ICICI Bank has announced its association with Chinese e-commerce giant Alibaba.com for the launch of a trade facilitation centre, a single window facility to provide easier trade finance to the small and medium enterprises (SMEs) in India.
The collaboration for the centre will enable the Indian entrepreneurs, who are members of Alibaba.com, to get quick access to an array of integrated business services from ICICI Bank including business loans, cash management solutions, foreign exchange (forex) transactions, bank guarantees and cross-border remittances, in addition to privileges and discounts.
Hero Group Forays into Electronics
The Hero Group has forayed into the electronics sector with the formation of a new company Hero Electronix' and plans to invest Rs. 500 crore for the purpose in the next few years.
As per reports, as its first strategic initiative, Hero Electronix will acquire a majority shareholding in Mybox Technologies, the multi-operator manufacturer of set top boxes in the country.
Hero Electronix will add associated business lines to its portfolio over the next few years and help India develop a much needed sustainable electronics ecosystem.
NASA's Curiosity rover has found a pyramid-like structure on the Red Planet.
This image that bears an uncanny resemblance to the Great Pyramid in Egypt was captured by Mastcam: Right on-board NASA's Mars rover Curiosity.
Estimated to be the size of a small car, it could also be the capstone of a much larger pyramid buried beneath the Martian sand.
Lakes' Found on Saturn's moon Titan
A study using data from the joint NASA and the European Space Agency (ESA) Cassini mission suggests the Saturn moon Titan's surface indentation that is similar to creation of sinkholes on the Earth.
Apart from the Earth, Titan is the only body in the solar system known to possess surface lakes and seas.
Diego Maradona Confirms Run for the FIFA Presidency
Football legend Diego Maradona has confirmed that he intends to run for the FIFA presidency to succeed Sepp Blatter.
Maradona, has been a fierce critic of Blatter, and the former Argentina captain and manager has now decided to stand for the most powerful position in the football world.
Gujarat, which remained the undisputed leader in solar energy generation in the country, has finally been left behind by its close rival Rajasthan.
According to data released in June 2015, Rajasthan has grabbed the number one position in the country with an installed capacity of 1,167 MW against Gujarat's 1,000 MW.
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