ABB Ltd. and Prysmian Group have been awarded €620m contract for the ambitious 1GW IFA2 power link between the UK and France. ABB will provide its HVDC transmission technology, whereas Prysmian will offer power cable links through submarine and land. While ABB’s contract is worth €270 million, Prysmian has got a €350 million contract. Adoption […]
Danone’s acquisition of WhiteWave Foods will be accompanied by liquidation of its subsidiary Stonyfield. This will be in accordance with the antitrust laws of the U.S. Department of Justice. The French company, also known as Dannon in the U.S., had last year acquired WhiteWave Foods for an estimated $10 billion. Commenting on the sale of […]
A new study conducted by Cardiff University suggests that charging coffee drinkers for their disposable cups can help reduce their use by about 300 million per year. It is estimated that nearly 2.5 billion disposable coffee cups are used in the UK every year. According to one report, the global disposable cups market was valued […]
In 2017, the networking industry has certainly continued on a similar trail that it followed last year and also been benefited greatly from the increasing demand for B2B telecommunication services across various industrial verticals. In addition, intensified use of B2B telecommunication services in sectors such as media and entertainment and BFSI is expected to sustain […]
Packaging has evolved to become a key component of brand identity and marketing in the last decade or so. Innovation in technology has led to the dawn of a new era of packaging, which is ‘smart’ and customer-centric. Today, brand are paying much more attention to how they package their food. The focus has clearly […]
In the past week, Snapdeal has dominated the business news in India, owing to speculations that it is ‘being readied’ to be sold off to its arch-rival Flipkart. While no official announcement has been made yet, officials privy to the deal are claiming that the tussle between the board of directors, which includes SoftBank, Kalaari […]
The Swiss food & beverage maker is likely to be left with a sizeable stake in the French cosmetics giant – L’Oréal, after the latter’s founding kin – the Bettencourt family – recently terminated an agreement, which was penned in the mid-70s. Uncertainty has clouded the top minds of Nestlé, as its outgoing chairman recently […]
The stormy ties between Trump administration and major social media sites continue to remain frosty. In a latest development, Twitter sued the US federal government over the issue of unmasking of an anonymous account. According to report, the anonymous account had been critical of Trump and his policies on Twitter. To add to the controversy, […]
Reaping billions of dollars from multiple monetization platforms across the vast waters of Internet hasn’t quenched Jeff Bezos’ thirst for exploring untapped territories. After measuring the threshold of today’s global retail industry, the tech billionaire has just announced his plans to take the Space by storm! The founder of Amazon.com is entering commercial space race […]
Technology giant Google takes yet another step in offering videos streaming services at lower internet bandwidths for users in India. The company recently launched a beta version of ‘YouTube Go’ and the app can be downloaded for free from Google play store. Using ‘YouTube Go’, users will be able to view YouTube videos even in […]
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