Articles for category: Business

Connie Queline

Ambani cements India media dominance with Disney Merger

Ambani cements India media dominance with Disney Merger

Indian billionaire Mukesh Ambani has signed a binding agreement with Walt Disney Co to form an $8.5 billion media giant through a merger of their operations in the country, securing a dominant position in one of the world’s fastest-growing entertainment markets. Ambani’s oil-to-telecoms conglomerate Reliance Industries will control over 60% of the new unit — ...

Xiaomi founder Lei Jun followed Apple into the EV market. He’s now ‘very shocked’ by the iPhone maker’s decision to pull out

Xiaomi founder Lei Jun followed Apple into the EV market. He’s now ‘very shocked’ by the iPhone maker’s decision to pull out

Both Xiaomi and its founder, Lei Jun, are big fans of Apple. The Chinese smartphone maker embraces Apple-like designs in its products and advertising, leading some to dub the company “the Apple of China.” And Lei cites Steve Jobs as an inspiration, saying that the 1984 book Fire in the Valley put him on the ...

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China’s Xpeng and Volkswagen extend partnership to develop two B-class battery EVs

China’s Xpeng and Volkswagen extend partnership to develop two B-class battery EVs

Sean Gallup/Getty Images News Chinese EV company XPeng (NYSE:XPEV) and Volkswagen Group (OTCPK:VWAGY), entered into a master agreement to develop two B-class battery electric vehicles, and also pave the way for an extended and deeper strategic collaboration in the future, the companies said Wednesday after market. As part of the agreement, both parties have also ...

Connie Queline

KAP balance sheet is ‘managed well’

KAP balance sheet is ‘managed well’

You can also listen to this podcast on iono.fm here. Insights on Woolies’ results from Lonwabo Maqubela at Perpetua Investment Managers, Cashbuild’s performance discussed by CEO Werner de Jager, and KAP’s Gary Chaplin addresses challenging results and financial pressures. Guests on today’s show: Lonwabo Maqubela: Perpetua Investment ManagersWerner de Jager: CashbuildGary Chaplin: KAP SOURCE

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UnitedHealth hackers claim to have stolen millions of records: report

UnitedHealth hackers claim to have stolen millions of records: report

jetcityimage The ransomware group allegedly behind a recent cyberattack at UnitedHealth’s (NYSE:UNH) Change Healthcare unit is claiming it stole millions of records, including data from partners such as Medicare, the US military’s TriCare and CVS Health (NYSE:CVS), according to Reuters. The hacker group, known as Blackcat and ALPHV, posted the claims on its dark web ...

Connie Queline

Exploring the surge in SA’s online betting market

Exploring the surge in SA’s online betting market

The gambling landscape in South Africa has undergone a significant transformation, especially in the online betting sector. The National Gambling Board’s Annual Report for 2022/23 provides a comprehensive overview of this evolution, highlighting the critical role online gambling plays in the nation’s economy. In the fiscal year 2022/23, the gross gambling revenue (GGR) for South ...

Rockstar Games calls off remote work, citing leaks in the run-up to releasing the new Grand Theft Auto VI

Rockstar Games calls off remote work, citing leaks in the run-up to releasing the new Grand Theft Auto VI

Rockstar Games, a division of Take-Two Interactive Software Inc., will ask employees to return to the office five days a week beginning in April as the video-game maker enters the final stages of development on its next game, the hotly anticipated Grand Theft Auto VI. In an email to staff on Wednesday reviewed by Bloomberg, Rockstar Head of Publishing Jenn ...

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C3.ai Non-GAAP EPS of -alt=

C3.ai Non-GAAP EPS of -$0.13 beats by $0.15, revenue of $78.4M beats by $2.26M

C3.ai press release (NYSE:AI): Q3 Non-GAAP EPS of -$0.13 beats by $0.15. Revenue of $78.4M (+17.6% Y/Y) beats by $2.26M. Shares +11%. Subscription Revenue: Subscription revenue for the quarter was $70.4 million, constituting 90% of total revenue, an increase of 23% compared to $57.0 million one year ago. Customer Engagement for the quarter was 445, ...

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