Technology

Panel probing deadly south Indian gas leak finds LG Polymers negligent

Indian News       Jul 06, 2020

  CHENNAI:  A committee probing a gas leak at an LG Polymers-run plant in southern India that killed 12 has found the company was negligent and had no preventive mechanisms or warning systems, an Indian state government said on Monday.   Toxic styrene gas leaked from the...

Govt may appoint ecommerce regulator; impose stricter rules on Google, Amazon: Report

Indian News       Jul 06, 2020

  New Delhi: The government may impose stricter conditions on foreign internet companies such as Amazon, Google and Facebook.   The draft ecommerce policy also proposes appointment of an ecommerce regulator to ensure fair competition in the industry, Bloomberg report has said.   The draft comes amid the...

Audi, EnBW to turn electric car batteries into grid support tools

Facts       Jul 04, 2020

  German carmaker Audi and utility EnBW are setting up an electric car battery operation at EnBW's Heilbronn plant to build scaleable storage facilities by the end of this year, drawing on retired batteries to help power grids.   Electric vehicle battery recycling and reuse has become...

Jeffrey Preston Bezos, founder, CEO, and president Amazon

Jeff Bezos's wealth soars to $171.6 billion to top pre-divorce record

Facts       Jul 02, 2020

  Jeff Bezos’s net worth has smashed through its previous peak, even after he relinquished a quarter of his stake in Amazon.com Inc. as part of a divorce settlement last year.   Shares of the Seattle-based retailer surged 4.4% to a record $2,878.70 Wednesday, boosting the founder’s...

AIIMS partners IIT-Delhi to launch app for patients needing plasma therapy

Facts       Jul 02, 2020

  New Delhi: Resident doctors of AIIMS with the help of IIT-Delhi students have developed a mobile application to track real-time COVID-19 patients in the hospital, who can become potential plasma donors 28 days after recovery along with those who have been discharged.   The app named...

 Cybersecurity top priority for Indian CIOs post Covid-19 pandemic:Adobe

Indian News       Jul 02, 2020

New Delhi: As hacking threats increase from nation-state bad actors from China and North Korea, a staggering 89 per cent of CIOs in India say that cybersecurity remains to top investment area for them, a new Adobe survey revealed on Thursday.   The CIOs from India...

SoftBank-backed Lemonade raises $319 million in IPO

International News       Jul 02, 2020

  New York: Shares of Lemonade, an online insurance company backed by SoftBank Group Corp,more than doubled in its Thursday market debut to reach a $3 billion market cap.    Shares closed $138.79% higher. The company’s stock opened at $50.06 after pricing at $29 per share on...

AGCS embarks on global overhaul to regain profitability and market leadership

International News       Jul 01, 2020

  London/Munich/New York/Paris/Singapore:: Under its new leadership, Allianz Global Corporate & Specialty (AGCS), the industrial insurer of Allianz Group, announced a comprehensive transformation program, “New AGCS”, to regain profitability and market leadership in the corporate and specialty insurance segment. Supported by a number of new leadership...

Car crashes deadlier as drivers speed during lockdowns:Study

International News       Jun 30, 2020

LONDON: Coronavirus lockdowns led to huge reductions in traffic and fewer car crashes this spring, but as drivers sped up on quieter roads, the collisions became deadlier in several cities, a Reuters analysis shows.   In New York City, the ratio of fatal crashes to all...

India bans 59 apps including TikTok,WeChat on security concerns

Indian News       Jun 29, 2020

  New Delhi: India on Monday banned 59 apps with Chinese links, including hugely popular TikTok and UC Browser, saying they were prejudicial to sovereignty, integrity and security of the country. The ban, which comes in the backdrop of current stand-off along the Line of Actual...

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