Google parent Alphabet Inc announced plans for hiring and facility construction after the company reported better than expected quarterly sales from its advertising and Cloud businesses which was partly driven by the pandemic.   The lockdowns imposed to prevent the spread of the Covid-19...

There are concerns among a section of the executives of the South Korean auto major Hyundai Motor Group about a tie up with the iPhone maker Apple as over ears of becoming a contract manufacturer for the United States based tech giant which has apparently reduced the chances for a deal between the...

The Japanese car maker Toyota Motor Corp promised to provide the "safest mobility" of the world while unveiling of its Woven Planet research unit at a virtual media event on Friday even as auto and tech companies are rushing to develop self-driving and connected cars which also includes Toyota....

A surge in demand for its diabetes and cancer drugs a partial benefit from the sales of its Covid-19 antibody treatment helped the drug making giant Eli Lilly and Co beat estimates of Wall Street analysts for the profits of the company for the fourth quarter on Friday.   The quarterly sale...

The ban on the Chinese telecom company Huawei by the United States and a surge in demand and sale for its 5G telecom equipment helped Ericsson to comfortably beat its fourth quarter core earnings forecasts on Friday.   The better than expected performance of the Swedish company helped a...

An increase in demand globally for its electric cars propelled the United States based Tesla to report record deliverie3s o fits vehicles in the fourth quarter.   However after the company reported a lower than expected profits for the quarter, shares of the company dropped in after-hours...

The Indian government had banned the Chinese owned TikTok in the country in June last year.  The short video sharing app owned by China’s ByteDance is not reducing its staff size in the country as the company is apparently unsure about whether the government will revoke the ban on the app in...

The fees that companies of the European Union pays to Mastercard against payments from online shoppers from the United Kingdom will be increased by at least 400 per cent which would mean that the ultimate price for consumers of European companies would increase significantly.   A percentage...

The United States based Tesla is considered to be an anomaly in the buzzing world of autonomous driving. This is because the company has been trying to develop everything needed for self-driving cars are being developed in-house starting from hardware to chips and processors to artificial...

The German car manufacturer and the largest auto making company of the world by Volume – Volkswagen is discussing with its major suppliers about the possibility of making a claim for damages to it because of the shortage of semiconductors, said reports quoting a company spokesman.    A...

Despite the novel coronavirus pandemic in 2020 caused huge disruption to the global auto industry and upended supply chains of auto companies, the German car maker Volkswagen has ended the tormenting year with a profit of more than $12 billion.   Volkswagen is expecting to achieve operating...