It has been reported that the long awaited redesigned version of Apple TV set top streaming box is finally ready to be launched in September.

Speaking of the newly added features, on the hardware side, Apple is said to have slimmed down the Apple TV itself, and the Apple TV remote is also getting re-stylized featuring a new haptic touch pad. It sounds like Apple is also updating the Apple TV’s processor to one of its A8 chips, and it’s also adding more RAM for a speed boost.

The country’s biggest engineering and construction firm Larsen & Toubro (L&T) on Friday missed analysts’ estimate by posting a consolidated net profit at Rs 606.2 crore for the April-June quarter, a 37.3% decline over the same period last fiscal, with the company stating that the short-term business environment continues to remain challenging.

Consolidated net sales grew 6.7% to Rs 20,250 crore, which was in line with estimates. Of this, Rs 6,609 crore came from jobs being executed overseas, constituting 32% of the total revenues.

Yahoo is buying style-tip specialist Polyvore in its latest attempt to become a more fashionable place to advertise.

Financial terms of the deal announced yesterday aren't being disclosed, signaling the price of the acquisition isn't considered to be significant.

ICICI Bank, the country's largest private sector lender, reported a 14 per cent increase in net profit for the June quarter on a consolidated level, aided by higher net interest income. Net profit increased to Rs 3,232 crore in the April-June quarter from Rs 2,832 crore in the corresponding quarter a year ago.

In the same period, on a standalone level, net profit increased by 12 per cent to Rs 2,976 crore from Rs 2,655 crore in the quarter ended June a year ago. Net interest income, the difference between interest earned and interest expended, increased 14 per cent to Rs 5,115 crore in the first quarter of financial year 2016, compared with Rs 4,492 crore a year ago.

Engineering and Infrastructure major L&T's net for Q1 was down by 37% to Rs 606 crore against Rs 967 crore for the corresponding period last year.

Consolidated gross revenue registered a 7% growth as it rose to Rs 20,460 crore against Rs 18,970 crore.

Bengaluru: One mid-summer day last year, Vishal Sikka, then recently named as the first non-founder chief executive officer (CEO) of Infosys Ltd, met with some senior executives of the company at a guest house in Hauz Khas in South Delhi.

Sikka, now 48, had a question for the group, which included then CEO S.D. Shibulal.

London: Oil prices fell on Friday as concern over global oversupply intensified after the head of oil producers’ cartel Opec indicated there would be no cuts in production despite a huge global oversupply.

Benchmark North Sea Brent crude headed for its fifth consecutive weekly fall after comments on Thursday in Moscow by Abdullah al-Badri, secretary-general of the Organization of the Petroleum Exporting Countries (Opec).

Caller ID app, Truecaller which now has 150 million users is raising around $100 million at a $1 billion valuation that is expected to be lead by previous and new investors. Till date, the company has raised around $80 million. It is backed by Atomico, Kleiner Perkins Caufield & Byers, Sequoia Capital, Access Partners and Open Ocean. In its latest round, the firm secured $60 million series C round at a valuation of USD 300 million led by Atomico, Kleiner Perkins Caufield & Byers (KPCB) and Sequoia Capital

This move will put Aliyun in direct competition with the successful Amazon Web Services.

Commenting on the matter, Alibaba Group Chief Executive Officer Daniel Zhang stated, “This $1 billion investment is just the beginning; our hope is for Aliyun to continually empower customers and partners with new capabilities, and help companies upgrade their basic infrastructure.”

Within a couple of years of its entry in India, the country has become the largest market outside the US for the San Francisco-headquartered taxi aggregator.

Amit Jain, president of Uber India, is of the opinion that India is a an extremely fertile market for Uber. “We’re committing an additional $1 billion to India in the next six to nine months, so that we can expand and improve our operations, grow into newer cities, develop new products as well as payment solutions, and establish a great support network,” he stated.

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