Envision Group to invest USD 2.4 Bn for Renault’s electric vehicles

Envision Group of China is reportedly planning to invest up to USD 2.4 billion (2 billion euros) in a battery plant in northern France to make way for a low-cost electric vehicle range from Renault SA. According to Renault, the deal is par....

Ride-hailing giant Didi targeting USD 60 billion valuation in U.S. IPO

China-based vehicle for hire company, Didi Chuxing Technology Co., is reportedly planning to list 288 million American Depository Shares on the New York Stock Exchange under the ticker symbol ‘DIDI’. The shares are equivalent t....

Google Drive, YouTube’s new security updates to impact old links

Google is reportedly implementing some security changes that will affect an unknown number of old links on Google Drive and YouTube. Creators can opt-out of the switch, and keep their videos in their current state if they want. However, vid....

India proposes strict compliance rules for online shopping platforms

The Ministry of Consumer Affairs in India is reportedly planning a ban on flash sales conducted on e-commerce platforms and ensuring that affiliate entities are not listed as sellers on such websites, in a proposed tightening of regulations....

Microsoft expands Fluid Framework to aid hybrid workplace productivity

Multinational tech giant Microsoft Corporation has reportedly expanded its Fluid Framework over a wide range of collaboration and productivity tools including OneNote, Outlook, and Whiteboard to revolutionize the traditional approach of int....

Amazon investigating the Prime team over gender inequality allegations

Amazon has launched an investigation on its Prime team after the Insider reported some gender inequality allegations. These complaints are primarily about the Prime team’s gender-biased working nature and workplace harassment. &n....

Westlake buys Boral’s building products business for USD 2.15 billion

The addition of Boral’s portfolio will double Westlake’s building products business and expand its footprint. The transaction is set to be completed by the second half of 2021. Westlake Chemical Corporation has reportedly a....

Coretec Group, Eindhoven University join hands for research works

U.S.-based new silicon products pioneer Coretec Group Inc. has reportedly entered into a research partnership with Eindhoven University of Technology (TU/e), which is among the leading 50 universities in engineering and technology globally ....

Facebook adds ‘The Healthy Indian Project’ to its fact-checking arm

Social networking giant Facebook is reportedly growing its third-party fact-checking program in India by adding The Healthy Indian Project (THIP) as its first health-specialist partner. According to a statement, the addition of THIP as a f....

FedEx partners with Nuro to develop autonomous package delivery systems

FedEx Corporation and robotics startup Nuro have reportedly signed a multi-year agreement to develop and test last-mile delivery using autonomous vehicles. The American multinational delivery giant will be using its Houston facility for the....