Tag Archives: as

Lenovo Posts First Quarter Profit as Recovery Continues

Chinese technology giant Lenovo Thursday recorded a sharp rise in first-quarter net profit as the company’s turnaround gathered pace. The PC maker posted a $77 million (roughly Rs. 541 crores) net profit in the quarter to June 30 – up from a $72 million loss in the same period last year. “The Group remains confident in its core PC business, and aims to ... Read More »

Nokia 6.1 Plus India Launch Expected on August 21 as HMD Global Sends Invites

HIGHLIGHTS HMD Global has sent out media invites for an event in India New Nokia smartphone expected at August 21 event Nokia 6.1 Plus may get unveiled in India Nokia 6.1 Plus, the global variant of Nokia X6 that was launched in China in May, is expected to launch in India on August 21. Nokia licensee HMD Global has sent out media invites ... Read More »

Apple 2018 iPhone Names Tipped as iPhone 9, iPhone XS, iPhone XS Plus; Hands-on Video Surfaces

HIGHLIGHTS Apple is expected to launch three new iPhones this year There is expected to be an LCD variant which may be called iPhone 9 The other two will be called iPhone XS and iPhone XS Plus Apple is expected to launch three new iPhones this year – one iPhone X successor with an OLED display, one 6.5-inch most premium variant with OLED ... Read More »

Apple Looking to Get in LG Display as Second Supplier for iPhone 2018 OLED Panels: Report

HIGHLIGHTS Samsung is currently the sole supplier for iPhone OLED panels The move might end up reducing costs for Apple Initially only about 2-4 million units are expected to be shipped Rumours in the past have suggested that Apple is planning to launch three new iPhone variants as part of its annual refresh coming up in September 2018. Two of the models are expected ... Read More »

Xiaomi Lowers Target as It Kicks Off IPO

Chinese smartphone maker Xiaomi kicked off its initial public offering Thursday but the firm is likely to pull in about $6.1 billion (roughly Rs. 41,600 crores), far less than originally expected, with investors having mixed views about its main business. Xiaomi had hoped to raise $10 billion (roughly Rs. 68,000 crores) with the Hong Kong IPO, making it the biggest since Alibaba’s $25 billion ... Read More »

Sport NZ launches review into athlete welfare as cycling, football scandals emerge

Sport NZ is reviewing integrity in sport including match fixing, doping, corruption and athlete duty of care. Sport NZ is examining whether national sporting bodies are failing in their duty of care to athletes as Cycling NZ and NZ Football grapple with allegations of bullying, intimidation and inappropriate behaviour in its elite programmes. The national governing body has commissioned top sports lawyer Stephen ... Read More »

SRF shares tank 14% as profit falls on finance & depreciation cost, debt increases

Shares of chemicals firm SRF plunged by as much as 14 percent on Friday after the company reported a decline in its March quarter net profit and an increase in its debt. The company’s net profit for the March quarter fell 4 percent year on year to Rs 124 crore, dented by higher finance and depreciation costs. Revenue from operations grew 21.5 percent ... Read More »

Samsung Pips Intel as Top Semiconductor Player in 2017: Gartner

In a significant development, Samsung Electronics with 14.2 percent share surpassed Intel as the top vendor for the global semiconductor market in 2017 – a feat that took 25 years to happen – Gartner said on Monday. Samsung registered $59,875 million (roughly Rs. 3.97 lakh crores) in revenue while Intel at second place reported a revenue of $58,725 million (roughly Rs. 3.9 lakh crores) ... Read More »

US Fed goes for 25bps rate hike in Jerome Powell’s 1st meeting as chairman

Jerome Powell, chairperson of the US Federal Reserve. The vote for an interest rate hike to 1.5% to 1.75% was a unanimous 8-0. Photo: Bloomberg New York: US Federal Reserve officials, meeting for the first time under chairman Jerome Powell, raised the benchmark lending rate a quarter-point and forecast a steeper path of rate hikes in 2019 and 2020, citing an ... Read More »

Redmi 5 First Flash Sale in India at 12pm; Mi TV 4A, Mi TV 4 Up for Grabs as Well

Redmi 5, Xiaomi’s latest affordable smartphone, will go on sale in India via Amazon and Mi.com for the first time at 12PM Tuesday. Last week, Xiaomi had launched three variants of the Redmi 5 – 2GB/ 3GB/ 4GB RAM – with the prices starting at Rs. 7,999 and going up all the way to Rs. 10,999 for the top-end variant. Xiaomi India has announced that more than 4 lakh ... Read More »