Labeling a ten minute sale as the "biggest smartphone sale in the history" of India, Chinese electronics maker Xiaomi claims to have sold 250,000 of its Redmi Note 4 handsets in 10 minutes in the country – one of the fastest growing markets for smarphones in the world.   After it faced a...

In an effort to to find out ways and means to gain avenues of growth beyond its core networking business, Cisco Systems Inc has announced its largest deals of recent years  - as the company has agreed to buy out U.S. business software company AppDynamics Inc for about $3.7 billion.   In...

Allaying some investor concerns that the deal might collapse, Yahoo Inc said that in the second quarter, the sale of its core internet business to Verizon Communications Inc should be completed. The company said this as it reported a better-than-expected quarterly profit and revenue.   The...

Days after the U.S. government accused the chip maker of resorting to anticompetitive tactics to maintain a monopoly over key semiconductors in mobile phones, Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc.   For "modem" chips that connect phones to wireless networks,...

As Samsung Electronics Co Ltd pledged to enhance product safety following an investigation into the cause of fires in its premium Note 7 devices, it indicated that its latest flagship Galaxy S smartphone could be delayed.    faulty batteries from two suppliers were to blame for a...

In a bid to dull the blow from a looming multi-billion-dollar writedown on a U.S. nuclear acquisition, Toshiba Corp is looking to sell a minority stake in its core semiconductor business to Western Digital Corp, a source was quoted in the media as saying.   Last month by announcing cost...

In relation to the sale of toxic mortgage securities in the run-up to the 2008 financial crisis, $7.2 billion settlement with the U.S. Department of Justice has been finalized by Deutsche Bank, the government agency announced recently.   The department said in a statement that with relation...

As part of a $200 million effort to revitalize the company's shrinking profits with cutting edge technology, Chinese search engine Baidu Inc has launched an augmented reality (AR) lab in Beijing.   While the lab would later explore healthcare and education, to start off, it would initially...

Through a series of payments totaling 671 million pounds ($809 million), British engineering group Rolls-Royce Plc intends to bring to an end and settle cases of alleged bribery and corruption involving intermediaries with settlements with authorities in Britain, the United States and Brazil, the...

As Iridium Communications hailed SpaceX's first lift-off since an explosion last fall, the former said that SpaceX's successful launch of 10 satellites for Iridium Communications marks the beginning of one of the biggest "tech refreshes" in history.   Delivering the satellites into low-Earth...

In the course of the past two decades, it was usually clear, between planemakers Airbus and Boeing, who had bragging rights in the fiercely competitive $120 billion annual jet market and the planemakers ave traded the crown in the annual orders race.   And this week beating Boeing's tally of...