The development assumes significance as it marks Hyundai’s forray into fleet vehicles. In a move aimed at helping Indian ride-hailing platform Ola catch up, South Korean automakers Hyundai Motor Co and Kia Motors Corp stated, they will invest a combined total of $300 million in Ola. The move follows the $275 million that the pair…
With a population of 1.3 billion and with more than 400 million smartphone users, India is a massive market for streaming service. In less than 7 days, Spotify Technology SA, the world’s most popular paid music streaming service, has racked up more than 1 million unique users in India across its free and premium services.…
The strategic move can potentially benefit both Apple and Foxconn as it can significantly diminish the impact of the U.S.-China trade war, as well as take advantage reduced import duties. According to a source familiar with the matter at hand, Apple Inc will begin assembling its high-end iPhones in India through a local unit of…
In recent years, faced with rising costs and a slump in sales, Samsung has shifted the bulk of its mobile production plants in facilities in India and Vietnam. A spokeswoman from Samsung Electronics has stated, the company will suspend operations at one of its mobile phone manufacturing plants in China. The development comes midst rising…
This strategic move sees Amazon.com increasing its cooperation with Apple and is probably aimed at boosting its market footprint at the cost of Alphabet’s Google. On Friday, in a move that marks increased collaboration between two tech giants, Amazon.com Inc stated, Apple Music will become available on its Echo smart speakers starting December 17, 2018.…
Th investment is aimed at enabling Binance to launch a cryptoexchange in Singapore by the end of 2018. On Tuesday, Singapore state fund Temasek backed Vertex Ventures has invested in Binance – one of the world’s biggest cryptocurrency exchanges – as it prepares to expand operations into the city-state. In a joint statement, the firms…
Users across the globe have taken to twitter with the #instagramdown hashtag, complaining that the service is down. On Wednesday, users of of Facebook’s photo and video sharing app, Instagram complained of outage. Users across several cities spread across the globe, including London, San Francisco and Singapore took to Twitter complaining about the outage with…
Ola is steadily expanding its footprint in overseas markets. Earlier this year, it had forayed into the UK and the Australian ride-hailing markets. On Tuesday, Indian ride-hailing platform Ola said it plans on expanding its operations to New Zealand. The move underscores its latest push overseas as it ups its rivalry with its peer, Uber…
With India being the second biggest smartphone market in the world, Samsung Electronics’ move underscores its strategy of extending its market lead over its peers, which include low cost Chinese peers and Apple Inc’s smartphones. India, the world’s second-biggest smartphone market, has become the home to Samsung Electronics Co’s biggest mobile store in the world.…
Flipkart is the vehicle through which Wal-Mart is fighting back its prime competitor – Amazon.com. On Wednesday, in a move aimed at retaining customer loyalty, Indian e-commerce giant Flipkart stated, it will be launching its second loyalty program later in August 2018, as it move to better fight Amazon.com Inc’s Prime plan. Bengaluru-headquartered Flipkart stated,…
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