Business News
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25 Feb 2021
Flipkart mulls deployment of over 25,000 electric vehicles by 2030
Flipkart has announced that its city logistics fleet will comprise over 25,000 electric vehicles (EVs) by 2030. They shall be designed and assembled in India.
25 Feb 2021
Facebook pledges $1 billion to news industry after Australian standoff
The Australian news media code has caused great upheaval in the social media space. After Facebook's recent shutdown of news feed in the country and quick reversal, the social media giant has pledged to invest $1 billion to "support the news industry".
25 Feb 2021
Flipkart Mobiles Bonanza sale: Deals and discounts on best-selling smartphones
Flipkart has kicked-off its Mobiles Bonanza Sale in India with a wide range of discounts and offers on some of the best-selling smartphones.
25 Feb 2021
LG's smartphone business still for sale; Talks with Vingroup collapse
LG Electronics is planning to sell its mobile business after racking up $4.5 billion in losses over five years. We recently reported that the company had chanced upon a possible buyer for its smartphone business.
24 Feb 2021
Amazon partners with Mahindra Electric to strengthen EV delivery fleet
Amazon and Mahindra Electric have signed a pact to add more electric vehicles (EVs) to the former's delivery fleet in India. Last year, the e-commerce giant had said that 10,000 EVs would be included in its fleet by 2025.
24 Feb 2021
Trading halted on NSE due to telecommunication link issues
Severe technical issues have halted trading on the National Stock Exchange (NSE) today. Ongoing issues with the stock index's telecommunications infrastructure have affected the spot NIFTY and Bank NIFTY indexes, which have stopped updating.
24 Feb 2021
ASCI drafts promotional content guidelines for social media influencers
The Advertising Standards Council of India (ASCI) has issued a set of draft guidelines that directs influencers to prominently label content that promotes products and services on social media.
23 Feb 2021
#DealOfTheDay: iPhone 12 mini available with benefits worth Rs. 6,000
If you are planning to own an iPhone, this might be a good deal for you. Flipkart is offering the iPhone 12 mini (64GB model) with an instant discount of Rs. 6,000 on EMI transactions via HDFC Bank Debit and Credit Cards.
23 Feb 2021
Petrol nears Rs. 91/liter mark in Delhi after latest hike
Petrol price on Tuesday neared the Rs. 91 per liter mark in Delhi and diesel crossed Rs. 81 a liter as fuel prices were hiked again after a two-day pause.
23 Feb 2021
Facebook reverses Australian news ban following amendments to media code
Facebook has walked back the uncompromising and abrupt total ban it had imposed on sharing Australian news sites. The bold move had blocked Facebook's Australian users from viewing and sharing news.
22 Feb 2021
Facebook removes Myanmar military's primary page; Cites repeated policy violations
Facebook has punished the Myanmar military establishment after it led the recent coup that ousted the elected government. The social media giant removed the military establishment's eponymously named Facebook page Tatmadaw, which roughly translates to True News Information Team.
22 Feb 2021
Amazon Fab Phones Fest sale: Deals on best-selling mobiles
Amazon has kicked-off a fresh round of Fab Phones Fest in India starting today. Under the sale, which will end on February 25, the e-commerce giant is offering up to 40% off on smartphones and accessories.
20 Feb 2021
#DealOfTheDay: Mi 10 is available with benefits worth Rs. 10,000
If you are planning to own a high-end smartphone, this might be the deal for you. Amazon is offering an attractive discount of Rs. 5,000 on the Mi 10 model.
20 Feb 2021
Google fires second AI ethics researcher amid diversity dispute
Google has fired Margaret Mitchell who is the founder and former co-lead of the company's Ethical AI group. Google claimed she was fired for violating its code of conduct and security policies.
20 Feb 2021
Border conflict with China impacts iPhone production in India
Repercussions of India's geopolitical tensions with its neighbor China are being felt at Apple's iPhone production facilities in India. The South China Morning Post reports that the tensions have limited the issuance of entrance visas to Chinese engineers, which, in turn, is impacting Apple suppliers in the country.
20 Feb 2021
WhatsApp will implement updated policy despite global outrage
WhatsApp has reiterated that it will implement its privacy policy despite user backlash and government scrutiny. WhatsApp recently published a blog post reminding its dwindling user base that the privacy policy will come into effect on May 15.
18 Feb 2021
Ford to sell only all-electric cars in Europe by 2030
In an attempt to beat CO2 emissions targets and circumvent imminent bans on fuel-guzzling vehicles in certain countries, Ford has announced that it will sell only electric cars in Europe by 2030.
18 Feb 2021
JLR hit by lay-offs; to cut 2,000 jobs globally
Jaguar Land Rover (JLR) is planning to reduce its global workforce by 2,000 in the next financial year. The staff is being briefed on the job cuts.
18 Feb 2021
Tata Group may acquire BigBasket: Details here
Tata Group has reportedly reached an agreement to acquire a majority stake in BigBasket according to unnamed sources privy to the deal.
17 Feb 2021
#DealOfTheDay: Galaxy S21+ 5G available with discounts worth Rs. 30,000
Looking to buy a flagship smartphone? Well, this deal might serve your interests. Amazon is offering Rs. 19,000 off on the Samsung Galaxy S21+ 5G model.
