with its new?feature, Reuters reported

With the addition of LTE, the new Smartwatch by Apple was launched as an upgraded version of its initial series Watch. Apple Watch series 3 was designed to make calls and access data without an iPhone nearby. However the device seems to have problems with its new feature, Reuters reported. Launched with a new feature, built in cellular network connectivity, the watch now reports of wifi glitch which is restricting its cellular connectivity. Apple has said that the watch can experience LTE connectivity problems while connecting to open wi-fi networks, Reuters reported. The Apple device has been receiving mixed reviews. While reviewers such as New York Times praised the new feature many others including Wall Street Journal and The Verge are not giving positive remarks, Reuters reported. The mixed reviews have influenced the Apple shares which closed down about 1.7 per cent at $156.07. Apple had claimed eighteen hours of battery life for its Smartwatch. However, some reviews have also expressed disappointment over the drain of watch's battery while making calls. Though Apple had said that the watch would get only one hour on a cellular phone call. With a starting price of $399 the Watch Series 3 was launched by Apple alongside its tenth anniversary Apple iPhone X

Apple Watch Series 3 reports of connectivity glitch

Smartphone maker HTC said Thursday it was selling part of its business to Google for $1.1 billion.&nbsp;

AFP reported HTC as saying that the deal includes intellectual property licensing and half of HTC&#39;s research staff, or around 2,000 people, and is expected to be completed in early 2018 pending regulatory approval. &nbsp;

The announcement marks Google&#39;s latest push into hardware manufacturing.&nbsp;

&quot;For Google, the deal will further strengthen its investment in and committment to smartphones and its hardware business... it shows that Google sees Taiwan as a key hub for innovative technology,&quot; AFP reported HTC spokesman Peter Shen as telling a press conference in Taipei.

The announcement marks Google's latest push into hardware manufacturing

Smartphone maker HTC said Thursday it was selling part of its business to Google for $1.1 billion. AFP reported HTC as saying that the deal includes intellectual property licensing and half of HTC's research staff, or around 2,000 people, and is expected to be completed in early 2018 pending regulatory approval. The announcement marks Google's latest push into hardware manufacturing. "For Google, the deal will further strengthen its investment in and committment to smartphones and its hardware business... it shows that Google sees Taiwan as a key hub for innovative technology," AFP reported HTC spokesman Peter Shen as telling a press conference in Taipei.

Google to buy part of smartphone maker HTC for $1.1 billion

The head of UK energy firm Drax, Dorothy Thompson, is stepping down from the firm.

Thompson headed the UK energy firm Drax for twelve years.&nbsp;

Dorothy Thompson was appointed in 2005 and will leave the company by the end of 2017, Independent reported.&nbsp;

She will be replaced by chief financial officer Will Gardiner, who will take up the position from January 1.&nbsp;

Dorothy&#39;s stepping down is marked as a big event as she is one of Britain&#39;s few female company heads from the Energy sector.

The 2017 data from the Professional Boards Forum&#39;s BoardWatch reveals only 10 female CEOs across the FTSE 250. Whereas six female chiefs in the FTSE 100, Independent reported. &nbsp;

The news of Dorothy Thompson stepping down did not influence the investors much as the shares remained flat at 315.5p.&nbsp;

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Thompson headed the UK energy firm Drax for twelve years

The head of UK energy firm Drax, Dorothy Thompson, is stepping down from the firm. Thompson headed the UK energy firm Drax for twelve years. Dorothy Thompson was appointed in 2005 and will leave the company by the end of 2017, Independent reported. She will be replaced by chief financial officer Will Gardiner, who will take up the position from January 1. Dorothy's stepping down is marked as a big event as she is one of Britain's few female company heads from the Energy sector. The 2017 data from the Professional Boards Forum's BoardWatch reveals only 10 female CEOs across the FTSE 250. Whereas six female chiefs in the FTSE 100, Independent reported. The news of Dorothy Thompson stepping down did not influence the investors much as the shares remained flat at 315.5p.

Dorothy Thompson steps down from Drax

General Motors will recall more than 2.5 million vehicles in China over concerns about airbags made by troubled Japanese giant Takata, Chinese authorities said, dealing a blow to the US automaker in the world&#39;s largest car market.

GM and its joint venture partner Shanghai GM will start withdrawing vehicles fitted with the potentially faulty airbags beginning next month and will include Chevrolet and Buick cars, China&#39;s top consumer watchdog said.

They will replace the faulty airbags for free.

Takata has recalled about 100 million airbags produced for some of the world&#39;s largest automakers, including about 70 million in the US, because of the risk that they could improperly inflate and rupture, potentially firing deadly shrapnel at the occupants.

The defect has been linked to 16 deaths and scores of injuries globally, and the issue has led to the biggest car recall in history.&nbsp;

In China, the recalls involve 37 manufacturers and more than 20 million vehicles, of which 24 carmakers had recalled 10.59 million units by the end of June, the General Administration of Quality Supervision, Inspection and Quarantine said Friday.

Last week, the watchdog announced that German carmaker Volkswagen and its joint ventures will recall 4.86 million vehicles in China over the airbag issue.

Of the vehicles being recalled, the vast majority were made in Chinese factories.

China is a crucial market for leading international carmakers, where they must operate as joint ventures with local partners.

GM has a long-standing presence in the country, where last year it sold 3.87 million vehicles making it the second-largest foreign manufacturer in the country, behind Volkswagen.

Suing a dead company

Japanese auto parts giant Takata in February pleaded guilty to fraud for hiding the defect, and paid a $1 billion fine.

The company filed for bankruptcy in June.

Earlier this month, Takata&#39;s largest client, Honda, reached a $605 million settlement in a lawsuit over defective airbags in millions of cars on American roads.

Honda joined Nissan, Toyota, BMW, Mazda and Subaru in agreeing a deal to settle a lawsuit, replace the defective airbags from now-bankrupt Takata, and to compensate car owners.

The latest agreement was filed in the US District Court in Miami.

The bankruptcy of Takata may frustrate the legal challenges by victims harmed by the company&#39;s exploding airbags, which were part of the largest auto safety recall ever.

For those injured and the families of those killed, the major question is what happens to their legal cases while a bankruptcy court sorts through competing claims from Takata creditors.

The bankruptcy could mean the major automakers may find the airbag producer will not reimburse them for their costs, despite an $875 million fund created by Takata in January.

GM and its joint venture partner Shanghai GM will start withdrawing vehicles fitted with the potentially faulty airbags beginning next month and will include Chevrolet and Buick cars, China's top consumer watchdog said.

