Nivedita's Feed
Feb 10, 2015

McDonald’s India cuts salt, calories in burgers and fries

MUMBAI (Reuters) – McDonald’s Corp is cutting the amount of calories and salt on its Indian menu as it fights to hold on to customers in a rapidly growing developing market where newer, healthier fast-food options are just starting to catch on.

The burger chain is known globally for the consistency of its food, down to the thickness of fries or the amount of cheese on burgers, and changes run the risk of upsetting customers who expect the same taste on every visit, everywhere.

Jan 20, 2015

Samsung’s Tizen smartphone makes poor first impression in India

MUMBAI (Reuters) – Samsung Electronics Co Ltd’s first smartphone to run on its own operating system received a frosty welcome after its launch in India, with reviewers and consumers criticising its low-resolution cameras and dearth of software applications.

The South Korean giant’s latest handset stands out not so much for its no-frills specifications but for what lies under the hood – the Tizen operating system Samsung has developed to rival Google Inc’s Android platform.

Jan 19, 2015

Hindustan Unilever sales volumes disappoint as urban shoppers stay away

MUMBAI (Reuters) – Hindustan Unilever Ltd(HLL.NS: Quote, Profile, Research), the Indian unit of Anglo-Dutch consumer group Unilever Plc(ULVR.L: Quote, Profile, Research) (UNc.AS: Quote, Profile, Research), saw weaker than expected growth in quarterly sales volumes as urban shoppers avoided making big purchases, dragging its shares down more than 5 percent.

For the quarter ended Dec. 31, the maker of products such as Dove soap, Sunsilk shampoo and Lipton tea, posted a 3 percent rise in volumes, while analysts, on average, were expecting to see a rise of about 6 percent.

Jan 16, 2015

Wipro expects western sales boost, oil prices a worry

BENGALURU/MUMBAI (Reuters) – Wipro, India’s third-largest IT services exporter, expects higher technology spending by western clients to boost sales in its next fiscal year, it said after posting forecast-beating quarterly profit on Friday.

About three quarters of the company’s revenue is derived from businesses in the United States and Europe, which Wipro says are beginning to reinvest in technology to cut costs and boost efficiency, though it said demand from energy companies could be at risk because of plunging oil prices.

Jan 16, 2015

India’s Wipro expects western sales boost, oil prices a worry

BENGALURU/MUMBAI, Jan 16 (Reuters) – Wipro,
India’s third-largest IT services exporter, expects higher
technology spending by western clients to boost sales in its
next fiscal year, it said after posting forecast-beating
quarterly profit on Friday.

About three quarters of the company’s revenue is derived
from businesses in the United States and Europe, which Wipro
says are beginning to reinvest in technology to cut costs and
boost efficiency, though it said demand from energy companies
could be at risk because of plunging oil prices.

Jan 15, 2015

TCS expects strong deal momentum to drive growth

MUMBAI (Reuters) – Tata Consultancy Services (TCS) Ltd, India’s biggest software services exporter, posted a 5.1 percent rise in quarterly net profit, and said it expected strong outsourcing deals momentum to boost growth in the quarters ahead.

The company, part of India’s diversified Tata Group, listed a move to newer technologies and its presence across emerging economies, aside from its core geographies of the United States and Europe, as key drivers of growth in the future.

Jan 15, 2015

India’s TCS expects strong deal momentum to drive growth

MUMBAI, Jan 15 (Reuters) – Tata Consultancy Services (TCS)
Ltd, India’s biggest software services exporter, posted
a 5.1 percent rise in quarterly net profit, and said it expected
strong outsourcing deals momentum to boost growth in the
quarters ahead.

The company, part of India’s diversified Tata Group, listed
a move to newer technologies and its presence across emerging
economies, aside from its core geographies of the United States
and Europe, as key drivers of growth in the future.

Jan 13, 2015

India’s Zomato in talks to raise $100 million after U.S. acquisition

By Nivedita Bhattacharjee

(Reuters) – Indian restaurant search services provider Zomato acquired U.S.-based rival Urbanspoon for about $50 million in one of the biggest overseas deals by an Indian startup and a company executive said it was in talks to raise about $100 million in fresh funding.

India’s rapidly growing Internet- and mobile-based companies have attracted billions of dollars in funding in the last couple of years from foreign investors including Japan’s SoftBank Corp and Temasek Holdings Pvt Ltd [TEM.UL].

Jan 13, 2015

India’s Zomato in talks to raise $100 mln after US acquisition

Jan 13 (Reuters) – Indian restaurant search services
provider Zomato acquired U.S.-based rival Urbanspoon for about
$50 million in one of the biggest overseas deals by an Indian
startup and a company executive said it was in talks to raise
about $100 million in fresh funding.

India’s rapidly growing Internet- and mobile-based companies
have attracted billions of dollars in funding in the last couple
of years from foreign investors including Japan’s SoftBank Corp
and Temasek Holdings Pvt Ltd.

Jan 7, 2015

China’s Xiaomi tests selling phones in stores to pep up India sales

MUMBAI, Jan 7 (Reuters) – Chinese smartphone maker Xiaomi
Inc said it could sell more models in Indian stores
while pursuing its primarily online-only strategy if it succeeds
in selling enough Redmi Note 4G handsets through shops of
carrier Bharti Airtel Ltd.

Xiaomi entered India with online retailer Flipkart.com in
July, selling phones through flash sales whereby availability is
limited to short time frames. The online strategy cuts down on
marketing and distribution costs, allowing Xiaomi to sell
feature-rich phones at low prices.

    • 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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