There was a massive 65.8 per cent surge in the stocks of the Indian food delivery firm Zomato Ltd in its stock market debut on Friday which set the value of the company at 988.49 billion rupees ($13.28 billion) while also and setting up the stage for other domestic Indian startups to plan their own...

A surge in sales in China and the United States helped the Italian fashion group Giorgio Armani to report a 34 per cent jump in sales for the first half of 2021 as the company strongly bounced back from the pandemic hit to its business.   The brand however said that a complete recovery for...

A federal court in the United States has been approached by General Motors Co and its Cruise robo-taxi subsidiary to stop the use of the name "BlueCruise" by Ford Motor Co in its marketing campaign for its hands-free driving technology.   This was stated by GM on Saturday.   The use...

Tesla wrote off a letter to Indian minister requesting a big reduction in import duties on electric vehicles into the country, claimed reports citing sources with knowledge of the matter, which was followed by a tweet from Tesla’s Chief Executive Elon Musk stating that the company was likely to set...

The ad targeting improvements for helping brands to reach potential customers rolled out during the second quarter helped the social media platform Twitter Inc to beat revenue estimates of the Wall Street for the quarter.    The results pushed Twitter’s shares up by 5 per cent. ...

Despite reporting revenue and earnings per share that comfortably neat its own estimates as well as estimates of Wall Street, United States based chip maker Intel’s shares dropped 2 per cent as investors accorded more importance to the cautionary guidance on margins in the current quarter provided...

The $27.7 billion acquisition of Slack Technologies Inc by business software maker Salesforce.com has now been closed, the company said on Wednesday,   The basis of the acquisition is Salesforce’s belief that the workplace app of Slack will gain popularity fast and be extensively used for...

United States based electric car maker Tesla will conduct due diligence to make an assessment of the amount of renewable energy that would be used to mine bitcoin and then will most likely restart accepting the cryptocurrency as payment for its cars, said  the company’s Chief Executive Officer...

Johnson & Johnson has been reported to be planning to shift the liabilities originating from hundreds of litigations related to its Baby Powder onto a newly created business which would then seek bankruptcy protection, said claimed reports quoting information from people familiar with the...

In a recent comment, United States President Joe Biden had asserted that the social media platform Facebook, the largest such platform in the world in terms of actively monthly users, is "killing people" as it allows rampant spread of misinformation about coronavirus vaccines on its platform/...

The United States based plant based alternative meat firm Beyond Meat has launched an online store in China on JD.com's e-commerce platform, the company has said.  This is a part of the strategy of the plant-based meat maker to increase sale of its products in the biggest meat market of the...