General Motors will recall more than 2.5 million vehicles in China over concerns about airbags made by troubled Japanese giant Takata, Chinese authorities said, dealing a blow to the US automaker in the world's largest car market. GM and its joint venture partner Shanghai GM will start withdrawing vehicles fitted with the potentially faulty airbags beginning next month and will include Chevrolet and Buick cars, China's top consumer watchdog said. They will replace the faulty airbags for free. Takata has recalled about 100 million airbags produced for some of the world's largest automakers, including about 70 million in the US, because of the risk that they could improperly inflate and rupture, potentially firing deadly shrapnel at the occupants. The defect has been linked to 16 deaths and scores of injuries globally, and the issue has led to the biggest car recall in history. In China, the recalls involve 37 manufacturers and more than 20 million vehicles, of which 24 carmakers had recalled 10.59 million units by the end of June, the General Administration of Quality Supervision, Inspection and Quarantine said Friday. Last week, the watchdog announced that German carmaker Volkswagen and its joint ventures will recall 4.86 million vehicles in China over the airbag issue. Of the vehicles being recalled, the vast majority were made in Chinese factories. China is a crucial market for leading international carmakers, where they must operate as joint ventures with local partners. GM has a long-standing presence in the country, where last year it sold 3.87 million vehicles making it the second-largest foreign manufacturer in the country, behind Volkswagen. Suing a dead company Japanese auto parts giant Takata in February pleaded guilty to fraud for hiding the defect, and paid a $1 billion fine. The company filed for bankruptcy in June. Earlier this month, Takata's largest client, Honda, reached a $605 million settlement in a lawsuit over defective airbags in millions of cars on American roads. Honda joined Nissan, Toyota, BMW, Mazda and Subaru in agreeing a deal to settle a lawsuit, replace the defective airbags from now-bankrupt Takata, and to compensate car owners. The latest agreement was filed in the US District Court in Miami. The bankruptcy of Takata may frustrate the legal challenges by victims harmed by the company's exploding airbags, which were part of the largest auto safety recall ever. For those injured and the families of those killed, the major question is what happens to their legal cases while a bankruptcy court sorts through competing claims from Takata creditors. The bankruptcy could mean the major automakers may find the airbag producer will not reimburse them for their costs, despite an $875 million fund created by Takata in January.

Now, GM to recall 2.5 mn vehicles in China over Takata airbags

The Nifty hit an all-time high on Monday, joining a rally in Asian shares, with banks, diversified conglomerates and automobile firms leading the gains.

Asian shares hit decade highs as investors regained confidence after the weekend passed with no new provocation by North Korea.

&quot;There seems to be a global rally where liquidity is driving all markets. Markets have become very overbought,&quot; said Sanjiv Bhasin, executive vice president of markets and corporate affairs at IIFL.

Trade deficit touched 2.4 percent of gross domestic product and inflation is rising, which means the Reserve Bank of India may not cut rates at its next meeting, he added.

Data released late on Friday showed India&#39;s trade deficit widened to $11.64 billion in August from a month ago.

The broader NSE Nifty was up 0.72 percent at 10,157.90 as of 0555 GMT, with almost all sectors in the green.

Earlier in the session, it gained as much as 0.81 percent to a record high of 10,167.15. The benchmark BSE Sensex was 0.63 percent higher at 32,474.86.

The Nifty auto index gained as much as 1.4 percent, with Tata Motors Ltd rising as much as 2.8 percent and Bajaj Auto Ltd climbing up to 3.5 percent.

&quot;There is a feel-good factor as there could be more spending because of the ongoing festival season,&quot; Bhasin said.

Larsen and Toubro Ltd rose as much as 2.7 percent and Eicher Motors Ltd gained up to 1.9 percent on bargain-hunting after three consecutive sessions of decline.

Bharti Infratel Ltd climbed as much as 3.7 percent, making it the top percentage gainer on the NSE index.

Bharti Infra is dependent on annuity income from cellular towers, which have been in a fine space after Bharti Airtel reduced its stake in the company, according to Bhasin.

The NSE bank index rose as much as 1 percent, with top gainer IndusInd Bank Ltd up as much as 2.5 percent.

Electronics manufacturer Dixon Technologies (India) Ltd surged as much as 70 percent on its trading debut, while Bharat Road Network Ltd rose as much as 6.8 percent on its first day of trading.

Asian shares hit decade highs as investors regained confidence after the weekend passed with no new provocation by North Korea.

The Nifty hit an all-time high on Monday, joining a rally in Asian shares, with banks, diversified conglomerates and automobile firms leading the gains. Asian shares hit decade highs as investors regained confidence after the weekend passed with no new provocation by North Korea. "There seems to be a global rally where liquidity is driving all markets. Markets have become very overbought," said Sanjiv Bhasin, executive vice president of markets and corporate affairs at IIFL. Trade deficit touched 2.4 percent of gross domestic product and inflation is rising, which means the Reserve Bank of India may not cut rates at its next meeting, he added. Data released late on Friday showed India's trade deficit widened to $11.64 billion in August from a month ago. The broader NSE Nifty was up 0.72 percent at 10,157.90 as of 0555 GMT, with almost all sectors in the green. Earlier in the session, it gained as much as 0.81 percent to a record high of 10,167.15. The benchmark BSE Sensex was 0.63 percent higher at 32,474.86. The Nifty auto index gained as much as 1.4 percent, with Tata Motors Ltd rising as much as 2.8 percent and Bajaj Auto Ltd climbing up to 3.5 percent. "There is a feel-good factor as there could be more spending because of the ongoing festival season," Bhasin said. Larsen and Toubro Ltd rose as much as 2.7 percent and Eicher Motors Ltd gained up to 1.9 percent on bargain-hunting after three consecutive sessions of decline. Bharti Infratel Ltd climbed as much as 3.7 percent, making it the top percentage gainer on the NSE index. Bharti Infra is dependent on annuity income from cellular towers, which have been in a fine space after Bharti Airtel reduced its stake in the company, according to Bhasin. The NSE bank index rose as much as 1 percent, with top gainer IndusInd Bank Ltd up as much as 2.5 percent. Electronics manufacturer Dixon Technologies (India) Ltd surged as much as 70 percent on its trading debut, while Bharat Road Network Ltd rose as much as 6.8 percent on its first day of trading.

Nifty hits record high, auto stocks gain

Today seemed to be the historic day for Indian markets as Nifty 50 ended at fresh record closing high. All eyes are now on 2-day Federal Reserve Monetary Policy meeting. Watch to know more.

WION Wallet: Historic day for Indian markets as Nifty 50 ends at fresh record closing high

Finnish mobile games&nbsp;maker&nbsp;<a href="http://www.wionews.com/business-economy/angry-birds-maker-rovios-sales-jump-on-movie-boost-19038" target="_blank">Rovio&nbsp;Entertainment Ltd set a&nbsp;price&nbsp;range&nbsp;on Friday</a> for its planned listing that would value the&nbsp;maker&nbsp;of<a href="http://www.wionews.com/photos/mobile-gaming-tetris-tap-tap-revenge-and-the-rise-of-angry-birds-427" target="_blank"> &quot;Angry&nbsp;Birds&quot; </a>at up to $1.1&nbsp;billion, well below potential values cited in media reports.

The company, whose business is recovering after a tough couple of years, announced its long-awaited initial public offering (IPO) this month, saying it was aiming to boost growth and to take part in gaming industry consolidation.

Initial media reports had said the company could be valued at up to $2&nbsp;billion&nbsp;in the flotation, though analysts had already questioned whether that could really be achieved.

The preliminary&nbsp;price&nbsp;range&nbsp;of 10.25 euros to 11.50 euros per share announced on Friday would give&nbsp;Rovio&nbsp;a market value of 802 million to 896 million euros, or $950 million to $1.1&nbsp;billion.

