In a relief to Amazon, the Delhi high court on Tuesday said it is of the “clear view” that the emergency award (EA) by the Singapore International Arbitration Centre (SIAC) is enforceable in India. It has asked Future Group to not proceed with the Rs 24,731-crore deal with Reliance Industries (RIL) till it pronounces a … Read more
Amazon beat fourth quarter analyst expectations with diluted EPS of $14.09. In 2019, Amazon’s executives earned between $163,200 and over $50 million. Due to previous equity awards, some executives did not receive stock in 2019. Visit Business Insider’s homepage for more stories. Amazon reported diluted EPS of $14.09 for the fourth quarter of 2020 on … Read more
The transition, slated for the third quarter, will make current cloud computing chief Andy Jassy Amazon’s next chief executive officer. Amazon.com Inc on Tuesday said founder Jeff Bezos would step down as CEO and become executive chairman, as the company reported its third consecutive record profit and quarterly sales above $100 billion for the first … Read more
HDFC Bank on Tuesday said the Reserve Bank of India (RBI) has appointed an external IT firm for carrying out a special audit of its IT infrastructure in the aftermath of repeated service outages at the country’s largest private sector lender over the past two years. “RBI has appointed an external professional IT firm for … Read more
Elon Musk said his kids were “mostly educated by YouTube and Reddit” during an interview on Clubhouse. He also said he thinks education should be as engaging for kids as video games. Musk’s five older sons attend a school he created that mainly focuses on AI, coding, and applied science. Visit Business Insider’s homepage for … Read more
Apple is taking advantage of the low interest rate environment to raise $14 billion in debt, according to Bloomberg. The debt offering will include 40-year bonds and proceeds from will go towards buying back stock and dividend payments. Apple ended its most recent quarter with $196 billion in cash, and $112 billion in debt. Sign … Read more
Reddit user u/DeepFuckingValue is a leading figure in Wall Street Bets’ clash with short-sellers. The value investor, who loves cat memes and reaction GIFs, claimed to have turned a $54,000 bet on GameStop into a $48 million fortune. Ten of his Wall Street Bets peers shared their views of him with Insider. Visit Business Insider’s … Read more
Elon Musk expects Tesla to lead the solar market after a ‘better’ integration of two key teams. The company was heavily focused on building and producing Model 3 cars but can now turn more attention to solar, Musk said. Visit Business Insider’s homepage for more stories. Elon Musk, CEO of Tesla, believes that the electric … Read more
Exhibiting its 5G prowess, Bharti Airtel on Thursday announced that it had successfully conducted a live demonstration of 5G service over a commercial network in Hyderabad city. The company said the full impact of the 5G experience would be available to Airtel customers when adequate spectrum is available and government approvals received. Gopal Vittal, managing … Read more