Micromax Canvas Nitro review: The comeback phone?

Micromax Canvas Nitro (A310) is the company's attempt to retain its grip on a segment that it once ruled. The first phones of the Canvas series ignited the idea of offering phones that boast of good hardware specifications at a budget price. 

The entry of new players like Xiaomi, ZTE, Motorola, Xolo and Asus has widened the segment even further. It certainly means there's more choice for the consumer and competition for device makers. With the Canvas Nitro, Micromax claims it is democratizing technology, bringing high-end features to budget phone users. We try to find out if the Canvas Nitro is a better buy compared to other budget phones, in our review. 

Build & design 

Micromax Canvas Nitro looks better than the company's previous budget offerings, with its all black, plastic front panel and rounded corners. 

The front panel is dominated by a 5-inch 720p display. 

The three capacitive touch buttons for navigation are placed below the display while the 5MP front camera is placed above it. Interestingly, the phone looks very similar to the recently launched ZTE V5, looking at just the front panel. 

 

The right edge of the phone has a power key while the left edge features the volume rocker. The keys are made of white coloured plastic and offer good tactile feedback. The 3.5mm headset jack sits at the top while the micro-USB port is placed at the bottom. 

The phone doesn't feature any tacky chrome grills or frame and the back cover sports a soft leather finish. The back features the 13MP camera and an LED flash, along with the Micromax logo. The speaker outlet is also located at the back. 

Removing the back cover is easy thanks to a small opening at the right edge. The cover hides a 2500mAh removable battery, two micro-sim card slots and a slot for the microSD card. 

 

We found the fit and finish to be really good and there were no squeaks or wobbles. However, we're not really fans of the faux-leather back. 

Display 

The phone has a 5-inch HD display (720x1280p) and is good to look at. Graphics and text appear sharp and viewing angles were pretty good. Sunlight legibility was also satisfactory. Touch sensitivity was also very good with the phone being able to register the slightest of touch strokes. 

Software
The Canvas Nitro runs Android 4.4 KitKat, the latest iteration of the OS and Micromax has included a number of new software features including 'Quick Look' - an HTC BlinkFeed-like home screen feed that displays news, weather and social updates, a camera widget for quick access to different camera modes and enhanced lock screen notifications. 

The Quick Look feed lets you select topics of your interest and populates content from select websites on that basis. You can't select individual publications unlike HTC's BlinkFeed. The reader view is also not as attractive as that of BlinkFeed and has a strange blue tint. It does let you share stories though. 

Quick Look also allows you to access your Twitter and Facebook feeds and displays the time and weather.

 

The smartphone also offers 'Smart Alerts' that offer a colour coded band for different notifications (including for SMS, calls, Facebook, Gmail, Whatsapp and Hangouts) on the lock screen. We found the feature to be useful. The software also supports on screen finger gestures that can be enabled by long pressing on the home screen and tapping on the Gestures button. you can program different gestures to initiate different actions. For instance, a two finger flick can open the messaging app. The gestures feature worked as promised. 

The phone software also features some preloaded apps including BookMyShow, Clean Master Getit and Where's My Water. Unfortunately, these can not be uninstalled from the phone. 

Camera
Micromax Canvas Nitro sports a 13MP rear camera with LED flash and a 5MP front-facing camera. 

The big sensor size doesn't really translate into great camera performance. The phone takes decent images in day light but the default white balance was a bit off resulting in some pictures appearing as if a sepia filter has been applied.

 

Colour reproduction was accurate though the level of detail was certainly not very high. 

Pictures taken in low light and dark conditions did not turn out well. These pictures were noisy and lacked detail.

 

The 5MP front camera is good for video chats and casual selfies. 

Performance
Micromax Canvas Nitro is powered by a 1.7GHz Mediatek MT6592 octa-core processor, along with 2GB RAM. Thanks to all the power under the hood, the phone performs smoothly in day to day operation. 

We did not notice any lag whatsoever while navigating through the phone's menu, launching apps, browsing websites, scrolling inside apps like Twitter and Facebook, and switching between apps. 

In synthetic benchmarks, the phone scored 29,882 in Antutu, 13,266 in Quadrant, 1938 in Geekbench 3(Multi-core) and 60.6 in Nenamark 2 benchmark tests. Some of these benchmark scores are slightly less than the Xiaomi Mi 3's but are considerably higher than the new Moto G's scores. 

