Prime Minister Narendra Modi on Friday inaugurated the 750 MW (megawatt) solar project set up at Madhya Pradesh’s Rewa via video-conferencing. The project comprises three solar generating units — 250 MW each — located on a 500-hectare plot inside a solar park.

As India moves to tighten policies on its citizens’ data held and processed by companies such as Facebook, Google and Amazon, it set up the panel last year to make recommendations on the regulation of “non-personal data”. The panel has suggested that India should set up a data regulator and require companies to disclose how … Continue reading ‘Panel proposes new regulator for non-personal data’

Tata Motors on Friday reported a 64 per cent decline in group global wholesales, including that of Jaguar Land Rover (JLR) to 91,594 in June quarter of the current financial year over year-ago. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in Q1FY21 were at 11,598 units, lower by 89 per … Continue reading Tata Motors reports 64% decline in group wholesales

The Supreme Court on Friday decided to use technology more in judicial proceedings keeping in mind the prevailing COVID-19 situation and directed that now court summons and notices can be served on persons through “emails, fax and instant messaging applications” like ‘WhatsApp’.

A top IMF (International Monetary Fund) official has said that there is room for more fiscal support in India in the near term, particularly for vulnerable households and SMEs, given the severity of the country’s economic situation due to the COVID-19 pandemic.

The country’s economy, which witnessed a disruption due to the coronavirus outbreak, has started recovering from June, State Bank of India’s chairman Rajnish Kumar said on Friday.

Pitching for more fiscal support to revive the economy, Hero Enterprises chairman Sunil Kant Munjal on Friday said the overall recovery in the economy may take 2-3 years even as some sectors could see a quicker recovery.

The government has held back the release of complete industrial production data for the second straight month in May in view of the impact of the coronavirus-induced lockdown. The ministry of statistics and programme implementation on Friday released quick estimates of the IIP which showed the index value at 88.4 in May against 53.6 in … Continue reading Govt holds back factory output data for 2nd month

Physical gold sold at a premium in India this week for the first time this year, driven by plunging imports and a near halt in smuggling that offset the impact of high unemployment and a rise in domestic prices across Asia that could deter buyers.

Multiple goods and services tax (GST) rates have now become a bone of contention between hand sanitiser manufacturers and the government. Last month, the Central Economic Intelligence Bureau alerted GST authorities about manufacturers of alcohol-based hand sanitisers paying 12% GST by “wrongly classifying” them as “medicaments”, which attract an 18% levy.

TikTok is under investigation for allegedly violating a settlement reached with US authorities last year that resolved charges the popular app broke rules governing how children’s personal information is treated online.

United Airlines is warning 36,000 employees — nearly half its US staff — they could be furloughed in October, the clearest signal yet of how deeply the virus pandemic is hurting the airline industry.

Equity indices edged higher on Thursday, helped by gains in metal and financial stocks and as focused shifted to the start of corporate earnings. The NSE Nifty index rose 0.43% to 10,756.40, while the benchmark BSE sensex was up 0.53% at 36,519.94.

US electric vehicle maker Tesla Inc is “very close” to achieving level 5 autonomous driving technology, chief executive Elon Musk said on Thursday, referring to the capability to navigate roads without any driver input. Automakers and tech companies including Alphabet Inc Waymo and Uber Technologies are investing billions in the autonomous driving industry.

A group of 58 Indian-origin executives heading various companies across 11 different countries, including the US, Canada and Singapore, collectively employ more than 3.6 million people and account for a combined $1 trillion in revenue, $4 trillion in market capitalisation, according to a list released by a US-based top Indian diaspora organisation.

In a major development, Prime Minister Narendra Modi on Thursday addressed a large gathering at the India Global Week 2020 via video conferencing. The forum focused on India’s trade and foreign investment prospects.