About Author : Akshay Kedari


Akshay Kedari

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.



Contribution by: Akshay Kedari

Swiggy’s moonlighting policy allows employees to take up external gigs

Online food delivery behemoth Swiggy has reportedly established a moonlighting policy that enables its staff to work on external projects, although subject to internal clearance. According to the company, the staff will be allowed...


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Oracle begins employee layoffs before announcing its quarterly results

Oracle Corporation is reportedly planning to lay off thousands of workers as early as August, as the database and cloud services provider is getting ready to release its first-quarter financial results. For those unaware, employees were informed a...


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LVMH outshines in Q2 as European recovery offsets sales drop in China

Luxury good group LVMH Moët Hennessy Louis Vuitton reported second-quarter revenues beyond analysts’ expectations, with extensive progress in the United States and retrieval in Europe which helped mitigate the dwindling sales in Asian busi...


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China’s BYD planning to enter South Korea’s electric vehicle market

The world's largest manufacturer of electric vehicles, BYD Auto. Co. Ltd., is reportedly preparing for EV sales in the South Korean market, competing against the likes of Hyundai Motor Group, the nation's largest automaker, with lower prices ...


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Sony developing autonomous driving sensors that consume 70% less power

The company is likely to employ these sensors in the Sony-Honda JV electric vehicles. These sensors incorporate image recognition and radar technology to decrease harsh weather effects on EVs. Tech behemoth Sony Group is reportedly developi...


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Indian central bank likely to ban cryptocurrencies with global support

The Reserve Bank of India is reportedly planning to forbid cryptocurrencies from its financial structure due to concerns about the destabilizing effect these virtual assets may have on the nation's economic prosperity. India's Finance Mini...


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Japan to extend support to India during its energy transition push

Japan’s Industry Minister Koichi Hagiuda announced on Wednesday i.e., 13th July that the country is planning to assist India in steering its transformation process to clean energy by building on an initiative introduced last year for Southeast ...


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TCS eyeing North America expansion amid economic turmoil in Europe

The statistical figures of Tata Consultancy Services (TCS) for Q1-FY23 have reportedly showcased a mixed outcome of revenues surpassing estimates but with disappointing margins. Aside from this, the company has confirmed that it would be focusing ...


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Meta’s AI-based translation tool can interpret around 200 languages

According to the artificial intelligence researchers at Facebook’s parent company, Meta has taken a step forward towards achieving its science-fiction dream of automated universal translation. Sources claimed that machine learning, the AI-su...


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Foxconn increases annual forecast for 2022 amidst strong tech demand

Foxconn, a prominent contract electronics manufacturer, has reportedly increased its full-year business outlook as a result of robust sales of servers and smartphones, despite concerns over demand drops due to rising inflation. The Taiwanese compa...


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Instagram users can now delete their accounts on all Apple devices

To comply with Apple’s App Store guidelines, popular social media platform Instagram has now added account deletion support to iOS devices. The iPhone maker's store policy notably instructs that all apps that allow users to create accounts ...


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Tesla lays off 200 hourly workers as it closes its California office

Tesla Inc. reportedly closed its San Mateo, California office to expedite cost-cutting and has let go nearly 200 workers who functioned on its autopilot driver-assistant system. Most of these employees were compensated on an hourly basis. Earlier ...


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Around 2,900 Ford Lightning pickups recalled over software-linked issue

The recall covers 220 units of the electric pickup trucks in Canada and 2,666 units in the US. Ford has refused to accept any more orders and declared the EV sold out for 2022. Ford Motor Company has reportedly recalled the first batch of ...


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Coca-Cola ranked the most powerful brand in U.S., as per the BSI score

The Coca-Cola Company, an American multinational beverage corporation, has reportedly secured a Brand Strength Index (BSI) score of 93.3 out of 100, making it the strongest brand in the USA, according to a TradingPlatforms.com analysis of the iconic ...


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FDA to order Juul Labs to pull its e-cigarettes from the United States

The U.S. FDA (Food and Drug Administration) is reportedly planning to instruct Juul Labs Inc. to stop supplying its e-cigarettes in the country. Shares of Altira, which owns a 35% stake in Juul Labs, fell to 8.5% after the latest development. For ...


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E-comm to offer USD 8 Bn opportunity for digital ads in India: Report

According to a recent study, e-commerce platforms are currently India's fastest-growing digital advertising medium and are expected to offer around USD 8 billion worth of opportunities by 2030. Roughly 300-350 million new online customers from ti...