But we'd not recommend a phone based solely on benchmarks as real world performance is different, at times. 

The phone comes with 8GB storage out of which 5.68GB is available to the user, and also sports a microSD card slot to store more content. 

The Canvas Nitro has a 2,500mAh battery and lasted us a full-day with mixed to heavy use including about one to two hours of making calls, playing games, clicking some pictures, listening to music and browsing the web. 

The phone offers decent call quality and signal reception. It was able to lock to GPS without any hiccups. 

It supports most popular video formats and plays full-HD videos without hiccups. 

The external speaker on the phone offers loud sound output but there's some distortion at high volume levels. However, the sound gets muffled when the phone lies on its back, which is a problem with all such designs that place speakers at the back. 

Gaming 

We were able to play games like Temple Run 2, Subway Surfers, and Asphalt 8 without encountering frame drops or freezes. 

Verdict
At Rs 12,990, Micromax Canvas Nitro is without doubt a good budget offering. However, the phone's camera is underwhelming. We found the new Moto G's camera to be better than that of the Nitro. 

To us, the faux leather back also doesn't feel as good as the Moto G's soft, matte finish back. 

While we do like Micromax's new software tweaks (which are essentially inspired from the likes of HTC), we're not too sure if the phone will receive timely software updates. The new Moto G, on the other hand comes with a no-frills, close to stock Android software and the promise of timely updates (including the forthcoming Android L). 

If you're looking for a budget phone that covers all bases, we'd recommend the new Moto G over Canvas Nitro. Having said that the Nitro offers slightly better performance.

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Sony Xperia Z3 review: As good as it gets

It was only a year and a half ago that Sony launched its Xperia Z range of flagship smartphones and we have already seen the launch of four models in this series. No other company launches a top-end smartphone in the same series every six months, but there seems to be a method to the madness. With each upgrade, Sony has tinkered with the hardware and software little by little, making changes that improve the user experience in one way or other.

So, has Sony finally achieved perfection with Xperia Z3, the latest and greatest in its Xperia Z series? We find out in our Sony Xperia Z3 review...

Design

Xperia Z3 is the most refined version of Sony's smartphones yet. It sticks to the Omnibalance design theme, but the small design tweaks Sony has added to Xperia Z3 compared to Xperia Z2 add up to make a lot of difference.

Like Xperia Z2, the front and back panels of Xperia Z3 are made of glass, while the rim on the sides remains metallic. The corners are more rounded this time and the glass back has rather silken feel to it, which makes it feel as premium as any all-metal smartphone in the market. The volume rocker and camera keys are flat instead of curved as they were in Xperia Z2.

A major change in the design is that it is more compact than Xperia Z2. Sony has shaved off 0.8mm in the length, 1.3mm in width and 0.9mm in thickness of Xperia Z3 compared to that of its predecessor. This may seem like a small difference in the dimensions of the two smartphones, but the real difference becomes apparent only when you hold Xperia Z3. It feels much smaller in size than Xperia Z2 and is easier to hold as well as slip in and out of the pocket.



Being a water- and dust-resistant smartphone, Xperia Z3 has metallic flaps that cover the microUSB as well as sim+microSD card slots. These flaps are fixed into place with just a light press, but don't let in any water as we saw in our review period. You can take a dip in the water while keeping Xperia Z3 in the pocket and will not have to worry about water damage at all.

Like other top Sony smartphones, Xperia Z3 has points of contact for docking station on the left edge.

Display



At 5.2-inch Sony Xperia Z3's display size is same as that of its predecessor's. The two smartphones have the same Full HD resolution and, therefore, pixel density. However, there are a couple of subtle differences that we noticed.

Firstly, the Xperia Z3 display is much brighter, not only compared to that of its predecessor but also to that of all other smartphones we have reviewed recently. Sony says that this smartphone can push the brightness to 600 candela, the highest among smartphones and we are inclined to believe this claim.

Secondly, the colours are more vivid by default, but you can alter the colour temperature and tone in settings. However, shades of blue were not accurate in some of the videos we watched on the display.

In terms of display quality, we observed excellent viewing angles; you will not see the display lose colours even when seen from acute angles. Sunlight legibility is also great, as the colours and clarity under direct sunlight were great even when the brightness was at 50%.

