According to the Non-Manufacturing Report on Business issued on Tuesday by the Institute for Supply Management (ISM), non-manufacturing output had a strong month in February. The index which ISM uses to measure non-manufacturing growth is called the Non-Manufacturing Index (NMI). The NMI grew by 3% to 59.7, after a decline by 1.3% to 56.7 from […]
On Tuesday, Reliance Infrastructure, led by Anil Ambani got the Letter of Award (LoA) from the Airports Authority of India (AAI) mentioning that the company has bagged the contract for construction of a new airport at Rajkot of worth Rs 648 crore. The new airport will be constructed near the National Highway- 8B which will […]
One of the biggest stories over the past few months has been the allegations and lawsuits from the United States regarding Chinese telecom equipment and smartphone manufacturing giant Huawei. Perhaps the biggest allegation against Huawei is that its telecom equipment is compromised and is used for spying on nations by the Chinese government. Additionally, the […]
The mystery over the owner of the $1.5 Billion Mega Jackpot is likely to be over now. On Monday, Lottery officials declared that a South Carolina resident had stepped forward to claim the $1.5 billion Mega Millions jackpot from last October. It is the largest jackpot payout to a single winner in the history of […]
On Saturday, Berkshire Hathaway, the American multinational conglomerate of Warren Buffett has posted that a rare share loss during the fourth quarter of last year, according to the reports made by the company. With the conglomerate’s bottom line taking a hit from its holdings in beleaguered consumer giant Kraft Heinz. Berkshire Hathaway has posted a […]
The clamor for new age cars has swept the automobile manufacturing industry over the past half a decade or so, and it is no surprise that the biggest companies in the industry have poured money into new ventures. In a fresh development, German car manufacturing giants BMW and Daimler have decided to collaborate in a […]
