Business News
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28 Jan 2021
RedditReddit's WallStreetBets goes private; banned on Discord for 'hate speech'
Hedge funds have lost billions shorting GameStop and AMC stocks.
28 Jan 2021
RedditWall Street short-sellers lose $5 billion to Redditors over GameStop
Short-selling video game retailer GameStop's stock has cost investors and hedge funds $5 billion in losses (once you apply some fancy financial calculations) in 2021.
27 Jan 2021
MumbaiBranded petrol crosses Rs. 100 mark in Rajasthan
Branded or premium petrol price crossed Rs. 100 mark in Sriganganagar, Rajasthan as petrol and diesel prices were hiked on Wednesday for the second consecutive day.
25 Jan 2021
Elon MuskTesla sues former employee for stealing 26,000 confidential files
According to a legal filing, Tesla has sued a former Software Automation Engineer, Alex Khatilov for trade secret theft and breach of contract. In an interview with New York Post, Alex claimed he "forgot" about moving the files to his personal Dropbox.
25 Jan 2021
GoogleGoogle's US office facilities will serve as COVID-19 vaccination clinics
Google CEO Sundar Pichai announced via a tweet on Monday that his organization will open its facilities in the US to serve as mass COVID-19 vaccination sites. Further, the tech giant has committed more than $150 million in free ads to promote vaccine education.
25 Jan 2021
IndiaIndia's richest 100 earned Rs. 13 lakh crore since March-2020
India's top 100 billionaires saw their wealth increase by Rs. 13 lakh crore since March last year even as the COVID-19 pandemic led to severe job losses, Oxfam said in its latest report.
23 Jan 2021
Elon MuskWaymo CEO dismisses Tesla's Autopilot; doesn't consider it competition
Tesla is widely considered the leader in self-driving car technology, but rival Waymo's CEO John Krafcik begs to differ. In an interview with the Manager magazine, the head of Google's autonomous vehicle endeavor rubbished the idea of Tesla being a competitor.
23 Jan 2021
MumbaiPetrol and diesel prices touch all-time highs: Details here
Petrol and diesel prices on Saturday were hiked by 25 paise per liter each, the second consecutive day of the rate increase, taking the prices to a new record high.
23 Jan 2021
Amazon#DealOfTheDay: iPhone 12 mini available with benefits worth Rs. 9,900
If you are planning to buy the latest iPhone, this might be a great deal for you. Amazon is offering an attractive discount of Rs. 5,410 on the marked price of the iPhone 12 mini.
22 Jan 2021
MicrosoftApple quietly headhunts top cloud computing talent; Hints at self-reliance
Apple has reportedly been headhunting high-profile cloud computing engineers, while focusing on engineers specializing in container and Kubernetes technologies. These form the building blocks of cloud computing infrastructure underpinning Amazon Web Services (AWS) and Microsoft's Azure.
22 Jan 2021
Flipkart#DealOfTheDay: Mi 10T is available with benefits worth Rs. 11,000
If you're planning to buy a top-of-the-line handset at affordable prices, this might be a good deal for you. Flipkart is offering a discount of Rs. 8,000 on the Mi 10T (8GB/128GB model).
22 Jan 2021
HaryanaNitin Negi, Sahil Wadhwa give social media hacks to millennials
In today's time, with the advent of social media, experience has taken a back seat, while a creative mind and engaging skill have become the things that matter most.
22 Jan 2021
Central Bureau Of Investigation (CBI)Facebook data breach: CBI books Cambridge Analytica, Global Science Research
The Central Bureau of Investigation (CBI) has filed a complaint against United Kingdom-based consulting firm Cambridge Analytica and Global Science Research in connection with the Facebook data theft case.
22 Jan 2021
PorscheIndia's first Porsche Studio opens in New Delhi
Porsche has introduced a new showroom format for India called the 'Porsche Studio.' It is one of just 14 in the world.
22 Jan 2021
Health & WellnessKimayra Essential Oils: Goodness of Himalayan herbs bottled for you
Kimayra, a luxurious skincare brand, takes care of every skin type by making sure to provide the best edible products that are natural and unadulterated.
22 Jan 2021
Hero MotoCorpHero MotoCorp's 100 millionth two-wheeler rolled out; new models unveiled
Hero MotoCorp, the world's biggest two-wheeler manufacturer by volume, has rolled out its 100 millionth bike (cumulative) from its Haridwar factory in Uttarakhand. The special two-wheeler was the Xtreme 160R- a premium 160cc commuter motorcycle.
22 Jan 2021
FacebookGoogle threatens to disable Search in Australia; Facebook follows suit
Google has threatened to disable its search engine in Australia in an attempt to stop the government from passing a law that will force it to pay local media outlets for sharing their news content.
22 Jan 2021
IndiaBajaj Auto records its highest quarterly net profit in history
Bajaj Auto has clocked a 23% increase in net profit (Rs. 1,556 crore) for the quarter ending December 31, 2020. In comparison, the company had reported a net profit of Rs. 1,262 crore between October 2019 to December 2019.
21 Jan 2021
FlipkartIndia's planned foreign investment policy changes could hurt Amazon
Sources informed Reuters of Indian government's plans to change foreign investment policies that could impact the e-commerce giants like Amazon and Walmart.
21 Jan 2021
XWhatsApp responds to Indian government's letter regarding privacy policy update
On Tuesday, the Indian government's Ministry of Electronics and Information Technology (MeitY) sent a strongly worded letter to WhatsApp CEO Will Cathcart, asking him to withdraw the recent update to the Terms of Service and Privacy Policy for Indian users.
