Category: Business

China overtakes Japan

China has surpassed Japan to become the world’s second largest economy behind the United States of America according to government figures. Although this was expected, it is now evident that China’s ascendance as a global player is for real and it is the new economic superpower.

This was established on Monday when Japan said that its economy was valued at about $1.28 trillion which was a little below China’s economy that was valued at $1.33. It is now believed that this spurt in China’s economy will last throughout the financial year.

Oracle sues Google

Oracle Corp has sued Google Inc, alleging patent and copyright infringement in the development of the popular Android smartphone software by the latter.
The suit, filed on Thursday in federal court of California, claims that Google “knowingly, directly and repeatedly infringed Oracle’s Java-related intellectual property” in developing Android, Oracle spokeswoman Karen Tillman said in a statement. “This lawsuit seeks appropriate remedies.”

Makemytrip Makes Dream Debut On Nasdaq

MakeMyTrip, one of India’s leading online travel companies, has made a dream debut on the US market with its shares soaring over 90 per cent, hours after its listing on leading American stock exchange, NASDAQ.

“It is fair to say it’s been a fairytale listing for us now,” Deep Kalra, CEO of MakeMyTrip, who rang the NASDAQ opening bell on Thursday to begin trading at the exchange, said. “We are very excited. I don’t think anyone anticipated this.”