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U.K. seeking USD 935 million in damages from Apple for unfair practices

Apple Inc. is reportedly facing a class-action lawsuit in the United Kingdom, which is seeking USD 938 million in damages, accusing the tech giant of mishandling its market dominance. Justin Gutmann, a consumer rights activist, is leading the case...


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U.K. seeking USD 935 million in damages from Apple for unfair practices

Apple Inc. is reportedly facing a class-action lawsuit in the United Kingdom, which is seeking USD 938 million in damages, accusing the tech giant of mishandling its market dominance. Justin Gutmann, a consumer rights activist, is leading the case...


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Google, Twitter, Facebook compelled to tackle deepfakes or face fines

Credible sources have claimed that Facebook Inc., Twitter Inc., and Google LLC have been forced to address deepfakes and fake accounts on their platforms or pay heavy fines as per the updated mandate from the European Union (EU). For those unaware...


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EU to mandate USB Type-C charging solution for all devices by 2024

Co-legislators of the European Union have reportedly reached a provisional agreement on common charging solutions for a total of 15 different device categories including laptops, smartphones, tablets, and other medium & small-sized electronics ac...


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Asias factory operations slowed in May over China’s COVID-19 curbs

As per reliable sources, factory operations in Asia slowed in May as China's stringent Coronavirus restrictions began to disrupt supply chains and weaken demand, compounding problems for some of the region’s economies that were already stru...


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eBikeGo partners with Log 9 to launch 10mins super-fast charging tech

eBikeGo, India's largest electric two-wheeler commuting platform, has teamed with Log9 Materials, a Bengaluru-based advanced battery technology start-up, to develop a 10-minute instant technology for the Velocipedo, a new electric trike. eBikeGo...


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EV growth likely to be hampered as lithium prices surge 500% in a year

According to reliable sources, lithium prices have surged approximately 500% within just a year, which in turn could hamper the rapid expansion of electric vehicles and threaten the clean air movement. This development comes after battery components ...


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Luxury retailers relying on affluent buyers as inflation grips the U.S.

Luxury retailers in the United States are reportedly depending on the deep pockets of their high-end customers to weather the inflationary storm that has engulfed the retail landscape. Off late, the retail environment is feeling the effects of inflat...


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Hyundai’s U.S. investment expected to reach USD 10 billion by 2025

South Korea's largest carmaker Hyundai Motor Group is reportedly planning to invest an additional USD 5 billion in the U.S. by 2025. The company aims to strengthen its collaboration with technological firms in the country. During a visit to Se...


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Amazon Smart Commerce to digitize 10 million small businesses in India

E-commerce behemoth Amazon Inc. has reportedly launched a “Smart Commerce” initiative in India, aiming to digitalize 10 million small businesses, allow for USD 10 billion worth in exports, and create 2 million jobs by 2025. During the ...


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McDonald’s to leave Russia after 30 years amidst Ukraine’s invasion

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 ...


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Berlin’s GetHenry bags USD 17.4 Mn seed funding for business expansion

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...


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Ferrari to equip the upcoming Purosangue with its trademark V12 engine

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...


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White House to spend USD 3 billion on EV battery manufacturing in U.S.

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...


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Telefonica eyeing Israel’s high-tech sector to improve its portfolio

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...


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Harley-Davidson’s Q1 profit falls over chip shortages and rising costs

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...


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Worldwide military expenditure exceeded USD 2 trillion in 2021: Report

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...


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Rolls-Royce likely to get U.K. approval for its mini nuclear reactor

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...


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New York Police Department adds Ford Mustang Mach-E GT to its EV fleet

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...


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Cruise adds another Walmart store for its self-driving delivery pilot

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....


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Glenmark obtains DCGI nod for clinical study of its GRC 54276 molecule

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...


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Marriott, Charge Zone partner to install EV charging stations in India

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 ...


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Climate change could cost federal budget USD 2 Tn yearly: White House

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...


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Robinhood launches new debit card to reinforce its financial footprint

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 ...


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BMW recalls 1 million vehicles due to potential fire risks in the U.S.

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...


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KFC parent Yum! Brands halts development and investment in Russia

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...


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South Korea’s Hyundai Motor Co boosts EV spending to USD 16 Bn

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...


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LinkedIn’s Creator Accelerator Programme to assist 200 Indian creators

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...


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Delivery e-bike startup Zoomo secures USD 20 Mn in Series B fundraise

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...