17 Feb 2021
Fuel price hike: Petrol crosses Rs. 100 in Rajasthan
For the first time ever, the price of petrol crossed the Rs. 100 per liter mark in Rajasthan on Wednesday after fuel rates were hiked for the ninth day in a row.
17 Feb 2021
Musk's SpaceX raises $850 million, now valued at $74 billion
Elon Musk's SpaceX has reportedly raised $850 million in an equity funding round last week. CNBC reports the shares were sold at $419.99 apiece. Citing unsubstantiated sources familiar with the financing, the report added that the company is now valued at around $74 billion.
16 Feb 2021
Zuckerberg tells Facebook employees "to inflict pain" on Apple
This weekend, a Wall Street Journal report elaborated upon the ongoing rift between Apple CEO Tim Cook and Facebook boss Mark Zuckerberg.
16 Feb 2021
#DealOfTheDay: OPPO Find X2 available with discounts worth Rs. 26,500
Looking to buy a premium smartphone? This deal should be right up your alley. Amazon is offering an attractive discount of Rs. 12,000 on the OPPO Find X2 model.
16 Feb 2021
Amid Twitter row, Centre to use Koo for quicker updates
The Indian government is reportedly planning to use Twitter rival Koo as its key mode of communication with the public amid a row with the US-based microblogging platform.
16 Feb 2021
Byju's might acquire Edtech start-up Toppr for $150 million
Indian Edtech giant Byju's is closer to acquiring rival Toppr in a deal pegged at approximately $150 million. Both Byju's and Toppr cater to the burgeoning K-12 (Kindergarten to Class 12) education space.
16 Feb 2021
ByteDance could sell TikTok's Indian assets to rival firm Glance
Short-video app TikTok's parent company ByteDance is reportedly exploring the possibility of selling its Indian assets to rival unicorn firm Glance.
15 Feb 2021
Sensex crosses 52K for the first time; Nifty tops 15,300
Equity benchmark Sensex rallied over 610 points to finish above the 52,000-mark for the first time on Monday, tracking significant gains in financial stocks.
15 Feb 2021
Google strikes news pay deal with major Australian media company
Australian media firm Seven West Media has struck a deal with tech giant Google to pay for journalism, according to an announcement made by the two companies on Monday.
15 Feb 2021
Delhi: Cooking gas gets costlier by Rs. 50/cylinder
In a move that is sure to affect millions of households, liquefied petroleum gas (LPG) became costlier in Delhi with a price hike of Rs. 50 per cylinder. Starting Monday, a 14.2 kg non-subsidized cylinder will cost Rs. 769.
12 Feb 2021
Bumble IPO makes Whitney Wolfe Herd world's youngest woman billionaire
Bumble was founded in 2014. The company launched its IPO on Thursday. During trading, the share price went up by 65 percent to $70.31 per share.
12 Feb 2021
Biden slams brakes on Trump's TikTok and WeChat bans
US President Joe Biden has been quite busy passing executive orders undoing Donald Trump's policy decisions. Many of these orders involve reversing Trump administration's measures meant to keep China in check.
12 Feb 2021
#DealOfTheDay: Mi 10T is available with benefits worth Rs. 11,000
If you are planning to buy a premium smartphone, this deal might interest you. Flipkart is offering an attractive discount of Rs. 8,000 on the Mi 10T model.
12 Feb 2021
Bolkar App: A voice based Quora alternative for non-English speakers
Bolkar means 'speaking' in Hindi. Bolkar App enables native speakers of Hindi and Bengali to share their knowledge. The crowdsourced question-answer platform is aimed at people from tier-3 and tier-4 towns of India who aren't conversant with English.
12 Feb 2021
Volkswagen partners with Microsoft to develop autonomous driving technology
Volkswagen has announced that it will use Microsoft's cloud computing services to develop software for its upcoming self-driven cars.
12 Feb 2021
Twitter rival Koo records 3 million downloads after government endorsement
Homegrown Twitter alternative Koo has seen a tremendous growth in its userbase this week. The microblogging app has crossed three million users.
11 Feb 2021
Amazon moves Supreme Court over $3.4bn Future Group-Reliance deal
Amazon has moved India's Supreme Court to stop a $3.4 billion assets sale by its partner, Future Group, to Reliance Industries.
10 Feb 2021
Twitter's stock hits 52-week high after posting $1 billion quarter
Microblogging website Twitter posted a sizable $1 billion quarter, which is also the second time it has hit this mark. The resulting market frenzy propelled the stock value up four percent in after-hours trading, sending it to a 52-week high.
10 Feb 2021
Top 100 wilful defaulters owe Rs. 84,632 crore to banks
The amount of money that the top 100 wilful defaulters owe banks increased in FY20, as compared to a year earlier. The defaulters owe Rs. 84,632 crore to lenders, up from FY19's figure of Rs. 80,344 crore.
09 Feb 2021
EA acquires Glu Mobile for $2.1 billion; Eyes mobile games
The Katamari Damacy of the corporate world has assimilated yet another burgeoning video game studio. Electronic Arts has paid a whopping $2 billion for Glu Mobile.
