Market Archive

Uber Decides To Introduce Tipping After Resentment Among Drivers

For several years now, Uber drivers have complained that the app doesn’t prompt riders to tip them. It’s the first complaint drivers often voice, and Uber only began to allow drivers to accept tips after being sued in California and Massachusetts . But that’s changing. Uber announced that it is rolling out a tipping option

Toshiba Likely To Pick Govt-Led Japan-US-Korea Group To Buy Chips Unit

Toshiba Corp will pick a Japanese government-led group of Japanese, US and South Korean firms and funds to buy the conglomerate’s semiconductor business, if sources are to be believed. The consortium, whose bid clears Toshiba’s 2 trillion yen($18 billion) minimum, has been seen as one of the strongest suitors for the unit, the world’s No.

Walmart Confirms of Buying Bonobos

Walmart has eventually confirmed it’s buying Bonobos for $310 million. The retail mega-giant will buy the men’s e-commerce site to join its growing roster of online brands. Walmart has been on an acquisition spree this year, led by Jet.com founder and now Walmart U.S. e-commerce CEO Marc Lore. Walmart bought Jet.com almost a year ago

Xiaomi Redmi 4 Enters India With Mi Router 3C Tagged Along For The Ride

In a latest development, Xiaomi has officially launched the Redmi 4 in India.The phone runs on a Qualcomm Snapdragon 435 processor, an Adreno 505 GPU and is paired with either 2, 3 or 4 GB of RAM. Customers can also select between the 16 and 32GB storage variants. The Redmi 4 also supports microSD’s up

Snapchat Sells Over $8 Million Worth Of Spectacles

Snapchat has just revealed some telling numbers about Spectacles. The sales accounted for the vast majority of the approximately $8 million in other revenue during the first quarter of 2017. That works out to roughly 60,000 units, about twice as many as it sold in the previous quarter. Other revenue, also primarily driven by Spectacles,

Quikr Acquires Zimmber For $10 Million

Quikr has acquired on-demand services player Zimmber, to further scale its hyperlocal household services business The company did not disclose the financial terms of the deal but the acquisition has been made at over $10 million in a largely stock-based deal with a 10% cash component. Zimmber is Quikr’s fourth acquisition for its services category

Tesla To Unveil New Line Of Body Shops

Tesla, the most valuable automaker in the U.S. said it plans to open a line of company-owned body shops for car owners in need of out-of-warranty repairs in its Q1 2017 quarterly earnings letter. The new service comes as part of an infrastructure effort to expand the density and geographic footprint of our presence in

Apple Promises To Create US Manufacturing Jobs

Manufacturing jobs probably aren’t coming back to the U.S., but that’s not stopping Apple from investing in U.S. job creation. CEO Tim Cook announced a new $1 billion fund that would support advanced manufacturing jobs in the United States. Cook shared the news before Apple released new information about the make-up of its workforce. Apple

Vodafone Comes Up With International Roaming Pack i-RoamFREE

Vodafone India has introduced its first-ever truly unlimited international roaming proposition for travelers to USA, UAE and Singapore in its international roaming pack, Vodafone i-RoamFREE. The pack is available at very affordable price points with options at Rs 5,000 for 30-days, Rs 3,500 for 10-days, Rs 2,500 for 7-days and just Rs 500 for every

Ola Aims $100 Million Funding For Further Expansion

Cab aggregator Ola’s board has approved raising up to USD 100 million from existing shareholders, primarily to fund its expansion plans. The company, which is locked in an intense battle with American rival Uber, had recently raised funds to the tune of Rs 1,675 crore from its Japanese investor, SoftBank. The approval was for issuance

Tesla Cuts Down The Price Of Its Cheapest Model S

If you’re planning of buying the entry-level Tesla Model S, there is a got good news for you: Not only is it cheaper, it also comes with some free extras. The changes, which went live recently are as follows: Tesla Model S 75, which comes with a 75kWh battery, and the all-wheel drive variant 75D,