The United States based electric car making global leader Tesla Inc will be setting up an electric car manufacturing facility in the southern Indian state of Karnataka, claimed multiple reports quoting information gathered from a government document which the reports claimed to have seen. “The US firm Tesla will be opening an electric car manufacturing…
The vaccine candidate against Covid-19 that is being developed jointly by the French drug maker Sanofi and Translate Bio of the United States “will not be ready this year”, announced the French firm’s chief executive in an interview to Le Journal du Dimanche newspaper. The company executive said that it is likely that the company…
Manufacturing for the Learjet, once regarded as aircraft that was very popular as a luxury private jet for the super-rich, will be discontinued after the last of the planes is built in 2021, said the manufacturer of plane Bombardier With the wealthy customers – getting wealthier, starting to demand even larger and more comfortable private…
With shoppers of beauty products flocking to shop from online sources during the coronavirus pandemic, the biggest cosmetics group of the world L’Oreal reported better than expected growth in revenues for the fourth quarter of the last year. The closure of airport duty-free shops and high street stores during the Covid-19 pandemic and the shift…
New labels to clearly identify more state-affiliated accounts, including the personal accounts of world’s leaders’ would be started by the social media platform Twitter from next week, the company said. The aim of this move is to provide greater clarity and context to users when they engage in any geopolitical conversation on the micro blogging…
Additional time is being sought by semiconductor companies to appeal against the last minute movers by the last-minute Trump administration of the United States to block sales to Chinese telecoms company Huawei. According to reports quoting sources, the companies are hopeful of a reversal of policy even though analysts see it unlikely that the new…
Even though the Covid-19 vaccine development by AstraZeneca may not be the perfect one but it will have a big impact on the pandemic, predicted the company’s chief executiveas the company assured of taking up measures to double supplies of its vaccine to more than 200 million a month by the month of April. The…
After reporting a record loss for the year 2020 with very few deliveries, the United States based aircraft maker Bowing started off the current year in a positive tome with it delivering 26 aircraft in January. This was driven by the clearance given to its 737 MAX jet to fly again by regulators in the…
The growth of the number of users during the pandemic will slowing down in the upcoming quarters, warned the social media company Twitter Inc as the company reported a 27 per cent growth in the number of users which missed estimates of Wall Street. The estimates of the market for its quarterly sales and profit…
Rolls Royce is planning a closure of its jet engine making factories for civil aircraft for a period of two weeks in order to reduce losses. With lesser number of jets in the air because of the Cvoid-19 pandemic also meant less service and consequently a drop in sale revenues for the engineering giant. According…
