Browsing Category

Business

3191 posts
South Korea boosts chip support amid tensions.

Softbank looks to list British chipmaker Arm in the US to raise $8Bn: Reuters

With the economic climate heading towards recession in most parts of the…

Reserve Bank of India fines Amazon Pay

Indian business of Amazon Pay – the UPI-based digital payment system run…
Power outage stalls Waymo robotaxis

Alphabet’s moonshots impacted in fresh layoffs, 137 employees laid off in Waymo

Instances of layoffs have been increasingly frequent over the past months, as…
Delhivery profits after previous year's loss

SoftBank reportedly sells ₹600 crores worth of Delhivery shares, offloads 3.8% stake

SoftBank has been, in recent times, looking to wind down its investments…

Meta forms a new AI product team

Swift popularity of ChatGPT has opened the floodgates for multiple tech companies…

Ola signs MoU with Tamil Nadu govt, to invest ₹76.1 billion to build world’s largest EV hub

With the rapid push for the electrification of vehicles, the onus is…

Uber to buy 25K EVs in India from Tata Motors for its electric cab fleet

Recent times have seen the ride-hailing industry jump the EV wagon, with…
Tencent

Tencent says reports of shutting down XR business untrue, says it is making personnel adjustments

Following a media report that it was eliminating roles across its “extended…
Google written on a shop name board

Epic Games files appeal against Google in India for alleged non-compliance of anti-trust order

It seems Google’s recent Android setback in India, perhaps was just the…

InsuranceDekho nabs $150Mn from Goldman Sachs, TVS Capital, plans expansion in Tier 3/4 towns across India

At a time when the funding winter has made it difficult for…

Drone upstart Garuda Aerospace gets $22Mn in Series A

With the promising future of the Indian drone industry, it is unsurprising…
Yahoo

Yahoo to layoff nearly 20% of its workforce as part of adtech unit restructuring

As advertisers continue to pull back on spending and pare back their…
Quick-commerce firms accused of predatory pricing

Zomato clocks 75% rise in revenue for Q3 FY23, net loss widens to ₹347 crore

Zomato’s shares rose slightly (to ₹54.60 per share) on Thursday as the…

Indian government to take up equity in Vodafone Idea against nearly $2B worth of dues

In a relief to Vodafone Idea, the telecom operator that has fallen…
Apple appeals App Store injunction ruling

Apple misses expectations on revenue, profits led by iPhone sales decline in Q1 2023

Apple’s financial performance for the first quarter of the year seems to…
Reliance

Reliance to accept India’s CBDC as payment option across retail stores

The fag end of the previous year saw the Reserve Bank of…

Meta clocks 4% drop in Q4 revenue, Reality Labs continues to bleed, massive buyback sends stock soaring

Facebook-parent Meta successfully beat Wall Street estimates for its revenue for the…
Crypto hits $4T market cap

Tesla clocks gross impairment loss of $204 million in Bitcoin

EV giant Tesla, which has been a big proponent of cryptocurrencies courtesy…