Business News

APK July 27, 2016

Although it added three million users — one million more that what analysts had expected — the not-so-promising second quarter earnings results led to the shares of micro-blogging website Twitter tumbling on Tuesday which wiped out nearly 10 per cent from its share price in after-market trading. The company posted quarterly revenue of $602 million, […]

APK July 27, 2016

India has lost its arbitration case in an international tribunal against Bengaluru-based Devas Multimedia Private Ltd for cancelling its space/satellite contract with the government-owned Antrix Corporation, Devas said on Tuesday. The government said that the order is being examined and “legal recourse will be taken” regarding the arbitration case. In a statement, Devas said: “A Permanent […]