Corporate

Hero Electronix Acquires Zenatix; Targets Rs 1000 Cr revenue From IoT Business By 2022

Hero Electronix Acquires Zenatix; Targets Rs 1000 Cr revenue From IoT Business By 2022

May 30, 2018 at 8:55 am 0 comments

Hero Electronix, a Hero Group company, has acquired Gurgaon-based Zenatix, an enterprise focused internet-of-things (IoT) solutions company. The details of the financial transaction in the deal are not available at this time. With this acquisition the hero Group firm formally announced its entry to IoT business. The company is targeting toRead More

Vodafone India FY18 Revenue Plunges 19% To Register Rs 34,855 Cr

Vodafone India FY18 Revenue Plunges 19% To Register Rs 34,855 Cr

May 15, 2018 at 6:45 pm 0 comments

Vodafone India today announced its fianncial reults for fiscal year 2018. As per the results the company posted revenues of Rs 34,855 crore in FY2018 as against Rs 42,956 crore in the previous year, showing a decline of 18.5%. “Operationally, it was an extremely challenging year wherein industry revenues wereRead More

Airtel’s Telenor Acquisition Completes, Subscriber Base Crosses 330 Mn

Airtel’s Telenor Acquisition Completes, Subscriber Base Crosses 330 Mn

May 15, 2018 at 9:21 am 0 comments

The department of telecommunication has given its approval to Airtel’s acquisition of Telenor India. This approval came barely within a week of the apex court quashing DoT petition of seeking a security deposit of Rs 1700 crore from the parties involved. In February last year, Airtel had announced the acquisitionRead More

Nokia Acquires Machine Learning Firm SpaceTime Insight

Nokia Acquires Machine Learning Firm SpaceTime Insight

May 7, 2018 at 4:42 pm 0 comments

Nokia has acquired California based IoT startup SpaceTime Insight to expand its Internet of Things (IoT) portfolio and IoT analytics capabilities. This will help Nokia accelerate the development of new IoT applications for key vertical markets. Based in San Mateo, California, with offices in the U.S., Canada, U.K., India andRead More

Xiaomi Files For IPO In Hong Kong Stock Exchange

Xiaomi Files For IPO In Hong Kong Stock Exchange

May 3, 2018 at 11:38 am 0 comments

Putting a year-old speculation to rest Chinese smartphone maker Xiaomi has filed for IPO in the Hong Kong Stock Exchange. However, the filing document does not clearly mention how much the company wishes to raise in this public listing process. Xiaomi, in its filing, said its revenue comes from fourRead More

Cisco Sells Off Service Provider Video Business To Permira

Cisco Sells Off Service Provider Video Business To Permira

May 2, 2018 at 4:32 pm 0 comments

Global private equity firm Permira is acquiring Cisco’s Service Provider Video Software Solutions (SPVSS) business. Both the firms have recently signed an agreement on this and announced that once the transaction is closed, the Permira Funds will create a new company for this business. The new company will be focusedRead More

Cisco To Acquire AI Firm Accompany For $270 Million

Cisco To Acquire AI Firm Accompany For $270 Million

May 2, 2018 at 10:52 am 0 comments

Cisco is acquiring Accompany, a California based AI driven firm, for $270 million. The firm offers AI-driven relationship intelligence platform for finding new prospects, navigating the selling process, and strengthening relationships. The acquired firm will be integrated in to Cisco collaboration platform and the founder and CEO of Accompany – AmyRead More

Oracle Acquires Education Financing Firm Vocado

Oracle Acquires Education Financing Firm Vocado

May 1, 2018 at 9:06 am 0 comments

Oracle Monday said it has acquired Vocado, a California based firm that offers student-centric, cloud-based financial aid solution for higher education institutions. Post acquisition, Vocado will be integrated with Oracle Student Cloud platform, the software major said in a statement. Vocado works with thousands of financial aid sources to optimizeRead More

Idea Results FY18 : Revenue, Profit And All Other Data

Idea Results FY18 : Revenue, Profit And All Other Data

April 30, 2018 at 9:18 am 0 comments

Idea Cellular, India’s third largest telecom operator by subscriber base, has announced its results for Q4, 2018 and for the full year 2018. Though the results show the company is recovering from the financial crisis created because of steep competition in the market, there are miles to go. We bringRead More

Bharti Infratel, Indus Towers Merge; Idea Out Of New Firm

Bharti Infratel, Indus Towers Merge; Idea Out Of New Firm

April 25, 2018 at 9:55 am 0 comments

Bharti Airtel Wednesday said its tower arm Bharti Infratel has now merged with Indus Towers. The combined entity will be called Indus Towers Limited and will be the largest telecom tower company in the world. Before the merger, Bharti Infratel had 39,523 towers and Indus Towers has 123,639 towers. Combined,Read More