American holding company Alphabet Inc, which owns Google, increased net profit by 1.8 times in 2021 compared to the previous year - up to 76.033 billion dollars, the holding company said in a release. Diluted earnings per class A, B and C shares were $112.2 at the end of the reporting period,...

Forbes richest crypto-billionaire Sam Bankman-Fried's cryptocurrency exchange FTX has increased its valuation to $32bn, a valuation it received in a new $400m funding round. FTX has raised almost $2bn in the last six months. FTX Trading, owner and operator of cryptocurrency exchange FTX.com, has...

Vodafone is partnering with Intel Corp. and other silicon manufacturers to develop its own chip architecture for the fledgling OpenRAN network technology, with the goal of weakening incumbent telecoms equipment suppliers' grip.   OpenRAN allows operators to mix and match providers in their...

Samsung Biologics will buy US manufacturer Biogen's stake in the Samsung Bioepis joint venture for $2.3bn. The company is expected to pay the money over two years, but will take ownership after the first $1bn tranche. Samsung Biologics will buy US neurological disorder drug maker Biogen's stake...

The leading electric scooter manufacturer of India by revenue, Ather Energy, is soliciting funding to increase its annual production capacity to one million scooters over the next three years as the company reacts to increasing demand, said reports.   Since its creation in 2013, Ather has...

A new name for the luxury carmaker Mercedes-Benz Group AG would be formally made by its owner Daimler AG on February 1. It was almost a year ago that the truck and bus business unit of Daimler was spun off into a separate company. The CEO of the company is optimistic that this latest move will open...

French LVMH Moet Hennessy - Louis Vuitton's net profit attributable to the group increased 2.6-fold to €12.036 billion in 2021, the company said in a statement. Revenue rose 1.4 times to €64.215 billion. The fashion and leather goods and selective retailing divisions accounted for the largest share...

U.S.-based Visa Inc., one of the world's largest bank card companies, posted a 26 percent increase in net profit to $3.959 billion for the first quarter of fiscal 2021-2022 that ended Dec. 31, the company said in a statement. On a per common share basis, diluted earnings were $1.83 compared to...

Consumers who sought relief from the pandemic used their credit cards to eat and dine out and go out on holidays which helped American Express Co to report quarterly profits that beat estimates of the market as the lender allied fears of any large and significant effect of the latest wave of the...