Sections

ideals
Business Essentials for Professionals
Latest News

Tesla ‘Very Close’ To Achieving Complete Self-Driving Ability: Elon Musk

Alstom Agrees To Sell French Factory To Secure EU Regulatory For Bombardier Purchase

Reader's Pick

73 Strings : Meet The People Creating Future Of Financial Advisory 06/16/2020

Incentives For Auto Sector To Boost Exports Planned By India: Reuters Report 06/29/2020

Covid-19 Vaccine Race: GSK Aims To Be The Best And Not The First 06/20/2020

Corporate Conspiracy To Oust Its Former Boss Carlos Ghosn Denied By Nissan 06/29/2020

Prepared For A Turnaround Challenge For Renault, Says Incumbent CEO 06/20/2020

Latest Business News
Tesla ‘Very Close’ To Achieving Complete Self-Driving Ability: Elon Musk

Tesla ‘Very Close’ To Achieving Complete Self-Driving Ability: Elon Musk

Companies

Founder and CEO of United States based electric vehicles maker Tesla has claimed that the company will be able to achieve complete autonomous ability for its vehicles by the end of this year.   He said that the company was already "very close" to achieving the basic requirements of this "level-five" autonomy – which is the highest stage of automation in a vehicle where there is no need for...
Alstom Agrees To Sell French Factory To Secure EU Regulatory For Bombardier Purchase

Alstom Agrees To Sell French Factory To Secure EU Regulatory For Bombardier Purchase

M&A

A French rail factory has been agreed to be sold by France’s TGV high-speed train maker Alstom in addition to making other concessions so that it can get regulatory approval of the planned acquisition of the transportation business of Canada’s Bombardier Inc.   The other commitment made by the French firm also includes selling off of Alstom’s regional train unit Coradia Polyvalent and...
Support For Wirecard Bank Being Evaluated Closely By Deutsche Bank: CEO

Support For Wirecard Bank Being Evaluated Closely By Deutsche Bank: CEO

Companies

Despite announcing last week that it was working closely with the German financial watchdog BaFin and the administrators of the collapsed fin tech giant Wirecard about offering any possible support to the banking wing of the collapsed company Wirecard Bank, Deutsche Bank said this week that it was too early to say how it might help Wirecard Bank. This was commented by Deutsche Bank’s chief...
US Contemplating Banning Chinese Apps Including Tik Tok, Says Mike Pompeo

US Contemplating Banning Chinese Apps Including Tik Tok, Says Mike Pompeo

Companies

The United States is “certainly looking at” banning Chinese social media apps, including TikTok, said the US Secretary of State Mike Pompeo, effectively suggesting that Chinese app had shared personal information of its American users with the Chinese government.   These charges have been denied by the Chinese firm under the scanner.   “I don’t want to get out in front of the...
Tesla Takes A Dig At Its Shortsellers, Offers Red Satin Shorts For Sale

Tesla Takes A Dig At Its Shortsellers, Offers Red Satin Shorts For Sale

Companies

United States electric car maker Tesla Inc did not spare the chance to poke fun at the company’s naysayers and criticizers - with sales of red satin shorts, after the company overtook Toyota Motor Corp to become the most valuable automaker of the world and stunned the market with car deliveries in the latest quarter that beat estimates.   “Limited edition short shorts now available,” Tesla...
Final Part Orders Placed For Boeing’s 747 Jumbo Jets As Company Ends The Program: Reports

Final Part Orders Placed For Boeing’s 747 Jumbo Jets As Company Ends The Program: Reports

Companies

It was about a year ago that both the United States based aircraft making giant Boeing Co as well its suppliers had set the final number of parts that would be needed for the last lot of the 747 jumbo jet program of the plane maker.   This was a very strong signal about the imminent end of the production of the plane that had arguably democratized global air travel in the 1970s. The...
Indian Telco Jio To Get Investment From Intel, Following $5.7 Billion Bet By Facebook

Indian Telco Jio To Get Investment From Intel, Following $5.7 Billion Bet By Facebook

Companies

It was just three months ago that the social media giant Facebook announced its decision to make an investment of $5.7 billion in Indian telco Jio Platforms. This week, United States based chip maker Intel said that it would be making an investment of more than $250 million in Jio Platforms.   The news of the investment from Intel was announced by the billionaire Mukesh Ambani’s Reliance...
Fiat And PSA Reiterate Their Merger Plans After Dividend Cut Reports

Fiat And PSA Reiterate Their Merger Plans After Dividend Cut Reports

Companies

Recent reports that the two ‘soon to be merged’ car makers Fiat Chrysler (FCA) and PSA were planning to spinning off assets to cut a planned 5.5 billion euro ($6.2 billion) cash payout to FCA shareholders were dismissed by the companies and reiterated that the companies were intent on sticking to the time line of merger for which an agreement was signed by them last year.   Recently, there...
Boeing To End Production Of Its Iconic 747 Jumbo Jet: Reports

