South Australia’s power blackout could be history thanks to Tesla’s “Hollywood solution”. Almost a year after South Australia suffered a major blackout, it has started building the world’s biggest battery to help keep its electricity grid on and humming in what is being slated as Australia’s most wind-dependent state. With Tesla winning the bid to…
Brexit related uncertainties are however holding back its plans. On Thursday, Britain’s biggest carmaker, Jaguar Land Rover, stated its electric or hybrid lineup will be launched from 2020, as it ramps up its plans to electrify its models. In 2016, its Indian parent, Tata Motors, had disclosed that it would offer greener versions of half…
The two previous attempts at a mergers were unsuccessful due to its sheer complexity. This time with Schneider Electric separating its software business ahead of the merger proved instrumental in signing the deal. On Tuesday, Britain-based Aveva Group disclosed that it has agreed to be acquired by France-based Schneider Electric’s software business and in the…
This merger assumes significance midst the growing global clamour for going cashless. In a significant development, French payments processing company Worldline has agreed to acquire Digital River World Payments (DRWP), its Swedish peer. The move marks a pickup in the merger activity in the payments sector. Although Worldline did not disclose the quantum it had…
It has cited its weaponized drone, SkyStriker designed for long flight hours, unveiled in the recent Paris airshow to rave reviews, as an example of its innovation. So as to maintain its leading edge over its peers, Israeli defense electronics company Elbit Systems Ltd is moving swiftly to innovate as it faces increasing competition from…
Despite the bragging rights, its 77.42 gigawatts of solar energy is just a drop of water in its bucket of energy requirements and represents just 1% of the country’s total energy demands. China has made giant strides in implementing clean energy and is slowly weaning off its economy from lustre of cheap coal power. According…
France is playing host to the future of transportation technology. It turns out that there are two companies which are in the process of creating Elon Musk’s transportation of the future. Hyperloop Transportation Technologies has explored a few routes with cities. The company has now revealed that it will soon set up shop in a…
France enacts a law that compels French companies, with over 50 employees, to provide for a breather, in our rat race society. Turns out the New Year is not just another chance to create new set of resolutions for the year, France has given it a new meaning for many of its employees. From January…
Sarbec Cosmetics designs, manufactures and distributes cosmetics and care-products in 115 countries, making it the world’s leading independent French cosmetics and perfumery company. The group has emblematic brands, such as Corine de Farme but also offers its expertise to customers all over the world. Is French cosmetics still the number one leader in the sector?…
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