Business

22 Jul

HP unveils Powerhouse Gaming Portfolio

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HP unveiled new OMEN Laptops and accessories, updates to OMEN Command Center, and introduced the first 16” Pavilion Gaming Laptop – all designed for today’s gamer to play their best while pushing the limits of what their devices can do. It offers ‘First of its kind’ hardware technologies in the industry enabling Gameplay experience to the next level and offer unmatched power without any compromise. Gaming benefits are being unlocked as people are spending more time at home, uncovering new avenues for both entertainment and general well-being. Speaking on the occasion, Mr Vickram Bedi, Senior Director, Personal Systems, HP India…

22 Jul

Glenmark’s reply against allegations

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In reply to a letter regarding representation by a Member of Parliament, Mr Anurag Khera (Sr. Vice-president-Corporate Affairs) of Glenmark Pharmaceuticals Limited sent a letter to Dr VG Somani, Director General of Health Services, Central Drugs Standard Control Organisation, clarifying its stand on the product Favipiravir tablets (200mg) manufactured and marketed by Glenmark that was granted permission by the latter’s office. In its reply Glenmark said, compared to other therapies approved for emergency use in COVID-19, Favipiravir (FabiFlu) is much more economical and an effective treatment option. The estimated total cost of therapy for full course with Favipiravir is Rs…

21 Jul

SsangYong E100 (Tivoli EV) electric SUV teased.

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Mahindra-backed Korean carmaker SsangYong revealed teaser images of E100 (Tivoli EV), which is likely to make for eXUV300 in India.M&M showcased the concept of eXUV300 electric SUV at the Auto Expo. SsangYong Tivoli, sold in the global market, shares its same platform with XUV300. The electric subcompact SUV is scheduled to be launched in the first half of 2021. Mahindra had also informed a similar timeline for the launch of eXUV300. The overall design is based on a streamlined line that reflects aerodynamics optimized for urban driving. Aluminum hood was applied to lighten weight and optimize the center of gravity…

21 Jul

Corona vaccine hopes drive Indian stocks higher for the fifth session

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Indian stocks closed higher for a fifth straight session on Tuesday, hitting a more than four-month peak, as hopes for a COVID-19 vaccine being available as early as this year offset fears over surging domestic coronavirus cases. The NSE Nifty 50 index closed up 1.27% at 11,162.25, while the benchmark S&P BSE Sensex ended 1.37% higher at 37,930.33, led by financial and energy stocks. Stock markets across the world rallied on a European Union stimulus package to counter the economic impact of the pandemic and on hopes that vaccines against the COVID-19 disease might be ready by the end of…

21 Jul

Nokia originates 5G networks for industrial clients

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Nokia rolled out on Tuesday new 5G stand-alone wireless networks for industrial clients and unveiled an order to build one for mining technology firm Sandvik at its site in Tampere, Finland. "We're paving the way to accelerate digitalization in the most demanding of use cases such as automotive manufacturing, where cloud, robotics and autonomous machine operations create mission-critical demands for reliable low latency and high data rates," said Raghav Sahgal, head of Nokia's Enterprise unit. Mobile technologies' role in manufacturing industries is growing fast and, with stand-alone networks, industrial clients are becoming independent in their onsite connection needs.

20 Jul

Restaurant chain Zizzi and Ask Italian closing 75 branches

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The owner of Zizzi and Ask Italian restaurant chains said it will close 75 locations, risking the loss of up to 1,200 jobs. Azzurri Group, which also owns the Coco Di Mama pasta chain, has been sold out of administration to TowerBrook Capital Partners. The move will keep 225 shops and restaurants open and maintain about 5,000 jobs. The company said the coronavirus had hit restaurants hard. "The Covid-19 crisis has had a profound impact on the casual dining sector, bringing many businesses like ours to a standstill," said Steve Holmes, chief executive of Azzurri Group. "Despite being a successful…

20 Jul

Goldsmith designs gold masks, silver wires in Coimbatore

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A Coimbatore-based goldsmith has designed masks using gold and silver threads. Radhakrishnan Sundaram Acharya, who belongs to a family of goldsmiths, has designed the masks using 0.06 millimeters thin gold and silver threads. “The gold mask has been made using 18-carat gold which costs Rs 2.75 lakh and the silver mask costs Rs 15,000,” Acharya said. Acharya told ANI that the main reason behind designing the mask is to create awareness about the need to wear these during the COVID-19 pandemic. “I’m aware that a common man cannot afford to wear these masks, but rich people can use them for…

20 Jul

NSE Knowledge Hub and Fintso partnership

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For educating, skill-development and training of financial intermediaries, NSE Academy and Fintso announced a tie-up that is aimed towards equipping them to enhance their offerings, besides certification courses to become registered advisors. The tie-up also involves co-creating content and holding investor education forums for the clients of the intermediaries. This is a critical thrust of NSE Academy, addressing the low Financial awareness across the investment community, especially given the rise in savings, and first-time investors. As a part of this tie-up, Fintso will help co-create training programs and education camps for their clients that are based on requirements identified through…

19 Jul

Best broadband plans from Reliance Jio, Airtel, and many others that are under under ₹1,000.

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Work from home and online education is the new normal for most of us. Not just this, the need to be home unless stepping out is absolutely essential too has increased our dependence on online platforms for recreation, communication, shopping as well as several other things. For all this a good broadband connection is critical. Here are monthly broadband plans from Airtel, Tata Sky, BSNL, Reliance Jio and others under Rs 1,000. JioFiber Silver monthly plan - ₹849 Reliance JioFiber’s ₹849 Silver monthly plan is one of the best broadband plans offered by the company under ₹1,000. It offers a…

19 Jul

Covid-19 ‘effect’ least on Apple in India, says Canalys report.

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There aren’t many industries around the world that haven’t felt a crippling effect because of the ongoing coronavirus pandemic. Smartphones are no different and with lockdown conditions, economic instability, it seems like people haven’t been buying smartphones like they used to. According to a report by research firm Canalys, smartphone shipments in India fell 48% in Q2 2020, to 17.3 million units. Almost every brand saw a decline in their shipments. However, the least impacted of all the major smartphone brands was Apple. As per the Canalys report, Apple was the least impacted among the top-10 vendors as shipments fell…