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Apr 16, 2015

TCS sees FY revenue growth beating industry estimates

MUMBAI (Reuters) – India’s largest software services exporter Tata Consultancy Services (TCS.NS: Quote, Profile, Research) posted a better than expected rise in net profit led by strong worldwide client spending and said it expected revenue growth in the year starting in April to top industry estimates.

TCS, which has been growing revenues faster than rivals Infosys Ltd (INFY.NS: Quote, Profile, Research) and Wipro Ltd (WIPR.NS: Quote, Profile, Research), will benefit from investments in newer digital technologies and automation, Chief Executive N. Chandrasekaran said.

Apr 16, 2015

India’s TCS sees FY revenue growth beating industry estimates

MUMBAI, April 16 (Reuters) – India’s largest software
services exporter Tata Consultancy Services posted a
better than expected rise in net profit led by strong worldwide
client spending and said it expected revenue growth in the year
starting in April to top industry estimates.

TCS, which has been growing revenues faster than rivals
Infosys Ltd and Wipro Ltd, will benefit from
investments in newer digital technologies and automation, Chief
Executive N. Chandrasekaran said.

Apr 14, 2015

Flipkart ends talks to join Bharti Airtel marketing platform

MUMBAI (Reuters) – India’s largest online marketplace Flipkart said on Tuesday it would end talks with mobile operator Bharti Airtel Ltd (BRTI.NS: Quote, Profile, Research) to join its new marketing platform for mobile application makers.

Flipkart was in negotiations to join Bharti’s Airtel Zero platform, where mobile application makers pay for data usage, which then enables customers to use applications for free.

Apr 14, 2015

India’s Flipkart ends talks to join Bharti Airtel marketing platform

MUMBAI (Reuters) – India’s largest online marketplace Flipkart said on Tuesday it would end talks with mobile operator Bharti Airtel Ltd to join its new marketing platform for mobile application makers.

Flipkart was in negotiations to join Bharti’s Airtel Zero platform, where mobile application makers pay for data usage, which then enables customers to use applications for free.

Apr 14, 2015

Zomato moves beyond reviews with Maple deal

MUMBAI (Reuters) – Zomato, one of India’s biggest internet companies, has acquired cloud-based data firm MaplePOS to expand from restaurant reviews to online orders and payments, a top executive said on Tuesday.

Zomato, present in 22 countries including the United States, said MaplePOS, now “Zomato Base”, would be a database of customer details. It will also help restaurants with menu and inventory management, and has a built-in payment solution to accept debit and credit card payments.

Apr 14, 2015

Indian dining app Zomato moves beyond reviews with Maple deal

MUMBAI (Reuters) – Zomato, one of India’s biggest internet companies, has acquired cloud-based data firm MaplePOS to expand from restaurant reviews to online orders and payments, a top executive said on Tuesday.

Zomato, present in 22 countries including the United States, said MaplePOS, now “Zomato Base”, would be a database of customer details. It will also help restaurants with menu and inventory management, and has a built-in payment solution to accept debit and credit card payments.

Apr 9, 2015

Satyam founder Raju sentenced to seven years in jail in fraud case

MUMBAI (Reuters) – The founder of Satyam Computer Services, once India’s fourth-largest software services firm, was sentenced to seven years in prison after being found guilty in an accounting fraud case that ranks as the country’s biggest.

A court in Hyderabad, where Satyam was based, on Thursday pronounced Ramalinga Raju, a management graduate from Ohio University who founded Satyam in 1987, guilty of forging documents and falsifying accounts.

Apr 9, 2015

India’s Satyam founder sentenced to 7 years in jail in fraud case

MUMBAI (Reuters) – The founder of Satyam Computer Services, once India’s fourth-largest software services firm, was sentenced to seven years in prison after being found guilty in an accounting fraud case that ranks as the country’s biggest.

A court in the southern Indian city of Hyderabad, where Satyam was based, on Thursday pronounced Ramalinga Raju, a management graduate from Ohio University who founded Satyam in 1987, guilty of forging documents and falsifying accounts.

Apr 7, 2015

Xiaomi ties up with India retail chain to boost sales

MUMBAI (Reuters) – Chinese smartphone maker Xiaomi Inc has decided to sell devices through a leading electronics retail chain in India, part of its effort to move away from online-only sales and boost growth in the world’s third-largest smartphone market.

Xiaomi [XTC.UL] launched its India operations with online marketplace Flipkart.com in July, selling its phones through flash sales where availability is limited to short timeframes.

Apr 1, 2015

Tandoori microwaves help Samsung woo India, counter global dip

MUMBAI, April 1 (Reuters) – Microwave ovens that cook
tandoori bread, smartphones that understand Tamil and washing
machines designed to deal with humid, dusty cities: all part of
Samsung Electronics’ push to conquer India and
offset a global slump.

The consumer electronics giant is betting big on Asia’s
third-largest economy, at a time when overall sales have
struggled against rivals like Apple. In January,
Samsung reported its first annual group profit drop since 2011,
and in February its first wage freeze for employees in Korea in
six years.

    • About Nivedita

      "Think all things tech and telecoms. Currently in Mumbai. Previously in Chicago, covering retail, transport and airlines. Joined Reuters in 2008."
      Joined Reuters:
      2008
      Languages:
      English, Hindi, Bengali
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