Electric Carmaker Tesla offered its Model 3 sedan for the public after being in the making for as many as 3 years at a price of $35,000. The sales of this car will be online-only to reduce the overhead costs and also to increase the demand for its electric vehicle. Speaking on a conference call, […]
Vodafone Group CEO Nick Reads had claimed that Vodafone was the only beneficiary of the telecom regulator’s decisions, responding to this statement Reliance Jio has said that, the statement is false and further criticized the major rival companies of the country Vodafone-Idea and Airtel Bharti for killing the competition long back before it launched the […]
General Electric recently announced that the company is planning to sell its biopharma business to Danaher for $21 billion. Following the announcement, GE share price soared by 15% to $11.77 per unit. The giant industrial company stated that it had reached an agreement to sell its business to the Washington based firm, for a total […]
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 […]
Termed as a temporary fall in investment inflows by a senior commerce and industry ministry official, the Modi government expects FDIs to pick up again soon. “India has opened up almost all sectors for foreign investors,” said the official. The government is also investing in building infrastructure, particularly roads, ports, railways and power plants, to […]
Two of India’s biggest government-owned banks, the State Bank of India (SBI) and Punjab National Bank (PNB) have agreed to infuse Rs 500 crore in emergency funding to jet airways. This will allow the crisis-hit airlines to continue operation until the company’s lenders resolve the Rs 8,000 restructuring. The funding to jet airways has been […]
