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…
Microsoft and Rolls-Royce, a leading manufacturer of aero engines for the airline and business aviation market, announced a collaboration to bring new capabilities to Rolls-Royce customers. Rolls-Royce will integrate Microsoft Azure IoT Suite and Cortana Intelligence Suite into its service solutions to expand its digital capabilities to support the current and next generation of Rolls-Royce intelligent engines.
“Our customers are looking for ways to leverage the digital landscape to increase efficiency and improve their operations,” saidTom Palmer, senior vice president, Services, Civil Aerospace, at Rolls-Royce. “By working with Microsoft we can really transform our digital services, supporting customers right across engine-related aircraft operations to make a real difference to performance.”
“Rolls-Royce has always been a pioneer in engine services, and this collaboration will create a new digital engine for Rolls-Royce to deliver an even better service to its customers across its world-class engine fleet through Microsoft Azure,” said Jason Zander, corporate vice president of Microsoft Azure at Microsoft. Read more