&quot;If it had been as rumoured, it would have been way too high,&quot; said analyst Atte Riikola from Helsinki-based equity research firm Inderes.

&quot;Looking at sales, the valuation pits&nbsp;Rovio&nbsp;at the same level as it peers, but includes profit growth expectations.&quot;

Rovio, whose games have been downloaded 3.7&nbsp;billion&nbsp;times, grew rapidly after the original &quot;Angry&nbsp;Birds&quot; game was launched in 2009.

But&nbsp;Rovio&nbsp;was slow to respond to a shift to freely available mobile games that make revenue from in-game purchases. It&#39;s business quickly declined as rival games such as Supercell&#39;s &quot;Clash of Clans&quot; and King&#39;s &quot;Candy Crush Saga&quot; took over.

Rovio&nbsp;booked an operating loss and cut a third of its staff in 2015. However, sales are now recovering on the back of the 2016 release of the 3D movie &quot;Angry&nbsp;Birds&quot;, as well as new games.

The company expects to sell about 55 percent of its shares in the flotation, raising 438 million to 488 million euros. Only 30 million would go into&nbsp;Rovio&#39;s coffers, with most going to its major owners, including Trema International and venture capital firms Accel Partners and Atomico.

Trema, which is owned by Kaj Hed, the uncle of&nbsp;Rovio&nbsp;co-founder Niklas Hed, is expected to keep a stake of 37 percent after the listing, down from 69 percent now,&nbsp;Rovio&nbsp;said.

The subscription period starts on September&nbsp;18 with trading expected to be on the Helsinki bourse&#39;s pre-list on September 29 and on the main list on October 3.

The company, whose business is recovering after a tough couple of years, announced its long-awaited initial public offering (IPO) this month

Finnish mobile games maker Rovio Entertainment Ltd set a price range on Friday for its planned listing that would value the maker of "Angry Birds" at up to $1.1 billion, well below potential values cited in media reports. The company, whose business is recovering after a tough couple of years, announced its long-awaited initial public offering (IPO) this month, saying it was aiming to boost growth and to take part in gaming industry consolidation. Initial media reports had said the company could be valued at up to $2 billion in the flotation, though analysts had already questioned whether that could really be achieved. The preliminary price range of 10.25 euros to 11.50 euros per share announced on Friday would give Rovio a market value of 802 million to 896 million euros, or $950 million to $1.1 billion. "If it had been as rumoured, it would have been way too high," said analyst Atte Riikola from Helsinki-based equity research firm Inderes. "Looking at sales, the valuation pits Rovio at the same level as it peers, but includes profit growth expectations." Rovio, whose games have been downloaded 3.7 billion times, grew rapidly after the original "Angry Birds" game was launched in 2009. But Rovio was slow to respond to a shift to freely available mobile games that make revenue from in-game purchases. It's business quickly declined as rival games such as Supercell's "Clash of Clans" and King's "Candy Crush Saga" took over. Rovio booked an operating loss and cut a third of its staff in 2015. However, sales are now recovering on the back of the 2016 release of the 3D movie "Angry Birds", as well as new games. The company expects to sell about 55 percent of its shares in the flotation, raising 438 million to 488 million euros. Only 30 million would go into Rovio's coffers, with most going to its major owners, including Trema International and venture capital firms Accel Partners and Atomico. Trema, which is owned by Kaj Hed, the uncle of Rovio co-founder Niklas Hed, is expected to keep a stake of 37 percent after the listing, down from 69 percent now, Rovio said. The subscription period starts on September 18 with trading expected to be on the Helsinki bourse's pre-list on September 29 and on the main list on October 3.

Angry Birds maker Rovio moves forward with $1 billion IPO

News Corporation co-chair Lachlan&nbsp;Murdoch&nbsp;on Friday launched a bid for Australia&#39;s third-largest television network after the government struck a deal to make controversial changes to media ownership laws.

US broadcaster CBS last month secured an agreement to buy the Ten Network, which is in voluntary administration, days after&nbsp;Murdoch&#39;s investment company Illyria and media mogul Bruce Gordon got regulatory approval to make a bid.

Murdoch&nbsp;and Gordon&#39;s potential bid would only be possible if Canberra changed media laws to allow ownership across multiple platforms, with the first hurdle overcome after the reforms passed the upper house Senate on Thursday.

The laws are expected to come into force when the lower House of Representatives, where the ruling coalition has a one-seat majority, sits again in mid-October.

A spokesman for Ten&#39;s administrators KordaMentha confirmed to AFP they had received the bid, but would not comment further.

The Australian, a News Corp Australia newspaper, cited sources on Friday saying it was higher than the CBS offer.

Under the&nbsp;Murdoch/Gordon proposal, Ten would be relisted on the Australian stock exchange and shareholders would be allowed to keep 25 percent of their equity, The Australian reported.

The maximum payment to unsecured creditors would be Aus$55 million (US$44 million), 72 percent higher than CBS&#39;s, the newspaper added.

Creditors are due to vote on the CBS bid, which also needs approval from the Foreign Investment Review Board, on Tuesday.

Gordon, the owner of regional network WIN, had successfully adjourned the creditors&#39; meeting from September 12 to Tuesday after filing an application with the NSW Supreme Court.&nbsp;

He is&nbsp;currently in court challenging the CBS bid and KordaMentha&#39;s report to creditors on the deal.

Ten, like other Australian and international media organisations, has struggled with slumping advertising revenues. It was placed into voluntary administration in June after Illyria and Gordon&#39;s Birketu refused to continue guaranteeing a key loan.

Under current legislation, introduced in the 1980s to protect diversity, media companies&nbsp;are blocked from owning television, radio and newspaper assets in the same city.

Metropolitan and regional broadcasters are also barred from merging.

The new laws would allow a company, such as News Corp, to own a TV station, newspaper and radio station in a single market. The &quot;reach rule&quot;, preventing a single TV broadcaster from reaching more than 75 percent of the population, would be repealed.

Murdoch, the son of global media mogul Rupert, is also executive chairman of 21st Century Fox and has other industry interests.

In Britain, the government on Thursday referred a planned takeover of pan-European satellite TV giant Sky by 21st Century Fox to British regulators for an in-depth probe.

News Corporation co-chair Lachlan Murdoch on Friday launched a bid for Australia's third-largest television network

