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Reliance, Disney Said to Seek CCI Nod With Cricket Rights Assurance
Reliance and Disney are said to have asked the Competition Commission of India (CCI) to approve their $8.5 billion media merger by arguing their combined power will not hit advertisers. The deal will result in the creation of India's biggest entertainment player with 120 TV channels and two streaming services, and is expected to face intense scruti...
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Facebook Parent Meta Reports Sales Drop, But Beats Expectations
Meta said sales dropped one percent to $116.6 billion in 2022, while it also announced that the number of daily users on Facebook hit two billion for the first time.
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Intel Hit With $949 Million Verdict in US Trial Over Violation of VLSI Computer Chip Patent
Intel on Tuesday was directed to pay VLSI Technology $949.8 million (roughly Rs. 7,800 crore) for violating a patent for computer chips held by VLSI. Last March the company won a nearly $2.2 billion (roughly Rs. 18,000 crore) verdict from Intel in a separate Texas trial over different chip patents, which Intel has appealed. VLSI lost another relate...
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Facebook Parent Meta Ordered to Pay $10.5 Million Legal Fees to Washington State
Facebook parent company Meta has been ordered to pay $10.5 million (nearly Rs. 86 crore) in legal fees to Washington state atop a nearly $25 million (nearly Rs. 200 crore) fine for repeated and intentional violations of campaign finance disclosure laws. King County Superior Court Judge Douglass North issued the legal-fee order Friday, two days afte...
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Forex Reserves Dip By $7.94 Billion; Hit The Lowest Level In 23 Months
India's foreign exchange (forex) reserves slumped by $7.941 billion to $553.105 billion for the week ended September 2, the lowest level in almost two years, the Reserve Bank of India (RBI) data showed.
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Sequoia Capital Launches Two New Funds With Web 3 Investments Part of Its Focus
Sequoia India and Sequoia Southeast Asia raised $2.85 billion (roughly Rs. 22,140 crore) across three funds to continue financing entrepreneurs in the region. Sequoia is introducing a specific Southeast Asian fund worth $850 million (roughly Rs. 6,603 crore) for the first time, while the Indian venture and growth funds will receive $2 billion (roug...
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Foldable Phone Market Sees 264 Percent Growth in a Year, Projected to Hit $29 Billion in Value by 2025: IDC
Foldable phone market worldwide will reach 27.6 million units in 2025 with a compound annual growth rate (CAGR) of 69.9 percent from 2020 to 2025, according to International Data Corporation (IDC). It grew 264.3 percent from 2020 to 2021.
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UEFA Estimates COVID-19 Pandemic Cost European Clubs 7 Billion Euros
With gate receipts decimated, sponsorship down and television rights receipts hit, clubs suffered a four billion euros hit in 2019-2020, and three billion in 2020-2021
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Rivian R1T Becomes First Electric Pickup Truck To Hit The Roads
Rivian has shown great tenacity to become the first car maker to release an electric pickup truck
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Rick Astley's 1987-Hit 'Never Gonna Give You Up' Garners One Billion Views on YouTube
Rick Astley's 1987 song "Never Gonna Give You Up" passed one billion views on YouTube. Over two decades after the music video was released, it became an Internet hit when it was used for the now-popular 'Rickrolling' prank.
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A $1 Billion Covid Crypto Donation For India Hits Red Tape
Two months after Ethereum co-founder Vitalik Buterin donated about $1 billion in cryptocurrency to an India Covid relief fund, about $20 million has been paid out so far.
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Europe's Top Football Clubs Face Two Billion Euros Revenue Hit Due To Coronavirus: Report
Rebates for Europe's "top five" leagues in England, Spain, Germany, France and Italy, and UEFA's Champions League and Europa League competitions already total almost 1.2 billion euros.
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Meet The Tanzanian Miner Who Became A Millionaire Overnight
A Tanzanian subsistence miner hit the jackpot on Wednesday after the government handed him a cheque for 7.74 billion Tanzanian shillings ($3.35 million) for the two largest tanzanite gemstones ever found.
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India Planning Rs 11,900 Crore Bailout For Airlines Hit By Virus: Report
India is planning a rescue package worth as much as $1.6 billion for the aviation sector, which has been battered after the coronavirus outbreak forced countries to close borders and brought air travel to a near-halt, two government sources told Reuters.
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Amazon Soars to $1 Trillion Value as It Hits 150 Million Prime Members
Amazon.com on Thursday posted holiday quarter results well above expectations as the expansion of its one-day shipping program came under budget and membership in its Prime loyalty club notched a 50 percent rise in two years.
