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Business

Apple’s self-driving venture lays off 200 employees

Apple is reshuffling its self driving vehicle program by laying off over 200 employees from its ‘Project Titan’. The company is focused more on the software bit in its autonomous vehicle initiative. Apple has been testing close to 60 odd cars in its program in the San Francisco Bay area. It hopes to run self […]

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Business World

Cooling Chinese Economy Cuts Profits For American Companies

The Chinese economy cooled to its slowest in 28 years in 2018 after weak domestic demand and US tariff sanctions. It raises concerns for the world economy and manufactures like Apple and other big car makers. The people in China are worried about their declining economy, the risks of job loss looms around and a […]

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Business

India’s debt increased by 50% in Modi’s five year governance

The Modi Government increased the liabilities of the government by 49% in the last 5 years. As per the 8th edition of the status paper of the government debt, the debt stands at INR₹ 82 lakh crore. When the Modi Government assumed office in 2014, the debt stood at INR₹ 54.9 lakh crore. The surge […]

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Business

Tesla in India by close of 2019?

One of the world’s most innovative car makers Tesla motors will be coming to India before the end of 2019. The company’s CEO Elon Musk tweeted about expansion plans in September 2018 after the company posted profits. Elon tweeted, “Hopefully, partial presence in India, Africa & South America end of next year, with broader expansion […]

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Business

McDonald’s lose “Mac” trademark

The fast food chain in Ireland, Supermacs won a court battle to force burger giant McDonald’s to relinquish its “big mac” trademark in Europe. The judgement from the European Union Intellectual Property Office (EUIPO) found that McDonald’s had not proven genuine use of the contested trademark as a burger or a restaurant name. The judgement […]

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Business

Amazon boss announced split with wife – shares plummet

Amazon boss Jeff Bezos has announced his split with his wife MacKenzie after 25 years of marriage. Jeff informed the world on social media about their decision. The couple are parents to 4 children, 3 boys and 1 girl they adopted from China. The Amazon boss, Mr. Bezos is the world’s wealthiest man currently, his […]

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Business

Apple CEO Takes Home Record Bonus

Apple Inc. CEO Tim Cook received a record payout of US$ 136 million for the fiscal year ending September 29th 2018. Cook took home US$ 12 million as bonus, apart from US$ 3 million salary. He got a whopping US$ 121 million as reward for his 10 year stock. This takes his total earnings for […]

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Business

Rivals Team Up To Fight Government’s E-Commerce Rules

Amazon.com Inc. and Walmart Inc. have come together in India to lobby against the regulations on the ecommerce industry. The bitter rivals feel threatened, and have said that the government’s move dampens their expansion plans. The E-tailers are asking for an extension of the 1st February deadline on implementing new rules. The tightened regulations threaten […]

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Business

Ericsson goes to SC wants Anil Ambani “detained”

Ericsson India Pvt Ltd moved the Supreme Court of India seeking contempt proceedings against Chairman of Reliance Communication Ltd (RCom) Anil Dhirubhai Ambani for not complying with its order to clear dues of ₹550 crore. This is the second time that Ericsson India approached the Supreme Court. Apart from contempt proceeding Ericsson also wants Ambani to […]

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Business

Tim Cook’s Memo On Slow iPhone Sales

Steve Jobs ‘Apple Inc’ is facing its worst times in two decades. Apple the first company to reach a trillion dollar evaluation is feeling the heat after the iPhone sales slowered in China. The fall of the iPhone steepened with the arrest of Huawei CEO’s in Canada. The Chinese people have reignited national sentiments, and […]

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Business

Billion Dollar Fight – Raymond Group

India’s most popular clothing brand Raymond Group, Vijaypat Singhania gifted his billion dollar textile empire to his son Gautam Singhania three years ago. Now the father,  Mr. Vijaypat regrets his decision. Mr. Vijaypat accused his son Gautam of cheating him out of a exclusive apartment and kicking him out off his office premises. The 80 year old Vijaypat transformed a […]

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Business

Government Tightens Ecommerce Norms

The Government of India tightened the norms for online ecommerce companies. The policy affects companies such as flipkart and amazon, who have foreign investments. The policy issued by the commerce and industry ministry  bans selling products of companies where they hold stakes and banned exclusive marketing arrangements that could influence product price. The policy makes sure that […]