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Technology


Global chemicals giant BASF and India’s Adani Group have signed a deal to establish a ?14,000-crore petrochemicals plant at Mundra. Powered by renewable energy, it will produce chemicals that are now imported. “This would be BASF’s biggest investment in India to date,” the two companies said in a joint statement after signing a memorandum of …

Reliance JioInfocomm has told analysts that it sees no reason to raise tariffs now as it is generating strong revenue growth and robust customer additions at the prevailing levels, signaling that a revenue recovery for rivals Vodafone Idea (VIL) and Bharti Airtel remains distant. Various analysts from brokerages such as Goldman Sachs, Morgan Stanley and …

Amazon and Walmart-owned Flipkart have demanded the government to extend the February 1 deadline to comply with recently announced changes in the foreign direct investment (FDI) policy for e-commerce, according to people with knowledge of the matter. Flipkart confirmed this in an email. “We are working diligently to assess all aspects of the Flipkart business …

Vegetable oil imports rose by 11 percent last month to over 12 lakh tonne, edible oil industry body SEA stated on Tuesday and predicted that a rise in inward shipments of refined palm oil on customs duty cut that could affect domestic farmers and refiners. “Import of vegetable oils (comprising edible and non-edible oils) during …

India’s maiden human spaceflight mission ‘Gaganyaan’ would be a major turning point in the country’s space programme and permit New Delhi to catch up with global players, former ISRO Chairman G Madhavan Nair said. He also showed confidence that ISRO (Indian Space Research Organisation) would be able to undertake the venture by 2022, the targeted …

NITI Aayog Vice Chairman Rajiv Kumar Wednesday made a case for adopting a middle path with regard to data protection, stating “data nationalism” may be the anti-thesis of global growth. He stated access to data is crucial for achieving faster growth which is now being driven by the digital economy. Talking at the ‘Raisina Dialogue …

India is hopeful to wholly operationalize the strategic Chabahar port in the Sistan-Balochistan province of Iran soon, and the government has allowed an Iranian bank to open a branch in Mumbai for related transactions, Union Minister Nitin Gadkari said today. Mr.  Gadkari, after Iran’s Minister of Foreign Affairs Mohammad Javad Zarif visited him, stated the …

State-run aerospace behemoth Hindustan Aeronautics Limited (HAL) has created a profit of Rs. 7,334 crores in the last four years, according to details provided by the government in Lok Sabha Wednesday. The company has made a net revenue of Rs. 58,651 crores between the financial year 2015-16 and September last year, as per the details. …

The indigenously developed and built Light Combat Aircraft (LCA) Tejas is on final induction after going all the tests, said a confirmed official on Monday. “LCA Tejas and Airborne Early Warning and Control System (AEW&CS) are on final induction after going through each of the tests,” said DRDO Chairman G Satheesh Reddy in a radio …

The finance ministry has exempted rupee payments done to the National Iranian Oil Co (NIOC) for crude oil imports from a steep withholding tax, according to a government order reviewed by Reuters. The exemption, put in place December 28 but backdated to November 5, will permit Indian refiners to settle about $1.5 billion of outstanding …

If Matt Chasen gets his way, there will be a time – in the not-so-distant future – when commuters are able to order an air taxi that whisks them across town in minutes, bypassing traffic-jammed streets below. For now, however, the chief executive of LIFT Aircraft will have to use his start-up’s electric-powered vertical-takeoff-and-landing aircraft, …

More than 300 exhibitors, covering top global and domestic players from the defense industry, have confirmed their participation in Aero India 2019, a defense official said on Sunday. Aero India 2019 will be held in Bengaluru from February 20 to 24 and the defense exhibition will look for the participation of top fighter-jet manufacturers, defense …