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A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web development, Akshay lends expertise procured from his core domain in the articles he pens down.
After Ukraine’s invasion, multinational fast-food giant McDonald's Corp. is reportedly planning to sell all its restaurants in Russia, pulling operations from the nation after 30 years. The world's biggest fast-food chain closed 847 ...
GetHenry, a Berlin-based company that offers couriers and logistics organizations electric last-mile delivery bikes, has reportedly raised USD 17.4 million seed round to grow its operations across Europe. The latest investment round was led by LocalG...
Italian luxury sports car manufacturer Ferrari S.p.A. will equip its much-awaited Purosangue SUV with a 12-cylinder engine, as it focused more on fuel-efficient models. Confirming the news, Ferrari Chief Executive Benedetto Vigna claimed that the com...
According to reliable sources, the Biden administration is planning to provide USD 3 billion in finance to reinforce EV battery manufacturing capabilities in the United States. The apparent funds will be issued by the Department of Energy from Presid...
Telefonica S.A. is planning to increase its investments in Israel’s high-tech sector this year, a senior official reported recently. The company, which is Europe’s third-largest telecommunications company, is also eyeing the country&rsquo...
Harley-Davidson Inc. reportedly saw a downturn in profit for the first quarter, owing primarily to chip shortages and rising costs despite an uptick in sales. The company's stock price was down 1.2%, trading at USD 36.20 on the New York Stock Exc...
Global military spending reportedly reached USD 2.1 trillion in the year 2021, with the U.S., China, and emerging as the three largest spenders, according to a report from SIPRI (Stockholm International Peace Research Institute). The report showed...
Rolls-Royce has reportedly fabricated a mini nuclear reactor for which it is hoping to get complete authorization from the U.K. by 2024. According to the chairman of Rolls-Royce Small Modular Reactors, Paul Stein, this nuclear reactor will be able to...
The NYPD has also ordered over 200 Tesla Model 3 vehicles to add to its EV fleet. The city plans to install 10 high-speed EV chargers in LaGuardia that would charge the vehicle in less than 30 mins. In a move to create a more environmentally f...
General Motors-owned self-driving car company Cruise is reportedly expanding its autonomous driving delivery pilot program with Walmart in Arizona. The firm will be now offering limited deliveries for the Chandler customers in addition to Scottsdale....
Glenmark Pharmaceuticals Limited has reportedly received approval from the DCGI (Drug Controller General of India) to perform phase 1 clinical trials of its novel molecule for advanced solid tumor patients. Glenmark Specialty SA obtained the DCGI no...
EV charging network Charge Zone has reportedly partnered with Marriott International Inc. to install electric vehicle charging stations across the hotel chain’s Indian properties. Under the partnership, the company will also deploy a charging ...
According to the White House, climate change might prove to be severely detrimental to the U.S. federal budget by the end of this century, resulting in a loss of at least 7.1% annual reserve, which is a whopping USD 2 trillion per year based on today...
American financial service firm Robinhood Markets Inc. has reportedly launched a new debit card on Tuesday that will allow users to invest any spare change as it seeks to grow beyond trading, into other consumer-centric finance verticals, putting it ...
BMW recently announced a recall of more than one million vehicles due to a risk of an engine fire. According to BMW, the affected vehicles have a malfunctioning engine ventilation system, which might cause overheating and raise the risk of fire. The...
As per reliable sources, KFC Corporation and Pizza Hut’s parent company Yum! Brands Inc. has halted its investments in Russia, a key market that had helped the food major achieve record development in the preceding year. However, Yum! Brands r...
As the viability of EVs is getting realized, auto manufacturers are increasingly directing their efforts towards this space. Recently, Hyundai Motor Co. announced plans to invest USD 79.21 billion through 2030, including USD 16.10 billion in EV-relat...
LinkedIn is reportedly bringing its renowned Creator Accelerator Program to India, the country which is known to be its second-largest market after the U.S., with over 85 million active users. The development comes as the race to woo creators s...
Zoomo, an Australian firm that makes utility e-bikes for delivery drivers, has closed its Series B round after raising an additional USD 20 million in equity funding. The round was led by Collaborative Fund and other strategic investors like MUFG Inn...
The WHO had previously stated that vaccine hesitancy is one of the biggest threats to global health. A recent study further affirms this issue as a major problem, stating that rapidly spreading misinformation on social media about the benefits and di...
