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US, China Reach Deal To Slash Reciprocal Tariffs By 115%
The US and China will temporarily lower tariffs on each other's products, according to a joint statement released in Geneva, in a move to cool trade tensions and give the world's two largest economies three more months to resolve their differences.
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Nintendo Doesn’t Rule Out Switch 2 Price Hike After Soft Outlook
Nintendo expects shipments of the Switch 2 to reach 15 million units in the year to March, shy of the 16.8 million average of analyst estimates compiled by Bloomberg. The company may hike prices for the Switch 2 in the US, depending on how Trump administration tariffs work out.
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Apple Aims to Build Most iPhones for US in India by End of 2026
Apple is seeking to import most of the iPhones it sells in the US from India by the end of next year. The plans are the latest sign of Apple and its suppliers accelerating a pivot away from China, a process that began when harsh Covid lockdowns hurt production at its largest plant.
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VinFast to Open India Factory June 30, Indonesia Plant in October
Vietnamese electric vehicle maker VinFast Auto is pushing expansion in India, Indonesia, and the Philippines. VinFast expects to open its India manufacturing plant June 30, followed by an Indonesia plant in October, company founder and CEO Pham Nhat Vuong said during a Hanoi shareholders’ meeting for parent Vingroup JSC.
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Instagram Co-Founder Says Mark Zuckerberg Saw App’s Growth as ‘Threat’
Instagram co-founder Kevin Systrom testified that the app could have succeeded without being acquired by Meta Platforms. Systrom, testifying Tuesday at Meta’s antitrust trial in Washington, recounted how quickly Instagram was growing before Zuckerberg’s purchase offer.
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JioHotstar Crosses 200 Million Paying Subscribers on IPL Frenzy
JioHotstar has increased its paying subscriber base to over 200 million, driven by multi-language live broadcasts of the hugely popular Indian Premier League cricket matches. To get so many paying subscribers just from India in such a short time was “pretty satisfying,” said Uday Shankar, vice chairman of JioStar.
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US SEC Says Stablecoins Aren’t Securities That Require Registration
US SEC has determined that the assets, generally, aren’t securities. The determination applies as long as a crypto asset is backed by a stable currency such as the US dollar, a commodity like gold or a pool of other assets.
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Ola Electric Counted Yet-to-Be Launched E-Motorbikes in Its February Sales
Ola told India’s Ministry of Road Transport and Highways in a March 21 letter that it added customer bookings for 10,866 third-generation e-scooters as well as 1,395 Roadster X motorcycles in its February sales record, citing them as “confirmed orders.” Roadster motorcycles have not been rolled out so far, while third-gen scooter deliveries b...
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Amazon Submits Bid to Buy TikTok, Adding 11th Hour Intrigue to Acquisition Drama
Amazon.com became the latest big name to jump into the fray, submitting a bid to the White House to buy out a business once valued at $60 billion (roughly Rs. 5,13,272 crore).
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India Tech Startups Worth $100 Billion Seen Seeking IPOs by 2027
More than three dozen tech startups with a combined valuation of $100 billion are set to go public by 2027 in what would mark a rebound in stock sales in India, according to one of the countrys top deal advisers to internet companies.
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Nintendo Switch 2 Outlook by Goldman Sachs Drives Shares
Nintendo Switch 2 is expected to boost active users to record levels, according to Goldman Sachs, driving Nintendo Co. shares to a seven-month high. Set for an April 2 unveiling, the console aims to "unlock dormant users." Launching over seven years after the original Switch, anticipation has pushed Nintendo’s stock to all-time highs.
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China’s DeepSeek Unveils Latest Update in Race With OpenAI
DeepSeek released updates to its V3 model. This update claims to address real-world challenges while setting benchmarks for accuracy and efficiency.
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Ola Electric’s Unit Faces Two Insolvency Pleas Over Vendor Dues
Ola faces insolvency pleas from Rosmerta Digital Services Pvt. and Rosmerta Safety Systems — suppliers of vehicle registration services and high-security registration plates respectively. Ola said it strongly disputes the claims and is seeking legal advice on the matter.
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UK, US Said to Hold Talks in Bid to Resolve Apple Encryption Feud
British officials privately met with US counterparts to address concerns about the UK pressuring Apple Inc. to create a backdoor for accessing Americans' encrypted data. These talks followed Apple's removal of its advanced encryption feature for cloud data in the UK, following a directive by authorities there requesting encryption circumvention to ...
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Pokemon Go Owner Niantic Sells Gaming Business to Saudi Group for $3.5 Billion
Scopely has agreed to buy Niantic’s gaming business. The Niantic games business generated more than $1 billion (roughly Rs. 8,702 crore) in revenue from 30 million monthly active users last year, Scopely said.
