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Public sector banks roll out the red carpet for MBAs
When he took over as the chairman of Union Bank, M V Nair was one of the youngest entrants to the corner office of a public sector bank. So it’s natural that Nair didn’t think twice before rewriting the rules of the recruitment game for his bank.

J'khand not to issue any mining licences during Prez Rule
The Jharkhand government will not grant any mining and prospecting licences till the pendency of the President"s Rule, a top government official said.

News of the day

Rio Tinto to make first iron-ore shipment in India, to Essar
Anglo-Australian mining major Rio Tinto today said it will make its first ever sale of iron ore in India, to Essar Steel.
Home Business

Twitter buys location tracking entity Mixer Labs

Famed micro-blogging site Twitter has acquired location tracking firm Mixer Labs for an undisclosed amount. - Twitter said to be profitable after making $25 mn search deals - Iranian elections top Twitter topic for 2009 - After Nifty, NSE tweets on Junior Nifty, currency derivatives - Guest Column: Real-time search "going mainstream" - How other countries fare - Fundamentals for a new age The acquisition would help the site to enhance the "contextual" relevance of location to tweets -- messages posted on the site which can have a maximum of 140 characters. In a blog on Wednesday, Twitter said it has bought Mixer Labs without disclosing the financial details. Mixer Labs is the creator of GeoAPI, a comprehensive service for helping developers build geolocation-aware applications. "...(Mixer Labs) they"re part of Twitter and will be working to combine the contextual relevance of location to tweets," the blog noted. Both entities would together develop features to make the micro-blogging site more interesting and "relevant to daily life", irrespective of one"s location. "As a dramatic example, twittering "Earthquake!" alone is not as informative as "Earthquake!" coupled with your current location," the blog said. A popular site for social networking, Twitter is estimated to have more than 50 million users across the world.


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