The apparel retailer Gap Inc expects demand and sales of products under its Athleta brand to double within the next two years, and along with the roll out of Covid-19 vaccines will bring in more customers to its stores which prompted the company to forecast a return to sales growth this year....

United States based auto giant General Motors Co is considering plans to setting up of its second battery making unit in the US in partnership with South Korea’s LG Chem Ltd, the auto maker said.   It is "exploring the feasibility of constructing a second, state of the art battery cell...

The focus of Exxon Mobil Corp is now on cutting down on costs and preserving dividends to win back investors who have not been impressed with the strategies of the company which has been allegedly overspending for years. This strategy change has forced the company to scale down its targets and...

The first ever physical store outside of its home market of the United States was opened by the largest online retailer of the world Amazon.com Inc in the United Kingdom on Thursday.   The new state of the art cashierless store, which the company has christened as "Amazon Fresh" will be...

With a number of global auto companies already initiating plans to slowly phase out fossil-fuel engines by the end of this decade, the bandwagon was joined by the Chinese owned company Volvo. The company said on Tuesday that it would transform its entire car line-up completely electric by 2023....

Walt Disney Co has been able to easily surpass its initial projections for subscriptions to its Disney+ video streaming service last year. And the reason behind this growth has also surprised officials of the company.   Disney’s Chief Executive Bob Chapek said on Monday that the company was...

The chip maker Nvidia Corp beat estimates of the market for its revenues generated in its first quarter and the company expects continued tightness in supply of its flagship gaming chips for over the next several months.   There has been high demand for chips that speed up video games all...

The luxury car maker Asto0n Martin is hopeful of emerging out of the pandemic induced slump and expects that its will be able to increase its sales in 2021 by almost double of last year and thereby claw back towards profitability.    This struggling car maker was forced deeper into...

The increasing restriction put by the administration on water supply because of a drought in the island is forcing the chip makers of Taiwan to purchase water by the truckload for use in some of their foundries.   This shortage of water for chip manufacturing has raised concerns that the...

The United States based luxury electric vehicle maker Lucid Motors will go public through the merger deal path or through the special purpose acquisition company (SPAC) route at a combined pro-forma equity value of $24 billion.   The electric car maker has agreed to merge with blank-check...

As new revised strategy that focuses primarily on wealth management in Asia was announced by HSBC Holdings PLC on Tuesday as the bank let go of its long-term profitability target, after a sharp drop in the 2020 profits of the company because of the Covid-19 pandemic hit.   Its previously...