Post-Brexit period and the uncertainties of the U.S. elections cast its ominous shadow on Infosys’ revenue growth targets. It is now the second time within a period of three months that Infosys Limited, the “second-largest software services exporter” of India, have lowered its “fiscal-year revenue...

Soaking up a $2.3 billion hit from ditching its flagship smartphone in what could be one of the costliest product safety failures in tech history, Samsung Electronics Co slashed its quarterly profit estimate by a third.   The world's top smartphone maker said it expects its July-September...

Oil industry executives are concerned the sharp drop in investment that followed the oil price crash could lead to another crisis - a supply shortage even while OPEC and other big crude producers work toward a deal to cap production to erode a glut.   After companies slashed budgets due to...

Shares of Apple have updated yearly high after the company’s main competitor in the smartphone market, Samsung Electronics corporation, announced termination of production and sales of the flagship model Galaxy Note 7. After start of trading on the Nasdaq on Monday, October 10, price of one Apple’s...

Real estate market in major metropolitan areas such as New York and San Francisco is sinking down, the US media mentioned several times. Volume of proposals of apartments in New York fell by 20% in the III quarter compared with the same period last year. This is linked the fact that buyers are...

Dealing a further setback for Samsung Electronics Co Ltd in the midst of its worst ever phone recall crisis, the tech giant has suspended production of its Galaxy Note 7 smartphones following reports of fires in replacement devices, South Korean media reported on Monday.   Yonhap News Agency...

Steven Spielberg's Amblin Partners and Alibaba Pictures Group Ltd will co-produce and finance films for global and Chinese audiences. The two companies said this over the weekend.   Alibaba Pictures Group Ltd is the film unit of Chinese billionaire Jack Ma's Alibaba Group Holding Ltd....

Saying Germany's biggest lender needed to reform its business model and rapidly reach a deal with U.S. regulators over a potentially huge fine, IMF chief Christine Lagarde gave Deutsche Bank some tough advice on Thursday.   While sources said Germany's financial watchdog had found no...

IBM invests more than $ 200 million in opening of a new global headquarters for a business unit called Watson Internet of Things (IoT) in Munich. Watson IoT develops new IoT solutions for blockchain and security technologies. In addition, IBM named a number of customers and partners that would...