About Author : Saipriya Iyer

Saipriya Iyer

A content developer by choice, Saipriya Iyer holds a rich experience portfolio of more than five years in the content creation domain. Equipped with substantial expertise across the business, technology, and finance domains, Saipriya currently pens down insightful articles for Business NewsUpdate and other portals that combine her knowledge of software technology and electronics.

Contribution by Saipriya Iyer

Facebook to move U.K. users to California unit to avoid EU regulations

In a bid to circumvent the EU (European Union) privacy guidelines, American social networking giant Facebook Inc. is reportedly planning to shift all U.K. users to its California unit. The move will also void British users from their existing relatio...

Bugatti recalls 77 units of 3 models amid software & driveshaft issues

French high-performance luxury automobile manufacturer Bugatti Automobiles S.A.S. has reportedly recalled around 77 units involving Chiron, Chiron Sport and Divo models in the United States. The official recall was issued by the NHTSA (National Highw...

New US lawsuits could see Facebook selling off Instagram and WhatsApp

Silicon Valley giant, Facebook could likely be forced to divest and sell off its prized assets, Instagram and WhatsApp after United States Federal Trade Commission (FTC) as well as nearly all U.S. states filed lawsuits against the company, alleging t...

Stitch Fix shares hike 33% post announcement of revenue growth

Stitch Fix shares have reportedly witnessed a surge of over 33 per cent in the after-hours trading following the company’s announcement of surprise profit and 10 per cent revenue growth, measured from a year ago. In a letter to its shareholder...

Hyundai to set up new EV platform architecture beginning with Ioniq 5

Hyundai Motor Group has reportedly shared plans for unveiling its new E-GMP (Electric-Global Modular Platform) architecture. Commencing with the Hyundai Ioniq 5 crossover vehicle in 2021, the automaker’s first EV platform will go on to underpin...

Salesforce to purchase business communication s/w platform Slack

Cloud-based software major, Salesforce, has reportedly opened talks for the acquisition of American business communication software platform, Slack. A deal with regards to the same could be announced as early as the next week, state sources with know...

HelloFresh US to take over leading provider of fresh meals Factor75

Globally leading provider of meal kits, HelloFresh’s US subsidiary has reportedly signed an agreement for the acquisition of Factor75, Inc., a leading supplier of fresh and fully-prepared meals. The takeover will integrate HelloFresh’s wo...

Western Union buys minority stake in Saudi Digital Payments Company

Global cross-border payments leader, Western Union, has reportedly entered into a definitive agreement for the acquisition of a minority stake in the fast evolving and completely owned subsidiary of Saudi Telecom Company, stc pay or Saudi Digital Pay...

IBM enters definitive agreement for the acquisition of Instana

IBM has reportedly entered into a definitive agreement for the takeover of observability and application performance monitoring company, Instana. The deal will help enterprises in better management of the complexity of modern applications across the ...