Toshiba may report profit after six quarters

Toshiba said it plans to report on Friday first-quarter financial results that are “close to” what were reported by the Nikkei business daily, which put its operating profit at about 20 billion

China Mobile sees 5.6% rise in profit in H1

China Mobile, the country’s largest telecom operator, said today that its profits rose 5.6% year on year in the first half this year amounting to $9.1 billion due to strong growth in

Apple, Intel Add More Flavor To AI Deals

August seems to be the month of acquisitions, particularly in the Artificial Intelligence (AI) space. Recently, chip giant Intel announced its plans to buy Nervana Systems, close on the heels of iPhone

Cisco Apac startup investment head quits

Joydeep Bose, managing director of Cisco Investments, Asia-Pacific Japan, has quit the company after a decade-long innings with the technology company. Alok Bardiya, director of Cisco Investments, Cisco India and Saarc, will

Uber-Didi deal in China faces a hiccup

A merger between Chinese ride-hailing firm Didi Chuxing and the China unit of US rival Uber could face its first hiccup after China’s commerce ministry (Mofcom) said it had not received a

No fema exemption for Tata-DoCoMo deal’

Rejecting RBI plea for exempting Tata-DoCoMo deal from foreign exchange Act, the Finance Ministry has said the two firms had entered into a share buyback contract in contravention of prevalent law and

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