German Fighter aircrafts Typhoons with a top speed of 1320mph and a powerful 27mm Mauser cannon on board, were scrambled on Thursday 16th February 2017, as London bound Jet Airways plane, 9w 118, was crossing over Cologne, after it lost radio contact. As a precaution the Typhoons continued to escort plane until landing at Heathrow.…
Snapchat, the messaging app owners has slashed its proposed one of the largest US tech listings, as the company prepares for marketing campaign. Snap had earlier aimed for a valuation of £25bn, but a price of $14 to 416 a share is revealed in the updated regulatory filing, puts the market valuation to $16.2bn to…
Essilor France’s world number one manufacturer of lenses and contact lenses and Italy’s Luxottica a leading frame manufacturer, has announced their merger. If the deal goes through later this year the new company will be called EssilorLuxottica and will sell not only lenses and frames around the world but also stocking its own optician’ shops…
The Indian Space Research Organisation (ISRO) broke the world record when it launched 104 satellites onboard on single rocket from the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh. The satellites were launched by ISRO’s Polar Satellite Launch Vehicle, earlier used in the ambitious Mars Orbiter Mission. This is first of its kind to launch…
PSA Group, make of Peugeot, DS and Citroen cars, is in talks about taking over General Motors’ (GM) loss-making European business Opel. France’s PSA group already works with GM in Europe on several projects, said any deal would involve Opel’s UK arm Vauxhall, which employs 4, 500 staff at plants at Ellesmere Port and Luton.…
Rolls-Royce, the engineering giant and jet engine maker reported a loss before tax of £4.5bn for 2016. Rolls-Royce has agreed to pay £671m to settle corruption and bribery cases with the UK, the US and Brazilian authorities and it has written off £4.4bn from currency related contracts As aerospace deals are done in dollars the…
Top six women in the technological world. 1. Sheryl Sandberg, Facebook CEO. Sheryl Sandberg is the first woman to be among on the board of directors of Facebook as Chief Operational Officer. She had previously worked at Google and also served as the Chief of Staff at United States Secretary for Treasury. She is also the…
The iconic brand Ambassador, owned by CK Birla Group, has been sold to European Auto Peugeot for £0.8m (Rs 80 crore). The manufacturing of Ambassador cars has been discontinued. “Hindustan Motors has executed an agreement with Peugeot SA for the sale of the Ambassador brand, including the trademarks, for a consideration of Rs 80 crore.…
Westland property company Great Portland Estates has sold Facebook’s London headquarters for £435m. The freehold of Rathbone Square. Great Portlands largest development project has been sold to Deka and real estate investment trust, West Invest Gesellschaft , a company owned by German investment group. Rathbone Square is a 420, 000 sq ft development in the Fitzrovia…
Snapchat one of the largest technology initial public offering company based on a quiet street leading to the Venice boardwalk in Los Angeles. eclipsing the Henna tattoo and hemp clothing stalls. Snapchat’s IPO is expected to be valued at $25bn and founder and CEO Evan Spiegel is enjoying the success after luring software developers to…