JLR’s Parent Tata Motors Expects Short Term Impact Of Chip Shortage As Its Reports Recovering Demand

India’s Tata Motors Ltd, the owner of JLR brand, is anticipating an easing of  global supply chain issues that started with the emergence of the Covid-19 pandemic with the rapid roll out of vaccines and forecast on Monday of its optimism to see an enhancement of performance of its business from the second half of…

Toyota Suspended Thailand Vehicle Production Due To Parts Shortage

A shortage of auto parts, including that of semiconductor chips for cars, has forced the Japanese automaker Toyota Motor Corp to stop production of vehicles since earlier this week at three of its manufacturing plants in Thailand, said the Japanese auto major Thursday. The auto company said in a statement that vehicle production at its…

Domino’s Posts Estimate Beating Results As Customers Line Up For Its New Menu Items

There was a surge in demand from customer primarily in the United States as people took top the new menu items of the company, including cheeseburger and chicken taco pizzas, which helped Domino’s Pizza Inc to comfortable beat analysts’ estimates for revenue and profit for the second quarter.   The strong performance of the company…

Visa To Acquire UK Payments Start-Up Currencycloud, Its 2nd Such Acquisition In 2021

British payments start-up Currencycloud is to be acquired by Visa, the payments company said Thursday. This is the second major fintech firm acquisition this year by Visa. Visa said that the acquisition had valued Currencycloud at £700 million ($962 million). At the beginning of 2020, an $80 million investment in Currencycloud had been led by…

63% Jump In UBS Profit For Q2 Driven By Boom In Wealth Management

The Swiss multinational investment bank and financial services company UBS reported a 63 per cent surge in its net profits for the second quarter as it comfortably beat analysts’ expectations with buoyant markets continued to aid the company to generate higher earnings from managing money for the super wealthy, said the largest wealth manager of…

Indian Antitrust Probe Shouldn’t Treat Flipkart And Amazon In The Same Way, Says The Walmart Unit

Walmart’s Flipkart has recently argued with Indian anti-trust regulators that its case should not be treated as the same as its rival Amazon since the evidence against the two companies are “qualitatively different,” according to reports based on Flipkart argument in a court filing. The Competition Commission of India (CCI) has been challenged by both…

Zoom Video Communications Inc acquires cloud-based call center operator Five9 Inc for $14.7 billion

With competition increasing in the videoconferencing sector Zoom Video Communications Inc announced a $14.7 billion all-stock deal to acquire Five9 Inc, a cloud-based call center operator, its largest-ever acquisition. With the Coronavirus-induced COVID-19 pandemic resulting in the closures of schools and businesses, Zoom has become a household name and an investor favorite this year with…