Although Cognizant reported a revenue rise of 10%, its net income for the first quarter fell to $520 million compared to $557 million from a year ago. On Monday, Cognizant Technology Solutions Corp, an IT services company, stated, its revenues have risen by 10% stemming from higher spending by clients in the healthcare and financial…
The deal essentially acts as a point of entry for Wal-Mart into India’s highly competitive e-commerce market. Flipkart and Wal-Mart can finally level the playing field against Amazon.com, the world’s biggest online retailer. On Friday, as per a Bloomberg report citing anonymous sources, Indian e-commerce giant Flipkart has agreed to sell an a 75% equity…
The European Bicycle Manufacturers Association (EBMA) has alleged that Chinese e-bike exports are, at times, below the cost of production. On Thursday, the EU official journey stated the European Commission has subjected the import of electric bicycles (e-bikes) from China subject to registration. This is part of a series of investigations launched by the European…
3D printed parts are likely to be a game changer for the auto industry. In GM’s case, the adoption of AI to make parts has resulted in creating a part which is 40% lighter and 20% stronger and has significant drop in the number of components required for the part to function. Its a giant…
Flipkart is likely to provide Wal-Mart the leverage it needs to fight Amazon.com in India and globally, making the purchase of a stake in Flipkart very strategic. On Wednesday, sources familiar with the matter at hand have told CNBC-TV18 that Amazon.com Inc has made a formal offer to purchase a 60% stake in Indian online…
Tesla has dismissed the lawsuit saying it has no merits. Nikola Motor Co, a maker of hydrogen-powered semi trucks, has filed a lawsuit Tesla Inc for alleged infringements on its patent design. In a court filing, Nikola Motor stated Tesla Inc’s Semi, its first electric heavy duty truck, is “substantially” similar to its design. According…
Video content on Twitter has doubled in the last 1 year. In a move designed to attract online viewerships, and gain advertising revenues, Walt Disney Co stated it will create news, live sports and entertainment programming specifically for Twitter Inc’s social network. Disney’s peers, including MSNBC, NBC, and Viacom Inc’s Comedy Central, BET and MTV…
In a significant shift in its patent licensing strategy Qualcomm’s licensing chief stated its new licensing model is aimed at winning customers and easing regulatory concerns. In a strategic change of tactics, Qualcomm Inc’s patent licensing chief stated, the company has broadened its licensing model in order to lower licensing costs for the next generation…
TCMC, the world’s biggest contract chipmakers plans on sinking in $1.3 billion in R&D to research future technologies. On Friday, a spokesman for the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co, stated it is planning to plough in $13.50 billion (T$400 billion) to help expand its research and development capacity for future technologies. Clarifying…
The U.S. Administration is increasingly boosting efforts to tilt, what has so far been so far in recent history, a one-sided affair, of collaboration and forced technology transfer from the U.S. to China. Beijing’s Made in China 2025 industrial policy has opened the administration’s eye to China’s furtive motives of leveraging the dual benefits of…
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