Tesla CEO, Elon Musk sells $5 billion shares of assets following a Twitter vote
On November 6th Tesla’s Chief Executive Elon Musk posted a poll and asked his 63 million followers on Twitter whether or not he should sell his 10% shares in Tesla, which...
Foxconn to introduce electric automobile business
The Taiwanese firm that makes smartphones for Apple Inc. and other worldwide brands unveiled plans Monday to create electric cars for automakers under a contract arrangement similar to that of smartphones.
Young...
Amazon and Google will be appearing at the White House event on quantum technologies
On Tuesday (Oct. 5), Amazon, Google, and Microsoft are set to attend a Biden administration symposium on quantum technology, as the US government seeks to combat cyber risks and corner a...
To build next-gen location technology Ola acquires Geospoc
Ola has purchased GeoSpoc, a supplier of geospatial services, to develop the next generation of location technology, which will include real-time, three-dimensional, and vector maps. The financial details of the deal...
B Capital takes a $20 million holding in PharmEasy, valuing it at $1.8 billion
According to individuals familiar with the situation, Eduardo Saverin's B Capital and Facebook cofounder has acquired a minority share in online pharmacy PharmEasy for $20 million in a secondary sale. This...
Silver Lake and KKR get along through KKR’s Exact shareholding ownership
image courtesy: Mint
Silver Lake, a tech investor, has joined hands with KKR as an Exact shareholder also allowing two of the concerned American private equity firms to work together in accelerating...
Post the coronavirus outbreak: China’s impact on the Indian economy
Indo-China trade was restored in 1978 after being suspended in the aftermath of Chinese violence in 1962. The accession of China to the World Trade Organization (WTO) in December 2001 accelerated...
Snapdeal’s newly launched quick payment option facility
Snapdeal has introduced a new fast-track payment method to support small businesses.
Snapdeal, an e-commerce website, has launched a programme that allows sellers to get paid within three days of receiving a...
Microsoft in negotiations to buy Discord for more than $10 billion
Bloomberg News announced that Microsoft Corp is in talks to buy messaging app Discord Inc for more than $10 billion, citing sources familiar with the matter.
According to the report, Discord has...
India would not ‘switch off’ all cryptocurrency and instead prefers blockchain, according to Sitharaman.
Finance Minister Nirmala Sitharaman has stated that cryptocurrencies, or at least the technology behind them, will not be completely banned.
“From our viewpoint, we are very aware that we are not ruling...
