Tag: business

Business

Padma Bhushan Jamshed J Irani Breathed His Last At 86

HT News

Jamshed J Irani, The Steel Man of India and winner of the Padma Bhushan award, breathed his last on October 31, 2022, at 10 PM at TMH (Tata Hospital) in Jamshedpur. Dr. Irani (86) served Tata Steel in various positions till his retirement in 2011. He is survived by his wife Daisy Irani and his three children, Zubin, Niloufer, and Tanaaz.

HIGHLIGHTS

• Tata Steel mourns the death of Jamshed J Irani
• Dr. Irani started his career with Tata Iron and Steel Company in 1968
• He was the winner of many awards including the Lifetime Achievement Award by the Government of India

Who Was Jamshed J Irani?

Jamshed J Irani

Born on June 2, 1936, in Nagpur, Jamshed J Irani was a born scholar. He completed his education in MSc in Geology from Nagpur University in 1958 and went to the University of Sheffield in the UK as a J N Tata scholar where he studied Metallurgy and became a Ph.D. in Metallurgy in 1963.

He first joined the British Iron and Steel Research Association in Sheffield in 1963 but soon returned to India to contribute to nation-building. Here he joined The Tata Iron and Steel Company (now Tata Steel) in 1968 as Assistant to the Director in charge of Research and Development.

At Tata Steel, he held various positions including General Superintendent in 1978, General Manager in 1979, President of Tata Steel in 1985, Joint Managing Director of Tata Steel in 1988, and Managing Director in 1992. He retired as Managing Director in 2001.

He joined the Board of Tata Steel in 1981 and was made a Non-Executive Director from 2001 for a decade. He … Read the rest

Technology

5G Services Are Available In These Cities

HT News

The 5G services have been launched by network providers in selected cities. And it will take them some time to cover the entire country. While Jio promises 5G services by December 2023, Bharti Airtel will do it by March 2024.

10 Highlights Of 5G Services

5G Services
  1. Jio 5G services are available in Delhi, Mumbai, Kolkata, and Varanasi, and Airtel 5G services are started in Delhi, Mumbai, Varanasi, Bengaluru, Chennai, Hyderabad, Nagpur, and Siliguri.
  2. Users will require 5G handsets but there is no need to replace existing SIM to avail of the 5G services.
  3. In the initial phase, 5G networks will provide data at 600 mbps which is at par with professional computers.
  4. Jio will provide 5G services at 1 GBPS to all its customers under the ‘Beta trial’. But experts say that this speed will be available only very close to the mobile stations.
  5. 5G network will enable users to download a 6GB HD movie in 1 minute 25 seconds and a 4K movie in 3 minutes at 600 mbps.
  6. Nokia senior vice president and head of India market Sanjay Malik said that the launch of 5G services would double the average data consumption per user within one and half years.
  7. Indian mobile phone company Lava has announced the cheapest 5G smartphone, LavaBlaze 5G with a 5,000 mAH battery in the price range of ₹ 10,000. It will be launched around Diwali.
  8. Market research and analysis firm TechArc Chief Analyst Faisal Kawoosa said that 5G services would increase the power consumption of mobile devices due to the use of cloud-based applications.
  9. The June 2022 Ericsson Mobility Report shows that 5G services will scale faster than expected and would soon become 40% of all mobile subscriptions by
… Read the rest
Business Technology

Will Toyota Urban Cruise Hyryder Go The Prius Way?

HT News

Japanese carmaker Toyota failed to impress Indian buyers with its pioneering Prius but learned a tough lesson that the buyers will love its hybrids as long as the price is right.

HIGHLIGHTS

• Toyota is gearing to launch its affordable hybrid Urban Cruiser Hyryder
• Toyota will make its hybrids in India to cut the manufacturing cost
• It will partner with Suzuki Motor to develop low-cost mild hybrid technology

Why Was Prius Failed?

Prius, the hybrid version of the Camry sedan, was launched in India in 2013, but the car failed to attract the attention of buyers partly due to its price tag. Its price was more than eight times the annual income of a middle-class family. Toyota discontinued Prius after struggling hard to increase its sales.

Which Is The Upcoming Hybrid Of Toyota?

Toyota Urban Cruise Hyryder

The Urban Cruiser Hyryder, a compact sports-utility vehicle (SUV), will be its first new hybrid to hit Indian roads. It will put Toyota in a comfortable position against popular midsize combustion-engine SUVs made by Hyundai Motor and Kia Motor which dominate the Indian auto market with 18% of car sales. The Indian auto market is the fourth-biggest auto market.

The full hybrid Hyryder will be 31% more fuel efficient than the Hyundai and Kia diesel models that offer an economy of 25 kmpl. Also, Toyota is collaborating with Suzuki to get its hybrid system Suzuki developed for subcompact cars, or one size smaller. Hyryder will be sold by Toyota and Suzuki. In 2023, Toyota will launch its next hybrid which will be a multi-purpose vehicle or people-carrier.

How Will Toyota Reduce The Cost Of Its Hyryder?

Toyota is working on … Read the rest

Business International

How Vehicle Import Plunged Bhutan Into Economic Crisis?

HT News

Bhutan government imposes a moratorium on the import of all vehicles to save its dwindling foreign reserve. But utility vehicles, heavy earthmoving machines, and agriculture machinery are kept out of the moratorium. Bhutan is facing a Sri Lanka-like economic crisis.

HIGHLIGHTS

• Bhutan bans vehicle imports for six months to strengthen its foreign reserves
• It is facing an economic crisis because of the Ukraine war, pandemic, and vehicle import
• It is mandated by its constitution to maintain foreign reserves

What Is The Crisis Situation In Bhutan?

