Author Archives
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Hyperloop One to have another funding round in early 2017
According to a feasibility study, if Hyperloop One were to connect Stockholm with Helsinki, the trip would take roughly 30 minutes. Using current transport systems you will have to take a ferry overnight through the Baltic. Hyperloop One’s founders have… Read More ›
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Alibaba’s Single’s Day sales whizz pass $5 billion in 1 hour
Analysts expect the event to rack up $20 billion in sales this year, up from $14 billion last year. Chinese e-commerce giant, Alibaba Group Holding Ltd has made the stunning disclosure that it racked up more than $5 billion in… Read More ›
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Labour laws could tilt towards pro-business under Trump
Trump sailed through smoothly even in heavily unionized states such as Michigan, which is home to United Auto Workers (UAW). With the Republicans controlling both houses of the Congress as well as the Presidency, it wouldn’t be surprising if they… Read More ›
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Pfizer weighing options to sell or spin-off its consumer health division
Pfizer, one of the most prolific companies in the M&A market this year, has been toying with this question since some time. Many drugmakers have opted to streamline their varied portfolios so as to manage them better and boost profitability…. Read More ›
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Goldman Sachs considering shifting its base of operations from London to Frankfurt – Sources
Goldman Sachs is carefully weighing its options vis-a-vis Brexit. Once Brexit negotiations begin there could be more clarity on the terms of the divorce which in turn could allow it to take a meaningful decision. As per 3 independent sources,… Read More ›
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Impact of Trump’s proposals on the U.S economy
Trump’s win has a silver lining: If he were to follow through with his economic proposals vis-a-vis trade and immigration, they could fuel inflation and boost wages, something that the Federal Reserve has been struggling with for the last couple… Read More ›
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Tesla to acquire Grohmann Engineering for undisclosed sum
The purchase will boost its automated manufacturing systems. Tesla Motors has disclosed in a blogpost that it is all set to acquire German based Grohmann Engineering, for an undisclosed amount. The acquisition will help it improve its automated manufacturing process…. Read More ›
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Ford to create its 2nd largest technological setup in Chennai, South India
The centre, set to be operational in early 2019, will include labs and test facilities as well as teams working on financial data analytics. Ford Motors Co has disclosed it will be investing $195 million (13 billion rupees) in business… Read More ›
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Britain preparing legislation to trigger Article 50
Since divorcing the EU is likely to significantly dent its business potential, Theresa May has started a whirlwind tour to offset this loss, explore further business opportunities and kickstart the stalling British economy. Sky News has reported that Theresa May’s… Read More ›
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French Tax Authorities gains access to UBS’s files
French Tax authorities can now mine tax data from these files. The Swiss Federal Tax Administration (FTA) has let it be known, it will not appeal against a court’s decision which allows UBS to inspect its files and collect information… Read More ›
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