The Latest ‘Unicorn’ Is An Indian Start-Up Running A Second-Hand Car Platform

The value of a second-hand car website from India has rocketed to more than $1bn helping it to achieve unicorn status. With people looking to get access to alternatives to public transport such as pre-owned cars during the pandemic, a significant increase in its business has been witnessed by India’s Cars24. When a national lockdown…

India takes resolute trade action to defend consumer data from harvesting Chinese apps

With India taking legal resolute measures to fight China’s harvesting of consumer data through apps and promptly banning those which do not comply to its security standards, China is starting to feel the pinch of loss of business and has opposed New Delhi’s move. The development comes in the wake of China making belligerent claims…

Central bank digital currency will help ease trading in cryptocurrencies

In a statement, Oki Matsumoto, the head of Japan’s Monex Group said, digital currencies of Japan’s central bank will help boost trading of cryptocurrencies by providing a trusted and convenient platform for converting them into legal tenders. Welcoming the move the Bank of Japan, Matsumoto, the CEO of the Monex Group said, it will look…

Elon Musk And Bill Gates Are Both Second Richest Man In The World

According to the Bloomberg Billionaires index, which tracks the 500 wealthiest people in the world, the net worth of Tesla CEO reached $127.9 billion on Monday, with the shares of the electric vehicle maker reaching a record high. This sudden increase in Musk’s net worth made him the second-richest person of the world, beating Bill…

Best Quarterly Revenue Growth In 25 Years Reported By Best Buy For Q3

The United States based electronics retailer Best Buy notched up its largest quarterly sales growth in 25 years in the three months ending on October 31 as the company benefitted significantly from the rising trend of consumers purchasing laptops, home theatre systems, kitchen appliances and other electronics products with such consumers being forced to spend…

Britain’s Telecommunications (Security) Bill bans Huawei Technologies Co Ltd

In a significant development, the British government is set to pass a bill which will see British telecoms companies facing a fine of up to 10% of their turnover or $133,140 (100,000 pounds) a day fine, if they contravene a ban on using equipment made by China’s Huawei Technologies Co Ltd. The Telecommunications (Security) Bill…