A hot air balloon, belonged to the Heart of Texas Balloon Rides, has caught fire and crashed at 7:40 (12:40 GMT), in fields near Lockhart about 30 miles (50km) south of the state capital Austin. Caldwell County Sheriff Daniel Law said the basket of the balloon was on fire when emergency crew arrived. It is…
Month: July 2016
Duvvuri Subbarao, was the boss India’s central bank Reserve Bank Of India, for 11 days when Lehman Brothers collapsed, plunging into the biggest financial crisis in decades. His turbulent relationships with two Finance Ministers of India at that time P. Chidambaram and Pranab Mukherjee, and give his account that may cause considerable embarrassment. Chidambaram in…
Sale of Yahoo to Verizon, Twitter setback and powerful earning from Goolge and Facebook highlighted the power of digital advertising world, and shocked the traditional media business all in a week. Digital advertising sales will be surpassing £200bn $264bn, global TV ad market, within the next three years with Google and facebook controlling 72 per…
Scientists have found over 30 billion tons of oil deposits in Bay of Bengal the largest bay in the world, two-and-half times the 13 billion tons of deposits that Iraq has, and almost as much as Saudi Arabia’s one of the world’s largest oil exporters. Despite the find, the gigantic deposits would be far in…
Daimler, the German car giant took a majority control stake of taxi app Hailo, the British black cabs bearing the yellow livery of Hailo. Hailo, the black cab hailing app which allows customers to order a taxi directly from their smartphone, announced on 26th July 2016, that it had merged with mytaxi, a similar service…
Yahoo, the US internet firm, which has more than a billion active users a month, is being acquired by American Telecoms giant Verizon Communications for nearly £3.8bn ($5bn) in cash. Yahoo will be merged with AOL another faded internet star, which Verizon bought last year. The price tag was much below the $44bn Microsoft offered…
The British government is in league with the retail giant Amazon to start testing flying drones that can deliver parcels to your door. Amazon is funding the programme, which will search for the best way to allow hundreds of robotic aircrafts to buzz around Britain’s skies safely. The company is aiming for small parcels to…
Pakistan tour of England and Ireland, 2nd Investec Test: England v Pakistan at Manchester, Jul 22-26, 2016 England won the toss and elected to bat. England 1st Innings 589/8d (152.2 ov) AN Cook 105 off 172, 15 fours, JE Root 254 off 406, 27 fours, CR Woakes 58 off 104, 8 fours and 1 six, Mohammad Amir…
A tourist after an argument decided to get out of the car at a Chinese Safari Park was killed by a tiger.
Thirty-one-year old Christopher Clive Frome OBE reaches the finish line of the 21-stage race, in Paris become the first British rider to defend the Tour de France 2016, as he cruises to third title. The team Sky rider, who won the 2013 and 2015 races, is the first man to defend his title in more…