Tiger Airways Holdings Limited has said that it has recorded an operating profit of $12.7 million during the fourth quarter of the financial year.

Beijing-based State Grid Corp of China (SGCC), which is the world's biggest utility company by revenue, has said that it is planning to acquire Australian power assets in a deal valued at billions of dollars.

The government in New Zealand has indicated that it will take steps to increase the housing supply in the country in a move to control the skyrocketing housing prices in the country.

Banking giant BNZ’s chief executive Andrew Thorburn has urged the government to overhaul the tax laws to control the property market and encourage other forms of investments, such as shares and term deposits.
In a recent TV interview, Mr. Thorburn said New Zealanders were not saving enough, and the government should step in to encourage them to save more.
He stressed that there was a need for some structural reforms in the tax system so that people could be incentivized to save more.

New MobileFirst platform has been launched by IBM, a recent report uncovered. The platform dubbed IBM MobileFirst is a comprehensive mobile portfolio, a combination of new solutions in analytics, application development software and mobile security.
 

Last week, the graphics chip-maker Nvidia unveiled its plans about a state-of-the-art campus with the city of Santa Clara. Investors were a day later officially notified that new headquarters would be built on Silicon Valley property.
The property has been owned by the company since year 2009. The report has found that the company now has come up with details of its plans for the development project.