Tyson Foods Inc. has reportedly scrubbed the mandatory use of masks for its fully immunized employees at some of its facilities in the United States. Those working at meatpacking plants will, however, be compelled to wear masks. According to the sec...
Toyota Motor Corporation and Honda Motor Company Ltd. are reportedly optimistic about this year's profit outlook. The recent chip shortage has resulted in limited vehicle supply, further allowing the Japanese automakers to charge a higher price t...
A deal for the sale of Arm Ltd. by SoftBank Group Corp. to Nvidia Corp, a U.S. chipmaker, has reportedly collapsed. It is believed that Arm will instead opt for an IPO rather than the sale, which could have been worth USD 80 billion. The sale agreem...
Audi is reportedly contemplating the viability of fabricating electric vehicles domestically in India with a view to manufacture at threshold volumes and reach more customers, as the automaker intends to go all-electric by 2033. The company st...
According to General Motors chairman and CEO Marry Barra, the company has secured more than 110,000 reservations for its all-electric truck, the Chevrolet Silverado, including bookings from more than 240 fleet operators. The fresh booking details on ...
Apollo Hospitals is reportedly in talks with a clump of private equity investors including SoftBank and General Atlantica to sell a minority stake in its pharma business, Apollo HealthCo. The 100% subsidiary of Apollo Hospitals is expected to raise U...
Lamborghini India reportedly recorded an 86% growth in 2021 as compared to the previous year. The supercar manufacturer completed the delivery of 69 cars this year, according to the Head of Lamborghini India, Sharad Agarwal. The company’s stro...
Tesla Inc. has reportedly released its Q4 and calendar-year 2021 results, revealing USD 17.72 billion in revenue in the last three months of the previous year with the company’s automotive segment alone generating USD 1 billion. Tesla's ne...
Luxury British carmaker Bentley, a subsidiary of Volkswagen Group, reportedly said that it will produce its first fully electric vehicle in 2025, ushering the company into the world of electric mobility. Bentley also pledged USD 3.4 billion in susta...
Ola Electric has reportedly raised USD 200 million in a fresh funding round, which has brought its valuation to USD 5 billion. This time, the EV maker has managed to secure funds from Tekne Private Ventures, Edelweiss, Alpine Opportunity Fund, and ot...
Indian grocery entrepreneurs have been enticing tech-savvy clients with the promise of 10-minute deliveries, however, this has prompted road safety concerns as bikers strive to fulfill strict deadlines. Flipkart, Walmart, Amazon, and Indian billionai...
SaaS Labs, a SaaS company that creates business automation tools for sales and support teams, has reportedly acquired USD 42 million in Series B round spearheaded by Sequoia Capital India, along with backing from existing investors Eight Roads Ventur...
Shares of Sony Group Corp. saw a 13% drop on January 19th, losing a whopping USD 20 billion in market value after rival Microsoft Corp. acquired video game developer Activision Blizzard in a USD 68.7 billion deal. While Sony's PlayStation is wid...
Samsung has revealed the Exynos 2200, an in-house developed processor designed for use in mobile phones. It is the world's first mobile chipset with an AMD RDNA 2 graphics design GPU, which supports hardware-accelerated ray tracing. According to...
German luxury automaker Mercedes-Benz is seeking to increase sales of its electric vehicles in India, according to a senior business executive, with potential plans in works to locally manufacture its all-electric sedan EQS. By the fourth quarter of...
Tesla Inc. has reportedly received authorization to produce test cars at its unfinished German gigafactory. This approval comes as the EV maker continues to wait for the project's final permission, although Tesla will not be permitted to sell the...
Nutraceutical startup Power Gummies has reportedly raised USD 6 million during a Series A funding which was led by 9Unicorns. The round also saw participation from other investors such as NB Ventures, Sharpp Ventures (Marico Family Office), Wipr...
Hospitality behemoth Marriott International Inc. has reportedly established a research and development lab called the “Design Lab” to strengthen and optimize the rollout of its current product offerings. This lab will encompass all areas...
Sony will establish a subsidiary, ‘Sony Mobility Inc.’ that will primarily focus on its EV business. The company unveiled a new electric SUV prototype, called the Vision-S 02 at CES 2022. Sony Group Corporation, a Japanese electroni...
