In a report, Bloomberg News said, China’s ByteDance is exploring the sale of TikTok’s Indian operations to rival Glance, a unicorn. Negotiations, initiated by Japan’s SoftBank Group Corp, early, private, and complex, said the report citing sources people familiar with the matter at hand. InMobi’s short-video app Roposo has gained more market share in India after…
According to a top official from the Securities and Exchange Commission (SEC), a clear cryptocurrency regulatory regime is urgently required with major companies, including Mastercard Inc, Tesla Inc, and BNY Mellon Corp embrace the digital asset class. During an interview, Hester Peirce, a Republican commissioner at the SEC said, while it may be too soon…
In a statement, Microsoft Corp’s President Brad Smith said, the SolarWinds hacking campaign that used the U.S. tech company as a springboard to compromise many U.S. government agencies is “the largest and most sophisticated attack the world has ever seen”. The hacking campaign, identified in December 2020, was allegedly orchestrated by China and Russia, had…
With shoppers of beauty products flocking to shop from online sources during the coronavirus pandemic, the biggest cosmetics group of the world L’Oreal reported better than expected growth in revenues for the fourth quarter of the last year. The closure of airport duty-free shops and high street stores during the Covid-19 pandemic and the shift…
New labels to clearly identify more state-affiliated accounts, including the personal accounts of world’s leaders’ would be started by the social media platform Twitter from next week, the company said. The aim of this move is to provide greater clarity and context to users when they engage in any geopolitical conversation on the micro blogging…
Additional time is being sought by semiconductor companies to appeal against the last minute movers by the last-minute Trump administration of the United States to block sales to Chinese telecoms company Huawei. According to reports quoting sources, the companies are hopeful of a reversal of policy even though analysts see it unlikely that the new…
In a statement the Biden Administration announced that the U.S. Department of Energy will “offer $100 million in funding to support low-carbon energy technologies”; it will also create a working group to aid their development and sale. The announcement was made by National Climate Advisor Gina McCarthy at the White House’s first meeting of the…
Even though the Covid-19 vaccine development by AstraZeneca may not be the perfect one but it will have a big impact on the pandemic, predicted the company’s chief executiveas the company assured of taking up measures to double supplies of its vaccine to more than 200 million a month by the month of April. The…
In a statement Toyota Motor Corp said it will unveil two new electric vehicles which will go on sale in the United States midst growing push by the Biden administration to cut vehicle emissions. The announcement pushed up the Japanese automaker’s shares. Toyota also mentioned that it expects hybrid vehicles or electric vehicles to make…
In a statement the White House said, the Bidden Administration has not set a specific timetable for reviewing TikTok and other issues related to Chinese technology companies; further, the administration is also not undertaking any new proactive new steps now. The development marks a softening of U.S. approach towards China. According to two sources briefed…
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