Business News Apple revenue drops 1% in Q3 2023, iPhone sales decline but services revenue keeps up Apple’s revenue for fiscal Q3 2023 marked a drop for the third… Soumyadeep SarkarAugust 4, 20233 minute read
Business News Startups Zomato reports first quarterly profit, revenue jumps 54% YoY to reach ₹2786 crore Zomato reported its Q1’24 earnings today, with the headline being the company… Staff@The Tech PortalAugust 3, 20232 minute read
Business News Apple high-yield savings account gets over $10 billion in customer deposits Apple’s high-yield savings account for its Apple Card was launched this April,… Soumyadeep SarkarAugust 3, 20232 minute read
Business Electric News IBC signs $1Bn investment pact to set up battery facility in Indian state of Karnataka International Battery Company (IBC) has signed an investment contract with the government… Soumyadeep SarkarAugust 2, 20233 minute read
Business News Walmart pays $1.4Bn to buy Tiger Global’s Flipkart stake, valuing Flipkart at $35Bn Earlier this year, investment firm Tiger Global was contemplating divesting its stake… Soumyadeep SarkarJuly 31, 20233 minute read
Business News AMD to invest $400Mn in India, set up its largest design center in Bengaluru India’s ambitions to carve a greater piece of the semiconductor got another… Soumyadeep SarkarJuly 28, 20232 minute read
Business News Microsoft’s revenue for Q4 FY23 shows modest rise amid AI costs, stock takes a hit Microsoft’s recent push into the AI sector had done wonders for its… Soumyadeep SarkarJuly 27, 20233 minute read
Business Global News Meta clocks 11% revenue growth in Q2 2023, Reality Labs continues to bleed Even as its Reality Labs unit continues to bleed, social media company… Soumyadeep SarkarJuly 27, 20233 minute read
Business News Venture Capital BlackRock to make India comeback through ‘Jio Blackrock’, a new asset management venture with Reliance’s Jio In a deal that would put India’s investment sector abuzz, BlackRock is… Soumyadeep SarkarJuly 27, 20232 minute read
Business Culture & Policy News Venture Capital Peak XV Partners will mark down the value of its Byju’s stake due to “lack of visibility” into company’s audited financials Byjus’ week just went from bad to worse, amid an unravelling flurry… Soumyadeep SarkarJuly 26, 20232 minute read
Business Internet News Netflix crack down on password sharing begins in India Following up on a global crackdown, Netflix has announced that it has… Soumyadeep SarkarJuly 21, 20232 minute read
Business Electric News Tesla clocks $24.93 billion in revenue in Q2 2023, margins take a hit The second quarter of the year saw automaker Tesla pocket a total… Soumyadeep SarkarJuly 20, 20233 minute read
Business Gadgetry News India is now Apple’s fifth largest market for iPhone sales, ahead of Germany and France Apple has long been a global leader in the smartphone market, and… Soumyadeep SarkarJuly 19, 20232 minute read
A.I. Business News Infosys bags $2Bn AI deal with existing client amid global AI push Infosys, one of the first-movers when it comes to using AI in… Soumyadeep SarkarJuly 18, 20232 minute read
Acquisitions Business News Startups Swiggy acquires retail logistics startup LYNK in all-stock deal Swiggy has entered into a definitive agreement to acquire retail logistics startup… Soumyadeep SarkarJuly 13, 20232 minute read
Business Electric News Tesla talks to Indian government to set up supply chain in India for affordable electric cars In the midst of a global shift towards sustainable transportation, automaker Tesla… Soumyadeep SarkarJuly 13, 20233 minute read
Business Gaming Global News Microsoft gets crucial US court win against FTC for its Activision-Blizzard acquisition Microsoft’s efforts to seal its blockbuster deal to acquire Activision Blizzard just… Soumyadeep SarkarJuly 11, 20233 minute read
Business Futurism News Setback to India’s semiconductor plans as Foxconn withdraws from $19.5Bn Vedanta joint venture India’s ambitious semiconductor ambitions just got a huge setback. Electronics manufacturer Foxconn… Soumyadeep SarkarJuly 10, 20233 minute read
Business Culture & Policy News Startups Byju Raveendran proposes formation of committee to provide strategic guidance in EGM Byju Raveendran, founder of troubled edtech major Byju’s, in a recently held… Soumyadeep SarkarJuly 7, 20232 minute read
Apps Business Internet News [Updated] Twitter-rival Threads takes off, clocks millions of sign-ups barely hours after launch [Update]: Instagram head Adam Mosseri teased the arrival of several “basic” features… Soumyadeep SarkarJuly 6, 20233 minute read
Business News Startups PharmEasy to raise ₹2500 crore from Manipal group, others, that includes a significant valuation drop PharmEasy, the health tech startup whose own financial health was pretty bleak… Soumyadeep SarkarJuly 5, 20232 minute read
