Category: Business Featured

ByteDance would exit completely and Microsoft would take over TikTok’s U.S. business: Reports

China-based TikTok’s parent company ByteDance has agreed to divest the US operations of TikTok completely. Reportedly, this has been decided to save a deal with the White House, after U.S. President Donald is looking to ban the popular short-video app. As ET’s reports, the Chinese social media giant, ByteDance was trying to keep a minority […]

Apple’s partners and Samsung apply for India’s $6.6 billion incentive for local smartphone production program

Worlds leading tech giants, Samsung & US-based Apple’s manufacturing partners Foxconn, Wistron and Pegatron, including Indian smartphone vendors Micromax, Lava, and others have applied for India’s $6.6 billion production-linked incentive (PLI) program that aims to make the country a smartphone manufacturing hub, just like China. Actually, the ‘Atmanirbhar Bharat’ (Self-Reliant India) scheme now seems to […]

Apple overtakes Saudi’s Aramco to become world’s most valuable company

Tech giant Apple Inc. became the world’s most valuable company with its market value overtaking Saudi Aramco in the wake of better-than-expected earnings. In its blockbuster Q2’20 revenue report, Apple Inc’s surged over 10% to a record high. And this helps the iPhone maker eclipse Saudi Aramco to become the world’s most valuable publicly listed […]

Government In Talks With RBI On Loan Restructuring: Finance Minister

Together the Indian government and central bank are actively looking for remodeling the loans because of the effects coronavirus has on businesses, finance minister Nirmala Sitharaman said on Friday. “The focus is on restructuring. The finance ministry is actively engaged with the RBI (Reserve Bank of India) on this. In principle, the idea that there […]

Microsoft Is in Talks to Acquire TikTok, As US Considers Banning The App: Report

Microsoft Corp. is reportedly in advance talks to acquire the US business of Chinese Bytedance-owned app TikTok. The interesting part is, these developments surfaced amid the US govt. considering banning the app due to national security concerns, as India has already done this earlier for the same concern.  According to the Wall Street Journal report, Satya […]

Mukesh Ambani calls for 2G-free India; urges govt to take urgent policy measures

Reliance Industries Limited chairman and Aisa’s richest man, Mukesh Ambani on Friday urged the government to take urgent policy measures to make India 2G-free. Ambani said this at Desh Ki Digital, the silver jubilee event to mark the first mobile phone call made in India. In a video message, the chairman of oil-to-telecom conglomerate said; […]

International flights to remain suspended till 31 August: Indian Govt.

The Indian government has extended the suspension of scheduled international flight services to 31 August. But the catch is, this restriction would not apply to international all-cargo operations and flights specifically approved by the Directorate General of Civil Aviation (DGCA). Reportedly, DGCA said in the statement, “To allow gradual movement of passenger traffic during the […]

India’s fiscal deficit touches 83.2% of annual target in April-June quarter: Reports

According to the government data reported by Reuters, India’s fiscal deficit in the three months to end June stood at 6.62 trillion rupees ($88.52 Bn), or 83.2% of the budgeted target for the current fiscal year. Reportedly, the net tax receipts were 1.35 trillion rupees ($18.05 Bn), while total expenditure was 8.16 trillion rupees, the […]

Revenue Report’20: Apple, Amazon, Facebook & Google performs well amid pandemic

Apple, Google-parent Alphabet, Facebook, Amazon are among those to have announced blockbuster earnings, all on the same day. Here are some glimpses of stats from their revenue reports; Google’s parent Alphabet sees revenue decline for the first time to $38.3 billion in Q2 Google Search and others logged $21.3 billion in sales (down 9.8% while […]

Reliance Industries profit rises by 31% to Rs 13,248 crore; Jio also shows 183% hike

The net quarterly profit of Reliance Industries has achieved a new height rising by 31% to Rs 13,248 crore. The company attained a profit of Rs 4,966 crore by trading a stake to BP Plc of its fuel retailing joint venture. The net gain keeping out this deal in the April-June quarter was Rs 8,282 […]
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