Operations
ASML charts major expansion in Netherlands with new facility in Eindhoven
23 Apr 2024
ASML, the world’s largest supplier of computer chip making equipment and the largest technology player in the Netherlands, is planning a major expansion with the opening of a major facility in the Dutch city of Eindhoven, employing around 20,000 people.
Tata Motors to spin off commercial and passenger vehicle businesses
05 Mar 2024
Tata Motors on Monday announced plans to spin off its commercial vehicle and passenger vehicle divisions into separate businesses. This will be done by demerging the two divisions and merging each with related businesses, Tata Motors stated in a stock exchange filing.
APEDA facilitates first sea freight of pomegranates to US
04 Mar 2024
Agricultural Processed Food Products Export Development Authority (APEDA) on Wednesday flagged off the first commercial trial shipment of pomegranates to the US via sea.
China’s COMAC challenges Boeing, Airbus with its C919 passenger aircraft
21 Feb 2024
Commercial Aircraft Corporation of China (COMAC) is actively participating in the ongoing Singapore Airshow 2024, with its C919 passenger aircraft and the smaller ARJ21 regional jets
Akasa Air to start international operations by March-end
20 Feb 2024
Akasa Air, has announced plans to start flight services to overseas destinations by the end of March 2024, to become the first Indian airline to start international services within 19 months of commencing operations.
Adani group building 1 million tpa copper plant at Mundra, Gujarat
06 Feb 2024
Adani Group subsidiary Kutch Copper Ltd is investing $1.2 billion to build a copper smelting and refining facility in Mundra, Gujarat.
Hero unveils two-wheeler-three-wheeler convertible concept
30 Jan 2024
Hero MotoCorp has unveiled the prototype of an electric three wheeler, called Surge S32, which can be converted into an electric two-wheeler scooter in a few minutes.
Akasa Air places order for 150 Boeing 737 MAX Aircraft
19 Jan 2024
Akasa Air, India’s newest airline, has placed orders for 150 fuel-efficient Boeing 737 MAX aircraft, a record for an India carrier with just 17 months of operational life.
Hertz shifts gears: Opts for gas cars over EVs, including Teslas
12 Jan 2024
Hertz Global Holdings, a car rental company, is set to sell about 20,000 electric vehicles. This number even includes cars that have been manufactured by Tesla.
Thrillophilia launches a 'One-Stop' tourism guide for Lakshadweep
11 Jan 2024
In a bid to capture the recently growing interest in Lakshadweep tourism, Rajasthan-based travel platform Thrillophilia has launched a dedicated online platform, TourismLakshadweep.com.
.jpg "Amazon to cut jobs in Prime Video and Studio Operations")
Amazon to cut jobs in Prime Video and Studio Operations
11 Jan 2024
In a significant move, Amazon.com has announced plans to lay off several hundred employees in its streaming and studio operations.
Sony Honda Mobility unveils Afeela EV, drives it with PS5 console
11 Jan 2024
Sony Honda Mobility unveiled the prototype of its Afeela electric vehicle at the Consumer Electronics Show (CES) in Las Vegas on Wednesday, driving the car onto the stage using a Play Station 5 console.
Tata Group unveils plans for two Taj resorts in Lakshadweep, set to open in 2026
09 Jan 2024
In a strategic move, Tata Group’s Indian Hotels Company Limited (IHCL) has announced the development of two Taj-branded resorts in the picturesque Lakshadweep archipelago, poised to open its doors in 2026.
Exxon Mobil struggles with a $2.5 billion California offshore exit
09 Jan 2024
Exxon Mobil is set to write down approximately $2.5 billion related to its troubled California properties, marking a move to cease offshore oil production in the state after five decades.
ONGC starts oil production from deep water KG basin block
09 Jan 2024
State-owned oil and natural gas explorer, Oil and Natural Gas Corporation (ONGC), on Monday (8 January) announced the start of production of "First Oil" from the deep-water block in Krishna Godavari (KG) basin, in the East Coast of India.
Boeing's 737 Max 9 incident raises safety concerns and prompts grounding
08 Jan 2024
An emergency landing of an Alaska Airlines Boeing 737 Max 9 in Portland, Oregon, USA, has prompted the Federal Aviation Administration (FAA) to order inspections, affecting about 171 planes owned by Alaska, United, and other carriers.
EaseMyTrip suspends Maldives flight bookings amid diplomatic tensions
08 Jan 2024
In a bold move showcasing solidarity with India, EaseMyTrip has announced the suspension of all flight bookings to the Maldives.
COSCO halts shipments to Israel amid Red Sea disruptions
08 Jan 2024
In a recent development, Chinese shipping giant COSCO has decided to suspend its crucial shipping services to Israel, according to a report by the Israel financial news website, Globes, on Sunday, 7 January 2024.
IndiGo announces removal of fuel charges amid ATF price drop
04 Jan 2024
IndiGo, one of India’s leading airlines, announced on Thursday, 4 January 2024, that it would eliminate fuel charges on all domestic and international flights.
.jpg "Akasa Air to close a deal for 150 Boeing 737 MAX planes in an effort to expand its fleet")
Akasa Air to close a deal for 150 Boeing 737 MAX planes in an effort to expand its fleet
03 Jan 2024
In a move to capitalize on the surging demand in India’s rapidly growing aviation market, budget carrier Akasa Air is reportedly finalizing an order for approximately 150 Boeing 737 MAX narrow-body planes.
.jpg "Denmark's Maersk considers route options following an attack on a vessel")
Denmark's Maersk considers route options following an attack on a vessel
02 Jan 2024
Denmark’s shipping giant, Maersk, is set to decide on Tuesday, 2 January 2024, regarding the navigation of its vessels through the Suez Canal via the Red Sea.
.jpg "HFCL wins Rs1,127-cr order for upgrading BSNL’s optical fibre network")
HFCL wins Rs1,127-cr order for upgrading BSNL’s optical fibre network
02 Jan 2024
Telecom network solutions provider HFCL Ltd has secured orders worth Rs1,127.27 crore from state-run Bharat Sanchar Nigam Ltd (BSNL) for upgrading its optical fibre network for carrying the telecom operator's traffic on a PAN-India basis.
Tesla sets a new delivery record, falling short of Musk's 2 million target
28 Dec 2023
In what is anticipated to be another historic quarter for electric vehicle (EV) giant Tesla, the company’s deliveries are expected to reach unprecedented levels.
Intel to receive a $3.2 billion grant for a $25 billion chip plant in southern Israel
27 Dec 2023
The Israeli government has approved a $3.2 billion grant for Intel’s ambitious plan to construct a $25 billion chip plant in southern Israel.
Japanese auto giants to invest $4.34 billion in Thailand's electric vehicle transition
26 Dec 2023
In a significant development for Thailand’s automotive landscape, major Japanese auto manufacturers are set to inject a substantial sum of 150 billion baht into the country over the next five years.
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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