The area of operation for this contract agreement is Afghanistan. The Pentagon has disclosed that Leidos Innovation Corp, a unit of Leidos Holding Corp has been awarded a $727.7 million contract to provide support for the Afghan Air Force and… Read More ›
Entrepreneurship
Amazon to slashes prices of groceries from Monday
The price war in the retail groceries market is now set to intensify. With Amazon.com successfully navigating the landmine of antitrust scrutiny for it’s acquisition of Whole Foods Market Inc, the shares of rival groceries have started to tumble on… Read More ›
Apple to receive $207.8 million incentive for its data centers in Waukee, Iowa
Midwestern states have become a magnet for data centers of tech companies in the state. Apple has disclosed that it will build a $1.375 billion data center in Waukee, Iowa and receive $207.8 million in incentives from the Iowa Economic… Read More ›
Tesla Motors ramps up production of Model 3, boosts incentive to its global sales & service to $700,000 if he meets targets
The success of Tesla as a company is now contingent on the success of the Model 3. Electric luxury carmaker Tesla Inc has disclosed that it would pay Jon McNeill, its global sales and service president $700,000 if he met… Read More ›
GE resumes talks with ABB over divesting its non-core industrial assets
The likelihood of a deal taking place is higher at this time since GE has lowered its expected selling price to around $2 billion, from its earlier $3 billion plus. As per sources familiar with the matter at hand, GE… Read More ›
Fintech startup AutoFi Inc raises $10 million in funding round
The company aims to utilise the freshly received funds to expand its footprint in the U.S. and in international markets. AutoFi Inc, a fintech startup that caters exclusively to the auto industry, has raised $10 million in a Series A… Read More ›
France backs Trump’s move on troops deployment in Afghanistan
The development points to the recognition of burgeoning economic opportunities in the region. On Wednesday, France’s foreign ministry issued a statement which backed the commitments made by U.S. President Donald Trump on maintaining a military presence in Afghanistan. “France recognizes… Read More ›
Investors and venture capitalists tapping microflats for boosting growth in real estate
Net yields are pushing property developpers towards microflats as opposed to build-to-rent private apartments. In a development that has taken many in the real estate market by surprise, priced out of London’s traditional housing market, millennials are now opting to… Read More ›
Blackstone Group prepares IPO for Gates Global
The IPO could see Gates being valued at more than $7 billion, including debt. Sources familiar with the matter at hand have disclosed, Blackstone Group LP is exploring an IPO for Gates Global LLC. The development comes three years after… Read More ›
Eyeing Afghanistan’s dormant economic wealth, U.S. changes its Afgh-Pak strategy
This a significant strategic shift by the Trump Administration has potentially serious geo-economic consequences for the region and has the potential to bring about a turnaround in Afghanistan’s economy. With the U.S. Administrations deciding to secure Afghanistan from rogue elements,… Read More ›