Corporate

Corporate news, corporate developments and various announcements by corporates. Under this we also bring you regulatory developments of corporates and track their financial results including the quarterly as well as annual results. Besides, hiring and appointments by various corporates and enterprises are also featured in this section.

While Incumbents Bleed, Jio Net Profit Soars 65%

While Incumbents Bleed, Jio Net Profit Soars 65%

January 20, 2019 at 12:08 pm 0 comments

Reliance Jio Thursday announced 65% increment in its net profit for the third quarter ended December 31, 2018. The company clocked Rs 831 crore in net profit in Q3 as against Rs 504 crore in the same period a year ago. On QoQ basis the growth was 22% with profitRead More

Macquarie Infrastructure To Acquire Bluebird Network

Macquarie Infrastructure To Acquire Bluebird Network

January 16, 2019 at 9:57 am 0 comments

Bluebird Network, a Midwest telecommunications company, is being acquired by Macquarie Infrastructure Partners (“MIP”) for an undisclosed amount. MIP is a long-term infrastructure investment fund that is managed by the Macquarie Infrastructure and Real Assets (“MIRA”) division of Macquarie Group. MIP has partnered with Uniti Group to finance the transaction.Read More

Accenture Acquires Orbium To Augment Financial Services Portfolio

Accenture Acquires Orbium To Augment Financial Services Portfolio

January 10, 2019 at 9:54 am 0 comments

Accenture has announced to acquire Orbium, a management consultancy and technology services provider to the financial services industry, headquartered in Switzerland. The company hopes this acquisition will strengthen its ability to provide innovative services to clients in the private-banking and wealth-management space globally. Samir Gherbi, a partner at Orbium, said,Read More

Motorola Solutions Acquires Data Analytics Firm VaaS

Motorola Solutions Acquires Data Analytics Firm VaaS

January 8, 2019 at 12:36 pm 0 comments

Motorola Solutions has acquired VaaS International, a data and image analytics company based in Livermore, California and Fort Worth, Texas. Motorola Solutions paid a purchase price of $445 million in a combination of cash and equity. VaaS, a “video analysis as a service” company, is a leading global provider ofRead More

Reliance’s Radisys Acquisition Delayed

Reliance’s Radisys Acquisition Delayed

December 10, 2018 at 11:42 am 0 comments

Reliance Industries has delayed the closing date of its acquisition of Radisys, a global open telecom solutions firm. The earlier date of closure of the deal was December 7 2018 which is now extended by one week. The new date is now 14 December 2018. “At the request of RelianceRead More

Logitech, Plantronics Drop Acquisition Plan

Logitech, Plantronics Drop Acquisition Plan

November 26, 2018 at 11:43 am 0 comments

Computer and communication products company Logitech and unified communications firm Plantronics have dropped their plans for a possible acquisition. Both the firms, in separate announcements, have clarified that though they had entered into an initial discussion regarding the same, the plan has now been dropped. “Logitech approached Plantronics regarding aRead More

Vodafone Idea Q2 Results : Financial And Other Details

Vodafone Idea Q2 Results : Financial And Other Details

November 15, 2018 at 1:50 pm 0 comments

Vodafone Idea, the company that was born out of the merger between Vodafone India and Idea Cellular, has announced its financial results for Q2 ended September 30, 2018. This is the first quarterly result the new company announced post the closure of the merger that happened on 31 August 2018.Read More

SAP Acquires SurveyMonkey Rival Qualtrics For $8 Bn

SAP Acquires SurveyMonkey Rival Qualtrics For $8 Bn

November 12, 2018 at 9:22 am 0 comments

German software major SAP has acquired Qualtrics International, a cloud based software firm in the area of experience management, for $8 billion. The all cash deal was announced just days before the cloud based survey firm goes for a public listing. The deal is expected to close in the firstRead More

Nokia, Infosys To Jointly Develop Digital Transformation Solutions

Nokia, Infosys To Jointly Develop Digital Transformation Solutions

November 9, 2018 at 10:01 am 0 comments

Nokia and Infosys have announced a joint effort to help industries and enterprises in their digital transformation journey. Both the firms will develop products and solutions using their own expertise to address the digital needs of the enterprises, Nokia said in a joint statement. The industries that the two technologyRead More

Airtel Africa Inches Closer To IPO, Appoints Board Of Directors

Airtel Africa Inches Closer To IPO, Appoints Board Of Directors

November 3, 2018 at 7:56 am 0 comments

Bharti Airtel’s subsidiary Airtel Africa that operates in 14 countries in the African continent on Friday announced a set of new Board of Directors as a prerequisite for its intended IPO. The Board of Directors includes representatives from Airtel and the investors. The Board of Directors includes – Sunil BhartiRead More