Apple is reorganising the management of its international businesses to give more focus on India, which has become an important market for the company. This marks the first time that India will be its own sales region at Apple, highlighting the nation’s growing significance. According to Bloomberg sources, the shift is happening after the retirement … Read more
Apple Inc.’s walled garden around its technology is as synonymous with the iPhone maker as the iPhone itself. It is how Apple lures consumers into buying expensive earphones, watches and speakers that work seamlessly with that rectangular slab in their pockets, and ultimately what locks people in to Apple products. That has been great … Read more
Vodafone Idea (Vi) has approached the State Bank of India (SBI) for a loan of Rs 15,000-16,000 crore to meet its capital expenditure needs and fund its gear supply for the 5G rollout, a report in the Economic Times (ET) said. The talks have reportedly been going on for over a month now and SBI … Read more
Apple and Aramco are the world’s top two companies by market capitalization. The combined market cap of Aramco and Apple is six times that of Tesla, at today’s stock price. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Elon Musk, … Read more
“We think it makes perfect sense,” said Ben Wood in an interview with CNBC. He said, “Starlink is going to need to invest heavily.” In its annual report of predictions, CCS Insights said that as Starlink’s revenue becomes “more predictable” and it expands its user base the company is “spun off to raise capital to … Read more
As per newspaper reports, mobile tower giant Indus Towers (Indus) is learnt to have asked debt-ridden Vodafone Idea (VIL) to clear outstanding dues and pay every month on time for continuity of the business post-November. The step is supposedly taken after the independent directors of Indus raised concerns on the mounting receivables from VIL At … Read more
Chip-maker Qualcomm has reported a 37 per cent rise in its revenue in the June quarter despite challenging macro-economic environment, announcing the extension of its patent license agreement with Samsung for its Galaxy devices. The company posted $10.93 billion in revenue for its third quarter (April-June period) and its handset business grew 59 per cent … Read more
How the Reliance (RIL) empire gets divided between the three siblings has been a hotly debated topic over the last few years. Many attribute the unprecedented fund raising of about Rs 1.65 lakh crore in 2020 to be the 1st step in that direction. Funds were raised from a multitude of reputed global strategic and … Read more