Business News Uber beats Q1 2023 street estimates, generates $8.82 billion in revenue Uber posted better-than-expected earnings for the first quarter of the year. In… Soumyadeep SarkarMay 2, 20232 minute read
Business News Crisis-hit First Republic Bank shut down by regulators, bought over by JPMorgan As per an official statement by the Federal Deposit Insurance Corporation (FDIC)… Soumyadeep SarkarMay 1, 20233 minute read
Business Global News SoftBank-owned chipmaker Arm confidentially files for an IPO in the US Arm Limited, the British semiconductor and software design company that had been… Soumyadeep SarkarMay 1, 20232 minute read
Business Culture & Policy News Dropbox lays off 500, trims workforce by 16% due to ‘AI era of computing’, slow growth Cloud storage provider Dropbox became the latest name to reduce its workforce… Soumyadeep SarkarApril 27, 20233 minute read
Business News Startups IPO-bound OYO reportedly turned cashflow profitable in Q4 2023 Hospitality major OYO turned cash flow positive for the first time, noted… Soumyadeep SarkarApril 27, 20232 minute read
Business News Meta beats estimates to record $28.6Bn in revenue for Q1 2023, Reality Labs continues to bleed In the first quarter of its “Year of Efficiency,” social media giant… Soumyadeep SarkarApril 27, 20233 minute read
Business News Alphabet beats revenue, EPS estimates for Q1’23, Google Cloud turns profitable Alphabet, the parent company of Google, noted a rise in its stock… Soumyadeep SarkarApril 26, 20233 minute read
Business News Most Blinkit stores have resumed operations: Zomato Food delivery firm Zomato has stated, that most of the stores of… Soumyadeep SarkarApril 20, 20232 minute read
Business Global News Microsoft’s big jolt to Twitter over API charges Twitter just got a big jolt, after Microsoft’s advertising platform announced that… Soumyadeep SarkarApril 20, 20232 minute read
Business Culture & Policy News More layoffs reportedly expected at Meta this week, to impact teams working in Reality Labs, Facebook among others In what has become an increasingly common scene, another wave of job… Soumyadeep SarkarApril 19, 20232 minute read
Business Internet News Apple launches a new savings account offering in the US, offers up to 4.15% yield Apple is pressing down further on its financial services offerings, with a… Soumyadeep SarkarApril 18, 20233 minute read
Business News Q1 2023 marks 4th consecutive double-digit fall in global PC shipments Global PC shipments have fallen in the first quarter of the year.… Soumyadeep SarkarApril 10, 20232 minute read
Business Health News Temasek acquires majority stake in Indian healthcare major Manipal Marking India’s largest-ever private equity deal in the healthcare sector (and a… Soumyadeep SarkarApril 9, 20232 minute read
Business News Space Richard Branson’s Virgin Orbit faces financial crunch, files for bankruptcy It seems literal, that a rocket man can experience a crash and… Soumyadeep SarkarApril 5, 20232 minute read
Business News Startups Oyo slashes IPO size by half, files a revised ‘pre-filing’ document with SEBI: Report Oravel Stays, the parent firm of Softbank-backed hospitality decacorn Oyo, has pre-filed… Soumyadeep SarkarApril 3, 20232 minute read
Business News Tesla clocks rise in deliveries in Q1 2023, produces over 440,000 vehicles Tesla posted impressive numbers on Sunday as it reported growth in vehicle… Soumyadeep SarkarApril 3, 20232 minute read
Business News Apple launches of ‘Apple Pay Later’ for select users in the US In a recent announcement, tech giant Apple revealed its attempt to take… Soumyadeep SarkarMarch 29, 20233 minute read
Business Global News Nazara-owned Sportskeeda acquires stake in Pro Football Network for $1.82 million Absolute Sports, the parent company of sports news and analysis website Sportskeeda,… Soumyadeep SarkarMarch 22, 20232 minute read
Business China News Tencent beats analyst estimates for Q4 2022, but reports drop in annual revenue China’s Tencent Holdings reported a drop in annual revenue for the first… Soumyadeep SarkarMarch 22, 20233 minute read
Business Culture & Policy News Amazon confirms laying off another 9000 employees Amazon is reducing its workforce by the thousands, once again. In an… Soumyadeep SarkarMarch 20, 20232 minute read
Acquisitions Business Culture & Policy Global News Amidst global banking turmoil, UBS to bail out Credit Suisse by acquiring it in historic $3.2Bn deal Banking giant UBS Group AG has agreed to acquire Credit Suisse Group… Soumyadeep SarkarMarch 20, 20233 minute read
