04302016Sat
Last update: Sat, 30 Apr 2016 12pm

Industries & Sectors

Business & Finance - Industries & Sectors

This businessman made $6 billion in just 20 minutes Almost every one wish to be super rich, becoming billionaire’s, unfortunately this remains an unfulfilled dream for most, optimistically speaking. However, this man was able to make a whooping $6 billion.And that too not in 20 years, no no not in 20 months, weeks nor even days but in just 20 minutes. Yes, you heard it right and the man was none other than Amazon’s Founder and CEO Jeff Bezos.According to Time, Jeff Bezos piled up $6 billion in one afternoon on Thursday, on the back of Amazon’s fantastic annual report, which saw the value of Bezos 82.9 million Amazon shares rose by more than 10pc in after-hours trading, As per Vanity Fair, these billions pushed Bezos at the fifth spot on the list of world richest, with a net worth of $53.7 billion. Bezos net worth increased to as high as $60 billion for a brief period, overtaking the ...

Business & Finance - Industries & Sectors

Google reveals its weirdest tech, digital screens that you can tear and share Modern digital screens can do a lot of things they could be bended and rolled, Google however; plans to take it a step further, the search engine want to rip off the screens.According to Google’s latest patent filings published to the United States Patent and Trademark Office, revealed some sort of device which could be torn into pieces and then put back together.As per Google, “A tearable display allows information to be portable and physically ...

Business & Finance - Industries & Sectors

Telefonica says has other options for O2 if sale is blocked MADRID: Spain's Telefonica said on Friday it had plenty of options for its British O2 subsidiary if EU competition regulators block its sale to CK Hutchison Holdings. The EU antitrust watchdog is due to decide by May 19 on whether the deal would harm competition and sources told Reuters on Monday it was likely to be blocked, a risk Telefonica's new chairman Jose Maria Alvarez-Pallete acknowledged at the company's first quarter results. He said that ...

Business & Finance - Industries & Sectors

Daimler to invest additional 580mn euros in Hungary FRANKFURT: German auto giant Daimler said Friday it plans to invest an additional 580 million euros ($660 million) in its Mercedes-Benz plant in Hungary where it will build a new generation of compact cars."The Mercedes-Benz plant in Kecskemet will produce the next generation of Mercedes-Benz compact cars," Daimler said in a statement."By 2018, Daimler will invest around 580 million euros in the technological development and the expansion of the location," which is situated around 70 ...

Business & Finance - Industries & Sectors

Eni may benefit from tech savvy partner in Mozambique LNG MILAN: Italian oil major ENI could benefit from an additional partner in developing its giant Mozambique gas deposits, especially one with project-management skills in running such complex ventures, a senior company executive said on Friday."This contract is so big I guess we could take advantage from (having) a strong additional partner, not only stronger from a financial point of view but also (with) a capability to run such a complicated project," Eni Chief Financial Officer ...

Business & Finance - Industries & Sectors

Mitsubishi Motors has cash to weather mileage scandal, but brand battered, again TOKYO: Mitsubishi Motors' (MMC) market value and Japanese orders have halved since it admitted last week to rigging fuel economy tests, but with more than $4 billion in cash and low debt, the automaker should contain the potential damages. The scope of its cheating also now seems more limited than at first feared, improving the prospects that one of Japan's smaller automakers can survive a third scandal in recent years. That history of scandals though, ...

Business & Finance - Industries & Sectors

India's Reliance March oil imports up 22pc y/y NEW DELHI: Reliance Industries, owner of the world's biggest refining complex, shipped in 22 percent more oil in March compared with last year, when its imports were less due to maintenance shutdown of a few units at its 660,000-barrels-per-day (bpd) refinery, according to tanker arrival data from trade sources and ship-tracking services on the Thomson Reuters terminal.Reliance, which has a diversified crude slate and shifts purchases to maximise revenue, bought 1.34 million bpd last month, ...