Sonam Rai
Bangalore
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Articles by Sonam Rai
Rolls Royce warns Brexit will cause supply chain kinks
FILE PHOTO - A Rolls-Royce logo is seen at the company's aerospace engineering and development site in Bristol, Britain, December 17, 2015. REUTERS/Toby Melville/File Photo(Reuters) - Rolls-Royce Holdings PLC (RR.L) worries border checks after Britain leaves the European Union will disrupt its global supply chain and is looking at measures to offset the rise in national protectionism that it represents, a member of its executive leadership said on Wednesday.
Facebook bans white nationalism and separatism on its platforms
White nationalists, neo-Nazis and members of the "alt-right" march in Charlottesville, Virginia in August 2017 GETTY IMAGES NORTH AMERICA/AFP/File Facebook Inc on Wednesday announced a ban on praise, support and representation of white nationalism and separatism on its social media platforms, furthering its efforts to tackle hate speech. These bans will be enforced next week, the social media giant said in a blog post.
Apple unveils new iPad, updates Mini ahead of video streaming launch
© Reuters/Arnd Wiegmann FILE PHOTO: Logo of Apple is seen at a store in Zurich Apple Inc, in a surprise move on Monday, launched a new 10.5-inch iPad Air and updated its iPad Mini ahead of a March 25 event where it is expected to launch a television and video service.
Apple unveils new iPad, updates Mini ahead of video streaming launch
© Reuters/Arnd Wiegmann FILE PHOTO: Logo of Apple is seen at a store in Zurich Apple Inc, in a surprise move on Monday, launched a new 10.5-inch iPad Air and updated its iPad Mini ahead of a March 25 event where it is expected to launch a television and video service.
Apple Unveils New IPad, Updates Mini Ahead of Video Streaming Launch
Apple Inc, in a surprise move on Monday, March 18, launched the new 10.5-inch iPad Air and updated its iPad Mini ahead of a March 25 event where it is expected to launch a television and video service. So far in its annual March event, Apple has been making announcements related upgrades for its product lines, but this year the focus is likely to shift to services, especially after it reported its first-ever drop in iPhone sales in January.
Apple Unveils New iPad, Updates Mini Ahead of Video Streaming Launch
Apple Inc., in a surprise move on Monday, launched a new 10.5-inch iPad Air and updated its iPad Mini ahead of a March 25 event where it is expected to launch a television and video service. So far in its annual March event, Apple has been making announcements related upgrades for its product lines, but this year the focus is likely to shift to services, especially after it reported its first ever drop in iPhone sales in January.
Apple unveils new iPad, updates Mini ahead of video streaming launch
© Reuters. FILE PHOTO: Logo of Apple is seen at a store in Zurich By Sonam Rai (Reuters) - Apple Inc (NASDAQ:), in a surprise move on Monday, launched a new 10.5-inch iPad Air and updated its iPad Mini ahead of a March 25 event where it is expected to launch a television and video service.
Apple unveils new iPad, updates Mini ahead of video streaming launch
FILE PHOTO: Apple company logos are reflected on the glass window outside an Apple store in Shanghai, China January 3, 2019. REUTERS/Aly Song By Sonam Rai (Reuters) - Apple Inc, in a surprise move on Monday, launched a new 10.5-inch iPad Air and updated its iPad Mini ahead of a March 25 event where it is expected to launch a television and video service.
Tesla blames misprinted label for China customs hiccup
FILE PHOTO: A Tesla Model 3 car leaves a cargo vessel at a port in Shanghai, China February 22, 2019. REUTERS/Stringer By Sonam Rai and David Stanway BENGALURU/SHANGHAI (Reuters) - Tesla Inc said on Tuesday that China's customs authorities have accepted the electric carmaker's plan to resolve problems with the clearance of its Model 3 sedans that centered around misprinting of labels.
