TCS expands partnership with Norway’s Posten Norge
Posted on 6th September 2019 |
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Tata Consultancy Services (TCS) on Thursday announced that it had expanded its partnership with Posten Norge (Norway Post) to build a digital stack to enable product innovation and superior customer experience. According to a company statement, the expanded partnership aims to develop modern, intelligent and automated solutions for Posten. This move will accelerate Posten’s growth by enabling adoption of agile working methods, harmonising IT services and driving automation. |
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Mahindra & Mahindra defers Rs 1,000 crore capex plan for auto, tractor segments
Posted on 6th September 2019 |
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Mahindra & Mahindra (M&M) has deferred its planned capital expenditure of `800-1,000 crore for the auto and tractor segments owing to a prolonged slowdown in auto sales. The company has also put on hold other discretionary capex, managing director Pawan Goenka said on Thursday. M&M had in late May announced its plan to invest ` 18,000 crore over the next three years, including `12,000 crore towards capital expenditure and `6,000 crore in its subsidiaries. |
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GST rate cut must to revive auto demand, says M&M MD Pawan Goenka
Posted on 6th September 2019 |
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Mahindra & Mahindra’s Managing Director (MD) Pawan Goenka said on Thursday automakers had taken every step to revive consumer sentiment, but only a goods and services tax (GST) rate cut would boost demand. “I think the industry has done whatever it could. An intervention from the government can only revive the demand,” he said, adding: “It’s not good to ask for a cut in GST rate, but we are now in a situation where only that can help us.” |
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We plan to reorganise NHAI, review financing models: Nitin Gadkari
Posted on 6th September 2019 |
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Union Road Transport and Highways Minister Nitin Gadkari has said he plans to reorganise the National Highways Authority of India (NHAI). A relook at the financing models, including raising Rs 85,000 crore through road asset monetisation over the next five to six years, is also priority, the minister told Business Standard in an e-mail interview. |
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FB, Google, Microsoft, Twitter meet US intel agencies on 2020 poll security
Posted on 5th September 2019 |
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US technology companies including Facebook Inc, Alphabet's Google, Microsoft Corp and Twitter Inc met with US intelligence agencies on Wednesday to discuss security strategies ahead of the November 2020 election. The companies' security teams met representatives from the Federal Bureau of Investigation, the Office of the Director of National Intelligence, and the Department of Homeland Security at Facebook's headquarters in Menlo Park. |
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Mukesh Ambani’s plan to hook users on entertainment, movies: Hand out free 4K TVs with JioFiber
Posted on 5th September 2019 |
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Three years after elbowing into the Indian wireless phone market with free calls and data, billionaire Mukesh Ambani is back at it. This time, Asia’s richest man is handing out TVs to hook users on movies and entertainment shows via internet. The tycoon is wedging into a business teeming with players from rival mobile carriers to Netflix Inc. and Amazon.com Inc. |
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Microsoft, IIT Roorkee join hands for quantum computing learning
Posted on 5th September 2019 |
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Quantum computing, with its power to solve intricate challenges in no time, has been catching the attention of tech researchers and students for some time now. Students today are aware of quantum computing’s ability to run a myriad of conflicting parameters and variables at a pace that is unparalleled. This, however, also begets the need to provide this body of emerging programmers with direct access to quantum programming in course of their education. |
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Bank credit growth runs only on govt’s infra engine
Posted on 5th September 2019 |
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The government spending on infrastructure is helping push the bank credit growth, with almost no private participation, except for Reliance Jio in the telecommunications sector. The bank credit data from the Reserve Bank of India (RBI) released on August 30 showed that only power, telecommunications, road, and cement sectors are witnessing an uptick in credit demand, thanks to government spending on several infrastructure projects. |
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Modi-Mahathir meet: Zakir Naik, Article 370 revocation discussed
Posted on 5th September 2019 |
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Indian Prime Minister Narendra Modi and Malaysian PM Mahathir bin Mohamad met on the sidelines of Eastern Economic Forum in Vladivostok during which the former raised the issue of Zakir Naik and also discussed the need for legislative changes to Jammu and Kashmir. |
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ONGC yet to get complete legal ownership of GSPC's KG Basin gas block
Posted on 5th September 2019 |
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Two years after acquiring an 80 per cent stake in Gujarat State Petroleum Corporation’s (GSPC) KG Basin gas block, state-run Oil and Natural Gas Corporation (ONGC) is yet to get complete legal ownership of the block. Two senior company executives said “the production sharing contract (PSC) of the block is yet to be transferred to ONGC”. The deal was completed in August 2017, for which ONGC paid about ~7,738 crore. |
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