Business

20 Sep

No new Nipah virus cases in Kerala since Sept 16

Priyanka BhowmickBusiness, IndiaBusiness, india

With the Nipah situation under control, the District Disaster Management Department has announced a relaxation of containment zones in nine panchayats of Kozhikode district in Kerala. Shops and establishments in this containment zone can now operate till 8 p.m. as per Nipah protocol. In this containment zone, all banks will be able to operate till 2 p.m. But masks and sanitizers must be used, social distancing must be followed and gatherings must be strictly controlled. Other restrictions will continue until further notice. The Kozhikode District Collector said that those on the contact list and under observation should follow strict restrictions…

20 Sep

Reliance Jio launches AirFiber Wi-Fi service

Priyanka BhowmickBusiness, BUSINESS, IndiaBusiness, india

Launched on Tuesday, Jio AirFiber will come with a bundled offering of 550+ digital television (TV) channels and 14 over-the-top (OTT) apps (apps) and will be cheaper than similar offers launched by rival Airtel. July, the company announced. Aiming to solve the challenges of last-mile connectivity for fiber optic cables, Jio AirFiber will serve as a private WiFi hotspot at home, connected to ultra-high-speed internet using Jio's 5G service. Jio AirFiber will be available for as low as Rs 599 per month, while Jio AirFiber Max will start at Rs 1,499, the company said. Airtel Xstream AirFiber, launched in July,…

18 Sep

IPhone maker Foxconn sims to double India workforce

Priyanka BhowmickBusiness, IndiaBusiness, india

Taiwanese contract maker Foxconn aims to double its workforce and investments in India by next year, the company's Indian representative V Lee told the LinkedIn Post on Sunday. Lee wished Prime Minister Narendra Modi on his 73rd birthday and said the company "aimed to double employment, FDI (foreign direct investment) and business size in India by this time next year". However, he did not give any details about this. Foxconn, one of the iPhone makers and the world's largest contract manufacturer, already has a significant presence in Tamil Nadu where its factories employ over 40,000 people. On September 7, Lee…

16 Sep

Tata Steel to get £500 million from United Kingdom

Priyanka BhowmickBusiness, BUSINESS, IndiaBusiness, india

Tata Steel today said the UK government has agreed to support its planned investment of £1.2 billion to improve infrastructure at its Port Talbot plant.In a media statement issued on Friday, the company is expected to receive a grant of up to £500 million from the UK government. The partnership aims to develop environmentally sustainable steel production and will be the largest investment proposal received by the UK steel industry in decades. "The proposed investment will save significant employment and present a great opportunity to develop a green technology-based industrial ecosystem in South Wales. We look forward to working responsibly…

15 Sep

Land Rover Range Rover Velar facelift launched in India at Rs 94.3 lakh

Priyanka BhowmickBusiness, IndiaBusiness

Land Rover has launched the Range Rover Velar 2023 officially in India. The updated SUV top-spec is available in HSE trim priced at Rs 94.3 lakh (ex-showroom). The Range Rover Velar has received minor cosmetic changes for the 2023 model year. The SUV gets new Pixel LED headlights with integrated LED daytime running lights, redesigned tail lights and an updated rear bumper. The interior has a minimalist look with fewer physical buttons. It comes with a new 11.4-inch curved touchscreen powered Land Rover's Pivi Pro system, 4-zone automatic climate control, a 360-degree camera, powered front seats with heating and ventilation…

14 Sep

Bombay Dyeing to Sell 22-acre Plot for Rs 5,200 Cr to Sumitomo

Priyanka BhowmickBusiness, BUSINESS, IndiaBusiness, india

Wadia Group subsidiary Bombay Dyeing and Manufacturing Company (BMDC) on Wednesday approved a proposal to sell a parcel of around 22 acres of land in Mumbai's Worli to Goisu Realty, a subsidiary of Japanese realty developer Sumitomo, for Rs 5,200 crore. This is Mumbai's biggest land deal in terms of value. The entire transaction with Sumitomo will be completed in two phases with the first phase worth Rs 4,675 crore. The remaining Rs 525 crore will be received by BDMC upon fulfillment of certain conditions and execution and completion of certain contracts for the second phase. The group has currently…

13 Sep

Tim Cook steals the show in Apple’s Ad

Priyanka BhowmickBusiness, IndiaBusiness, india

Apple unveiled its much-awaited iPhone 15 series at the 'Wonderlust' launch event on Tuesday, and naturally, the event has created waves on social media. But before the launch of the iPhone 15 series, Apple CEO Tim Cook stole an ad show. Taking to X (previously on Twitter), Mr Cook shared the video which also features Hollywood actor Octavia Spencer. In the ad, she plays the role of Mother Nature who visits Apple's headquarters in Cupertino, USA. On the other hand, Tim Cook appeared in the ad, showcasing his impressive skills. "At Apple, we believe that climate change is one of…

12 Sep

Threads is actively blocking sensitive search terms like covid

Priyanka BhowmickBusiness, BUSINESS, Health, IndiaBusiness, Health

Instagram's text-based social media platform, Threads, recently came under controversy, as it launched its modified search function on September 8 that blocks searches related to the coronavirus and other pandemic-linked questions, according to a washington post report. Within 24 hours of the last development, the company was in controversy. When users tried threads to search for content related to "COVID" and "Long Covid," they found a blank screen with no search results, with a pop-up linking to the Centers for Disease Control and Prevention website, the report added. Meta confirmed in a statement to The Washington Post that Threads was…

12 Sep

SpiceJet to pay $1.5 mn to Credit Suisse as per court directive

Priyanka BhowmickBusiness, BUSINESS, IndiaBusiness, india

SpiceJet on Monday said it will pay $1.5 million to Credit Suisse as claimed by the Supreme Court.Earlier in the day, the Supreme Court had directed SpiceJet to pay by September 15 in a case related to unpaid dues and warned the budget airline to take unspecified "drastic action" at the next hearing if it fails. One-third of the money is part of the monthly settlement plan spicejet had earlier agreed to with Credit Suisse, and the rest are unpaid dues of the bank which have been deposited since last year after the airline failed to meet the payment schedule.…

09 Sep

NPCI rolls out new voice-enabled payment methods

Priyanka BhowmickBUSINESS, IndiaBusiness, india

National Payments Corporation of India (NPCI) has launched several new payment options on the popular UPI (Unified Payment Interface) platform. Reserve Bank of India (RBI) Governor Shaktikanta Das made these announcements during the Global FinTech Festival. Users can now make voice-commanded UPI payments using Hello! UPI. This feature allows transactions through apps, telecom calls and IoT devices in both Hindi and English. It will soon be available in various regional languages. Conversational payments on UPI and BillPay Connect are the new features of Hello! UPI. This new feature employs AI-enabled transactions to facilitate human-machine interaction. This is expected to expand…