Brief by Shorts91 Newsdesk / 06:57am on 28 Apr 2024,Sunday Business
In a surprise move, Tesla CEO Elon Musk heads to China, the second-largest market for the electric vehicle giant, following the postponement of his visit to India due to "Tesla obligations." Musk seeks discussions with Chinese officials regarding the rollout of Full-Self Driving (FSD) software and the transfer of data collected in China. Despite the delay in his India trip, Musk hints at making FSD available to Chinese customers "very soon," highlighting Tesla's focus on expanding its autonomous driving technologies globally.
Brief by Shorts91 Newsdesk / 05:59pm on 27 Apr 2024,Saturday Business
MDH, a popular Indian spice brand, refutes allegations of cancer-causing pesticide in its products, dismissing claims as "baseless, untrue, and lacking evidence." Hong Kong and Singapore banned MDH and Everest spices after detecting ethylene oxide. MDH asserts it hasn't received communication from regulatory authorities and assures adherence to safety standards. Customers reassured of product safety and quality. Centre seeks details from Hong Kong and Singapore food regulators. MDH emphasizes commitment to authentic, high-quality spices. Investigation ongoing to determine root cause and corrective actions.
Brief by Shorts91 Newsdesk / 11:48am on 26 Apr 2024,Friday Business
In a significant setback for Go First, the Delhi High Court has ordered the deregistration of all 54 leased aircraft, allowing lessors to reclaim them amidst the airline's bankruptcy declaration nearly a year ago. The directive, to be implemented within five working days, poses a serious threat to Go First's revival prospects. Despite two bids for acquisition, including one from SpiceJet's chief, Ajay Singh, and another from Sky One, uncertainties loom as lenders deliberate over the offers. With the risk of losing its entire fleet, Go First's future remains uncertain, casting doubts on any potential comeback efforts.
Brief by Shorts91 Newsdesk / 03:04pm on 25 Apr 2024,Thursday Business
IndiGo, India's top airline, secures a deal for 30 Airbus A350-900 widebody jets, with deliveries set to begin in 2027. This move marks a strategic shift into the long-haul market segment. With purchase rights for an additional 70 A350 family aircraft, IndiGo solidifies its position as a major player in the aviation industry. CEO Pieter Elbers expresses excitement for the airline's future, highlighting the significance of this milestone in shaping both IndiGo's trajectory and the broader landscape of Indian aviation. The order further diversifies IndiGo's fleet, enhancing connectivity and reinforcing its commitment to India's growth.
Brief by Shorts91 Newsdesk / 01:50pm on 25 Apr 2024,Thursday Business
Tata group-owned Air India and Vistara are pushing to conclude their merger by October, pending a decision from the National Company Law Tribunal. Harmonizing operating manuals and procedures is underway, with discussions ongoing with the Directorate General of Civil Aviation regarding pilot and crew training requirements. Once approved, integration efforts will intensify, focusing on aligning pricing, network, and schedules. Despite differences in aircraft classes and routes, the airlines aim for a seamless transition to minimize passenger disruption.
Brief by Shorts91 Newsdesk / 05:17am on 25 Apr 2024,Thursday Business
Reliance Jio introduces JioCinema Premium, offering ad-free streaming starting at Rs 29/month. Subscribers get 4K quality and offline viewing. Content includes Exclusive Series, Movies, Hollywood, Kids, and TV. Family plan at Rs 89/month allows simultaneous viewing on four screens. Existing members automatically upgraded to Family plan at no extra charge. Jio aims for multi-segment consumption across Indian households. Accessible on any device, including Connected TVs.
Brief by Shorts91 Newsdesk / 07:40pm on 24 Apr 2024,Wednesday Business
European Union's food safety authorities have flagged 527 Indian food items for containing ethylene oxide, a cancer-causing chemical. Most affected products include nuts and sesame seeds (313), herbs and spices (60) such as turmeric, cumin, and coriander, and dietetic foods (48). Ethylene oxide, used for sterilization, poses health risks including lymphoma and leukemia. While 87 consignments were rejected at the border, many were removed from markets later. Experts emphasize the need for safer alternatives and urge government intervention. Despite warnings and advisories, including from the Spices Board in 2021, Indian products have not met the EU's safety standards, with concerns over exposure to ethylene glycol and other toxic byproducts persisting.
Brief by Shorts91 Newsdesk / 05:29am on 24 Apr 2024,Wednesday Business
Mukesh Ambani, India's wealthiest individual, heads Reliance Industries and Jio, the country's largest telecom provider. His JioCinema secured IPL streaming rights for five years, offering it for free with ads. Now, JioCinema plans to introduce an ad-free subscription on April 25, teasing it during IPL matches. Current subscriptions cost Rs 999 annually or Rs 99 monthly. Despite free IPL streaming, revenue comes from ads and data usage. JioCinema's lower ad rates attract more advertisers. With Jio being the top telecom operator, Ambani benefits from increased data usage during IPL. Reliance Jio also introduced special IPL plans for seamless streaming.
Brief by Shorts91 Newsdesk / 02:39pm on 23 Apr 2024,Tuesday Business
Tata Electronics, in collaboration with PSMC, ventures into advanced chip production with plans to manufacture 14nm technology at their Gujarat plant. The Rs 91,000-crore semiconductor facility aims to produce energy-efficient, powerful chips for various applications. With orders up to capacity level for 28-90nm chips, scaling up to 14nm opens new opportunities. The Dholera fab, expected to commence operations by 2026, targets industries like computing, electric vehicles, and defense. Additionally, Tata Group invests Rs 27,000 crore in an ATMP project in Assam, contributing to job creation and advancing India's semiconductor ecosystem.
Brief by Shorts91 Newsdesk / 04:52pm on 21 Apr 2024,Sunday Business
Indigo's air taxi service, set to launch in 2026, promises swift travel between Delhi's Connaught Place and Gurgaon in just 7 minutes. With an investment of $1 billion, Archer Aviation will supply 200 electric aircraft for the venture. Powered by quick-charging batteries, these taxis aim to ease traffic congestion and reduce travel time drastically. Costing between Rs 2,000 to Rs 3,000 per trip, they offer a convenient alternative to the 90-minute road journey, priced at Rs 1500. With plans to expand to Mumbai and Bengaluru, this initiative signals a leap forward in urban mobility.