Toyota posts 19% rise in full year net profits

Japan's biggest car manufacturer, Toyota, has posted a year-on-year 19% rise in net income for the 12 months to March, beating expectations.

Sun Pharmaceutical to acquire Ranbaxy in $4bn deal

India's Sun Pharmaceutical has agreed to acquire rival Ranbaxy - majority owned by Japan's Daiichi Sankyo - in an all-stock deal worth $4bn (£2.4bn).

Verizon reaches agreement to acquire Vodafone's 45% stake for $130 billion

LONDON/NEW YORK: Verizon Communications agreed on Monday to pay $130 billion to buy Vodafone out of its US wireless business, signing history's third largest corporate deal to bring an end to a decade-long corporate stand-off.

Verizon denies interest in buying Vodafone

US telecoms group Verizon Communications has denied that it wants to buy or merge with UK mobile phone operator Vodafone.

Tokyo court gives win to Samsung after US loss

A court in Tokyo has ruled that Samsung Electronics did not infringe on patents held by Apple, a victory for the South Korean company.

Samsung profits surge 79% boosted by smartphone sales

Samsung Electronics has said that it expects its profits to surge 79% in the second quarter as sales of its smartphones continue to grow.

Facebook shares drop below flotation price

Shares in Facebook have fallen below the price at which they were floated amid scepticism that the newly-listed company will live up to expectations.

Top five Indian IT services companies grew 23.8%, even as global IT market grew 7.7%: Gartner

NEW DELHI: Even as the global IT spending is in single digits, Indian IT players are clocking healthy double digit growth.

Indian companies help drive innovation, education and employment in the US

NEW DELHI: Indian companies have often been accused of taking benefits form the US, while not creating either jobs there.

Hyundai Motor drives sharp Q1 net profit increase by 31%

SEOUL: South Korean carmaker Hyundai Motor increased quarterly net profit by 31 per cent to $2.15 billion as it bucked a sluggish industry trend in Europe and China and boosted sales in a recovering US market.

Luxury carmaker Bentley sees sales rise 37% in 2011

Luxury carmaker Bentley has reported a 37% rise in sales in 2011, saying demand has returned to pre-recession levels.

Apple overtakes Nokia and Samsung as smartphone maker

Apple has become the world's biggest seller of smartphones, according to industry analysts.

The US firm overtook both previous leader Nokia and Samsung in the second quarter of the year, when total smartphone sales hit a record 110m.

The figures from Strategy Analytics also showed that 361m handsets were shipped, up 13% on the previous year.