Facebook shares hit record adding $2.4B to Zuckerberg fortune in 15 minutes on earnings bonanza

Facebook Inc. shares rose to a record after the company notched another quarter of revenue that beat estimates, thanks to stepped-up mobile-advertising efforts. The stock rose 4.8 per cent to US$108.94 at 10:29 a.m. Thursday in New York. The shares reached as high as US$110.65, their intraday record since going public in May 2012. The gain gave Facebook a market value […]

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HP Enterprise to set up innovation hub in India

Hewlett Packard Enterprise (HPE), the enterprise division of HP that became a separate company effective November 1, plans to open an innovation hub in India that will assist startups to scale their operations. The hub will be open by the end of November but the company declined to name the location. “We will help startups with technology, expertise in architecting […]

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Microsoft CEO Satya Nadella to visit Mumbai on November 5

Microsoft chief Satya Nadella will meet industry leaders like Mahindra Group chairman Anand Mahindra, Axis Bank head Shikha Sharma and Tata Starbucks CEO Avani Davda during his one-day visit to India on November 5. The India-born CEO will also deliver a keynote address at ‘Microsoft’s Future Unleashed’ event here that will bring together 3,000 industry thought leaders, enterprise heads, developers […]

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