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Category: Business

SpaceX Launches Satellite-Carrying Falcon 9 for Musk’s Starlink Internet Service
Business 

SpaceX Launches Satellite-Carrying Falcon 9 for Musk’s Starlink Internet Service

May 24, 2019 by Aruna Bhayana

Technology tycoon Elon Musk’s SpaceX company released a Falcon 9 rocket from Florida on Thursday to carry the first batch of sixty small satellites into low-earth orbit for his new Starlink internet service. The rocket was launched from Cape Canaveral Air Force…

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UK PM Theresa May resigns over Brexit dispute
Business 

UK PM Theresa May resigns over Brexit dispute

May 24, 2019 by Kartik Pandey

UK Prime Minister Theresa May called it quits on May 24, giving rise to speculations about the new leader who is expected to take the Brexit divorce deal forward. May took over the position at 10 Downing Street in 2016 amidst the…

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China reveals 600 kmph magnetic levitation train prototype
Business 

China reveals 600 kmph magnetic levitation train prototype

May 24, 2019 by Kartik Pandey

A prototype magnetic levitation (maglev) train with a maximum speed of 600 kmph has been unveiled by China, which its manufacturers claim to be competitive against the airline industry. CRRC Qingdao Sifang Co, a wholly owned subsidiary of China, has designed the…

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India Ends Oil Imports from Iran; Complies with U.S. Sanctions
Business 

India Ends Oil Imports from Iran; Complies with U.S. Sanctions

May 23, 2019 by Kartik Pandey

India has stopped all oil imports from Iran, its ambassador in Washington D.C. said on Wednesday, becoming the latest country to comply with the U.S sanctions. India has already slashed its imports from Iran and bought only one million tons of crude…

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After U.S Ban, Japan-Based Panasonic Stops the Release of Huawei Smartphone
Business 

After U.S Ban, Japan-Based Panasonic Stops the Release of Huawei Smartphone

May 23, 2019 by Aruna Bhayana

Japan’s Panasonic said after the U.S. ban on Chinese multinational company, Huawei, over security concerns, that it was suspending business with the company, joining a growing list of organizations taking such steps. The announcement was made a day following the decision by…

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Amazon Developing an Emotion-Sensing Device
Business 

Amazon Developing an Emotion-Sensing Device

May 23, 2019 by Aruna Bhayana

A wearable, voice-activated device that can recognize human emotions is being developed by Amazon.com, Inc. The gadget being marketed as a health and wellness product is being jointly developed by the Alexa voice software team and Lab126, which created the hardware for…

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British Government Delays Brexit Vote
Business 

British Government Delays Brexit Vote

May 23, 2019 by Aruna Bhayana

The crucial Brexit vote was postponed by the British government, which was scheduled for the first week of June. British prime minister, Theresa May, is focusing on guiding her country out of the European Union. May’s failure in gathering the MPs support…

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Coca-Cola Coming Up with New Marketing Strategy; Investing in Neurosciences
Business 

Coca-Cola Coming Up with New Marketing Strategy; Investing in Neurosciences

May 17, 2019 by Kartik Pandey

Coca-Cola is changing its marketing strategy rapidly to maintain its presence on media platforms in unique ways to reach the new-generation consumers with fast-diminishing attention period and rising regionalisation of beverage consumption across the nation. The country’s biggest beverage manufacturer is also…

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China Strongly Criticises US Move to Blacklist Huawei
Business 

China Strongly Criticises US Move to Blacklist Huawei

May 16, 2019 by Kartik Pandey

China has opposed the US government’s move to put telecom giant Huawei on the blacklist and said it will take prominent steps to protect its companies in a further test of relations as the two biggest economies clash over trade. Further, China…

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B-town Actress Deepika Padukone Emerging as an Active Investor
Business 

B-town Actress Deepika Padukone Emerging as an Active Investor

May 14, 2019 by Aruna Bhayana

Top Bollywood actor, Deepika Padukone is quietly emerging as an active investor in startups that are retail consumer focused. Within 18 months of starting KA Enterprises, managed by Padukone’s family, it has invested in startups like beauty products marketplace Purplle and online…

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