Chinese firm unveils plans to provide free worldwide WiFi with 272 satellites : Bulletin: Business Today
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Chinese firm unveils plans to provide free worldwide WiFi with 272 satellites

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November 30, 2018

PM Narendra Modi to participate in two trilateral meetings at G-20 summit

Prime Minister Narendra Modi will participate in two important trilateral meetings with world leaders here in Argentina's capital, during which they would discuss major global challenges and developments. Prime Minister Modi, who arrived here to attend the G-20 summit, will participate in the first-ever trilateral meeting between Japan, America and India and the 2nd Russia, India China (RIC) trilateral, which is taking place after 12 years, on Friday.
 
Unilever's CEO Paul Polman to step down after 10 years, Alan Jope to take his place

Unilever's Chief Executive Paul Polman will step down next month after ten years in the job, leaving insider Alan Jope to step into his shoes after the Anglo-Dutch group's failed attempt to shift its headquarters.A UK investor revolt forced Polman and the Unilever board to scrap a plan in October to move the headquarters of the dual-listed company, which makes Dove soap and Ben & Jerry's ice cream, to the Netherlands. At the helm since January 2009, Polman, 62, generated big returns for shareholders totalling 290 per cent over the period, and expanded its presence in emerging markets.
 
Maharashtra to allocate land for India-UAE-Saudi Arabia oil refinery

The land for a proposed India-UAE-Saudi Arabia oil refinery in Maharashtra will be allocated in the coming weeks, a UAE envoy said Thursday as he sought to assuage New Delhi's concern over fuel deficit in view of US sanctions against Tehran. The remarks by Emirates' envoy Ahmed Albanna on the allocation of land in Maharashtra's Ratnagiri district came at a time when the project was facing opposition from the locals as well as political parties, including the Shiv Sena.
 
OPPO India MD Yi Wang steps down


Chinese handset maker OPPO has said its India Managing Director Yi Wang will step down effective November 30. The company, however, did not give any reason for the decision. It is yet to name Wang's successor.India is a key market for smartphone players as it continues to grow at a strong pace. According to research firm IDC, smartphone shipments in India touched an all-time high of 42.6 million units in July-September 2018

Chinese firm unveils plans to provide free worldwide WiFi with 272 satellites

A Chinese internet technology firm is planning to launch a constellation of 272 satellites by 2026 with an aim to provide free WiFi service worldwide and rival global tech giants like Google and SpaceX, according to a media report Thursday. LinkSure Network, founded in Shanghai in 2013, markets itself as a global innovative mobile internet company specialising in free internet access, content and location-based services on its official website. It unveiled its first satellite in the constellation plan on Tuesday. Wang Jingying, CEO of LinkSure Network, said the company will invest $431.4 million into the plan.

Indian professionals dominate Brexit-hit UK's visa hike

Skilled professionals from India dominated the landscape of work visas issued by the UK government over the past few months, according to official statistics released on Thursday. The UK's Office of National Statistics (ONS) found in its analysis of UK Home Office data for the previous year that while the pressures of Brexit meant a decline in migrants coming to the UK from within the European Union (EU), non-EU migrants from countries like India registered an increase across different segments.
 
Korean firms keen to invest in north India: Envoy

South Korean companies have expressed willingness to invest, especially in IT companies, in states such as Punjab, Haryana, Himachal Pradesh and in UT Chandigarh, an official said Thursday. Korean companies are keen on developing information technology, internet of things, artificial intelligence, smart factories, and infrastructure projects, including smart cities, transportation, and power generation & transmission.
 
Jaitley defends revision in GDP data; Chidambaram calls it 'hatchet job'
 
As a political row broke out over the back series GDP data, Finance Minister Arun Jaitley Thursday jumped in to defend the downward revision in growth rates during the previous UPA regime, saying the new numbers were reflective of real state of the economy. With his predecessor P Chidambaram calling revised GDP growth rates "a bad joke" and "a hatchet job", Jaitley took the attack to the opposition camp saying the Congress leader had previously welcomed the GDP numbers based on a new series when the data was revised upwards for the last two years of the UPA regime but is now criticising when the same formula has been used to re-state the numbers of previous years. The new numbers show India's economic growth rate averaged 6.7 per cent during the Congress-led UPA regime as compared to 7.3 per cent under the present government.
 
 
 

 


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