Two weeks ahead of its production schedule, all looks well for Tesla. The success of the company depends on the Model 3. On Monday, with Tesla Inc announcing that it is set to deliver its mass market Model 3 sedan to its first 30 customers on July 28, the company’s shares shot up by 3%…
As shares of online food takeaway company Delivery Hero surged higher on the company’s stock market debut, the company appeared to whet investors’ appetite on Friday. “I’m glad we have had a good start but this is really about the long term… (it’s) about the next 10 to 15 years to build a very good…
Facebook plans on developing a fleet of these drones which can beam down internet connectivity even in the most remote region of the world. Facebook Inc has disclosed that it has completed a second test of its unmanned aircraft that is designed to beam down internet connectivity to remote regions of the globe. Unlike its…
Alibaba’s Echo will speak Mandarin and will be available in China only. According to sources familiar with the matter at hand, Chinese e-commerce giant Alibaba Group Holding Ltd is likely to launch a product that is almost identical to Amazon.com “Echo” speaker next week. Launched in 2014, “Amazon Echo”, is a portable speaker which can…
With the aim of boosting its stake in Southeast Asian online retailer Lazada, ahead of Amazon’s much-anticipated entry into the region, Chinese e-commerce giant Alibaba is ponying up $1 billion. Effectively bringing its total investment to over $2 billion, its stake in the company will be increased from 51 percent to about 83 percent, Alibaba said on Wednesday.…
By saying the $18 billion deal was being held up due to differences of opinion within the consortium chosen as preferred bidder, Japan’s Toshiba Corp has pushed back its timeline to clinch a sale of its prized flash memory chip unit. One day after the U.S. firm Western Digital Corp resubmitted a bid for the…
Among other things – Google and Microsoft share a legacy of battling antitrust cases. Instead of doing the legal equivalent of the ostrich act, Google should recognize the signs and strategically change course. With the European Commission handing down an exemplary fine on Google, the search giant’s clash with antitrust enforcers in the EU has…
Indian IT companies have created and will continue to create U.S. jobs and positively contribute to the U.S. economy. India’s third largest software exporter clarified that more than half of its U.S. workforce consists of locals. Wipro’s statement comes in the wake of U.S. President Donald Trump asking federal agencies to review a visa program…
Auto parts suppliers are set to play a key role in smart cars. Here’s how… Although the instrument panel on your gas guzzling new car sports sleek digital gauges with multicolored screens, a peek behind the electronics that keep everything together reveals a rat’s nest of components crammed together to get everything going. Auto suppliers,…
The iPhone chip supplier Qualcomm, must now wage a fight with U.S. regulators even as it contests a separate $1 billion lawsuit filed by Apple Inc which became clear after the ruling of a federal judge ruled late on Monday where the Federal Trade Commission’s antitrust lawsuit against Qualcomm Inc was allowed to be proceeded.…