Hardware

When hardware specifications are compared, Sony Xperia Z3 seems like only a minor upgrade over its predecessor. It has the same quad-core Snapdragon 801 processor as its predecessor, but the four cores run at 2.5GHz this time instead of 2.3GHz. This is of course not the latest smartphone processor in the market, as that title belongs to Snapdragon 805 (which is present in the global version of Samsung Galaxy Note 4, but not the Indian model).

The graphics processor remains Adreno 330 in Xperia Z2 and Z3, and RAM remains constant at 3GB. The connectivity options are also the same between the two smartphones. The rear camera maintains the 20.7MP resolution, but it has a wide angle lens this time. Battery capacity has been reduced from 3,200mAh in Xperia Z2 to 3,100mAh in Z3.

Software

There are not too many software additions in Xperia Z3 compared to Z2 or even Z1. The smartphone runs on Android 4.4 with Sony's custom UI on top. The menu button looks like the one used in Nexus launcher, but there is no other hint of Google's software skin apart from this. The only useful apps, according to us, in the smartphone are Walkman, Album and the small apps (floating apps that can be moved around the screen with a flick of the finger).

You also get access to Sony's content ecosystem with this smartphone. Sony has preloaded its LIV, Music and Sports apps on the smartphone, along with PlayStation Network app.

Though it has Play Store access, Xperia Z3 also has a separate Games Store and What's New apps, which show curated content (such as apps, music, games) that users can buy. Though recommendations by these apps are okay, they take you to Play Store eventually in order to download the app.

Performance

What you may have observed till now is that the software as well as hardware of Xperia Z3 is quite similar to that of its predecessor and it will be only natural to think that it will offer the same level of performance with only a little difference. However, the difference in the performance levels of the two smartphones in actual, everyday usage is vast.

Whereas Xperia Z3 is a fine performer that feels a little behind HTC One (M8) and Samsung Galaxy S5 when put under the same battery of tests, Xperia Z3 comes out as the clear winner, that too by a significant margin. The user experience is easily among the smoothest we have used in a long time and it feels much more fluid than Xperia Z2's.

Xperia Z3 came out with flying colours irrespective of what task we threw at it. Switching between apps quickly was a butter-smooth experience and the phone did not show any lag whatsoever. This smartphone certainly belongs to the big league.

Our experience with gaming on Xperia Z3 was also similar, as it did not falter while playing resource-hogging, graphics-intensive games like 'Injustice: Gods Among Us' and 'Real Racing 3'. There were no dropped frame rates or jarring when punched in several actions in the game at all. The Full HD display renders graphics very nicely, so you can notice the small details in such games with ease.



As Xperia Z3 has a 5.2-inch screen, it is only natural to use it as a multimedia device. The Full HD screen is great for watching videos, and can easily handle all video formats. But the real pleasure of playing content on Xperia Z3 is not with the video but the audio. The audio quality is great, and next only to HTC One (M8)'s in the smartphone industry. The rich sound is high on output and does not betray even a hint of the tinny sound that smartphones are prone to delivering at high volumes. The front speakers are not as prominent as HTC One (M8)'s BoomSound speakers, but deliver a pretty great experience.

Battery life of Xperia Z3 is also pretty good, matching the day and a half life that its predecessor delivered. With moderate usage, you can even squeeze out two days of battery life. During our testing period, we played music for approximately three hours, made calls for around an hour, played games for half an hour and watched YouTube videos for approximately an hour.

Xperia Z2's Ultra Stamina power saving mode is present in this smartphone too. It keeps only the basic phone functions, namely dialler, messaging, FM radio, alarm, calculator and calendar, active and disables the remaining functions. When our review unit's battery was at 82%, it showed expected battery life of over 17 days in this mode. Other smartphones like HTC One (M8), Samsung Galaxy S5 and Note 4 also have such battery saving modes.

One problem we faced with Xperia Z3 is that it keeps slipping out of the hands. The material that gives a silken touch to the glass body also makes it vulnerable to accidental drops. This needs to be fixed as we almost dropped the smartphone more than a few times during the review period.

Camera



Sony Xperia Z3 has a 20.7MP rear camera with LED flash; this camera has a wide-angle lens that helps capture more area than most other smartphones. This smartphone has the same camera app that Sony uses in other smartphones. The camera app has modes like Superior Auto, Manual, Sound Photo, Multi Camera, Timeshift Burst etc.



