Crisis in Indian automobile industry
In the last six months, the Indian automobile industry has witnessed a decline in sales, prompting the closure of 245…
The Essar insolvency saga
The National Company Law Appellate Tribunal, in a recent ruling has removed the historical separation between secured and unsecured creditors.…
Caixin Index falls – Worry for global trade
China’s Caixin Purchasing Manager’s Index (PMI) continues to be at 49.4 for the second consecutive month. A reading below 50…
Deutsche Bank faces FBI investigation
The US Federal Authorities will be investigating Deutsche Bank AG for lapses in complying with laws meant to prevent money…
Facebook announces Project Libra
Facebook along with 27 organizations has planned to create a new global currency called Libra, a move that could potentially…
Apple shifts focus to consumer services
Falling hardware sales compels Apple to move towards a concerted fray into the online consumer service market. Apple Inc. is…
Airbus bags mega China order
Xi Jinping’s French visit yields a massive Airbus narrow-body aircraft order amidst the backdrop of Boeing’s safety record, US-China trade…
Boeing lands multibillion deal from BA
British Airways (BA) announced a multibillion-dollar order for up to 42 Boeing 777 fuel-efficient passenger jets on Thursday, just two…
Musk to face another U.S contempt claim
Elon Musk is facing a fresh round of regulatory trouble for tweets about Tesla Inc. The U.S. Securities and Exchange…
BMW and Daimler invest together in New Venture
BMW and Daimler, the parent company of Mercedes-Benz, have unveiled a joint venture which covers new-generation services like driver-less cars,…