Business Essentials for Professionals


Lockheed Martin adopts new technologies to reduce cost and manufacturing time

By standardizing components across its satellites portfolio and by increasing the adoption of 3D printing, Lockheed Martin aims to reduce manufacturing time as well as cost. Lockheed Martin, one of the Pentagon’s top weapons manufacturer is also known for making top notch big military satellites...

Justice Department subpoenas former Goldman Sachs banker in connection with 1MDB investigation

The Justice Department’s kleptocracy asset recovery unit is probing Goldman Sachs’s business relationship with 1MDB. Goldman Sachs had earlier facilitated the sale of U.S. dollar bonds for 1Malaysia Development Bhd. As per Bloomberg, Tim Leissner, a former banker from the Goldman Sachs Group Inc....

Mercedez-Benz employs humans instead of robots in its assembly line

Customised requirements have demanded the increased involvement of skilled human workers in Mercedes-Benz’s assembly lines. Ever heard of an industrialized company reversing its decision on automating its assembly lines and preferring humans instead of robots? In what is an eye opener, Mercedes...

Voice and Touch ID Security Rolled Out by HSBC for Cusotmers

In a big step towards biometric banking in the UK, HSBC is rolling out voice recognition and touch ID services for 15 million customers by the summer.

Walmart Showed the Worst Results in 35 Years

Net income of Wal-Mart - the world's largest retailer - fell by 8%, revenues declined by 1.5% according to a report for the fourth quarter of 2015, published on Thursday. The company's revenue for the whole of last year fell by 0.7%. This is the retailer’s worst result over the past 35 years. The main reasons for such a poor performance - the growth of the dollar, what caused a decline in revenues of the company’s international division, as well as increasing competition from online retailers.

Tata Power’s Agricultural Initiative Increases Yields For Indian Farmers

Working at ground level, Tata Power motivates and helps farmers to learn new farming technologies besides retaining their traditional methods.
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