The United States based plane maker Boeing could have a chance to regain lost ground in the Indian aviation market because of the plans of Indian billionaire Rakesh Jhunjhunwala to launch an ultra-low-cost airline in the country. Boeing got a rude shock for its business in India two years ago with the failure of the…
A record fine of €746 million ($887 million) GDPR fine was slapped on Amazon by Luxembourg’s National Commission for Data Protection (CNPD) over the manner in which the e-retailer collects and uses user data for conducting targeted advertising. This disclosure was made by Amazon in an SEC filing on Friday. In the filing the largest…
The new trucks division that Daimler wants to spin off later this year will have a 35 per cent belonging to the parent company, said the luxury carmaker said on Friday. This information was shared by the company on a landmark corporate split that Daimler hopes will cause a surge in its share values. The…
Chevron Corp announced a share buyback program with it reporting its highest profit in six quarters as the oil and gas firm joined other industry peers to share profits with shareholders with a rebound in crude oil prices pushed earnings and cash flow to levels before the pandemic hit. An increase in demand and use…
On Friday, Apple Inc’s chip supplier Taiwan Semiconductor Manufacturing Co said, a few of its production lines in southern Taiwan have been hit by a contamination of gases that are used in the chipmaking process. The incident is unlikely to significant impact its operations, said TSMC. In a report, Japanese news agency Nikkei reported, TSMC’s most advanced…
Revenue growth is expected to “significantly” slowdown in the second half of the current year, warned the largest social media company of the world Facebook. This was stated by the company as it reported a significant growth in its revenue for the three months to 30 June to $29bn compared to $18.69bn in the same…
The global shortage of computer chips is likely to impact smartphone manufacturing after the shortage has hit a range of industries – from automobiles to video game consoles. Since towards the end of last year, there has been a shortage of computer chips because of a combination of factors including closures of facilities because of…
In a statement Volkswagen’s CEO said, the company must change its approach to how it sells electric vehicles (EV) in China, in a response to dismal EV sales there. “Sales are picking up but it requires focus and different approaches as the customers for the EVs are much younger and different to our customer base…
On Thursday, South Korean game developer Krafton Inc said, it had priced its initial public offering (IPO) at the top of its indicative range to raise $3.75 billion (4.3 trillion won). Krafton’s shares were priced at 498,000 won compared with a range of 400,000-498,000 won per share. Despite the target cut, it is the second-biggest…
With deliveries of its best seller planes, the 737 MAX jets, picking up during the quarter, United States based plane maker Boeing Co reported its first quarterly profits in almost two years, as global travel has started to see a revamp form the near collapse during the pandemic with a steady pace of Covid-19 vaccine…