Apple Inc. recently became the first company to have a stock market value of USD 3 trillion, boosted by investor confidence that the iPhone manufacturer will continue to release best-selling products while foraying into new markets such as self-drivi...
AIMMO, a Korean firm that labels and categorizes image, video, sound, text, and sensor fusion data with software and humans, recently announced that it bagged USD 12 million in a Series A funding round to enhance its AI data annotation platform and e...
Bharat Biotech has reportedly applied to India's medicine authority for authorization to undertake clinical studies assessing the efficacy of the third dose of COVID-19 vaccine, Covaxin. The indigenous vaccine organization has sought permission t...
Daimler India Commercial Vehicle (DICV) has reportedly beaten the pre-covid sales level of exports for its commercial vehicles, recording an upsurge of 10% as compared to its previous record. Since the start of this year, the company has shipped 9,0...
Tesla Inc.’s choice to offer games feature on the front center touchscreen has compelled the U.S. auto safety regulators to begin an official safety probe into 580,000 company vehicles deployed since 2017. According to the National Highway Tra...
Gravity, a company that specializes in EV fleets and charging infrastructure, has reportedly brought the popular Ford Mustang Mach-E to join New York City’s iconic yellow taxi fleet. This is the first time Ford’s mass-market electric vehi...
Bizongo, a B2B platform for custom-built goods has reportedly raised USD 110 million in its latest Series D funding round. The round was led by NYC-based Tiger Global Management LLC and took the company’s valuation to USD 600 million. For thos...
Kurly, a Korea-based online grocery startup has reportedly secured USD 210 million in a pre-IPO round, just six months after its Series F funding. The latest round comprised only a single investor, Anchor Equity Partners, which is a Hong-Kong based ...
Aurora's autonomous trucks are reportedly transporting items for Uber Freight customers in Texas as a part of their multiphase commercial trial aimed at bringing the two firms closer. Although it was officially launched this Wednesday, Aurora ha...
The number of shares for sale and the price range for Reddit’s IPO have not been determined yet. Following a funding round in August, the company’s valuation currently stands at USD 10 billion. American social news aggregator...
Netflix India has reportedly slashed the rates of all four of its subscription plans in India. The move comes amidst growing competition in the OTT space and to increase the user base in a country where a significant chunk of the population remains l...
BMW has reportedly signed a direct supply assurance agreement with several chip suppliers, including feature-rich semiconductor producer GlobalFoundries, and high-tech chip developer Inova semiconductors. As the global chip shortage continues to hin...
World’s most valuable EdTech company BYJU’S has reportedly acquired Austria-based startup GeoGebra for USD 100 million. GeoGebra offers dynamic, interactive, and collaborative mathematics learning tools, and boasts of a fast-growing comm...
The U.S. FDA has reportedly issued an emergency use authorization of synthetic AstraZeneca antibodies for the prevention of Covid-19 infections in people who have had a severe reaction to vaccines. This is the first time the U.S. health authority has...
Multinational automotive giant Stellantis N.V. has reportedly teamed up with iPhone-assembler Foxconn Technology Group to design and sell semiconductors to sustain the needs of the car manufacturer amidst the global chip crisis. Carlos Tavares, the ...
Vinfast intends to secure around USD 3 billion, aiming for a post-IPO valuation of at least USD 60 billion. Vingroup’s automotive arm is now planning to expand its operations by establishing a factory in the United States by the end of 2024....
Qualcomm Inc. has recently released a new chip that is designed exclusively for gaming-specific handheld devices that provide 5G connectivity. It will be a potential mobile platform for video gamers with extended versatility to play streaming games o...
Twitch is reportedly stepping up its efforts to curtail harassment, with a new tool powered by machine learning to identify people who could be trying to avoid bans. It is the company’s most recent addition for dealing with issues like hate rai...
The emergence of the Omicron variant of coronavirus, which has forced some countries to once again seal off their borders, is being seen as a catalyst to prolonging the pandemic. The accurate detection of the variant is a major concern, however, Ther...
U.K-based secondhand car auction platform Motorway has reportedly secured USD 190 million in Series C funding round. This has allowed the startup to acquire a unicorn status, with a total valuation of more than USD 1 billion. The funding round was l...
Spotify is reportedly testing a TikTok-style vertical video feature in its popular music streaming app. The option will allow users to scroll through the vertical music videos as well as either like them or skip them. Sources claimed that this...
