These gains could signal that inequality keeps increasing during the pandemic. Over the last 13 months, American billionaires added $1.62 trillion to their wealth – a 55% increase. This was a finding in the latest report from the left-leaning Institute for Policy Studies (IPS) and Americans for Tax Fairness (ATF). Both groups have tracked billionaire gains … Read more
Toshiba Corp CEO Nobuaki Kurumatani resigned on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners and the conglomerate’s shares surged on reports that more suitors were planning offers. Toshiba Chairman Satoshi Tsunakawa will become chief executive, the company said in a statement. The statement gave no reason for the … Read more
Bitnine Global Inc., a Graph database R&D company, launched a cloud-based graph visualization solution, AG Cloud Express. Bitnine explained the background of the release of AG Cloud Express, saying “It is a response to the growth of global demand and market needs for cloud service.” AG Cloud Express is a free online database service based … Read more
Hamleys, a British retail icon that hasn’t made a profit for a number of years, plans to quadruple its outlets in the former British colony to more than 500 in three years despite the pandemic, according to Darshan Mehta, chief executive officer of Ambani’s Reliance Brands Ltd. Besides the main growth market, the company is … Read more
While it has already opened its electric technologies plant in Bengaluru that produces battery packs, power electronics and motors, it has also invested in a new manufacturing unit at its chakan plant to produce EVs. Mahindra & Mahindra Ltd will put in fresh investments to the tune of ₹ 3,000 crore on its electric vehicles … Read more
The net direct tax collection for the fiscal ended March 31 stood at Rs 9.45 lakh crore, an increase of 5 per cent over the revised estimates in the Union Budget. Central Board of Direct Taxes (CBDT) chairman P C Mody on Friday said the income tax department has exceeded the revised estimates despite issuing … Read more
Peter Thiel, one of Silicon Valley’s most prominent venture capitalists, suggested bitcoin could pose a threat to the US during a virtual seminar held by the Richard Nixon Foundation this week.”Even though I’m a pro-crypto, pro-bitcoin maximalist person, I do wonder whether at this point bitcoin should also be thought of in part as a … Read more
1. At one year old, Clubhouse has a user base bigger than the population of Pennsylvania. Clubhouse has crossed 15 million app installs, according to the app analytics company SensorTower. Its founders also said Tuesday that the app had 15 million users. If it was a state, Clubhouse would be the fifth largest state by … Read more
Telecom operator Bharti Airtel on Wednesday announced an integrated platform that enables enterprises to leverage the power of the Internet of Things (IoT) and gear up for the emerging era of ‘connected things’. ‘Airtel IoT’ is an end-to-end platform with the capability to connect and manage billions of devices and applications in a highly secure … Read more