Photos we took in Manual mode show accurate colours, excellent level of detail, no shadows in relatively dark areas and pretty good white balance in daylight as well as indoors. Shots taken at night also offered decent amount of details due to a sensor that can support up to ISO 12800 when most other smartphones are in the 800-900 ISO range. By default, photos are taken in 8MP resolution, so you need to set the resolution to 15.5MP (16:9 aspect ratio) or 20.7MP (4:3 resolution).

In Superior Auto mode, you get photos that have a glazed look to them due to the overprocessing that the sensor does to the object. Therefore, whatever little noise you will observe in Manual shots will not be noticeable in Superior Auto photos.

All in all, the Xperia Z3 camera finds itself a place among the best smartphone cameras in the market today, and way ahead of what Xperia Z2's camera offered.

Verdict

Sony Xperia Z3 is a pretty good smartphone, one that can easily give tough competition to smartphones like Samsung Galaxy Note 4 and Alpha, HTC One (M8) and iPhone 6. Its slippery body is a concern, and the lack of any fancy features (such as fingerprint sensor, heart rate monitor or dual rear cameras) keeps it out of consideration of people who want a smartphone with something different.

Nevertheless, Xperia Z3 is a great smartphone that can go head-to-head with the best smartphones in the market and hold its own. It is Sony's most well-rounded smartphone yet and shows that the tinkering with the smartphone every six months has paid off for the company.

At Rs 51,990, it is a pretty expensive buy, and though we like the smartphone, recommending it at the price is something we would rather avoid. But if price is not a consideration, then Xperia Z3 should be definitely in your list of probables.

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What is Bash Bug and should you be worried?

Security experts are warning that a new programming flaw known as the "Bash Bug" may pose a serious threat to millions of computers and other devices such as home internet routers. 

NEW YORK: Internet security experts are warning that a new programming flaw known as the "Bash Bug" may pose a serious threat to millions of computers and other devices such as home internet routers. Even the systems used to run factory floors and power plants could be affected. 

So, is it time to panic? Here are some common questions and answers about the latest security scare. 

What is the Bash Bug, and why is it a big deal?
The bug, also known as "Shellshock," is in a commonly used piece of system software called Bash. Bash has been around since 1989 and is used on a variety of Unix-based systems, including Linux and Mac OS X. 

Devices that use Unix in some form include many servers, routers, Android phones, Mac computers, medical devices and even the computers that create bitcoins. Systems running power plants and municipal water systems could also be affected by the bug, though security experts already recommend that these systems remain disconnected from the internet to avoid opening them to such risks. 

Bash is a command shell — "the thing you use to tell your computer what you want it to do," explains Christopher Budd, global threat communications manager at security firm Trend Micro. Thus, exploiting a security hole in Bash means telling your computer, or other systems, what to do. 

Why are people saying it's worse than "Heartbleed," the flaw that exploited security technology used by hundreds of thousands of websites?
While Heartbleed exposed passwords and other sensitive data to hackers, Bash Bug lets outsiders take control of the affected device to install programs or run commands. 

On the other hand, Bash Bug might be harder to exploit. Heartbleed affected any system running OpenSSL, a common web encryption technology. With Bash Bug, your system actually has to be using Bash, Budd said. There are multiple types of command shells, so even if Bash is installed, the system could actually be using a different one. 

It's been a quarter century since Bash came out, so why is the bug a threat now? 

That's because someone — Stephane Chazelas of Akamai Technologies Inc to be specific — just found it. 

Heartbleed was around for more than two years before it was discovered. 

Should you be worried?
For now, the Bash Bug appears to be more of a potential nuisance than a major threat. 

It's a more vexing problem for Mac owners. The Bash Bug makes it easy for hackers to take control of a Mac running on a public Wi-Fi network, such as one in a coffee shop or airport, said Chris Wysopal, chief technology officer of computer security firm Veracode. 

At home, a hacker who takes control of an internet router could consume so much bandwidth for online mischief that the owner gets hit with a huge bill from service providers that impose monthly data caps, said Dave Lewis, Akamai Technologies' global security advocate. 

Another possible security problem: A hacker who seizes control of a vulnerable web server might collect online passwords stored in databases, said Joe Siegrist, CEO of LastPass, a service that stores and protects passwords. The threat doesn't appear to be as high as with Heartbleed, however. 