Tesla blames misprinted label for China customs hiccup
A man looks around Tesla Motors' Model S P85 at its showroom in Beijing January 29, 2014. REUTERS/Kim Kyung-Hoon/File Photo By Sonam Rai and David Stanway BENGALURU/SHANGHAI (Reuters) - Tesla Inc said on Tuesday that China's customs authorities have accepted the electric carmaker's plan to resolve problems with the clearance of its Model 3 sedans that centred around misprinting of labels.
China agrees to Tesla remedy for Model 3 customs block - source
BENGALURU/SHANGHAI (Reuters) - China’s customs authorities have accepted Tesla Inc’s plan to remedy problems with the clearance of imported cars, a source familiar with the matter told Reuters on Tuesday. FILE PHOTO: A Tesla Model 3 car is displayed at the Canadian International AutoShow in Toronto, Ontario, Canada, February 15, 2019.
China agrees to Tesla remedy for Model 3 customs block: source
BENGALURU/SHANGHAI (Reuters) - China’s customs authorities have accepted Tesla Inc’s plan to remedy problems with the clearance of imported cars, a source familiar with the matter told Reuters on Tuesday. A man looks around Tesla Motors' Model S P85 at its showroom in Beijing January 29, 2014.
Nvidia full-year sales outlook tops analyst views; shares rise
FILE PHOTO: The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu/File Photo By Sonam Rai and Stephen Nellis (Reuters) - Chip maker Nvidia Corp on Thursday forecast sales for its current fiscal year that topped Wall Street expectations, sending its shares up 8 percent in late trading.
Nvidia forecasts demand rebound, Wall Street not so sure
© Reuters. FILE PHOTO: The logo of technology company Nvidia is seen at its headquarters in Santa Clara By Sonam Rai (Reuters) - Nvidia Corp's forecast of a demand rebound by the end of the year calmed investor nerves and pushed its shares up 5 percent on Friday, but several Wall Street analysts said the outlook was "aggressive" given weak demand and the ongoing U.S.-China trade war.
Nvidia forecasts demand rebound, Wall Street not so sure
(Reuters) - Nvidia Corp’s forecast of a demand rebound by the end of the year calmed investor nerves and pushed its shares up 5 percent on Friday, but several Wall Street analysts said the outlook was “aggressive” given weak demand and the ongoing U.S.-China trade war. FILE PHOTO: The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015.
Nvidia forecasts demand rebound, Wall Street not so sure
FILE PHOTO: The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith/File Photo By Sonam Rai (Reuters) - Nvidia Corp's forecast of a demand rebound by the end of the year calmed investor nerves and pushed its shares up 5 percent on Friday, but several Wall Street analysts said the outlook was "aggressive" given weak demand and the ongoing U.S.-China trade war.
Nvidia forecasts demand rebound, Wall Street not so sure
News Technology Nvidia forecasts demand rebound, Wall Street not so sure Friday, February 15, 2019 8:59 a.m. CST FILE PHOTO: The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015.
Nvidia Forecasts Demand Rebound, Wall Street Not So Sure
Feb. 15, 2019, at 9:59 a.m. Nvidia Forecasts Demand Rebound, Wall Street Not So Sure FILE PHOTO: The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015.
Nvidia full-year sales outlook tops analyst views; shares rise
1 / 2 FILE PHOTO: The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu/File Photo By Sonam Rai and Stephen Nellis (Reuters) - Chip maker Nvidia Corp on Thursday forecast sales for its current fiscal year that topped Wall Street expectations, sending its shares up 8 percent in late trading.
Nvidia forecasts demand rebound, Wall Street not so sure
The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith/Files By Sonam Rai (Reuters) - Nvidia Corp's forecast of a demand rebound by the end of the year calmed investor nerves and pushed its shares up 5 percent on Friday, but several Wall Street analysts said the outlook was "aggressive" given weak demand and the ongoing U.S.-China trade war.
Nvidia full-year sales outlook tops analyst views; shares rise
1 / 2 FILE PHOTO: The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu/File Photo By Sonam Rai and Stephen Nellis (Reuters) - Chip maker Nvidia Corp on Thursday forecast sales for its current fiscal year that topped Wall Street expectations, sending its shares up 8 percent in late trading.
