The German car maker BMW expects that its production in the second quarter will be hit because of the global chip shortage nut still said it was on path to meet its profit targets for 2021 even though it estimates raw material costs to be increasing.   A severe crunch of semiconductors for...

There is increasing pressure on AstraZeneca over its decision to reward the company’s chief executive, Pascal Soriot, with a big increase in bonuses. A call on shareholders to oppose and vote against the policy had been given by three investor advisory groups.   The company plans to increase...

A new subscription service for the employees engaged in remote working in North America was launched by the Swedish technology firm Ericsson on Tuesday.   Under this new subscription service, employees working from home – especially those of small businesses, would be able to begin working...

The Covid-19 vaccine developed jointly by the British pharmaceuticals giant AstraZeneca and University of Oxford has brought in the pharma company sale revenues of $275 million (227 million euros) during the first quarter of the current year.   This is the first occasion that the company has...

The largest telecom equipment maker of the world Huawei is making a strategic shift in its business strategy and is now trying to enter into the area of electric vehicle making. According to a report published by the news agency Reuters, the Chinese firm is now holding talks for taking control of a...

A strong recovery of the Chinese economy as well as increased cooking at home by consumers forced to stay back home because of the Covid-19 pandemic induced restrictions helped Unilever to comfortably beat quarterly sales forecasts on Thursday.   The company said that starting in May this...

A mega initial public offering (IPO) is being planned by Zomato, the Indian good delivery startup that acquired Uber's local food delivery business last year, said reports.   Application for filing an IPO was made by the company on Wednesday in Mumbai as the company hopes to raise as much as...

Consumer goods giant Reckitt has noted a rise in sales of condoms in marketing including China where there has been an easing of lockdowns. For the first quarter, double digit growth in the sale of Durex compared to the same period last year was reported by the company.   But with lesser...

The United States based electric car maker Tesla comfortably beat market expectations for the first quarter – driven by sales of bitcoin and regulatory credits.   However the stocks of the company dropped by 3 per cent in the US in after hour trading.   The company reported a record...

The parent company of online bookmaker Betway, Super Group, will go public at a valuation of about $5 billion through a process of merger with blank-check acquisition firm Sports Entertainment Acquisition Corp, the company said.   This move comes from the Europe based company at a time when...

Japanese conglomerate Toshiba Corp has been called upon by its second largest shareholder to conduct a strategic review and explicitly solicit suitors and said that the comments of the company of it wanting to remain listed were deterring potential acquirers.   These comments were made by...