"Demerger" tag

Sony drops plan for entertainment unit spin-off

The board of Japan’s Sony Corporation has rejected a proposal to sell parts of its entertainment business. The demand was raised by a US activist shareholder seeking change at the Japanese electronics giant. Sony’s board...

IT Major WIPRO beats Street expectations

IT major reported a consolidated net profit of 1611 crore rupees for Q2, up 1.9%  sequentially, on the back of steady operating profit margin, and uptick in pricing. In the quarter gone by, Companies topline,...