Boeing To End Production Of Its Iconic 747 Jumbo Jet: Reports

Companies

Manufacturing of its iconic 747 Jumbo Jets would be stopped by United States based aircraft manufacturing giant Boeing after it completes a current order of 16 planes, said reports quoting sources.   Reports said that the company expects to complete the production of the last batch of the 747 Jumbo Jets within the next two years. The model has been in production for more than five...
Second Covid-19 Indian Vaccine Candidate Granted Permission In A Week To Start Human Trials

Second Covid-19 Indian Vaccine Candidate Granted Permission In A Week To Start Human Trials

Companies

A second possible Covid-19 vaccine candidate developed by Indian pharma companies was granted permission by Indian regulators this week to start human trials.   The Indian drug maker Zydus has been granted the approval to begin testing the potential vaccine on humans in clinical settings on Friday even as the number of infections because of the novel coronavirus pandemic continues to rise...
Corporate Conspiracy To Oust Its Former Boss Carlos Ghosn Denied By Nissan

Corporate Conspiracy To Oust Its Former Boss Carlos Ghosn Denied By Nissan

Companies

Allegations of conspiracy within Nissan to oust former Chairman Carlos Ghosn have been squarely rejected by the Japanese auto major.  Following the arrest of Ghosn in Japan in November 2018 on charges of financial misconduct at Nissan, there were allegations of conspiracy being hatched against the former Nissan boss by Nissan executives who were opposed to close ties with Nissan’s...
Incentives For Auto Sector To Boost Exports Planned By India: Reuters Report

Incentives For Auto Sector To Boost Exports Planned By India: Reuters Report

Markets

With the aim of doubling of exports of vehicles and components in the next five years, the Indian government is preparing to provide a host of incentives to the auto industry in the country, says a report published by news agency Reuters based on information from four sources with direct knowledge of the matter. The report quoted sources saying that feedback from auto industry groups on the...

World

Virus Pandemic Forces Japanese Government To Declare Emergency For Tokyo, Osaka

Virus Pandemic Forces Japanese Government To Declare Emergency For Tokyo, Osaka
Japanese Prime Minister Shinzo Abe declared a declared a state of emergency in Tokyo and its surrounding regions over the growing threat of the coronavirus pandemic and warned that capacity...

Study Warns Of Second Waves Of Covid-19 Due To Early Lifting Of Lockdowns

Study Warns Of Second Waves Of Covid-19 Due To Early Lifting Of Lockdowns
According to researchers, a second wave of infection of the coronavirus could be delayed in China by extending the closures of school and work at the ground zero of the pandemic. Researchers also...

Japan's Abe Hints At Postponement Of Coronavirus

Japan's Abe Hints At Postponement Of Coronavirus
It there is a possibility that the Summer Olympic Games in Tokyo could get delayed or get postponed because of the coronavirus pandemic ravaging the world, said the Japanese Prime Minister Shinzo Abe...

Italy Surpasses China In Number Of Coronavirus Deaths

Italy Surpasses China In Number Of Coronavirus Deaths
The number of people who have now died in Italy because of the novel coronavirus outbreak has crossed that of mainland China even as the richest countries of the world announced assistance packages...

The New Coronavirus Outbreak Declared As A Pandemic By The WHO

The New Coronavirus Outbreak Declared As A Pandemic By The WHO
After declaring the fast spreading and deadly coronavirus as a global epidemic last month, the World Health Organization (WHO) has now declared the virus outbreak that causes the disease Covid19 as a...

People

More Than 1,200 Ventilators Donated To California By Tesla CEO Elon Musk

More Than 1,200 Ventilators Donated To California By Tesla CEO Elon Musk
Even though he had initially been skeptical of the coronavirus pandemic, Tesla chief executive office Elon Musk has since helped the authorities in California to acquire much needed medical supplies...

Teenage Climate Activist Greta Thunberg Wants Ot Trademark Her Name

Teenage Climate Activist Greta Thunberg Wants Ot Trademark Her Name
Teenage Swedish climate activist Greta Thunberg is looking to trademark her own name as well as that of her movement as she says that the names are being misused by ‘impostors’ and marketers. This...

Jeff Bezos' Phone Hacking Allegedly By Saudi Hackers Needs To Be Investigated, Says The UN

Jeff Bezos' Phone Hacking Allegedly By Saudi Hackers Needs To Be Investigated, Says The UN
Reports of the alleged use of a WhatsApp account belonging to Saudi Crown Prince Mohammed bin Salman for delivering a malware to the mobile phone of Amazon CEO Jeff Bezos has made experts at the...

Facebook's Zuckerberg Will Focus On Long Term Goals Instead Of Annual Ones

Facebook's Zuckerberg Will Focus On Long Term Goals Instead Of Annual Ones
No more annual targets for Facebook Inc Chief Executive Officer Mark Zuckerberg. The co-founder of the largest social media company of the world said on Thursday that he would no longer focus on the...

Japanese Prosecutors Want To Arrest Ghosn’s Wife To Rein In The Former Nissan Boss

Japanese Prosecutors Want To Arrest Ghosn’s Wife To Rein In The Former Nissan Boss
An arrest warrant on charges of alleged perjury was issued against the wife of Carlos Ghosn by Japanese prosecutors on Tuesday in an effort of the prosecutors to bring back Ghosn into Japan and make...

CSR