The clamor for new age cars has swept the automobile manufacturing industry over the past half a decade or so, and it is no surprise that the biggest companies in the industry have poured money into new ventures. In a fresh development, German car manufacturing giants BMW and Daimler have decided to collaborate in a […]
Two of India’s biggest government-owned banks, the State Bank of India (SBI) and Punjab National Bank (PNB) have agreed to infuse Rs 500 crore in emergency funding to jet airways. This will allow the crisis-hit airlines to continue operation until the company’s lenders resolve the Rs 8,000 restructuring. The funding to jet airways has been […]
As per a report, the foreign trade surplus of Germany extended a year ago, another report found, surpassing that of Japan, as disturbances in the global trade of merchandise and enterprises influenced the two economies in various ways. Germany’s strong execution and tight spending arrangements, combined with narrowing GDP development, are presently fuelling desires for […]
Amazon’s advertising business will eat market share of Google in 2019, as per a new estimate by eMarketer, a US research firm. Amazon is expected to grab 8.8% of US digital advertising market share in 2019, a 2% growth from 6.8% in 2018. The study by eMarketer claims that Amazon’s figure could reach 10% by […]
Investment banking giant Goldman Sachs has backed the US construction finance platform, Rabbet. The startup, which engages in software development aimed to make construction finance more efficient, announced on Wednesday that it had closed an $8 million Series around backed by Goldman Sachs, along with QED Investors and Camber Creek. Formerly known as Contract Simply, […]
HSBC Holdings recently reported that profits fell well below the analysts’ estimates and has forecasted a gloomy outlook for the current year, as the banking giant’s stock went on a freefall. The bank stated that the less than impressive performance was down to higher expenditure and its stock price that had taken massive hits. However, […]
