Business News
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#NewsBytes Explainer: The real reasons behind the global chip shortage
12 May 2021
Petrol, diesel prices up by 25 paise per liter each
Petrol and diesel prices on Wednesday were hiked by 25 paise per liter each, the third increase this week, propelling petrol price to cross Rs. 100 per liter mark in more cities including Bhopal and Indore.
12 May 2021
Now, Google Pay US users can transfer money to India
The latest feature upgrade to Google Pay has made it attractive for US users who send money abroad. The internet conglomerate's payments app now offers international money transfers.
12 May 2021
Sensex tanks over 400 points in early trade
Equity benchmark Sensex tumbled over 400 points in early trade on Wednesday, tracking losses in index majors HDFC twins, Reliance Industries and ICICI Bank amid negative cues from global markets.
11 May 2021
WhatsApp issues ultimatum: Accept new policy or lose basic functionality
On May 15, WhatsApp's hotly-debated privacy policy is scheduled to come into force. The company maintains that "No one will have their accounts deleted or lose functionality of WhatsApp on May 15 because of this update."
10 May 2021
Bill and Melinda Gates's divorce linked to sex-offender Epstein connection?
Shortly after Bill and Melinda Gates announced their split on May 3, there are reports that their divorce was in the works since 2019.
10 May 2021
Flipkart 'Flagship Fest' sale: Massive discounts on premium smartphones
Flipkart has kicked-off its 'Flagship Fest' sale in India with attractive deals and offers on premium smartphones.
10 May 2021
After Rajasthan and MP, petrol crosses Rs. 100-mark in Maharashtra
Petrol-diesel prices on Monday hit record highs across the country after rates were increased for the fifth time in a week, following which Maharashtra joined Rajasthan and Madhya Pradesh in the league of states where petrol rates breached the Rs. 100-a-liter-mark.
07 May 2021
Petrol prices raised for fourth straight day
Petrol price on Friday scaled to Rs. 102 per liter in some parts of Rajasthan and Madhya Pradesh as rates were raised for the fourth straight day after the end of two-week-long hiatus during assembly elections.
06 May 2021
Emails reveal Apple's desperation to prevent Netflix ditching in-app purchases
It is well known that Apple charges a 30 percent commission on in-app purchases (IAP) per its App Store policy.
06 May 2021
Petrol price hiked by 25 paise, diesel by 30 paise
Petrol price on Thursday was hiked by 25 paise per liter and diesel by 30 paise as oil companies raised rates for the third straight day to pass on the increase in international oil prices.
05 May 2021
Trump's Facebook ban upheld by Facebook-funded Oversight Board
Facebook-funded Oversight Board upheld the social media giant's decision to ban former US President Donald Trump on all its platforms following the January 6 Capitol riots.
05 May 2021
Here is what made DogeCoin's price touch 60 cents
DogeCoin, a penny stock equivalent of the cryptocurrency world, was valued in excess of 60 cents a token briefly on May 4.
05 May 2021
#DealOfTheDay: OnePlus 8 Pro available with benefits worth Rs. 9,000
Are you planning to buy a premium smartphone? If yes, then this might be a good deal for you. Amazon is offering a Rs. 6,000 discount on OnePlus's last-generation flagship smartphone, the 8 Pro.
05 May 2021
Sony announces partnership with Discord; Integration into PlayStation by 2022
Discord's unofficial acquisition discussions with Microsoft might have fizzled out, but Sony has since struck a deal with the fledgling video game communications entity.
04 May 2021
#DealOfTheDay: LG WING is available with Rs. 50,000 off
If you are planning to buy a premium and novel smartphone without denting your wallet, then this deal is for you.
04 May 2021
Petrol and diesel prices hiked after over two-week hiatus
Petrol price on Tuesday was increased by 15 paise per liter and diesel by 18 paise as state-owned fuel retailers started passing on the increase in international oil prices to consumers after an 18-day hiatus.
03 May 2021
Flipkart 'Big Saving Days' sale: Best smartphones under Rs. 25,000
Flipkart has kicked-off its 'Big Saving Days' sale in India with attractive deals and offers on best selling smartphones.
03 May 2021
Sensex tanks over 600 points in early trade
Market benchmark Sensex plunged over 600 points in early trade on Monday, tracking losses in index-heavyweights Reliance Industries, HDFC twins, and ICICI Bank amid a negative trend in Asian equities.
