Page 27 - Video Gallery

Tencent surpasses Facebook in market value

New Delhi, Nov 22 (ANI): There's a new player in the world's most valuable business club and for the first time ever it's from Asia. China's number one social network and gaming platform Tencent officially blew past Facebook's market value on Tuesday, a day after it became the one-and-only Chinese company worth more than 500 billion dollars. With this, it joined the elite ranks of Apple, Alphabet, Microsoft and Amazon. Revenues from smartphone games like Honor of Kings, which has more players than the population of Germany, are bringing in enormous amounts of money for Tencent. It also controls China's messaging super app WeChat - which is used by nearly a billion people and operates the Chinese equivalent of YouTube.

Mahindra opens Detroit's first car manufacturing facility in 25 years

New Delhi, Nov 22 (ANI): Automobile giant Mahindra opened its new manufacturing plant with an investment of $230 million in the world's car capital Detroit, which got its first automotive production facility in 25 years. The new plant will create 250 new jobs in the U.S., the world's top automotive market. Designed and engineered by Mahindra Automotive North America (MANA), the vehicle promises to be unlike anything currently on the market. An off-road vehicle is one which is capable of driving on and off paved or gravel surface. Mahindra has in total 30 facilities having invested about $1 billion in the U.S. and providing employment to some 30,000 people is a major contribution of Mahindra in American economy and strengthening India-U.S. relationship. Mahindra was recently named as one of five vehicle manufacturers selected by the United State Postal Service (USPS) to produce prototype delivery trucks for testing and evaluation.

Egg prices hike 40% in a month

New Delhi/ Mumbai, Nov 21 (ANI): Egg prices in the country breaked all the records by raising 40% in a jump, while the prices of broiler chicken eased 25% during the same time. In Delhi, the wholesale egg prices went up from Rs 375 to Rs 525 (for 100 pieces) during the same period, data aggregated by online agency Poultry Bazaar said. The retail price of eggs in several states was over Rs 6 a piece.

Automaker Mahindra to sell electric vehicles in U.S.

New Delhi, Nov 21 (ANI): Mahindra, one of India's oldest vehicle manufacturers, is testing autonomous tractors, trucks and cars, while moving closer to bringing electric vehicles to the United States. Mahindra and Mahindra bought SsangYong in 2011 and Pininfarina in 2015. The Indian parent is collaborating with both companies on the development of electric vehicles, including premium models for Pininfarina that likely would compete with Tesla Inc. Ssangyong and Pininfarina electric vehicles might be sold in both the United States and China. Mahindra and Mahindra bought Reva Electric Car Company, a small Bangalore-based manufacturer, in 2010 and transformed it into Mahindra Electric Mobility Ltd, which designs and builds compact electric vehicles for the Indian market

Ericsson partners Airtel for deploying 5G technology

New Delhi, Nov 18 (ANI): Communications technology and services provider Ericsson partnered with India's largest telecom operator Bharti Airtel for deploying 5G technology in the country. As part of the partnership, Ericsson will work with Airtel on creating a strategic roadmap for evolution of the network to the next-gen 5G technology. The Swedish telecom gears maker is already a vendor to Airtel in areas such as managed services and 4G. Apart from Ericsson, Airtel has similar partnership with Nokia for 5G technology standard and management of connected devices.

Nissan cites staff shortage for improper tests, plans more inspectors

New Delhi, Nov 17 (ANI): Nissan Motor Co. Ltd. on Friday blamed a lack of 'trained staff'for improper final inspections at its car plants in Japan for over 20 years, and said it would increase the number of inspectors as part of a plan to improve compliance. Last month, Nissan recalled 1.2 million vehicles, including all passenger cars produced for sale in Japan over the past three years, after discovering that uncertified inspectors were for decades signing off on vehicle checks required by the transport ministry for cars sold in the country. The company did not give proper consideration to inspections when cutting staff, it said in a report outlining the findings as well as countermeasures that it submitted to the government. Domestic rival, Subaru Corp, has also been hit by compliance issues after it also admitted that it had not been following proper inspection issues going back around 30 years.

