Finance

IBM Soar Above Analysts’ Estimates in Q2 Results

U.S based Tech Company International Business Machine Corp. (IBM) announced its results for the second quarter of the year largely performing better than what analysts had estimated for the company in the quarter. In the quarter revenue for the cloud business of IBM increased by a significant 30% to $6.3 billion. The company recorded earnings […]

Ted Sarandos Appointed co-CEO of Netflix

Movie production company Netflix Inc. (NFLX) has promoted its chief of content Ted Sarandos to the position of co-CEO. This promotion now places Sarandos second in command after co-founder and CEO, Reed Hastings. Since the pandemic set foot, Netflix has been gaining a massive number of new subscribers. However, the company says this growth in […]

Google Set to Acquire 7.7% Stake in Jio Infocomm

Leading search engine Google announced it will be purchasing 7.7% stake in Jio Infocomm– the digital unit of Reliance Industries (RELI) for a whopping $4.5 billion. Big U.S tech companies seem to be having an interest in the company, back in April Facebook Inc. (FB) invested $5.7 billion in the digital wing. In return, the […]

HP to Purchase Silver Peak in a Deal Worth $925 Million

Information and Technology Company Hewlett Packard Enterprise Co. (HPE) announced that it will be purchasing Silver Peak Systems– a tech company which largely specializes in developing products for wide area networks. The acquisition deal is believed to cost about $925 million and HP said it will be a cash only transaction. After the deal has […]

Analogue Devices Set to Acquire Maxim Integrated

U.S bases multinational semiconductor Analog Devices Inc. (ADI) is set to acquire its fellow integrated circuit manufacturer Maxim Integrated Products Inc. (MXIM). Sources involved in this matter disclosed that talks of the same are in advanced stages thus anytime a deal might be stricken. Analog devices is looking forward for the deal to help it […]

Amazon Injects $308 Million in Its India’s Unit

Online retailer Amazon Inc. (AMZN) has injected a total of 23.10 billion rupees ($308.02 million) in its India based unit known as Amazon Seller Services. The company says the cash is set to help attract more people into online shopping in the word’s second most populated country in this time when crowding is highly discouraged. […]

Chip Demand Propels Samsung to Beat Analysts’ Estimates in Q2 Results

Giant tech company Samsung Electronics Co Ltd (005930) has reported its results for the second quarter of the year recording a 23% increase in operating profit in the quarter ending June 30. The company attributes this good performance to an increased demand of solid chips caused by global staying and working at home directives due […]

Amazon to Acquire Self Driving Car Startup Zoox

Online retailer Amazon Inc. (AMZN) will officially acquire self-driving car startup Zoox Inc. Internal sources revealed the e-commerce giant had reached an agreement to purchase the Foster City based self-driving company for over $1 billion. The Information was the first to publish the revelation, citing no specific amount for the deal but it is expected […]

Amazon Expanding Operations in Australia

Leading online retailer Amazon Inc. (AMZN) has announced its upcoming plans of expanding its operational activities in Australia. The company will be building a warehouse in Sydney, additionally it will be looking for a strategic location around Melbourne suitable for establishing a giant facility. In a different stock exchange filing, Australia based Brickworks Ltd (BKW) […]

Former Jaguar Land Rover CFO Named New Aston Martin CFO

Former Chief Financial Officer at Jaguar Land Rover Kenneth Gregor, has been named new Chief Financial officer by British Sports Luxury car manufacturer Aston Martin Holding Plc. (LON: AMN). This appointment comes as a critical one as the company’s management is looking to revive the over a century old car maker. His appointment comes barely […]