• COMPUTERS
    Lenovo Reports Strong PC Sales Amid Tepid Smartphone Demand

    China’s Lenovo Group Ltd, the world’s biggest personal computer (PC) maker, said on Thursday its first-quarter net profit rose 64 percent, beating estimates as solid PC sales offset tepid smartphone demand. Beijing-based Lenovo said in a filing that net profit grew to $173 million (roughly Rs. 1,155 crores) for the quarter ended June from $105 […]

  • COMPUTERS
    HP Beats Estimates, Weak Printer Demand Weighs on Forecast

    HIGHLIGHTS Q3 revenue from the company’s computer business rose 7.5 percent Notebook volumes increased 12 percent Revenue from its printer business declined 4.6 percent from Q2 HP Inc, the hardware business of the former Hewlett-Packard Co, reported higher-than-expected quarterly revenue and profit as demand recovered for its notebooks. However, HP forecast current-quarter profit below analysts’ […]

  • ELECTRONICS
    Foxconn Sees Q4 Net Profit Dip as Smartphone Demand Slows

    Foxconn Sees Q4 Net Profit Dip as Smartphone Demand Slows Taiwan’s tech giant Hon Hai said net profit dipped in the fourth quarter, hit by a slowdown in demand for smartphones as key customer Apple warns waning sales of its iPhone. Net income in October-December fell 6.67 percent to TWD 52.9 billion ($1.6 billion or […]

  • ELECTRONICS
    Foxconn Sees this autumn net profit Dip as cellphone demand Slows

    Taiwan’s tech large Hon Hai stated internet earnings dipped inside the fourth area, hit by means of a slowdown in call for for smartphones as key customer Apple warns waning income of its iPhone. net income in October-December fell 6.sixty seven percent to TWD fifty two.9 billion ($1.6 billion or kind of Rs. 10,594 crores) […]

  • NEWS
    Tesla can count on Panasonic to maintain up with version three demand

    Tesla may be willing to stump up a lot of cash to fulfill brisk call for for the model three, however itnonetheless can’t try this on my own — not whilst Panasonic is pouring $1.6 billion into the Gigafactoryhad to make the electrical vehicle‘s batteries. thankfully, the japanese electronics large has Tesla’s lower back. Panasonic […]

  • NEWS
    Flipkart secures a credit line of over Rs450 crore from HDFC Bank; Amazon’s localization of mobile tech boosts demand for its app

    Photo: iStock What to watch out for • Capital markets regulator Securities and Exchange Board of India to fast-track market reforms, ease start-up funding. • Amazon’s localization of mobile tech boosts demand for its app. • Flipkart has secured a credit line of over Rs.450 crore from private sector lender HDFC Bank, according to latest […]

  • ALL DEALS
    Venture debt firms see pick up in demand as equity deals slow

    Venture debt firms lend to new economy start-ups which are high-growth companies, asset-light and might have cash burn. Photo: Priyanka Parashar/Mint Mumbai: The slowdown in the availability of equity funding and a downward pressure on valuations in the venture capital ecosystem in the country has emerged as a business opportunity for firms which lend to […]