As it prepares to construct electric vehicles in the border state of Coahuila in 2023, General Motors Co (GM.N) announced on Thursday, that it will invest $1 billion in a manufacturing complex in Mexico, drawing immediate criticism from the United Auto Workers union. GM has announced the construction of a new high-tech paint shop at […]
Category Archives: Business
The largest bank in the country, SBI has decided to set up preliminary hospitals in some of the worst affected countries, that have ICU facilities for COVID-19 patients. The bank has earmarked Rs 30 crore for the development of emergency medical facilities for the treatment of COVID-19 patients with NGOs and Hospital Management. In the […]
Telecom carriers, for example, Reliance Jio, Bharti Airtel and Vodafone Idea have together contributed as much as Rs 9,000 crores in network infrastructure extension during the year, following the infectious Coronavirus pandemic. “Almost Rs 9,000 crores have been spent by telecom specialist organizations in putting telecom sites and laying optic fiber link since recent one […]
LONDON — As coronavirus vaccine campaigns advance, focus is turning to summer holidays and what sort of freedoms we may have this year —if our vaccination status influences this. A recent study from the United Kingdom has illustrated the possibility of conflict between those who have been vaccinated and those who have not, especially where […]
SpaceX has got a $2.9 billion contract from National Aeronautics and Space Administration, for building the spacecraft to help astronauts, reach the moon as early as 2024. NASA was negotiating with Blue Origin which is owned by Jeff Bezos and defense contractor Dynetics Incorporation, but NASA has preferred SpaceX over Dynetics. SpaceX and NASA have […]
The World Health Organization (WHO) announced that it is procuring mobile field hospitals with a capacity of 20-30 beds, which could be set up in the most affected areas to assist India in dealing with the growing burden of covid-19 patients despite a shortage of hospital beds, testing facilities, oxygen, and medicines. According to the […]
McDonald’s’ recovery after sanctions were lifted in the United States, was so high in the first quarter that it exceeded sales from the same time in 2019, well before the pandemic hit the region. McDonald’s sales increased by 9% to $5.1 billion in the first quarter of this year, exceeding expectations. Last year at this […]
Microsoft announced that they have reduced the cut on sales of games to 12 percent, which almost 30 percent before. The new commission will be applied only for the games sold via Microsoft store on Windows 10. As Microsoft wants to compete with Valve’s Steam, this new move is likely to bring in more developers. […]
As the stock market hit new highs, the Life Insurance Corporation of India (LIC) earned a record 37,000 crore profit from share sales in 2020-21, the highest in its 65-year history. The current profit is up 44.4 percent from the fiscal 2020 profit of 25,625 crore from stock sales. During the fiscal year, India’s largest […]
The Competition Commission of India has approved Tatas’ decision to acquire up to 64.3% of BigBasket, providing the diversified company with a robust foothold within the fast-growing online grocery industry. Tata Digital Ltd (TDL) will take over 64.3 % of the entire share capital of Supermarket Grocery Supplies Pvt Ltd (SGS), also because of the […]