02 May 2021
Invest in Crypto, start with Rs. 100 on CoinSwitch Kuber
Bitcoin and other cryptocurrencies have grown massively in value in just an year. Bitcoin, for instance, is currently priced at Rs. 47,00,000.
01 May 2021
NASA freezes funding to SpaceX HLS contract after rivals protest
Even as Amazon crushed the workers' protests against inhuman working conditions, the company's CEO Jeff Bezos successfully used the same strategy to compel NASA to suspend SpaceX's funding for the lunar project.
01 May 2021
Boeing announces $10 million aid for India's fight against COVID-19
Multinational aerospace company Boeing on Friday announced a $10 million emergency assistance package to support India's COVID-19 response.
30 Apr 2021
Chip crisis hits automobile industry, leading manufacturers cut production
A recent development highlights how deeply technology is interwoven into other global industries. Leading carmakers Ford, BMW, and Honda have warned of production curbs due to chip shortages.
30 Apr 2021
Apple's upcoming M1 chip's successor has reportedly entered production
Apple made headlines when it announced a transition from Intel CPUs to its custom-designed processors in 2020. Since then, the M1 chip has featured in devices including the recently launched iPad Pro, 13-inch MacBook Air, and MacBook Pro.
28 Apr 2021
Here's how Apple is going after Facebook, Google's bottomlines
Apple seems committed to upending Facebook's and Google's ad revenue models. The iPhone maker is thinking several steps ahead and preemptively plugging loopholes that could be exploited by its Big Tech rivals.
28 Apr 2021
Key takeaways from Zomato's Rs. 8,250 crore-worth IPO
Food delivery platform Zomato Ltd filed its Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India (SEBI), heralding its Initial Public Offering (IPO) amounting to Rs. 8,250 crore.
27 Apr 2021
Once again, WhatsApp is reminding users about privacy policy deadline
Despite facing severe global backlash for its unilateral privacy policy change, Facebook-owned instant messaging service WhatsApp decided it's a good idea to remind users of the policy change and the fast-approaching implementation deadline.
27 Apr 2021
Sensex rises over 150 points in early trade
Equity benchmark Sensex advanced over 150 points in early trade on Tuesday, tracking gains in index majors Reliance Industries, HDFC Bank, and TCS despite a negative trend in Asian markets.
26 Apr 2021
Reddit faces class action suit for hosting child pornography
Reddit is facing an unprecedented lawsuit under the 2018 Fight Online Sex Trafficking Act and the Stop Enabling Sex Traffickers Act (FOSTA-SESTA) Bills introduced by then US President Donald Trump.
26 Apr 2021
Google, Microsoft pledge support in India's COVID-19 fight
As India records more than three lakh daily COVID-19 cases for the fifth consecutive day, Google and Microsoft bosses have pledged support to help with the pandemic.
26 Apr 2021
Sensex surges over 600 points in early trade
Equity benchmark Sensex rallied over 600 points in early trade on Monday, tracking gains in index majors ICICI Bank, Reliance Industries, and Kotak Bank amid positive trends in global markets.
24 Apr 2021
Will ask Starlink to seek permits for India operations: DoT
In a major development that ties Elon Musk and India together, the billionaire's satellite internet service called Starlink could be planning to begin its operations in India.
23 Apr 2021
Facebook begins monetizing TikTok clone Instagram Reels in India
Facebook's TikTok copy Instagram Reels won't be free any longer, at least for users in India, Brazil, Germany, and Australia. Facebook will be testing advertisements for the short video platform in these countries.
23 Apr 2021
Toyota announces temporary suspension of production at Karnataka plant
India's fourth largest car maker Toyota Kirloskar Motor has announced a temporary halt in production at its Bidadi plant in Karnataka.
23 Apr 2021
Ola Electric to set up world's largest two-wheeler charging network
Ola Electric has announced that it is planning to set up the world's largest and densest charging network for electric vehicles (EVs), called the 'Hypercharger Network'.
21 Apr 2021
Discord reportedly rejects Microsoft's $12 billion acquisition offer
Microsoft was rumored to be in talks with Discord for acquiring it in, what would have been, a $12 billion deal. However, latest reports indicate that deal may have fizzled out, according to unnamed sources privy to Bloomberg.
