Suresh Prabhu, railway minister of India, on Thursday, unveiled the rail budget for 2016-2017 in the Lok Sabha. The minister increased the quota for women and senior citizens in railway coaches.
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Human Regains The Lead In Mercedes-Benz Production Line
Robots are the best performer in repeating predefined tasks while lags behind in adapting with changes. Offering changed features in versatile range of models appear as the trend for recent day’s automobile industry, where human surpasses robots. Following the industry trait, Mercedes-Benz has brought back humans in S-Class production replacing robots.
Gap Announces Fourth Quarter Earnings, Forecasts Decline in Profit During Current Year
Gap Inc. has announced its fourth quarter earnings on Thursday. The clothing retailer has represented a comparative feature with its year ago performances. It has also predicted for weaker earnings during the current year.
After American Airlines, Republic Airways Files For Bankruptcy For The First Time Since 2011
Republic Airway has sought immunity under bankruptcy followed by pilot shortages and other industrial odds. American Airlines has filed for bankruptcy in 2011 and now, the US regional carrier follows the trait in seeking clemency. However, Republic CEO expects the move will take the carrier to the new heights.
PBOC Governor: China's Economy Is In Good Shape
PBOC governor Zhou Xiaochuan is confident to say that China's economy is healthy along with the assurance that yuan will not be devalued again and that the country has enough monetary tools to support the economy.
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Vision Capital has announced on Wednesday reaching an agreement for disposing of its consulting business arm to Maru Group. Lower growth rate and profit margin ration are believed to the reason to choose the consulting arm for selling. Through this deal, VC has removed the last hurdle to go for IPO.
The King of Good Times, or Vijay Mallya, reached an agreement with spirits giant Diageo to leave the booze business. He is resigning his position as United Spirits Ltd chairman while Diageo takes full management ownership of the company.
Oppo has unveiled Super Vooc Flash, the ultra fast charging device, during Barcelona Mobile World Congress. No compatible device has been suggested in the introductory session which indicates the device is still in the prototype stage. The Oppo device is claimed to be superior since it diminishes the risk of overheating and can operate in a lower voltage.
Microsoft has announced on Wednesday acquiring Xarmin, a cross-platform software programming tools project. Though details on the deal haven’t been disclosed from either party, the deal has been rumored to be made for $400 million to $500 million. The acquisition is expected to boost up Microsoft’s Universal Windows Platform (UWP) technology ideals.
Google introduces AMP project to fasten the loading of news articles on mobile screen. Unlike the traditional web pages, AMP pages consume less power.
British property website Zoopla has set a new record in attracting more number of visitors to its webpage. About 58 million visits to Zoopla website and app by homebuyers was recorded in January 2016. Zoopla has announced better than forecast results for 2015.
UK's Finance Minister George Osborne may take leverage of Group of 20 to support Britain to stay with the European Union (EU). G20 meeting is being held on 26-27 February in Shanghai. Brexit may be a major outcome at the G20 finance ministers meeting.
Exxon Mobil Corp may lose credit rating from Moody's Investors Service. Moody's on Thursday lowered its outlook for Exxon from stable to negative. Exxon is suffering from cash flows in the wake of continuous drop in oil prices.
UK's GDP growth rate was remained unchanged at 0.5 percent for the fourth quarter of 2015. Services sector contributed the most to the GDP growth. Meanwhile, International Monetary Fund (IMF) has cautioned about weakening global growth.
