About Author : Pankaj Singh

Pankaj Singh

With a commendable experience of content creation under his belt, Pankaj Singh, a qualified Post Graduate in Management, boasts of having worked as a freelance writer and an insurance underwriter. Additionally, Pankaj has also enriched his qualification portfolio with a course in Digital Marketing. He currently pens down valuable insights on articles pertaining to business, technology, and trade and finance for Business NewsUpdate and other news portals.

Contribution by Pankaj Singh

Coinbase announces extension of hiring freeze; revokes some offers

Coinbase has reportedly announced that it will continue its pause on hiring new personnel and rescind some accepted offers from candidates who are yet to join. Two weeks ago, Coinbase, the third-largest crypto exchange platform, slowed down its hi...

CCI to investigate deals between e-commerce giants & online vendors

Amazon and Flipkart, two of India’s largest e-commerce companies, have once again come under the investigation of the Competition Commission of India (CCI). The Indian competition watchdog has initiated a probe over documents that sug...

Toyota to become the largest automaker for the third consecutive year

Japan’s Toyota Motor Co. has reportedly sold more than 1 million vehicles in comparison to Germany’s Volkswagen AG and is all set to bear the crown of the world’s largest automaker for the third straight year. While both the comp...

Amazon to launch new robotics software development center in India

The new center will be in Bengaluru and will support the Amazon International Robotics division. Amazon introduced its first consumer robot called Astro back in 2021. E-commerce behemoth Amazon is reportedly planning to launch a new consum...

Samsung might cut smartphone production by 30 million units in 2022

South Korean behemoth Samsung Electronics Co. Ltd. is reportedly looking to reduce its smartphone production by 30 million units in 2022. The apparent cut is expected to impact both medium-budget and premium-budget segments in smartphones on account ...

Newsletter platform Substack abandons plans to raise Series C round

Five-year-old newsletter platform Substack has reportedly ditched its efforts to secure a Series C round. Credible sources revealed that Substack held talks with potential financiers about securing USD 75 million-USD 100 million at a valuation of USD...

Tesla shares drop yet again as investor fears of slow production grow

Tesla Inc.'s shares dropped again as the electric vehicle maker is struggling to restore normalcy at its production unit in China.  When it comes to increasing production and delivery capacity around the world, Tesla has found the going t...

Toyota drops global production plan to 100,000 units amid chip crises

Toyota Motor Corporation is reportedly considering reducing its global production target to about 100,000 units from 850,000 vehicles announced earlier in June due to the semiconductor shortage. However, it remains confident that it can achieve its t...

Starbucks becomes the latest Western major to leave the Russian market

Starbucks Corporation is reportedly planning to stop its operations in Russia after nearly 15 years of having conducted business in the country. The company noted that it will exit the market as it joins McDonald's Corporation in withdrawing its ...