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Mukesh Ambani-owned Reliance Jio, the newest telecom company, announced on Friday it has notched an unprecedented 72 million paid subscribers, and extended by 15 days its rock-bottom priced data offer under Prime membership.... More
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$500mn will be raised by snapdeal from Alibaba, SoftBank, Foxconn
E-commerce giant Snapdeal is set to raise $500 million in investment from Alibaba Group Holding Ltd, SoftBank Group Corp and Foxconn, the trading name of Hon Hai Precision Industry Co Ltd, a person familiar with the matter said on Monday.... More
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Shares of Kotak Mahindra Bank today fell by nearly 5 per cent after the company reported 25.8 per cent decline in net profit for the first quarter.... More
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Bank of India, the country's third-biggest state-run lender by assets, reported a sharply bigger-than-expected 84 per cent fall in quarterly profit as bad loans surged.... More
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In the last couple of years, India has been slowly climbing up the Apple priority tree. Now, we aren’t really the ‘apple’ of its eyes, but things are changing, and unlike before, we aren’t simply a dumping ground. After a record third quarter, Tim Cook spoke about India growth at the earnings call. According to a report he said, “In India we grew at 93% and this is on top of the Greater China numbers that grew 87% during the quarter against a market of 5%.”... More
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Infosys has begun the first quarter of fiscal 2016 with surprisingly strong revenue growth and an unexpected bump-up in annual guidance, raising hopes that CEO Vishal Sikka's 'renew and new' strategy may be beginning to pay off.... More
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Tech Mahindra shares fell over 9 per cent to hit intraday low of Rs 471.7 on Monday after the company said that its revenue and profit margin may witness a sequential decline in the first quarter of FY15 due to higher US visa sponsorship costs for its employees.... More
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Share prices slumped across Europe on Monday as Greece shuttered its banks for a week following a fateful weekend that has shaken Europe's single currency... More
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India’s exports fell for a sixth straight month, the longest losing streak since 2009, weakening the rupee and boosting pressure on Prime Minister Narendra Modi to spur demand in Asia’s third-largest economy.... More
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Municipal Corporation of Gurgaon (MCG) has awarded Airtel with the contract to setup free WiFi service in the Millennium City. As per a press release circulated by Airtel, they have informed us that, to start with, the following areas would be provided with free Internet aided by WiFi connection: MG Road, Sadar Bazaar, Sector 29, Sirhaul Village and Leisure Valley Park.... More
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