-
Reliance, Disney Said to Seek CCI Nod With Cricket Rights Assurance
Reliance and Disney are said to have asked the Competition Commission of India (CCI) to approve their $8.5 billion media merger by arguing their combined power will not hit advertisers. The deal will result in the creation of India's biggest entertainment player with 120 TV channels and two streaming services, and is expected to face intense scruti...
-
Facebook Parent Meta Reports Sales Drop, But Beats Expectations
Meta said sales dropped one percent to $116.6 billion in 2022, while it also announced that the number of daily users on Facebook hit two billion for the first time.
-
Intel Hit With $949 Million Verdict in US Trial Over Violation of VLSI Computer Chip Patent
Intel on Tuesday was directed to pay VLSI Technology $949.8 million (roughly Rs. 7,800 crore) for violating a patent for computer chips held by VLSI. Last March the company won a nearly $2.2 billion (roughly Rs. 18,000 crore) verdict from Intel in a separate Texas trial over different chip patents, which Intel has appealed. VLSI lost another relate...
-
Facebook Parent Meta Ordered to Pay $10.5 Million Legal Fees to Washington State
Facebook parent company Meta has been ordered to pay $10.5 million (nearly Rs. 86 crore) in legal fees to Washington state atop a nearly $25 million (nearly Rs. 200 crore) fine for repeated and intentional violations of campaign finance disclosure laws. King County Superior Court Judge Douglass North issued the legal-fee order Friday, two days afte...
-
Forex Reserves Dip By $7.94 Billion; Hit The Lowest Level In 23 Months
India's foreign exchange (forex) reserves slumped by $7.941 billion to $553.105 billion for the week ended September 2, the lowest level in almost two years, the Reserve Bank of India (RBI) data showed.
-
Sequoia Capital Launches Two New Funds With Web 3 Investments Part of Its Focus
Sequoia India and Sequoia Southeast Asia raised $2.85 billion (roughly Rs. 22,140 crore) across three funds to continue financing entrepreneurs in the region. Sequoia is introducing a specific Southeast Asian fund worth $850 million (roughly Rs. 6,603 crore) for the first time, while the Indian venture and growth funds will receive $2 billion (roug...
-
Foldable Phone Market Sees 264 Percent Growth in a Year, Projected to Hit $29 Billion in Value by 2025: IDC
Foldable phone market worldwide will reach 27.6 million units in 2025 with a compound annual growth rate (CAGR) of 69.9 percent from 2020 to 2025, according to International Data Corporation (IDC). It grew 264.3 percent from 2020 to 2021.
-
UEFA Estimates COVID-19 Pandemic Cost European Clubs 7 Billion Euros
With gate receipts decimated, sponsorship down and television rights receipts hit, clubs suffered a four billion euros hit in 2019-2020, and three billion in 2020-2021
-
Rivian R1T Becomes First Electric Pickup Truck To Hit The Roads
Rivian has shown great tenacity to become the first car maker to release an electric pickup truck
-
Rick Astley's 1987-Hit 'Never Gonna Give You Up' Garners One Billion Views on YouTube
Rick Astley's 1987 song "Never Gonna Give You Up" passed one billion views on YouTube. Over two decades after the music video was released, it became an Internet hit when it was used for the now-popular 'Rickrolling' prank.
-
A $1 Billion Covid Crypto Donation For India Hits Red Tape
Two months after Ethereum co-founder Vitalik Buterin donated about $1 billion in cryptocurrency to an India Covid relief fund, about $20 million has been paid out so far.
-
Europe's Top Football Clubs Face Two Billion Euros Revenue Hit Due To Coronavirus: Report
Rebates for Europe's "top five" leagues in England, Spain, Germany, France and Italy, and UEFA's Champions League and Europa League competitions already total almost 1.2 billion euros.
-
Meet The Tanzanian Miner Who Became A Millionaire Overnight
A Tanzanian subsistence miner hit the jackpot on Wednesday after the government handed him a cheque for 7.74 billion Tanzanian shillings ($3.35 million) for the two largest tanzanite gemstones ever found.
-
India Planning Rs 11,900 Crore Bailout For Airlines Hit By Virus: Report
India is planning a rescue package worth as much as $1.6 billion for the aviation sector, which has been battered after the coronavirus outbreak forced countries to close borders and brought air travel to a near-halt, two government sources told Reuters.
-
Amazon Soars to $1 Trillion Value as It Hits 150 Million Prime Members
Amazon.com on Thursday posted holiday quarter results well above expectations as the expansion of its one-day shipping program came under budget and membership in its Prime loyalty club notched a 50 percent rise in two years.
