Companies

Apple fined $5.6 mn per week over Dutch dating apps row

The Dutch consumer watchdog has announced to penalise Apple 5 million euros (nearly $5.6 million) per week for failing to make necessary changes in its App Store policies regarding payment systems for dating app providers.

Jan 25, 2022

Swiggy becomes fifth Indian decacron; valued at $10.7 billion after raising $700mn [details]

With this funding, Swiggy also surpassed the valuation of its closest rival Zomato that saw its stock hammered and closing at Rs 90.95 on Monday, shrinking its market cap to below $10 billion.

Jan 24, 2022

Apple implements new verification process for educational discounts in US

Tech giant Apple has introduced a new verification process in the US to ensure that customers who want to benefit from its discounted education pricing are involved in education.

Jan 22, 2022

Walmart is putting Indian sellers on global map; extends invitation for overseas expansion [details]

India is already one of Walmart's top sourcing markets, and the company has set an ambitious goal of exporting $10 billion from India each year by 2027.

Jan 20, 2022

sony, sony pictures, ten sports, cci clears sony-ten sports deal, sports

Sony shares plunge after Microsoft's buyout of Activision-Blizzard [Details]

Shares of Japanese technology giant Sony have slumped by 9% in Tokyo trade after Microsoft said it plans to buy mega games company Activision Blizzard

Jan 19, 2022

Explained: Here's Why Motherson Sumi share price tanked by 21% [details]

Notably, Motherson Sumi's stock price has increased at a CAGR of nearly 13% since January 2017, well exceeding the Nifty Auto index.

Jan 14, 2022

IBM acquires emissions data company Envizi; value undisclosed [details]

IBM acquires Envizi software provider environmental performance. Envizi's software automates the collection and consolidation of data.

Jan 12, 2022

Apple paid record $60 billion to App Store developers in 2021; $200bn to date [details]

App stores connect businesses globally and that led to the developer selling digital goods and services on the apple app store and have earned $260 billion.

Jan 11, 2022

Govt becomes biggest shareholder in Vodafone Idea as telco converts dues into equity [details]

The Centre will hold around 35.8 per cent of the total outstanding shares of the company, and the promoter shareholders would be around 28.5 per cent (Vodafone Group) and around 17.8 per cent (Aditya Birla Group), respectively.

Jan 11, 2022

IBM likely to sell Watson Health for $1 bn: Report

IBM looking to sell watson health division for more then dollar 1 billion.It has spent $4 billions to build watson health care and the unit was rougly generating roughly $1billion revenue.

Jan 9, 2022

Amazon cuts Covid paid time off to 7 days after new norms

Tech giant Amazon is cutting paid leave time for US front-line workers who test positive for Covid-19 or have to quarantine after exposure to the virus.

Jan 9, 2022

TCS bags govt contract for Passport Seva programme; innovating solutions in offing [details]

Driving the second phase of the Passport Seva programme, Tata Consultancy Services (TCS) will bring in major changes, including refreshed facilities, systems and innovative solutions.

Jan 7, 2022

Apple's market cap briefly crosses record $3 trillion after 3 yrs gap; Doubled India business

The market cap of Apple finally crossed the $3-trillion mark (which is almost India's GDP), more than a year after surpassing the $2-trillion mark.

Jan 4, 2022

Mamaearth becomes the first unicorn of 2022; raises $52 million to value at $ 1.2 billion [details]

Sequoia Capital led the fundraising round, and the company is currently valued at $1.2 billion.

Jan 2, 2022

Xiaomi fined over $3k for false ad in China

The Chinese smartphone giant has been fined 20,000 yuan for a false ad in the home country. The reports say that the mistake is due to confusion of specs the phone has to offer.

Dec 25, 2021

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