On Wednesday, Samsung Electronics Co Ltd. unveiled a folding smartphone worth $2000 in an attempt to top the technology offered by its rivals Apple Inc and Chinese tech firms. Samsung hopes to reignite the consumer interest and pull up slumping sales with its latest offering. The Galaxy Fold will take…
Air India Air Transport Service Limited (AIATSL) is the largest ground handling provider in India which functions across 76 airports. Indian Government has invited expression of interest [EOI], for the sale of Air India’s ground handling subsidiary. It has said that the government is going to sell its 100 percent…
Thursday witnessed the largest bank merger since the financial crisis in 2007-2009. Analysts predict more deals like this are likely in the near future. BB&T Corp, a regional lender in the U.S., announced it would buy SunTrust Banks Inc for $28 billion in stock. The banks plan to close the…
Indian telecommunications company Reliance Communications Limited’s shares lost more than 50% of its value in the stock market as the company announced that it was looking for a resolution to its indebtedness through the bankruptcy court. RCOM was one of the biggest and most valuable telecommunication companies in the country,…
The disappointing figures in the fourth quarter earnings have instigated Panasonic Corp to lower its annual profit estimates, and much of it is down to the slowdown in the Chinese economy. The Japanese company has been badly hit due to the trade war between China and the United States as…
The uncertainty about Brexit has taken a big toll on businesses in the United Kingdom and in a fresh development, Japanese carmaker Nissan announced that due to the uncertainty, they have decided against manufacturing the X-Trail model in the UK. It will be manufactured in Japan. Due to the plunging…
The Amazon chief, Jeff Bezos used to hate advertisements. But, recently as per sources, he had changed his mind. That is the reason for the sudden surge of ads of Amazon everywhere. Amazon’s CEO once famously said ads are “the price you pay when your product is unremarkable.” But during…
The cloud has well and truly become an inherent part of IT. Many of the Tech giants are offering cloud services including Microsoft and Amazon. When compared between these two, Microsoft’s cloud offering is growing at a faster rate than Amazon’s. We have seen Amazon dropping cash on companies in…