It was just three months ago that the social media giant Facebook announced its decision to make an investment of $5.7 billion in Indian telco Jio Platforms. This week, United States based chip maker Intel said that it would be making an investment of more than $250 million in Jio Platforms....

Recent reports that the two ‘soon to be merged’ car makers Fiat Chrysler (FCA) and PSA were planning to spinning off assets to cut a planned 5.5 billion euro ($6.2 billion) cash payout to FCA shareholders were dismissed by the companies and reiterated that the companies were intent on sticking to...

Manufacturing of its iconic 747 Jumbo Jets would be stopped by United States based aircraft manufacturing giant Boeing after it completes a current order of 16 planes, said reports quoting sources.   Reports said that the company expects to complete the production of the last batch of the...

A second possible Covid-19 vaccine candidate developed by Indian pharma companies was granted permission by Indian regulators this week to start human trials.   The Indian drug maker Zydus has been granted the approval to begin testing the potential vaccine on humans in clinical settings on...

Allegations of conspiracy within Nissan to oust former Chairman Carlos Ghosn have been squarely rejected by the Japanese auto major.  Following the arrest of Ghosn in Japan in November 2018 on charges of financial misconduct at Nissan, there were allegations of conspiracy being hatched...

Microsoft will close down all of its physical retail stores globally.   The company has said that all Microsoft Store locations in the United States and around the world will be closed down by it.   The company announced that it will retail physical stores in only four locations which...

All advertisements on social media will be stopped by Starbucks Corp in its efforts to try and stop the spread of hate speech, the global coffee chain said in a statement.    The company will "have discussions internally and with media partners and civil rights organizations to stop the...

The chief operating officer of Gulf airline Emirates believes that there is need to further redefine its strategy of the company following the near halting of global aviation industry because of the novel coronavirus pandemic.   The airline however also stressed on the need to bring in more...

Markets were in for a surprise when the sport apparel company Nike reported a loss for the latest completed quarter which was a first quarterly loss for the company in over two years.    The company said that its business was affected significantly by the closure of its department and...

Amid rising protests against racial and color discrimination, Unilever has said that it will be renaming its cream called ‘Fair & Lovely’ which is touted as a skin-lightening cream and one that has been criticized for promoting social stereotypes centered around darker skin tones.   All...

After being announced by the social media company Facebook Inc.’s WhatsApp earlier this month, its planned WhatsApp messenger payment feature has been suspended in Brazil by the country’s Central Bank. Brazil is the second largest market in the world for WhatsApp after India with more than 120...