Facebook is creating a product team to work on the "metaverse," a digital world where people can move between different devices and communicate in a virtual environment, CEO Mark Zuckerberg said on Monday. The team will be part of the company's virtual reality organization, the group's executive Andrew Bosworth said in a Facebook post. "You…
Fresh from his trip to the edge of space, Amazon Founder Jeff Bezos has offered NASA a discount of up to $2 billion to give his space company Blue Origin the human lunar landing system (HLS) contract, won by Elon Musks SpaceX earlier this year.Escalating his space war with Musk, Bezos in an open letter…
Czech automaker Skoda is planning to enhance its presence across 100 cities in India by next month as it looks to cater to more customers with the launch of its mid-sized SUV Kushaq less than a month ago. As per the automaker, the expansion of the sales network is an important part of the Kushaq…
Starting a new company in the same industry you grew up in may come with advantages, as you might be packed with insights and mature industry practices from day one. Yet, as a second-generation founder, you should also be more aware of some deep-rooted problems that the sector presents. Alvin Ea grew up side by…
Specialty chemical company Tatva Chintan Pharma Chem shares traded at more than 100 percent premium in the grey market on July 27, ahead of listing later this week.The stellar IPO subscription, leading position in manufacturing of structure-directing agents for zeolites in India, healthy financials and return ratios, and high quality product portfolio could be key…
Auctioneer Christie’s has signed a 10-year lease on a new Asia Pacific headquarters in Hong Kong that will allow it to hold year-round auctions and private sales from 2024. The building, called The Henderson, is being developed in the city’s Central district on Hong Kong Island by Henderson Land in the space where the Murray…
China’s State Administration for Market Regulation, or SAMR, issued new rules to improve labor conditions for the employees of food delivery platforms on Monday. The regulator demanded companies that provide food delivery services to guarantee a base income and social welfare for their riders, who are often gig workers. The SAMR issued the statement together…
Apple device users, the company has released important updates for you. Three of Apple’s biggest products -- iPhones, MacBooks and iPads have received the latest software which plugs in a security hole that may have been exploited by hackers. Apple has released macOS Big Sur 11.5.1, iOS 14.7.1 and iPadOS 14.7.1 and says that the…
An aerial view of apartment complexes in Seoul (Yonhap)For Lonnie, a 45-year old Canadian working as a professional English instructor in Seoul, buying his own house in the city has been near the top of his bucket list.But his plan for a dream house has been let down by local banks rejecting his applications for…
Crossbeats Pebble TWS | Rs 2,799 | Looking for a good pair of TWS earbuds without breaking the bank, then the Crossbeats Pebble TWS earbuds are worth considering. These earbuds feature a premium design, all-day battery life, an IPX6 rating, and precise graphene drivers for immersive bass. JBL C115 TWS | Rs 3,699 | The…
From the “Apex Legends: Emergence” trailer | Photo credit: Apex Legends / YouTube screenshot The 10th season of “Apex Legends” is coming in a few days, and aside from a new Legend and a new weapon, players should also expect massive changes in the World’s Edge map. To prepare fans with the map update, EA…
Canadian billionaire Prem Watsa controlled CSB Bank reported a 14% jump in net profit led by strong loan growth even as non performing assets (NPAs) rose sharply especially from its main gold loan business. Net profit increase to Rs 61 crore in the quarter ended June 2021 from Rs 54 crore a year earlier. Loans…
Samsung's next event, where the company is slated to reveal its new foldable phones, the Z Fold 3 and Z Flip 3, is still weeks away. However, thanks to leaker Evan Blass, we've just gotten the first official (well, official-looking) image of the new devices, along with some key specs. In a tweet Monday, Blass…
Xiaomi’s sub-brand Redmi is set to launch its first laptop in India. As announced by the company via Twitter, the Redmi laptop will be unveiled in the country on August 3. The device will be called RedmiBook. “So, folks in the laptop team have been up to some shenanigans..They have been working on a top-secret…
A health worker administers a COVID-19 vaccine to an employee at Hyundai Motor’s Namyang R&D Center on Tuesday. (Yonhap)Factory workers at Samsung Electronics, Hyundai Motor, SK hynix and other major manufacturers in South Korea began getting their vaccine shots on Tuesday, the health authorities said.They are part of the 303,159 workers from 43 large companies…
The FMCG sector is set to double its revenue growth in the financial year (FY) 2022 to 10-12 percent as compared to 5-6 percent in FY21, estimates CRISIL Ratings. According to the ratings agency, this will be the sector's highest growth in the past three fiscals and will be driven by price hikes effected across…
