Industry News

Accenture announced on Tuesday the acquisition of MOBGEN, an end-to-end digital services company. Financial details of this acquisition were not disclosed. MOBGEN, which has over 160 employees, develops holistic solutions with a focus on the user experience, for both mobile devices and the Internet of Things."/>
Accenture announces acquisition of MOBGEN for undisclosed sum
ON Semiconductor Corporation plans to announce its financial results for the second quarter, which ended July 1, 2016, before the market opens on Monday, Aug. 8, 2016.. The company will host a conference call at 9 a.m. Eastern Time on Aug. 8, 2016, following the release of its financial results."/>
ON Semiconductor to Announce Second Quarter 2016 Financial Results
Workday, Inc., a leader in enterprise cloud applications for finance and human resources, today announced that customers headquartered across Europe continue to select Workday Recruiting. Built from the ground up and seamlessly unified with Workday Human Capital Management, Workday Recruiting is an end-to-end application that offers customers complete insight into their talent pipeline-- from sourcing to succession-- in one system."/>
European Companies Continue Moving to Workday Recruiting
Wipro Ltd's shares have done remarkably well. As the chart alongside shows, they have matched the returns of peers in the past three years. But note that in the same period, revenue of Wipro's mainstay IT services business has risen at an annual average rate of around 6%, far lower than the 12.1% growth in revenues of the four other largest IT services companies."/>
What's behind the remarkable resilience of Wipro shares? [Mint, New Delhi]
Netflix Inc. S&P 500 at 2,163 points is down 0.14%."/>
Opening Bell: Asian markets open lower; Wipro, FTIL in news [Mint, New Delhi]
SouFun Holdings Limited, the leading real estate Internet portal in China, today announced that it had filed its annual report on Form 20- F for the year ended December 31, 2015 with the U.S. Securities and Exchange Commission on May 17, 2016. The annual report on Form 20- F, which contains the Company's audited financial statements, can be accessed on the SEC's website at as well as via the Company's investor relations website..."/>
SouFun Filed 2015 Annual Report on Form 20-F
EchoStar Corporation today announced that its subsidiary, Hughes Satellite Systems Corporation, plans to offer, subject to market and other conditions, up to $1 billion in aggregate principal amount of senior secured and unsecured debt securities. The net proceeds of the offering are intended to be used for capital expenditures, working capital and other general corporate purposes. The securities offered in the Notes Offering will only be offered and sold..."/>
Hughes Satellite Systems Corporation Announces Debt Offerings
Cray Inc., the global supercomputing leader, introduced today the first commercially available high-speed, supercomputing threat analytics service, Cyber Reconnaissance and Analytics. The subscription-based offering is designed to help organizations effectively discover, understand and take action to defend against cyber adversaries. The threat intelligence reports generated through..."/>
Deloitte Advisory Cyber Risk Services and Cray Offer Advanced Cyber Reconnaissance and Analytics Services
SAP SE today announced its financial results for the second quarter and half year ended June 30, 2016.. "Our groundbreaking new architecture is accelerating momentum across all businesses– cloud, core, and business networks. As a result, SAP delivered a unique trifecta of double digit growth in software, cloud and operating income."/>
SAP Q2 2016: Record-Setting Revenue and Profit
Ricoh India, the Japanese firm said in a statement on Tuesday. The existing shares of the promoters of Ricoh India would be cancelled without reduction in capital and the Indian unit will be simultaneously capitalized..."/>
Ricoh to infuse Rs1,123 crore into fraud-hit India unit [Mint, New Delhi]
Terrapin 3 Acquisition Corp. in a multi-phased transaction that assigned it an enterprise value of $218 million. The transaction provided a partial exit to a clutch of venture capital investors, including Norwest Venture Partners, Reliance Venture Asset Management Ltd, IDG Ventures, Valiant Capital, Vertex Ventures and Intel Capital that have invested in the company over the past 10..."/>
Yatra, CaratLane deals put spotlight back on VC exits [Mint, New Delhi]
UltraTech Cement Ltd expects to complete its acquisition of the Jaypee Group's cement assets in the next 12 months, company chairman Kumar Mangalam Birla told shareholders at the annual general meeting on Tuesday. Birla added that the company will not look at any further acquisitions, but will focus on the Jaiprakash Associates Ltd cement assets acquisition. "No more acquisitions are being planned after Jaypee," Birla said, while..."/>
UltraTech to complete Jaypee's cement assets acquisition in next 12 months [Mint, New Delhi]
UltraTech Cement Ltd, India's largest cement maker, on Tuesday said net profit in the quarter ended 30 June rose 29% from a year ago on higher operational efficiencies. The company reported a consolidated net profit of Rs.780 crore in the April-June period against Rs.604 crore a year ago. Net sales rose 4% to Rs.6, 538 crore from Rs.6, 281 crore."/>
UltraTech Cement Q1 profit rises 29% to Rs780 crore [Mint, New Delhi]

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