Apple turns the tide in India with iPhone 11, iPhone SE : Bulletin: Business Today
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Apple turns the tide in India with iPhone 11, iPhone SE

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Shailendra Shukla | October 31, 2020

Biocon among top 5 biotech employers; overtakes Moderna, Novo Nordisk

Biocon has been named one of the world's leading employers in the biopharmaceutical sector. US-based Science magazine's list of 'Science Careers Top 20 Employers' list has named Kiran Mazumdar Shaw-helmed Biocon at number 5. Biocon debuted on the list in 2012 and has been inching towards the top since then. It moved to the 7th rank in 2018 and to 6th in 2019.

Ed-tech startup Udemy in talks to raise $100 million in private funding

Online learning platform Udemy is in advanced talks to raise around $100 million in a new private funding round that will value the online learning platform at over $3 billion, according to people familiar with the matter. San Francisco-based Udemy has seen a boost in subscriptions this year as more people have stayed at home and opted for online learning due to the COVID-19 pandemic. The fresh capital would follow the $50 million Udemy raised in a Series E round from Japanese publisher Benesse Holdings at a valuation of $2 billion in February.

Amazon writes to Sebi over Future-Reliance Retail deal

American e-commerce giant Amazon has written to India's market regulator Securities and Exchange Board of India (SEBI) and stock exchanges to consider the interim judgement of the Singapore International Arbitration Centre (SIAC) while reviewing the proposed deal between Reliance Industries and Future group. The Seattle-based retail giant has shared a copy of the interim judgement with Sebi, BSE and NSE. The proposed Future Group-RIL transaction is subject to approvals from various regulatory authorities, including Sebi and the Competition Commission of India (CCI).

Slovakian company tests 'AirCar' that can transform from car to plane in 3 mins

A Slovakian company recently tested what they call an AirCar. Klein Vision, a research and development company, has been working to develop a flying car for 30 years now. The developers say that the car is suitable for self-driven journeys or as a commercial taxi service. The car is capable of transforming itself into an airplane in just three minutes. The AirCar is powered by a BMW 1.6l engine. It has a car-plane that has an effective power output of 140HP, with an estimated travel range of 1,000 km and flight consumption of 18 l/h.

No urgent need for GST rate cut on passenger vehicles; demand looks good right now: Maruti Suzuki

Maruti Suzuki India, the country's largest car maker, on Thursday said there is no immediate need for GST rate cut on passenger vehicles with demand looking good for the next few months. The auto major, with around 50 per cent of market share in the domestic passenger vehicle segment, said the government can look at the GST relief if demand tapered off in the future.

Apple turns the tide in India with iPhone 11, iPhone SE; sees record quarterly sales

With the special mention of India contributing to Apple's record September quarter revenue, Apple CEO Tim Cook said that the record achieved in the country was due to the strong reception of their online store. Apple posted a record quarter revenue of $64.7 billion, with international sales accounting for 59 per cent of the quarter's revenue. According to the new Canalys data, Apple registered a double-digit growth to nearly 800K units in the region during Q3.

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