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Misinformation on social media holding back vaccination rates: Study

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...


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Tyson Foods to ease mask reforms as infection rates plunge in the U.S.

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...


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Toyota, Honda profit-ambitious as customers pay more for limited cars

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...


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SoftBank plans an IPO for Arm after purchase deal with Nvidia collapses

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...


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Audi eyeing to produce electric cars locally in India to boost sales

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...


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GM reports 110,000 bookings for the Chevrolet Silverado electric truck

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 ...


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Apollo HealthCo. in talks to raise USD 500 Mn via a minority stake sale

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...


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Lamborghini India posts 86% growth with highest-ever sales in 2021

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...


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Tesla outperforms analyst expectations for Q4 revenue and profit

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...


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Bentley to launch its first fully battery-powered luxury car in 2025

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...


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Ola Electric’s value soars to USD 5 Bn following a USD 200 Mn funding

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...


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Grocery delivery race among Indian startups stirs road safety concerns

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...


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SaaS Labs raises USD 42 Mn in Series B, acquires Callpage and Atolia

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...


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Sony loses USD 20 billion in market value on Microsoft-Activision deal

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...


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Samsung to launch first-ever smartphone chip with AMD ray-tracing GPU

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...


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Mercedes-Benz to double down on its electric vehicle sales in India

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...


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Tesla gets German nod to develop test cars at unfinished Berlin factory

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...


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Power Gummies secures USD 6 million in 9Unicorns-led Series A funding

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...


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Marriot establishes a research & development lab to promote innovation

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...


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Sony to steer into the electric vehicle space with a new mobility unit

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...


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Apple becomes world's first company to reach USD 3 trillion valuation

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...


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AIMMO bags USD 12 million to develop faster data labeling technology

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...


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Bharat Biotech seeks DCGI approval to study Covaxin booster efficacy

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...


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Daimler India records 10% growth, surpassing pre-COVID export levels

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...


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Tesla under probe from NHTSA for its “Passenger Play” gaming feature

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...


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Gravity brings Ford’s Mustang Mach-E to join New York City’s taxi fleet

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...


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Bizongo secures USD 110 Mn in Series D funding led by Tiger Global

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...


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Korean online grocery startup Kurly raises USD 210 Mn in pre-IPO round

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 ...


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Self-driving truck company Aurora launches test run with Uber Freight

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...


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Reddit confidentially submits draft to SEC for a likely public listing

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...


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Netflix India cuts subscription plan fees by 60% in expansion efforts

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...


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BMW partners with Global Foundries, Inova for hassle-free chip supply

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...


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BYJU’S acquires Austrian EdTech startup GeoGebra for USD 100 million

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...


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FDA approves AstraZeneca treatment for cases reacting badly to vaccines

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...


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Foxconn, Stellantis partner to design flexible chips for auto industry

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 ...


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Vingroup’s automotive arm eyeing to go public in the U.S. by late 2022

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....


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Qualcomm introduces G3x Gen1 chip for next-gen handheld gaming devices

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...


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Twitch launches ‘Suspicious User Detection’ tool to track ban evaders

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...


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Thermo Fisher claims its tests can detect Omicron variant accurately

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...


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Motorway obtains unicorn status following a USD 190 Mn Series C funding

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...


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Spotify found testing TikTok-style short vertical video feed in its app

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...


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General Motors to deliver Hummer electric pickups starting December

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...


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Pokémon GO creator Niantic raises USD 300 Mn to build its own metaverse

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...


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Lockheed Martin, STEM Punks partner for future space workforce growth

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 ...


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Uber relaunches its shared rides offering as ‘UberX Share’ in the U.S.

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...


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Shell to make Britain its HQ amid tense relations with the Netherlands

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...


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Qualcomm introduces Snapdragon Spaces XR for head-worn AR experiences

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...


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Netflix starts testing Tik-Tok style short video feature for kids

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...


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World Bank's IFC, South African firm partner for digital expansion

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 ...


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Chinese HR tech startup Moka raises USD 100 million in Series C funding

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...


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Apple’s privacy policy cost social media platforms USD 10 Bn: Report

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...


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Uber to obtain 50,000 Tesla electric vehicles through a deal with Hertz

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,...


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McDonald’s beats Q3 expectations as higher U.S. prices drove sales

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-...


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Facebook to invest heavily in metaverse after its ad business slumped

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...


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Facebook ad revenue could face more brunt over Apple’s privacy changes

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...


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