Companies

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

China's investment abroad remained stagnant in first three quarters

Xiaomi raises concern after tax searches on Chinese firms in India

After New Delhi launched a probe into Chinese companies on tax and income issues, Chinese experts described the business environment in India as "harsh".

Dec 25, 2021

Go First offers 20% discount on domestic flights for passengers fully vaccinated

Private airline Go First, formerly known as GoAir, has introduced a 20 per cent discount scheme on domestic flights for passengers who have received both doses of Covid vaccine.

Dec 23, 2021

WhatsApp messages to disappear by default unless opted otherwise [Details]

In its new feature, Whatsapp will allow its users to enable 'disappearing messages' for new chats. If users want the chats to remain, they can switch back to the setting easily.

Dec 7, 2021

Samsung unveils new leadership, replaces all 3 CEOs; see who new execs are [details]

In a surprise move, tech-giant Samsung all three CEOs, hinting at the company's future growth and enhancement. The company is set to create management that will let young talents nurture and a flexible corporate culture.