Billionaire L’Oreal heiress Liliane Bettencourt, whose family founded L’Oreal over a century ago, as the maker of hair dye and still owns largest stake in the cosmetics giant, has died aged 94. French businesswoman, listed in Forbes as the World’s richest woman, and L’Oreal, France’s fourth largest listed company. Bettencourt and her family owned 33…
Tata Steel, Britain’s biggest steel producer at Port Talbot steelworks in Wales, and German Industrial Group ThyssenKrupp have signed a memorandum of understanding with a view to merging. The announcement on 20th September 2017, said ThyssenKrupp and Tata’s European operations would join forces in a 50/50 venture which could obviously see some job losses in…
John Thomas Chambers (68), is to step down as chairman of Cisco Systems, the networking equipment company. During his tenure, in the last 15 years, Cisco was described as the world’s most valuable company, and currently going through upheaval caused by cloud computing. Chambers stepped back as Chief executive two years ago, handing the position…
George Soros, a supporter of Democratic ideals, who fled his country and went to London School of Economics under Karl Popper, the Austrian-British philosopher, working as a railway porter and a waiter before getting into currency speculation. He also worked in several merchant banks in London before moving to New York in 1963 and in…
Kerala Tourism Department has won “The Pacific Asia Travel Association Grand and Gold Award 2017” for its Muziris Heritage Project Film Tourism Brochure in the Marketing and Media-consumer travel brochure category. The awards were presented at the 32nd edition of the PATA Awards held at Macao, in recognition of its innovative and trending marketing initiatives,…
Six days in September gives numerous insights and paints a fascinating picture by highlighting the crash of sterling out of the exchange rate mechanism, and how the UK steadily distanced itself from European Monetary Union and EU with Brexit. Britain joined out of desperation at too high a rate and in secrecy without any regard…
A Japan Airlines ( JAL) Boeing 777 carrying 233 passengers and 15 crewmembers bound for New York was forced to make an emergency landing at Tokyo Haneda International airport after a jet engine burst into flames following a suspected bird strike on Tuesday 12th September 2017. Television footage showed red flame flickering from the left…
Santa Clara-based Cyphort, an innovator in the software security space, had raised £ 22.5million ($30 million) in venture funding from investors including Sapphire Ventures, Trinity Ventures, and Matrix Partners. Sunnyvale-based Juniper Networks Inc. has agreed to buy Cyphort Inc., a security software startup run by Manoj Leelaniwas, one of Juniper’s former executives, who previously…
Apple launches its latest range of devices today including three new iPhones, as well as upgrades for the Apple Watch, Apple TV, and AirPod Wireless headphones. The iPhone X, a premium version will feature an all-screen display, facial recognition software, and wireless charging at a record price of £1, 149 ($1, 149). At Apple’s annual launch…
Café-isation of chai has began, as Chai Point, started in 2010 by Harvard alumnus Amuleek Singh Bijral in Bengaluru in India was the first of these Chai startups (Tea) with over a hundred outlets pan-India and serves over 100, 000 cups every day. Chaayos has grown from 7 cafes in 2015, to 40cafes in Delhi,…