Nivedita's Feed
Oct 12, 2015

Infosys trims dollar revenue forecast, hits shares

MUMBAI (Reuters) – Infosys(INFY.NS: Quote, Profile, Research, Stock Buzz), India’s second-largest software services exporter, trimmed its full-year dollar revenue forecast to account for a stronger U.S. dollar against the rupee, sending its shares down sharply lower from a record high.

Infosys issued the revised forecast along with its second-quarter results on Monday, the first set of numbers released in India’s $150 billion software services sector.

Oct 12, 2015

India software firm Infosys trims dollar revenue forecast, hits shares

MUMBAI (Reuters) – Infosys (INFY.NS: Quote, Profile, Research, Stock Buzz), India’s second-largest software services exporter, trimmed its full-year dollar revenue forecast to account for a stronger U.S. dollar against the rupee, sending its shares down sharply lower from a record high.

Infosys issued the revised forecast along with its second-quarter results on Monday, the first set of numbers released in India’s $150 billion software services sector.

Oct 7, 2015

Fast food rivals expand, hitting Yum sales in India

MUMBAI (Reuters) – Aggressive expansion by foreign rivals is eating into sales at Yum Brands Inc in India, and there is little letup in sight for its KFC and Pizza Hut restaurants that are struggling to keep pace.

India accounts for only about one percent of Yum’s global sales, but Asia’s third-largest economy is a key growth market for companies like Yum, which are betting on an emerging middle class and its appetite for fast food.

Sep 30, 2015

Billionaire Ambani brothers extend telecoms partnership

MUMBAI (Reuters) – Mobile telecoms operator Reliance Communications Ltd will partner conglomerate Reliance Industries Ltd’s telecoms unit to trade and share mobile airwaves and offer high-speed 4G services.

With this partnership, the once-feuding Ambani brothers have taken another step in working together after their father Dhirubhai Ambani’s death in 2002 led to a power struggle between his two sons that split the Reliance empire.

Sep 30, 2015

India’s billionaire Ambani brothers extend telecoms partnership

MUMBAI, Sept 30 (Reuters) – Indian mobile telecoms operator
Reliance Communications Ltd will partner conglomerate
Reliance Industries Ltd’s telecoms unit to trade and
share mobile airwaves and offer high-speed 4G services.

With this partnership, India’s once-feuding Ambani brothers
have taken another step in working together after their father
Dhirubhai Ambani’s death in 2002 led to a power struggle between
his two sons that split the Reliance empire.

Sep 17, 2015

For India’s largest lingerie e-tailer, privacy pays

BENGALURU (Reuters) – Discretion is paying off for India’s largest online lingerie retailer Zivame: its sales have risen five-fold in the four years since its launch and just last week, it received $40 million in funding from local and foreign investors.

The start-up is one of several e-tailers cashing in on the awkwardness many middle-class women feel buying underwear in public in this deeply conservative society.

Sep 16, 2015

India’s InMobi ties up with China’s APUS in bid to challenge Google

MUMBAI (Reuters) – Indian mobile advertising firm InMobi said on Wednesday it is partnering APUS, a Chinese start-up that customizes Android software, in an alliance that InMobi expects will help it reach 500 million new users in China and other countries by 2016.

InMobi competes with Google and Facebook in the $100 billion global mobile advertising market, and is one of the few Indian start-ups to make a profit. It already reaches 1.4 billion devices and turned profitable in the three months to December.

Sep 16, 2015

InMobi ties up with China’s APUS in bid to challenge Google

MUMBAI (Reuters) – Mobile advertising firm InMobi said on Wednesday it is partnering APUS, a Chinese start-up that customizes Android software, in an alliance that InMobi expects will help it reach 500 million new users in China and other countries by 2016.

InMobi competes with Google (GOOGL.O: Quote, Profile, Research, Stock Buzz) and Facebook (FB.O: Quote, Profile, Research, Stock Buzz) in the $100 billion global mobile advertising market, and is one of the few Indian start-ups to make a profit. It already reaches 1.4 billion devices and turned profitable in the three months to December.

Aug 24, 2015

Heineken eyes control of Kingfisher beer maker – sources

MUMBAI (Reuters) – Heineken NV (HEIN.AS: Quote, Profile, Research, Stock Buzz) is seeking to raise its stake in India’s largest brewer, United Breweries Ltd (UBBW.NS: Quote, Profile, Research, Stock Buzz), to gain full management control as it bets on the country’s growing thirst for beer, sources with direct knowledge of the matter said.

Dutch brewer Heineken is the single-largest shareholder in United Breweries, maker of Kingfisher beer, with a 42.07 percent stake. It now plans to take that holding beyond 50 percent by buying shares from indebted liquor baron Vijay Mallya.

Aug 24, 2015

Heineken eyes control of Indian maker of Kingfisher beer – sources

MUMBAI, Aug 24 (Reuters) – Heineken NV is seeking
to raise its stake in India’s largest brewer, United Breweries
Ltd, to gain full management control as it bets on the
country’s growing thirst for beer, sources with direct knowledge
of the matter said.

Dutch brewer Heineken is the single-largest shareholder in
United Breweries, maker of Kingfisher beer, with a 42.07 percent
stake. It now plans to take that holding beyond 50 percent by
buying shares from indebted liquor baron Vijay Mallya.

    • 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
    • Follow Nivedita