Tesla announced that it wants to raise as much as $2.7 billion from its planned sale of notes and stock to raise much-needed capital – an announcement which was made by the company just a day ago.   The reason for the increase in offering was because of the high positive response from...

The impact on the bottom line of US based chip maker Qualcomm because of its legal fight with iPhone maker Apple Inc over patent rights was made clear for investors. It also included the undisclosed multibillion dollar payment from the case settlement with Apple as one time payment and future...

Citelum now generates more than 75% of its revenue internationally. What is the story behind your success? To have any kind of success in a country, you must establish yourself on a long-term basis. This is necessary to understand the local context and give yourself time to succeed. When I talk...

Telecoms group Vodafone, the second largest telecom service provider of the world, claims to have identified security issues in the telecom equipment that it had purchased from China's Huawei for its business in Italy in two consecutive years of 2011 and 2012.   This was announced by the...

General Electric (GE) investors were partly relieved after the US firm reported a better than expected drop in its earning and spent less cash than what analysts feared it would during the first quarter of the current year.   While Wall Street estimated that there would be a 44 per cent drop...

United Kingdom’s largest auto maker Jaguar Land Rover (JLR) intends to allow drivers of its cars to earn the IOTA cryptocurrency as a reward for them allowing sharing of their data. the company announced this and said that it is carrying out a test for a software for this purpose.   “Smart...

Increased demand for its F-Series pickups and results of the massive cost cuts employed by Ford Motor Co. is now getting reflected in the earnings outlook for the US automaker.     The company’s adjusted profit was way beyond the average estimate of 26 cents a share of analysts at 44...

Intel now has officially moved away from the race for 5G chipsets because it is now seeking to divest its smartphone-modem business.   According to a report published in the Wall Street Journal, this business unit of Intel was considered for purchase by Apple Inc. and had initiated talks for...

The plan of installation of Dedicated Short-Range Communications technology in vehicles the US which allows cars and trucks to communicate with each other to avoid accidents is being stopped for the time being by Toyota Motor Corp, the company has said.   There has been indecision among...

US ride hailing company Uber is targeting to gain a market valuation of up to $91.5 billion from its initial public offering which would make it one of the largest IPOs issued by a company in the US in many years now. Analysts would also be looking closely at the success of the IPO which would...

The market valuation of Microsoft went past Apple Inc's $980 billion market capitalisation following a rise of 4.4 per cent in its shares to $130.54 in late trading after the company announced good forecast on a conference call with investors.   On Wednesday, Microsoft executives predicted...