Before video stores, movies were only seen in theatres, so studios were reluctant to adopt video technology and video stores for fear of revenue losses. However, the first VCRs hit the market…
Category: Business
On zealots and wars in the Silicon Valley: A Facebook insider story
The story of Google’s ill-fated attempt to wrest the control of social media from Facebook is a story we all are aware of. Now, in a soon to be published book on…
Disruption has been overplayed, but focused chaos is the road to future
With active encouragement from the UK government, universities, industry giants and venture capitalists, tech startups looking to be the next unicorn are finding UK to be a fertile destination.
Twitter Joins Hands with Yelp in Japan, UK to Tag Location
Upping the game is something twitter has been doing consistently instead of announcing mega deals unlike a few social media players. The latest news from the twit corner is that the social…
PayPal Credit Gives UK a Better Than the US
Payment platforms are the hottest things that are witnessing tremendous growth among businesses. These are the products that are surging in financial services and are being lapped up by several countries that…
Foxconn Merges with Sharp Despite £1 Billion Debt
After months of negotiating, Foxconn has agreed to acquire Sharp for ¥389bn (£2.5bn) despite Sharp’s debt of over 300 billion yen (£1.85bn). Foxconn, a Taiwanese company, will acquire a controlling stake of 66 percent…
Mastercard “Selfie Pay” Security Feature Coming to the UK
Credit card company Mastercard has announced its plans to bring its new password system to 14 countries in Europe and North America, including the UK. The system is called “selfie pay,” and…
Irish firm Nuritas lands $3.2 million in first round funding
Ireland based star-up Nuritas has landed $3.2 million in first round of funding with Singapore-based New Protein Capital (NPC), a food and agro-tech investment firm, leading the round. Nuritas is using unique…
Aston Martin posts pre-tax loss of £72 million for 2014
Aston Martin hasn’t been able to turn around its loss making situation and to make things worse, it has posted a pre-tax loss of a whopping £72 million for 2014 – nearly…
Aston Martin to cull 295 jobs
A restructuring programme will see Aston Martin cull as many as 295 jobs (14 per cent of its total workforce) as the company seeks to get its head above water. The company…
Paris starts “aggravated deception” inquiry into Volkswagen
As expected, with each passing day troubles for Volkswagen are increasing with the latest jolt coming from Paris where authorities have started an “aggravated deception” inquiry into the German automaker. The move…
Microsoft Sydney store opening on November 12
Microsoft’s flagship store in Sydney, Australia – its first outside of US – is opening on November 12, Redmond has announced in an official blog post. The company also announced opening of…
Staff involved with emission rigging ‘acted criminally’: Volkswagen board member
Volkswagen board member Olaf Lies has said that staff involved with emission rigging ‘acted criminally’ and that they should take personal responsibilities for their actions. Speaking with the BBC, Olaf, who is…
Microsoft bags Adxstudio; acquires its ‘key product and technology assets’
Microsoft has announced its decision to acquire Canada based Adxstudio in an acquisition that will see Redmond bag ‘key product and technology assets’ and not the consulting business. While no one is…
Microsoft fined by China for breaching antitrust rules
China has Microsoft and its Chinese partner Shanghai Oriental Pearl Media Co Ltd, or BesTV, with a fine for breaching antitrust rules, it has been revealed. The fine followed an antitrust investigation…