Amazon has been able to temporarily block a multibillion-dollar deal between two of India’s biggest retailers after a major legal victory in an Indian court. Following a complaint by Amazon last year, an agreement by Reliance Industries to purchase local rival Future Retail for $3.3 billion has been put on hold on an order from…
The Japanese electronics and media giant Sony Corp said that it was not being able to cater to the increased demand for the new PlayStation 5 caused by the Vodi-19 pandemic because of a global shortage of critical semiconductors while it raised the full year profit outlook by one third based on better demand. The…
Millions of users of the messaging service WhatsApp have adopted alternative services such as Signal and Telegram because of a update to the app’s terms of service that was arguably poorly explained by the company. The magnitude of exodus of users has forced the Facebook owned company to postpone the implementation of the new…
An apparent fight between private and professional investors resulted in the shares of an almost failed company, the United States based games company Gamestop, rising by as much as 300 per cent within week last week. In a world that is moving online, the video games bricks and mortar retailer Gamestop is arguably something of…
The United States based office sharing firm WeWork is currently working to get listed and is talking to do that through a merger with a special purpose acquisition company (SPAC)m said reports quoting sources. The company currently owned by the Japanese conglomerate SoftBank is also reported to be exploring avenues to raise funds from private…
Polarisation and misinformation on social media was severely criticised by the Chief Executive Officer of Apple Inc, Tim Cook this week. According to analysts, his comments added fuel to an already intense confrontation between the iPhone maker and the largest social media platform of the world Facebook. According to Cook, several apps were liable to…
For the first time in the last 37 years, the international beer company Budweiser will not be sponsoring the Super Bowl and the company’s Clydesdale horses, which have become synonymous with the super event, will not be seen this year. The company said on Monday that the money that it would have otherwise been spent…
With more countries starting to implement mass immunization programs against eth Covid-19 disease, there is a gradual improvement in the outlook for the global aviation industry, said Tony Fernandes, CEO of AirAsia. According to Fernandes, while the airline, one of the largest low budget airlines of Asia, expects to restart operations within “a large part”…
The United States based pharma company and the developer of one of the few Covid-19 vaccines that have gained wide approval – Moderna, has said that it is striving to speed up work for developing a booster dose of the vaccine which will act as a safeguard for the new variant of the novel coronavirus…
The novel coronavirus pandemic has offered an immediate business opportunity to Verily, a healthcare venture of Alphabet Inc and is considered to be one of the most prominent among the “other bets” of the tech giant. In a major shift in its core operations, the company deployed many of its about 1,000 employees, who were…
