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Google Paid $966 Million to Acquire Mapping Application Company Waze

Google Paid $966 Million to Acquire Mapping Application Company Waze

Jul. 27 | San Francisco – Google disclosed Thursday nearly $1 billion to acquire the Israel-based company behind the mapping app Waze.   According to Google’s filing with the U.S. Securities and Exchange Commission, $966 million was spent on the...

Facebook Reports Q2 Revenue Grow 53%

Facebook Reports Q2 Revenue Grow 53%

Jul. 25 | SAN FRANCISCO – The world’s No. 1 social network, Facebook reported strong results for the second quarter of its fiscal 2013 on Wednesday. The company’s second quarter revenue soar to 1.813 billion dollars – a 53% increase on 1.184...

Apple’s Q3 Results Beat As iPhone Sales Surge

Apple’s Q3 Results Beat As iPhone Sales Surge

Jul. 24 | The world’s largest technology company, Apple Inc’s, said on Tuesday that profit fell 22% as gross margins slid below 37% from more than 42% in the year-ago quarter. Apple said it sold 31.2 million iPhones, a record for the June quarter,...

L&T Net profit fell 12.5% in Q1

L&T Net profit fell 12.5% in Q1

Jul. 22 | Mumbai – India’s biggest engineering and construction group, Larsen & Toubro Ltd (L&T) reported today, first-quarter profit fell 12.5%, missing analysts’ estimates, as a weak domestic economy hit spending on infrastructure projects. L&T...

Axis Bank Q1 profit up 22% to Rs 1,409 crore

Axis Bank Q1 profit up 22% to Rs 1,409 crore

Jul. 18 | Mumbai – Private sector lender Axis Bank today reported a higher-than-expected 22.5 percent to Rs 1,409 crore increase in quarterly net profit. Higher interest income and trading gains aided the bank’s earnings during the quarter. Axis Bank...

Mahindra Satyam buys 51 percent stake in Brazil’s Complex IT

Mahindra Satyam buys 51 percent stake in Brazil’s Complex IT

Feb. 15 | Mahindra Satyam, a consulting, IT services and engineering solutions provider, today said it has acquired 51 per cent majority stake in Brazilian SAP consulting services provider, Complex IT. Mahindra Satyam said, “this acquisition will focus on...

SBI Q3 net profit up 4% at Rs 3,396 cr

SBI Q3 net profit up 4% at Rs 3,396 cr

Feb. 14 | State Bank of India (SBI), the country’s biggest lender announced Thursday a rise of 4.08% in quarterly net profit as higher provisions for bad loans and slower loan demand hurt growth. Net profit rose to Rs. 3,396 crore for the quarter ended Dec....

Rupee weakens against US dollar

Rupee weakens against US dollar

Feb. 8 | MUMBAI: The Indian rupee was trading weak by 33 paise to 53.55 against the dollar at 11.40 a.m. local time, on persistent demand for the American currency from banks and exporters as it gained in the overseas forex markets as well. Some of private bank...

Merchandise Exports Decline 9.7% in August

Merchandise Exports Decline 9.7% in August

Sep. 14 | India’s merchandise exports continued to fall for the fourth straight month in August at $22.3 billion, down 9.7% over $24.7 billion in same month last year by waning global demand, and its trade deficit widened, according to official data released...

Tata Steel Q1 profit slumps 89% by European operations

Tata Steel Q1 profit slumps 89% by European operations

Aug. 13 | Tata Steel, the world’s seventh-largest steelmaker, today reported nearly 89% decline in consolidated net profit at Rs 597.88 crore for the first quarter ended June 30, 2012 down from 53.47 billion rupees a year earlier by proceeds from a divestment...