Washington, Sep 2 (IANS) Global coffee chain Starbucks has named Indian-born Laxman Narasimhan its next CEO. Narasimhan, who currently heads health and hygiene company Reckitt, will join Starbucks in October and take over from its iconic interim CEO Howard Shultz in April. Narasimhan joins the growing ranks of Indian-descent CEOs heading leading US corporate giants such […]
San Francisco, Aug 29 (IANS) PC and printer major HP Inc on Monday announced the completion of its $3.3 billion acquisition of Poly, a leading global provider of workplace collaboration solutions. The deal is expected to accelerate HP’s strategy to create a more growth-oriented portfolio, further strengthen its industry opportunity in hybrid work solutions, and position […]
Mumbai, August 27 India’s forex reserves fell by $6.687 billion to $564.053 billion in the week ending August 19, the RBI’s weekly statistical data showed. “India’s forex reserves dipped to USD 564bn as on August 19, lowest since October 2020. The main reason behind this fall is dip in foreign current assets which the RBI […]
New Delhi, Aug 22 As the government probes multiple fires in electric two-wheelers, only 1 per cent household consumers plan to buy an e-scooter in the next six months amid safety and performance concerns, a new report showed on Monday. Around 32 per cent of respondents are not convinced about the safety and performance of […]
Google has revamped Gmails interface for every user that brings Meet, Chat, video calls and Spaces closer together as part of the overall experience. Later this year, the users will see improvements to Gmail for tablet users, better emoji support and more accessibility features. “Now you can optimise Gmail for how you like to stay […]
Meta has crossed $1 billion annual revenue run rate for ads on its TikTok rival short-video making platform Reels, and Reels now has a higher revenue run rate than Facebook/Instagram Stories at identical times post-launch, its Founder and CEO Mark Zuckerberg has revealed. Zuckerberg said that in the April-June period (Q2), “we saw a more […]
Twitter on Friday said it posted $270 million net loss in the second quarter (Q2), largely owing to uncertainty related to the pending acquisition by Tesla CEO Elon Musk that adversely hit its advertising business. Musk has terminated the $44 billion Twitter deal over the presence of bots on the platform and Twitter has sued […]
Volkswagen Group chairman and CEO Herbert Diess is stepping down from his position at the company and will be replaced by Porsche CEO Oliver Blume. Blume will take over as Chairman of the Group Board of Management and remains at the same time Chairman of the Board of Management of Dr. Ing. h.c. F. Porsche […]
In a bizarre incident, OPPO India saw its YouTube channel being terminated on Monday during the live-stream of its much-anticipated flagship smartphones Reno 8 Pro and Reno 8, OPPO Pad Air tablet, and TWS earbuds. In a bizarre incident, OPPO India saw its YouTube channel being terminated on Monday during the live-stream of its much-anticipated […]
Researchers at the Indian Institute of Technology, Madras (IIT-M) are developing zinc-air batteries as an alternative to lithium-ion batteries for use in electric vehicles. IIT-M researches,according to information available have already applied for patents for the technology. A senior researcher at IIT-M who is in the know of things told IANS that the zinc-air batteries […]