Amidst fears that US executives would be targeted by Chinese authorities following the arrest of the CFO of Huawei – Sabrina Meng Wanzhou, in Canada at the behest of the United States, the employees – especially people in the management positions, of US technology giant Cisco, have been advised not to travel of China except…
Some of the most well known nutritional drinks in India are being purchased by Unilever ion its effort to enhancing its presence in the fast growing Indian market. Most of the India consumer healthcare business owned by GlaxoSmithKline (GSK) is being bought by this global consumer goods group which includes very popular beverage brands such…
According to the former head of intelligence agency GCHQ, if there is no proper regulation, it is possible that the social media platform Facebook could turn out to be a threat to democracy. In an interview with BBC, Robert Hannigan said rather than “protecting your privacy” and data, the interest of the social media giant…
The fourth quarter of 2018 so far has been very bad for American International Group Inc (AIG) which is an amount of between $750 million and $800 million for losses because of natural catastrophe, said the chief executive officer of the company. AIG CEO Brian Duperreault said at the Goldman Sachs U.S. Financial Services Conference…
Following a year of a string of hacks into data vases of large multinational companies, the latest to announce that it has also been hit by a hacking incident is Marriot International chain of hotels. The company revealed on Friday that personal data and information of about 500 million guests that had been stored in…
One of the oldest and last standing conglomerates of the US, the 84-year-old United Technologies which manufactures elevators and jet engines will be split into three parts. Its Carrier building systems business and its Otis elevator division would be separated by the company into stand alone units, accounted the company on Monday. Jet engine maker…
According to an analysis by consulting firm Bain & Co., there are tremendous chances of benefit for a number of Southeast Asian countries because of the trade war between the United States and China which is forcing a large number of global companies that are currently engaged in manufacturing and fabrication work in China to…
The HoloLens augmented-reality headset which was launched by Microsoft about four years ago and was meant for retail customers and which was not as successful that the company had expected, is now being used by an unlikely set of customers – the car makers. The car manufacturers are hopeful that the use of augmented-reality headsets…
According to media reports, Alibaba Group Holding Ltd has been put in a ‘down round’ investment by China’s Babytree Group, which is a parenting website operator, because of the later’s decision to price its Hong Kong IPO at the bottom of a marketing range which has reduced its valuation. Alibaba is an investor in the…
With the aim of taping into the vast potential of the smaller cities and rural market of India, Chinese smartphone maker Xaomi will set up a chain of physical stores throughout the Indian market. The company announced that by the end of next year, the number of stores would be increase by tenfold. At present,…
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