Emirates orders 40 Boeing jets

Dubai, Nov 14 (ANI): Emirates has unveiled a preliminary order worth $15 billion for 40 Boeing jets. It wasn't the only blow for Boeing's rival Airbus ahead of a key air show in Dubai. Deliveries will start in 2022 and Emirates is yet to decide between engines offered by General Electric and Rolls-Royce. Dubai wants a guarantee that Airbus will keep production of the aircraft open for at least 10 years.

Softbank to invest in Uber

London/Tokyo/Brasilia/New Delhi, Nov 14 (ANI): Japanese tech giant, Softbank, says it's mulling a multibillion dollar deal to invest in ridesharing app Uber. Japanese telecoms giant Softbank says it's weighing up a billion dollar investment in the company on top of a move to buy 17 percent of its shares. Uber is open to the move after terms were used to make peace between two key board members, co-founder and former CEO Travis Kalanick and a top shareholder that pushed to get him removed earlier this year, Benchmark Capital. A successful deal would offer something of a reset for new CEO Dara Khosrowshahi forcing Benchmark to drop a lawsuit against Kalanick while the powerful ex-boss would have to loosen his grip on the board room.

Vodafone, Idea to sell tower business to ATC Telecom Infrastructure

New Delhi, Nov 13 (ANI): Vodafone India and Idea Cellular will sell their standalone tower businesses to ATC Telecom Infrastructure. Idea Cellular board has approved the sale of its subsidiary Idea Cellular Infrastructure Services Limited (ICISL) for an enterprise value of Rs 4,000 crore. Vodafone has also agreed to sell its tower business in India to ATC Telecom for an enterprise value of Rs 3,850 crore. The Indian subsidiary of American Tower Corp. will gain approximately 20,000 towers. The deal is scheduled to be completed by the first half of 2018, subject to regulatory approvals.

SpiceJet reports Rs 105 crore profit in Q2

New Delhi, Nov 13 (ANI): India's third largest domestic Airline Carrier, SpiceJet reported a profit of Rs 105.3 crore for the quarter ended September 30, 2017, up 79 per cent from Rs 58.9 crore in the same quarter last fiscal. With this profit, the airline continues its 11th successive profitable quarter. SpiceJet has confirmed its latest order of 50 Bombardier Q400 planes that was announced in the Paris Airshow. "This has been yet another great quarter for us and I am very pleased with the exceptional performance of my team" said Mr. Ajay Singh, CMD, SpiceJet.

Modi's biggest GST bonanza: What will cost less

In its biggest revamp of the GST structure, the Goods and Services Tax (GST) Council on Friday slashed the tax rates for 178 items from 28 per cent to 18 per cent. From chewing gum to shampoos, most of these items are those of common use. Here is a list of the products that have got cheaper

Uber loses UK workers rights appeal

London (England), Nov 11 (ANI): A British tribunal upheld the decision for providing workers right to the drivers of one of the largest taxi service of the world, Uber. The rights include minimum wage and paid vacation time. Uber lost the appeal against the regulators decision of not entitling Uber drivers with workers rights. Uber demands that the drivers should be considered as independent contractors similar to the traditional British black cab drivers seen in the London. This defeat could be a fatal blow for the cab service as those benefits would cut severely into their profit margins. Britain is Uber's most important market. According to the estimates, London alone constitutes half of the net sales for Uber in the entire continent. Uber is likely to challenge the verdict in the upper body and the matter could go to the Supreme Court.

Surat textile industry still suffers impact of demonitisation

Surat (Gujarat), Nov 07 (ANI): After almost one year of its implementation, demonatisation still seem to have shaken various industries across the nation, including the famous textile industry in Surat. Textile merchants and businessman are still struggling to come out of the negative impact that Note Ban by PM Modi-led government had on it. The traders also said that while the textile industry was trying to stabilise, GST brought bigger worries for them.