News Corporation co-chair Lachlan Murdoch on Friday launched a bid for Australia's third-largest television network after the government struck a deal to make controversial changes to media ownership laws. US broadcaster CBS last month secured an agreement to buy the Ten Network, which is in voluntary administration, days after Murdoch's investment company Illyria and media mogul Bruce Gordon got regulatory approval to make a bid. Murdoch and Gordon's potential bid would only be possible if Canberra changed media laws to allow ownership across multiple platforms, with the first hurdle overcome after the reforms passed the upper house Senate on Thursday. The laws are expected to come into force when the lower House of Representatives, where the ruling coalition has a one-seat majority, sits again in mid-October. A spokesman for Ten's administrators KordaMentha confirmed to AFP they had received the bid, but would not comment further. The Australian, a News Corp Australia newspaper, cited sources on Friday saying it was higher than the CBS offer. Under the Murdoch/Gordon proposal, Ten would be relisted on the Australian stock exchange and shareholders would be allowed to keep 25 percent of their equity, The Australian reported. The maximum payment to unsecured creditors would be Aus$55 million (US$44 million), 72 percent higher than CBS's, the newspaper added. Creditors are due to vote on the CBS bid, which also needs approval from the Foreign Investment Review Board, on Tuesday. Gordon, the owner of regional network WIN, had successfully adjourned the creditors' meeting from September 12 to Tuesday after filing an application with the NSW Supreme Court. He is currently in court challenging the CBS bid and KordaMentha's report to creditors on the deal. Ten, like other Australian and international media organisations, has struggled with slumping advertising revenues. It was placed into voluntary administration in June after Illyria and Gordon's Birketu refused to continue guaranteeing a key loan. Under current legislation, introduced in the 1980s to protect diversity, media companies are blocked from owning television, radio and newspaper assets in the same city. Metropolitan and regional broadcasters are also barred from merging. The new laws would allow a company, such as News Corp, to own a TV station, newspaper and radio station in a single market. The "reach rule", preventing a single TV broadcaster from reaching more than 75 percent of the population, would be repealed. Murdoch, the son of global media mogul Rupert, is also executive chairman of 21st Century Fox and has other industry interests. In Britain, the government on Thursday referred a planned takeover of pan-European satellite TV giant Sky by 21st Century Fox to British regulators for an in-depth probe.

Murdoch in Australia TV network bid after law changes

5G Phones will be ready for mass market by 2019, a year ahead of most of the predictions. 5G commercialization is important for giant tech-makers. Watch to know more.

WION Wallet: 5G Phones to become available for public by 2019

Volkswagen and its Chinese counterparts have decided to recall around 5 million cars due to issues with air bags supplied by bankrupt company Takata. Watch to know more.

WION Wallet: Volkswagen, Chinese partners to recall around 5 million cars

Google is planning to introduce a localized payment service called 'Tez'. It will offer payment options other than the existing ones. Watch to know more.

WION Wallet: Google to introduce mobile payment service in India

China has decided to halt the trading of bitcoin at its exchange, bringing the value of bitcoin down. Watch to know more.

WION Wallet: Chinese Exchange to stop bitcoin trading

Samsung Electronics has set up a $ 300 million fund to invest in car technology startups. Samsung snapped up US-based Harman last year for $8 billion. Watch to know more.

WION Wallet: Samsung enters in market of self-driving cars with separate unit

Google is in legal soup again as the 3 former female employees have filed a lawsuit against Google. The lawsuit accuses Google of discriminating against women in pay and promotions. Watch to know more.

WION Wallet: 3 former female employees file lawsuit against Google

China, blighted by pollution and long known for churning out cheap manufactured goods, is looking to dominate the high-end of a major growth market: solar power.

Under a new program, China is pushing the industry to mass market high-performance solar cells so far used mainly in high-tech products like satellites.

Making these cells more affordable will likely further boost a sector that has already disrupted global electricity generation.

It will also put pressure on international solar cell makers such as Canadian Solar, REC Solar, Sharp and Sunpower which compete with Chinese leaders including LONGi Green Energy Technology, Trina Solar, and JA Solar Holdings.

Under its 2017 &quot;Top Runner Program&quot;, China&#39;s National Energy Administration (NEA) plans to add 8-10 gigawatt (GW) of solar capacity to its existing 80 GW.

&quot;This shift ... could have far-reaching implications for the global solar industry, especially vaulting China into the top ranks of countries pursuing solar R&amp;D,&quot; Stanford University said in its 2017 report on the solar industry.

Multi Out, Mono In

World solar power generation capacity has ballooned to around 300 GW from just 1 GW in 2000, according to International Renewable Energy Agency (Irena) data - and is set to double again by 2020.

That growth has largely relied on multi-crystalline silicon photovoltaic (PV) cells - sometimes called polycrystalline - in which solar units consist of multiple silicon crystallines.

These have been cheaper to produce than the more efficient mono-crystalline cells, which are made from single crystalline units.

The price of multi-crystalline cells has dropped to well below 50 cents per watt from $80 in 1980.

But prices are now converging as China scales up production of mono-crystalline cells.

Energy Trend, a consultancy, says the average price of a Chinese high-efficiency, multi-crystalline cell is now $0.225 per watt, compared to just $0.319 for high-efficiency, mono-crystalline cells.

&quot;With poly-silicon products, we have seen the (development) ceiling. Now, we are ramping up investment of mono-solar,&quot; said Xie Tian, director of quality management at LONGi Green Energy Technology. &quot;Mono-crystalline can take more than 50 percent of the market,&quot; he said, up from around a fifth today.

Analysts say demand for mono-crystalline panels is already strong.

&quot;Many panel makers... can&#39;t meet orders. Their bookings are full until next year,&quot; said Jason Tsai of Energy Trend.

Not New, But Better

Mono-crystalline technology is not new, but because of its cost, has mainly been used in high-tech space products.

But its use is likely to increase as the cost differential narrows, meaning a higher efficiency can be had at a similar price.

Under the &quot;Top Runner&quot; program, pay-outs known as Feed-in-Tariffs will favour high-efficiency projects.

&quot;It&#39;s much easier to meet the requirements on mono, therefore it (the program) is accelerating investment in mono,&quot; said Steve O&#39;Neil, CEO of REC Solar, a Singapore-based panel maker owned by Chinese state-owned ChemChina.

Germany&#39;s Fraunhofer Institute for Solar Energy, a leader in solar development, said in July the record laboratory efficiency for mono-crystalline was 26.7 per cent per cell, versus 21.9 per cent for multi-crystalline.

While China is driving the shift into mono-crystalline, producers globally are adopting.

REC, for example, says it is starting to move into mono-crystallines after focusing largely on multi-crystalline cells.

&quot;We&#39;ve been looking into mono to further improve power output. In early July, we started production of a... mono solar panel specifically designed for Japan&#39;s residential market,&quot; O&#39;Neil said.

Solar cell development doesn&#39;t end with mono-crystalline cells, and China&#39;s competitors aren&#39;t sitting idle.

Fraunhofer has developed so-called multi-junction cells with an efficiency of 46 percent, and U.S. aerospace giant Boeing&#39;s Spectrolab is developing cells with similar efficiency.

