Cainiao, Alibaba’s logistics arm crunches large reams of big data to improve its operational efficiency of its logistics network. China’s equivalent to America’s Amazon, the Alibaba Group Holding Ltd has disclosed that it has completed a funding round.   As per its statement, investors who...

The Virginia Automobile Dealers Association (VADA) has filed a lawsuit in Fairfax County stating that the 2013 agreement does not allow for opening another dealership in the state. Tesla disagrees. Despite existing franchise laws that do not permit an auto manufacturer to own and operate a...

When it comes to corporate finance, gliding between regulations, calculations and strategy is not a small matter. Admittedly, numbers are a fate, they never lie. But what really matters is to make them reveal secrets and solutions as much as they can. That’s how Duff & Phelps, one of the...

Citing an internal notice by Honda to its dealers, Automotive News has said, depreciation cost of unsold vehicles will be reimbursed by Honda. As per a news report which appeared in Automotive News, Honda Motor Co. will be compensating U.S. dealers the depreciation cost of vehicles they cannot sell...

His immediate replacement is Hinrich J. Woebcken. Volkswagen has disclosed yesterday, that its top executive in the U.S. will be leaving the company. This news comes in the wake of the diesel emission cheating scandal that is haunting the company for the last six months. Michael Horn has been the...

By standardizing components across its satellites portfolio and by increasing the adoption of 3D printing, Lockheed Martin aims to reduce manufacturing time as well as cost. Lockheed Martin, one of the Pentagon’s top weapons manufacturer is also known for making top notch big military satellites...

The Justice Department’s kleptocracy asset recovery unit is probing Goldman Sachs’s business relationship with 1MDB. Goldman Sachs had earlier facilitated the sale of U.S. dollar bonds for 1Malaysia Development Bhd. As per Bloomberg, Tim Leissner, a former banker from the Goldman Sachs Group Inc....

Customised requirements have demanded the increased involvement of skilled human workers in Mercedes-Benz’s assembly lines. Ever heard of an industrialized company reversing its decision on automating its assembly lines and preferring humans instead of robots? In what is an eye opener, Mercedes...

In a big step towards biometric banking in the UK, HSBC is rolling out voice recognition and touch ID services for 15 million customers by the summer.

Net income of Wal-Mart - the world's largest retailer - fell by 8%, revenues declined by 1.5% according to a report for the fourth quarter of 2015, published on Thursday. The company's revenue for the whole of last year fell by 0.7%. This is the retailer’s worst result over the past 35 years. The main reasons for such a poor performance - the growth of the dollar, what caused a decline in revenues of the company’s international division, as well as increasing competition from online retailers.

Working at ground level, Tata Power motivates and helps farmers to learn new farming technologies besides retaining their traditional methods.