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20 July, 2018 4:37 PM Microsoft's annual revenue crosses $100 billion for first time

Technology giant Microsoft, for the first time in the company’s history, has crossed the $100 billion-mark in annual revenue for FY 18 ended June 28. According to a ZDNet report, the biggest contributor to the milestone in income generation was Microsoft's cloud service, which includes Azure, Office 365 and Dynamics 365. Together with Windows 40

20 July, 2018 8:06 AM HDFC Life Insurance Q1 net profit rises 20.2% YoY to Rs 380 crore

The company's total premium income came in at Rs 5,060 crore for the quarter under review, 37 percent higher than in the June quarter last year Private life insurer HDFC Life Insurance posted a 20.2 percent year-on-year rise in its net profit for the June quarter to Rs 380.18 crore on the back of healthy growth in premium income. The life insurance company 31

20 July, 2018 8:00 AM Volkswagen CEO Herbert Diess Pushes For Margin Improvements

Volkswagen Group's new chief executive Herbert Diess is pushing for faster margin improvements at its main Porsche, Audi and VW brands. Volkswagen Group's new chief executive Herbert Diess is pushing for faster margin improvements at its main Porsche, Audi and VW brands, German monthly Manager Magazin said. Diess is not satisfied with progress at Audi and wants 43

19 July, 2018 12:35 PM Maruti Suzuki Introduces Ecstar Engine Oil Range For Arena Workshops

Country's largest car manufacturer, Maruti Suzuki India has introduced the Ecstar brand of lubricants, coolants and car care products for all Maruti Suzuki Arena workshops in India. Moreover, the company has also introduced a new range of engine oil 0W16 for its cars, which helps reduce friction in the car leading to improved fuel efficiency and also helps 37

19 July, 2018 8:05 AM Apple Sees Siri's Last Remaining Co-Founder Tom Gruber, Head of Search Vipul Ved Prakash Depart

Apple's Head of Siri's Advanced Development Group, Tom Gruber, as well as its Head of Search, Vipul Ved Prakash, have quit the company which is reportedly said to be reshuffling its Siri team. According to a report in The Information on Thursday, Apple has confirmed both the departures. One of the original Siri co-founders, Gruber "will be pursuing personal 39

18 July, 2018 11:30 AM Tata Capital appoints Anil Kaul as Managing Director

Tata Capital Housing Finance has appointed Anil Kaul as the Managing Director of the company. Kaul took over the charge from R Vaithianathan with effect from July 18, 2018, Tata Capital said in a statement today. Kaul holds an MBA degree in finance from the University of Lucknow. With over 20 years of experience in the financial sector, he has held senior 56

18 July, 2018 10:11 AM NIIT Tech Q1 revenue rises 4.6% sequentially, Operating profit fell 7.8%

NIIT Technologies said revenue for the quarter grew 4.6 percent sequentially to Rs 824.9 crore helped by strong growth in three of its largest verticals. “This strong performance came on the back of growth across all three of our major verticals," said Sudhir Singh, Chief Executive Officer, NIIT Technologies. The revenue in its insurance vertical 38

17 July, 2018 5:12 PM IMFA Jun Q1 net profit falls 71% to Rs 28 cr

Indian Metals and Ferro Alloys (IMFA) today said its net profit fell by 71 per cent to Rs 28.74 crore during the first quarter ended June 30. The company had clocked a net profit of Rs 99.92 crore in the same period a year ago. Its revenue also fell to Rs 412.53 crore in the first quarter from Rs 426.31 crore in the corresponding period of the previous 38

17 July, 2018 5:02 PM RBI approves appointment of Girish Chandra Chaturvedi as ICICI Bank non-exec chairman

ICICI Bank said RBI has approved the appointment of Girish Chandra Chaturvedi as non-executive (part time) Chairman of the bank till June 30, 2021. The private lender had appointed the former petroleum secretary as the company's non-executive chairman on June 29. "We wish to inform you that RBI ..has approved the appointment of Girish Chandra Chaturvedi 30

17 July, 2018 9:10 AM Hyundai to hike prices of Grand i10 from August

Hyundai Motor India (HMIL) today said it will increase the price of its hatchback Grand i10 by up to 3 per cent from August. The company, which has not changed prices of its other models, said the price hike is due to increase in input and material costs. "The revised prices will be implemented from August 2018," HMIL said in a statement 40