Under a new program, China is pushing the industry to mass market high-performance solar cells so far used mainly in high-tech products like satellites

China, blighted by pollution and long known for churning out cheap manufactured goods, is looking to dominate the high-end of a major growth market: solar power. Under a new program, China is pushing the industry to mass market high-performance solar cells so far used mainly in high-tech products like satellites. Making these cells more affordable will likely further boost a sector that has already disrupted global electricity generation. It will also put pressure on international solar cell makers such as Canadian Solar, REC Solar, Sharp and Sunpower which compete with Chinese leaders including LONGi Green Energy Technology, Trina Solar, and JA Solar Holdings. Under its 2017 "Top Runner Program", China's National Energy Administration (NEA) plans to add 8-10 gigawatt (GW) of solar capacity to its existing 80 GW. "This shift ... could have far-reaching implications for the global solar industry, especially vaulting China into the top ranks of countries pursuing solar R&D," Stanford University said in its 2017 report on the solar industry. Multi Out, Mono In World solar power generation capacity has ballooned to around 300 GW from just 1 GW in 2000, according to International Renewable Energy Agency (Irena) data - and is set to double again by 2020. That growth has largely relied on multi-crystalline silicon photovoltaic (PV) cells - sometimes called polycrystalline - in which solar units consist of multiple silicon crystallines. These have been cheaper to produce than the more efficient mono-crystalline cells, which are made from single crystalline units. The price of multi-crystalline cells has dropped to well below 50 cents per watt from $80 in 1980. But prices are now converging as China scales up production of mono-crystalline cells. Energy Trend, a consultancy, says the average price of a Chinese high-efficiency, multi-crystalline cell is now $0.225 per watt, compared to just $0.319 for high-efficiency, mono-crystalline cells. "With poly-silicon products, we have seen the (development) ceiling. Now, we are ramping up investment of mono-solar," said Xie Tian, director of quality management at LONGi Green Energy Technology. "Mono-crystalline can take more than 50 percent of the market," he said, up from around a fifth today. Analysts say demand for mono-crystalline panels is already strong. "Many panel makers... can't meet orders. Their bookings are full until next year," said Jason Tsai of Energy Trend. Not New, But Better Mono-crystalline technology is not new, but because of its cost, has mainly been used in high-tech space products. But its use is likely to increase as the cost differential narrows, meaning a higher efficiency can be had at a similar price. Under the "Top Runner" program, pay-outs known as Feed-in-Tariffs will favour high-efficiency projects. "It's much easier to meet the requirements on mono, therefore it (the program) is accelerating investment in mono," said Steve O'Neil, CEO of REC Solar, a Singapore-based panel maker owned by Chinese state-owned ChemChina. Germany's Fraunhofer Institute for Solar Energy, a leader in solar development, said in July the record laboratory efficiency for mono-crystalline was 26.7 per cent per cell, versus 21.9 per cent for multi-crystalline. While China is driving the shift into mono-crystalline, producers globally are adopting. REC, for example, says it is starting to move into mono-crystallines after focusing largely on multi-crystalline cells. "We've been looking into mono to further improve power output. In early July, we started production of a... mono solar panel specifically designed for Japan's residential market," O'Neil said. Solar cell development doesn't end with mono-crystalline cells, and China's competitors aren't sitting idle. Fraunhofer has developed so-called multi-junction cells with an efficiency of 46 percent, and U.S. aerospace giant Boeing's Spectrolab is developing cells with similar efficiency.

With high-performance cells, China takes aim at high-end solar market

The latest released Android distribution figures by Google has revealed Nougat&#39;s increased market share.&nbsp;

Nougat has overtaken Kitkat&nbsp;with an increase of over 2 per cent users.&nbsp;

The Android&#39;s August market share was 13.5 per cent which increased to 15.8 per cent in the updated release.&nbsp;

After the increase, Nougat has emerged as the third most popular version of Operating System, leaving behind the four-year-old Kitkat.

Nougat was released in 2016.

Nougat now ranks third in the list of leading operating system, after&nbsp;Marshmallow and Lollipop.

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The Android's August market share was 13.5 per cent which increased to 15.8 per cent in the updated release

The latest released Android distribution figures by Google has revealed Nougat's increased market share. Nougat has overtaken Kitkat with an increase of over 2 per cent users. The Android's August market share was 13.5 per cent which increased to 15.8 per cent in the updated release. After the increase, Nougat has emerged as the third most popular version of Operating System, leaving behind the four-year-old Kitkat. Nougat was released in 2016. Nougat now ranks third in the list of leading operating system, after Marshmallow and Lollipop.

Nougat emerges as third most popular Android OS

Volkswagen will recall almost five million&nbsp;vehicles&nbsp;in China over airbag concerns, Chinese authorities said Thursday, dealing a new blow to the German automaker in the world&#39;s largest car market.

VW and its joint ventures with Chinese partners FAW and SAIC will start withdrawing 4.86 million&nbsp;vehicles&nbsp;fitted with potentially faulty airbags made by Japan&#39;s bankrupt airbag giant Takata from March 2018, according to China&#39;s top consumer watchdog.

The announcement came just 10 days after VW and its local partners agreed to recall 1.82 million&nbsp;vehicles&nbsp;owing to a faulty fuel pump.

In March Volkswagen recalled nearly 680,000 premium Audi cars in China over defects in coolant pumps that could lead to engine fires, and another 572,000 due to potential problems arising from leaks in the panoramic sunroof.

The latest recall involves&nbsp;vehicles&nbsp;made between 2005 and 2017, according to the General Administration of Quality Supervision, Inspection, and Quarantine.

Of the&nbsp;vehicles&nbsp;being recalled, more than 4.7 million units were made in Chinese factories and 103,573 are imports.

Takata has recalled some 100 million airbags produced for some of the largest automakers, including about 70 million in the US, due to the risk that they could improperly inflate and rupture, potentially firing deadly shrapnel at the occupants.

The defect has been linked to 16 deaths and scores of injuries worldwide.

China is a crucial market for VW, which sold nearly four million&nbsp;vehicles&nbsp;in the world&#39;s biggest auto market last years.

VW is still trying to recover from the controversy after it admitted in 2015 to equipping its diesel cars with defeat devices to evade emissions tests.&nbsp;

The company pleaded guilty in March to charges stemming from &quot;diesel gate&quot; and agreed to pay $4.3 billion in penalties - on top of $17.5 billion in civil settlements.&nbsp;

Volkswagen still faces legal challenges in Germany and worldwide, and has so far set aside more than 22 billion euros ($24.4 billion) to cover costs.&nbsp;Experts estimate the final bill from the scandal could be even higher.

Volkswagen will recall almost five million vehicles in China over airbag concerns

Volkswagen will recall almost five million vehicles in China over airbag concerns, Chinese authorities said Thursday, dealing a new blow to the German automaker in the world's largest car market. VW and its joint ventures with Chinese partners FAW and SAIC will start withdrawing 4.86 million vehicles fitted with potentially faulty airbags made by Japan's bankrupt airbag giant Takata from March 2018, according to China's top consumer watchdog. The announcement came just 10 days after VW and its local partners agreed to recall 1.82 million vehicles owing to a faulty fuel pump. In March Volkswagen recalled nearly 680,000 premium Audi cars in China over defects in coolant pumps that could lead to engine fires, and another 572,000 due to potential problems arising from leaks in the panoramic sunroof. The latest recall involves vehicles made between 2005 and 2017, according to the General Administration of Quality Supervision, Inspection, and Quarantine. Of the vehicles being recalled, more than 4.7 million units were made in Chinese factories and 103,573 are imports. Takata has recalled some 100 million airbags produced for some of the largest automakers, including about 70 million in the US, due to the risk that they could improperly inflate and rupture, potentially firing deadly shrapnel at the occupants. The defect has been linked to 16 deaths and scores of injuries worldwide. China is a crucial market for VW, which sold nearly four million vehicles in the world's biggest auto market last years. VW is still trying to recover from the controversy after it admitted in 2015 to equipping its diesel cars with defeat devices to evade emissions tests. The company pleaded guilty in March to charges stemming from "diesel gate" and agreed to pay $4.3 billion in penalties - on top of $17.5 billion in civil settlements. Volkswagen still faces legal challenges in Germany and worldwide, and has so far set aside more than 22 billion euros ($24.4 billion) to cover costs. Experts estimate the final bill from the scandal could be even higher.

