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#NewsBytes Explainer: The real reasons behind the global chip shortage

#NewsBytes Explainer: The real reasons behind the global chip shortage

Timelines
Petrol, diesel prices up by 25 paise per liter each

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.

Now, Google Pay US users can transfer money to India

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.

Sensex tanks over 400 points in early trade

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.

WhatsApp issues ultimatum: Accept new policy or lose basic functionality

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."

Bill and Melinda Gates's divorce linked to sex-offender Epstein connection?

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.

Flipkart 'Flagship Fest' sale: Massive discounts on premium smartphones

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.

After Rajasthan and MP, petrol crosses Rs. 100-mark in Maharashtra

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.

Petrol prices raised for fourth straight day

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.

Emails reveal Apple's desperation to prevent Netflix ditching in-app purchases

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.

Petrol price hiked by 25 paise, diesel by 30 paise

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.

Trump's Facebook ban upheld by Facebook-funded Oversight Board

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.

Here is what made DogeCoin's price touch 60 cents

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.

#DealOfTheDay: OnePlus 8 Pro available with benefits worth Rs. 9,000

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.

Sony announces partnership with Discord; Integration into PlayStation by 2022

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.

#DealOfTheDay: LG WING is available with Rs. 50,000 off

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.

Petrol and diesel prices hiked after over two-week hiatus

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.

Flipkart 'Big Saving Days' sale: Best smartphones under Rs. 25,000

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.

Sensex tanks over 600 points in early trade

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.

Invest in Crypto, start with Rs. 100 on CoinSwitch Kuber

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.

NASA freezes funding to SpaceX HLS contract after rivals protest

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.

Boeing announces $10 million aid for India's fight against COVID-19

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.

Chip crisis hits automobile industry, leading manufacturers cut production

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.

Apple's upcoming M1 chip's successor has reportedly entered production

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.

Here's how Apple is going after Facebook, Google's bottomlines

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.

Key takeaways from Zomato's Rs. 8,250 crore-worth IPO

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.

Once again, WhatsApp is reminding users about privacy policy deadline

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.

Sensex rises over 150 points in early trade

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.

Reddit faces class action suit for hosting child pornography

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.

Google, Microsoft pledge support in India's COVID-19 fight

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.

Sensex surges over 600 points in early trade

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.

Will ask Starlink to seek permits for India operations: DoT

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.

Facebook begins monetizing TikTok clone Instagram Reels 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.

Toyota announces temporary suspension of production at Karnataka plant

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.

Ola Electric to set up world's largest two-wheeler charging network

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'.

Discord reportedly rejects Microsoft's $12 billion acquisition offer

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.

Netflix stocks tank after revealing underwhelming subscriber growth numbers

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.

Hero MotoCorp temporarily halts manufacturing due to rising COVID-19 cases

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.

How global part shortages could impact India's price-sensitive smartphone market

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.

Sensex crashes over 1,300 points in early trade

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.

How is India Inc. stepping up to defeat coronavirus?

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.

Amazon Prime adds 50 million subscribers thanks to the pandemic

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.

Global chip shortages will continue until 2023, TSMC says

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.

Flipkart to acquire Cleartrip to diversify its offerings

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.

New WhatsApp privacy policy could face intervention from German regulators

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.

Apple's 'Spring Loaded' event confirmed for April 20

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.

Fortnite-maker Epic Games raises $1 billion; Valued at $28.7 billion

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.

Microsoft buys Siri co-creator Nuance in $19.7 billion deal

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.

Flipkart strikes deal with Adani; to create 2,500 more jobs

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.

Sensex nosedives over 1,400 points in early trade

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.

Signal Payments announced with support for cryptocurrency

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.

US official calls Tim Cook's voting on iPhone suggestion 'preposterous'

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."

A Cricketer's Guide to Crypto Investing

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.

Indian social media platform ShareChat raises $502 million, becomes unicorn

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.

Following outcry, Tesla refunded customers who were double-charged for cars

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.

Sensex surges over 300 points in early trade

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.

Mukesh Ambani dethrones Jack Ma as Asia's richest person

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.

RBI MPC keeps repo rate unchanged at 4%

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.

CRED's valuation skyrockets to $2.2 billion following fresh investment

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.

Sensex jumps over 300 points in early trade

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.

BYJU's acquires Aakash Educational Services for $1 billion

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.

Musk wants to hire you even without a college degree

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.

LG announces shutdown of global smartphone business

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.

Sensex plummets over 1,400 points amid spurt in COVID-19 cases

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.

HP announces gaming scholarship with benefits worth Rs. 12 lakh

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.

TSMC's silicon wafer price hike could affect Apple's iPhone 13

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.

Tesla sold more cars than it produced in Q1 2021

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.

Amazon explored opening discount stores to clear out unsold products

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.

Apple knowingly sold MacBooks with defective displays: US Judge

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.

Government will give $1 billion to chip-makers manufacturing in India

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.

PSU bank merger: How it impacts you as a customer

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).