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    Softbank Recorded a Loss of $350 mn on its Indian Investment

    Japanese telecom gaint Softbank recorded a loss of $350 million for last nine months of 2016 in the fair value of the Company’s investments in India. The loss comes on top of a $555 million writedown on the value of Softbank’s India portfolio in the six-month period ending September 2016. “With reference to the current markdown, portfolio…

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    Kumar Mangalam Birla to Head Vodafone-Idea Combined Entity

    Kumar Mangalam Birla, chairman of Aditya Birla Group likely to head the new telecom entity Vodafone-Idea combine. Vodafone-Idea combine is a new telecom giant in the making with both companies confirming discussions to form a joint business in an all-share deal, which could create ‘stronger’ telco to take on rivals such as market leader Bharti Airtel and…

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    Read A for Alphabet and not Apple any more

    Alphabet, is all set to become the the world’s largest publicly traded company on Tuesday thanks to a spike in its share price, following exceptionally good results and a decision to come clean on how its makes and spends its money. In the past six months alone, since Google restructured to become Alphabet, its cap has…

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    Government of Karnataka Approves Apple’s Plan to Manufacture iPhones in Bengaluru

    Government of Karnataka clears the path for Apple to manufacture iPhones in Bengaluru. “An Apple team discussed with us its proposal to set up a plant in Bengaluru to make iPhones for the Indian and global markets,” said Kharge in a statement here. “We welcome Apple’s proposal to commence initial manufacturing operations in Karnataka. Its intentions…

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    Jio’s Data Offers Result in Significant Increase in Facebook Users

    Jio’s entry to Indian market with disruptive offers forced competitors to reduce data pricing, as a result there was a dramatic increase in Facebook traffic. The impact was so much that it took Facebook’s global monthly active user (MAU) numbers to record highs. In its December-quarter earnings call with investors on Wednesday, the social media giant…

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    Vodafone in Talks With With Adity Birla for Possible Merger

    Vodafone confirms that it is in discussions with the Aditya Birla Group about an all share merger of Vodafone India (excluding Vodafone’s 42% stake in Indus Towers) and Idea. Any merger would be effected through the issue of new shares in Idea to Vodafone and would result in Vodafone deconsolidating Vodafone India. “The potential merger…

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    Cisco Planning to Acquire AppDynamics

    Cisco announced its intent to acquire AppDynamics, Inc., a privately held application intelligence software company based in San Francisco. AppDynamics’s cloud application and business monitoring platform enables the world’s largest companies to improve application and business performance.  Cisco will acquire AppDynamics for approximately $3.7 billion in cash and assumed equity awards. “Applications have become the lifeblood…

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    Aryaka Gets $45 mn Funding From Deutsche Telekom Capital Partners

    Aryaka, the leading global SD-WAN provider, has secured a $45 million Series D round of financing led by Third Point Ventures, adding new investor Deutsche Telekom Capital Partners. The Series D financing builds on an exceptional year for Aryaka. The company has delivered over 100 percent year-over-year growth for five consecutive quarters and now has more than 500 global…

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    Bharti Airtel’s Q3 Financials Struck Hard by Jio Entry

    Bharti Airtel’s Q3 net profit had an adverse effect due to the entry of Reliance Jio, AIrtel’s net profit slumped 55% from a year, net profit of Rs 504 crore for the three months ended December was sharply lower that the average estimate of about Rs 965 crore. “The quarter has seen turbulence due to the…

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