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

Infosys stock tanks 10% post Q1 results

Infosys shares lost as much as 10% after the company reported a 13% jump in consolidated net profit of Rs 3,436 crore for the quarter ended June. Analysts had estimated the company

Rocket Internet cuts losses by 23%in Q1

The major startups of international e-commerce investor Rocket Internet managed to reduce their losses in the first quarter, the German company said on Tuesday, although revenue growth slowed and even went into

RIL May Roll Out Its 4G Network By August

Market research firm, Morgan Stanley has predicted that Reliance Industries Limited (RIL) may roll out its 4G services in the next three months. The research firm also estimates that RIL may eye

DoT may start spectrum auction by mid-July

Department of Telecom is looking to commence the auction for spectrum, including in 700Mhz band, around mid-July, which may fetch the government Rs 5.4 lakh crore. “Telecom Commission is meeting on March

What Flipkart’s devaluation means for Indian startups

 Marked an inflection point for the Indian startup ecosystem. Emboldened by an ever-increasing smartphone penetration and online shopping reaching millions of customers, this was when India’s most celebrated e-commerce company, Flipkart, raised

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