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As Microsoft defends its $69 billion Activision merger, the future of a record tech sector alliance rests with the court-thumnail

As Microsoft defends its $69 billion Activision merger, the future of a record tech sector alliance rests with the court

Federal antitrust officials have filed a lawsuit to stop the $69 billion deal, which they claim will hurt Microsoft’s competition with rivals in the game sector like Sony and Nintendo.

A federal judge must now determine whether to block Microsoft from consummating its acquisition of the video game company Activision Blizzard, which could be the most expensive merger in the history of the technology sector.

Business

Jun 30, 2023

TalentSprint, which is owned by the NSE Academy, earns Rs 100 crore in income in FY23-thumnail

TalentSprint, which is owned by the NSE Academy, earns Rs 100 crore in income in FY23

TalentSprint, an ed-tech startup, was bought in November 2020 by NSE Academy, a wholly-owned subsidiary of the National Stock Exchange. Since the acquisition, the Hyderabad-based company has performed admirably, surpassing the Rs 100 crore revenue mark in FY23.

Business

Jun 29, 2023

According to Microsoft CEO Satya Nadella, exclusive Activision games make no strategic sense-thumnail

According to Microsoft CEO Satya Nadella, exclusive Activision games make no strategic sense

On Wednesday, Microsoft CEO Satya Nadella said that keeping Activision games exclusive would “make no strategic sense” in response to antitrust worries that a proposed $69 billion merger of the two companies would unjustly consolidate power.

Business

Jun 29, 2023

On the cusp of $3 trillion in market value, Apple’s stock hits record highs-thumnail

On the cusp of $3 trillion in market value, Apple’s stock hits record highs

On Wednesday, Apple’s stock reached a record high and was just short of reaching a market capitalization of $3 trillion.

Business

Jun 29, 2023

Uniqlo intends to have a significant manufacturing footprint in India-thumnail

Uniqlo intends to have a significant manufacturing footprint in India

Fast Retailing, the parent company of Uniqlo, is attempting to establish a sizable manufacturing presence in India through 20 “production partners,” according to insiders who spoke to ET.

Business

Jun 29, 2023

Indian stock indices Nifty and Sensx reaches all time high; Nifty touches 18,880 mark.-thumnail

Indian stock indices Nifty and Sensx reaches all time high; Nifty touches 18,880 mark.

Deepak Jasani, the Head of Retail Research at HDFC Securities, remarked, “U.S. stocks concluded Tuesday on a positive note, primarily driven by the stellar performance of mega tech stocks. The

Business

Jun 28, 2023

Dhirren Raj, CEO, Matha Theresa Group-thumnail

Dhirren Raj, CEO, Matha Theresa Group

We have talked to people at different phases with fewer than 100 users who say, ‘We’re going to start on personalisation, and I’m thinking, ‘How are we going to personalize?

Advertising

Jun 28, 2023

Amazon to unveil 7th Prime day sale on 15th July; to see 45,000 new products launch-thumnail

Amazon to unveil 7th Prime day sale on 15th July; to see 45,000 new products launch

Amazon India, the e-commerce behemoth, is gearing up to kick off its much-anticipated flagship sale event, Prime Day, commencing precisely at the stroke of midnight on July 15th and concluding

Business

Jun 28, 2023

World bank approves $200 million to increase and refoirm Himachal Pradesh’s Hydropower capacity.-thumnail

World bank approves $200 million to increase and refoirm Himachal Pradesh’s Hydropower capacity.

In a statement released on a fine Wednesday, the World Bank declared that this substantial funding would play a pivotal role in empowering the state to fortify its renewable energy

Business

Jun 28, 2023

Sekura is in discussions to acquire the $670 million in road assets owned by Ashoka Buildcon-thumnail

Sekura is in discussions to acquire the $670 million in road assets owned by Ashoka Buildcon

According to two people with knowledge of the situation, Sekura, an infrastructure platform owned by the Edelweiss Infrastructure Yield fund, has opened exclusive negotiations to purchase a portfolio of 11

Business

Jun 28, 2023

PwC Announces Smaller Pay Rises and Bonuses for UK Staff Amid Challenging Market Conditions-thumnail

PwC Announces Smaller Pay Rises and Bonuses for UK Staff Amid Challenging Market Conditions

Professional services firm PwC has informed its 25,000 employees in the UK to expect reduced pay rises and bonuses, and even potential freezes, due to what it describes as “challenging”

Business

Jun 28, 2023

China’s Industrial Profits Continue to Decline, Prompting Calls for Policy Support-thumnail

China’s Industrial Profits Continue to Decline, Prompting Calls for Policy Support

China’s industrial firms have witnessed a significant double-digit decline in annual profits during the first five months of the year. This decline is attributed to softening demand, which has squeezed

Business

Jun 28, 2023


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