It was the 14th quarter in a row that IBM has posted a reduction in revenue, as the world’s largest technology services company gets rid of low-margin businesses, but has so far failed to make up the shortfall with newer initiatives in the more lucrative area of cloud computing.
Posts tagged MC
IBM revenue falls more than expected, cuts profit forecast (20-10-2015)
ATC to acquire 51% in Viom Networks in Rs 20k cr deal: Srcs (20-10-2015)
Sources tell CNBC-TV18 that ATC will acquire 51 percent stake in the multi-tier deal at an estimated value of Rs 20,000 crore.
India’s rating constrained by low per capita income: SP (20-10-2015)
If India’s net debt to gross domestic product (GDP) was less than 60 percent then it would make a strong case for an upgrade, said Kyran Curry, SP.
Nifty may open flat, but eyes clear route to 8,400 (20-10-2015)
Indian shares may open without firm direction Tuesday, following a mildly positive close on Wall Street overnight and amid mixed trading in Asia.
Wall Street near flat; energy shares weigh while tech helps (20-10-2015)
The Dow and SP 500 pared losses late in the session while the Nasdaq added to gains. Nike, up 2.1 percent, helped the Dow, while gains in Apple and Intel supported all three major indexes.
Govt to fast-track mining clearances: Prakash Javedakar (19-10-2015)
Environment Minister Prakash Javedakar in an interview to CNBC-TV18’s Kritika Saxena, promised to fast-track mining clearances to hasten growth.
SKS Micro Q2 net rises 37% to Rs 78 crore (19-10-2015)
The company’s net profit stood at Rs 56.75 crore in the same period of the previous fiscal.
Indian media industry may grow over 3-fold in next 10 yrs (19-10-2015)
The report has predicted that by 2020, every second Indian will have a personal media consumption device.
No rest from price rise, govt to import 3K tonnes of pulses (19-10-2015)
The decision in this regard was taken at a meeting chaired by the Cabinet Secretary and attended by agriculture, consumer affairs and commerce secretaries as well as all state chief secretaries.
IRDAI issues guidlines on FDI in insurance firms (19-10-2015)
As per the Insurance Laws (Amendment) Act 2015, the foreign investment cap in the insurance sector has been increased to 49 percent, as well as permitting overseas reinsurers to open branch offices to carry out reinsurance business in India.