Boeing suffered US $ 561 million – or the US $ 537 million for losses due to the uncontrolled coronavirus epidemic continued to hurt demand for new aircraft. The Boeing Company on Wednesday made a comprehensive report expecting first-quarter losses, though revenue came from Wall Street forecasts as the company ...
Read More »Gilead helped India in Remdesivir production; promises 450,000 vials
In addition to providing support to its licensees to expand their local manufacturing capacity, Gilead will also donate at least 450,000 vials of Remdesivir to help meet the immediate needs of Indian patients. American biopharmaceutical company Gilead has announced steps to expand the availability of Remdesivir, a major therapeutic drug ...
Read More »India to be fastest growing FMCG advertising market with 14% growth
FMCG Food and drink brands will increase their advertising spend on digital channels by 7 percent per year to 2023. According to a report by media agency Zenith, Fast-moving Consumer Goods (FMCG) in India will be the fastest-growing market for food and drink brands advertising spend over the next three ...
Read More »Apple will expand business in India
In the past few years, where adversity has limited Apple’s Indian business primarily to its smartphone portfolio, it has now successfully managed to cope with the pressure. Headquartered in Cupertino, in the year 2021, this company has stepped up its bets on India. With sales booming in its second-largest portfolio ...
Read More »Italy’s Leonardo to buy 25% stake in German sensor maker Hensoldt
Reuters: Italian defense group Leonardo said on Saturday it agreed to buy a 25.1% stake in German military sensor maker Hensoldt from buyout firm KKR, for 23 euros per share in cash, or around 606 million euros ($733 million). The deal comes just a month after the Italian state-controlled group ...
Read More »The United States Gives Wings to the Tax Revolution
Washington’s turn, which has proposed a 21% minimum corporate tax worldwide, paves the way for negotiations to change international rules After less than six months at the helm of the most powerful country in the world, Joe Biden has laid the foundations for a global revolution to be waged. The ...
Read More »German utility Enercity, Compleo merge electric car charging units to meet growing demand
(Reuters) – The German city of Hanover’s power utility, Enercity, said on Friday it has sold shares in its vehicle charging firm wallbe to Compleo Charging Solutions for 34.8 million euros ($41.05 million), Compleo will merge wallbe to create an e-mobility charging infrastructure supplier. A number of German utilities have ...
Read More »Apple Inc spending raises $2.8 billion for “Green Bond”
On Wednesday, Apple Inc said it rose the funding for “green bond” to $ 2.8 billion that was the last year funded 17 projects which is expected to generate 1.2 gigawatts of renewable energy. It added that the projects would avoid an average of 921,000 metric tons of carbon emissions ...
Read More »Electric-vehicle startups promise record growth in revenue
The world’s giant IT Company Google took 8 years to reach at USD 10 billion in the sale; it was the fastest U.S. startup. At present SPAC frenzy, a group of electric-vehicle companies is trying to beat this record in next upcoming years. The most ambitious ones include luxury-car manufacturer ...
Read More »Australia’s AGL Energy Ltd acquires NZ’s Tilt Renewable in $2.1 billion
New Zealand’s Tilt Renewables Ltd would be acquired by its second-largest shareholder and AGL Energy Ltd of Australia for NZ $ 2.94 billion ($ 2.10 billion) by a consortium said on Monday, which would send its shares to an all-time high. It was the first major piece of Merger and ...
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