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Analysts At Wall Street Ignore Weak Subscriber Forecast By Netflix

Despite Netflix Inc forecasting weak growth in subscribers for the third quarter, analysts at Wall Street shrugged of the forecast and instead focused on the record number of users that the video streaming service had notched up in the first half of the current year.   Analysts also...

All Ads On Content Related To Cvoid-19 Conspiracy Theories Banned By Google

All websites and apps advertisements that are placed on “dangerous content” that goes against scientific consensus during the novel coronavirus pandemic with the use of its advertising technology will be prevented, said Alphabet Inc’s Google on Friday.   With the global Cvoid-19 pandemic...

No More Sedans To Me Made By Daimler In The US, Says The Company

Even after posting a smaller-than-expected quarterly loss, German auto making giant Daimler has announced that it would stop manufacturing Mercedes-Benz sedans in the United States and Mexico with the aim of further deepening its cost saving strategy.   Output of its Mercedes-Benz C-Class...

Japan's Hitachi To Ditch Seniority Based Pay For Merit Based Pay

One of the most famous practices of corporate Japan, seniority based pay, which is still followed by a number of the largest corporate of the country, is to be scrapped with  by Japan’s Hitachi Ltd.   According to analysts, this move by the company which has been historically better...

Emergence Of India’s Reliance A Threat For American Firms Like Amazon, Walmart

The aim of India’s Reliance of getting closer to transforming into a digital giant can be helped by the $20 billion fund raising spree that the company concluded recently. According to analysts that can be a threat to ambitious plans of United States based companies like Amazon, Walmart and Zoom...

Pandemic Hit Nissan Plans To Cut Production By 30% Till December: Reuters

The impact of the novel coronavirus pandemic on the auto industry causing flattening of demand has forced Japan’s Nissan Motor Co to plans cutting down its global vehicle production through December by 30 per cent year on year, claimed a report published by the news agency Reuters.  The aim of...

India’s Jio Platforms To Get $4.Billion Investment From Google

Search engine giant Google will be taking up a stake in India’s Jio Platforms Ltd worth $4.5 billion. Jio is the digital arm of Reliance Industries Ltd.   Google’s investment is the latest in a series of investments in the Indian telecom firm, which already has almost 400 million users in...

EU Court Annuls EU’s €13bn Irish Tax Bill On Apple

Apple has won a crucial tax case in the European Union.   A ruling by the second highest court of the EU ensured that the United State based tech giant   will not have to pay Ireland €13bn in back taxes.     The tax ruling was imposed on Apple by the European...

Boost In Sale Of Snacks Propels Pepsico’s Quarterly Revenues Beating Estimates

A surge in demand for its snack including the likes of Tostitos, Cheetos and Doritos by consumers prior to and during the novel coronavirus pandemic related lockdowns and restrictions helped PepsiCo Inc to beat estimates of analysts for quarterly revenue and profit on Monday.   The general...

$10 Billion To Be Invested By Google In India

Over the next five to seven years a total investment of $10 billion will be made by Alphabet Inc’s Google in India. This was reportedly told by the search giant's boss Sundar Pichai to the Economic Times newspaper of India on Monday.    The target of this huge investment by Google will...

Tesla ‘Very Close’ To Achieving Complete Self-Driving Ability: Elon Musk

Founder and CEO of United States based electric vehicles maker Tesla has claimed that the company will be able to achieve complete autonomous ability for its vehicles by the end of this year.   He said that the company was already "very close" to achieving the basic requirements of this...

Support For Wirecard Bank Being Evaluated Closely By Deutsche Bank: CEO

Despite announcing last week that it was working closely with the German financial watchdog BaFin and the administrators of the collapsed fin tech giant Wirecard about offering any possible support to the banking wing of the collapsed company Wirecard Bank, Deutsche Bank said this week that it was...
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