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Tata Neu app will be open to other brands in future said N Chandrasekaran

Tata group’s ambitious ‘Super App’ Tata Neu, is all set to give stiff competition to other eCommerce players with its announcement of including other brands in the future besides its in-house products. Executive Chairman N Chandrasekaran said the super app’s evolution will be customer-driven...

Apple’s new M2 chips will power upcoming 9 Mac computers

According to a new report, Apple is working on at least nine Macs featuring the new M2 processors. The nine models include a MacBook Air, an entry-level Pro, two Mini models, two 14- and 16-inch MBP models each, and the desktop Pro. It has been predicted...

Could Elon Musk succeed in the hostile takeover of Twitter for $43bn

The Tesla founder Elon Musk has made the open offer @ US$54.20 a share in all cash deal, which is a 54% premium on the January 28 closing price of Twitter’s stock, just before he began investing in it, and a 38% premium on the April 1 price. ...

RR Kabel buys Luminous' home electrical business from Schneider

RR Kabel has acquired Luminous Power's home electrical business (HEB) from French engineering company Schneider. This acquisition will further strengthen RR Kabel's consumer electrical business, which has a portfolio of fans, lights and appliances. The company's Managing Director Shreegopal Kabra said, the transaction is subject to closing adjustments and is expected to complete in May this year. Kabra said both the companies are unlisted entities and have decided not to disclose the amount....

Google to fund $9.5 bln in U.S. offices, data centers this year

Alphabet Inc's Google announced plans to invest about $9.5 billion across its U.S. offices and data centers this year, up from $7 billion last year. As per the company the investment will create at least 12,000 full-time jobs in 2022 and focus on data centers...

Amidst COVID-19, MacBook maker Quanta halts ops at China plants

Taiwan-based MacBook maker Quanta Computer has suspended operations at its Shanghai plant amidst the government's measures against COVID-19. The company said it was in close touch with suppliers and assessing the financial impact. In filings to Taiwan’s stock exchange it has been reported at least 30 other companies are suspending output in nearby Kunshan until April 19. Widespread Chinese lockdowns have begun to exact an unquantifiable toll on the biggest buyer of semiconductors and the largest producer of electronics from iPhones to PCs....

Deutsche Telekom buys additional stake of T-Mobile US for $2.4 bln from Softbank

As per news source, Deutsche Telekom has bought additional shares in T-Mobile US for $2.4 billion from Softbank. This deal brings CEO Tim Hoettges closer to his goal of securing direct control over the U.S. telecom operator....

Amagi purchases back shares from founders and employees

Cloud-based media Saas technology platform Amagi has bought back shares worth $12 million from its founding team and employees. Amagi board has approved the buyback of 76,533 equity shares at Rs 11,998.63 per share amounting to Rs 91.8 Cr or $12 million. Out of this buyback, only two of the company’s co-founders Baskar Subramanian and Srividhya Srinivasan have offloaded shares worth $8 million or Rs 61.2 crore. The rest of the shares will be tendered by existing shareholders on a proportionate basis. So far, the company has raised over $245 million and is currently valued at over $1 billion. ...

Finally!! Raidforum has been seized by FBI

The RAID Forums has been seized by the Federal Bureau of Investigation, the united Nations Secret Services and the Department of justice in accordance with a seizure warrant issued against the domain of what it calls "one of the world's largest hacker forums" and indicted its founder, the Department of Justice announced Tuesday. In the raid, the Europol and law enforcement agencies from Sweden, Romania, Portugal, Germany, and the UK were also involved....

Mastercard files trademarks in the metaverse

Payments giant Mastercard has filed 15 Non-Fungible Token (NFT) and metaverse trademark applications with the United States Patent and Trademark Office (USPTO), as part of an extended plan to extend its payment processing system, slogans and branding into the new virtual economy....