Business Electric News Tesla Q1’24 profits less than half of Q1’23, company to fast-track affordable EV roll-out Tesla, the Elon Musk headed EV maker, reported a notable 9% drop… Soumyadeep SarkarApril 24, 20243 minute read
Business Electric News Tesla slashes car, self-driving software prices globally amides sales struggles Tesla, the Elon Musk headed electric vehicle (EV) manufacturer, has once again… Soumyadeep SarkarApril 22, 20242 minute read
Business News Netflix surpasses Q1’24 estimates, but will stop reporting subscriber numbers Streaming giant Netflix has announced its decision to discontinue the disclosure of… Soumyadeep SarkarApril 20, 20243 minute read
Business News Paytm investment into payments arm deferred amid Chinese shareholding concerns in parent: Report One 97 Communications, the parent company behind Paytm, is facing a roadblock… Soumyadeep SarkarApril 16, 20243 minute read
Business Global News 1 in 7 iPhones now assembled in India as Apple accelerates production shift from China Apple’s recent shifting of production from China to India, seem to be… Soumyadeep SarkarApril 11, 20242 minute read
Business News US judge orders edtech major Byju’s to freeze $533Mn Byju’s is set to face heat from the US, wherein its pending… Soumyadeep SarkarMarch 15, 20243 minute read
Business News Paramount Global sells Viacom18 stake to parent Reliance for $517Mn Paramount Global has finalized the sale of its stake of 13% in… Soumyadeep SarkarMarch 14, 20242 minute read
Business Internet News Flipkart to roll out quick commerce service in coming months: Report Walmart-owned Flipkart, one of India’s largest ecommerce players, is (once again) preparing… Soumyadeep SarkarMarch 7, 20242 minute read
Business China Gadgetry News Apple’s iPhone sales plunge 24% in China amid a resurgent Huawei Apple’s grip on the Chinese smartphone market, once a significant source of… Soumyadeep SarkarMarch 6, 20242 minute read
Business News Paytm terminates inter-company agreements with banned Paytm Payments Bank In response to ongoing regulatory challenges and heightened scrutiny from RBI and… Soumyadeep SarkarMarch 1, 20242 minute read
Business News Reliance and Disney to merge India businesses to form a new $8 billion media giant The Indian media landscape is now set for a seismic shift: in… Soumyadeep SarkarFebruary 29, 20243 minute read
Business Internet News RBI extends Paytm Payments Bank’s operation-ceasing deadline as it gets new banking partner The Reserve Bank of India (RBI) has announced an extension to the… Soumyadeep SarkarFebruary 16, 20242 minute read
Business News Macquarie downgrades Paytm, slashes target price by 58% Paytm, once the poster child of India’s booming fintech industry, continues to… Soumyadeep SarkarFebruary 13, 20242 minute read
Business News Zomato reports rise in revenue, profit in Q3 FY24 Zomato has announced its financial results for the third quarter of the… Soumyadeep SarkarFebruary 8, 20243 minute read
Business Gaming News Disney to invest $1.5Bn in Fortnite maker Epic Games Disney is making strides into the gaming landscape, with the entertainment conglomerate… Soumyadeep SarkarFebruary 8, 20242 minute read
Business Global News Meta surpasses Q4 2023 expectations, Reality Labs clocks major operating loss The “year of efficiency” has finally come to an end for social… Soumyadeep SarkarFebruary 3, 20243 minute read
Business News Apple faces China struggles as iPhone sales decline, but global revenues grow Apple, the tech juggernaut, is facing a formidable challenge in its Chinese… Soumyadeep SarkarFebruary 2, 20243 minute read
Business News Reliance-owned Viacom18 set to acquire 60% stake in Disney India for $3.9Bn: Report It seems Disney India’s acquisition with Mukesh Ambani-owned Viacom 18 is finally… Soumyadeep SarkarFebruary 2, 20242 minute read
Business News Alphabet’s Q4 earnings 2023: Ad revenue misses estimates, Google Cloud shines Generative AI turned out to be the highlight of the previous year,… Soumyadeep SarkarJanuary 31, 20243 minute read
Business News India’s central bank asks Paytm Payments Bank to halt business Paytm Payments Bank, the payment giant’s division that handles payments for several… Praneetha BandaruJanuary 31, 20242 minute read
Business News Startups Byju’s cuts valuation by over 99% in latest rights issue Byju’s, the prominent Bengaluru-based edtech giant, is reportedly open to accepting a… Srihari RishabhJanuary 29, 20243 minute read