News

No of News 91

Canada’s Brookfield to Buy Lottery Business of Scientific Games for $6.05 Billion

Scientific Games Corp, a leading U.S. maker of slot machines, announced on Wednesday that it is selling its lottery business to Brookfield Business Partners, the Canada-based investment company for $6.05 billion. The deal between the companies will consist of $5.825 billion in cash and an additional payment of around $225 million based on the achievement of certain EBITDA goals in 202...

  • Publish Date: October 29, 2021
Robotic Process Automation

Robotic process automation (also known as software robotics) is a type of business process automation technology which is based on digital workers/artificial intelligence or on metaphorical software robots. It mimics human interaction with the software to perform repeatable, high-volume tasks. The major advantages of using robotic automation in the business include reduced cost, increased accur...

  • Publish Date: October 22, 2021
Are Self-Healing Lithium-ion Batteries the Future in Automotive industry?

In recent years, self-healing batteries have become a popular topic of battery research and development, especially focusing on dendrites and how they affect performance of the batteries. As batteries are made up of chemical interactions, there are some adverse effects that people may not be able to control. One of these is the progressive accumulation of ions within the battery. Self-healing b...

  • Publish Date: October 21, 2021
India Will be One of the Fastest Growing Economies, Nearing Double-Digit Growth This Year: Nirmala Sitharaman

Finance Minister of India, Nirmala Sitharaman during a conversation at Harvard Kennedy School said that on the basis of this year, next year would experience an exponential growth in the economy of India, and hence would definitely be in the range of eight percent. She also says that this progressive growth would be sustained for the next decade due to the rising rate of expansion in ...

  • Publish Date: October 21, 2021
Bharat Petroleum Introduces 'UFill', an Automated Fuelling Technology, in about 65 Cities

In October 2021, Bharat Petroleum Corporation Limited, one of the leading oil and gas companies in India, publicized the launch of automated fuelling technology called, 'UFill' in about 65 cities of India. UFill is a digital customer experience that precludes the need for keeping a check of zero or final reading and other offline manual acti...

  • Publish Date: October 19, 2021
Ignatius Navil Noronha, CEO of DMart Becomes Billionaire

Ignatius Navil Noronha, the chief executive officer (CEO) of Avenue Supermarts Ltd., which runs DMart retail stores, has witnessed his wealth surge to more than a billion dollars owing to an astonishing jump in the shares of the retail firm of about 113% this year. A fresh record high of ₹5,899 on BSE has been hit by the stock and gained as much as 10.7% in intraday. At 10 am on Oct...

  • Publish Date: October 18, 2021
PM Modi to Launch GatiShakti National Master Plan in the Favour of Infrastructure Development

In October 2021, Narendra Modi, the current Prime Minister of India, came up with a novel initiative of launching­­- the GatiShakti-National Master Plan. The initiative will soon be launched and is aimed at improving the infrastruc...

  • Publish Date: October 14, 2021
India May be the Only Country to Fill Global Supply Gap for Sugar

According to Paulo Roberto de Souza, the Chief Executive of Alvean Sugar SL, the world's largest sugar trader, the global sugar market would experience a grave problem if the India refrains to fill the wide global sugar supply gap from November to March or April. Hence, India may be the only country capable filling this gap amidst the prevalence of adverse drought situation in Brazil, world...

  • Publish Date: October 13, 2021
NASA Set to Launch ‘Lucy Spacecraft' for the Up-Close View of Trojan Asteroids

In October 2021, the National Aeronautics and Space Administration (NASA) proclaimed that it is geared up to launch its newest mission - Lucy spacecraft - to explore an up-close view of Jupiter’s Trojan asteroids and understand more about the initial years of our solar system. At present, the Lucy spacecraft is planned to lift-off on October 16, 2021, a...

  • Publish Date: October 12, 2021
Air India Acquired by Tata for Rs $2.4 Billion

Tata Sons Pvt. emerged as a winning bidder for India’s flag carrier, Air India, which was previously Tata Airlines in 1932; the bid was placed at ₹ 18,000 crore ($2.4 billion) as an enterprise value of the carrier. The airline was established by illustrious industrialist and philanthropist, JRD Tata back in 1932, who was also the first licensed pilot in India. He himself flew ...

  • Publish Date: October 11, 2021
What is the Current Count of Electric Vehicles and Charging Stations in India?

The government is incessantly promoting the manufacture and sale of electric vehicle across the country so that the masses adopt a sustainable vehicle for various transportation purposes under the scheme “Faster Adoption and Manufacturing of Hybrid and Electric Vehicles” or (FAME). This scheme is of paramount importance considering the perilous impact of climate change across the gl...

  • Publish Date: October 7, 2021
IATA Proclaims that Global Airline Industry May Incur Losses Up to $200 Billion During 2020-2022

The International Air Transport Association (IATA) declared that the global airline industry may incur losses up to $200 billion, owing to the disastrous impact of COVID-19 across the globe. IATA’s Director General, Willie Walsh said that the magnitude of coronavirus pandemic on the airlines has been remarkably enormous, adversely affecting the global airline industry. Walsh also adde...

  • Publish Date: October 6, 2021
Micro Fulfillment Centers – an Emerging E-commerce Strategy

Innovative, adaptable, and automated ways to e-fulfillment, both in classic distribution channels and new micro-fulfillment techniques, are being dictated by rapidly changing market conditions. As retailers strive to meet ever-increasing fulfilment needs, their ability to satisfy next- and same-day delivery (or in-store pickup) expectations will be critical to their survival in this hypercompet...

  • Publish Date: October 5, 2021
How Has Alstom Accelerated the Indian Economy Over the Past Few Year?

According to the recent report published by Ernst & Young, Alstom, a French multinational rolling stock manufacturer, indirectly contributed about 438 million euros to the Indian economy in the past five years. Alstom is one of the leading rolling stock manufacturers, operating across the globe in rail transport markets. They are actively involved in the fields of passenger transporta...

  • Publish Date: October 5, 2021
Adani Green Energy Ltd Gains Headway In The Market After Solar Power Plant Agreement With Essel Green Energy Pvt Ltd

Adani Green Energy Ltd (AGEL) is set to acquire a solar project from Essel Green which functions at over 40 megawatt (MW) at a whopping value of Rs 219 crore. This initiative is expected to increase the total operational capacity of AGEL to 5.4 gigawatt (GW) along with an overall portfolio of up to 19.8 GW. Prior to this, in May 2020, AGEL also purchased SB Energy India, a solar power producer,...

  • Publish Date: October 4, 2021
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