Nivedita's Feed
Feb 17, 2015

India’s Reliance, seven others apply to bid for mobile airwaves-sources

MUMBAI, Feb 17 (Reuters) – India’s Reliance Industries
and seven other firms including top mobile phone
operator Bharti Airtel have applied to participate in
next month’s auction for mobile phone airwaves, several people
directly involved in the process said.

Others firms which have submitted applications for the
auction that will start on March 4 include the local unit of
Vodafone Group Plc, Reliance Communications,
Idea Cellular, and Tata Teleservices, the
people said.

Feb 12, 2015

Flipkart to double value of goods sold as demand rises

MUMBAI (Reuters) – Flipkart aims to double the total value of goods it sells to $8 billion this year, two people with knowledge of the plans said, as India’s largest online marketplace seeks to widen the gap with rivals including Amazon.com’s (AMZN.O: Quote, Profile, Research) India unit.

Online retailers often use GMV, or gross merchandise value based on monthly online sales, as a measure of performance, as they typically make revenues from the commissions they get from sellers.

Feb 12, 2015

India’s Flipkart to double value of goods sold as demand surges

MUMBAI (Reuters) – Flipkart aims to double the total value of goods it sells to $8 billion this year, two people with knowledge of the plans said, as India’s largest online marketplace seeks to widen the gap with rivals including Amazon.com’s India unit.

Online retailers often use GMV, or gross merchandise value based on monthly online sales, as a measure of performance, as they typically make revenues from the commissions they get from sellers.

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.

    • 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