The pandemic had hit every country’s economy very badly. Many countries lost their position coupled with the huge economic crisis reported due to the COVID-19. European Union (EU) consist of 27 countries and have a strong position in international trade. At the time of pandemic when the whole world was suffering and was searching for […]
Category Archives: Top Stories
Business, Technology, Top Stories
India Announces Global Hydrogen Mission for Using Hydrogen as An Energy Source
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Feb
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A National Hydrogen Mission has been announced by India to establish a roadmap for the use of hydrogen as an energy source. The plan has the ability to transform the transport system. In order to harness the energy potential of the most abundant element in the universe, hydrogen, India has traditionally made an uncharacteristically early […]
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TATA group is all set to acquire around 68% stake in BigBasket for INR 9,500 crores as it is planning to expand in the fast growing ecommerce in India. TATA is one of the large conglomerates which has been looking to gain majority control in Bengaluru based BigBasket which handles around 1.2 million orders per […]
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On Wednesday, The Union Government launched the scheme for telecom and networking products over five years. The outlay was for INR 12,195 crores for the Production Linked Incentive scheme (PLI) which will be in operation from April 1, 2021. The aim for the scheme is to make India a global hub for manufacturing telecom equipment and the […]
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On Wednesday, the social media platform, Facebook started blocking users from sharing and viewing Australian news. Facebook has done this because of a proposed law in Australia that would want social media and digital giants to pay news publishers for content. The statement of Facebook has come after Treasurer Josh Frydenberg defined it as “very […]
Global deception technology market is projected to exhibit a significant growth, at a CAGR of around 14.8%, during the forecast period. The trend of BYOD is rising across the globe; however, corporates always have the risk of security as the employees access the company’s information and applications on their own device. More than 75% of the […]
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On Tuesday, Adidas, the German apparel company is preparing to divest its struggling brand Reebok. In 2006, Adidas acquired Reebok for approximately $3.8 billion to compete with Nike, but in recent years, Reebok has posted inadequate sales. Adidas said that it has started an official process to separate from Reebok, and the company is turning […]
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One of the Europe’s leading independent oil and gas exploitation and development companies, Cairn Energy PLC filed a case in the US district court against the Indian government to pay its dues. Cairn Energy claims to enforce a dollar 1.2 billion arbitration award, it won in a tax dispute against India. In December 2020, an agreement rewarded the […]
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On Tuesday, Amazon, one of the E-commerce players declared that the company plans to start manufacturing unit of Amazon devices in India. This is considered as a step forward by the company towards commitment to the Government of India in ‘Make in India’ for Atmanirbhar Bharat as it is Amazon’s first manufacturing line in India. […]
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Ngozi Okonjo-Iweala of Nigeria has been appointed as the new head of the World Trade Organization by representatives of the 164 countries which make up the organization. She is the first woman as well as the first African to lead the only global international organization dealing with trade between nations. She will head from March […]