India launches the country’s  first moon mission since 2008

The unmanned Chandrayaan 2  rocket blasted off from the Satish Dhawan Space Centre on the east coast on Monday 22nd Jul 2019. The  £113m ($140m) mission if successful, would place India alongside the US, Russia and China. The mission launched 50 years after the US astronauts first walked on the moon showed India’s determination to…

Equifax’s data breach costs £644m

Credit score group Equifax will be liable for £644m ( 800m) as part of a record US settlement following a 2017 hack that exposed the data of 150m people whose information the agency tracks. The settlement with several federal and state authorities and claimants in a class action lawsuit draws a line under on the…

Shock as Jingye withdraws bid to buy British Steel

 Jingye Group, a Chinese company had pulled out of the running to buy British Steel, thawing efforts to rescue the stricken manufacturer and safeguard thousand of UK jobs.  Earlier Jingye Group submitted an offer for the entire British Steel Uk’s second largest steelmaker, which collapsed into insolvency two months ago after it s request for…

Rapid expansion of OYO

OYO, a fast-growing Indian hotel chain backed by Softbank, is investing  £1.6bn ($2bn) to triple 25-year-old Ritesh Agrawal, the founder’s stake to 30 percent from 10 per cent  in the  company  while light speed and Sequoia, its US backers partly cash out. The share buyback pushes OYO , the World’s third-largest hotel chain behind InterContinental…

Slug & Lettuce to buy 4000 pubs in £3bn Ei deal

The takeover of the Ei Group will add  4000 new publs to Stonegate Pub company’s ( owner of Slug & Lettuce) 765 existing locations .  Simon Longbottom, CEO of Stonegate is owned by the Cayman Island registered private equity group TDR Capital  said that although the deal  ” slightly dwarfs what we’ve done before  the…

US military site use Chinese cameras despite ban of Huawei ban

Surveillance cameras made by Hikvision, 42 per cent owned by the Chinese Government have continued to watch over US military bases just weeks ahead of  a federal ban on such equipments according to a review of defence contracts Cameras made by Hikvision, remain in place at Peterson air force base in Colorado, the home of…

Stock Exchange listed company busted

      Rajnish Wellness,  listed in the Bombay Stock Exchange,  which sell sexual wellness products has been busted by the Mumbai Police and arrested Rajnish Singh who allegedly ran a sex racket under the name of sap and body massage parlours. The Crime Branch of Mumbai Police rescued three women, allegedly involved in flesh…

Cathay Pacific most punctual airline

Cathay Pacific was the most punctual airline, with aircraft typically taking off just eight minutes behind schedule. The average delay across all flights were 16 minutes. Teh ranking features the 43 airliens with over  2, 000 flights from UK airports last year. Vueling Airlines, the Spanish carrier,  has the worst punctuality of major airlines flying…

Indonesian Minister challenges Mark Zuckerberg to paddle race

 Susi Pudjiastuti, the Indonesian minister challenged Msrk Zuckerberg to s race after the Facebook founder posted a picture of himself paddling on a lake. She asked fro 10 per cent stake in Facebook if she won. Pudjiastuti added she’d sell the shares back to Zuckerberg and use the money to buy a few big patrol…