Browsing Category

Business

2898 posts
Google

Google plans shifting assembly of Pixel phones from China to India: Report

With China proving to become less of an ideal place for the…

SpaceX awarded five more crewed transportation missions by NASA for $1.4Bn

Elon Musk’s SpaceX just got awarded five more missions by NASA to…

Snapchat parent looks to lay off 20% of its workforce

Snap Inc, the parent company of popular instant messaging app Snapchat, is…

Axis Bank to acquire 10% stake in Go Digit Life Insurance: Report

Insure-tech upstart Digit already has a presence in India’s general insurance sector…

Jio 5G to come to select cities by Diwali, company to spend $25 Bn on roll-out

Earlier this month, Reliance Industries’ Jio emerged as the top buyer in…
Zomato

Sequoia Capital India reduces stake in Zomato, sells stock in two tranches

Sequoia Capital India has joined the ever-increasing list of private investors selling…
Amazon

Amazon Care to cease operations from December 31

Even as it is pushing deeper into the healthcare space (supplemented by…

Playstation 5 prices go up due to ‘global economic environment, high inflation’, says Sony

Sony’s Playstation 5 has been in surging demand ever since launch, but is yet to reach any kind of stable demand-supply equilibrium.

Indian arms of Apple, Google, others to appear before parliamentary panel regarding anti-competitive practices

A parliamentary panel has asked the top India management of Apple, Google,…
Zomato

Zomato stops taking new memberships for its ‘Pro’ loyalty program

If you have been looking to subscribe to Zomato‘s loyalty programs, then…
Disney+

Disney surpasses Netflix with 221Mn streaming subscribers, Disney+ adds over 14Mn new subs in Q3 FY22

The fortunes of streaming services Netflix and Disney+ could not be more…

SoftBank Vision Funds continue money loosing spree with a $21.6Bn quarterly loss, among highest ever since inception

Tough market conditions have left their mark not just on numerous companies…
Nykaa

Nykaa to acquire local discovery and e-commerce platform Little Black Book

This was hinted at two months ago, when it was revealed that…

Amazon acquires Roomba-maker iRobot for $1.7Bn as it doubles down on smart home market

Alexa, Echo, Smart Plug, and Ring Doorbells are some of the devices…
Alibaba

Alibaba beats analyst estimates despite tough quarter, clocks $30.69Bn in Q2’2022 revenue

Alibaba has clocked a decent performance in an otherwise tough quarter. While…

Meta makes its first-ever bond offering, looks to raise $10Bn

At a time when it is experiencing tightening cash reserves and a…
Uber

Uber looks to sell 7.8% stake in Zomato as it reports positive free cash flow in latest earnings

As Uber reported extremely encouraging financial results yesterday with not so positive…
Zomato

Zomato net revenue up 18% QoQ as losses reduce

Zomato reported its first quarter (Q1’23) financials late evening yesterday, and there…
Zomato

Zomato reorganising itself under a new parent named ‘Eternal’, with each business headed by its own CEO: Report

Zomato, while faring decently at the time of its Indian stock market…

Alibaba, 270 other Chinese companies a step away from US stock exchange delisting

In the midst of increased scrutiny from domestic regulators, Chinese titan Alibaba…
amazon logo

Amazon net sales rise by 7% to $121 billion in Q2 2022, clocks loss against its Rivian investment

Unlike Microsoft, Meta, and Google-parent Alphabet, e-commerce powerhouse Amazon managed to exceed…