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Business

3046 posts

WeWork reportedly close to filing bankruptcy, stock hits rock bottom

WeWork, yet another story of a startup riding high on valuation bubble…

Mamaearth parent Honasa’s ₹1,701 crore IPO to launch on October 31

Honasa Consumer Ltd., the parent company of D2C upstart Mamaearth, has officially…

After Amazon, Google pledges $2Bn investment in AI startup Anthropic

In the latest instance of a massive investment being made in a…

Amazon revenue surges to $143.1Bn in Q3 2023, ad services up by 26%, AWS clocks 12% uptick

In the highly competitive world of e-commerce and tech giants, Amazon has…
Microsoft Russia subsidiary plans bankruptcy

Microsoft clocks $56.5Bn in revenue in Q1 FY24, Intelligent Cloud revenue up by 19%

The recently-ended quarter has seen a strong performance from tech titan Microsoft,…

Google explores new ad formats within AI-powered search experience

In a move that could reshape the digital advertising landscape, Google, under…
Google appeals search monopoly ruling

Google-parent Alphabet announces Q3’23 results, cloud business continues to slow, stock drops over 6%

Alphabet, the parent behind Google and all associated businesses, released numbers for…
Reliance

Reliance well in position to acquire controlling stake in Disney’s India assets

In a significant development, Mukesh Ambani’s Reliance Industries Ltd. is on track…
Paytm

Paytm reports 32% surge in revenue, narrows loss in September quarter

Paytm parent One97 has reported yet another decent financial quarter. The fintech…

Google says it will start manufacturing Pixel smartphones in India, starting with Pixel 8

In a strategic move to align with the Indian government’s “Make in…
Netflix announces Q4 2024 results

Netflix raises prices, adds 8.76Mn subscribers globally in Q3 2023

‘Netflix and Chill’ just became a tad bit more expensive for users…
X pauses encrypted DMs for fixes

New X users may have to pay $1/year to post and interact with other posts

In the latest news of Elon Musk trying to turn X –…

Atlassian set to acquire Loom for nearly $975Mn

Atlassian, a prominent provider of team collaboration and productivity software, has announced…

Samsung Electronics Sees Signs of Recovery in Memory Chip Market with Q3 Profit Beat

Samsung, the South Korean tech giant, reported a preliminary third-quarter profit drop…
PC

PC shipments witness 9% decline in Q3 2023, expected to have finally bottomed out: Gartner

In 2023, the PC market faced both challenges and glimmers of hope.…

ChatGPT mobile app sees record 15.6Mn downloads, $4.6Mn revenue in September, but growth slows

The popularity of ChatGPT saw OpenAI roll out a mobile-only version of…
Epic Games Fortnite

Fortnite-maker Epic Games to lay off 16% of its workforce

Epic Games, the $31.5Bn valued game developer behind popular titles like Fortnite…

Microsoft proposed selling Bing to Apple in 2020, deal never materialised

Google has, for a long time, had a dominance in the search…

X is targeting profitability by early 2024: CEO Linda Yaccarino

X, formerly Twitter, is on a path to profitability, according to CEO…

FTC, 17 U.S. states file antitrust lawsuit against Amazon, accusing it of monopolistic practices

Amazon’s practices, this time — and perhaps incoming — have earned the…