Edition 1 model of Hummer pickup accounted for 80% of the total reservation. The EV pickup truck boasts a driving range of 329 miles. Automotive giant General Motors Co will reportedly start the delivery of its GMC hummer EV from December onward...
Niantic, the creator of the popular Pokémon GO, has reportedly raised USD 300 million from global investment manager Caotue at a valuation of USD 9 billion. The San Francisco-based AR game developer will use the fresh funds to develop a &ldquo...
Lockheed Martin Australia (LMA) is reportedly partnering with the STEM education provider STEM Punks, to provide the Australian Defense Force with advanced military satellite communication (MILSATCOM) solutions. This collaboration is a part of STEM ...
The shared ride option will allow users traveling in the same direction to share the ride in the same direction. UberX Share will offer a 5% upfront discount, a modest price reduction compared with Uber Pool Rides. American mobility giant, Uber...
Multinational oil & gas company Royal Dutch Shell has announced a major restructuring of its tax and legal framework, which will see it walking away from the Netherlands amidst strained relations with the country that has been its home for over a...
Qualcomm recently introduced the Snapdragon Spaces XR Developer Platform, a head-worn augmented reality developer toolkit, that will aid in expanding the scope of existing apps as well as the development of new ones that will make the most of AR devi...
Netflix is reportedly testing its new feature called ‘Kids Clips’ which will play short video clips from existing movies and shows in the kids content library. These videos will be updated automatically as new shows and movies are ad...
The World Bank’s International Finance Corporation (IFC) has reportedly teamed with South Africa tech company Liquid Intelligent Technologies to enhance data center capacity and lay fiber-optic cable across Africa. The move is part of a larger ...
Chinese Human Resources technology startup Moka has reportedly secured USD 100 million in Series C funding round. The recent fundraising was led by Tiger Global and also saw participation from Blue Lake Capital, GL Ventures, GSR Ventures, GGV Capital...
Apple’s changes to its privacy policy has cost social media platforms like Snapchat, Twitter, Facebook, and YouTube nearly USD 9.85 billion in revenue, according to a report published by the Financial Times. For those unaware, Apple had announ...
Ride-hailing giant Uber is set to obtain at least 50,000 Tesla electric vehicles as a part of its plan to expand its EV fleet. The announcement comes after Hertz recently ordered 100,000 EVs from Tesla by next year. Through a partnership with Hertz,...
McDonald's Corporation reported increased quarterly comparable sales owing to higher U.S. prices and celebrity-themed meals, however, the business struggled to maintain restaurants running at full capacity due to staffing shortages and the COVID-...
Facebook recently announced that it is planning to separate its division that is focused on VR/AR hardware into a new segment, coined as the “metaverse”. The recent development comes after concerns over social media giant’s ad busin...
After Snap Inc. failed to reach its revenue targets last week, investors are now fearing that Facebook’s ad revenue could also be severely impacted due to Apple’s privacy changes. For those unaware, Apple’s privacy updates, which w...
For a while now, automobile manufacturers have started cutting production owing to the global chip shortage crisis. One such automaker, Renault, which expects to publish its Q3 sales soon, also announced of producing a minimum of 300,000 fewer vehicl...
There have been many businesses that have rebranded themselves to alter their identity with time. Following the league, social networking giant Facebook is also reportedly planning to rebrand the firm with a new name. On October 28, Chief Executive ...
The leading motorsport intends to achieve net-zero carbon status by the end of this decade. F1 has ruled out switching to an all-electric powertrain such as in Formula E. With increasing significance towards green mobility, Formula One teams are...
Apple Inc. is likely to cut down production of its iPhone 13 model by approximately 10 million units on account of the global chip shortage. The American multinational technology company was previously expected to manufacture 90 million units of the ...
Arrival, known for revolutionizing the automotive industry with its new approach to assembling and designing electric vehicles (EVs), recently revealed to have been selected by the U.K. government for the exclusive Global Investment Summit in London....
Israel-based multimodal vehicle sharing services provider GoTo Global Mobility Ltd. has reportedly acquired Germany’s shared e-scooter company emmy. The acquisition will allow GoTo Global to enter the German market as well as accelerate its Eur...
