Business News

Cyrus Mistry, chairman of Tata Group, smiles during the Tata Consultancy Services Ltd. (TCS) annual general meeting in Mumbai June 27, 2014

India's Tata Sons suffers setback as Cyrus Mistry gets tribunal backing to return as chairman

India's company law tribunal says the appointment of N Chandrasekaran as Tata Sons chairman is illegal.

Dec 19, 2019

By Reuters

China and US close to signing Phase 1 trade deal? Beijing drops hints

Both the Chinese and US trade teams are in close communication, Chinese commerce ministry says.

Dec 19, 2019

By Reuters

Netflix loses over a million subscribers to Disney+

According to a new report, Netflix lost more than a million subscribers to rival streaming platform Disney+ last month in a market it has long dominated

Dec 19, 2019

By Manthan C.

Netflix

2020 will be the breakout year for intelligent automation, predicts Automation Anywhere

Five Robotic Process Automation (RPA) developments are expected to impact Asia in 2020

Dec 19, 2019

By IBTimes SG Desk

Microsoft CEO Satya Nadella (left), and Jun Sawada, President and CEO of NTT Corporation

NTT and Microsoft form a strategic alliance to enable new digital solutions

NTT has chosen Microsoft Azure as its preferred cloud platform for modernizing its global IT infrastructure and customer solutions

Dec 19, 2019

By IBTimes SG Desk

Ford to pump in $1.45 billion in its Detroit facilities, add 3,000 jobs

The US carmaker will invest $750 million in its Michigan Assembly Plant and another $700 million in its Dearborn facility

Dec 19, 2019

By R. Ghosh

Facebook and Instagram say won't allow influencers to promote weapons and vaping

It was long overdue from Facebook and Instagram given that they have often faced backlash for allowing social media influencers to promote harmful products

Dec 19, 2019

By R. Ghosh

Facebook

Southwest Airlines continues to bleed as it decides to go without Boeing 737 Max until after Easter

Southwest said it was planning to put the jet off its schedule till April and isn't in response to Boeing's decision of suspending 737 Max production

Dec 18, 2019

By R. Ghosh

More employees join strike at Amazon's facility centers in Germany ahead of Christmas

The e-commerce giant has 20,000 employees in Germany but has said that the strike is by a small portion and hasn't affected its operations

Dec 18, 2019

By R. Ghosh

Amazon prime

Boeing suspends 737 MAX production as FAA refuses to budge on flying ban

Boeing shares fell more than 4 percent on Monday after reports emerged that the aircraft maker was planning to halt production.

Dec 17, 2019

By Jacob J

NBCUniversal reshuffles top management; Jeff Shell to replace Steve Burke as CEO

The announcement comes just months ahead of the launch of the its much-awaited Peacock streaming service

Dec 17, 2019

By R. Ghosh

Intel acquires Israeli AI chipmaker Habana for $2 billion in a bid to boost its data-center business

Intel has been trying to expand it AI portfolio and focus more on its data-center sales lately, as PC sales continue to stagnate

Dec 17, 2019

By R. Ghosh

Artificial intelligence

US exports to China set to double after phase one of trade deal is implemented

A date for senior U.S. and Chinese officials to formally sign the agreement is still being determined

Dec 16, 2019

By Reuters

1,480 chief executives departed this year: Another five to make it a record year

October and November combined saw 320 chief executives stepping down from their post

Dec 16, 2019

By R. Ghosh

$10 billion and counting: Disney set for a record year at the box office

In 2016, Disney raked in $7.4 billion globally from its box-office titles, the highest a studio has ever earned in history

Dec 16, 2019

By R. Ghosh

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