Author: Ansh Singh

New Delhi: After the company put an end to the manufacture of bias off-the-road (OTR) tyres at its manufacturing facility in Limda, Gujarat, shares of Apollo Tyres Limited dropped more than 2% to Rs 369 in early trade on September 21. The suspension is the result of worries from shop floor workers over the extension of a long-term settlement deal. In an exchange filing, the business said that the production of bias and OTR tyres at its facility in Limda, Gujarat, had been halted because shop floor workers had certain reservations about the renewal of the long-term settlement agreement. Apollo Tyres said that…

New Delhi: According to Central Bank Executive Director Ajay Kumar Choudhary, the Reserve Bank of India (RBI) is set to start a pilot programme for Central Bank Digital Currency (CBDC) in October for use in transactions for call money market or interbank borrowing. In November of last year, a pilot programme for the wholesale CBDC, also known as the Digital Rupee-Wholesale (e-W), was started. The use case at the time was restricted to the settlement of secondary market transactions involving government securities. On December 1, the retail CBDC pilot programme commenced. Speaking at the RBI’s Innovation Pavillion, which is located…

New Delhi: Google announced it will fire hundreds of staff members who helped with hiring and recruiting new employees as Silicon Valley continues its cost-cutting initiatives. Although it is not thought that the employment would be reduced significantly, other departments within the business may opt to do so. Sundar Pichai, the CEO of Google, has been encouraging staff members to decrease costs and increase efficiency for more than a year. Google said in January that it was eliminating 12,000 employees, or 6% of its workforce, following competitors like Amazon and Meta. These were the first large layoffs in the history…

New Delhi: Anant Ambani, director at Reliance, donated money on the organization’s behalf to the Chief Minister’s Relief Fund. Overall, 111 persons lost their lives, and 45,650 families were affected by the Mukhya Mantri Rahat Kosh catastrophes in Uttarakhand this year. Reliance Director Anant Ambani made the donation on behalf of the firm. “We hope this initiative will further the State government’s effort to take up various development programmes for the people of Uttarakhand,” said Anant Ambani “We at Reliance are fortunate to have been a partner to the state for over 10 years through various education and social development…

New Delhi: Oil and Natural Gas Corporation (ONGC) shares increased by more than 1% on the BSE on Friday after the government-owned oil exploration company announced plans to inject about Rs 15,000 crore into ONGC Petro-additions (OPaL) as part of a financial restructuring initiative that will see gas utility GAIL pushed out of the petrochemical company. In an effort to restructure its finances, the state-owned Oil and Natural Gas Corporation (ONGC) would invest Rs. 15,000 crore in ONGC Petro-additions Ltd. According to a report by the news agency PTI, the move will cause the gas utility GAIL to be pushed out of…

New Delhi: The accreditation will enable Adani Wind, the Adani Group’s manufacturing division of wind turbine generators, to begin series production for international markets. The certification, which is provided by the IEC System for Certification to Criteria Relating to Equipment for Use in Renewable Energy Applications (IECRE), confirms that the 5.2 MW wind turbine generator produced by Adani Wind meets the highest quality and safety criteria. The certification recognises Adani WTG’s compliance with the internationally recognised IEC 61400 series standards and regulations for design, testing, and manufacturing, in addition to affirming the highest quality and safety requirements. The WTG prototype,…

New Delhi: The iPhone 15 Pro and 15 Pro Max were formally launched by tech giant Apple on Tuesday. In contrast to the versions from the previous year, the Pro models’ frames have a brushed appearance. Titanium is not only attractive, but it also makes phones somewhat lighter and more durable. The screens’ dimensions—6.1 and 6.7 inches—are the same. However, if one looks at the features of the iPhone 15 series, one can see that Apple has a digital compass, precision dual-frequency GPS, Wi-Fi cellular, and iBeacon micro-location. The Indian Space Research Organisation (ISRO) created the NavIC. India has higher…

New Delhi: The most recent Velar model from Range Rover has been presented, and it comes with a number of modifications and cutting-edge technological improvements. The new Velar adopts a minimalist design approach and adds a stunning grille, along with new Pixel LED Headlights and Signature Daytime Running Lights that have a jewel-like look. These design features give the Range Rover range a uniform appearance. The car’s imposing overhang at the back emphasizes its long, substantial body. The Velar’s elegance is further increased by the installation of new LED taillights with an impressive 3D look and super-red glow. A full-length…

New Delhi: On Friday, the UK and Tata Steel jointly announced an investment package worth £1.25 billion (roughly $1.55 billion), including a government grant of £500 million ($621 million), to secure the future of Port Talbot operations in Wales, (the nation’s largest steelworks), and give the structurally weak business a new fresh start. The government has been working to assist British Steel and Tata Steel in replacing its polluting blast furnaces since Port Talbot Steelworks is the UK’s single largest source of carbon emissions. Considering that Port Talbot Steelworks is the UK’s single greatest source of carbon emissions, the government has been striving to support…

New Delhi: Debt-ridden Vodafone Idea, a telecom company, has paid the government 1,700 crore rupees, which covers the outstanding balance for the 5G spectrum as well as other spectrum that was previously purchased. Early in September, VIL paid up around 10% of its DoT (Department of Telecommunications) obligations for the April-June quarter. According to sources, the telecom has also pledged to pay out the remaining balance by the end of this month. Vi said in the regulatory filing, “We desire to announce that the Company has today, on September 16, 2023, made the required payment of Rs 1,700 crores (including interest)…