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Microsoft sells Nokia branding rights to HMD Global, Foxconn
Microsoft acquired Nokia's device business for $7.2 billion and the deal was closed in April 2014. US technology major Microsoft, the owner of Nokia's mobile device business, has......
Sensex drops 371 points to end at 1-week low; financial shares drag
Benchmark indices ended lower by over 1%, amid weakness in Asian peers, with financials shares contributing the most to the decline. Depreciating rupee and rise in crude oil prices further......
Alibaba gets CCI nod for acquiring 4.14% in Snapdeal
Chinese e-commerce giant Alibaba has received anti-trust regulator CCI's approval for buying 4.14 per cent stake in Snapdeal. A leading online marketplace, Snapdeal has been raising funds from......
The truth behind Foxconn's big promises
Analysts say it is a case of over-promise and under-delivery. It was Vietnam in 2007, Brazil in 2009, Indonesia in 2012, and now, India. Foxconn, the world's largest contract manufacturer of......
What prompted iPhone maker Foxconn to enter India again
Six months after it closed its factory in Chennai, the company has promised to set up 10-12 plants and employ 1 million workers in India by 2020. But this time round, it is treading cautiously. In......
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