Nvidia full-year sales outlook tops analyst views; shares rise
News Business Nvidia full-year sales outlook tops analyst views; shares rise Thursday, February 14, 2019 6:47 p.m. CST FILE PHOTO: The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Ty By Sonam Rai and Stephen Nellis (Reuters) - Chip maker Nvidia Corp on Thursday forecast sales for its current fiscal year that topped Wall Street expectations, sending its shares up 8 percent in late trading.
Nvidia sales outlook tops analyst views; shares rise
Business Reuters Feb 15, 2019 05:05:22 IST By Sonam Rai and Stephen Nellis (Reuters) - Chip maker Nvidia Corp on Thursday forecast sales for its current fiscal year that topped Wall Street expectations, sending its shares up 8 percent in late trading. The Santa Clara, California-based company said it expected revenues for its fiscal 2020 year to be "flat or down slightly" from the $11.7 billion it recorded in the just-ended fiscal year.
Nvidia full-year sales outlook tops analyst views; shares rise
Business Reuters Feb 15, 2019 05:05:39 IST By Sonam Rai and Stephen Nellis (Reuters) - Chip maker Nvidia Corp on Thursday forecast sales for its current fiscal year that topped Wall Street expectations, sending its shares up 8 percent in late trading. The Santa Clara, California-based company said it expected revenues for its fiscal 2020 year to be "flat or down slightly" from the $11.7 billion it recorded in the just-ended fiscal year.
Nvidia forecasts first-quarter revenue below estimates
A NVIDIA logo is shown at SIGGRAPH 2017 in Los Angeles, California, U.S. July 31, 2017. REUTERS/Mike Blake By Sonam Rai and Stephen Nellis (Reuters) - Chip maker Nvidia Corp on Thursday forecast sales for its current fiscal year that topped Wall Street expectations, sending its shares up 8 percent in late trading.
Nvidia full-year sales outlook tops analyst views; shares rise
1 / 2 FILE PHOTO: The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu/File Photo By Sonam Rai and Stephen Nellis (Reuters) - Chip maker Nvidia Corp on Thursday forecast sales for its current fiscal year that topped Wall Street expectations, sending its shares up 8 percent in late trading.
One of Tesla's largest institutional shareholders cut its stake in half during the 4th quarter
Tesla shareholder T. Rowe Price Group had a 5.2% stake in the electric car maker as of the end of December, roughly half its earlier stake, a regulatory filing showed on Monday. As of September, the fund manager had a 10.12% stake in Tesla and was the automaker's largest institutional shareholder. Shares of Tesla were up 3% at $315.16 in morning trading. (Reporting by Sonam Rai in Bengaluru; Editing by Sai Sachin Ravikumar) Get the latest Tesla stock price here.
GoPro tops revenue estimates, posts first profit in five quarters
FILE PHOTO - A GoPro camera is seen on a skier's helmet as he rides down the slopes in the ski resort of Meribel, French Alps, January 7, 2014. REUTERS/Emmanuel Foudrot/File Photo By Sonam Rai (Reuters) - GoPro Inc reported its first profit in five quarters on Wednesday and topped Wall Street estimates for revenue, as it cut costs and saw strong demand for the latest action cameras from its flagship HERO line.
Lumentum expects Android devices with Apple-like 3D sensing tech in 2019
By Sonam Rai (Reuters) - Lumentum Holdings Inc said on Tuesday it expects Android smartphone makers to launch devices with facial recognition technology this year even as the Apple Inc supplier forecast slightly lower-than-expected revenue for its current quarter. Securing new contracts for its 3D sensing face recognition technology from Android phone makers could help Lumentum reduce its heavy dependence on Apple, which has warned of slowing smartphone sales in China.
UPDATE 1-Lumentum expects Android devices with Apple-like 3D sensing tech in 2019
(Corrects third paragraph to remove reference to Honor V20 phone, which has already been launched) By Sonam Rai Feb 5 (Reuters) - Lumentum Holdings Inc said on Tuesday it expects Android smartphone makers to launch devices with facial recognition technology this year even as the Apple Inc supplier forecast slightly lower-than-expected revenue for its current quarter.
