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Headline: Hyundai to hike car prices from 1 Feb by up to Rs.20, 000, Jan 16, 2013

       

·          Hyundai Motor India will increase prices of its vehicles by up to Rs.20,000 across all models by 1 February.

·         On account of rise in input cost and fluctuation in currency, Hyundai will increase the prices up to Rs.20,000 by 1 February 2013 across all the models starting from Eon to Santa Fe SUV.

·         The company sells a range of vehicles starting from the entry level hatchback Eon priced at Rs.2.77 lakh—Rs.3.83 lakh to luxury SUV Santa Fe tagged at Rs.22.61 lakh—Rs.25.63 lakh.

·         Rival and market leader Maruti Suzuki India has increased the prices of its different models, except the imported sedan Kizashi and SUV Grand Vitara, by up to Rs.23,000 from Wednesday.

·         Post the increase the M800 will be costlier by up to Rs.2,500 from its existing price of Rs.2.08 lakh—Rs.2.33 lakh.

·         The company’s hot selling model Swift will be dearer by up to Rs.5,000 from the current price ofRs.5.57 lakh—Rs.6.82 lakh.

·         On the other hand, the company’s compact sedan Dzire will see a price hike of up to Rs.10,000 from Rs.4.91 lakh—Rs.7.4 lakh.

·         The company’s multipurpose van Ertiga, currently priced at Rs.5.9 lakh—Rs.8.63 lakh, will become costlier by up to Rs.7,800.

·         The steepest price increase of Rs.23,000 will be on the cargo version of its van Eeco, which was tagged atRs.3.9 lakh.

 

 

 

 

 

Headline: Facebook’s big revelation: new search tool, Jan 16, 2013

 

Facebook Inc CEO Mark Zuckerberg unveiled on Tuesday a feature to help its users search for people and places within the social network, in the company’s first major product launch event since its May initial public offering.

 “Graph search,” which allows users to sort through only content that has been shared with them - addressing potential privacy concerns. Available as a “beta” or early version now, the new feature - dubbed “graph search” because Facebook refers to its growing content, data and membership as the “social graph” - will initially let users browse mainly photographs, people, places and members’ interests

• Zuckerberg described what he called “graph search,” which allows users to sort through only content that has been shared with them — addressing potential privacy concerns.
• Zuckerberg promised users will be able to tailor their searches, such as by specifying music and restaurants that their friends like, or their favorite dentist.
• Critics have long deemed the social network’s current search capabilities inadequate. Zuckerberg stressed that Facebook was not getting into Internet searches, Google Inc’s specialty
• The world’s largest online social network, with more than one billion users, Facebook is moving to regain Wall Street’s confidence in the wake of a rocky IPO and concerns about its long-term money-making prospects
• That anticipation, as well as expectations of strong fourth-quarter financial results, have helped boost Facebook’s stock. Its shares are up more than 15% since the start of the year.

Headline: Search gives Facebook challenge and chance, Jan 15th, 2013

Summary: Facebook faces the ultimate burden of the information age: how to help its users find what they are looking for amid the billions of pictures, likes and status updates they post every day.  Thus, ferreting out junk from its treasure is its biggest challenge and potentially its most lucrative opportunity, a chance to topple Google from the throne as the king of search.

Review: Facebook more than any other platform has a singular and huge data set to mine. Its users gush about what they like and listen to, whom they admire, where they jog, what they eat, etc. Where there is too much information, there is high value in search, navigation and discovery. Thus, Facebook has set up a team of 100 engineers to crack the search puzzle, led by the former Google engineer Lars Rasmussen for building the best search tool.