21 Apr 2021
Netflix stocks tank after revealing underwhelming subscriber growth numbers
Netflix stocks tanked by 11 percent during after-hours trading despite recording subscriber growth in its first quarter financial results.
21 Apr 2021
Hero MotoCorp temporarily halts manufacturing due to rising COVID-19 cases
Hero MotoCorp has announced that it will halt operations temporarily at all of its manufacturing facilities across India, including its Global Parts Center (GPC), due to the rising number of COVID-19 cases.
19 Apr 2021
How global part shortages could impact India's price-sensitive smartphone market
Smartphone manufacturers around the world are plagued by chip shortage that's exacerbated by Taiwan's water crisis. However, brands in India are also witnessing a pandemic-fuelled slowdown in demand while they watch the Rupee gradually depreciate against the US Dollar.
19 Apr 2021
Sensex crashes over 1,300 points in early trade
Equity benchmark Sensex crashed over 1,300 points in early trade on Monday, tracking massive across-the-board sell-off as the major spike in COVID-19 cases in the country spooked investor sentiment.
19 Apr 2021
How is India Inc. stepping up to defeat coronavirus?
With India reeling under a deadly coronavirus wave, several companies are expanding their resources to do their bit in the battle against the disease.
16 Apr 2021
Amazon Prime adds 50 million subscribers thanks to the pandemic
Amazon Prime subscriber count shot up to 200 million while recording a growth of 33 percent. Amazon CEO Jeff Bezos made this announcement in his final annual shareholder letter before he passes the reins to Andy Jassy later this year.
16 Apr 2021
Global chip shortages will continue until 2023, TSMC says
The global chip shortages show no signs of abating. Taiwan Semiconductor Manufacturing Co. (TSMC), which accounts for most of world's semiconductor requirements, has stated that it doesn't see the supply shortages ease until 2023.
15 Apr 2021
Flipkart to acquire Cleartrip to diversify its offerings
On April 15, Walmart-owned Flipkart confirmed that it will acquire Cleartrip, a leading online travel technology company.
15 Apr 2021
New WhatsApp privacy policy could face intervention from German regulators
The Hamburg Commissioner for Data Protection and Freedom of Information, Johannes Casper, has opened proceedings to stop WhatsApp from implementing a controversial privacy policy that allows it to share user data with Facebook.
14 Apr 2021
Apple's 'Spring Loaded' event confirmed for April 20
Apple has announced an event for April 20 at 10:00 AM PDT (10:30 PM IST). This will be the brand's first major event for 2021.
14 Apr 2021
Fortnite-maker Epic Games raises $1 billion; Valued at $28.7 billion
Epic Games has raised $1 billion in latest funding round at a current valuation of $28.7 billion. It has added nearly $10 billion to its valuation after Sony had pumped $250 million last year.
13 Apr 2021
Microsoft buys Siri co-creator Nuance in $19.7 billion deal
Microsoft Corp has bought AI speech tech company Nuance in an impressive $19.7 billion acquisition deal. The firm famously helped Apple develop its Siri voice assistant with its pioneering work in the text-to-speech field since its founding in 1992.
12 Apr 2021
Flipkart strikes deal with Adani; to create 2,500 more jobs
Walmart Inc.'s Flipkart and Adani Group on Monday announced a strategic partnership to strengthen logistics and data center capabilities.
12 Apr 2021
Sensex nosedives over 1,400 points in early trade
Equity benchmark Sensex plummeted over 1,400 points in early trade on Monday, tracking losses in index-heavyweights HDFC twins, ICICI Bank, and Reliance Industries as spiking COVID-19 cases in the country spooked investors amid negative cues from global markets.
11 Apr 2021
Signal Payments announced with support for cryptocurrency
Signal, the secure messaging app, recently announced that it is rolling out a beta version of its app which brings the new Signal Payments feature.
10 Apr 2021
US official calls Tim Cook's voting on iPhone suggestion 'preposterous'
Ohio's Secretary of State, Frank LaRose, called Apple's CEO Tim Cook's idea of voting on the iPhone "preposterous."
10 Apr 2021
A Cricketer's Guide to Crypto Investing
Cricket is a sport that does a better job of bringing all Indians together than any religion in the world. While the IPL league offers us so much entertainment, we thought it would be more interesting to explain crypto in the language of cricket.
