Companies

Microsoft Fourth Quarter 2012 Results: Posts Net Loss of $492 Million

Microsoft Corp. on Thursday reported a net loss of $492 million for the quarter ended June 30, 2012. It is the first loss for the company ever since it went public in 1986. Microsoft fourth quarter 2012 results that were announced on Thursday posted a revenue of $18.06 billion.

Jul 20, 2012

Are Apple Products Out of Fashion? Chinese Consumers Prefer Flashy Models

Apple Inc launched its latest iPad in China last week but failed to create frenzy unlike the launch of iPhone 4 earlier this year, sending out a message that consumers prefer brands like Samsung and HTC that come up with flashy new models at regular intervals.

Jul 25, 2012

Massive Power Outage in North, East India Leaves 600 Million Affected

Half on India was plunged into darkness on Tuesday, as power grid failure hit North India for the second consecutive day in one of the worst blackouts since 2001.

Jul 31, 2012

India Blackout: Northern, Eastern Power Grids Partially Restored; Train Services Delayed

For the second consecutive day life has come to standstill in half of India after power grid failure hit North and East India in one if the worst blackouts since 2001. On Monday, the Northern Grid which collapsed and was restored after about 15 hours of blackouts, tripped again on Tuesday. The Eastern and North-Eastern transmission lines also collapsed on Tuesday afternoon affecting more than 600 million people and 22 states across the country.

Jul 31, 2012

India Blackout Crisis: Power Supply Completely Restored

Power supply has been successfully restored in three electricity grids following massive power outage on Tuesday that affected half the population in India.

Aug 1, 2012

Mahindra Satyam Opens High at 10 Percent on Strong Q1 Earnings

Mahindra Satyam shares soared nearly 10 percent on Friday's opening trade, after the company reported a 56.4 per cent rise in quarterly profits that were strongly driven by new contracts and rupee depreciation.

Aug 3, 2012

Samsung Galaxy Note 2 Launch on Aug 29 Ahead of Apple iPhone 5 Debut

Smartphone major Samsung is all set to roll out its much-anticipated successor to the Galaxy Note at its Unpacked event in Berlin on Aug 29, the electronics giant confirmed.

Aug 3, 2012

RIM Considered Shifting to Android Before Deciding on BlackBerry 10

Canada-based Research In Motion Inc initially planned to adopt Android platform before deciding to stick with their BlackBerry 10 QNX based OS, which is the upcoming OS to enter BlackBerry devices.

Aug 6, 2012

Bharti Airtel Q1 Profit Down 37 Pct to ₹7.62 Billion

Bharti Airtel on Wednesday reported a 37 percent slump in quarterly profits, making it the tenth quarter in a row that the telecom major registered a profit decline amid prevailing competition despite outperforming smaller rivals in the subscriber market.

Aug 8, 2012

Over 51,000 Unregistered Telephone Numbers Disconnected for Making Unsolicited Calls

More than 51,000 unregistered telephone connections, which were being used by telemarketers till July 2012, have been disconnected by the government.

Aug 21, 2012

private-security-guards-stand-outside-the-main-entrance-to-the-maruti-suzuki-india-limited-plant-where-workers-are-striking-in-manesar

Maruti Unrest: Sacked Employees may Pressurise Other Workers for Support, Says Bhargava

Manesar Maruti Suzuki India chairman RC Bhargava said that sacked employees of the leading car maker may try to instigate other workers in the company to either support their cause or completely boycott work in the Manesar facility, which reopened on Tuesday following a month's shutdown due to clashes that broke out between the workers and management in July.

Aug 21, 2012