The first ever “neural automation system” will be developed by Tata Consultancy Service. London – 02 October 2015 – A “British mutual financial institution” has entered into a partnership with the “Tata Consultancy ServicesBSE 2.01 %”, one of the major IT firms, which was announced by the latter on...

South Korean electronics giant is trying to start a culture that infuses the Silicon Valley startup culture into a huge multinational conglomerate.   Progress in this aspect is being made primarily due to the setting up of an innovation centre, accelerator,...

Following the Volkswagen emissions scandal, more than two dozen diesel car models made by BMW, Chrysler, General Motors, Land Rover and Mercedes-Benz are being investigated by the U.S. regulator that exposed Volkswagen's rigging of emissions tests to ascertain whether the other car manufacturers...

After a $1.3 billion accounting scandal, Japanese electronics giant Toshiba Corp could lay off staff in its under performing home appliances, TV and PC businesses.   This was said by the chief executive of the company on Thursday adding that the company was on the lookout for a partner for...

Around 500 employees are expected to be laid off by Wal-Mart Stores Inc at its headquarters in Arkansas as part of the retail giant's efforts to pare costs, reports the media. Quoting sources knowledgeable about the company affairs, American media says that the global retail giant is slated to...

C.E.D files a petition for proceeding with its sale of Assets, whereby the company wants to sell ‘substantially’ all of its assets. Bidders are open to name their price. Hoping for relief, the “Cambridge Endoscopic Devices, Inc.” filed an appeal “under chapter 11 of the Bankruptcy Code”. The case...

Global trade for 2015 has been downwardly revised by WTO from its earlier 3.3% to its current 2.8%. A major component of this revision can be attributed to the rapid cooling of the Chinese economy, low prices of oil and commodities as well as falling demand from Brazil. As per the World Trade...

Riding on the first model of its long-awaited Model X electric sports-utility vehicles, analysts are of the opinion that Tesla, which has been facing losses for quite some time, could bounce back into profitability. The car was launched on Tuesday.   This is a milestone of sorts for the...

Anticipating high financial losses following the emission scandal, German auto maker Volkswagen has initiated cost cutting measures as the company reportedly readies itself to face potential business losses. The company has imposed a hiring freeze at its financing business and cut a shift at a...