Hurricane Patricia gaining strength and hits Mexico

Mexico’s Pacific coast is expecting one of the strongest hurricanes ever recorded after the third lowest barometer reading ever recorded pressure of 880millibars at the centre of the storm and began evacuating 400,000 vulnerable residents ahead of the arrival of Hurricane Patricia. The Category five hurricane is expected to make landfall with winds of  190…

Hamleys being sold for £100million to Hong Kong footwear retailer

C.Banner International – a Hong Kong based retailer of women’s footware is reported to be offering £100million for buying Hamleys, the iconic British toy shop which celebrates its 255th birthday. Hamleys, known for its seven storey toy store where Father Christmas  will greet children and fulfil their dreams. Hamlets have expanded and opened in Moscow,…

Western Digital to buy ScanDisk for £12.35billion

In a low interest rate environment, where growth is harder consolidation is the only way. Three multi-billion-dollar acquisitions totalling  £22.1 billion $34 billion, including Western Digital acquiring  flash memory maker ScanDisk for £12.35 bn $19 bn, semiconductor maker Lam Research buying rival KLA-Tencor Corporation for £6.92 bn $10.65 bn and IT management software group SolarWinds…

Ferrari ignites £ 6 billion IPO float in New York

Ferrari the sports car giant raced to $10billion (£6.5billion) ahead of its first day of trading in the New York Stock Exchange. Parent Company Fiat Chrysler automobiles raised $893million £580.5million form an IPO that attracted strong investor interest as the company sold 17.2 million shares at £52 each, but underwriters could take a further 1.7million…

Xi Jinping visit: UK-China ties scale new heights

China’s President Xi Jinping believes The UK and China were becoming more interdependent and a “community of Shared interests,” on the first full day of his four-day visit to London. At Buckingham Palace banquet, the Queen said this was a “very special year of our bilateral relationship”. Addressing MPs and Peers in the Royal Gallery…

Celebrating Street Food in India

  For the foodies who love to savour a wide variety of street foods, India is one of the best destinations. Indian street foods are cheap yet tasty. Traversing through north to south in India you would find that each state has a unique dish which is relished by all food lovers. Street foods are…

Indian Temples to leave you gasping

  Brihadeshwara Temple or the Thanjavur Periya Kovil is famous for its architectural splendour. Its grandeur amuses each and every visitor. It is one of the largest temples in India built by emperor Rajendra Chola I and was completed in 1010 A.D. The splendid architecture has made the temple a part of the UNESCO World Heritage…

Wal-Mart bribery allegations in India

Wal-Mart is suspected to have paid thousands of small bribery payments worth millions of dollars in India, to low-level local officials to help move goods through customs or obtain real-estate permits. The majority of suspicious payments ranging from US $200 to US$5, but when added together they totalled millions of dollars according to The Wall…