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...

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...

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...

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...

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...

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...

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...

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...

The United States is “certainly looking at” banning Chinese social media apps, including TikTok, said the US Secretary of State Mike Pompeo, effectively suggesting that Chinese app had shared personal information of its American users with the Chinese government.   These charges have been...

United States electric car maker Tesla Inc did not spare the chance to poke fun at the company’s naysayers and criticizers - with sales of red satin shorts, after the company overtook Toyota Motor Corp to become the most valuable automaker of the world and stunned the market with car deliveries in...

It was about a year ago that both the United States based aircraft making giant Boeing Co as well its suppliers had set the final number of parts that would be needed for the last lot of the 747 jumbo jet program of the plane maker.   This was a very strong signal about the imminent end of...