Tag Archives: quarter

Finance Ministry tightens purse strings for January-March quarter

The finance ministry has cut the amount various ministries and department can spend in the last quarter to a maximum of 25% of their budget estimate for the entire financial year, citing fiscal situation. The earlier limit for the last quarter spending was 33%. Also, within the 25% cap on spending for January-March, only a maximum of 10% of the total budget ... Read More »

Comio to Start India R&D Operations Next Quarter

Chinese handset maker Comio Monday said it will start a research and development centre in the country that will work on bringing in features for the Indian market in the January-March 2017 quarter. The company has also commenced local assembly of smartphones in the country with partners V-Sun and Hipad Technology. “We are in the process of setting up our R&D centre, ... Read More »

Audi A3 facelift launch this quarter

Audi A3 is the entry-level sedan in the Audi scheme of things for India. The sedan had undergone a facelift internationally in 2016 and is all set to arrive in India soon. Internationally available in four body styles, the India-bound A3 sedan comes with cosmetic updates as well as a revised powertrain in the first quarter of 2017. Audi’s bespoke ... Read More »

Lexus to make India debut by end of first quarter in 2017

Lexus, a popular name in the international market, has been eyeing the Indian market for a while now. The automaker will officially enter the Indian market by end of first quarter in 2017. The automaker plans on inaugurating 4 dealerships in the country – 2 in Delhi and one each in Mumbai and Bengaluru. The automaker plans on marking its ... Read More »

Fuel cost expected to rise by 5 – 8 percent in first quarter of 2017

Motorist in the country enjoyed frequent drop in petrol and diesel prices this year, as benefits of surplus oil supply were being passed on to consumers. However, in efforts to avoid further drop in prices, the Organization of the Petroleum Exporting Countries (OPEC) has decided to cut down production with an aim to raise prices. This will mean that around ... Read More »

Microsoft only sold around 1.2 million Lumia phones in the April to June quarter

Although Microsoft hasn’t revealed how many Lumia smartphones it sold in the second quarter of this year through its regular quarterly financial results, the company has an SEC filing out today that clears that up. In the document, Microsoft mentions that in its fiscal year 2016 (which started on July 1, 2015, and ended on June 30 this year), it ... Read More »

Asian Paints shares hit record high after stellar June quarter results

Shares of Asian Paints jumped over 8 per cent to a record high in trade on Thursday after India’s largest paint maker reported an 18.46 per cent increase in consolidated net profit at Rs 552.56 crore in the June quarter. The stock hit an intraday high of Rs 1152.65, up 8.55 per cent, its biggest intraday percent gain since September ... Read More »

V10 successor arriving this quarter, LG confirms

LG has confirmed that a new V series smartphone will be launched sometime this quarter. While the South Korean company didn’t reveal the device’s name, it’s reasonable to expect that the handset in question is the successor to last year’s V10. LG V10 The time frame revealed by LG is inline with a recent report that said the phone – ... Read More »

Cramer: Home Depot’s quarter was amazing

Home Depot’s latest quarterly results have competitors in awe, CNBC’sJim Cramer said Tuesday. The home improvement giant and Dow component posted better-than-expected fiscal fourth-quarter earnings and revenue, as U.S. same-store sales rose 8.9 percent. “This is the kind of quarter where you just think it’s not possible. I looked at this quarter, I said 8.9? … There must be something ... Read More »

Microsoft sold only 4.5 million Lumia phones last quarter

Only 4.5 million Lumia phones were sold by Microsoft in the last quarter of 2015, according to the company’s just released Q2 fiscal 2016 earnings report. That’s down from the 10.5 million figure reported in the same quarter the year prior. This translates into a drop of around 50% compared to the last quarter of 2014. Considering the latest IDC ... Read More »