Companies

Smartphone sales boost Samsung results

The firm posted improved revenue and profits in Q1 2016, exceeding its own estimates, due to steady sales of Galaxy S7 and S7 edge.

Apr 28, 2016

Facebook plans new non-voting shares to keep Zuckerberg at helm

Mark Zuckerberg in December 2015 had pledged 99 percent of his Facebook shares into a philanthropy project.

Apr 28, 2016

Top 5 smartphones launching in August 2016: Lenovo K5 Note, Oppo F1s, Samsung Galaxy Note 7 and more

Samsung to sail ahead of rivals in Q1 results

The tech giant's DRAM chip and 3D NAND chip business is expected to keep its Q1 2016 revenue figures higher than its competitors', reports Reuters.

Apr 27, 2016

Canon's Q1 operating profit tumbles 39% as camera sales fall

Canon has lowered the full-year operating profits guidance to Â¥300 billion, which is lower than the previous estimate of Â¥360 billion.

Apr 26, 2016

India's third-largest online grocery platform PepperTap taps out

The SnapDeal-backed online retail venture intends to shift focus to logistics.

Apr 25, 2016

Apple will create 4,000 jobs with new Maps development office in Hyderabad

Govt may waive off local sourcing clause for Apple Stores in India

Apple might be exempted from 30 percent domestic sourcing norm to open stores in India, the Times of India reported.

Apr 22, 2016

IT companies Q4 results India Inc call center corporate earnings

IT jobs to drop 20% in FY17: Nasscom chief

Nasscom chairman C P Gurnani attributes the drop to IT companies automating processes.

Apr 22, 2016

Pink slips for over 12,000 at Intel; switches focus away from PCs

The company announced its Q1 2016 earnings and also announced that its CFO Stacy Smith will take on a new role.

Apr 20, 2016

At $18.7B, IBM's quarterly revenues hit 14-year low

IBM's cloud revenues, however, bucked the trend and rose 34 percent year-over-year to $2.6 billion.

Apr 19, 2016

China's People Squared joins Google for Entrepreneurs

People Squared has become the first in China to strike a partnership deal with Google for Entrepreneurs.

Apr 14, 2016

Micromax outlines new growth strategy, logo

Micromax is planning to set up three new manufacturing plants with a total investment of Rs. 300 crore by 2017.

Apr 13, 2016

Huawei, LeEco to commence local manufacturing in India

Top officials from both companies met Telecom Minister Ravi Shankar Prasad to discuss future plans of their companies in India.

Apr 9, 2016

Nokia job cuts: Finnish company is cutting thousands of jobs globally

To cut costs, Nokia to slash thousands of jobs globally

Nokia is facing financial restraints following its recent $17.7 billion acquisition of Alcatel-Lucent.

Apr 7, 2016

Oppo to open 35,000 sales points, 180 service centers in India by 2016-end

Oppo to open 35,000 sales points, 180 service centres in India by 2016-end

Oppo plans to produce 10 million handsets per year in the upcoming Noida facility.

Apr 2, 2016

LeEco to strengthen content delivery in India with in-house CDNs: Planning $10M investment

LeEco to invest $10M to expand content delivery in India

The new infrastructure would bring content to users on mobile and TVs seamlessly.

Apr 1, 2016

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