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US, China Reach Deal To Slash Reciprocal Tariffs By 115%
The US and China will temporarily lower tariffs on each other's products, according to a joint statement released in Geneva, in a move to cool trade tensions and give the world's two largest economies three more months to resolve their differences.
-
Nintendo Doesn’t Rule Out Switch 2 Price Hike After Soft Outlook
Nintendo expects shipments of the Switch 2 to reach 15 million units in the year to March, shy of the 16.8 million average of analyst estimates compiled by Bloomberg. The company may hike prices for the Switch 2 in the US, depending on how Trump administration tariffs work out.
-
Apple Aims to Build Most iPhones for US in India by End of 2026
Apple is seeking to import most of the iPhones it sells in the US from India by the end of next year. The plans are the latest sign of Apple and its suppliers accelerating a pivot away from China, a process that began when harsh Covid lockdowns hurt production at its largest plant.
-
VinFast to Open India Factory June 30, Indonesia Plant in October
Vietnamese electric vehicle maker VinFast Auto is pushing expansion in India, Indonesia, and the Philippines. VinFast expects to open its India manufacturing plant June 30, followed by an Indonesia plant in October, company founder and CEO Pham Nhat Vuong said during a Hanoi shareholders’ meeting for parent Vingroup JSC.
-
Instagram Co-Founder Says Mark Zuckerberg Saw App’s Growth as ‘Threat’
Instagram co-founder Kevin Systrom testified that the app could have succeeded without being acquired by Meta Platforms. Systrom, testifying Tuesday at Meta’s antitrust trial in Washington, recounted how quickly Instagram was growing before Zuckerberg’s purchase offer.
-
JioHotstar Crosses 200 Million Paying Subscribers on IPL Frenzy
JioHotstar has increased its paying subscriber base to over 200 million, driven by multi-language live broadcasts of the hugely popular Indian Premier League cricket matches. To get so many paying subscribers just from India in such a short time was “pretty satisfying,” said Uday Shankar, vice chairman of JioStar.
-
US SEC Says Stablecoins Aren’t Securities That Require Registration
US SEC has determined that the assets, generally, aren’t securities. The determination applies as long as a crypto asset is backed by a stable currency such as the US dollar, a commodity like gold or a pool of other assets.
-
Ola Electric Counted Yet-to-Be Launched E-Motorbikes in Its February Sales
Ola told India’s Ministry of Road Transport and Highways in a March 21 letter that it added customer bookings for 10,866 third-generation e-scooters as well as 1,395 Roadster X motorcycles in its February sales record, citing them as “confirmed orders.” Roadster motorcycles have not been rolled out so far, while third-gen scooter deliveries b...
-
Amazon Submits Bid to Buy TikTok, Adding 11th Hour Intrigue to Acquisition Drama
Amazon.com became the latest big name to jump into the fray, submitting a bid to the White House to buy out a business once valued at $60 billion (roughly Rs. 5,13,272 crore).
-
India Tech Startups Worth $100 Billion Seen Seeking IPOs by 2027
More than three dozen tech startups with a combined valuation of $100 billion are set to go public by 2027 in what would mark a rebound in stock sales in India, according to one of the countrys top deal advisers to internet companies.
-
Nintendo Switch 2 Outlook by Goldman Sachs Drives Shares
Nintendo Switch 2 is expected to boost active users to record levels, according to Goldman Sachs, driving Nintendo Co. shares to a seven-month high. Set for an April 2 unveiling, the console aims to "unlock dormant users." Launching over seven years after the original Switch, anticipation has pushed Nintendo’s stock to all-time highs.
-
China’s DeepSeek Unveils Latest Update in Race With OpenAI
DeepSeek released updates to its V3 model. This update claims to address real-world challenges while setting benchmarks for accuracy and efficiency.
-
Ola Electric’s Unit Faces Two Insolvency Pleas Over Vendor Dues
Ola faces insolvency pleas from Rosmerta Digital Services Pvt. and Rosmerta Safety Systems — suppliers of vehicle registration services and high-security registration plates respectively. Ola said it strongly disputes the claims and is seeking legal advice on the matter.
-
UK, US Said to Hold Talks in Bid to Resolve Apple Encryption Feud
British officials privately met with US counterparts to address concerns about the UK pressuring Apple Inc. to create a backdoor for accessing Americans' encrypted data. These talks followed Apple's removal of its advanced encryption feature for cloud data in the UK, following a directive by authorities there requesting encryption circumvention to ...
-
Pokemon Go Owner Niantic Sells Gaming Business to Saudi Group for $3.5 Billion
Scopely has agreed to buy Niantic’s gaming business. The Niantic games business generated more than $1 billion (roughly Rs. 8,702 crore) in revenue from 30 million monthly active users last year, Scopely said.
