An increase in the volume of deliveries because of the pandemic induced deliveries for e-commerce companies during the holiday shopping season as well as higher prices helped the United States based delivery firm FedEx Corp to report better than expected quarterly profits, the company said.  ...

The social media platform and messaging service company WhatsaApp us getting ready to enter the booming digital payments industry in India and has reportedly roped in a top Amazon executive for heading the company’s payments business in the country.   According to reports quoting sources...

In addition to stopping production at two factories because of the global ship shortage, Ford Motor Co will also not be able to fit certain parts in the assembly of its flagship, highly profitable F-150 pickup trucks and Edge SUVs in North America for now, the company has said.   A...

Shipping issues during the Covid-19 pandemic and the slump in sales at its brick-and-mortar stores because of the various restrictions imposed for the pandemic last year drove Nike Inc to miss its quarterly sales estimates. There was also disappointment among investors about the revenue forecast...

Even though there is a growing trend among companies – especially among tech companies, to let their employees work from home more and reduce office space, an investment of $7 billion in offices and data centers across 19 states of the United States will be made by Google kin its new efforts to...

The UC Browser from the Chinese tech giant Alibaba Group was removed from their mobile apps by Chinese app stores following the severe criticism of the browser Chinese state television's annual consumer rights show over it allowing displaying of medical ads that were put up by companies unqualified...

The Finish telecom equipment making giant Nokia us planning to implement its previously announced restructuring program with an initial slashing of up to 10,000 jobs of the company all over the world over the next two years. At the same time the company is also preparing to increase its spending on...

A day after it unveiled its ambitious electric mobility expansion, the German auto giant and the second-largest car maker of the world Volkswagen said that it will be able to increase its profit margins second-largest carmaker because of the cost cutting strategies it has put in place.  ...

The California-based search engine giant Google and the Washington-based software firm Microsoft have daggers drawn at each other as the two companies are facing increasing pressure from lawmakers and regulators in relation to the extraordinary power that the two technology firms wield over...

While the company is under pressure from Chinese authorities as a regulatory driven overhaul of the business of the company is underway, the Chief Executive Officer of the Chinese technology giant Ant Group - Simon Hu, tendered his resignation unexpectedly.  This is first high profile exit of...

The United States based iPhone maker Apple Inc has confirmed that it would soon begin manufacturing of 5G-enabled iPhone model – the iPhone 12, in India and the retail packages of the company’s smrtphones would soon have the ‘Made in India’ title on them.   The iPhone 12 was launched by the...