The Bash Bug could cause massive damage if it's used to create an internet "worm" — lines of malicious computer coding that wiggle from one vulnerable server to the next. A worm that reaches pandemic proportions could bog down the internet and even render some services inaccessible. At this point, a worm feeding on the Bash Bug looms as a theoretical threat.





What can you do about it?
Everyday users can't do much right now, except to wait for manufacturers to release fixes for their products. Budd recommends applying the patches for routers, Macs and other devices as they come out.




Even if a fix is developed, getting it could be another matter. Budd expects that to be an issue with Android phones, because their manufacturers and carriers are often slow to push out the system updates that Google provides. 

Of course, it always helps to run up-to-date security software on your devices. 

Should these recurring security breakdowns cause people to reassess society's ever-increasing dependence on the internet?
Probably, given that the revelations about Bash Bug and Heartbleed surfaced within six months of each other. What's especially troubling about Bash Bug is that it's been hiding in plain sight for the past two decades, even as millions of more machines came online to widen the threat. 

Furthermore, these risks are likely to escalate as people store more documents, photos, videos and even medical records over the internet. At the same time, technology is expected to make it possible to plug just about everything imaginable into the internet, be it coffee machines or automobiles. 

We'll just have to live with technological risks. As Lewis noted, "We are already too far down the road to take a step back.
"

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Microsoft offers first look at new Windows

Microsoft will unveil a new name for its best-known product on September 30 when it offers the first official glimpse of its latest Windows operating system.

SEATTLE: Microsoft will unveil a new name for its best-known product on September 30 when it offers the first official glimpse of its latest Windows operating system.

The project — known for the past few years as "Threshold" inside the software company and "Windows 9" outside it — will likely get an entirely new brand, or just be called Windows, analysts said, ahead of its full release early next year.

The name change is symbolic of a new direction and style for Microsoft, which is veering away from an aggressive focus on Windows and PCs, the hallmark of previous CEO Steve Ballmer. The new, quieter emphasis is on selling services across all devices and is championed by new boss SatyaNadella.

The switch also represents a desire to erase the ill will generated by Windows 8 — an ambitious attempt to redesign Windows with tablet users in mind — which ended up annoying and confusing the core market of customers who use mice and keyboards.

"Windows 8 was not a shining moment for Microsoft," said Michael Silver, an analyst at tech research firm Gartner. "Probably the biggest issue that lingers is the negative brand equity in the name."

Many users howled in protest over the death of the start-button menu and the introduction of a colorful grid of squares or tiles representing apps in what became known as the modern user interface, even though they could easily switch to a traditional desktop mode.

Judging by recent leaks online, which Microsoft has not tried to discredit, the start-button menu will come back in the next Windows, with an option of tacking on tiles if preferred.

But the problem of users having to toggle between the modern interface and the old-style desktop— for instance to use the full version of Excel spreadsheet software — has yet to be solved.

"The schizophrenic behavior between the modern user interface and the Windows desktop has got to go away," said David Johnson, an analyst at tech research firm Forrester. "They have to smooth that out."

Microsoft declined to comment on the new name, or what it plans to unveil on Tuesday.



The Redmond, Washington-based company has said only that it will have a "discussion" about where Windows is headed at a stylish event space in San Francisco on Tuesday.

The choice of wording and venue are key to a humbler, lower-profile Microsoft under Nadella, who is keen to rebuild respect in the Bay Area and Silicon Valley as it moves away from the PC and to play a bigger part in the mobile computing world fashioned by Apple and Google.

Nadella's slogan is "mobile first, cloud first," and although he will not be at the San Francisco event — he is traveling in Asia — that theme will be at the fore.

"This is a launching pad and catalyst for Nadella's holistic cloud vision over the coming years," said Daniel Ives, an analyst at investment bank FBR Capital Markets. "Windows 9 is a potentially game-changing product release for Microsoft."

Nadella is resigned to the fact that sales of PCs have leveled off, and with it sales of Windows. With the explosion of smartphones and tablets, Windows now powers only 14% of computing devices sold last year, according to Gartner.

His response is to focus on selling high-quality services — such as the Office suite of applications or storing documents in the cloud — to people on whatever device or system they are using.



"Microsoft is changing from a company that was Windows-centric to one that is services-centric," said Silver at Gartner. "It has to be that way. Windows revenue is likely going to decline, and Microsoft's task is to replace that Windows revenue with revenue from services on all sorts of platforms."

