New Delhi: E-commerce and technology major Amazon will soon start manufacturing of its electronics products including the 'Fire TV' stick in India.After a virtual conversation with Amit Agarwal, Global Senior Vice President of Amazon and Country Head for India and Chetan Krishnaswamy, Vice President, Public Policy of Amazon India, the Union Minister for Electronics...
San Francisco: With a sign of acceptance among the mainstream investors, world's largest cryptocurrency Bitcoin surpassed a record high of $50,000.This year, Bitcoin rose around 72 per cent after tech billionaire Elon Musk's electric vehicle company Tesla invested $1.5 billion in it.Tesla has said that it will also "begin accepting bitcoin as a form...
London: UK Prime Minister Boris Johnson will host a virtual meeting of the G7 leaders on Friday to discuss efforts to ensure an equal distribution of Covid-19 vaccines and prevent future pandemics. Johnson will call for a new global approach to pandemics, drawing on lessons from the divisions that characterized the initial international response to...
San Francisco: Chinese conglomerate Huawei has reached a court in the US, demanding it to overturn the Federal Communications Commissions (FCC) decision to designate the company as a national security threat. In 2019, the FCC voted to prevent US companies from doing business with Huawei and ZTE on national security concerns. The FCC finalized the ban...
Beijing: Huawei Founder and CEO Ren Zhengfei has urged the new US administration to adopt a more "open policy" towards Chinese companies, while he also expressed his desire to talk to President Joe Biden. This is the first time the Huawei Founder has spoken to international media since the new administration took office in the...
New York: Major US stock indexes registered all-time closing highs this week amid optimism over U.S. fiscal stimulus, and bitcoin jumped after Tesla revealed it had purchased $1.5 billion of the cryptocurrency and would soon accept it as a form of payment. The world's most widely-held cryptocurrency, bitcoin touched a record high following the Tesla...
New Delhi: Finance Minister Nirmala Sitharaman said that the government has managed to make the Union Budget transparent and there is nothing under wraps or swept under the carpet. "Whatever the government is borrowing or spending is open for everyone to see," she said during a virtual event 'Demystifying Union Budget 2021-22', organised by the...
Mumbai: India's FY22 budget has the potential to lift economic prospects, as higher expenditure will support the near-term recovery and increased infrastructure spending could boost sustainable medium-term growth rates, said Fitch Ratings. Accordingly, the ratings agency pointed out that labor market and agricultural reforms that were legislated in September 2020 could also lift medium-term growth. However,...
Washington: After online trading app Robinhood, co-founded by Indian American Baiju Bhatt, created a mayhem among the traders this week, the US Securities and Exchange Commission (SEC) has said it is closely monitoring and evaluating the extreme price volatility of certain stocks' trading prices over the past several days. Although the FAA did not directly...
