Despite delivering a record 95,200 cars in the second quarter (Q2) of 2019, Elon Musk-led electric car maker Tesla reported a net loss of $408 million for the quarter that ended June 30. Tesla reported revenue of $6.3 billion — a significant improvement from Q2 last year when it reported revenue of $4 billion. The company also announced it’s Chief Technology Officer J.B. Straubel is leaving Tesla.
After the International Business Machines Corp. (IBM) completed the acquisition of Red Hat for $34 billion earlier this month, a top executive from the iconic software company with an open-source development model has said that it was a “match made in heaven” that will help it accelerate growth globally, including in India. In India, Red Hat, which specializes in Linux operating systems, has engineering facilities in Pune and Bengaluru.
Chennai-based security researcher Laxman Muthiyah has won $30,000 as a part of a bug bounty programme after he spotted a flaw in Facebook-owned photo-sharing app Instagram.
Facebook and T-Hub, a Telangana government’s incubator for startups, July 17 announced the list of ten selected startups for the second edition of their programme “India Innovation Accelerator.”
Wipro CFO Jatin Dalal, President and COO B.M. Bhanumurthy, CEO Abidali Neemuchwala and Chief Human Resources Officer Saurabh Govil during a press conference where the company announced financial results for the first quarter (Q1) of fiscal 2019-20, in Bengaluru on July 17, 2019.
Xiaomi has completely redefined the Indian market, first by creating value-for-money yet powerful smartphones and then branching out with successful sub-brands like Redmi a formula that new entrants are now adopting and building their presence on, Manu Jain, Managing Director, Xiaomi India, and Vice President, Xiaomi said here on Wednesday.
Hospitality services provider OYO on Tuesday launched OYO Workspaces, it’s business unit for co-working spaces, which will include Powerstation and Workflo and the recently acquired Innov8.
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