Apple is gearing for a Chinese invasion. Apple was expected to introduce a new and cheaper iPhone model to the world soon. This cheaper iPhone will also have a bigger screen, something which has been a staple of Samsung offerings.

Toshiba would cut its expenses on its TV and PC business by US$300 million over the next two years. On Friday, Toshiba Corp of Japan said that it would cut a total of JPY10 billion equivalent to US$100 million in costs in its enterprise on PC and television.

India's Lanco Infratech Inc said that they are currently in discussion regarding the restructuring of the company's debt.

Herve Gisserot replaces Mark Reilly as GSK's head of operations in China in the wake of the bribery scandal faced by the pharmaceutical company.

Samsung continued to see growth in its market share. Although Samsung may not have performed well in terms of profit, it was gaining some traction in terms of market share.

Samsung reported not-good-enough profit, which could be a sign of market saturation. Samsung reported a record profit at KRW7. 8 trillion (US$7 billion).

Excellence Real Estate Group Ltd acquired two commercial sites in Shenzhen's Qianhai special zone.

Japanese Prime Minister Shinzo Abe to maintain his platform "Abenomics" to push progress in the world's third largest economy.

China's official news outlet said that more foreign pharmaceutical firms in the country could face the possibility of getting investigated for corruption.

The Kolkata-based company is set to invest US $4.4 billion for a business venture on hotels. ITC Ltd is planning to invest US $4. 4 billion (INR 260 billion) to expand its business interests into the hotel industry.