Business

Toyota investing $500 mn in Uber to boost self-driving cars


San Francisco, Aug 28: In a major boost to the development and deployment of self-driving vehicles, Japanese multinational automotive maker Toyota has announced that it was investing $500 million in ride-hailing giant Uber.The funding from the Japanese car making giant, which values Uber at more than $70 billion, would see the two companies work...

Indian firms lead IT transformation in Asia: Dell EMC


New Delhi, Aug 28: When it comes to IT transformation, 17 per cent of organisations in India have achieved the fully Transformed status -- a much higher percentage than was observed in other Asian countries researched (4 per cent), a Dell EMC study said on Tuesday.Respondents at the transformed companies in India were 8.5...

Steel Minister inaugurates corporate sports policy


New Delhi, Aug 27: In an effort to tap potential medal hopes for the 2024 Paris Olympics, Union Steel Minister Chaudhary Birender Singh launched a corporate sports policy here on Monday.The sports policy is aimed at providing a framework for Central Public Sector Enterprises (CPSE) under the steel ministry for their sports promotion besides...

RBI deadline ends on finalising NPAs’ resolution


Mumbai, Aug 27: A major deadline in the process of resolving the country's most pressing corporate and banking problem of NPAs, or bad loans, is ending on Monday with the RBI having set a six-month time frame for finalising resolution plans for around 70 large stressed accounts worth over Rs 3.8 lakh crore.In a...

RCOM completes sale of fiber assets to RJIO


Mumbai, Aug 27: Reliance Communications (RCOM) has completed the sale of its fiber and related infrastructure assets, worth Rs 3,000 crore, to Reliance Jio Infocomm Limited (RJIO).According to the company, the transaction covers fiber assets of over 178,000 km across India. With the successful completion of the fiber monetisation transaction, 178,000 km of fiber stand...

SpiceJet operates India’s first flight partially powered by bio-fuel


New Delhi/Dehradun, Aug 27: Budget passenger carrier SpiceJet on Monday successfully operated India's first test flight partially powered by bio-fuel.A concoction of bio-fuel mixed with aviation turbine fuel (ATF) powered a SpiceJet's Q400 flight which was flew on Monday. The flight took off from Dehradun to Delhi. It was received by Cabinet ministers and airline...

Sensex breaches 36,700-mark; Nifty touches 11,700 point


Mumbai, Aug 27: The key Indian equity indices -- SP BSE Sensex and the NSE Nifty50 -- crossed the psychological marks of 36,700 points and 11,700 points for the first time on Monday before closing the day's trade just below the landmark levels.Supported by firm global cues, the Sensex and the Nifty 50 touched...

Airtel offers free Netflix access for 3 months in select plans


New Delhi, Aug 27: Telecom major Airtel on Monday announced free three month access of the online video streaming platform Netflix for select Airtel postpaid and V-Fiber Broadband plans.Airtel would announce details of eligible postpaid mobile and home broadband plans over the coming weeks, a statement from Airtel said. According to the statement, customers using...

Tech Mahindra teams up with Microsoft to curb spam calls


New Delhi, Aug 27: Software major Tech Mahindra on Monday announced its partnership with Microsoft to create a Blockchain-based solution to fight the spam call menace.According to the Telecom Regulatory Authority of India (TRAI), unsolicited commercial communication (UCC) or spam calls are a major nuisance to telecom subscribers across the country. TRAI has been...