China Mobile sees 5.6% rise in profit in H1

China Mobile, the country’s largest telecom operator, said today that its profits rose 5.6% year on year in the first half this year amounting to $9.1 billion due to strong growth in

Infosys stock tanks 10% post Q1 results

Infosys shares lost as much as 10% after the company reported a 13% jump in consolidated net profit of Rs 3,436 crore for the quarter ended June. Analysts had estimated the company

Rocket Internet cuts losses by 23%in Q1

The major startups of international e-commerce investor Rocket Internet managed to reduce their losses in the first quarter, the German company said on Tuesday, although revenue growth slowed and even went into

RIL May Roll Out Its 4G Network By August

Market research firm, Morgan Stanley has predicted that Reliance Industries Limited (RIL) may roll out its 4G services in the next three months. The research firm also estimates that RIL may eye

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