Tag Archives: Firm

China electric car firm Faraday Future says obtains $225 mn in bridge financing

SHANGHAI: Chinese electric vehicledeveloper Faraday Future said on Tuesday that it had obtained up to $225 million in bridge financing from a U.S. merchant bank to allow it to complete the development of its flagship FF91 model. Faraday, which has ambitions to overtake Tesla Inc, said in November that it was exploring strategic options, including debt and equity financing, amid a legal fight with Evergrande ... Read More »

‘Crude prices to hold firm in future as supply tightens’

Crude-oil prices have been rising sharply in international markets as OPEC is committed to rebalancing the crude oil market. The latest update shows that OPEC’s crude-oil production in March further declined to 30.02 million barrels a day, from 30.56 million b/d the previous month. A steep decline in production from Saudi Arabia, Venezuela and Iraq led to rise. Saudi Arabia ... Read More »

Auto firm links sales of used cars and new vehicles

The mobile phone app of Guazi.com, China’s largest used-car dealer, which is now a car trading firm.[Photo provided to China Daily] An auto services firm is riding the internet and technologies such as big data to adopt a new business model that integrates used-car and new-car sales businesses, including features such as financing and after-sales services. On Oct 31, Guazi.com, ... Read More »

Gionee Says Firm on Manufacturing Plans Post Demonetisation

Handset maker Gionee today said it is firm on its plans manufacturing mobile phones in India despite disruptions due to demonetisation. “Yes of course, we are committed to Make in India and planning to set up a manufacturing unit spread across 50 acres in Faridabad at a cost of Rs. 500 crores,” Gionee India CEO and Country Head Arvind Vohra ... Read More »

Google Pixel Was More Popular Than iPhone 7 During Black Friday Sales, Claims Analytics Firm

Users made the most of the big discounts during the Black Friday sale last week – which extended over the weekend till Cyber Monday. Deep discounts on tech products saw users lapping up smartphones and tablets in huge numbers, and the newly released iPhone 7 and Google Pixel saw an increase in sale numbers – or specifically, new device activations. ... Read More »

Chinese Firm Installed Back Door on Thousands of Smartphones; Says It Was a Mistake

  A security firm claims it has found mobile phone firmware on smartphones being sold in the US that transmitted personally identifiable information (PII) to servers in China via a back door. Several such reports have emerged over the years, and conspiracy theories usually point to the Chinese government being the ultimate beneficiary of the data. The software company in ... Read More »

Samsung Electronics CEO Says Firm Must Learn From Crisis

Samsung Electronics Co Ltd Chief Executive Kwon Oh-hyun on Tuesday said the South Korean tech giant must improve, as it reels from the costly withdrawal of its Galaxy Note 7 smartphone. Without referring directly to the failure of the fire-prone Galaxy Note 7s, Kwon said in a statement Samsung employees should look back and ask whether they had been complacent ... Read More »

Intel Buys Movidius, the Machine Vision Firm That Powers Google Tango

  Intel announced Project Euclid, at its Intel Developers Forum last month, based on company’s RealSense perceptual computing platform. With this announcement the company made it clear that it is serious about the concept of computer vision. Now, the company has gone ahead further and announced that it is going to acquire computer vision chipmaker Movidius. Movidius as a chipmaker ... Read More »

Samsung Galaxy Note 7 Recall: Rush to Beat Apple Sees Firm Trip on Quality Control

  In its rush to beat rival products to market, notably Apple’s new iPhone, Samsung Electronics has accelerated new phone launch cycles, but its haste is raising concerns that it fell short on quality testing. Since last year, the South Korean firm, the world’s largest maker of smartphones, has brought forward the launch of its Galaxy S and Galaxy Note ... Read More »

NSE Lists Renewable Energy Firm KKVAgro Powers On SME Segment

Mumbai: Leading stock exchange NSE on Friday listed KKVAgro Powers as the 17th company on its platform for small and medium enterprise. The Tamil Nadu-based company is also the first renewable energy sector company to list on NSE’s SME segment — EMERGE. As per a statement by the exchange, the listing signifies India’s thrust and growing interests in the green ... Read More »