Due to the heavy flooding in Chennai, India, there was a great necessity for assistance in getting locals out of the affected areas. The C-17 Globemaster and the C-130J Super Hercules answered their cries of help.
India
Facebook, Google, Amazon’s entrance to India turns country to an 'E-commerce battleground'
Bank of America Merrill Lynch Wealth Management analysts expects India to be the next e-commerce battleground in 2016 as big tech companies like Facebook, Google, and Amazon are set to conquer the country this year.
Tata Steel bonds at record low as S&P downgrades
Standard & Poor's (S&P) has downgraded credit rating of Tata Steel's bonds. S&P cited reasons such as the poor operating performance and high leverage at Tata Steel for downgrading. Indian steel industry is suffering from glut in production and surging imports.
India lifts ban on bullfight 'Jallikattu'
The ban on south Indian bull sport ‘Jallikattu’ has been lifted ahead of Assembly elections in Tamilnadu state. Jallikattu has been in practice in Tamilnadu for thousands of years and is being held during Sankranti festival season in January. Majority of Tamil people and politicians are thanking Narendra Modi-led NDA government for lifting the ban on Jallikattu, while animal welfare activists are opposing it.
Dense Fog Halts Delhi Airport For 6 Hours, Further Deterioration Feared
Delhi residents have been witnessing chilling cold, drizzling and heavy fog. The Fog is so dense that visibility range has been reported to remain around 75 meters during 10 am to 4 pm. Despite adopting highest ILS, CAT IIIB, air movement has been kept stalled for around 6 hours. According to IGIA met office partly thundery weather may prevail on Sunday next.
Latest News
General Electric Co. and Alstom have won contracts from India's state owned rail company worth a combined of $5.6 billion to supply and service diesel locomotives as the country works to modernise its infrastructure. The contracts are also the biggest deal to be awarded by India to foreign firms.
Maggi Noodles - the instant Chinese fare created by Nestle and loved the world over especially in India, Singapore and Malaysia and other parts of the globe was beset by a scandalous allegation that their Maggi Noodles in India contained MSG with lead levels going beyond permitted limits.
Boeing Co and Tata Advanced Systems (TASL) will float a joint venture (JV) for manufacturing fuselages for the AH-64 Apache attack helicopter in India. The JV will set up a center of excellence (CoE) and it'll also be in competition for getting contracts to make additional Boeing platforms including commercial and defense.
Apple, the first-grade international technological device company, has been introducing new upgraded devices every year. According to Mashable, Apple 6 and 6S was recently launched in India, and the sales were upgraded through immense positive feedback. Now Apple has launched another of its best-selling device, Apple watches.
Xiaomi sold 1 million handsets in the third quarter in India, which considered its second biggest market. CNET has reported that Xiaomi VO Hugo Barra considers this quarter their best quarter ever with the sales benchmarks it reported. The sales in India add a whopping 45 percent quarter-on-quarter growth for the company.
Apple Watch is now available in India, one month after iPhone 6s and iPhone 6s Plus became available in the country. 9to5Mac reported that the Apple Watch starts at Rs 30,900 in India. The 38mm and 42mm models are available in the country. They come in gold, rose gold, silver anodized aluminum, space gray, polished silver, space black stainless steel, yellow gold, or 18-carat rose gold.
The first share sale made by an Indian airline in six years has gone on to receive bids that were 6 times more than the $460 million target set by the company. The company that held an IPO was InterGlobe Aviation Ltd., an air transportation services company with headquarters in Gurgaon, India.
India, the world's largest democracy and home to highest number of movies, is struggling to perform at box office collections. There's no correlation between the number of movies released every year and revenues they generate for the film industry. The India's film industry is just grossing mere $2billion every year at the box office while it registers about 2,000 movies annually. Considering the number of movies it makes every year, India should have been leading the world in terms of revenues as well. But it couldn't as the piracy alone eating into INR19,000 crore ($3.34billion) revenues every year.
The Reserve Bank of India (RBI) Governor Raghuram Rajan's latest measure to slash benchmark repurchase rate is finally giving results as commercial banks started cutting down interest rates.