The challenge is to come up with killer apps and services users can't live without.

"Microsoft built their business on being very good at delivering what people needed in the moment, for example Excel in the 1990s," said Johnson at Forrester. "That's what Microsoft has to get back to, innovating and creating things that people find indispensable.
"

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Microsoft keen to team up with India: Satya Nadella

Nadella said businesses were looking forward to an accelerated growth phase in India and technology could play a pivotal role in spurring that growth.

BANGALORE: On the day Prime Minister Narendra Modi made a pitch for "i-ways for a Digital India" and asked industry captains to seize the initiative, the Hyderabad-born chief executive of Microsoft has offered a partnership to help accelerate the country's growth.

"Every time I visit, I'm energized to see the advancements India is making and truly believe technology is a key enabler for India to thrive and create more opportunities for every individual and business in its economy," said Satya Nadella, who was appointed as successor to Steve Ballmer in February.

"We are keen to partner with the government and industry at large to help make this vision a reality," he told ET in an exclusive interview.



Earlier this week, Microsoft's main rival Google announced that it is joining hands with the government to promote several of the aims of the Digital India effort. Modi, who has been elected on the plank of development, has made the government's 'Digital India' initiative for a connected economy one of the important elements of his plan to modernize India.

Nadella, only the third CEO that Microsoft has had in its nearly four-decades-long history, said businesses were looking forward to an accelerated growth phase in India and technology could play a pivotal role in spurring that growth. "Growth will need computing infrastructure on a massive scale," he said.



Nadella, who studied engineering at Manipal University and was part of the early wave of engineers who moved to the US, said his journey from "home here in India to Microsoft" where he has spent 22 years was "incredible and humbling."

He urged the present lot of engineers in India seeking technology careers to be bold and tenacious. "My advice to those who are pursuing careers in technology is to really think about the work you're driving and why it matters. Believe that you can make it happen and go after it with boldness and tenacity. And remember that success doesn't happen overnight, be persistent and ask yourself what you can do to push to the next level each day," said Nadella, who is a cricket buff and loves running.



As for Microsoft and its future, he said the Seattle-based company is excited about its Skype Translator for multilingual conversations, personal smartphone assistant Cortana and machine learning for cloud computing.

"We will reinvent productivity to empower every person and every organization on the planet to do more and achieve more. That is our moonshot," said Nadella, who in the seven odd months that he has been in charge, is attempting to re-engineer the long-time tech behemoth for success in a mobile-dominated world.

Since taking charge, Nadella has cut thousands of jobs and spent $2.5 billion to buy the maker of Minecraft computer games
.

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15 top tech stories of the week

Here's a quick look at what made news in the world of technology in the week just gone by...

Here's a quick look at what made news in the world of technology in the week just gone by... 

iPhone 6, 6 Plus launch weekend sales hit 10 million, break record - Apple hasannounced it has sold over 10 million new iPhone 6 and iPhone 6 Plus models, just three days after the launch on September 19. 

At $25 billion, Alibaba's IPO is world's biggest - Alibaba's IPO now ranks as the world's biggest at $25 billion, netting underwriters of the sale a more than $300 million windfall after the e-commerce giant and some shareholders parted with additional shares. 

Infosys vice-presidents get salary hikes of Rs 4-5 crore - Infosys has raised the salaries of its top executives so sharply that some of them are now in the $1-million (Rs 6-crore) compensation club n making them almost unpoachable by even international rivals n and raising the salary benchmark in the Indian IT industry. 

 



iPhone 6 Plus 'bendgate' - When Apple initially unveiled its biggest iPhone to date o the 5.5-inch iPhone 5 Plus o many worried the device would be too big to stuff in their pockets. Now, as it turns out, those who can fit the phone in their pocket are reportedly complaining that the phone bends after being stored there while sitting. Apple broke its silence on complaints about bending iPhones, hours after withdrawing a glitch-ridden software update as the company struggles to restore momentum to the rollout of its latest phones. 

Yahoo buys out Bangalore startup Bookpad - Yahoo has bought Bangalore-based Bookpad, a startup that's barely a year old and founded by three youngsters who passed out of IIT-Guwahati over the past three years. The precise value of the deal could not be ascertained, but sources said it's a little under $15 million (Rs 90 crore). 

