In a transaction worth more than $30 billion, General Electric is combining its aircraft leasing business with Ireland’s AerCap Holdings, marking a significant move forward, in what has been a six-year plan to reshape the once-global conglomerate. The global pandemic sent shockwaves across the airline industry, and the agreement reached on Wednesday, might have far-reaching […]
Category Archives: Business
Asus introduced its flagship ROG Phone 5 on Wednesday, the most powerful gaming-focused smartphone in the market. The new phone is powered by a Snapdragon 888 processor and a powerful audio system. Asus’ newest gaming smartphone is the fourth ROG Phone version to replace last year’s ROG Phone 3. ROG Phone 5 has the newest […]
Max Healthcare Institute Ltd. announced on Wednesday that it had raised Rs 1,200 crores through a stock offering. The capital was raised through qualified institutional placement by the country’s second-largest private hospital chain. The QIP was launched on March 4, 2021, and it will close on March 9, 2021. The healthcare giant said in a […]
Ford India has launched a new variant of its popular compact SUV EcoSport, offering customers, the choice to pick from two body styles with or without its signature rear-mounted spare wheel. Named EcoSport SE, the new line-up is available in both petrol and diesel variants priced at Rs 10.49 lakh and Rs 10.99 lakh. The […]
Flipkart will cover the vaccination cost for all Flipkart and Myntra employees and three dependents, joining the growing roster of enterprises in the country that are doing so. The company anticipates the next phase of the vaccination drive to cover all citizens. Flipkart said, “While we wait for the Government’s decision on the next phase, […]
The government is considering a proposal to renegotiate foreign aviation rights, including those in the Middle East. The idea is to reduce the so-called sixth freedom rights for foreign carriers – carrying passengers from India to various destinations around the world through airports in their home countries. A passenger flying to New York from Delhi […]
Apple has announced that it will spend $1.2 billion (€1 billion) over the next three years to expand its team in the German city and build the requisite research and development facilities which will be called the “European Silicon Design Centre.” Munich is now Apple’s largest innovation centre in Europe, with about 1,500 engineers from […]
After spending seven months in space, NASA’s Perseverance Rover landed on the red planet and dispatched black-and-white pictures revealing the rocky fields of Jezero Crater, simply north of Mars equator. According to mission scientists, a bunch of equipment often called the SuperCam onboard the Perseverance Rover, collected few samples to look for past life on […]
The Italian Russian Chamber of Commerce announced on Tuesday, that Russia has signed a deal to manufacture its Sputnik V coronavirus vaccine in Italy, marking the first such agreement in the European Union. Adienne Srl, an Italian subsidiary of a Swiss pharmaceutical firm, and Kirill Dmitriev, CEO of the Russian Direct Investment Fund, signed the […]
In early Asian trading, oil rose after the U.S. government data showed another big draw in gasoline stockpiles despite growing demand. After breaking two days of losses on Wednesday, New York futures climbed toward 65 dollars a barrel. In the last two weeks, gasoline inventories have fallen by more than 25 million barrels while an […]