Strategy Analytic reported that Samsung already took Apple's place as the world's most profitable smartphone firm.
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Thales Group to sign RM380 million deal with KTMB
The Thales Group announced that they are set to ink the deal with Malaysia's Keretapi Tanah Melayu Bhd (KTMB) tagged at RM380 million.
Blackstone sees lesser opportunities in India
A Blackstone executive said it had found fewer opportunities to invest in India after seeing public governance issues.
Old Mutual launches new fund
Old Mutual Investment Group announced that it had launched a new private equity fund which is to be invested in private equity funds in South Africa.
Private equity firms zero in on Aman Resorts after talks between DLF and Zecha breaks down
DLF announced that it is entertaining private equity firms after ending the talks to sell Aman Resorts with Zecha.
Latest News
Facebook would make its capital investments worth US$1.6 billion in 2013 to capitalize on the number of its users and its mobile advertising base.
According to several analysts, the mobile ad boom of Facebook would provide an excellent model for other social networking sites.
The users of Instagram complained about a hack that posted photos of smoothies and fruits to their accounts.
Baidu Inc jumped since Facebook boosted the outlook for social media companies. Baidu Inc led the rally in Chinese equities exchanged in New York. The company said that it gained more profits after Facebook outdid the estimates of analysts.
Japan's Renesas Electronics Corp would close its system LSI chip plant due to the decreasing popularity of game consoles.
Mark Zuckerberg, co-founder and CEO of Facebook said that he plans to earn from Instagram through advertisements.
Samsung appointed a new African CEO and boosted capital spending. There were several notable events in Samsung recently. One of which was appointing a new CEO for Africa.
The US FTC updated its 2012 advertising guidelines and sent a letter warning Google, Yahoo, Microsoft, and other internet search companies to follow or be fined.
Peter Loescher, the first outsider to lead the company will be leaving Siemens soon. Peter Loescher, chief executive of Siemens and the first outsider to lead the company, will be leaving the company four years ahead of his end of contract.