Volkswagen recalls over 4 million vehicles in China over air bag concerns

In an event held in California on Tuesday, Apple launched its much awaited iPhone X, the tenth-anniversary phone along with iPhone 8 series, and Apple Watch

iPhone X: Special features

Samsung has launched the Galaxy Note 8 in India for Rs 67,900.&nbsp;

Samsung has a lot riding on the 8, with Samsung having withdrawn its predecessor after a number of batteries of the Note 7 combusted.&nbsp;

Zee Business reported that the Note 8 has already received over 2.5 lakh pre-bookings in India.

Similar to the Galaxy S8 and the Galaxy S8+, the Note 8 also sports an &quot;Infinity Display&quot; with an aspect ratio of 18.5:9.

Its 6.3-inch screen is Super AMOLED with a resolution of 1440 x 2960 pixels.

The Note 8 sports other features such as a 64-bit Exynos 8895 octa-core processor chipset with 6GB RAM and 64GB internal storage.

The two cameras have OIS and are designed to obtain different photos from a single click data.

<a href="http://www.wionews.com/business-economy/samsung-galaxy-note-8-to-be-launched-in-india-on-september-12-19966">Similar to the iPhone X, the Note 8 can be charged wirelessly</a>.&nbsp;

The handset also supports Samsung Gear VR and Google Daydream VR.

The Note 8 was launched in New York in August.

&nbsp;

The latest launch comes with a new feature, a dual camera setup

Samsung has launched the Galaxy Note 8 in India for Rs 67,900. Samsung has a lot riding on the 8, with Samsung having withdrawn its predecessor after a number of batteries of the Note 7 combusted. Zee Business reported that the Note 8 has already received over 2.5 lakh pre-bookings in India. Similar to the Galaxy S8 and the Galaxy S8+, the Note 8 also sports an "Infinity Display" with an aspect ratio of 18.5:9. Its 6.3-inch screen is Super AMOLED with a resolution of 1440 x 2960 pixels. The Note 8 sports other features such as a 64-bit Exynos 8895 octa-core processor chipset with 6GB RAM and 64GB internal storage. The two cameras have OIS and are designed to obtain different photos from a single click data. Similar to the iPhone X, the Note 8 can be charged wirelessly. The handset also supports Samsung Gear VR and Google Daydream VR. The Note 8 was launched in New York in August.

Samsung launches Galaxy Note 8 in India at Rs 67,900

More than two years after releasing the Apple Watch, Apple has finally been able to replicate 1940s comic strip technology, an advance that analysts say will spur sales.

The Series 3 of the Apple Watch, released on Tuesday along with the much-anticipated iPhone X, features wireless LTE connectivity. That means customers will be able to make phone calls or send text messages from the watch without needing to have an iPhone nearby, as they do with earlier models.

The ability to make calls with a wristwatch has captured the imagination of tech enthusiasts at least since it was prominently featured in &quot;Dick Tracy,&quot; the comic about a private detective who, starting in 1946, used calls from his wrist to help bust bad guys.

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&quot;This has been our vision from the beginning,&quot; Chief Operating Officer Jeff Williams said at the launch event.

&quot;Now you can go for a run with just your watch and still be connected. It&#39;s really nice to know you can be reached if needed.&quot;

To be sure, Samsung Electronics has sold smart watches with mobile data connectivity since 2014, but the first devices were bulky and suffered from poor battery life because the data connection consumed extra power. They also require a separate phone number.

Apple claims its new Series 3, on the other hand, will have up to 18 hours of battery life and is just a fraction of a millimeter thicker that its previous Series 2. And it will have the same phone number as a customer&#39;s iPhone, which will still be required for the initial set up of the watch.

Apple said that all four major US carriers will offer service for the watch, and AT&amp;T and T-Mobile US&nbsp;both said it would cost an extra $10 a month.

Analysts generally believe the new connectivity could ignite sales, though there is little consensus as to how much.

At $399, the new Watch is only slightly more expensive than the previous model, the $329 Series 2, which introduced standalone GPS capability. That $70 extra buys much more useful capabilities - including the ability to stream music from Apple Music.

&quot;The third time is the charm for the watch,&quot; said Bob O&#39;Donnell of Techanalysis Research.

What may hold some consumers back is the monthly recurring charge, which would far exceed the extra cost of the Series 3 over older watches over time, said Brian Blau, an Apple analyst with Gartner. &quot;Yes, you do have to pay for that extra data plan, but it sounds like the carriers are at least going to make it relatively easy to do,&quot; Blau said.

Apple does not say how many Apple Watches it sells. Bernstein analyst Toni Sacconaghi believes Apple will sell 12 million watches in its fiscal 2017 and 14 million to 15 million in fiscal 2018. Gene Munster with Loup Ventures predicted a much bigger bump, to 26 million units in 2018.

Either way, Apple is putting new pressure on smartwatch rivals such as Fitbit and Garmin, which would be hard-pressed from a technical and business standpoint to match Apple&#39;s wireless features.

But the new Apple Watch still requires an iPhone, which Fitbit believes leaves it ample market room to sell wearable devices that work with all phones, not just iPhones. &quot;With Android comprising approximately 80 per cent of the global smartphone market, broad compatibility remains a core differentiator for Fitbit,&quot; the company said in a statement to Reuters.

Garmin did not immediately respond to a request for comment outside normal business hours.

The Watch will remain a blip in Apple&#39;s sales, which were $215 billion last year. But it may be taking its place as part of a family of products that Apple loyalists cannot do without - all by making a schoolboy fantasy from the 1940s into reality for the masses.

There will be no need to have an iPhone nearby, as was the case with earlier models

