Narayana Murthy, the man credited for revolutionizing the IT industry and contributing to the growth of Indian economy, is all set to retire on August 2011. KV Kamath is to succeed him. Calling the new structure ‘a dream team’, the outgoing chairman Murthy told CNBC-TV18 in an exclusive interview, “I never considered to continue being on the board till the ... Read More »
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Apple’s 78% Profit Gain Eases Concern Over Jobs’s Leave
Apple Inc.’s 78 percent surge in profit, buoyed by holiday purchases of iPads, iPhones and Mac computers, helped allay concerns about the company’s prospects as Chief Executive Officer Steve Jobs takes medical leave. Net income in the fiscal first quarter rose to $6 billion, or $6.43 a share, from $3.38 billion, or $3.67, a year earlier, Apple said yesterday in ... Read More »