Reliance Power on Tuesday said that the Asian Development Bank (ADB) had approved its debt financing and partial risk guarantees totalling $583 million to develop a LNG terminal and a 750-MW power project in Bangladesh. "The ADB's financing package includes loans and partial risk guarantees for the power generation facility, as w...
The adoption of Internet of Things (IoT) platforms will dominate enterprise IT strategies in 2018, along with smart object storage, analytics and Artificial Intelligence (AI), a new report said on Tuesday. According to Hitachi Vantara, a wholly-owned subsidiary of Hitachi Ltd, IoT solutions will deliver valuable insight to support digital trans...
The Los Angeles City Attorney has sued global ride-hailing app Uber, saying that the company broke California law when it failed to disclose a data breach that exposed the license numbers of 600,000 Uber drivers. Mike Feuer filed the lawsuit in Los Angeles County Superior Court on behalf of California residents, Los Angeles Times reported late on ...
Online US retail giant Amazon has officially launched operations in Australia on Tuesday, with the brand looking to make an impact in the lead up to the busy Christmas period. Their 24,000-square-meter warehouse in the outskirts of Melbourne will offer 23 consumer categories ranging from books, electronics, clothing, home improvement, kitchen g...
China is expected to overtake the US to become the world's largest importer within five years, a leading Chinese investment firm said on Monday. In the past ten years, China's annual average import growth was six percentage points higher than the US, Xinhua news agency reported. If that growth gap remains in 2018 and moderates by 0...
Heavy selling pressure in metals and interest sensitive stocks -- banking, auto and capital goods -- subdued the key indices of the domestic equity markets during Tuesday's early morning trade session. At 9.30 a.m., the wider Nifty50 of the National Stock Exchange (NSE) traded lower by 32.60 points or 0.32 per cent at 10,095.15 points. The baromete...
Defence Minister Nirmala Sitharaman on Monday rounded up her two-day visit to the southern districts of Tamil Nadu and Kerala struck by Cyclone Ockhi, saying the rescue operations will continue till the last fisherman stranded in the deep seas, is rescued and brought ashore. Addressing reporters at the airport here, just before boarding ...
Royal Enfield, known for its iconic 350 cc Bullet, is now all set to upgrade to the next level of performance bikes -- Interceptor and Continental GT -- both powered by 650 cc twin engines. And the company wants country's market for high-power motor cycles to grow. In a candid interview with IANS here, Siddhartha Lal, the ...
Representatives of around 45 American companies met Prime Minister Narendra Modi at this year's Global Entrepreneurship Summit (GES) in Hyderabad and expressed their commitment to continue investing in India, a top Indian American business leader has said. These representatives were part of a delegation of the US India Strategic Partnership Foru...
The media and entertainment industry will be able to generate both direct and indirect employment of four million jobs in the next four to five years, according to a report. The finding is part of the CII-BCG Report Media and Entertainment - The Nucleus of India's Creative Economy, to be released at the CII Big Picture Summit 2017 o...
