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Business

14 flights cancelled as pilots report sick

India’s leading carrier Jet Airways cancelled 14 flights on Sunday after pilots reported “sick”. The carrier is financially strained and has not been making salary payments to its employees since August. It defaulted salaries to its senior management, pilots and engineers. Fourteen flights were cancelled due to some pilots reporting sick, and many were protesting […]

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Business

Microsoft beats Apple as the most valuable company

Microsoft pipped Apple to become the most valuable company, this happened after 15 year interval. The software giant ended Friday with a market value of more than $851bn compared with Apple’s $847bn. The iPhone maker has seen its share price plunge in recent weeks, finally lost its lead. Apple’s shares have fallen almost 25% since […]

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Business

iPhones made in the US

President Donald Trump is considering a new round of tariffs specially for the iPhone’s. The proposed tax could be anywhere between 10% to 35%. Which means that the basic iPhone XS model in the United States could rise by US$350. Apple will eventually pass this additional bill to its consumer, making the iPhone even more […]

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Business

Amazon races ahead Flipkart in India

Amazon overtook Flipkart in India for the FY18. Barclays reported that Amazon’s Gross Merchandise Value (GMV) was US$7.5 billion compared to Flipkarts US$ 6.2 billion, for the calendar year ending 31st March 2018. Flipkarts data is inclusive of Myntra and Jabong. However in terms of revenue Flipkart is still leading Jeff Bezos’s Amazon. Flipkart’s revenue […]

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Business World

US-China Trade War

The United States and China are playing trade games as the world watches. The United States has a trade deficiency of over US$275 billion dollars with China. This instigated the Trump administration to impose fresh tariffs on its imports from China. Till March this year tariffs stood at 4.1% of the total goods against China. […]

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Business

Apple cuts down production of the newer iPhones

The iPhone maker Apple (inc) had cut down manufacturing of all the three iPhone models launched in September. Apple saw lower sales for the newer iPhone models iPhone XS, iPhone XS Max and iPhone XR, so Apple reached out to its 3rd party manufacturers to reduce production of iPhone components. A couple of weeks back […]

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Business

Volkswagen $50 Billion Investment

German automaker giant Volkswagen will spend $50 billion by 2023 on electric vehicles. The company also would improve cooperation with Ford. The VW board voted on expansion plans for electric vehicles and more investment. The focus comes after the diesel cheating scandal in 2015. VW violated and rigged emission levels 40 times above permissible limits […]

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Business Tech

Ashish Chowdhary to Head Apple India

Ashish Chowdhary was appointed India’s new Apple head. Chowdhary served as Nokia’s COO during its peak between 2003-2007. Ashish will look at sales specifically and India operations. The move came after Tim Cook quite recently stated Apple ‘has a long term focus on India’. The move is a positive step towards focusing on India business. […]

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Business

Flipkart CEO Binny Bansal Quits

Flipkart CEO Binny Bansal resigns from Flipkart after reports of ‘serious personal misconduct’, resignation effective immediately. Walmart issued a presser — “His decision follows an independent investigation done on behalf of Flipkart and Walmart into an allegation of serious personal misconduct. He strongly denies the allegation. Nevertheless, we had a responsibility to ensure the investigation […]

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Business Insane

Grandkids On Demand

This company provides grandkids on demand. ‘Papa Pal’ a Florida based company operational only in Florida, USA at present helps seniors with their daily works as well as providing them companionship. The company connects teens with these seniors. This brings about two different generations learning from each other. Their services include help with cleaning the […]