India has extended a USD 100 million Line of Credit to Sri Lanka to help the island nation finance various projects in the solar energy sector and ensure that the country’s 70 per cent power requirements are fulfilled by renewable energy sources by 2030. An agreement signed between the Sri Lankan government and the Export-Import … Read more
MUMBAI: With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to slash headcounts by a massive 3 million by 2022, which will help them save a whopping $100 billion mostly in salaries annually, says a report. The domestic … Read more
Image Source : PTI/ REPRESENTATIONAL. COVID: Global caseload tops 176.5 million. The overall global COVID-19 caseload has topped 176.5 million, while the deaths have surged to more than 3.81 million, according to the Johns Hopkins University. In its latest update on Wednesday morning, the University’s Center for Systems Science and Engineering (CSSE) revealed that … Read more
Image Source : IKEA Ikea fined USD 1.2 million over spying campaign in France A French court ordered home furnishings giant Ikea to pay more than 1 million euros (USD 1.2 million) in fines and damages Tuesday over a campaign to spy on union representatives, employees and some unhappy customers in France. Two former Ikea … Read more
Virat Kohli and Kane Williamson will be face-to-face in the World Test Championship final.© AFP The winner of the upcoming World Test Championship final between India and New Zealand will walk away with a prize money of USD 1.6 million along with the Test Championship Mace, the International Cricket Council said on Monday. … Read more
BENGALURU: The husband of a former Amazon employee has been sentenced to 26 months in prison for insider trading of its stock. Viky Bohra, 37, pleaded guilty in November 2020, admitting that between 2016 and 2018, he used inside information he obtained from his wife, then an employee in Amazon’s finance department, to place trades … Read more
J&J’s Emergent plant was ordered to pause production in April over contamination concerns Johannesburg: South Africa, which is struggling to roll out its inoculation programme as it enters a third wave of the coronavirus pandemic, said Sunday it will pull two million of doses of the Johnson & Johnson vaccine following contamination concerns at one … Read more
Volkswagen AG’s US unit said a data breach at a vendor impacted more than 3.3 million customers and prospective buyers in North America. Nearly all those impacted were current or potential customers of Audi, one of the German automaker’s luxury brands. Volkswagen Group of America said on Friday an unauthorized third party obtained limited personal information … Read more
NEW DELHI: Sugar mills in India have exported 4.25 million tonnes of the sweetener so far in the ongoing 2020-21 marketing year ending September, with maximum shipments to Indonesia, trade body AISTA said on Friday. Mills have contracted to export 5.85 million tonnes of sugar so far, as against the 6 million tonnes quota assigned … Read more
NEW DELHI: US President Joe Biden said that America knows first-hand the tragedy inflicted by the Covid-19 pandemic and stressed on the importance of vaccination, which he is said is the key to reopening. His remarks came after his talks with UK Prime Minister Boris Johnson. Biden is on his first foreign tour since assuming … Read more