$120 Billion Aerospace & Defence Giant To Be Created By Merger Of United Technologies And Raytheon

The largest ever merge in the aerospace industry worth $121 billion could be created by the merger of the aerospace business of United Technologies Corp after it agreed to merge that business unit with that of US contractor Raytheon Co. The competitive landscape of the aerospace industry would be altered if the deal goes through…

Staff Of Some Tech Firms Asked No To Engage With Counterparts From Huawei: Reuters

In the wake of the recent blacklisting of the Chinese tech company Huawei Technologies Co Ltd by the United States, employees of some of the biggest tech companies of the world have been asked by their respective companies not to discuss anything about technology and technical standards employees from Huawei, claimed a report published by…

Thomas Cook In Negotiations With Chinese Firm For Divesting Of Its Tour Operator Unit

The global travel company Thomas Cook that is undergoing a restructuring program because of financial issues that it faces currently is in negotiations with the Chinese conglomerate Fosun International with the divesting its tour operator business as the company looks to offload some of its business to generate money. After media reports about the negotiations…

Electric Car Technology To Be Jointly Developed By JLR And BMW To Save Costs

Electric car technologies would be jointly developed by BMW and Jaguar Land Rover as the two car makers have decided to use their resources together. Electric motors, transmissions and power electronics would be jointly developed by them, announced the two car giants. Amidst a business environment of dropping sale of cars and increasing costs of…

Harley-Davidson Faces Tough Fight In Largest Bike Market In The World – India

Being faced with a continuously reducing market share and demand in its home market, Harley Davidson, the legendary American motorcycle developer and manufacturer, is seeking to venture into some of the largest motorcycle markets of the world in Asia – visually into India, China, Vietnam, and Indonesia, in order to reverse it fortunes. The opportunities…

Preferential Trade Status To India To Be With Drawn By US

Even as United States President Donald Trump is apparently deepening his protectionist and ‘America First’ policy, his administration has decided to bring to an the preferential treatment on trade that it historically provides India. This treatment would be stopped from next week, announced Trump. The scheme that was initiated years ago in the 1970s has…