On Wednesday, India’s Reliance Industries stated, Alphabet Inc’s Google has decided to purchase a 7.7% stake in its digital business for $4.5 billion. The development marks yet another U.S. tech giant backing Reliance Industries’ digital business following Facebook Inc doing so in April 2020. In a webcast at the company’s annual shareholders meeting, Reliance Industries’…
On Wednesday, Nissan Motor Co unveiled its first global model in the last five years – the Ariya electric SUV in the hope that it will lead to its recovery following a year of scandal eating into its earnings. According to sources with knowledge of the matter at hand, initial plans through for the Ariya…
In a report citing an internal video message, Bloomberg News reported Apple Inc as saying, it had informed its staff that a full return to U.S. offices will occur only after the end of this year. Apple is also encouraging staff to work remotely as a means to mitigate the COVID-19 risks, after the coronavirus…
In what is the biggest deal in the United States so far this year, chipmaker Analog Devices Inc has decided to acquire rival Maxim Integrated Products Inc for around $21 billion, with an aim to boost its market share in automotive and 5G chipmaking. Following the acquisition, ADI will have a combined enterprise value of…
In a momentous decision British Prime Minister Boris Johnson is set to ban China’s Huawei from Britain’s 5G network on Tuesday. The development comes at a time when the Chinese company is facing heightened scrutiny over allegations that it can hand over sensitive data to Chinese intelligence following Beijing’s enacting a National Intelligence Law which…
The Chinese video sharing app TikTok was first banned and then unbanned within hours from the mobile phones of its employees by Amazon last week. The largest e-copmmerce company of the world said that the move was done by mistake. There was widespread attention for the Chinese-owned social media platform TikTok by the move by…
Up to $1 billion is being planned to be invested by the Taiwanese chip maker and Apple Inc’ largest contract manufacturer Foxconn in the expansion of its factory in of expand a factory in Southern India where the firm assembles iPhones for Apple, said a report from the news agency Reuters quoting sources with knowledge…
On Monday, in a significant development, authorities in Singapore stated, a blockchain-based payments network that could enable faster and cheaper international settlements has been developed and will soon be ready for a commercial rollout. During the final phase of the years-long ‘Project Ubin’, the Monetary Authority of Singapore teamed up with J.P. Morgan and state…
Volkswagen plans on replacing the head of its software development, reported German newspaper Handelsblatt. The development comes at a time when the German automaker is wrestling with the transition to electric vehicles. According to the report, Christian Senger, a former BMW manager who runs the recently founded Car.Software.Org unit, will be replaced. The development follows…
Qualcomm Inc has decided to purchase a 0.15% stake in India’s Reliance Industries’ digital unit Jio Platforms for $97.1 million (7.3 billion rupees). The development will help Jio Infocomm, Reliance’s telecoms venture, to “roll out advanced 5G infrastructure and services for Indian customers”, said Reliance in a statement. The development comes at a time when…
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