Crisis Situation In Bhutan

The foreign reserves of Bhutan dwindled from $1.46 billion in April 2021 to $970 million at the end of December 2021. The data has been released by the Royal Monetary Authority of Bhutan. Also, the country is following a zero-COVID policy that has barred foreign tourists for the past two years. But the soaring oil and grain prices due to the Ukraine war aggravated the economic crisis in the country.

How Is Vehicle Import Responsible For The Crisis?

According to the daily Kuensel newspaper, vehicle import is the biggest factor in the economic crisis. The newspaper further said that the country imported more than 8000 vehicles till June and that depleted its foreign reserve to a critical level. But now the ministry of finance has put a moratorium on utility vehicles costing more than 1.5 million ngultrums ($20,000) through a notification. But the vehicles used for the promotion of tourism are exempted.

What Does Bhutan Constitution Say About Foreign Reserves?

Bhutan Constitution Say About Foreign Reserves

The constitution makes it mandatory to maintain reserves for at least 12 months of imports. The moratorium comes into force from Friday and will remain effective for six months. The government will … Read the rest

Business Today's Special

Google Shows ‘India Ki Udaan’ On 75 Years of Independence

HT News

Google Arts & Culture is celebrating 75 years of Independence with a vibrant online project named ‘India ki Udaan’. The project draws from rich archives and features artistic illustrations to highlight the milestones the country has achieved in its journey of 75 years.

HIGHLIGHTS

• Google unveiled the “India ki Udaan” project to celebrate 75 years of independence
• It also announced the Doodle4Google contest for 2022 for students of classes 1-10
• Winners of the contest will see their artwork on the Google homepage in India on November 14
• Google will select four group winners and 15 finalists and give them exciting prizes
• The tech giant will also create a special doodle on ‘Har Ghar Tiranga’ to encourage people’s participation

What Is ‘India ki Udaan’ Project?

India Ki Udaan’ On 75 Years of Independence

Available on the website of Google Arts & Culture, the project is a tribute to India’s rich cultural history. It features iconic moments since independence for the country to relive, experience, and be inspired.

Published in English and Hindi, the project contains a wealth of knowledge created by 10 artists. There are over 120 illustrations, 21 stories, and exhibitions from various institutions especially the Ministry of Tourism, Museum of Art & Photography, Heritage Directorate of the Indian Railways, the Indian Academy of Sciences, and Dastkari Haat Samiti.

What is Doodle4Google 2022 Contest?

Themed ‘In the next 25 years, my India will….’, is an open contest for students of classes 1-10. Google has announced a cash prize of ₹ 5,00,000 college scholarship, a ₹ 2,00,000 technology package for their school/non-profit organization, a recognition of achievement, Google hardware, and fun Google collectibles for the winner. Also, the winning Doodle will be featured on … Read the rest

International News & Politics

How Did Elon Musk Help Etsy Shares?

HT News

In what was just another incident of wild, speculative trading in stock market, Etsy witnessed a huge jump in its share. Its stock recorded a 9% increase in premarket trading after Tesla chief Elon Musk tweeted to favor Etsy.

What did Elon Musk tweet?

I kinda love Etsy was all Elon Musk had to say about the ecommerce giant. And this tweet sent Etsy shares in ascending mode. The e-commerce company that recorded little growth in premarket prior to Musk’s tweet saw its shares moving up soon after the tweet was published. According to experts, the tweet could help Etsy achieve the highest spot in the S&P 500 when markets open.

What is the effect musk’s tweet?

Elon Musk is no stranger to investors and he has a history of influencing stock prices especially about Tesla. He uses bold statements on the social media to make his company’s share jump and investors take his opinions seriously. It is exactly what happened with Etsy shares that saw a big jump following Musk’s tweet.

What did Musk say last year?

In a similar incident last year, Elon Musk sent Tesla shares high. He simply made a statement that Tesla stock was “too high” and his simple observation about Tesla sent its shares even higher a week later.

About Etsy

Etsy shares saw 313% increase in the past 12 months as the ecommerce website emerged victorious in the pandemic time. It helped small and medium businesses connect with their customers during lockdown period when most companies were shut for business.

Source:- https://nbcnews.to/2KPTdua

… Read the rest

Business News & Politics

Get Rs. 2 Lakh Accidental Cover At Rs. 12 Under PMSBY

HT News

Pradhan Mantri Suraksha Bima Yojna (PMSBY) is offering accidental insurance at Rs. 12 to the poor and low-income group people. The security cover is for one year but it can be renewed every year. Run by government of India, the scheme covers accidental death and disability.

Low cost PMSBY

People aged between 18-70 years of age with savings accounts can take advantage of this insurance scheme. The scheme covers accidental death including murder and disability. But temporary and partial disabilities aren’t covered under the insurance.

Highlights of PMSBY

• Rs. 2 lakh insurance for death due to accident and permanent total disability. Rs. 1 lakh for permanent partial disability.

• Permanent disability could be loss of a limb or vision in both eyes or even in one eye.

• The insured persons are allowed to quit the scheme at any time they want.

• Like other insurance policies, PMSBY also allows the nominee or the next of the kin of the deceased to collect the insurance amount.

• The insurance cover is provided at a much lower cost in comparison to other insurance policies.

• The insured persons can allow auto debit of the insurance amount from the bank accounts. The auto debit service will remove the need of paperwork.

Source: https://bit.ly/3e108K0

… Read the rest