India’s Pine Labs eyes $4-5 billion in monthly payments volume from new business

MUMBAI, Aug 5 (Reuters) – India’s Pine Labs is targeting $4 billion to $5 billion in monthly transactions within two years for its new online payments business, its chief executive told Reuters. At that point, online payments should contribute 20% of revenue, Pine Labs chief executive Amrish Rau said, disclosing the company’s targets for the … Read more

As the US eyes new China chip curbs, turmoil looms for the global market

Any US export block may affect global chip supply – analysts Move would hinder Samsung, SK Hynix upgrading China plants Samsung, SK Hynix together supply over 50% of global NAND chips Curbs could change where future chip plants are built -analyst SEOUL, Aug 3 (Reuters) – Export restrictions being considered by Washington to halt China’s … Read more

Volvo Cars July sales drop 21.5%, sees improvement ahead

A staff member stands in front of Volvo XC60 and XC90 SUVs displayed at its booth during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register OSLO, Aug 3 (Reuters) – Volvo Car Group’s (VOLCARb.ST) July sales were … Read more

Apple forecasts faster sales growth, strong iPhone demand despite glum economy

July 28 (Reuters) – Apple Inc (AAPL.O) on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sales growth ahead. The Silicon Valley giant’s shares rose 2.6% after hours following the release of the results. Apple said … Read more

T-Mobile and Apple to sell small-business connectivity plan

Logo of an Apple store is seen as Apple Inc. reports fourth quarter earnings in Washington, US, January 27, 2022. REUTERS/Joshua Roberts/File Photo Register now for FREE unlimited access to Reuters.com Register July 21 (Reuters) – T -Mobile US Inc (TMUS.O) said on Thursday it was working with Apple Inc (AAPL.O) to offer a mobile … Read more

As EVs go mainstream, a rush for share of the home charger market

BEDFORD, England, July 20 (Reuters) – With electric vehicles (EVs) catching on, the scramble for market share among startups selling home chargers is heating up and that will feed further dealmaking in the sector as tens of millions of units are installed globally over the next decade. According to a Reuters analysis, more than 100 … Read more

Shopify partners with YouTube to shore up sales from content creators

July 19 (Reuters) – Shopify Inc on Tuesday announced a partnership with Alphabet Inc’s (GOOGL.O) YouTube to allow merchants to sell through the video platform, as the Canadian company looks to tap into the growing number of content creators launching their own e -commerce stores. The partnership, which builds on an existing one with Google, … Read more

EXCLUSIVE Barclays seeks entry into China’s $4.3 trillion asset management market -sources

The Barclays logo is seen in front of displayed stock graph in this illustration taken June 21, 2017. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register HONG KONG, July 14 (Reuters) – Barclays (BARC.L) is seeking a Chinese banking partner to set up an asset management joint venture in the country, two … Read more

TikTok maker ByteDance takes aim at lifestyle leader Xiaohongshu with a new app

The logo of TikTok’s parent company ByteDance is seen at its booth during an organized media tour to the Zhongguancun National Innovation Demonstration Zone Exhibition Center in Beijing, China, Feb. 10, 2022. REUTERS/Florence Lo Register now for FREE unlimited access to Reuters.com Register BEIJING, July 14 (Reuters) – TikTok’s Chinese owner ByteDance is looking for … Read more

Mahindra aims to lead electric SUV sales in India with new EV unit

An employee walks past a Mahindra TUV300 car at a showroom in Mumbai, India, August 30, 2016. REUTERS / Danish Siddiqui Register now for FREE unlimited access to Reuters.com Register NEW DELHI, July 8 (Reuters) – India’s Mahindra and Mahindra (MAHM.NS) aims to lead sales of electric sport-utility vehicles (SUVs) in the country, its CEO … Read more