Author: Cassandra C Carvalho

Activist firm Alta Fox Capital Management penned a letter to Hasbro persuading the toy company to alter its business tactics. The investor hopes for a spin-off of the Wizards of the Coast unit as one of the changes, as reported by The Wall Street Journal. Alta Fox Capital Management holds a 2.5% stake, a valuation of approximately $325 million. The company intends on nominating five directors along with rebranding Hasbro’s “brand blueprint” strategy. The letter addressed to shareholders outlines a proposal that emphasises on increasing profits of its products and entertainment divisions. Spinning off Wizards of the Coast and virtual…

In a move that further heightened the border dispute between China and India, the Ministry of Electronics and Information Technology banned 54 apps citing a ‘threat to national security’. The list includes Beauty Camera: Sweet Selfie HD, Equalizer & Bass Booster, Isoland 2: Ashes of Time Lite, Viva Video Editor, Tencent Xriver, Dual Space Lite and Sea Limited’s Free Fire Illuminate. In June 2020, the Indian government had banned 59 popular Chinese apps such as Tiktok and WeChat as a retaliation to the Galwan Valley skirmish that took the lives of numerous soldiers. In September, the authorities further banned 118…

Reliance hopes to increase production to lower costs to $1.50 per kilogram With the global shortage of fossil fuels coupled with their unhealthy impact on the planet, Reliance Industries Ltd. (RIL) is implementing a transition to green energy. Founded in 2005, Reliance Petroleum constructed a greenfield petroleum refinery and polypropylene plant in Special Economic Zone, Jamnagar. Today, RIL is restructuring these four-billion dollar-worth units to manufacture blue hydrogen at “competitive costs”. The current conversion of petroleum coke into synthesis gas will be replaced by the production of blue hydrogen for $1.2-$1.5 a kilogram. Consequently, once green hydrogen dominates, the syngas…

Musk reveals first company update on the mission in two years A presentation made by space mogul Elon Musk on Thursday indicated that Starship, the rocket developed by SpaceX, is nearly complete. The 2021 Time ‘Person of The Year’ hoped that Starship could launch in a couple of months, as he indirectly appealed to the FAA for their rapid approval. In case the FAA ordered further investigations, the mission would be delayed further, with flight operations being shifted to a new launchpad under construction at Kennedy Space Center, Florida. The technical aspects of the rocket are almost ready, and most…

Samsung will extend its stylus feature to its other smartphone series The South Korean tech firm Samsung unveiled its latest lineup of smartphones and devices on Wednesday. From the launch, it is evident that they’re changing their strategy as they take on their biggest competitor, Apple. They’ve released their premium foldable Galaxy Z series as they hope to gain leverage over iPhones in the smartphone market. The electronic conglomerate has discontinued the Note series, which extended till the Note 20 Ultra, and instead have decided to add the stylus feature to a broader spectrum of Samsung devices. In its recent…

The company will extend its stylus feature to its other smartphone series The South Korean tech firm Samsung unveiled its latest lineup of smartphones and devices on Wednesday. From the launch, it is evident that they’re changing their strategy as they take on their biggest competitor, Apple. They’ve released their premium foldable Galaxy Z series as they hope to gain leverage over iPhones in the smartphone market. The electronic conglomerate has discontinued the Note series, which extended till the Note 20 Ultra, and instead have decided to add the stylus feature to a broader spectrum of Samsung devices. In its…

Deal to foster increased efforts to boost customer protection Tech giant Microsoft is in talks to acquire cyber-intelligence and security service firm Mandiant, according to persons involved with the deal. The sources however, stated that the offer may not result in a concrete deal. Mandiant Inc. stocks increased by more than 18%, with Microsoft’s shares rising by 1.2%. Stating that it aimed to spend $20 billion on cybersecurity in the next five years, it had acquired two smaller cybersecurity companies in 2021, including RiskIQ. In May 2021, Microsoft also collaborated with Darktrace to combat cybersecurity threats. Founded by a former…