Billions were spent by the US based global retailing giant Walmart to set foot in the Indian retailing market with acquisition of the largest Indian retailer Flipkart earlier this year which pit it directly against largest e-retailer in the world… Read More ›
More than 26,000 employees at the loss making US bank Wells Fargo could be impacted by a restructuring plan that is being deliberated by it according to reports. The major focus of the re\structuring effort is implementing a steep cut… Read More ›
Yet another high profile executive leaves Tesla Inc…Perhaps few can withstand the pressures at the high profile company as it pushes to bring luxurious clean energy powered mass market EVs to the market. Pioneers never had it easy. Liam O’Connor,… Read More ›
With GE’s confirmation, analysts’ earlier report on the issue remains has been verified. 51 such turbines have been shipped. General Electric Co has confirmed that it has discovered an issue with a turbine blade at an electrical power plant in… Read More ›
According to a new analysis on global warming and climate change, for the global auto sector to play a vital role on the issue of global warming and keeping the rise in global temperature at the Paris agreement’s 1.5C goal,… Read More ›
The think tank – Organization for Economic Co-operation and Development (OECD) believes that expansion of global growth “may have peaked”. The think tank predicted that the global economy would achieve a growth rate of 3.7 per cent in both 2018… Read More ›
According to Aston’s Martin’s CEO, Andy Palmer, investor interest in the IPO is high. The IPO will mark the 1st time a British carmaker has tapped the primary market in decades. On Thursday, British luxury carmaker Aston Martin stated, it… Read More ›
The development will further weaken foreign investment in Iran. Bloomberg has reported, citing a U.S. official familiar with the matter at hand saying, Volkswagen AG will put an end to the bulk of its operations in Iran. The Trump administration… Read More ›
A potential rival of American electric car maker Tesla will see an investment of about $1 billion from Saudi Arabia. The company called Lucid is developing a new high-performance electric car. The company announced that the investment that it would… Read More ›
Australian airline Qantas wants to start a 20-hour flight between London and Sydney and will be placing orders for planes that would be capable of that sometime next year. The company was in advanced stages of negotiations with the plane… Read More ›
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