Hundreds of flights were grounded across the United States after a computer outage at the Federal Aviation Administration (FAA), US media reports said on Wednesday. The outage comes as a result of the failure of the FAA's NOTAM (Notice to Air Missions) system, which alerts pilots and other personnel about airborne issues and other delays [...]
The Federation of Telangana Chambers of Commerce and Industry (FTCCI) has come out with a skill centre here to support new-age manufacturing and service sectors. The ‘FTCCI Pokarna Skill Centre’ was formally inaugurated on Wednesday by Telangana Principal Secretary Industries and Commerce Jayesh Ranjan, College Education Commissioner Navin Mittal and CMD of Pokarna Ltd Gautam [...]
The government will this month invite Expression of Interest or preliminary bids for privatising Container Corporation of India (Concor), an official said on Wednesday. The official said the bid document for Concor is almost ready and has to get approval from 'Alternative Mechanism' which is essentially a group of key Cabinet ministers. "We are trying [...]
Engine and power equipment maker Cummins Group in India will commercially roll out its fuel-agnostic platform in a year, the company's managing director Ashwath Ram said on Wednesday. According to the company, the fuel-agnostic engine platform will reduce carbon emissions by enabling vehicles to run on low to zero carbon fuels using the conventional internal [...]
Finance Minister Nirmala Sitharaman and UK Chancellor of Exchequer Jeremy Hunt on Wednesday discussed bilateral investment and trade issues. The two leaders also discussed issues relating to the G-20, of which India has assumed the Presidency for the current year. "Union Finance Minister Smt. @nsitharaman and the Chancellor of the Exchequer United Kingdom, Mr @Jeremy_Hunt [...]
The Cabinet on Wednesday approved a Rs 2,600 crore scheme for promoting RuPay debit cards and low-value BHIM-UPI transactions. Under the scheme, banks would be provided financial incentives for promoting Point of Sale (PoS) and e-commerce transactions using RuPay and UPI in the current financial year. It would help in building a robust digital payment [...]
Three-wheeler maker Atul Auto on Wednesday announced its foray into the electric vehicle space by launching two models at the Auto Expo 2023. Atul Greentech Private Ltd (AGPL), a subsidiary of Atul Auto, launched Mobili, a passenger vehicle, and cargo variant Energie. Both Mobili and Energie are built with industry-leading technology, telematics and Battery Management [...]
Sterlite Power on Wednesday said it has received funds worth Rs 305 crore from Aseem Infrastructure Finance to set up the Kishtwar Transmission Ltd (KTL) project in Jammu. The project involves construction of a transmission system comprising a 400/132kV GIS sub-station at Kishtwar and a 400 kV transmission line from Kishenpur to Dulhasti, the company [...]
Funding for Indian startups dropped by 33 per cent to USD 24 billion in 2022 as compared to the previous year though it was nearly double the amount recorded in 2019 or 2020, said a PwC India report on Wednesday. Global investors were still positive about the Indian startup ecosystem despite the global slowdown, as [...]
The World Bank has forecast Pakistan's economic growth to slow further to two per cent during the current year — down by two percentage points from its June 2022 estimates — because of the devastating floods and slowdown in the global growth rate, a media report said on Wednesday. The World Bank’s Global Economic Prospects [...]
