Business News

Dell Technologies posts record $28.4 billion sales in Q3

Dell Technologies posts record $28.4 billion sales in Q3

San Francisco: Dell Technologies has announced a record third quarter (Q3) results, generating revenue of $28.4 billion (up 21 per cent) with a net income of $3.9 billion, driven by growth across commercial PCs, servers and storage verticals.The company achieved highest year-over-year PC share gain ...

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US-based DataCore expands India footprint, to hire more

US-based DataCore expands India footprint, to hire more

Bengaluru: US-based software storage company DataCore, which has acquired MayaData -- a leading independent developer of container-attached storage -- on Tuesday announced to open a new office facility in Bengaluru that would house the combined team of Datacore and MayaData.The company, which has it...

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Vodafone Idea raises prepaid tariffs by around 20%, effective from Nov 25

Vodafone Idea raises prepaid tariffs by around 20%, effective from Nov 25

New Delhi: Telecom operator Vodafone Idea announced on Tuesday that it would raise tariffs for its prepaid users by around 20 per cent.The revised tariffs will come into effect from November 25, the telecom operator said.This announcement by Vodafone Idea comes on the heels of Bharti Airtel's hike i...

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Ericsson to acquire global Cloud firm Vonage for $6.2 bn

Ericsson to acquire global Cloud firm Vonage for $6.2 bn

Bengaluru: Swedish telecommunications giant Ericsson on Monday announced to acquire global Cloud-based communications provider Vonage for $6.2 billion, as the company aims to expand its presence in wireless enterprise and broaden its global offerings.The Cloud-based Vonage Communications Platform (V...

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ITC Hotels expands footprint in Himachal with Mementos Shimla

ITC Hotels expands footprint in Himachal with Mementos Shimla

New Delhi: ITC Hotels has signed its third Mementos hotel in two weeks, this time in Shimla, expanding its footprint in Himachal Pradesh.Mementos is the luxury brand that the hospitality company launched with the inking of the deal for Ekaaya Udaipur, which was followed by Mementos Jaipur.Mementos S...

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India's two-wheeler sales likely to fall 1-4% YoY in FY22: ICRA

India's two-wheeler sales likely to fall 1-4% YoY in FY22: ICRA

New Delhi: India's two-wheeler sales are expected to contract by 1-4 per cent year-on-year (YoY) in FY22 due to weak festive season performance, ICRA said on Monday.Accordingly, the rating agency cited that the relentless increase in prices of two-wheelers coupled with record-high petrol rates kept ...

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Airtel's prepaid tariff hike was 'much-needed for telecom sector: CRISIL

Airtel's prepaid tariff hike was 'much-needed for telecom sector: CRISIL

New Delhi: The hike in prepaid tariff by telecom operator Bharti Airtel was a "much-needed step towards healing the profitability and the returns profile" of the telecom sector, CRISIL Ratings said on Monday.Airtel will raise prepaid tariff by around 20 per cent, which will come into effect from Nov...

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Rosneft believes Indian market has long-term potential

Rosneft believes Indian market has long-term potential

New Delhi: Russian oil company Rosneft promotes a framework of integrated cooperation with Indian partners across the entire value chain, from the extraction of oil to the refining and distribution of oil products.Since 2016, Indian companies (ONGC Videsh Ltd., Oil India Limited, Indian Oil Corporat...

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RIL, Saudi Aramco to re-evaluate proposed investment in O2C

RIL, Saudi Aramco to re-evaluate proposed investment in O2C

Mumbai: Reliance Industries Limited (RIL) and Saudi Aramco have mutually agreed to re-evaluate the proposed investment of the latter in RIL's 'O2C'.Consequently, the current application with the NCLT for segregating the O2C business from RIL is being withdrawn.In August 2019, both the companies had ...

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World Trade Report calls for multilateral trade cooperation amid pandemic shocks

World Trade Report calls for multilateral trade cooperation amid pandemic shocks

Geneva: The World Trade Organization (WTO) published the 2021 edition of World Trade Report, calling for more multilateral and regional trade cooperation after analyzing vulnerabilities and resilience in the global trading system amid the pandemic."While the WTO already contributes to economic resil...

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