Category Archives: Business

Tata Motors Shareholders approve hiving off passenger vehicle business into new entity

Tata Motors Shareholders approve hiving off passenger vehicle business into new entity

The shareholders of Tata motors company voted to consider and approve the transfer of the passenger vehicles business unit to TML Business Analytics Services Ltd, as a going concern on a slump sale basis for a lump sum consideration. The company said that its passenger vehicles business has been valued at Rs 9,417 crores. In […]

Public and Private Banking Opportunities to fuel up in India and the US

There is an obvious irony of the recent developments in the banking system in India and the United States. Stimulated by a lack of financial inclusion, the public banking movement in the United States, a stronghold of free markets, is steadily gaining momentum. By comparison, India, a prime example of state interference and government-owned banking […]

Microsoft Email Hacked,EU Banking Regulator targeted

The European Banking Authority, a key EU financial regulator claims it has been hacked into its Microsoft email system which Microsoft attributes to a Chinese party. Microsoft announced last week that a state sponsored organisation based in China was leveraging previously undisclosed security attack in its Exchange email services to steal data from thousands of […]

Monitor, aid implementing agencies to achieve 175 GW renewable energy by 2022

The Parliamentary Standing Committee on Energy said, “The ministry (MNRE) should ensure continuous real-time monitoring of the working of the implementing agencies, support them vigorously in sorting out the glitches and take corrective action so that the physical targets set for the FY22 under various heads of the grant are successfully achieved.” For the year […]

Google announces $25mn funds for Indian women entrepreneurs

As part of its Women Will event on Monday, global technology firm Google revealed a slew of initiatives for women in India. Sundar Pichai, the CEO of Google, announced a $25 million impact fund, funding for one million women entrepreneurs in rural India, and a $500,000 grant in collaboration with the tech industry lobby NASSCOM. […]

Industry and government are scaling up voice-driven services to communicate with the masses

Voice-based services have been ramped up by customer-facing companies and government agencies, in an attempt to save time, money, and connect more proactively with the population of smaller communities. Flipkart, a Walmart-owned e-commerce firm, and Bharti Airtel Ltd, a telecom operator, have recently added voice search to their apps in English and Hindi. Axis Bank […]

Safety First: Government Makes Dual Airbags Mandatory

In the latest notification issued by the Ministry of Road Transport and Highways, the central government has made dual front airbags as a standard fitment, which is an important safety mandate based on the suggestions of the Supreme Court Committee on Road Safety. All new cars manufactured on and after 1st April 2021 will be […]

Eagle-inspired robot flies by flapping its feather-covered wings

For the first time in the history, a robotic bird with flapping wings covered in real feathers has flown. The main intention of this might be to provide insights into how real birds fly or to create stealthy drones that look like wildlife. Researchers from the University of Guangxi in China and Bee-eater Technology firm […]

UK-India cooperation helps fix global problems: British Government

The British government said on Monday during a passionate debate in Parliament complex on the subject of peaceful protests and press freedoms in India, that India and the UK together serve as a force for good in the UN Security Council and bilateral cooperation between the two countries helps solve many global problems. Foreign, Commonwealth […]

Saudi Arabian oil site attacked, increment seen in oil prices above $70

Saudi Arabia has said some of the world’s most secured oil infrastructure has been hit, while rising regional hostility has sent crude prices. The attack on Sunday has been seized, says Saudi Arabia, and oil extraction appears unaffected. But the latest Iran-backed Houthi attacks, pushed oil prices to more than $70 a barrel for the […]