VMware posts $3.2 bn in revenue in Q3 amid acquisition by Broadcom

San Francisco (IANS) Enterprise Cloud services provider VMware, in the process of being acquired by chipmaker Broadcom in a $61.2 billion deal, has posted $3.21 billion in revenue for the third quarter -- an increase of 1 per cent from the third quarter…

Tata Consumer to acquire Bisleri for around Rs 7,000 crore: Report

New Delhi (IANS) Ramesh Chauhan is divesting Bisleri International to Tata Consumer Products Ltd (TCPL) for an estimated Rs 6,000-7,000 crore, The Economic Times reported.

The current management will continue for two years as part of the deal.…

India's growth could slow down next year: Moody's

New Delhi (IANS) Global ratings agency Moody's Analytics in a report titled "Asia Pacific (APAC) Outlook: A Coming Downshift", which released on Thursday, has said that India is looking at a slower growth next year.

However, at the same…

ITC Hotels signs Welcomhotel Belagavi

New Delhi (IANS) ITC Hotels recently signed Welcomhotel by ITC Hotels, Belagavi under a management contract with Jolle Hospitality Group.

Welcomhotel Belagavi will offer 116 spacious rooms, along with about 1,200 square metres of banquet space,…

India clocks 129 deals at $2.1 bn in Oct, 77% YoY decline in value

New Delhi (IANS) India clocked 129 deals valued at $2.1 billion in the month of October, a 42 per cent fall in volumes and a significant 77 per cent decline in values as compared to October last year, a report showed on Tuesday.

When compared…

Companies discussing labour shortage up by 28% in 2022: Report

New Delhi (IANS) The number of companies mentioning labour shortage in their quarterly earnings filings globally increased by 28 per cent in 2022 compared to 2021, a new report showed on Monday.

This shows a continuous uptrend that was witnessed…

CCI order in Google case may have financial implications for local developers

New Delhi (IANS) The recent order by the Competition Commission of India (CCI) in the Google case may appear developer friendly but in practice, it may have a practical and financial impact on the developers, especially the startups, legal experts…

Govt to issue guidelines to curb fake online reviews on Monday

New Delhi (IANS) Aiming to guard consumers from fake online reviews of products, the government will issue guidelines on Monday under which a penalty ranging from Rs 10 lakh to Rs 50 lakh could be imposed on e-commerce companies if they are found…

Finance Minister to begin pre-budget consultations from Monday

New Delhi (IANS) Finance Minister Nirmala Sitharaman will begin pre-budget consultations with different stakeholder groups from Monday.

On Monday, she will hold consultations with the industry captains and experts on infrastructure and climate…

Crunching Numbers: 12 PSBs end Sept quarter notching up Rs 25K+ cr net profit

New Delhi (IANS) It looks like sunshine days for the Indian banking sector after having struggled with a seemingly never-ending gloom of rising non-performing assets (NPAs) and the Covid-19 pandemic, which hit their profits hard.

The September…