21 Jan 2021
AmazonAmazon offers Biden help with vaccination immediately after Trump leaves
Amazon has offered to help Biden administration with COVID-19 vaccine distribution. In a letter signed off by the company's Worldwide Consumer CEO Dave Clark, Amazon offered assistance to Biden's ambitious goal of vaccinating 100 million Americans within the first 100 days of his term.
21 Jan 2021
SensexHistory created: Sensex breaches 50,000-mark for the first time ever
In a development that is sure to make investors, market watchers, and companies happy, S&P BSE Sensex crossed the 50,000-mark for the first time ever on Thursday.
21 Jan 2021
MicrosoftMicrosoft partners with GM, invests $2bn in self-driving start-up Cruise
Microsoft has jumped headlong into the driverless car space by investing $2 billion in Cruise. Microsoft's stake in General Motors' autonomous vehicle subsidiary takes its total valuation to an impressive $30 billion.
20 Jan 2021
SamsungLG considers leaving the smartphone business in 2021
LG is mulling an exit from the fiercely competitive smartphone space. The soon-to-be-former smartphone maker is considering a 2021 exit strategy, after the phone business lost $4.5 billion over the last five years.
20 Jan 2021
XTesla hiring support specialists for Twitter complaints directed at Musk
In an unusual development, Tesla has posted a job listing for a role that involves handling "social media escalations directed at the CEO." Elon Musk has a reputation for replying to most customer questions on Twitter, ever since the company dissolved its PR team.
20 Jan 2021
General MotorsFord ordered to recall three million vehicles with Takata airbags
US auto safety regulator, National Highway Traffic Safety Administration (NHTSA) has ordered Ford to recall three million vehicles with potentially defective Takata airbags.
20 Jan 2021
NetflixNetflix crosses 200 million subscribers, Q4 2020 nets 8.5 million
Netflix, the revolutionary on-demand media streaming service, has surpassed an impressive milestone of 203.6 million subscribers.
19 Jan 2021
WhatsAppIndia demands WhatsApp to withdraw new privacy policy
The Indian government has demanded WhatsApp to withdraw its updated privacy policy. It has deemed the messaging service's unilateral changes to be unfair and unacceptable while issuing the ultimatum.
19 Jan 2021
FlipkartFlipkart 'Big Saving Days' sale: Discounts on popular smartphones
Flipkart has kicked-off its 'Big Saving Days' sale in India for Plus members starting today. However, for non-Plus members, it will go live on December 20.
19 Jan 2021
ReutersIndia to hike import duties on smartphones, electronics, etc.: Report
India is reportedly considering a hike in import duties by 5-10% on smartphones, electronic components, and appliances among more than 50 items in the upcoming Union Budget.
19 Jan 2021
RenaultOutlining new business strategy, Renault reveals 5 E-TECH all-electric prototype
Renault has announced its "Renaulution" strategy through which it aims to strongly position the brand in the field of electric mobility and clean energy in the coming years.
18 Jan 2021
HuaweiTrump fires parting salvo at Huawei, imposes further restrictions
During its final week in office and a year after it put Huawei on the Entity List, the Trump administration delivered another blow to the Chinese smartphone maker.
18 Jan 2021
WhatsAppSoon, Reliance may let you order groceries from WhatsApp
Mukesh Ambani-led Reliance Retail Ltd. is reportedly working toward embedding JioMart into WhatsApp within the next six months. The move will allow 400-million Indian WhatsApp users to address their grocery needs from neighboring outlets through Ambani's hyperlocal e-commerce platform.
15 Jan 2021
BusinessTarun Bhati: A 19-year-old who owns three different companies
Tarun Bhati, a 19-year-old owner of three different companies, started at the young age of 15 by running Minecraft Server just to be self-reliant.
15 Jan 2021
XiaomiXiaomi blacklisted: Trump administration gives until November 11 to divest
In its final days, US President Donald Trump-led administration has added nine companies to Pentagon's list of suspected "communist Chinese military companies". The list includes plane maker Commercial Aircraft of China (COMAC) in addition to smartphone manufacturer Xiaomi as per a Reuters report.
15 Jan 2021
TechnologyNVIDIA and AMD on GPU shortages: No improvement until May
The latest GPUs from NVIDIA and AMD have been nigh impossible to purchase from launch day itself. The precious few cards available were quickly lapped up by scalpers using bots and re-listed on eBay for a staggering premium.
14 Jan 2021
QualcommQualcomm buys chip design firm founded by former Apple engineers
Not long after Apple shook the computing space with it prodigious M1 chip, Qualcomm has lapped up a chip design firm founded two years ago by former Apple engineers.
14 Jan 2021
IndiaUnion Budget 2021 on February 1: Here are key expectations
As India hopes to recover from the COVID-19-induced economic crisis, all eyes are now on the Union Budget for the upcoming financial year.
14 Jan 2021
MumbaiHiked prices of petrol and diesel reach new highs
Petrol and diesel prices on Thursday were hiked by 25 paise per liter each, the second consecutive day of increase in rates, taking the prices to new highs.
14 Jan 2021
Nitin GadkariTesla enters India, sets shop in Bengaluru; Gadkari confirms news
After years of speculation and a failed pre-order attempt, Tesla has finally entered India. And this time it's for real because the company has registered an Indian arm in Bengaluru, Karnataka.