One year on, lock industry trembles due to demonetisation

Aligarh (U.P.), Nov 07 (ANI): Aligarh's lock industry is still facing shortage of demand even after one year of demonatisation. The manufacturers claim they faced heavy unemployment post the ban on old currency notes. The lock manufacturers also said that GST brought another wave of shock in the already trembling industry.

Brass industry goes from bloom to gloom one year after demonatisation

Moradabad (Uttar Pradesh), Nov 07 (ANI): Moradabad's famous brass industry is still struggling to release from the clutches of demonatisation. The brass industry, which earlier saw bloom in full swing, is now facing a phase of gloom one year after the ban on notes. If demonatisation was not enough of a shock for the manufacturers, GST brought more trouble for the industry.

Amazon discounts to compete with Walmart

New Delhi, Nov 07 (ANI): Amazon is cutting prices of products from third-party sellers on its website. It's part of a plan to better compete with low-priced rivals, like Walmart, during the holiday season. Amazon says it sells products at lower prices while still giving full price to the sellers. But some merchants have criticised the company in the past for discounting. They say it's devaluing their products.

One year of demonetisation: Traders still blame it for their losses

Kanpur/Varanasi (U.P.), Nov 07 (ANI): While the Centre-led demonetisation completes a year on November 8, traders in parts of Uttar Pradesh still blame the step for their losses. A Kanpur-based trader said that the sales had hit rock bottom after labourers returned back to their native places. "Many mills, which employed 10 to 50 labourers earlier, are now managing with two workers", he said. Announced on November 08 last year, the move to scrap rupee 1,000 and 500 notes was taken to bring down the menace of black money.

Want to start your own business? Here are 4 smart ways to manage your expenses

New Delhi, Nov 04 (ANI): It takes an immense amount of hard work, patience and strong financial support to start your own business, and turn it into an asset. Many businesses fail in the early stages due to lack of planning and inability to manage expenses. Here are four smart ways to manage expenses when starting your own business from scratch-Look for smart office space solutions-Leasing an office space is one of the biggest investments in any business. Early-age startups do not require a large office space. Moreover, the concept of virtual office provided by business centres is also gaining momentum these days. It allows a person to use a rented office space as per their requirement without physically being present there-Cost sharing- One does not need to own everything when starting a business. The cost of small basic amenities like printer, kitchen supplies, mail services, and telephones adds up to a big amount that one has to pay every month. Sharing the amenities with other star

Apple stock hits record

New Delhi, Nov 04 (ANI): Apple stock hit a record high as customers lined up outside Apple stores across the world to get their hands on the new iPhone X. The glass-and-stainless-steel iPhone X features an edge-to-edge display and an innovative camera that uses facial recognition to unlock and operate the phone. Last week, users trying to order the iPhone X on Apple's website were told the wait was up to six weeks. Now it's down to three to four weeks. The rush of interest in the new phone came after Apple issued an upbeat sales forecast for the year-end holiday shopping season.

ICICI Bank to launch voice-based international remittance service for NRIs

New Delhi, Nov 03 (ANI): ICICI Bank with Apple, on Thursday announced the launch of India's first voice-based international remittance service to enable non-resident Indians (NRIs) to send money to any bank in India. With this new feature in the ICICI Bank's Money2India app, an NRI customer can instantly initiate a remittance to his/her existing payees in India with just a simple voice command to Apple's virtual voice assistant, Siri, on their iPhone/iPad. A first-of-its-kind cross-border remittance service by a bank in the country, aims to improve customer convenience significantly as it replaces a five-step process, which was earlier required to initiate a remittance to India earlier. To get the benefit of this unique offering, the customer needs to simply speak out the 'nickname' of the registered payee in the Money2India (M2I) app to whom he/she wants to send money.