More than two years after releasing the Apple Watch, Apple has finally been able to replicate 1940s comic strip technology, an advance that analysts say will spur sales. The Series 3 of the Apple Watch, released on Tuesday along with the much-anticipated iPhone X, features wireless LTE connectivity. That means customers will be able to make phone calls or send text messages from the watch without needing to have an iPhone nearby, as they do with earlier models. The ability to make calls with a wristwatch has captured the imagination of tech enthusiasts at least since it was prominently featured in "Dick Tracy," the comic about a private detective who, starting in 1946, used calls from his wrist to help bust bad guys. Now you can go for a run with just your watch and still be connected. It's really nice to know you can be reached if needed,' Apple COO Jeff Williams said at the launch × "This has been our vision from the beginning," Chief Operating Officer Jeff Williams said at the launch event. "Now you can go for a run with just your watch and still be connected. It's really nice to know you can be reached if needed." To be sure, Samsung Electronics has sold smart watches with mobile data connectivity since 2014, but the first devices were bulky and suffered from poor battery life because the data connection consumed extra power. They also require a separate phone number. Apple claims its new Series 3, on the other hand, will have up to 18 hours of battery life and is just a fraction of a millimeter thicker that its previous Series 2. And it will have the same phone number as a customer's iPhone, which will still be required for the initial set up of the watch. Apple said that all four major US carriers will offer service for the watch, and AT&T and T-Mobile US both said it would cost an extra $10 a month. Analysts generally believe the new connectivity could ignite sales, though there is little consensus as to how much. At $399, the new Watch is only slightly more expensive than the previous model, the $329 Series 2, which introduced standalone GPS capability. That $70 extra buys much more useful capabilities - including the ability to stream music from Apple Music. "The third time is the charm for the watch," said Bob O'Donnell of Techanalysis Research. What may hold some consumers back is the monthly recurring charge, which would far exceed the extra cost of the Series 3 over older watches over time, said Brian Blau, an Apple analyst with Gartner. "Yes, you do have to pay for that extra data plan, but it sounds like the carriers are at least going to make it relatively easy to do," Blau said. Apple does not say how many Apple Watches it sells. Bernstein analyst Toni Sacconaghi believes Apple will sell 12 million watches in its fiscal 2017 and 14 million to 15 million in fiscal 2018. Gene Munster with Loup Ventures predicted a much bigger bump, to 26 million units in 2018. Either way, Apple is putting new pressure on smartwatch rivals such as Fitbit and Garmin, which would be hard-pressed from a technical and business standpoint to match Apple's wireless features. But the new Apple Watch still requires an iPhone, which Fitbit believes leaves it ample market room to sell wearable devices that work with all phones, not just iPhones. "With Android comprising approximately 80 per cent of the global smartphone market, broad compatibility remains a core differentiator for Fitbit," the company said in a statement to Reuters. Garmin did not immediately respond to a request for comment outside normal business hours. The Watch will remain a blip in Apple's sales, which were $215 billion last year. But it may be taking its place as part of a family of products that Apple loyalists cannot do without - all by making a schoolboy fantasy from the 1940s into reality for the masses.

Now make calls and send text messages from new Apple watch

Fuel prices up by 1.53-1.80% in major Indian cities. India follows system of daily revision of fuel prices. Sharp rise in global rates reason behind high fuel prices.

Petrol, diesel at 3-year high in India

Apple Inc on Tuesday rolled out its much-anticipated iPhone X, a glass and stainless steel device with an edge-to-edge display that Chief Executive Tim Cook called &quot;the biggest leap forward since the original iPhone.&quot;

The launch contained few surprises, with leaked details on the phone and other products including an updated Apple Watch proving largely accurate. But the iPhone X&#39;s $999 price still raised eyebrows, and its Nov. 3 ship date prompted questions about possible supply constraints ahead of the holiday season.

Investors and fans have viewed the 10th-anniversary iPhone launch as an opportunity for Apple to refresh a smartphone lineup that had lagged the competition in new features. Last year the company&#39;s revenue declined when many consumers rejected the iPhone 7 as being too similar to the iPhone 6.

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The new Apple Watch for the first time will be able to make calls and access the internet without the customer carrying an iPhone -- a major upgrade that one analyst predicted would more than double watch sales.

The iPhone X has wireless charging, an infrared camera and hardware for facial recognition, which replaces the fingerprint sensor for unlocking the phone. The home button is also gone, and users instead tap the device to wake it up.

Apple normally ships new products within a week or two of announcing them, though the company said the later date was consistent with earlier guidance to investors.

&quot;It&#39;s great to have a product but we&#39;d have liked it sooner rather than later, more like the beginning of October or mid- October,&quot; said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.

Apple shares closed down 0.4 percent. They had traded as much as 1 percent higher during the launch event before reversing course. The shares are up almost 40 percent on the year.

Tim Ghriskey, chief investment officer of Solaris Asset Management in New York, said he was not worried about the ship date and liked the new phones features, but also flagged a lack of surprises.

&quot;It&#39;s sell on the news,&quot; he said. &quot;They didn&#39;t talk about the evolution of Apple beyond the iPhone and into artificial intelligence.&quot;

The screen on the iPhone X is about the size of the current iPhone 7 plus, though the phone is smaller. It features richer colours thanks to a new screen technology called OLED that other vendors are also rolling out.

But in an embarrassing moment for Apple Senior Vice President Craig Federighi, the face ID unlocking did not work on his first attempt during the on-stage presentation.

Phones at many prices

Apple executives also stressed the phone&#39;s capabilities in augmented reality, in which digital images are overlaid on the real world. But their remarks suggested that the phone does not have the full panoply of 3D-sensor chips that some had expected.

Wireless carriers in the United States, whose fierce battle for customers could tempt them into renewing the practice of subsidizing phones, immediately began to offer discounts. T-Mobile US Inc said customers on a payment plan can trade in their iPhone 6 or newer and receive up to $300 off over 24 months.

Sprint Corp CEO Marcelo Claure promised in a tweet: &quot;Find a better monthly price &amp; we&#39;ll credit the difference via prepaid card.&quot;

AT&amp;T Inc and Verizon Communications Inc, the dominant mobile carriers in the United States, have not yet disclosed their pricing plans.

Apple also introduced the iPhone 8 and iPhone 8 Plus, which resemble the iPhone 7 line but have a glass back for wireless charging. The company said it was working on a new device, called the Airpad, that would charge all newer Apple products.

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From left to right: The iPhone 8 Plus, the iPhone X, and the iPhone 8 are displayed at an Apple launch event in Cupertino, California. (Reuters)
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The wireless charging uses a standard called Qi, also used by Samsung Electronics Co Ltd, which will likely solidify that technology as the industry standard.

The new phones all feature Apple&#39;s first proprietary graphics processor, which provides greater speed, improved cameras and some features for augmented reality apps.

The company had previously used graphics chips from Imagination Technologies Group Plc, which put itself up for sale earlier this year after Apple said it would make its own technology.

Apple is moving to design more of the internal components of the iPhone, squeezing some suppliers but giving Apple control.

The cheapest of the iPhone 8 models have 64 gigabytes of memory, up from 32 gigabytes in previous models, and will sell for $699 and $799. Apple also noted that for budget-conscious shoppers, there is now a $349 iPhone SE, similar to the iPhone 5.

The bump-up in memory for the new phones should help suppliers of memory chips, and Apple is now angling to own a piece of the memory-chip business being sold by Toshiba Corp.&nbsp;

The new Series 3 watch will cost $399 and support a range of third-party apps.

Apple has never released numbers on watch sales, but analyst Gene Munster with Loup Ventures forecast the company would sell 26 million in 2018.

Also featured at the launch event was an upgraded Apple TV that will support the high-resolution display known as 4K and will feature more programming options as Apple steps up efforts to cut content deals and produce its own shows.

Flashy new campus

Cook opened the event at the Steve Jobs Auditorium on Apple&#39;s new campus with a tribute to company co-founder and former CEO Jobs, who died in 2011.

The Apple building itself was considered to be Jobs&#39; final product, and Cook spent a few minutes boasting about the design, energy-saving features and public spaces at the new campus, including a flagship Apple Store.

The theatre, never before open to the public, features an expansive glass-enclosed lobby, with two massive white stone staircases leading down to the auditorium. Inside, the decor is similar to that of Apple&#39;s stores, with hard maple flooring and tan leather seats.

