The Serum Institute of India (SII) has entered into a partnership with an industry body to expand the reach of the Covid-19 vaccines, which it makes with a license from AstraZeneca, to the rural areas of India, the largest vaccine maker of the world said on Friday. There was “plenty of supply” of the AstraZeneca…
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…
With countries stocking up on its Covid-19 vaccines and ordering more for the rest of the year, its forecast for full-year sales of its vaccine was raised by Pfizer Inc on Wednesday by almost 29 per cent to $33.5 billion. Pfizer partnered with Germany’s BioNTech to develop the vaccine. While reaffirming that a booster dose…
Ahead of its potential IPO in 2022, India-focussed Silicon Valley messaging startup Gupshup said, it had raised $240 million in a funding round that was led by Tiger Global Management and others. While investment from venture capitalists is typically used for hiring engineers or expanding sales and marketing, buy-back deals allow investors, in the startup,…
On Wednesday, in a statement Class Technologies Inc said, it has raised $105 million in a funding round that was led by SoftBank Group Corp’s Vision Fund 2. Class Technologies Inc makes tools for Zoom Video Communications Inc’s platform to enhance online classes. Class Technologies Inc, an educational tech startup was created by Michael Chasen…