08 Apr 2021
Indian social media platform ShareChat raises $502 million, becomes unicorn
It's raining unicorns in India. ShareChat is the latest entrant to the billion-dollar club after raising $502 million from Tiger Global Management and LightSpeed Venture Partners. This pegs the Indian social media platform's valuation to $2.1 billion.
08 Apr 2021
Following outcry, Tesla refunded customers who were double-charged for cars
Late last month, we reported that several Tesla customers were charged twice for their new electric cars. One of the affected customers, Christopher T. Lee, who goes by the name Everyday Chris on YouTube even made a video detailing his experience.
08 Apr 2021
Sensex surges over 300 points in early trade
Equity benchmark Sensex surged over 300 points in early trade on Thursday, tracking gains in index heavyweights HDFC twins, ICICI Bank and Infosys amid a positive trend in global markets.
07 Apr 2021
Mukesh Ambani dethrones Jack Ma as Asia's richest person
India has the third-highest number of billionaires in the world after the US and China, according to a new list by the prestigious Forbes magazine.
07 Apr 2021
RBI MPC keeps repo rate unchanged at 4%
The Monetary Policy Committee (MPC) of the Reserve Bank of India today kept the repo rate unchanged at 4 percent and maintained its accommodative stance for as long as necessary to sustain growth.
06 Apr 2021
CRED's valuation skyrockets to $2.2 billion following fresh investment
In March, we had reported that Bengaluru-based fintech start-up CRED was in talks to raise around $200 million.
06 Apr 2021
Sensex jumps over 300 points in early trade
After starting on a weak note, equity benchmark Sensex rebounded over 300 points in early trade on Tuesday, tracking gains in index heavyweights HDFC twins, Infosys, and ICICI Bank.
06 Apr 2021
BYJU's acquires Aakash Educational Services for $1 billion
Popular online teaching platform BYJU's announced on Monday that it has acquired Aakash Educational Services Limited, a chain of physical coaching centres in the country, for nearly $1 billion.
05 Apr 2021
Musk wants to hire you even without a college degree
Elon Musk, the billionaire CEO of Tesla and SpaceX, may want to hire you.
05 Apr 2021
LG announces shutdown of global smartphone business
LG has officially announced that it will shut down its mobile phone business after failing to find a buyer for its faltering consumer technology arm.
05 Apr 2021
Sensex plummets over 1,400 points amid spurt in COVID-19 cases
Equity benchmark Sensex tumbled over 1,400 points in the morning session on Monday, dragged by massive losses in financial stocks amid concerns over spiking COVID-19 cases in the country.
05 Apr 2021
HP announces gaming scholarship with benefits worth Rs. 12 lakh
HP has announced the OMEN Esports Gold Quest in India in collaboration with AMD. The scholarship is meant to help esports players establish their gaming careers.
04 Apr 2021
TSMC's silicon wafer price hike could affect Apple's iPhone 13
Apple's longstanding primary source for silicon, the Taiwan Semiconductor Manufacturing Company (TSMC), was expected to hike prices by 15% for its silicon wafers when the auto industry was facing a chip crunch.
04 Apr 2021
Tesla sold more cars than it produced in Q1 2021
Tesla has announced that it has delivered more cars in the first quarter of 2021 than it produced in the same period.
03 Apr 2021
Amazon explored opening discount stores to clear out unsold products
Amazon Inc. has been exploring an idea of opening physical stores to offload the unsold inventory at heavy discounts, reveals Bloomberg. The information was disclosed by two people familiar with the plan.
02 Apr 2021
Apple knowingly sold MacBooks with defective displays: US Judge
A California federal judge, Edward Davila, has allowed a new class-action lawsuit against Apple to pass. The suit claims that Apple has sold MacBook Pro laptops with defective display panels, where the bottom part of the screen suffers from alternate dark spots.
02 Apr 2021
Government will give $1 billion to chip-makers manufacturing in India
The government of India will offer more than $1 billion in cash to every company that sets up a semiconductor manufacturing unit in the country.
01 Apr 2021
PSU bank merger: How it impacts you as a customer
The Indian government's ongoing merger of certain public sector banks will bring in a range of sweeping changes for customers of eight banks starting today (April 1).
