Articles by R. Ghosh

Black Friday retail sales at physical stores plummet, as online sales set a record high of $7.4 billion

Retail sales at brick-and-mortar stores declined 6.2% compared to last year, while sales on Cyber Monday are expected to hit a record high, making it the biggest shopping day ever.

Dec 2, 2019

Amazon prime

Nissan, Mitsubishi, Renault reportedly agree to form new company for R&D of advanced automotive technologies

The aim of the alliance is to appoint a general secretary at the helm of their partnership that will help in boosting joint operations and cooperation among the three car giants

Dec 2, 2019

Fiat signs tentative deal with UAW; company likely to create thousands of new jobs over the next four years

The new deal is likely to help Fiat Chrysler in the future, which announced a $50 billion merger with France's Groupe PSA in November, making it the fourth-largest carmaker in the world.

Dec 1, 2019

What's brewing at Starbucks: Coffee giant likely to update dress code of baristas

The coffee giant is reportedly trying to make a few alterations to its dress code wherein employees can wear dark jeans and dye their hair in any color apart from wearing one facial piercing to work.

Dec 1, 2019

Black Friday online sales hit a record high; Cyber Monday likely to be the biggest ever

Black Friday online sales figures touched record $5.4 million and is on track to surpass $7 million, making it the second-best online sales day in history.

Nov 30, 2019

Thanksgiving online sales hit a record high of $4.2 billion; smartphones lead the rally

Thanksgiving online sales increased 14.5% from last year, led by smartphones that saw an increase of 24.4% surge in sales compared with last year.

Nov 30, 2019

Intel blames Qualcomm's unfair patent licensing practices for its exit from modem chip market

Intel in a brief flied at the 9th U.S. Circuit Court of Appeals has said that it had to sell its modem chip business to Apple that made it suffer losses in billions.

Nov 30, 2019

IKEA to pump in €200 million as it pushes to become carbon neutral by 2030

The first 100 million euros will be invested in renewable energy projects, while the remaining will go towards reforestation and forest protection.

Nov 28, 2019

BMW takes a different route; comes to agreement with labour union on alternate modes of cost savings

The German carmaker said that unlike many it won't be taking drastic steps in its bid to cut operating costs.

Nov 28, 2019

Boeing in turbulent weather as FAA decides to review all new 737 Max aircrafts individually before delivery

The FAA's decision is only likely to delay the delivery of hundreds of 737 Max aircrafts that lie in storage and are awaiting a airworthiness certificate.

Nov 28, 2019

JD.com under fire: Regulators fine Chinabank Payments over forex transactions

A penalty of 29.43 million yuan has been slapped on Chinabank Payments for being negligent that allowed users from the Chinese mainland to make illegal foreign currency transfers.

Nov 27, 2019

Global car sales heading for steepest decline in 2019; demand for passenger vehicles continue to shrink

Global passenger car sales are expected to decline by 3.1 million units in 2019 on a year-over-year basis, steeper than the one witnessed in 2008 during global recession.

Nov 27, 2019

Hyundai plans to capture Southeast Asian market with new plant in Indonesia; to roll out small SUVs

The company will invest $1.55 billion in the plant from now till the end of 2030 and aims to produce 150,000 units annually.

Nov 27, 2019

Amazon to roll out medication management features for Alexa users; tries to expand footprint in the healthcare industry

The e-commerce giant has partnered with Giant Eagle and will initially roll out the feature for all Alexa users in 200 locations.

Nov 27, 2019

Amazon prime

Ebay to sell StubHub to rival Viagogo for $4.05 billion; ticket marketplace goes back to where it belonged

Viagogo sold StubHub to Ebay for $310 million in 2007, seven years after it was launched by Viagogo CEO Eric Baker.

Nov 26, 2019

Amazon prime

Data breach: Facebook, Twitter warn users that some Android apps may have used their logins to steal personal data

The two apps in question are Giant Square and Photofy. A software development kit, One Audience, allowed third-party developers to get access to personal information of hundreds of users.

Nov 26, 2019

Facebook

Amazon to open pop-up store in China; changes gameplan to capture more market share

In a bid to compete with e-commerce players in China, Amazon will open a pop-up that will remain open till the end of the year and will offer around 1,000 foreign products to Chinese customers.

Nov 26, 2019

Amazon prime

LMVH to acquire iconic Tiffany's for $16.6 billion; to expand its luxury jewellery segment

The deal is by far the largest ever in the luxury sector and will aid LMVH in expanding it footprint in the luxury jewellery market in the United States.

Nov 26, 2019

Novartis nearing deal to acquire The Medicines Company for $7 billion; tries to rebuild portfolio of heart-failure drugs

The Swiss pharmaceutical giant will try to add muscle to its all-important heart-failure treatment drugs category with the acquisition of the New Jersey-based company.

Nov 25, 2019

HMD Global announces launch of new Nokia smartphone on Dec 5, exactly a year after the launch of Nokia 8.1

Industry is speculating that the new smartphone is likely to be Nokia 8.2, although chances of an improved version of 2.3 too cannot be ruled out.

Nov 25, 2019

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