|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
: Wireless equipment maker LM Ericsson said its first-quarter profit more than doubled thanks to proceeds from the sale of its stake in handset maker Sony Ericsson.
PROFIT BOOST: The Swedish company posted profit of 8.95 billion kronor ($1.33 billion), including a 7.69 billion kronor gain from selling its stake in its joint venture with Sony Corp.
REVENUE DROP: Revenue fell 4 percent back of the financial crisis and tension in the Middle East. Network operators in areas facing political or economic uncertainty are spending less.