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Technology


SpiceJet Chairman and Managing Director Ajay Singh announced on Wednesday that the aviation sector was reeling under high costs because of poor “leadership” and decision making. “The issue we had when we started SpiceJet in 2005 appears to be the same we had in 2018. Clearly, this needs to change. We have this bad habit …

U.S.-based 7-Eleven Inc. anticipates to open its first branded store in India this year, after reaching a deal with Future Retail Ltd to run the chain in the Asian nation. Future Retail, which promotes local retail chains such as Food Hall and Nilgiris, plans to set up 7-Eleven stores from scratch and convert some of …

Czech firm Skoda Auto is striving to make India its fifth-largest market, selling about 75,000 vehicles annually by 2023, driven by dealer expansion and new product launches. “My personal target is to be the fifth biggest market for Skoda worldwide by 2023,” Zac Hollis, director-sales, service and marketing, Skoda Auto India. “Currently, we are number …

The purchase of the famous Jaguar and Land Rover auto brands in 2008 handed India’s Tata Group a challenge that had long frustrated Ford Motor Co., the British marques’ previous owner: How to eke out a profit. For a while, Tata appeared to have found the answer. Within several years of the acquisition, Jaguar Land …

The US is seeking more information from Pakistan on the potential misuse of American-made F-16 fighter jets by it versus India in violation of the end-user agreement, the State Department has said. The Indian Air Force on Thursday displayed portions of an AMRAAM beyond visual range air-to-air missile as evidence to “conclusively” prove that Pakistan deployed …

Sterlite Power Thursday said it has deposited bids for two storage projects in the recently concluded auction of Salt River Project utility in Arizona, USA. Bids have been deposited for a cumulative capacity of 400 megawatts (MW). “This marks the first foray of Sterlite Power into grid-connected battery energy storage systems (BESS),” the company stated …

Global flavors and fragrance makers have shown interest in purchasing a majority stake in VKL Seasoning, India’s leading manufacturer of seasonings and flavors. About six companies, covering Swiss fragrance majors Givaudan and Firmenich, German firm Symrise, Ireland-based Kerry Group, and Japanese major Takasago, have expressed interest in acquiring majority stake in True North PE-owned Vallabhdas …

Distribution platform operators (DPOs) will have to pay broadcasters based on the new pricing commencing this month, the Indian Broadcasting Foundation (IBF) has said. Telecom Regulatory Authority of India’s (TRAI) before noted that only 65 percent of cable services subscribers and 35 percent of DTH subscribers have migrated to the new MRP regime, prompting it …

 Twitter CEO Jack Dorsey is unlikely to come on the February 25 meeting called by a panel of MPs to discuss safeguarding of citizen rights on social media and online news portals. The company’s leader of global public policy and philanthropy, Colin Crowell, is expected to represent the microblogging platform before the parliamentary standing committee on information technology, people …

Reckless innovation is a massive threat to technology companies than regulation and the ‘move fast and break rules’ mindset need to change, Accenture’s Chief Technology and Innovation Officer Paul Daugherty said. Countries all over the world are increasingly getting involved in regulating technology firms to avoid misuse of data. Companies have typically resisted government regulation saying it could hamper …

Finnish telecom gear maker Nokia expects 5G field trials in India to take place only in the second half of the year, coinciding with the availability of 5G chipsets and smartphones in India. It has already commenced conducting lab trials with its telecom operator partners and said planning for 5G field trials is also underway. “For the field …