Financials
Financials
Sprint’s CEO Faces Mounting Challenges to Turn Company Around
When Marcelo Claure took the top job at Sprint Corp two months ago, he faced an uphill climb in turning around the No. 3 U.S. cellular provider. On Monday, it became clear quite how steep that road to recovery...
Financials
AT&T to Buy Iusacell for $1.8 Billion in Mexico Expansion Plan
AT&T is buying Mexican wireless company Iusacell for $1.8 billion (roughly Rs. 11,000 crores) and plans to grow in Mexico. The Dallas company said Friday that Iusacell has 8.6 million subscribers under the Iusacell and Unefon...
Financials
Sony: Project Morpheus virtual reality headset is a significant investment
Head of Sony Andrew House sees a bright future for the device which delivers a 'magical sense of presence' to users The virtual reality technology Project Morpheus is "the new frontier of game development" and represents a significant investment...
Financials
Infosys net profit falls by 1%
Infosys' revenue rose moderately in the June quarter, but at the cost of profit, which took a hit partially on account of salary increases. Net profit for the quarter declined by 1% to $482 million and by 3.5% in...
Financials
The installed base of fleet management systems will reach 5.9 million in Russia/CIS and Eastern Europe by 2018
According to a new research report from the analyst firm Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in Russia/CIS and Eastern Europe was 2.9 million in Q4-2013.
Growing at a compound annual growth...
Financials
RJIL likely to raise Rs 10 billion through private bonds
Reliance Jio Infocomm Limited (RJIL) is likely to raise Rs 10 billion through private bonds. The company plans to raise the entire amount through ten-year securities for which the coupon rate may be fixed between 9.25 per cent and...
Financials
Vodafone facing tax liability of over Rs 27,000 cr in India
British telecom major Vodafone Group has admitted in its annual report that it faces tax claims and liabilities exceeding Rs 27,000 crore in India, of which Rs 14,200 crore relates to the acquisition of Hutchinson- Essar in 2007. ...
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