India suffered 9% power shortage in 2007-12
During the last five years, ending in 2012, India has witnessed a 9 percent power shortage. An Economic Survey, on February 27, 2013 said, “During the 11th Five Year Plan (2007-12), nearly 55,000 MW of new generation capacity was created….
Orders for durable goods dropped in January 2013
For the first time in five months, the orders for durable goods in the US fell in the month of January 2013. The numbers fell as aircraft orders have plunged. The US Commerce Department said that the numbers fell by…
American Airlines to join hands with US airways
US Airways and American Airlines said on February 21, 2013, that they have planned to join hands to merge in a deal worth $11 billion. The merger will create the largest carrier in the US and will help bring an…
KFC to tighten supplier reviews due to drop in sales
Yum Brands Inc, which is the owner of the popular fast food chain KFC (Kentucky Fried Chicken), has now decided to ramp up its safety and tighten requirements for suppliers in China. The measures were taken so as to win…
Mark Zuckerberg wins CEO of the Year award at Crunchies
At the 6th annual Crunchies awards held at the Davis Symphony Hall in San Francisco, Mark Zuckerberg of Facebook has been awarded ‘The CEO of the year’, leaving behind him big names like Twitter’s Dick Costolo, Yahoo!’s Marissa Mayer and…
Aircraft review of Dreamliner 787 ordered by US regulators
A review of the Dreamliner 787 plane has been ordered by US regulators. The review has been demanded after a series of incidences have raised questions over the safety of the flagship aircraft belonging to Boeing. The Federal Aviation Administration’s…
London Underground celebrates 150th anniversary with new video
The London Underground rail system is celebrating its 150th anniversary, for which a new video has been released. The video shows the early days of the Tube and depicts various scenes from Tube’s 150-year history. The video also includes trains…
Stock gain observed by Kingfisher Airlines as revival plan is announced
Cash-strapped Kingfisher Airlines has put together revival plans on December 24, 2012 and has submitted the same to the director general of civil aviation (DGCA) in a meeting, according to sources. The scrip for the company hit Rs 15.21 on…
Honey Bunny jingle by Idea Cellular becomes popular
Indian telecom giant Idea Cellular is out with a new jingle called ‘Honey Bunny’, which has gone viral across the country. The new tune has been created by the ad agency Lowe Lintas and has caught the attention of several people,…
Tikona Digital to withdraw from 13 Indian cities
Indian internet service provider, Tikona Digital networks has shut down operations in 13 out of a total of 38 cities in the country. The recent move has been taken in efforts to consolidate coverage. Tikona in an email response said,…