Ford Closes Indian Manufacturing Ventures As Its Indian Dream Gets Shattered

Last week. Ford became the latest foreign car maker to leave the Indian market following a disappointing period for it in terms of gaining market share in the country. But the company was apparently full of expectance when it had entered the market and built its first factory in India in the mid-1990s. Indian auto…

Semiconductor Supply Has Tightened Further, Says Daimler Truck Unit Chief

The supply crunch of semiconductor chips for vehicles at Daimler AG’s truck business, the largest in the world, has become acute further in recent weeks, said the division’s chief executive was quoted as saying in a report published in Frankfurter Allgemeine Sonntagszeitung. “Since the summer months the situation has intensified again,” Martin Daum told the…

StanChart Looking To Hire Bankers For Sustainable Finance And Capital Markets Business In Saudi Arabia

New bankers are to hired by Standard Chartered as the lender focuses on sustainable finance, project finance and capital markets in Saudi Arabia which, according to the bank, will turn out to become a “front-runner” for its regional business in coming years. According to a senior executive of the bank, banking services through its branch…

Twitter’s New Feature Allow Self-Labelling Of  ‘Good’ Bot Accounts

Twitter has rolling out announced a new feature that will allow accounts to identify themselves as bots by adding a label on their profile. Twitter stated that the update was based upon research that revealed that its users wanted greater context on non-human accounts. The company also provided several examples of “good robots”, including accounts…

Kroger’s Profit Margin Impacted By Shipping Delays And Discounts

Kroger Co, the US supermarket chain, reported a drop in its main measure of profitability on Friday. It blamed discounts, wastage, and the significant squeeze on global supply chains as being the causes of the drop in profitability. This plunge sent Kroger’s shares plummeting by 6.4 per cent. US retailers spent more this year on…

Ford Motor To Shut Factories In India, Following Similar Decision By GM And Harley  

Ford Motor Company was one of the first carmakers to enter India’s market after liberalization in 1991. And now it is the latest one to leave the market in terms of local production.  According to the American company, it had suffered losses exceeding $ 2 billion over the past 10 years and that approximately 4,000…