The German luxury auto maker Daimler reported better than expected profits for the first quarter because of increase in demand for luxury Mercedes-Benz form Chinese consumers as well as higher prices for the cars which helped the company to offset the lump because of the Covid-19 pandemic.  ...

A second battery cell manufacturing plant in the United States will be jointly built by General Motors Co and South Korean joint-venture partner LG Energy Solution, the companies said on Friday as the two companies unveiled their plans of building the plant with an investment of $2.3 billion in...

While raising its forecast for the current quarter on the back of strong demand in Australia which is almost free of Covid-19, Qantas Airways Ltd expects domestic travel in the country to surpass the pre-pandemic levels next financial year, the company said.   The Chief Executive of the...

The public listing debut of the United States based cryptocurrency exchange Coinbase Global Inc at the NASDAQ valued the company at $86 billion on Wednesday in a day when its valuation reached as high as $112 billion.   The share market debut of Coinbase, which listed itself via a direct...

The public listing of the biggest cryptocurrency exchange of the United States - Coinbase Global Inc, marks an important milestone for transformation of cryptocurrencies from being a niche technology to one that is a part of the mainstream financial system.   This public listing is the...

The controversy of a $20 billion buyout bid placed for Toshiba Corp by the privately owned investment company CVC Capital Partners resulted in the resignation of the CEO of the company Nobuaki Kurumatani.   With emergence of more news that there were more bidders for the conglomerate that...

A study that was published recently and conducted by university researchers claimed that users of Facebook, the largest social media platform of the world, may not be learning about jobs for which they are qualified since the tools used by the company have the ability to disproportionately direct...

In its latest drive to curb the market power of the largest internet conglomerates of the country, antitrust regulators in China slapped Alibaba with a record fine of 18 billion yuan (about $2.75 billion) on charges of violating anti-monopoly rules.   Sweeping antitrust regulations targeted...

In a federal trial scheduled to begin May 3 in relation to a case filed by "Fortnite" maker Epic Games against Apple Inc, the iPhone maker plans to defend itself against the antitrust allegations brought against it by arguing that it abundant competition is faced by it in the market for video game...

The United States based plant based burger maker Impossible Foods Inc has been reported to be getting ready to get itself publicly listed at a potential valuation of about $10 billion or more, claimed reports quoting information from sources with knowledge of the matter.     ...

The United States based electric car maker Tesla is looking out for locations to opening up showrooms in three Indian cities, claimed reports quoting sources. The reports also mentioned about the company hiring an executive to lead its lobbying and business efforts prior to the panned entry of the...