About Author : Hrishikesh Kadam

Hrishikesh Kadam

A graduate in electronics and telecommunication engineering, Hrishikesh Kadam has always found writing fascinating. Driven by a never-ending passion for content creation combined with a bit of experience in writing personal blogs, Hrishikesh blends his technical knowledge and expertise to pen down articles for Business NewsUpdate and similar news portals.

Contribution by Hrishikesh Kadam

Chinese phone-maker Xiaomi to produce its own electric cars in 2024

Xiaomi Corp., which is one of the world’s largest smartphone manufacturers, is reportedly planning to enter the automobile industry by launching its range of electric cars by 2024. While the company has already tested the waters in the automob...

Spotify planning to expand marketing staff to boost advertising sales

Audio streaming and media services provider Spotify is reportedly planning to hire more advertisement execs in order to increase its ad revenue, which now accounts only for a small portion of the streaming and podcasting company's overall revenue...

Taiwan’s Foxconn Technology announces 3 prototypes for its EV push

Foxconn Technology Group, known for being a major assembler for Apple products, is reportedly venturing into electric vehicle manufacturing to further diversify from its current role of manufacturing consumer electronics for tech giants like Apple In...

NXP Semiconductors chooses Amazon Web Services as its cloud partner

NXP Semiconductors N.V. has reportedly chosen Amazon Web Services (AWS) as its preferred cloud provider. As part of this move, the specialized semiconductor manufacturer is shifting the majority of its EDA (electronic design automation) workloads fro...

Magic Leap raises USD 500 million in funding at USD 2 billion valuation

The company will also launch its second-generation product the Magic Leap 2 in 2022. Magic Leap expects that the new product will help in increasing the adoption of AR solutions across businesses. Augmented reality (AR) firm Magic Leap has anno...

KUBOTA Corporation acquires AgJunction Inc. in all cash deal

AgJunction Inc. has reportedly signed a definitive arrangement agreement to be acquired by KUBOTA Corp, in an all-cash deal on a fully diluted basis and a total equity value of around USD 72.56 million (CAD $91 million). Under the agreement, KUBOTA w...

RLX upgrades Sunflower System to mandate age verification in stores

RLX Technology, a China-based e-vapor company, has recently announced the latest upgrade of Sunflower System, its minor protection system, in an event held in Yanji, China. This minor protection system combining artificial intelligence and big data ...

Twitter to sell MoPub to software maker AppLovin for USD 1 billion

Twitter Inc. recently revealed its plans of selling the in-app monetization business MoPub to AppLovin Corporation, for USD 1.05 billion in cash as the social networking service shifts its attention to advertisements on its app and website. AppLovin...

Licious obtains unicorn status after raising USD 52 million in funding

Bangalore-based startup Licious has reportedly secured USD 52 million in a Series G funding round, making it the first direct-to-consumer startup to secure unicorn status in one of the top online markets. It is worth noting here that Licious had sec...