Superyacht sales rise amidst pandemic boom and billionaire splash out

The world is reportedly witnessing an unprecedented surge in the demand for superyachts amidst growing number of billionaires and elevated inclination towards escaping crowds during the COVID-19 pandemic. As per The Superyachts Group, an i....

Wockhardt, RDIF to produce Sputnik V, Sputnik Light COVID-19 vaccines

Pharmaceutical firm, Wockhardt has recently announced that it has teamed with the Russian Direct Investment Fund (RDIF) to produce and supply COVID-19 vaccines Sputnik V and Sputnik Light. ENSO Healthcare, RDIF's coordination partner fo....

U.S. lifts Covid travel ban, braces for international travel surge

The United States is likely to witness a surge in the number of inbound travelers and arrivals, as a majority of the globe’s population would be allowed to enter the country for the first time since March 2020, after the nation had cl....

MG Motor India collaborates with CamCom for AI-based vehicle inspection

The collaboration will also help in introducing customers to the latest AI-oriented inspection modules. CamCom had conducted a pilot project the previous year which was a part of the MG Developer Program and Grant. MG Motor India has ....

Apple may bring car crash detection feature to iPhone, iWatch: Report

Apple is reportedly working on a new feature for its iPhone and iWatch series that will allow the devices to detect a car crash and instantaneously dial 911 in the event of an accident. This crash detection feature could be added to the ser....

Sega, Microsoft to explore cloud gaming to develop big-budget games

Japanese entertainment firm Sega Sammy Holdings recently announced plans to explore a strategic partnership with Microsoft Corporation for producing big-budget games using the cloud gaming technology of the Xbox maker, sparking speculation ....

Cognizant attrition rate logged at 33%, highest in IT services industry

Cognizant’s attrition rate is significantly higher than its Indian competitors TCS (11.9%) and Infosys (20.1%). The IT behemoth has also leveled up its recruitment efforts to fill the employment gap. The IT services industry has ....

India to probe Facebook algorithm following whistleblower’s allegations

Social media platform Facebook is once again under scrutiny in India, after documents made public by whistleblower Frances Haugen showed alleged discrepancies in algorithmic recommendations. The Government of India began the investigation d....

Maruti Suzuki to launch electric vehicles in India after 2025: Chairman

Maruti Suzuki has dominated the small passenger vehicle segment in India for several decades. However, the country has slowly been moving towards electric mobility, with many companies introducing their EVs in the nascent market to reap hig....

Californian shoemaker Allbirds aims for USD 2 Bn valuation in U.S. IPO

The company’s net revenue is projected to jump by 32% to USD 62.5 million in Q3 2021. The IPO will be underwritten by Morgan Stanley, BofA Securities, and JP Morgan Chase & Co.   California-based ecofriendly shoe manufac....