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Flipkart-Walmart Like Deal Happens in Pakistan; Alibaba Acquires This Company |
With an aim to expand in the overseas market, Chinese e-commerce giant Alibaba purchased leading Pakistani online retailer Daraz on Wednesday. Following the transaction, the deal would help Alibaba in its plan to capture the growing South Asian consumer market.
Daraz was founded in Pakistan in 2012 and has since grown multifold. The company operates in Bangladesh, Myanmar, Sri Lanka and Nepal. It has 30,000 sellers and 500 brands on its platform. It sells household goods, consumer electronics, sports equipment, groceries and beauty.
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12-May-2018 |
News in Details |
| 2 |
Rafael Nadal breaks John McEnroe's 34-year-old record |
The Spaniard took his winning streak to 50 sets in a row with a 6-3 6-4 win over Diego Schwartzman, the world No.16, in the Madrid Open. |
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12-May-2018 |
News in Details |
| 3 |
Israel launches massive military strike against Iranian targets in Syria |
MOUNT BENTAL, Golan Heights — The Israeli military said it struck dozens of Iran-linked military targets in Syria on Thursday in response to rocket fire, marking a significant escalation in regional hostilities a little more than a day after the United States withdrew from the Iran nuclear deal.
Israel said the attacks followed a volley of rockets directed at Israeli positions in the Golan Heights, which caused no casualties.
The Israeli military blamed the attack on Iran’s Quds Force, a special forces unit affiliated with Iran’s Revolutionary Guard Corps, and said this marked the first time that Iranian forces have fired directly on Israeli troops. |
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12-May-2018 |
News in Details |
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Malaysia's Mahathir Mohamad sworn in after shock comeback victory |
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11-May-2018 |
News in Details |
| 5 |
India celebrates National Technology Day |
India, every year, on May 11 celebrates 'National Technology Day' to mark the anniversary of Shakti. Shakti is a Pokhran nuclear test, which was conducted on May 11, 1998.
Various events such as competitions, quizzes, lecture, interactive sessions, and presentations are organized on the day in different technical institutes and engineering colleges of the nation to mar
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11-May-2018 |
News in Details |
| 6 |
PM Narendra Modi's Nepal visit aimed at healing old wounds, building trust |
- PM Narendra Modi's third visit to Nepal within a period of three years shows his commitment to the neighbourhood first policy
- He will call on Nepal President, vice-president and hold bilateral talks with his Nepalese counterpart
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11-May-2018 |
News in Details |
| 7 |
Nisha Bhalla conferred with 'WEF 2018' award |
Mumbai (Maharashtra) [India], May 8 (NewsVoir): Women Economic Forum is the largest global gathering of women entrepreneurs and leaders worldwide. This annual event recognises the most successful women across all fields, with guests like Nobel laureate Ouided Bouchamaoui.
Nisha Bhalla, a 46-year-old holistic coach and consultant from Mumbai was felicitated at the recently concluded Annual WEF 2018 Awards, where she also spoke about 'Economics of Goodness in Giving and Philanthropy'. The event was held at Vivanta by Taj, Dwarka in Delhi from April 26 to May 1. Nisha was presented the 'Excellent Woman of Excellence' award for her spiritual service at the event on April 28. |
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10-May-2018 |
News in Details |
| 8 |
China launches Gaofen-5 hyperspectral imaging satellite for atmospheric research |
On 9 May 2018, at 2:28am, China launched Gaofen-5 (GF-5), a remote sensing satellite meant to conduct scientific research on the earth’s atmosphere. The launch took place using the Long March 4C, a three-stage rocket that can put 4,200kg into Low Earth Orbit (LEO), from Taiyuan Satellite Launch Centre in Shanxi province.
GF-5 was developed by the China Aerospace Science and Technology Corporation (CASC), and has a liftoff mass of 2700kg and a design life of 8 years. The satellite, which is China’s first high-resolution satellite for atmospheric observation, is also the first hyperspectral imaging satellite developed by China. |
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10-May-2018 |
News in Details |
| 9 |
World Robot Conference to be held in Beijing |
BEIJING, May 8 (Xinhua) -- The 2018 World Robot Conference will be held in Beijing from Aug. 15 to 19, authorities said Tuesday.
The event will see more than 12,000 competing teams from more than 10 countries and regions take part. More than 50,000 participants are expected to attend.
A robot competition will be held during the conference. Participants will compete in five categories in the competition. |
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10-May-2018 |
News in Details |
| 10 |
India fastest growing economy at 7.4% in 2018, Bangladesh ranks 2nd: IMF |
The International Monetary on Wednesday said that Indian economy would be the fastest growing major economy in 2018. The IMF said that with a growth rate of 7.4 per cent that rises to 7.8 per cent in 2019, the prospects for Indian economy are bright.
In its Asia and Pacific Regional Economic Outlook report, IMF said that India was recovering from the impact of demonetization and GST roll out and "the recovery is expected to be underpinned by a rebound from transitory shocks as well as robust private consumption." |
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10-May-2018 |
News in Details |