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Apple Supplier Broadcom to Slash 1,900 Jobs Globally

Chipmaker Broadcom Ltd, the company created following the merger of Avago and Broadcom, said it would cut about 1,900 jobs globally across its businesses. Shares of Broadcom, which also supplies to Apple Inc, were up 8 percent at $148.20 in extended trading on Thursday. The company said it expects to take charges of about $650 million related to the job ... Read More »

mPhone ‘Mango’ Smartphones Launch Controversy: Everything You Need to Know

As the Make in India and Digital India movements announced by the Prime Minister accelerate, all eyes are on Indian firms and entrepreneurs to see what they can achieve in the new, more conducive environment. The Union Budget this year further set the stage for incentivising startups in the country. It is in this scenario that mPhone Electronics and Technologies ... Read More »

Lava Planning to Set Up R&D Facility in Hyderabad

Domestic mobile handset manufacturer Lava plans to set up a research and development (R&D) facility in Hyderabad. A company official on Thursday said this would be their second facility and would be bigger than the existing one in Bengaluru, which employs 400 people. Sandeep Dongre, senior vice president and hub head, east, Telangana and Andhra Pradesh, told reporters that they ... Read More »

iPhone 7s to Sport Oled Display; iPhone 7 Pro to Bear Dual Camera Setup: Reports

Apple may switch to Oled display on its iPhone models sooner than expected. A new media report claims that the Cupertino-based company has been in talks with display manufacturers and plans to introduce the first iPhone with an Oled display in 2017 – with the iPhone 7s. Earlier reports had suggested that Apple was planning to launch an iPhone with ... Read More »

HTC One M10 Teaser Video Promises to ‘Make Your Phone Even Better’

HTC has released its first teaser video for the One M10 flagship smartphone. The video, while showing nothing of significance, promises a lot of things. In the video, the company claims that the HTC team is working “non-stop” because they want to “make your phone even better.” The YouTube video says that the team is obsessed but “in a good ... Read More »

Virtusa to Launch Rs 590-Cr Open Offer for Polaris from March 11

Representational image New Delhi: Technology outsourcing company Virtusa, which has acquired a majority stake in Polaris Consulting & Services, will make an open offer of Rs 590 crore to acquire additional 26 per cent stake in the company. The open offer at a price of Rs 220.73 apiece will start on March 11. Virtusa Consulting Services Private Limited has completed ... Read More »

Government to Shortly Issue 3rd Tranche of Gold Bond Scheme: Shaktikanta Das

New Delhi: Having raised nearly Rs 1,050 crore in the first two tranches, the government will “shortly” issue the third tranche of sovereign gold bond for the fiscal, Economic Affairs Secretary Shaktikanta Das said on Thursday. “It will come very shortly. I can’t say the exact time as then there will be speculations on gold prices,” Das told PTI. The ... Read More »

1% Cut in Corporate Taxes to Cost Exchequer Rs 15K crore: Adhia

New Delhi: Finance Ministry today said it refrained from reducing the corporate tax rate by 1 per cent in 2016-17 Budget as it would have resulted in revenue sacrifice of Rs. 15,000 crore and impacted the fiscal consolidation programme. “The Finance Minister had his own limitations in terms of resources… You know how much the bill is going to come ... Read More »

Black Money to Attract Double Payout After 4-Month Window

New Delhi: In a stern warning to black money holders, the government has said those caught with illicit wealth within the country would have to cough up 90 per cent in tax and penalty and also face up to 7 years in jail if they fail to declare it during the four-month compliance window. The window, announced by Finance Minister ... Read More »

Sensex, Nifty Likely to Open on a Positive Note

The Sensex and Nifty are likely to open on a positive note in trades on Friday tracking positive trading of Nifty futures on the Singapore Stock Exchange amid firm global cues. The Nifty futures traded on Singapore Exchange also known as the SGX Nifty was up 0.48 per cent or 36 points at 7,476. Meanwhile, Asian shares look set to ... Read More »