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Bytedance's lip-syncing app TikTok claims $50 bn-plus valuation

Recent reports suggest that TikTok’s current valuation has, in fact, fallen to around 50 billion against its earlier valuation of over $100 billion

PLI scheme set to bolster localistion of mobile phone production

The production linked incentive scheme, notified by the government on 1 April, has attracted 22 smart phone makers, including Samsung and Apple - which together account for 60 per cent of global smartphone sales - besides contract manufacturers like Foxcon Hon Hai, Wistron and Pegatron

UAE starts up operations at its first nuclear power plant

When completed, the $20 billion Barakah Nuclear Energy Plant’s four APR1400 reactors, being built by Korea Electric Power Corporation, will generate 5,600 megawatts of power, supplying up to 25 per cent of the UAE’s electricity needs

India's daily corona count set to hit 1 lakh mark in a week

With the biggest single-day spike of 55,079 corona virus cases reported on Friday, an incremental growth of 5,079 over the previous day’s 50,000 cases and a current tally of 1.6 million corona affected, India looks set to end up as the worst hit among all nations

Amazon to invest $10 bn in Project Kuiper satellite constellation

`Project Kuiper’, a constellation of 3,236 low-earth orbit satellites, will compete with the Starlink network being built by Elon Musk’s SpaceX, which has already launched over 500 satellites of the roughly 12,000 expected for its constellation

Kodak to turn drug maker with $765 m US govt loan

Kodak, which is known more for its cameras and imaging business, will now produce active pharmaceutical ingredients (API) in the country, helping the United States reduce dependency on other countries

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