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Ericsson posts operating profit owing to...
Equipment manufacturer, Ericsson has posted an operating profit of 0.2 billion crowns, compared to a loss of 0.5 billion crowns a year ago. This is mainly owing to increased sales in North America.
Google invests $22 million in KaiOS
KaiOS, which is an operating system for smart feature phones, has received funding worth $22 million from Google. Google and KaiOS have agreed to work together to make the Google Assistant, Google Maps, YouTube, and Google Search available to KaiOS…
Karbonn’s promoter and Gionee India’...
Gionee India’s minority shareholder Arvind R Vohra and Karbonn Mobile’ s promoter Pardeep Jain have partnered to collectively sign a long-term brand licensing deal with China-based Gionee to buy its Indian operations.
Temasek acquires minority stake in UST G...
Singapore-based Temasek has acquired a minority stake in UST Global and is the first institutional investor of the digital technology solutions provider. This investment has strengthened the market position of UST Global. 
Airtel Payments Bank gets barred from si...
The Reserve Bank of India (RBI) has asked Airtel Payments Bank to stop registrations of new customers. Earlier, the RBI had issued a Rs 50 million penalty for violating operating guidelines and Know Your Customer (KYC) norms.
Reliance Jio signs $1 billion loan facil...
Reliance Jio Infocomm Limited (RJIL), on June 22, 2018, signed a $1 billion long-term loan facility with Korea Trade Insurance Corporation, K-SURE. The facility will be used to finance goods and services procured mainly from Samsung Electronics and Ace Technologies…
 
 
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