Apple Inc on Tuesday rolled out its much-anticipated iPhone X, a glass and stainless steel device with an edge-to-edge display that Chief Executive Tim Cook called "the biggest leap forward since the original iPhone." The launch contained few surprises, with leaked details on the phone and other products including an updated Apple Watch proving largely accurate. But the iPhone X's $999 price still raised eyebrows, and its Nov. 3 ship date prompted questions about possible supply constraints ahead of the holiday season. Investors and fans have viewed the 10th-anniversary iPhone launch as an opportunity for Apple to refresh a smartphone lineup that had lagged the competition in new features. Last year the company's revenue declined when many consumers rejected the iPhone 7 as being too similar to the iPhone 6. In an embarrassing moment for Apple senior vice president Craig Federighi, the face ID unlocking (of the iPhone X) did not work on his first attempt during the on-stage presentation × The new Apple Watch for the first time will be able to make calls and access the internet without the customer carrying an iPhone -- a major upgrade that one analyst predicted would more than double watch sales. The iPhone X has wireless charging, an infrared camera and hardware for facial recognition, which replaces the fingerprint sensor for unlocking the phone. The home button is also gone, and users instead tap the device to wake it up. Apple normally ships new products within a week or two of announcing them, though the company said the later date was consistent with earlier guidance to investors. "It's great to have a product but we'd have liked it sooner rather than later, more like the beginning of October or mid- October," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh. Apple shares closed down 0.4 percent. They had traded as much as 1 percent higher during the launch event before reversing course. The shares are up almost 40 percent on the year. Tim Ghriskey, chief investment officer of Solaris Asset Management in New York, said he was not worried about the ship date and liked the new phones features, but also flagged a lack of surprises. "It's sell on the news," he said. "They didn't talk about the evolution of Apple beyond the iPhone and into artificial intelligence." The screen on the iPhone X is about the size of the current iPhone 7 plus, though the phone is smaller. It features richer colours thanks to a new screen technology called OLED that other vendors are also rolling out. But in an embarrassing moment for Apple Senior Vice President Craig Federighi, the face ID unlocking did not work on his first attempt during the on-stage presentation. Phones at many prices Apple executives also stressed the phone's capabilities in augmented reality, in which digital images are overlaid on the real world. But their remarks suggested that the phone does not have the full panoply of 3D-sensor chips that some had expected. Wireless carriers in the United States, whose fierce battle for customers could tempt them into renewing the practice of subsidizing phones, immediately began to offer discounts. T-Mobile US Inc said customers on a payment plan can trade in their iPhone 6 or newer and receive up to $300 off over 24 months. Sprint Corp CEO Marcelo Claure promised in a tweet: "Find a better monthly price & we'll credit the difference via prepaid card." AT&T Inc and Verizon Communications Inc, the dominant mobile carriers in the United States, have not yet disclosed their pricing plans. Apple also introduced the iPhone 8 and iPhone 8 Plus, which resemble the iPhone 7 line but have a glass back for wireless charging. The company said it was working on a new device, called the Airpad, that would charge all newer Apple products. From left to right: The iPhone 8 Plus, the iPhone X, and the iPhone 8 are displayed at an Apple launch event in Cupertino, California. (Reuters) × The wireless charging uses a standard called Qi, also used by Samsung Electronics Co Ltd, which will likely solidify that technology as the industry standard. The new phones all feature Apple's first proprietary graphics processor, which provides greater speed, improved cameras and some features for augmented reality apps. The company had previously used graphics chips from Imagination Technologies Group Plc, which put itself up for sale earlier this year after Apple said it would make its own technology. Apple is moving to design more of the internal components of the iPhone, squeezing some suppliers but giving Apple control. The cheapest of the iPhone 8 models have 64 gigabytes of memory, up from 32 gigabytes in previous models, and will sell for $699 and $799. Apple also noted that for budget-conscious shoppers, there is now a $349 iPhone SE, similar to the iPhone 5. The bump-up in memory for the new phones should help suppliers of memory chips, and Apple is now angling to own a piece of the memory-chip business being sold by Toshiba Corp. The new Series 3 watch will cost $399 and support a range of third-party apps. Apple has never released numbers on watch sales, but analyst Gene Munster with Loup Ventures forecast the company would sell 26 million in 2018. Also featured at the launch event was an upgraded Apple TV that will support the high-resolution display known as 4K and will feature more programming options as Apple steps up efforts to cut content deals and produce its own shows. Flashy new campus Cook opened the event at the Steve Jobs Auditorium on Apple's new campus with a tribute to company co-founder and former CEO Jobs, who died in 2011. The Apple building itself was considered to be Jobs' final product, and Cook spent a few minutes boasting about the design, energy-saving features and public spaces at the new campus, including a flagship Apple Store. The theatre, never before open to the public, features an expansive glass-enclosed lobby, with two massive white stone staircases leading down to the auditorium. Inside, the decor is similar to that of Apple's stores, with hard maple flooring and tan leather seats.

Apple launches iPhone X, iPhone 8, and 8 Plus

Nissan Indian launched a new version of its successful <a href="http://www.wionews.com/business-economy/nissan-leaf-upgraded-version-of-its-best-selling-car-19930">Nissan</a> Micra.

The new model called Nissan Micra Fashion Edition is priced&nbsp;at Rs 6.09 lakh (ex- showroom).

<a href="http://www.wionews.com/photos/top-cars-toyota-skoda-ford-race-to-capture-india-422" target="_blank">Also Read: Top cars: Toyota, Skoda, Ford race to capture India</a>

The limited edition model is designed&nbsp;with a slight cosmetic change retaining the mechanical features.&nbsp;

It gets its exterior and interior makeover from United Colours of Benetton.&nbsp;

Nissan Micra Fashion Edition has been launched under the tag name &quot;Runs on Fashion&quot;.

The model will continue to be powered by 1.2 litre petrol and 1.5 litre diesel engine options.

The car features a new body decals on the side and over the roof with black door mirrors with designer stripes.

Whereas the interior seat is crowned with&nbsp;Benetton-signature headrest cover.

It also features a 6.2-inch touchscreen with audio visual navigation which is&nbsp;connected through phone mirroring and NissanConnect.&nbsp;

Nissan will be offering exclusive Benetton accessories to its first 500 customers.The Nissan Connect platform will also give a three-year free service package. Owners will also have an option of extending the warranty package to 5 years.

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The limited edition model is designed?with a slight cosmetic change retaining the mechanical features

Nissan Indian launched a new version of its successful Nissan Micra. The new model called Nissan Micra Fashion Edition is priced at Rs 6.09 lakh (ex- showroom). Also Read: Top cars: Toyota, Skoda, Ford race to capture India The limited edition model is designed with a slight cosmetic change retaining the mechanical features. It gets its exterior and interior makeover from United Colours of Benetton. Nissan Micra Fashion Edition has been launched under the tag name "Runs on Fashion". The model will continue to be powered by 1.2 litre petrol and 1.5 litre diesel engine options. The car features a new body decals on the side and over the roof with black door mirrors with designer stripes. Whereas the interior seat is crowned with Benetton-signature headrest cover. It also features a 6.2-inch touchscreen with audio visual navigation which is connected through phone mirroring and NissanConnect. Nissan will be offering exclusive Benetton accessories to its first 500 customers.The Nissan Connect platform will also give a three-year free service package. Owners will also have an option of extending the warranty package to 5 years.

Nissan Micra Fashion Edition launched @ Rs 6.09 lakh