Lumentum expects Android devices with Apple-like 3D sensing tech in 2019
(Reuters) - Lumentum Holdings Inc said on Tuesday it expects Android smartphone makers to launch devices with facial recognition technology this year even as the Apple Inc supplier forecast slightly lower-than-expected revenue for its current quarter. Securing new contracts for its 3D sensing face recognition technology from Android phone makers could help Lumentum reduce its heavy dependence on Apple, which has warned of slowing smartphone sales in China.
Lumentum expects Android devices with Apple-like 3D sensing tech in 2019
By Sonam Rai (Reuters) - Lumentum Holdings Inc said on Tuesday it expects Android smartphone makers to launch devices with facial recognition technology this year even as the Apple Inc supplier forecast slightly lower-than-expected revenue for its current quarter. Securing new contracts for its 3D sensing face recognition technology from Android phone makers could help Lumentum reduce its heavy dependence on Apple, which has warned of slowing smartphone sales in China.
Apple fixes FaceTime privacy bug, will issue update next week
FILE PHOTO: An Apple company logo is seen behind tree branches outside an Apple store in Beijing, China December 14, 2018. REUTERS/Jason Lee/File Photo By Sonam Rai and Stephen Nellis (Reuters) - Apple Inc said on Friday it has fixed a privacy flaw in its group video chat software and that it plans to improve how it handles reports of software bugs after a teenager and his mother tried for days to warn the iPhone maker of the bug.
Apple fixes FaceTime privacy bug, will issue update next week
FILE PHOTO: An Apple company logo is seen behind tree branches outside an Apple store in Beijing, China December 14, 2018. REUTERS/Jason Lee/File Photo By Sonam Rai and Stephen Nellis (Reuters) - Apple Inc said on Friday it has fixed a privacy flaw in its group video chat software and that it plans to improve how it handles reports of software bugs after a teenager and his mother tried for days to warn the iPhone maker of the bug.
Apple fixes FaceTime privacy bug, will issue update next week
FILE PHOTO: An Apple company logo is seen behind tree branches outside an Apple store in Beijing, China December 14, 2018. REUTERS/Jason Lee/File Photo (Reuters) - Apple Inc said on Friday it has fixed a privacy flaw in its group video chat software and that it plans to improve how it handles reports of software bugs after a teenager and his mother tried for days to warn the iPhone maker of the bug.
Apple fixes FaceTime privacy bug, will issue update next week
(Adds background on privacy flaw, Apple statement) By Sonam Rai and Stephen Nellis Feb 1 (Reuters) - Apple Inc said on Friday it has fixed a privacy flaw in its group video chat software and that it plans to improve how it handles reports of software bugs after a teenager and his mother tried for days to warn the iPhone maker of the bug.
Tesla CFO leaves as automaker promises profits and cheaper cars
FILE PHOTO: A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, California, U.S., June 1, 2018. REUTERS/Mike Blake/File Photo By Alexandria Sage and Sonam Rai (Reuters) - Tesla Inc warned on Wednesday it will need to begin building cars in China and lower the price of its Model 3 sedan to make money in every 2019 quarter, as it failed to meet Wall Street profit expectations at the end of 2018.
Tesla CFO leaves as automaker promises profits and cheaper cars
(Reuters) - Tesla Inc’s chief financial officer will leave the company as the automaker on Wednesday promised cheaper Model 3 sedans, the launch of Chinese production this year and profits in every quarter in 2019. The departure of Deepak Ahuja as well as missing Wall Street profit targets for the end of 2018, sent Tesla shares down nearly 6 percent after hours. Zach Kirkhorn, Tesla’s vice president of finance, will replace Ahuja, who is about 56 years old.
Tesla CFO leaves as automaker promises profits and cheaper cars
Reuters Last Updated at January 31, 2019 05:50 IST https://mybs.in/2X36YSZ By Alexandria Sage and Sonam Rai (Reuters) - Tesla Inc warned on Wednesday it will need to begin building cars in China and lower the price of its Model 3 sedan to make money in every 2019 quarter, as it failed to meet Wall Street profit expectations at the end of 2018. The company also announced that its chief financial officer, Deepak Ahuja, would retire, extending a slide in shares after hours to nearly 6 percent.
