Business Culture & Policy Global News Microsoft restructures Activision deal, to sell Activision cloud gaming rights to Ubisoft as it looks for UK approval In a massive change, Microsoft has restructured the proposed deal to acquire… Soumyadeep SarkarAugust 22, 20233 minute read
Business Global News British chipmaker ARM files for Nasdaq IPO, expected to be the biggest this year British chip designer Arm, owned by Japanese behemoth Softbank, has officially filed… Soumyadeep SarkarAugust 22, 20232 minute read
Business Electric News Tesla introduces new lower-cost, trimmed down Model S and X variants With perhaps a focus outside the US to more affordable, emerging markets,… Soumyadeep SarkarAugust 16, 20232 minute read
Business News ‘Make in India’ initiative yields 2 billion domestically assembled phone shipments during 2014-22 In the pursuit of self-sufficiency in mobile phone assembly, India has witnessed… Soumyadeep SarkarAugust 14, 20232 minute read
Business Electric News Startups Ola Electric’s operating revenue, loss, widen in FY22, parent ’Ola’ reports widening net loss Ola Electric, headed by Bhavish Aggarwal, has experienced a substantial surge in… Soumyadeep SarkarAugust 11, 20232 minute read
Business News Amazon reportedly exploring anchor investor role in Arm’s upcoming IPO Amazon is reportedly in advanced discussions to become a cornerstone investor in… Soumyadeep SarkarAugust 9, 20232 minute read
Business News Venture Capital Saudi Arabia’s PIF’s investments in SoftBank Vision Fund, other tech bets lead to $15.6Bn loss in 2022 Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), recorded a… Soumyadeep SarkarAugust 7, 20232 minute read
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
