Category: Business Featured

TikTok Is Planning To Open First European Data Centre In Ireland

Chinese ByteDance-owned popular short-video app TikTok is planning to open its first European data centre in Ireland, the company said in a statement. For this, the short-video app is looking to invest around 420 million euros (approx. $499 million). Interestingly, this development comes when this popular app facing serious national security-related allegation from Trump administration […]

Uber to buy taxi tech firm Autocab to expands in UK

The U.S. based ride-hailing service provide Uber confirms on Thursday that it was buying the UK’s taxi tech firm Autocab to reach customers where it does not currently operate. Notably, the Cheadle Royal Business Park-based Autocab mainly sells booking and dispatch software to private hire firms. The Silicon Valley-based cab aggregator informed that the acquisition […]

Nintendo profit jumps 428% as Animal Crossing sales top 22 million

Japan-based gaming behemoth, Nintendo Co Ltd reported a 428% jump in first-quarter profit. And this is all because of the rise in demand for its Switch console and hit title Animal Crossing: New Horizons. We all know that the ongoing coronavirus outbreak boosts the games industry dramatically. And that’s why, the operating profit of Nintendo […]

Nokia to start robotics lab at IISC to explore 5G use cases and other emerging technology

Nokia has said on Tuesday that they will are planning to start a robotics lab at the Indian Institute of Science (IISc) for the purpose of researching on socially-relevant use cases based on 5G and upcoming new technologies. Company official statement said, “Nokia Center of Excellence (CoE) for networked robotics will promote interdisciplinary research involving […]

Joint Parliamentary Committee on data bill calls Facebook officials for deposition on August 10

Personal Data Protection Bill which is being scrutinized by the Joint Parliamentary Committee (JPC)  has summoned officials from social media giant Facebook for deposition on its 2nd meeting to be held on 10th August. Dr. APJ Abdul Kalam Centre and L&L Partners-Law Office officials from industry body Assocham are also invited to be part of […]

Disney Earnings Report Reveals Rare Loss, Nearly $5 Billion

Walt Disney Co. posted its first quarterly loss since 2001, nearly $5 billion, as the majority of its business segments reeled from government efforts to corral the coronavirus by shutting down public spaces around the world. The Covid-19 pandemic has closed Disney’s theme parks, virtually eliminated movie distribution, and curtailed live sports, a key programming […]

Sequoia Capital ramps up India leadership team; appointed new marketing and policy heads

Menlo Park-based venture capital firm Sequoia Capital has announced the expansion of its Indian leadership team, as on-boarded new marketing and public policy head and an operating partner. One of the most active investors in India, Sequoia Capital named former Star India senior executive Gayatri Vasudeva Yadav as its new chief marketing officer (CMO), and […]

Ford CEO Jim Hackett to retire; Chief Operating Officer Jim Farley will be the Ford’s new CEO

Jim Hackett, the CEO & President of the giant automaker, Ford Motor will unexpectedly retire in the midst of an $11 billion restructuring plan that has failed to impress Wall Street and investors. At the age of 65, Jim Hackett will be succeeded by his heir apparent, Jim Farley on October 1, who is currently […]

IPL 2020: Vivo Pulls Out of IPL Title Sponsorship for This Year

Amid India-China row, the Chinese smartphone maker Vivo, which has been the sponsor for IPL since 2018, has pulled out of sponsoring the T20 tournament this year. But interestingly, Vivo is not terminating its 5-year sponsorship program with the BCCI and will sponsor the tournament in 2021, 2022, and 2023. There is no doubt about […]

Sun Pharma launches FluGuard in India at Rs 35 per tablet

Well-know drugmaker Sun Pharmaceutical Industries Limited has launched its version of COVID-19 anti-viral Favipiravir, branded as FluGuard (Favipiravir 200 mg) in India. It’s priced at Rs. 35 per tablet, which can be used for the treatment of mild to moderate cases of Covid-19. Notably, Favipiravir was originally developed by Japan’s Fujifilm Holdings Corp under the […]
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