Bash: A bug worse than Heartbleed - A security flaw discovered in one of the most fundamental interfaces powering the internet has been described by researchers as 'bigger than Heartbleed', the computer bug that affected nearly every computer user earlier in the year. 

Next-generation Android One phones coming in December - Enthused by the initial response to Google's Android One, handset makers Karbonn, Spice and Intex are gearing up for round two with a slew of smartphone launches beginning December this year. 




HTC launches India's first 64-bit Android smartphone - HTC has announced Desire 820 and Desire 820q smartphones in the Indian market. The phones will be available early November and pricing will be announced closer to the launch. Do check out our first impressions of Desire 820. 

Jolla smartphone comes to India - Finnish smartphone maker Jolla has launched its Jolla smartphone at Rs 16,499 in India.The company has inked an exclusive partnership with Indian e-commerce company SnapDeal to introduce the smartphone in the country. Do check out our first impressions of the phone. 

Sony launches Xperia Z3, Xperia Z3 Compact in India - Sony has launched its new flagship smartphone Xperia Z3, and its compact variant Xperia Z3 Compact in India. The Xperia Z3 will be available at Rs 51,990 while the Z3 Compact is priced at Rs 44,990. Do read our reviews of the Xperia Z3 and Xperia Z3 Compact. 

Second-generation Moto X goes on sale in India - Motorola's latest smartphone, the second-generation Moto X, is now available in India. Like other Motorola smartphones, the new model is available only via e-commerce website Flipkart in the country. 

Apple users fooled into burning iPhones in microwaves -Trolls at online imageboard 4chan spread a hoax on the internet, saying that the iOS 8 update includes a feature that allows an iPhone's battery to be charged when put in a household microwave. 


Google's Nexus 6 to be a bigger version of Moto X (Gen 2) - Google's next-generation Nexus phone, expected to be the Nexus 6 or Nexus X may turn out to be a big-screen version of Motorola's second-generation Moto X, as per a new report. 

Apple iPhone 5S price dips below Rs 35,000 in India - iPhone 5S, the top Apple smartphone last year, is now available in India for less than Rs 35,000 on e-commerce websites. The unofficial price drop comes soon after Apple announced the big-screen iPhone 6 and iPhone 6 Plus. 

Microsoft keen to team up with India: Satya Nadella - On the day Prime Minister Narendra Modi made a pitch for "i-ways for a Digital India" and asked industry captains to seize the initiative, the Hyderabad-born chief executive of Microsoft has offered a partnership to help accelerate the country's growth
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Global banks look at large scale hiring

Global banks look at large scale hiring

With regulators getting more stringent about banking norms, large global banks are looking at large-scale hiring of mid-to-senior-level professionals in functions such as risk, audit, compliance and legal over the next 12 to 18 months.

Large global banks are targeting to increase their teams by 20% to 30% in legal and compliance and 30% to 40% in audit and control, according to a study by Vito India Advisors, a BFSI executive search firm. According to the survey, there are currently over 240 legal and compliance professionals across 36 global banks in India .

“With global regulatory norms getting more stringent, unique functions like risk-based supervision, privacy compliance, regulatory affairs are triggering the demand for additional compliance professionals,” says Dhvani Anjaria, support hiring specialist at Vito India Advisors.

“It is no longer about just remaining compliant. It is more about doing the right things and that’s what the MNC banks and investment banks are looking at now. This is leading to a demand for professionals in sectors such risk, audit, compliance and legal,” says the HR head of a large global bank, on condition of anonymity.

“There is a need for a culture change within the banking sector and hence global banks are focusing on strengthening their compliance structure in order to sustainably do business,” the HR head said. Some of the banks that have made mid-to-senior-level hires in compliance in the past 12 months include ANZ, Bank of America, Deutsche Bank, while the ones that have made senior-level lateral hires in legal in the past 12 months include BNP, Citi and HSBC, according to the study.

These banks are focusing on building teams in monitoring and surveillance and riskbased supervision roles.

Some of the global players that have made senior hires in legal and compliance in the past one year include Westpac, SMBC and NAB, among others.

Cost to company (CTC) payouts in compliance and legal have been as competitive as front office functions. CTC payouts among global players in compliance have increased at least by 30% to 50% from 2012 to 2014, the study shows. With setting up one branch banks of global entrants they have picked up talent from well established global players at 40% to 50% increment on their present salary.

