Amazon Web Services and Microsoft to compete for Pentagon’s 10 billion dollar’s cloud computing services contract

The U.S. Department of Defense on Wednesday said that "As a part of $10 billion worth of cloud computing services as a part of a contract, the defense committee has selected Amazon and Microsoft to continue for competing for Pentagon's cloud computing services contract."Elissa Smith, Spokesperson of the department in its statement, said that "I can confirm that Amazon Web Services (AWS) and the Microsoft are the

Supreme Court to hear plea over TikTok app ban

The Supreme Court on Tuesday agreed to hear on April 15 a plea challenging a recent Madras High Court order directing the Centre to ban the "TikTok" app over concerns about access to pornographic content through it.A bench comprising Chief Justice Ranjan Gogoi and justices Deepak Gupta and Sanjiv Khanna agreed to hear the plea filed by Chinese company ByteDance, which said there were over billion downloads of

Toyota Kirloskar Motor launches upgrade versions of Innova Crysta and SUV Fortuner

Toyota Kirloskar Motor (TKM) on April 8 launched improved versions of its popular multi-purpose vehicle Innova Crysta and SUV Fortuner priced in the range of Rs 14.93-33.60 lakh (ex-showroom).The new Innova Crysta will now have features such as heat rejection glass, perforated leather seats, option of new ivory leather upholstery and USB fast charging port, TKM said in a statement.The new Innova Crysta will

“Absolutely not,” says Saudi on changes in oil trading policy in dollars.

Saudi Arabia's Energy Minister Khalid al-Falih said that "there is no change in the Kingdom's long-standing policy."Speaking with the media on Monday, Khalid al-Falih said that "No, Absolutely not. there is no change to our long-standing policy on trading Oil in US dollars."It is important to understand that the statement from the Saudi's Energy had come at a time when the Reuters last week reported that

Coca-Cola to launch ‘Powerade’ sports drink in India ahead of ICC World Cup

Ahead of ICC World Cup 2019, the U.S. soft drink maker giant Coca-Cola is planning to introduce its new sports drink called 'Powerade' in the Indian market.Coca-Cola is expected to launch the drink within the next two months and will be competing with PepsiCo's Gatorade.According to the Economic Times report, "The drink is currently available in India only through imports, but Coca-Cola is planning to launch

‘Stupid Trade’ says Donald Trump on 100% tariffs imposed by India on US products

India charges America over 100 percent tariffs on a large number of products while the US imposes nothing on the similar or same items, President Donald Trump has said, urging his administration to work on the "stupid trade".His statement came days after he criticised India, saying it is one of the world's "highest taxing nations".The US President has repeatedly claimed that India is a "tariff king" and

DR Reddy: To avoid debris threat to global space assets, India chose lower orbit for A-SAT test.

A day after NASA raised its concerns about the threats of debris to global space assets by the launch of ISRO's A-SAT test for 'capability demonstration."Speaking at DRDO Bhawan on Saturday, DRDO Chairman, G Satheesh Reddy has said that, "We know the threat of the debris to global space assets and to avoid this India has chosen a much lower orbit of less than 300 Km during Mission Shakti for "Capability

NTPC infuses Rs 2000 crore as short term loan in Canara Bank

One of India's largest state-run power utility company, NTPC on Friday has announced that it has agreed to infuse Rs 2,000 crore in Canara Bank.In a statement issued on Friday, NPTC said that "The company has signed a term loan agreement of Rs 2,000 crore with the Canara Bank. The loan facility extended at an interest rate linked to 3-month MCLR of the bank."Adding to this statement the company said that

LivGuard secures $2.2 billion as a strategic investment from ChrysCapital and Ncubate Capital Partners

India's most substantial automotive battery, inverter battery, and solar maker LivGuard has raised Rs 220 crores (approx $2.2 billion) as a strategic investment from ChrysCapital and Ncubate Capital Partners.ChrysCapital led the new round funding with the participation of Ncubate Capital Partners (an investment arm of the SAR Group) were ChrysCapital invested Rs 170 crores and Rs 50 crore Ncubate Capital

Volvo Car India reports 25 percent growth in retail sales business in 2018-19

Volvo Cars India, a business arm of Swedish luxury automaker Volvo has reported a 25 percent growth in the retail sales business.In the statement, Volvo cars India has said that "The company has reported a 25 percent of growth in retail business sales for the year 2018-2019, where the company has sold 2,687 units as compare to the 2,157 units which it sold in the previous fiscal year.""The growth in the