India

29 Aug

Aditya-L1 Mission to be Launched At 11:50 AM on September 2

Priyanka BhowmickBusiness, BUSINESS, IndiaBusiness

Vikram and Pragyan, Chandrayaan-3 lander and rover, continue science on the moon, ISRO has set the launch date for its solar mission - September 2 at 11.50 am.The agency completed the integration of the Aditya-L1 spacecraft – India's first solar observation mission – with its workhorse launch vehicle, PSLV, at Sriharikota. Vikram Sarabhai Space Center Director S Unnikrishnan Nair told TOI that with this, ISRO has entered the final stages of launch preparations. “Launch vehicles and spacecraft are integrated. Now, we are conducting tests after which the PSLV will be moved to the launchpad.” The spacecraft, realized at the UR…

29 Aug

Nitin Gadkari to unveil world’s first ethanol-powered Toyota Innova

Priyanka BhowmickBusiness, IndiaBusiness, india

Union Minister Nitin Gadkari will today launch the world's first BS-VI (Stage-II), electric flex-fuel vehicle in India to use alternative fuels like hydrogen, flex-fuel, biofuel etc. and reduce the country's dependence on traditional fuels sources. The new 100% ethanol-fueled variant of Toyota's Innova will be launched today and will run on 100 percent ethanol. The vehicle will be the world's first BS-VI (Stage-II), electrified flex-fuel vehicle. It would also produce 40 percent of the electricity, making ethanol much cheaper to use. Gadkari launched a hydrogen-powered car in 2022, the Toyota Mirai EV. The vehicle was launched as a pilot project…

28 Aug

Reliance Retail launches youth fashion retail brand ‘Yousta’

Priyanka BhowmickBusiness, IndiaBusiness, india

In January, ET reported that Reliance Retail was planning to launch a value apparel format to directly compete with Tata's Zudio, Landmark Group-owned Max, and Shoppers Stop's new mass-value brand InTune. All products on Yousta are priced below Rs 999, with most priced below Rs 499. Akhilesh Prasad, President and CEO, of Fashion & Lifestyle, Reliance Retail said, “The team will continue to work with India's younger generation to understand their evolving fashion needs." Experts say India's consumption structure has been skewed in the past to a narrow base of affluent consumers who account for a large share of the…

27 Aug

At least 160 flights cancelled at Delhi airport on Sept 8-10 in light of G20 Summit

Business CorrespondentIndia

G20 summit which is scheduled to be held on 9th and 10th of September in New Delhi has led to the cancellation of around 160 domestic flights (80 departing and 80 arriving) from and to Delhi's Indira Gandhi International airport. The airport officials confirmed that the decision was not taken due to limited parking as there are ample space to park flights but traffic restrictions are the reason behind this decision. The international flights will remain unaffected. The decision was taken in the backdrop of high traffic jam in Delhi-NCR. And it will be valid from 8th to 10th of…

26 Aug

IIT Bombay Receives Rs 153 Crore Donation From Anonymous Alumnus

Business CorrespondentIndia

IIT Bombay has accepted a donation of USD 18.6 million made by an alumnus. The amount was offered for the establishment of a Green Energy and Sustainability Research Hub. However, the identity of the alumuns has been keep secret as per his/her choice. The contribution will definitely help the institution to focus on the global climate crisis. The hub will be constructed within a state-of-the-art academic building on the the premises of the institute. The focus will be made on the critical areas such as evaluating climate risks,developing effective mitigation strategies, climate change adaptation, and comprehensive environmental monitoring.

25 Aug

IAF plans to order around 100 more LCA Mark-1A fighter jets

Priyanka BhowmickIndia, Tech Byte, Technologyindia

The Indian Air Force (IAF) will place an order for around 100 additional Light Combat Aircraft (LCA) Tejas Mark-1A fighter jets from Hindustan Aeronautics Limited (HAL), senior defense officials told India Today. The decision to buy 100 more Tejas Mark-1A fighters to replace the aging fleet of MiG-21 fighter aircraft is expected to boost the domestic aerospace industry. Officials also added that proposals for the projects have been submitted to the Ministry of Defense and clearance for orders is expected in the near future. 300 Tejas Mark-1A fighter jets are going to be inducted into the Indian Air Force in…

25 Aug

RIL and Oberoi to co-manage three iconic hospitality projects

Priyanka BhowmickBusiness, IndiaBusiness, india

Reliance Industries will co-operate on three hospitality projects with Oberoi Hotels and Resorts (Oberoi), the company announced on Thursday. These include the upcoming Anant Vilas Hotel at Bandra Kurla Complex (BKC) in Mumbai, Stoke Park in the UK, and another planned project in Gujarat. As part of the luxury 'Villas' portfolio managed by Oberoi, Mumbai Anant Vilas is envisioned as the first metro-centric property located in the Bandra Kurla complex which is identified as a bustling business district. The said location is becoming a mixed-use destination with business, hospitality, shopping, F&B, arts and culture, educational and residential uses. "Anant Vilas…

24 Aug

‘Moon meetha karo’: Amul’s heartwarming salute to Chandrayaan-3 success wins internet

Business CorrespondentBUSINESS, India

India becomes the first country to land on Moon's South pole region, as the spacecraft Chandrayaan-3 safely reached a destination which it started on 14th of july. Celebrating the success, Gujarat-based dairy brand Amul, has designed an innovative image depicting an Amul girl who is dressed in a red polka dotted frock and holding an Indian flag in her right hand. "Moon meetha karo," reads the image caption, referring to Indians' habit of sharing desserts on every congratulatory occasion. "For launch and dinner," Amul added in another display of wordplay. Not just this, expressing their appreciation further, the Amul team…

24 Aug

WhatsApp to allow users to create groups without naming them: Reports

Priyanka BhowmickBusiness, IndiaBusiness, india

Meta CEO Mark Zuckerberg today announced a new feature for WhatsApp that allows users to create groups without names. In a recent Facebook post, Zuckerberg said the functionality could come in handy when you're in a rush and don't have the time or bandwidth to name a group. Also, a nameless group with up to 6 participants will now be dynamically named based on who is in the group. For example, if there are two participants in a group called 'Mat' and 'Lupin', WhatsApp will automatically label the conversation as 'Matt and Lupin'. WhatsApp explains that the feature protects user…

24 Aug

India may ban sugar exports for first time in 7 years: Reuters reports

Priyanka BhowmickBusiness, IndiaBusiness, india

India may ban sugar exports for the next season, which starts in October, due to reduced sugarcane yields due to insufficient rains, Reuters news agency reported, citing three government sources. The expected move follows a lack of rains affecting the top sugarcane-producing regions, with monsoon rainfall in Maharashtra and Karnataka 50 percent below average. The ban on Indian sugar exports, which has not happened in seven years, could push up global benchmark prices, raising potential inflation in global food markets. The prospect of such a decision comes as India faces concerns over food inflation, with retail inflation hitting a 15-month…