Intel’s Quarterly Revenue Tops Expectations as Investors Await New CEO
As Intel undergoes a historic transition and attempts to emerge from one of its bleakest periods, its December quarter results have beat analysts’ low expectations. Shares of the Santa Clara, California-based company climbed 3.8 percent in after-hours trading. Last year, Intel’s shares lost about 60 percent.
Reliance Jio IPO Said to Launch in 2025, Retail Unit Listing Slated for Much Later
Mukesh Ambani targets a 2025 Mumbai listing for his telecom business Jio, valued by analysts at over $100 billion (roughly Rs. 8,41,090 crore). Reliance Industries’ boss Ambani hasn’t updated his IPO timelines after saying in 2019 that Reliance Jio and Reliance Retail would “move towards” a listing within five years.
Samsung Electronics Says It Is Not Interested in Spinning Off Foundry Business
Samsung chairperson Jay Y. Lee has said that the company is not looking to spin off its businesses of contract chip manufacturing and logic chip designing operation. Analysts say the two businesses are incurring billions of dollars of annual losses due to weak demand and have been dragging down Samsung’s overall performance.
Apple’s iPhone Sales Target Billions Below Wall Street Expectations as China Business Suffers
Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion (roughly Rs. 49,714 crore) below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts’ targets, powered by iPhone growth, sending Apple shares down 3 percent in after-ho…
Budget 2024: What To Expect From This Year’s Budget
Ahead of the Union Budget 2024, experts and analysts have come up with different predictions on the government’s move on fiscal deficit, taxation and the spending on welfare schemes. As several global financial services firms have predicted