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Monthly Archives: July 2020

Wipro chosen as strategic partner to drive IT transformation at Metro Bank

As part of this partnership, Wipro said in a statement it will leverage its digital and quality engineering capabilities to drive transformation through automation, service virtualisation and DevSecOps enablement

Posted byJuly 31, 2020Posted inAudio

Apple reports unexpected earnings amid COVID-19, market shrugs off iPhone delays

Apple Chief Financial Officer Luca Maestri also confirmed supply chain rumblings that the new lineup of iPhones, usually released in late September, would face delays of a few weeks

Posted byJuly 31, 2020Posted inAudio

‘Coronavirus vaccine progressing well, got good data,’ says AstraZeneca

AstraZeneca has already reached deals with countries to make more than 2 billion doses of its COVID-19 vaccine, developed in partnership with the University of Oxford, and says it could be approved by the end of this year

Posted byJuly 31, 2020Posted inAudio

SBI share price gains nearly 3% ahead of Q1 earnings

SBI share hit intra day high of Rs 191.55, a rise of 2.68% on BSE

Posted byJuly 31, 2020Posted inAudio

Huawei tops Samsung as biggest smartphone seller despite US govt sanctions

Huawei still faces U.S. government sanctions restricting its international business, but it has come to dominate its domestic Chinese market, said Canalys, which estimated that the company’s shipments in China rose 8 per cent in the April-June period

Posted byJuly 31, 2020Posted inAudio

Amazon takes on Tesla; to invest $10 billion in satellite broadband plan

The announcement follows the Federal Communications Commission’s approval of the plan, called “Project Kuiper”, for the constellation of low-Earth orbit (LEO) satellites that will compete with the Starlink network being built out by Elon Musk’s SpaceX

Posted byJuly 31, 2020Posted inAudio

Competition watchdog approves Adani Power’s 49% stake buy in Odisha Power Generation Corp

In June, Adani Power announced acquiring US-based The AES Corporation’s 49 per cent stake in OPGC for USD 135 million (around Rs 1,019 crore)

Posted byJuly 30, 2020Posted inAudio

Karur Vysya Bank Q1 net profit shoots up 45% to Rs 105.5 crore as bad loans slump

The private bank bank had posted a net profit of Rs 72.92 crore in the corresponding quarter of previous fiscal year ended March 2020

Posted byJuly 30, 2020Posted inAudio

Reliance Q1 results: O2C business revenue plunges 33% to Rs 25,192 crore; topline from oil & gas dips 45%

O2C business, which is set to be split as a separate division, saw revenue declining by 33 per cent YoY to Rs 25,192 crore, due to lower price realisations with disruptions in local and regional markets amid the COVID-19 outbreak

Posted byJuly 30, 2020Posted inAudio

IndiGo blames COVID-19 and government for poor Q1 performance

IndiGo has daily cash burn of Rs 30 crore on the fixed costs side with variable costs on top of it. Low capacities are unable to cover the airline’s higher costs. If persists, the airline might have to take some harsh decisions

Posted byJuly 30, 2020Posted inAudio

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