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Samsung posts over 5% operating profit in Q2 2018

Operating profit came down to 14.8 trillion won (South Korean currency), sales came to 58 trillion won, down 4.92 percent. The company hopes to improve next quarter with the launch of the Note 9, better demand for chips and display.

Jul 6, 2018

Uncertainty lies ahead in Nano's journey; only 1 unit manufactured in June

The Nano car was an ambitious project of Ratan Tata who had an objective of providing a safer and affordable alternative to small families commuting on two wheelers.

Jul 5, 2018

Facebook says Saavn, Airtel had access to user data even after 2015

In a written submission to US Congress, Facebook said that these firms were allowed access to data following its partnerships with app developers and software makers.

Jul 4, 2018

Rattled by the Nirav Modi scam, PNB to shut most operations at its Mumbai branch – report

PNB is closing nearly all its operations in a Mumbai branch that was at the heart of a $2 billion fraud, according to four sources with knowledge of the decision.

Jul 4, 2018

SEBI orders ICICI Pru Mutual fund to refund Rs. 2.4 billion to its investors

The market regulator ordered the fund house to refund the amount to the investors with an annual interest rate of 15 percent.

Jul 4, 2018

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Tata Steel, Thyssenkrupp to merge; will become Europe's second largest steelmaker

This is the largest deal in European steel industry since Laxmi Niwas Mittal took over Arcelor in 2006.

Jun 30, 2018

RIL asks its 40,000 employees asked to switch from Airtel, Vodafone to Jio

Mukesh Ambani-led Reliance Industries acquires Radisys for $74 million

Reliance Industries Limited has signed a deal for a 100 percent stake in Oregon-based Radisys Corporation.

Jun 30, 2018

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Nissan to launch its first global digital hub in Thiruvananthapuram, Kerala

Nissan plans to start many global hubs in Asia, Europe and North America with digital technology as the key theme. The first global digital hub will be located at Technopark in the capital city of Kerala.

Jun 29, 2018

Who will be next ICICI Bank chairman? Frontrunner loses out; ex-bureaucrat emerges dark horse

ICICI Bank chairman RK Sharma's terms ends tomorrow. In the running are former bureaucrats Shaktikanta Das, D K Mittal, Tapan Ray C B Bhave. Former Bank of Baroda Chairman and Managing Director MD Mallya, a frontrunner in the beginning, has apparently lost out after he was interrogated in the Rotomac loan scam.

Jun 29, 2018

Indian traders vs Walmart: Nationwide protest against US retail giant on July 2

Walmart might have cut a hot deal with Flipkart but it's burning the traders in India. The massive nationwide protest next week will see over 7 lakh farmers and traders protesting against the US-based multinational retail corporation.

Jun 28, 2018

Adani Group to take over Anil Ambani's Reliance Energy, sale approved by Maharashtra Electricity Regulatory Commission

MERC has approved the 100 percent stake sale of the struggling Reliance Infrastructure to Adani group. The transaction is estimated at around Rs. 18,800 crore.

Jun 28, 2018

Vodafone Idea Limited to emerge as numero uno in Indian telecom market

Vodafone and Idea are currently the second and third-largest telecom providers in the Indian market. The new Vodafone Idea Ltd will dominate the customer base, pushing aside current big players, Bharti Airtel and Reliance Jio.

Jun 27, 2018

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Policybazaar enters unicorn club with SoftBank-led $200 million funding

It became the second Indian startup in as many weeks after Swiggy, a food delivery tech startup to join the Unicorn club.

Jun 26, 2018

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Reliance Industries to go for Jio IPO in 2-3 years: Report

In December 2017, Bloomberg reported that RIL was considering a Reliance Jio IPO by early 2019.

Jun 25, 2018

Wipro's Rishad Premji gets a salary hike of 250% for FY18

It is interesting to note that the hike comes at a time when Wipro has sacked a large number employees in last fiscal year. The IT major has also been dealing with growth issues after the bankruptcy of two clients.

Jun 25, 2018

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