Investors that include Chinese internet giant Tencent and Japan's SoftBank has helped Ola, Uber's fiercest rival in India, raise $1.1 billion in a recent round of funding for the Indian ride hailing company.   The requisite firepower to continue fighting Uber in one of the world's...

A senior executive of Huawei said this week that India is a major strategic market for Chinese smartphone maker.   The company has been able to make sizable investments and form key partnerships in the telecommunications sector in the near two-decade presence of the company in the country,...

As Honda Motor Co shifts focus to electric cars (EVs) and other new technologies, it domestic capacity by around 24 percent and the Japanese car maker plans to end production at its Sayama plant in Japan by 2022.   In the face of fierce competition from carmakers and technology companies to...

The next aim of Statoil is to enter the global solar market.   A 40 percent share in the "construction ready," 162 megawatt (MW) Apodi solar asset in Brazil, is being acquired and an agreement has been signed to that effect, the Norwegian energy business announced recently.   Shares...

Overcoming a key - albeit not its last - hurdle as it scrambles for funds to stave off a potential delisting, Japan’s Toshiba Corp has already said that it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP.   But underscoring fears that the 8-member...

By 2021, the ride services company - Lyft’s network, will have a large number of self-driving vehicles that would be manufactured by Ford Motor Co said as the auto-marker collaborates with the ride services company.   In order to allow Ford vehicles to communicate with Lyft’s smartphone...

In what is Alphabet Inc’s Google’s second major foray into phone hardware after an earlier costly failure, the company said that it would pay $1.1 billion for the division at Taiwan’s HTC Corp that develops the U.S. firm’s Pixel smartphones.   Roughly equivalent to one fifth of the Taiwanese...

In what is a key step in keeping the struggling Japanese conglomerate – Toshiba Corp, listed on the Tokyo exchange, the group agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP.   Toshiba agreed to sign a contract for the...

In what is the latest clamp-down on the risks involving virtual money, Switzerland’s financial watchdog is investigating around a dozen other possible fraud cases after the agency closed down what it said was the provider of a fake cryptocurrency.   A few days ago, Chinese authorities had...

Alliance 2022, the group's new six-year plan was announced on Friday by Carlos Ghosn chairman and chief executive of the Renault-Nissan-Mitsubishi Alliance.   While a robo-vehicle ride-hailing service is also in the works, 40 vehicles with varying levels of autonomy are planned to be...

Described in the words of Apple Inc. Chief Executive Tim Cook called as “the biggest leap forward since the original iPhone”, the much-anticipated iPhone X with a glass and stainless steel device with an edge-to-edge display was rolled out by the iPhone maker.    Since the leaks about...