Seoul : South Korean technology giant Samsung Electronics achieved a net profit of $39.30 billion, 85.6 per cent more than in 2016 thanks to the boom in the memory chip industry. The company also earned a gross operating profit of $52 billion, 83 per cent higher than...
By Vivek Singh Chauhan, New Delhi : Taking on Chinese smartphone players who have captured the budget market in India, Hyderabad-based Original Equipment Manufacturer (OEM) Smartron has launched an affordable "tphone P" for Rs 7,999. Housing a big 5,000mAh battery and...
Jeddah : Saudi Arabia’s General Authority of Zakat and Tax (GAZT) clarified that exports are zero-rated under the VAT Law and Implementing Regulations. This means that in Kingdom enterprises exporting goods and services can deduct the VAT-eligible input taxes they...
By Sandip Sen, New Delhi : ONGC will buy 51.1 per cent of the government's equity in HPCL for Rs 36,915 crore ($581 billion) to stem the fiscal deficit and boost disinvestment -- a year after the Modi government mooted a much-needed initiative to create an integrated...
New Delhi : When it comes to smartphone sales, there was a three per cent decline in India in the fourth quarter of 2017 owing to a proliferation of low-priced 4G feature phones, like Reliance JioPhone that hit smartphone sales hard, German research firm GfK said on...
Hyderabad : Participating in the World Economic Forum (WEF) for the first time, India's youngest state Telangana is trying to woo investors. The delegation led by Minister for Information Technology, Industries and Municipal Administration K.T. Rama Rao called on top...
Singapore : Apple shipped 29 million iPhone X units in the fourth quarter of 2017, Singapore-based market research firm Canalys has said, adding that this has made iPhone X the world's best-shipping smartphone model over the holiday season. "Another notable highlight...
By Nishant Arora, New Delhi : With mobility on the rise amid enterprises aspiring to create modern, connected workplaces, Hewlett Packard Enterprise (HPE)-owned wireless networking major Aruba is looking for double-digit growth in India, top company executives have...
By Arun Kumar Das, New Delhi : A government cannot run industry and regulation on businesses should be kept to a minimum to attract more foreign direct investment (FDI) and spur domestic financing, according to a minister. Commerce and Industry Minister Suresh Prabhu...
New Delhi : Oil and gas explorer ONGC on Sunday said that "all options" including internal accruals and short-term borrowing are available to fund its acquisition of HPCL. "We have various options available with us to fund this deal," Shashi Shanker, Chairman and...