Photo by: Philip Morris Website Philip Morris will not be selling its world-famous Marlboro cigarette products any longer in 10 years’ time. The cigarette maker said it would stop the sales in the United Kingdom, and it will be replaced by the company’s new smoke-free products. Small steps to stop smoking in the U.K. Fox…
The Pegasus spyware, developed by Israeli firm MSO and allegedly used to target French President Emmanuel Macron, will be on the agenda of the Israeli defence minister's talks in Paris this week. JERUSALEM: Israeli Defence Minister Benny Gantz will meet his French counterpart in Paris this week for talks that will include an "update" on…
Indian content-sharing platform ShareChat has raised $145 million in fresh funding from Singapore's Temasek Holdings and two other investors, giving it a valuation of $2.88 billion, the company told Reuters on Tuesday. The funding signals growing fascination for Indian content-sharing and short-video apps that have become popular ever since New Delhi last year banned ByteDance's…
Representative image Ajcon Global IPO report on Glenmark Life SciencesGlenmark Life Sciences Limited (“GLS”) was incorporated on 23rd June, 2011. GLS is a wholly-owned subsidiary of the Promoter, Glenmark Pharmaceuticals Ltd. GLS is a leading developer and manufacturer of select high value, noncommoditized active pharmaceutical ingredients (“APIs”) in chronic therapeutic areas, including cardiovascular disease (“CVS”),…
Beijing: Tencent Holdings Ltd.'s WeChat has temporarily suspended registration of new users in mainland China as it undergoes a technical upgrade "to align with relevant laws and regulations", China's dominant instant messaging platform said on Tuesday. "We are currently upgrading our security technology to align with all relevant laws and regulations," the company said in…
The rise in the adoption of internet-based services and the Gen-Z population willing to pay for premium products is leading to the growth of India’s quick commerce sector—companies that deliver goods and services within 45 minutes of ordering. Bengaluru-based research agency RedSeer said India’s quick commerce sector is set to reach USD 5 billion by…
NEW DELHI: HMD Global, the company which holds the license to manufacture Nokia branded smartphones has expanded its product lineup with the launch of its first rugged smartphone in the XR series. Dubbed Nokia XR20, the smartphone comes with IP68 rating which makes the smartphone waterproof. The smartphone also comes with a sleek casing and…
SEOUL, July 27 (Yonhap) -- Doosan Infracore Co. on Tuesday reported its second-quarter net income of 156 billion won (US$135.6 million), up 99.8 percent from a year earlier. The company said in a regulatory filing that operating income for the April-June period rose 19.4 percent on-year to 109.2 billion won. Sales increased 13.8 percent to…
By Kim Jae-heunS-Oil, the country's third largest refiner, reported a historically-high combined operating profit for the first six months of the year of 1.2 trillion won.The previous highest combined operating profit for the same period was 1.12 trillion won in 2016. S-Oil also swung back into the black in the second quarter of the year…
Tencent’s desire for dealmaking waned in the second quarter of this year, when China’s market regulator fined the tech giant as part of an antitrust clampdown on the country’s big tech and internet companies. The Shenzhen-based company finalized 55 investments in the second quarter, about half the number of the 108 deals it completed in…
Bitcoin's price surged again on Monday after speculation that Amazon may be entering the cryptocurrency sector after it posted a job seeking a "digital currency and blockchain product lead."Bitcoin jumped more than 14% in the past 24 hours, nearly reaching $40,000 per unit before settling closer to $37,000. The five-week intra-day high reached Monday comes…
Choice Equity Broking IPO report on Glenmark Life SciencesGlenmark Life Sciences Ltd. (GLS), the subsidiary of pharma major Glenmark Pharmaceuticals Ltd., is planning to raise up to Rs. 1,500cr through an IPO, which opens on 27th Jul. and closes on 29th Jul. 2021. The price band is Rs. 695 - 720 per share. The issue…
Intel Corp said on Monday its factories will start building Qualcomm Inc chips and laid out a roadmap to expand its new foundry business to catch rivals such as Taiwan Semiconductor Manufacturing Co and Samsung Electronics Co Ltd by 2025. Amazon.com Inc will be another new customer for the foundry chip business, said Intel, which…
The list of potential crossovers include The Last of Us, Dragon Ball Z, Naruto, Lord of The Rings and many more Fortnite is no stranger to crossovers with various popular game, film, and television franchises. The game has had collaborations with the likes of Marvel, DC, Star Wars, Lara Croft, music giants, athletes, and so many…
Modern businesses are approaching an inflection point! Divided attention, siloed information, and fragmented context have created unprecedented challenges for organisations dealing with enormous volumes of information. Here’s where London-based SEDNA comes into play. The UK startup has developed an Intelligent Communications System that serves as the primary digital workspace for teams working on complex projects…