PepsiCo announces its goal to become 'Net Water Positive' by 2030

PepsiCo recently announced that it aspires to become ''Net Water Positive'' by 2030, endeavoring to replenish more water than that used in its company-owned and third-party manufacturing facilities in high water-risk areas. ....

Renault-Nissan asked to pay higher wages for workers at Chennai unit

Nissan Motor Co. has reportedly been ordered to pay additional wages to its workers by an Indian arbitrator despite the company’s objections that higher payouts could make its business ‘unviable in the long run’. The arbi....

Aldi to raise wages and hire 20,000 U.S workers ahead of holiday season

Amidst the somber news of job losses during the COVID-19 pandemic, grocery Chain Aldi announced that it will hire over 20,000 new workers and raise its hourly wage rate in the U.S. as it prepares for the busy holiday season. According to s....

Singtel overturn Q1 loss with improvement in Optus, Airtel performance

Singtel, Singapore's leading telecom operator, recorded an improvement in its performance during the first quarter in comparison to the previous year. Net profit for Q1 2021 was around USD 328 million compared to a loss of USD 14.72 mil....

Tata Motors to launch a mini electric SUV before India’s festive season

Tata Motors Limited is reportedly all set to launch the Hornbill SUV in India by 2021. The mini SUV will be a size lower than the already popular compact SUV, the Tata Nexon. With the new launch, Tata intends to expand its sales network wh....

U.S. House Democrats call for USD 160 billion funding in the EV sector

A coterie of 29 U.S. House Democrats is reportedly asking congressional leaders to allocate an additional USD 160 billion in funding for electric vehicles as a part of the USD 3.5 trillion budget. Presently, a bipartisan USD 1 trillion inf....

Poly Network attackers return nearly half of the $600 Mn stolen funds

Hackers who had stolen over USD 600 million in one of the biggest ever cryptocurrency heists have returned nearly half of the funds. The cybercriminals found and exploited a vulnerability in Poly Network, which is decentralized finance (DeF....

Italian antitrust authority to probe into McDonald's franchise terms

AGCM, Italy's antitrust authority, will investigate the terms and conditions of McDonald's agreements with franchise operators after multiple complaints. AGCM’s action could pose a danger to the U.S. fast-food chain, making i....

Chinese cities begin mass COVID-19 testing amidst surge in Delta cases

China reported an increase in COVID-19 cases at the starting of the third week of its ongoing outbreak, with some cities already starting mass testing to suppress locally transmitted infections. The highly infectious Delta variant has been....

Renault, Geely team up to develop hybrid vehicles for Asian markets

To accelerate its electrification push, France-based automotive giant Groupe Renault has reportedly signed a "framework agreement" with China’s Zhejiang Geely Holding Group Co. Ltd. The duo will work on developing a hybrid v....