Reliance acquires majority stake in US smart mobility firm SkyTran

SkyTran has developed a patented, high-speed elevated personal rapid transit system that accommodates two-person jet-like pods and operating with magnetic levitation technology along computer-controlled network

Brother, sister duo invents low-cost solution for preserving vegetables and fruits

Sabjikothi is a wheel mountable storage for transportation of fresh fruits and vegetables, which is a cost-effective, microclimate based, portable storage that extends the shelf-life and preserve the freshness of fruits and vegetables anywhere between 5 to 30 days

PSLV-C51 successfully launches Amazonia-1 and 18 other satellites

Besides the Brazilian earth observation satellite, Amazonia-1, the first dedicated commercial launch included 14 satellites from New Space India Limited (NSIL) and four from IN-SPACe, both promoted by the Department of Space

India's GDP swings back with a 0.4% growth in Q3 FY21

Revised estimates for the major subsidies (especially food subsidies) have more than doubled from Rs2,27,000 crore in BE 2020-21 to Rs5.95,0000 crore, as per Budget 2021-22

India notifies guidelines and code of ethics for social media

The new set of guidelines and rules follow increasing instances of misuse of social media by criminals and anti-national elements that have brought new challenges for law enforcement agencies

RIL to spin off O2C business ahead of stake sale to Saudi Aramco

The demerger of the O2C business is part of Mukesh Ambani’s `RIL 2.0’ strategy and involves both monetisation and rebranding with focus on the future

Nasa's Mars Perseverance rover safely lands on the Red Planet

While the rover will investigate the rock and sediment of Jezero’s ancient lakebed and river delta to determine the region’s geology and past climate, the sample that is being planned to be brought back to earth, will allow scientists to search for definitive signs of past life on the Red Planet

Amazon has been dodging India's regulators all the while: report

While Amazon has been harping on its more than $5.5 billion investment in India and how it provided an online platform for 400,000-plus Indian sellers, in reality, some 33 Amazon sellers accounted for about a third of the value of all goods sold on the company’s website

Tata Group to acquire BigBasket in Rs 9,500-cr deal

The acquisition would help the Tata Group significantly expand its consumer facing businesses, and bring more consumer products and services, including food, grocery, consumer durables, jewelry, financial services etc, on one platform



Shaping the post-pandemic economy, a global perspective

Apart from aggravating the problem of inequalities among nations the pandemic is creating joblessness within countries and since global policies cannot be tailored to suit the requirements of all individual countries, there cannot be any guarantee that the IMF, or any international institution for that matter, would be able to help bring about a job-lead economic recovery

Alibi for the Reserve Bank!

Corporates may bring stability to banks they operate, but at the cost of the economy, which could be rendered unstable by the urge to serve themselves

CCI approves Future-Reliance deal

The CCI approval for the Future Group-Reliance Group deal comes as a huge setback for US e-commerce giant Amazon, which is seeking to enforce an arbitration award from a Singapore court restraining the parties from implementing the deal

Cease-fire on the Vaccine Front!

The might of vaccines can be gauged from the fact that newly-listed Chinese pharma company, Beijing Wantai Biological Pharmacy Enterprise, made a $20 billion windfall on an untested vaccine, taking the net worth of Zhong Shanshan, who holds a controlling stake in the company, to $58.7 billion 

Woman at the Helm of Financial Powerhouse Citi

Jane Fraser has been elected to the board of directors of Citigroup, and will take over from Corbat when he retires from Citi and steps down from its board of directors in February 2021

Realty needs government handholding

The real estate sector is perhaps the largest industry in the country in terms of scale and revenue generation and the top employer providing employment to millions directly and to several millions indirectly