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Canon launches a new Mirrorless camera in India

Canon, the Japanese multinational imaging and optical manufacturing company, on Friday launched a new Mirrorless camera in India. The new model is called EOS M50, of the M-series. Moreover, it is...  Read More

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China’s Alibaba Invests in India’s BigBasket – A Move to Counter Amazon’s Local Market

China’s Alibaba became the biggest shareholder in India’s leading online grocer BigBasket after a US$300mil funding round, stepping up its rivalry with Amazon in the co...   Read More

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BigBasket is making efforts to ramp up its user base and farmer sourcing technology

BigBasket, the online food and grocery store, is all set to put in Rs. 500 crore to bolster its technology and back-end farmer supply chain. The firm is seeking to increase its cus...   Read More

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Ahead of the Pack: Despite Scandal, Volkswagen Group Remains World’s Largest Automaker, Beating Toyota

Volkswagen group sales probably rose to around 10.7 million cars in 2017 and kept the German behemoth ahead of Toyota as the world’s largest automaker, Bild am Sonntag report...   Read More

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Hyundai Motor Invests in Grab, Uber’s Biggest Rival in Southeast Asia

Hyundai Motor has invested in Singapore-based ride-hailing firm Grab, Uber’s biggest ride-hailing rival in Southeast Asia, as the South Korean automaker looks to expand beyon...   Read More

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Automotive Assembly Plant: Toyota, Mazda to Build One in Alabama, Set to Create 4000 Jobs

Japanese automakers Toyota and Mazda have picked Alabama as the site of a new $1.6 billion (¥179.2 billion) joint-venture auto manufacturing plant, sources familiar with the ma...   Read More

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Smartphone Maker Apple Apologises for iPhone Slowdowns and Offers $29 Battery Replacements

Apple has apologized to its customers for what it calls a “misunderstanding” around the revelation that the company has been slowing down older phones to accommodate fo...   Read More

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Corruption Case: Prosecutors Seek Extended Prison Term for Samsung Heir Lee

South Korean prosecutors on Wednesday sought a 12-year jail term for Samsung Electronics Vice Chairman Jay Y. Lee on appeal after a lower court sentenced him to five years in Augus...   Read More

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Chinese Ride-Hailing Giant Didi Chuxing Raises Billions to Counter Uber Abroad

China’s ride-hailing firm Didi Chuxing has raised US$4 billion in funds earmarked for expansion overseas and into areas such as artificial intelligence (AI), as it looks to c...   Read More

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Adidas is shutting down its dedicated digital sports division

Adidas, the multinational sportswear manufacturer, is getting out of the wearable fitness industry. It is shuttering its digital sports organization and reshuffling the remainder o...   Read More

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Consumer Goods Giant Unilever to Sell Spreads Business to KKR for $8 billion

Household names such as Flora and I Can’t Believe It’s Not Butter have been sold by consumer goods giant Unilever to private equity house KKR in a €6.83 billi...   Read More


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