Wednesday 05th October 2022,
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Microsoft’s Surface sales near $2 billion, but its Azure cloud business is growing faster

Microsoft’s Surface sales near $2 billion, but its Azure cloud business is growing faster

Cloud, cloud, cloud, followed by Office, gaming, Surface and then Windows: By now, Microsoft has laid out its priorities, and the financial results Microsoft reported Wednesday afternoon reflected this. For consumers, the high point of Microsoft’s fourth-quarter calendar 2019 results was the fact that Microsoft reported $1.98 billion in Surface sales alone—almost, but not quite, [...]

April 30, 2022 Loknath Das Technology Comments Off on Microsoft’s Surface sales near $2 billion, but its Azure cloud business is growing faster

Richard Branson suspends $1 billion Virgin investment talks with Saudi Arabia over missing journalist

Richard Branson suspends $1 billion Virgin investment talks with Saudi Arabia over missing journalist

Virgin Group founder Richard Branson suspended discussions with Saudia Arabia about a proposed $1 billion investment in Virgin’s space companies following allegations that journalist Jamal Khashoggi was murdered in the country’s consulate in Istanbul. “What has reportedly happened in Turkey around the disappearance of journalist Jamal Khashoggi, if proved true, would clearly change the ability [...]

October 12, 2018 Loknath Das Business, News Comments Off on Richard Branson suspends $1 billion Virgin investment talks with Saudi Arabia over missing journalist

A $1 billion Gates Foundation-backed education initiative failed to help students – here’s how the foundation’s next $450 million project will look

A $1 billion Gates Foundation-backed education initiative failed to help students – here’s how the foundation’s next $450 million project will look

In 2009, the Bill and Melinda Gates Foundation launched an ambitious project to improve teacher effectiveness among certain primary and secondary schools in California, Florida, Tennessee, and Pennsylvania. The goal was to reform teacher evaluations. More effective teachers, the foundation predicted, would improve student achievement, raise graduation rates, and help low-income and minority students get into college. [...]

October 9, 2018 Loknath Das Education Comments Off on A $1 billion Gates Foundation-backed education initiative failed to help students – here’s how the foundation’s next $450 million project will look

Broadcom Offers to Buy Mobile Chipmaker Qualcomm for $103 Billion

Broadcom Offers to Buy Mobile Chipmaker Qualcomm for $103 Billion

Communications chipmaker Broadcom Ltd on Monday said it offered to buy smartphone chip supplier Qualcomm Inc for $70 per share or $103 billion (roughly Rs. 6,66,116 crores) in cash and stock, in what would be the biggest technology acquisition ever. A tie-up would combine two of the largest makers of wireless communications chips for mobile phones and raise the stakes for Intel [...]

December 16, 2017 Loknath Das Technology Comments Off on Broadcom Offers to Buy Mobile Chipmaker Qualcomm for $103 Billion

India Poised To Unlock $9 Billion For Investing In Roads, Power

India Poised To Unlock $9 Billion For Investing In Roads, Power

  A decade-long wait by India’s cash-hungry real estate and infrastructure developers may finally be nearing an end. Birla Sun Life Asset Management Co. estimates that real estate and infrastructure trusts will raise as much as 600 billion rupees ($9 billion) this year as India rolls out the much-anticipated investment products mooted in 2007. Sterlite [...]

March 8, 2017 Loknath Das Real Estate Comments Off on India Poised To Unlock $9 Billion For Investing In Roads, Power

Indian business fliers’ bills touched US$29.6 billion in 2015: Report

Indian business fliers’ bills touched US$29.6 billion in 2015: Report

Business fliers in India drew a travel bill of US$29.6 billion (Rs2,01,909 crore) in 2015, making it among the world’s top 10 countries in spending on business travel, said a white paper released in Mumbai on Wednesday. While China topped the list followed by the US, Germany, Japan and the UK, India stood tenth, the [...]

January 20, 2017 Saheli Business Comments Off on Indian business fliers’ bills touched US$29.6 billion in 2015: Report

Security News This Week: Hey, Remember That Time Hackers Breached a Billion Yahoo Accounts?

Security News This Week: Hey, Remember That Time Hackers Breached a Billion Yahoo Accounts?

GOOD NEWS, BAD news. A security firm says that the US Election Assistance Commission, which exists in part to help keep voting machines secure, was hacked, with 100 login credentials for sale on the black market. The good, or at least better, news is that the hack doesn’t appear to have had any impact on [...]

December 18, 2016 Saheli News Comments Off on Security News This Week: Hey, Remember That Time Hackers Breached a Billion Yahoo Accounts?

GE to sell $3 billion industrial solutions business

GE to sell $3 billion industrial solutions business

General Electric Co (GE.N) said on Wednesday it would sell its $3 billion industrial solutions business, which makes electrical equipment, as part of a push to focus on its core businesses. The industrial conglomerate expects to raise about $4 billion from the sale of the unit as well as the previously announced sale of its [...]

December 15, 2016 Saheli Business Comments Off on GE to sell $3 billion industrial solutions business

Watch humans go from a tiny group in Africa to 7 billion around the world, in 5 minutes

Watch humans go from a tiny group in Africa to 7 billion around the world, in 5 minutes

It’s been a bad week for a lot of Americans. How about an interesting distraction? The video above, from the American Museum of Natural History, shows essentially all of human history in just six minutes. It shows humanity spreading across the world over a few hundred thousand years — even as our population remained under [...]

November 13, 2016 Saheli News Comments Off on Watch humans go from a tiny group in Africa to 7 billion around the world, in 5 minutes

Single’s Day: Alibaba rakes $1 billion under 5 minutes

Single’s Day: Alibaba rakes $1 billion under 5 minutes

BEIJING: Alibaba Group Holding Ltd’s Singles’ Day sales surged past last year’s 91.2 billion yuan ($13.36 billion) total with nearly nine hours left on the clock, but growth was markedly slower than in 2015 as shoppers sought even bigger price cuts. Amid fanfare and celebrity razzmatazz, sales on Alibaba’s platforms had raced to a billion [...]

November 12, 2016 Saheli Business Comments Off on Single’s Day: Alibaba rakes $1 billion under 5 minutes

AT&T buying HBO and CNN owner Time Warner for $85.4 billion

AT&T buying HBO and CNN owner Time Warner for $85.4 billion

Grab some popcorn—AT&T wants to take you to the movies. AT&T is buying Time Warner, the owner of the Warner Bros. movie studio as well as HBO and CNN, for $85.4 billion in a deal that could shake up the media landscape. The acquisition would combine a telecom giant that owns a leading cellphone business, [...]

October 24, 2016 Saheli Technology Comments Off on AT&T buying HBO and CNN owner Time Warner for $85.4 billion

Duke Energy completes exit of international business in deals valued at $2.4 billion

Duke Energy completes exit of international business in deals valued at $2.4 billion

Duke Energy announced it has reached an agreement to sell its international businesses in Peru, Chile, Ecuador, Guatemala, El Salvador and Argentina to I Squared Capital for approximately $1.2 billion enterprise value (cash and the assumption of debt). This represents the full remainder of the Latin American businesses Duke Energy is exiting. The after-tax proceeds [...]

October 12, 2016 Saheli Business Comments Off on Duke Energy completes exit of international business in deals valued at $2.4 billion