Rising energy prices compel German companies to pause new investments

A recent study has reported that nearly 40% of German enterprises are already experiencing the effects of rising energy prices, with around half of them looking to pause investments owing to soaring energy costs. Gas and electricity bill....

Maruti Suzuki to double down on SUVs to recapture 50% market share

Maruti Suzuki, India's leading carmaker, is reportedly planning to expand its position in the fast-growing SUV category and not simply in entry-level hatchbacks and sedans. The automaker saw a dip in the market share at 43.38% in FY22 f....

Amazon completes acquisition of first social commerce firm in India

Amazon India has reportedly completed the acquisition of GlowRoad, a social commerce company. This is the e-commerce giant’s first investment in India to expand its social commerce sector in the country. Although the details of the....

IBM Corp. boosts revenue forecasts over high demand for cloud services

International Business Machines (IBM) Corporation has revealed to have enhanced its revenue forecast for 2022 considering the growing cloud service demand. This comes despite the company taking a few hundred million dollars hit after suspen....

High interest among private equity firms for a possible Twitter buyout

As per reliable sources, numerous private equity firms have started showing interest in participating in a deal for a potential buyout of Twitter Inc. This comes after Thoma Bravo displayed interest to acquire the social media giant and cha....

India’s export now worth USD 18.79 billion, up by 37% since last year

According to preliminary figures from India’s Commerce Department, the country’s exported goods are now worth USD 18.79 billion in the first two weeks of April 2022, up 37% as compared to the same timeframe last year, as externa....

U.K. employers offering 2.8% average annual pay hike to staff: Survey

According to a survey released by Chartered Management Institute (CMI), British employers are providing yearly pay settlements worth an average surge of 2.8%, although still below the inflation rates. The study showed that many organization....

BMW found to use driver information to improve in-built car experience

According to a recent report by Carsales, BMW has been gathering data from its vehicles to enhance in-vehicle features as well as functionalities. Although the German automaker collects data from its customers only if they provide consent, ....

Amazon rebrands video streaming service IMDb TV to Amazon Freevee

Amazon, an e-commerce giant, has recently rebranded its on-demand video streaming service, IMDb TV, as Amazon Freevee. The company has initially entered the ad-supported video streaming market with IMDb TV in 2019. The AVOD (ad-supported v....

Top tech, consulting giants to introduce new carbon removal initiative

Some of the world's top tech and consulting behemoths have reportedly teamed up to invest USD 925 million in the purchase of new carbon capture technologies until 2030. These names include Shopify Inc., Alphabet Inc., Stripe Inc., McKin....