Tesla CFO leaves as automaker promises profits and cheaper cars
FILE PHOTO: A driver recharges the battery of his Tesla car at a Tesla Super Charging station in a petrol station on the highway in Sailly-Flibeaucourt, France, January 12, 2019. REUTERS/Pascal Rossignol/File Photo By Alexandria Sage and Sonam Rai (Reuters) - Tesla Inc's chief financial officer will leave the company as the automaker on Wednesday promised cheaper Model 3 sedans, the launch of Chinese production this year and profits in every quarter in 2019.
Tesla CFO leaves as automaker promises profits and cheaper cars
Business Reuters Jan 31, 2019 06:05:26 IST By Alexandria Sage and Sonam Rai (Reuters) - Tesla Inc warned on Wednesday it will need to begin building cars in China and lower the price of its Model 3 sedan to make money in every 2019 quarter, as it failed to meet Wall Street profit expectations at the end of 2018. The company also announced that its chief financial officer, Deepak Ahuja, would retire, extending a slide in shares after hours to nearly 6 percent.
Tesla CFO leaves as automaker promises profits and cheaper cars
By Alexandria Sage and Sonam Rai (Reuters) - Tesla Inc warned on Wednesday it will need to begin building cars in China and lower the price of its Model 3 sedan to make money in every 2019 quarter, as it failed to meet Wall Street profit expectations at the end of 2018. The company also announced that its chief financial officer, Deepak Ahuja, would retire, extending a slide in shares after hours to nearly 6 percent.
Tesla CFO leaves as automaker promises profits and cheaper cars
1 / 4 FILE PHOTO: A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, California, U.S., June 1, 2018. REUTERS/Mike Blake/File Photo By Alexandria Sage and Sonam Rai (Reuters) - Tesla Inc warned on Wednesday it will need to begin building cars in China and lower the price of its Model 3 sedan to make money in every 2019 quarter, as it failed to meet Wall Street profit expectations at the end of 2018.
Tesla CFO leaves as automaker promises profits and cheaper cars
By Alexandria Sage and Sonam Rai (Reuters) - Tesla Inc warned on Wednesday it will need to begin building cars in China and lower the price of its Model 3 sedan to make money in every 2019 quarter, as it failed to meet Wall Street profit expectations at the end of 2018. The company also announced that its chief financial officer, Deepak Ahuja, would retire, extending a slide in shares after hours to nearly 6 percent.
Tesla sees profit in every 2019 quarter, but faces logistics risks
Business Reuters Jan 31, 2019 05:05:36 IST By Alexandria Sage and Sonam Rai (Reuters) - Tesla Inc ended 2018 with a small quarterly profit and predicted on Wednesday it would make money every quarter this year, but acknowledged that the erosion of a U.S. tax credit in 2019 would cut into sales. Shares of the electric car maker led by Elon Musk fell 2.1 percent after hours as fourth-quarter profit missed Wall Street expectations.
Apple services business grows; CEO Cook says China tensions ease
FILE PHOTO - People use their phones outside an Apple store in Beijing, China January 7, 2019. REUTERS/Thomas Peter/File Photo By Stephen Nellis and Sonam Rai (Reuters) - Apple Inc reported sharp growth in its services business on Tuesday and Chief Executive Tim Cook said trade tensions between the United States and China were easing, helping boost the company's shares after hours even though iPhone sales dipped in the holiday shopping quarter for the first time.
Apple services business grows; CEO Cook says China tensions ease
Business Reuters Jan 30, 2019 07:05:08 IST By Stephen Nellis and Sonam Rai (Reuters) - Apple Inc reported sharp growth in its services business on Tuesday and Chief Executive Tim Cook said trade tensions between the United States and China were easing, helping boost the company's shares after hours even though iPhone sales dipped in the holiday shopping quarter for the first time.
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