Dell, VMware decide to explore options including merger, says report
US computer maker Dell Technologies Inc and business software provider VMware Inc have decided to explore options that could include a potential merger of the two companies, people familiar with the matter said on Thursday. The move, which may not result in any deal, comes as Dell, the world’s largest privately held technology company, seeks new avenues for growth following its debt-laden acquisition of data storage provider EMC Corp for $67 billion in 2016.
Fidel Castro’s son Diaz-Balart commits suicide, says report
The son of late Cuban revolutionary leader Fidel Castro, Fidel Castro Diaz-Balart, committed suicide on Thursday after being treated for months for depression, Cuban state-run media reported. “Diaz-Balart, who had been attended by a group of doctors for several months due to a state of profound depression, committed suicide this morning,” Cubadebate website said. Castro Junior, 68, also known as “Fidelito” because of how much he looked like his father, had initially been hospitalized for depression and then continued treatment outside of hospital.
Amazon posts largest profit in its history on sales, tax boost
Amazon.com Inc on Thursday reported a profit near $2 billion, the largest in its history, as the online retailer drew millions of new customers to its Prime fast-shipping club for the holiday season and as changes to U.S. tax law added to its bottom line. Shares rose more than 6 percent in extended trading, after previously closing down 4 percent on the Nasdaq.
Budget 2018: Good for farmers, little for growth
Budget 2018: Given the large levels of farm distress due to price crashes in the face of bumper harvests, the government has pressed all the right buttons. An Operation Green, along the lines of Operation Flood, will ensure, over time, more processing facilities for 290 mn tonnes of fruits and vegetables that, despite being more than foodgrains production, never got any form of protection through, say, procurement.
Budget 2018: Education get a fillip, and a rethink
Education got a major fillip in Budget 2018-19. Finance minister Arun Jaitley said in his Budget speech that the government will henceforth be treating school education “holistically…from pre-nursery to Class 12”—that is, without segmenting it into primary, secondary and senior-secondary. Such a move will help track actual learning outcomes and flag deficiencies that mar overall educational attainment levels, thanks to gaps in learning getting carried forward.