“In order to support business growth and align to the changing economic and regulatory environment, it is imperative to ensure our finance, legal, compliance, audit and HR functions are staffed optimally,” says Sarab Preet Singh, head of recruitment, learning & talent, Citi India.

Given the changes in the industry, there has been an increased focus on risk, compliance and control-related aspects, leading to a greater degree of specialisation within each function, he said, adding, “There have been several internal movements of our talent from frontline businesses into these core functions.”

In the audit function, the spotlight is turning to India as the new regional hub. Large global banks are targeting to increase their audit teams by 30% to 40%, according to the study. There are currently about 225 plus audit professionals across 36 global banks in India. Some of the key hires in audit were seen in BNP, DB, Barclays, HSBC, Citi, among others, according to Vito.

A lot of global banks have moved to a centralised internal audit model wherein regional audit teams are now housed in India due to cost effectiveness and skilled talent. Earlier this was done out of Singapore and Hong Kong.

Also, there has been increasing demand for IT auditors within banks. This has led to a growth in audit roles as well. “In the next 12 to 15 months, we foresee a healthy demand for professionals having regulatory reporting, treasury finance, technology and internal audit along with compliance roles,” says Anjaria.

“There is a thrust to build audit strength of these banks. And given the fact that significant audit talent is available here and can help in other locations of these global entities, there is a rise in demand for such talent,” said the HR head of a large global bank who did not wish to be named.

He says, increasingly, global banks are reviewing their existing audit framework and looking at processes more proactively. Hence there is considerable demand for people who can look at metrics around controls in order to remain compliant.

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Ten essential skills for future CFOs

Ten essential skills for future CFOs

The future environment that Chief Financial Officers (CFOs) will operate in will be different. It will be a re-balanced global economy from west to east, faster growing emerging markets, the rise of shared services, outsourcing and increasingly global business. There will also be more business risk, wider regulatory challenges, along with more scrutiny and rapid changes in technology

The changing business environment provides huge challenges for future CFOs. Mohammed Sajid Khan, head of International Development, ACCA (Association of Chartered Certified Accountants) shares the top ten ‘must-have’ skills of CFOs of the future, basis the research conducted by ACCA with 750 CFOs around the world.

Business sense: Future CFOs will still need a strong financial understanding. They should also target career experiences that provide them with an understanding of the whole business. It is critical that CFOs are able to ask the right questions –which comes from experience gained across multiple finance roles.

Planning & execution: Strategy formulation and execution was identified as the most important area in which future CFOs have experience. Over the next decade the business landscape will be re-shaped by market volatility, globalisation and transformational innovation. CFOs should seek greater mobility in and out of the finance organisation, building the commercial qualities needed, while building internal relationships.

Analytics: How organisations gather and use data to drive better decision making is the next “big opportunity” for tomorrow’s finance team. The survey suggests that current CFOs rate financial insight and analysis as the second most important area in which future CFOs need to have career experience. Future CFOs should plan and actively seek out analytics roles, so they understand its value and application.

Risk-taking: Risk experience is a must-have on the CV of future CFOs. That’s because future CFOs will operate in a business environment that’s high risk and where there are emerging risks such as online reputational risk or cyber risk.

M&A: Merger and acquisition activity was identified as the fourth most important area of experience for future CFOs. While business growth will be organic, much is likely to be through acquisition and merger and other forms of business tie-ups. This will help in tapping into the already established businesses, to ease market entry and leverage expertise and market knowledge.

Relationship management: The future CFO needs to be customer savvy and take on roles which provide greater customer understanding. The range of stakeholders with whom future CFOs will have to engage will be significant.

Leadership: Strong leadership qualities will be essential, particularly as finance becomes more diverse. Experience in transformation and change management for future finance leaders will also be a priority, as will effective communication skills as they provide information to different stakeholder groups.

Discipline: Future CFOs will face more regulation and will need to be confident about operating in a regulated environment.

Technical know-how: Tomorrow’s CFOs need to be technologically adept and understand the significant role technology can play in driving better finance delivery. They should also target roles which develop and utilise their technology understanding.

Adaptability: The future CFOs will need to manage the different demands between mature and emerging markets and align their finance strategies accordingly. They will need to be adept at working in global business environment, leading finance teams which are diverse and virtual, across mature and emerging markets.

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