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Reports stated after riding on its growing Intelligent Cloud portfolio and early investments in Intelligent Edge, Microsoft has surpassed $100 billion in revenue for the first time in fiscal year 2018. Meanwhile for the fourth quarter that ended on June 30, the tech giant reported revenue of $30.1 billion and net income of $8.9 billion. Accordingly revenue has increased 17% year over year, and net income is up 35%.
Hyderabad sources stated that after Hyderabad, Warangal is emerging as the new destination for IT investments in Telangana. Accordingly the information Technology Minister KT Ramarao is leaving no leaf unturned to promote Warangal as the next happening investment destination in Telangana.
Presently Ola and Uber ride hailing cab companies’ rivalry to go one notch higher as Ola is set to raise another massive round of funding to the tune of $1 billion from Temasek, the Singapore based sovereign wealth fund and there are possibly other investors as well. Meanwhile these investments will be partly through secondary sale of shares plus other direct routes.
According to sources new and bulk investments to India and the youngest state of this nation Telangana are inline. Presently that PM Modi led govt has approved 100% FDI in single brand retail; foreign businessmen are looking forward to make major investments in Telangana state. Previously an Abu Dhabi-based liability company
The government has allowed investment of about 49% on Air India, ahead of the union budget 2018-19. Relaxations are also made on FDI on medical devices and firms receiving foreign investments. As a major move that will ease foreign investments, the government has approved 100 percent FDI through automatic routing, which will be heavily useful.
Hyderabad sources have reported that just a few more days are left to bid adieu to 2017 and we are all set to welcome another rollicking year. Meanwhile many are out there to celebrate the New Year’s Eve bash, this also brings to mind resolutions made by many celebrities.
Thiruvananthapuram sources have made a statement that the national policy on marine fisheries notified by the Central government on April 28 has recommended a major push for private investments in deep-sea fishing, eliciting serious concerns among fishermen communities who see it as a backdoor entry for foreign players and the policy declares the government’s intention to rescind the Letter of Permit (LoP) scheme allowing foreign vessels to operate in Indian waters.
Naga Chaitanya Akkineni might be happy as he got green signal for his Love life. But on the professional front, he must be so disappointed as his last release 'PREMAM' tanked so bad at Box-Office. Despite a good opening, Positive word of mouth, the movie struggles to get back the investments.
Sunil Singhania, CIO for equity investments at Reliance Mutual Fund, in an exclusive interaction with NDTV Profit says earnings of Nifty companies have not picked up but he expects as the India's GDP will grow towards $4 trillion in coming few years.
AP CM Chandra Babu Naidu recently visited China to get investments for the state. However speculation is increasing that this didnot cut ice with his alliance partner BJP which is ruling the country.
It is known that China is always adopting anti India stand and recently didnot support India's terrorism stand against Pakistan. Apart form it, China is the only country which recently opposed India's entry