Deutsche Lufthansa AG recently revealed that it has agreed to take four new Airbus A350-900 long-haul passenger aircraft on lease, utilizing newer planes that are left grounded as airlines reorganize their balance sheets in the wake of the ...
American airline JetBlue Airways recently announced plans to accelerate its shift to sustainable resources, by investing over USD 1 billion in sustainable aviation fuel (SAF) purchases in an offtake agreement with leading bioenergy developer SG Prest...
South Korean electronics manufacturing giant Samsung Electronics Co. Ltd. has been charged a penalty of USD 46.9 million by the Dutch competition watchdog Authority for Consumers and Markets (ACM) for price-fixing practices in the Netherlands. The m...
Communication solution provider for cloud meetings Tencent Ethereal Audio Lab (TEA-Lab) together with Austria-quartered implantable hearing solutions leader MED-EL recently announced the launched a first-of-its-kind hearing aid app that incorporates ...
Aerospace major Boeing is anticipating the European commercial aviation industry to need nearly 8,705 new airplanes by 2040. The requirement will be driven by the growing leisure travel market and focus towards replacing the current fleet with more f...
Facebook CEO Mark Zuckerberg has reportedly approved a new initiative named Project Amplify, which will consist of implementing various strategies to shed a positive light on the social media giant’s public image. The idea, which was conceived...
Multinational oil and gas company Royal Dutch Shell plc is reportedly planning to begin scaling the production of low carbon jet fuel by 2025, to promote the practice of greenhouse gas emission reduction among the world’s airlines. The oil gia...
Indonesian financial technology company Xendit has reportedly secured USD 150 million during a Series C funding round which was led by Tiger Global. Other investors that participated in the latest fundraising included Justin Kan’s Goat Capital,...
South Korean biotechnology firm Samsung Biologics recently revealed the signing of a Memorandum of Understanding (MoU) to join the ‘Frontier 1.5D initiative’ to devise a climate risk management model. The company is set to join the 2050 C...
The sale date for the Ola S1 and S1 Pro e-scooters was previously scheduled for 8th September. Test rides for the Ola S1 and S1 Pro scooters will begin from October 2021. Ola Electric Mobility has postponed the sales of its first e-scooter from ...
Japan-based SoftBank Group Corp. recently announced a strategic alliance and an equity share swap deal with Deutsche Telekom AG (DT). As part of the partnership, SoftBank's more than 300 portfolio firms receive access to about 240 million DT con...
Google has recently signed a 140MW renewable energy supply agreement with Engie Deutschland. The utility company will build and manage an energy portfolio to deliver renewable electricity from solar and wind sources in Germany to Google. The solar p...
Apple’s next-gen smartwatch is likely to be unveiled this September. The Apple Watch Series 7 is expected to come in 41mm and 45 mm sizes. According to reliable sources, Apple’s upcoming Series 7 smartwatch is likely to have a refres...
Astroscale achieved a milestone when its currently orbiting space junk removal demonstration satellite successfully captured and released a client spacecraft utilizing a magnetic system. End-of-Life Services by Astroscale-demonstration (ELSA-d) miss...
The White House will reportedly conduct an event that will call together some of the largest U.S. tech firms for a discussion about cybersecurity issues after a slew of high-profile hacking incidents disrupted the smooth working of businesses earlier...
World’s largest hotel chain Marriott International Inc. is reportedly planning to proliferate its portfolio in Turkey by opening additional 10 properties by 2022-end, encompassing 43 properties with over 7,000 keys. To strengthen its presence ...
PepsiCo recently announced that it aspires to become ''Net Water Positive'' by 2030, endeavoring to replenish more water than that used in its company-owned and third-party manufacturing facilities in high water-risk areas. PepsiCo al...
Tata Motors Limited is reportedly all set to launch the Hornbill SUV in India by 2021. The mini SUV will be a size lower than the already popular compact SUV, the Tata Nexon. With the new launch, Tata intends to expand its sales network while mainta...
Hackers who had stolen over USD 600 million in one of the biggest ever cryptocurrency heists have returned nearly half of the funds. The cybercriminals found and exploited a vulnerability in Poly Network, which is decentralized finance (DeFi) platfor...
To accelerate its electrification push, France-based automotive giant Groupe Renault has reportedly signed a "framework agreement" with China’s Zhejiang Geely Holding Group Co. Ltd. The duo will work on developing a hybrid vehicle for...
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