NEW YORK - Amazon on Tuesday became the second US public company after Apple to hit the $1 trillion valuation mark. Last month, Apple became the first US company to become a $1 trillion company. According to a report in CBS News, Amazon shares hit $2,050.49 -- climbing 1.5 per cent in the morning trade -- bringing the company's market value above $1 trillion. Amazon Founder Jeff Bezos is already the richest person on Earth, 

WASHINGTON - Using data from a NASA instrument aboard the Chandrayaan-1 spacecraft, a team of scientists has confirmed there is water ice on the surface of the Moon. In the darkest and coldest parts of Moon's polar regions, the team led by Shuai Li of the University of Hawaii and Brown University for the first time directly observed definitive evidence of water ice on the Moon's surface.

BEIJING - India plans to launch an "Understanding India" programme in China to "demystify" the country and create a better understanding of it. Despite being immediate neighbours, India and China lack people-to-people contact and cultural exchange. Indian Council of Cultural Relations President Vinay Sahasrabuddhe, who was in Beijing to attend the World Congress of Philosophy, said that by watching Bollywood and...

MOSCOW - Russia-US confrontation is extending to the economic and trade field as Washington is poised to slap new and powerful sanctions in a move Moscow views as the declaration of an "economic war". The US State Department said on Wednesday that Washington will impose new sanctions on Russia on or around August 22 over the alleged poison attack on ex-Russian spy Sergei Skripal...

ISLAMABAD - Pakistan Tehreek-e-Insaf (PTI) chairman and Prime Minister in-waiting Imran Khan has said that his party wants to build a relationship with the US based on trust and mutual respect. Speaking to Acting US Ambassador to Pakistan John F. Hoover who called on him at his Banigala residence on Wednesday, the cricketer-turned-politician said Pakistan and the US had witnessed many ups and downs which were the outcome...

MUMBAI -  Indian origin business executive Indra K. Nooyi will step down as the Chief Executive of global food and beverages major PepsiCo, Inc. in October, the company said on Monday. According to the US-based multinational, its Board of Directors has unanimously elected Ramon Laguarta, 54, to succeed Nooyi, 62, as Chief Executive Officer.  However, Nooyi will remain the Chairman of the company until early 2019.

MUMBAI - US-based motorcycle major Harley-Davidson on Monday said that it is developing a "small-displacement motorcycle" for India and other Asia markets. According to the details of its growth plan through 2022 -- More Roads to Harley-Davidson -- among other initiatives, the company is developing a "more accessible, small-displacement" 250 cc to 500 cc motorcycle for Asia's emerging markets through a planned strategic alliance...

LONDON - UK's data protection watchdog plans to slap a fine of 500,000 pounds ($662,501) on Facebook over the Cambridge Analytica data leak scandal. This is the highest permitted fine under Britain's data protection law. In its investigation, the Information Commissioner's Office (ICO) found that Facebook broke British law by failing to safeguard people's information, and by not revealing how people's data was harvested by others.

WASHINGTON,D.C. - A group of 52 Indians, mostly Sikhs, has been held at a detention centre in Oregon for being part of a large contingent of illegal immigrants seeking asylum, an American lawmaker has said. The Indians form the largest group of detainees in the total 123 illegal immigrants being held at a facility in Sheridan. The detention centre was recently visited by a group of Democratic lawmakers from  Oregon,