Miscellany

Miscellany

Continental to invest in clean tech

The Euro 44.4 billion Dax-listed German technology major Continental is investing about Rs 800-Rs 900 crore in low-emission technologies for the world’s fifth largest automotive industry in India over the next two years.

The 10-year-old Continental India is also creating 2,000 jobs as it plans to increase its permanent headcount from the present 8,000 to 10,000 by 2020.

PwC a mouthpiece of e-comM giants: traders

Traders have alleged that Pricewaterhouse Coopers(PwC) is a mouthpiece of global e-commerce giants and that it was misleading the policy makers. It also asked PwC to prove the veracity of the figures mentioned in a "draft analysis report" which had reportedly estimated the impact of the FDI curbs on the sector. However, PwC denied the existence of any such report and termed media reports as incorrect.

Kumbh Mela sends hotel tariffs to sinful heights

The room tariffs in and around the Kumbh Mela site has gone up by more than 100 per cent, as the supply is not able to meet the huge demand for inventory.

Almost 14 crore pilgrims come over the 49 days of celebrations that started this week in Prayagraj. Travel service providers say too limited inventory is available, as the celebrations occur only once in six years. More visitors are expected this time compared to the last Kumbh, as better air, rail and road connectivity is supporting arrivals.

Microsoft to include India in venture fund

Microsoft’s corporate venture fund, M12, said it would extend its investing coverage to India to help entrepreneurs innovate and grow with Microsoft’s reach, expertise and technologies.

Venture capital investments in Indian tech business-to-business (B2B) start-ups have been trending upwards with over $3.09 billion raised in equity funding across 415 deals in 2018, 28 percent more than $ 2.41 bn invested in 2017, as per Tracxn.

CCI dismisses Snapdeal's complaint against KAFF for setting minimum sale price

The Competition Commission on Tuesday dismissed a complaint by e-commerce firm Snapdeal against kitchen appliances maker KAFF with regard to alleged imposition of minimum resale price maintenance (RPM) on its dealers.

The fair trade regulator dismissed the complaint by Jasper lnfotech which owns and operates e-commerce platform Snapdeal as the it did not find any contravention of the Competition Act.

Irdai may get a woman member; 10 in fray

TL Alamelu (in pic),  chairman and managing director (CMD) of Agriculture Insurance Company, is likely to be appointed member (non-life) of the Insurance Regulatory and Development Authority of India (Irdai) in place of PJ Joseph, who retired on January 13.

Arya named USOF head after BharatNet fiasco

Ansuli Arya has been appointed as the new administrator of Universal Service Obligation Fund (USOF) that looks after the funding part of the government telecom projects, a move largely seen as an action by the PMO after the BharatNet project faced delays and poor implementation.

Arya, a 1989 batch IAS officer from the Bihar cadre replaces the current incumbent Sanjay Singh.

Co-living to be a $2b market in four years

The tech enabled co-living market is poised to leap forward and grow multi-fold from a meagre $120 million to $2.2 billion in the next four years.  Well-funded players are expanding fast in top cities, providing higher yields to property owners and reasonably priced rental accommodation for millennials. 

Discovering cowboy culture

It always amuses when rare events find places in our daily life and left an unforgettable memory. Then brace yourself for the month end as cowboys will be sharing their experiences in the form of poetry.

The national cowboy poetry gathering will take place at Elko, Nevada from January 28 to February 3.

One can discover horseman cultures from around the world, learn a traditional skill, dance the two-step, plan for the West's future with ranchers and conservationists, watch home-made films of rural life and meet new friends at the historic Pioneer Saloon.

MacKenzie Bezos may become world’s richest woman after split

As MacKenzie Bezos and Jeff Bezos, parents of Amazon.com, have decided to split after 25 years of marriage, she might become the world’s wealthiest women.

A share of 16 per cent in Amazon.com is ascribed to Bezos, who founded the firm in 1994 after the then-newlyweds left New York City for Seattle.

The pair jointly announced on Wednesday that they plan to divorce, a reminder that the planet’s “richest man” is one half of its richest couple.

Pages