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3236 posts

Softbank projects Vision Fund losses at a staggering $24 Billion

In what seemed almost certain, Japanese tech behemoth Softbank announced today, that…
lenovo

PC shipments fall 8% in Q1 2020 despite rise in demand

Perhaps the biggest long lasting effect of coronavirus on the world, except…
Tesla sales fall again, challenges persist

Tesla to furlough sales and delivery employees based on experience as coronavirus tightens grip in the US

A few days after Tesla announced a furlough campaign in an email…
sony

Sony invests $400 million in China’s Bilibili for a 5% stake

Sony has recently announced that it has invested $400 million in China…
Oyo

OYO is laying off more in the US, citing coronavirus outbreak as the reason: Report

OYO, which is fresh off from some recent layoffs, is back to…

WeWork sues Softbank for its $3 billion share purchase walkout

WeWork, as anticipated, is suing Japanese tech conglomerate Softbank, for the latter’s…

Chip sales likely to boost Samsung revenues even as smartphone sales plummet

Samsung Electronics has released its first earnings guidance for the year and…
IBM

Paul Cormier to take over as President and CEO at Red Hat as Jim Whitehurst moves to IBM

IBM family is in for a lot of major changes, as Ginni…
Oyo

OYO invokes “force majeure” clause, ceases all payments to partner hotels: Report

After OYO raised concerns over declining business last week, asking its partner…
softbank

Softbank abandons $3 billion WeWork tender offer to buy Adam Neumann’s, investor shares

Troubled Japanese tech conglomerate Softbank, has announced via a statement, that it…

Xerox is dropping its $35 billion hostile takeover bid for HP

Bringing an end to perhaps one of the most storied hostile takeover…
Airtel-Google network spam shield for RCS

After BSNL, Airtel and Vodafone extend plan validity for migrant and daily-wage workers amid coronavirus lockdown

Telecom operators Airtel and Vodafone have extended the validity of connections for…
Huawei Logo

Huawei posts a 5.6% increase in yearly profits in the US despite trade ban

Ever since the Chinese telecom giant Huawei was blacklisted by the US…
Tesla

Tesla sales set to plummet after record-breaking 2019

COVID-19 has totally crippled humanity, both socially and economically. The world has…

Ola CEO forgoes annual salary, company to put in ₹20 crores (~$2.6M) to support driver partners

Ola, India’s biggest ride hailing platform, has come up with another plan…

US markets tank after historic 3-day recovery as country leaves behind China with over 93,000 COVID-19 cases

Stock markets across the US again tumbled on Friday morning, as the…
Oyo

OYO warns partner hotels of disruption in payment cycle due to Coronavirus outbreak

It is no hidden truth, that the impact of ongoing COVID 19…

Ola seeks government relaxations for its drivers in the form of interest free loans and tax free ‘holiday’ periods

Ola, India’s biggest ride hailing service, wants the government to step in…
amazon logo

Amazon stops accepting cash as a mode of payment in India to prevent COVID 19 spread

Amazon, in an announcement on its website, has promulgated that it is…
Elon Musk

Tesla’s New York gigafactory to reopen for ventilator production ‘as soon as humanly possible’, says Elon Musk

Elon Musk has confirmed that Tesla’s New York gigafactory would reopen soon…