Robert Bosch halts operations at two China plants amid COVID lockdown

The company ferries its workers’ to-and-from secure accommodation or allows them to stay onsite. Tesla and Volkswagen were also forced to shut down their operations in Shanghai. Automotive parts maker Robert Bosch GmbH has report....

Thoma Bravo to buy cybersecurity firm SailPoint for USD 6.12 billion

Thoma Bravo is reportedly planning to acquire Texas-based SailPoint Technologies at a valuation of USD 6.12 billion as part of its elevated ambition for expanding its portfolio into the security software space. Sources claimed that this wi....

EV makers in China severely affected by strict COVID-19 curbs: Report

According to a recent study by China Passenger Car Association, the country’s strategy to combat COVID-19 has severely affected its electric vehicles factories’ output in March with Tesla Inc.’s operations in Shanghai bare....

Drugmakers pledge faster market launch in Europe to avoid strict laws

To avoid tougher regulations introduced by Brussels, several drugmakers have reportedly agreed to speed up the market debut of new treatments in underserved European Union member states. In a statement, the EFPIA (European Federation of Ph....

U.S. authorities to scrutinize Amazon’s e-commerce tactics: Report

U.S. regulators are reportedly looking into whether e-commerce giant Amazon.com Inc. used data from merchants operating on its platform to build its products. The Securities and Exchange Commission has been enquiring about communications in....

Intel is now the latest tech behemoth to pull operations from Russia

The U.S. chipmaker will continue to support its 1,200 Russian employees. Even GlaxoSmithKline has now suspended imports of vitamins into Russia. According to reliable sources, Intel Corporation has halted its business operations in Ru....

U.S. Senators closing on a USD 10 billion worth deal for COVID-19 aid

Senators in Congress are reportedly negotiating to add another USD 10 billion in COVID-19 funds to handle the needs of the United States while writing off foreign assistance from the package. A vote on this could come out as soon as this we....

Google unfairly barred rival payment services on India Play Store: CCI

Initial outcomes of a thorough investigation by India's antitrust agency have reportedly found Google's billing structure for app developers to be discriminatory and unfair, which is setting the path for future penalties for the org....

Bharat Biotech, SII halt COVID-19 vaccine production amidst low demand

Bharat Biotech International Limited and Serum Institute of India have reportedly halted their COVID-19 vaccine production in the country and will instead focus on non-Covid vaccines. The development comes after the demand for vaccines slip....

Apple to add new in-house services to boost its payments infrastructure

Apple Inc. is reportedly constructing its payment processing technology for future financial products to limit its dependence on third-party payment platforms over time. According to sources familiar with the situation, this payment infr....

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