Software services exporter Infosys on Monday reported better-than-expected rise in margins and profit for the quarter ended March 31, 2014.
The second largest software services exporter of India announced that its net profit of Rs 2,992 crore for the January to March quarter of FY2014, up 25 per cent from the corresponding quarter of the previous year. Quarter-on-quarter growth in net profit stood at 4 per cent.
Analysts had projected a net profit of Rs 2,835 crore for the company's fourth fiscal quarter.
India's second largest smartphone marker, Micromax Informatics Ltd has indicated that it is looking to acquire a stake in South Korean counterpart, Pantech Co Ltd in a move to exapnd its presence in the international market.
The low cost handset maker is planning to expand its presence in the upmarket segment of the global smartphone market. Pantech, which is South Korea's third largest smartphone maker, is under a debt-restructuring programme following continued losses due to increasing competition from rivals.
Microsoft moved a step closer towards officially acquiring Nokia's devices and services business as China's Ministry of Commerce has also approved the deal.
The Chinese Commerce Ministry said in statement that it approved the deal after making an analysis of the vertical relationship between handset maker Nokia's smartphone business and Redmond-based Microsoft's patents for smart terminal OS and mobile smart terminals. In addition, the ministry studied the potential impact of the Microsoft-Nokia deal on any abuse of patents and the Chinese smartphone market.
Supreme Court's order directing South Korea-based electronic giant Samsung's chief to appear before a Ghaziabad court in a cheating case would definitely adversely affect India's investment climate, Commerce & Industry Minister Anand Sharma said.
The apex court passed the order on an appeal filed by Samsung Chairman Kun-hee Lee, in which he challenged the Allahabad High Court's ruling that dismissed his plea to set aside arrest warrant issued against him.
Indian IT services provider Wipro has confirmed the organizational restructuring of its business segments and the elevation of Vice President Saurabh Govil as head of human resources.
Wipro announced that it has combined two of its verticals, viz. the advanced technologies and analytics, into a single unit.
The advanced technologies segment was created under the headship of CEO T. K. Kurien to focus on new areas of business for the company. Analytics is a key growth driver for the company, currently contributing nearly 7.2 per cent to its total revenue.
Nokia India on Friday refuted Tamil Nadu government's allegation that the handset maker avoided taxes on handsets sold domestically by masking them as exports.
Filing a writ petition with the Madras High Court, Nokia India revealed that Tamil Nadu's income tax department had asked it to pay Rs 2,400 crore in tax, claiming that that handsets manufactured by the company in Chennai were not exported and were instead sold in the domestic market.
Internet giant, Google has said that it is lowering the prices of its plans for storage for the customers making it more affordable for the customers. The move will undercut all of its competitors in the market.
The company said that it will lower prices of its 100 GB, 1 TB and 10 TB plans to $1.99, $9.99 and $99.99 respectively. Following the price cut, Google is now offering 10 times more storage for the same price as rival Dropbox.
India-born Rajeev Suri, the current head of Nokia's telecom equipment business, will be elevated to the top position of global chief executive officer (CEO) of Nokia Corporation, emerging media reported.
Citing unnamed sources, Finnish media reported that Mr. Suri might be made the CEO of Nokia Corp by March or April this year, when Redmond-based software giant Microsoft Corp will likely conclude the acquisition of the Finnish firm's handset business.
The reports also say that an official announcement regarding the same could be made as early as the end of this month.
According to recent reports, Ford has signed a software partnership with Canada-based device maker BlackBerry, for powering the automaker's in-car entertainment and communications systems. The move implies that Ford is planning to drop Microsoft's in-car technology in favor of BlackBerry software.
The potential switch - from Microsoft to BlackBerry - which Ford is planning as a result of its software partnership with BlackBerry was first reported in the February issue of the Hansen Report, an auto industry newsletter.
Sales of high-end smartphones will slow this year as low and mid-end handsets will hit the market and weigh on average selling prices, market research firm Gartner has predicted.
The market researcher underlined that even top smartphone makers, such as Samsung and Apple, are launching cheaper models as smartphone markets in North America and Europe have reached saturation point.
Launch of cheaper options will likely lead to a fall in average selling price and a decline in revenue growth.