Nissan applies for patents on autonomous driving. Japanese automobile major Nissan Motor has filed a series of patent applications on electronic devices to control and assist a driver of vehicles.
These include a calculation of the travel route, controlling of travel, self-calculation of the vehicle position and recognising traffic lights by using electronic devices. The company recently described its plan to have commercially viable autonomous drive vehicles on the road by 2020. It had earlier launched a semi-autonomous driving system in Japan and has been looking at doing so elsewhere.
The patent details filed with Indian authorities for approval include a device to calculate the travel route, with distance measurement and methods to use the information on all four sides of a vehicle to avoid objects. Also, a position self- calculation device. Another patent has been filed on a traffic signal detection device. Huawei claims to have overtaken Apple in global sales volume. Chinese smartphone maker Huawei on Monday said it has overtaken iPhone maker Apple in global sales volume to become second largest handset company globally.
"Huawei overtook Apple in global sales volume share in December," Huawei India Director for Product Centre Allen Wang said. He said the company's share in December 2016 reached 13.2 per cent globally whereas Apple was in the range of 12 per cent. The company claims to have shipped 139 million smartphones last year. Though Samsung leads the global market in volumes, Huawei has overtaken the Korean technology major in some markets, Wang said. "Honor (Huawei's online smartphone brand)has now become world's number one online brand," he said.
The brand is now selling across 74 countries including India. Tata's JLR invests in Uber rival Lyft for driverless cars. Tata Motors-owned British luxury carmaker Jaguar Land Rover (JLR) has invested $25 million in US ride-hailing company Lyft as part of a partnership that includes development and testing of autonomous cars.
The investment in Uber's chief rival Lyft was done through InMotion Ventures, the venture capital arm of JLR. This was part of the $600-million funding round the ride-hailing firm closed in April at a valuation of $7.5 billion. In a statement, InMotion said that the innovation would help Lyft expand by supplying its drivers with fleets of Jaguar and Land Rover cars.
However, more importantly, it said that the partnership would be used to further its research and development in mobility services, including autonomous cars. "Personal mobility and smart transportation is evolving. Google's Daydream View VR headset comes to India, priced at Rs 6,499. Google on Monday launched in India its virtual reality headset ‘Daydream View’, along with a controller, at Rs 6,499.
To be available exclusively on home-grown e-commerce portal Flipkart, the Daydream View VR headset delivers intuitive high-quality experience in complete 360 degrees. The headset is made of soft, breathable fabric and is designed to fit over eye glasses. The phone and headset have an auto-alignment system, so you won’t have to worry about cables or connectors. The controller that comes bundled with the headset allows you to interact with the virtual world the same way you interact with the real world around you. Daydream View is packed with sensors that respond precisely to your movement and gestures — swing it like a cricket bat or wave it like a magic wand. Speaking at the launch, Clay Bavor, Vice-President of Virtual Reality and Augmented Reality at Google said, “Daydream View promises users a mesmerising experience. TCS, Intel join hands to provide solutions for firms to go digital.
In a bid to address the rapidly-evolving digital transformation requirements in global markets including in India, Tata Consultancy Services (TCS) on Monday announced a new collaboration with Intel Corporation to build a "future-ready reference architecture" for enterprises.
The collaboration will help firms adopt new-age technologies like Internet of Things (IoT), Cloud, network, 5G, artificial intelligence and data centre infrastructure management. "The collaboration with TCS marks a milestone for our continued efforts to enable customers and the industry with services and technologies for digital transformation," said Shannon Poulin, vice president, Intel Sales and Marketing Group, in a statement. Telcos themselves to blame for not investing in new tech: Reliance Jio. Mukesh Ambani-owned Reliance Jio on Monday said telcos not investing in new technology and instead leveraging their balance sheet are themselves to blame for financial difficulties.
Newcomer Reliance Jio, which met the Interministerial Group (IMG) on Monday said operators need to raise funds by selling stake or invest in new technology through internal accruals. "Operators (excluding Jio) need to invest Rs 1,25,000 crore, payback debt and they need to invest in technology, as growth is happening in data...They can do this by selling stake," said a senior Jio official who did not want to be named.
Stating that the financial stress being faced by operators was "their own creation", the official said the only policy intervention required is in form of reduction in GST rates, licence fee and USO levies. Lowering of these levies can generate Rs 20,000-25,000 crore additional EBITDA for the industry, the Jio official said after coming out from the 45-minute meeting with the IMG. Paytm Mall gets a new Chief Operating Officer. Interestingly, till now Paytm Mall was run by Sharma and vice presidents handled different verticals within the ecommerce arm.
However the company did not have any COO to head the whole operations. “The ecommerce company till now was handled by the founder, however after Paytm Mall bifurcated into a separate entity and as the operations of One97 Communications have expanded, there is a need for a COO to head the ecommerce operations,” a source close to the company said. Sinha would be responsible for overall operations of Paytm Mall and expanding the team to ensure customers have access to the widest assortment of products across categories, delivered quickly through an efficient and optimised partner logistics network. Sinha who till now was the senior vice president of business, joined One97 in 2008. He has handled several key business roles in Paytm and helped implement critical business, HR and financial processes for the company.
Uber adopts all recommendations from Eric Holder investigation. ONGC keen to buy HPCL, deal to cost Rs 42,254 cr. State-owned Oil and Natural Gas Corp (ONGC) is keen to acquire India's third-biggest fuel retailer HPCL in a Rs 42,254 crore deal after finding Bharat Petroleum Corp Ltd (BPCL) too expensive to buy.
Following up on Finance Minister Arun Jaitley's Budget announcement of creating an integrated oil company, ONGC evaluated options of acquiring either Hindustan Petroleum Corp Ltd (HPCL) or BPCL - the two downstream oil refining and fuel marketing companies. While acquiring either one of them made a lot of business sense, ONGC found the nation's second-biggest fuel retailer, BPCL too expensive, sources privy to the development said. BPCL has a market cap of Rs 1,01,738 crore and buying government's 54.93 per cent would along have entailed an outgo of Rs 55,885 crore. So, ONGC is in favour of acquiring HPCL, which has a market cap of Rs 54,797 crore and buying government's entire 51.11 per cent stake would entail an outgo of Rs 28,006 crore.
Both IOC and IBP were government owned companies. Redmi 4, Yu Yureka Black or Nubia N1 Lite? Best budget smartphones in town. The price-conscious Indian smartphone market has seen the launch of some very exciting affordable offerings in recent times.
From Xiaomi to Micromax and Nubia, many leading handset makers have launched products that would particularly interest the users looking to make a shift from feature phones to smartphones. A competitive entry-level smartphone portfolio is very important for any handset maker looking to make a mark in India as the affordable smartphone segment accounts for a major chunk of the overall smartphone market in India. So, as companies launch smartphones like the Xiaomi Redmi 4, Micromax Yu Yureka Black and Nubia N1 Lite, with great innards but at competitive price points, the Indian buyer is sure to be the ultimate winner. But which of these three attractive products provides the best value for money?
Great deals in Flipkart, Shopclues sales to clear stock before GST rollout. E-commerce players Flipkart and Shopclues have kicked off sale offers on their websites starting today, promising high discounts, to clear their respective inventories before the roll-out of the Goods and Services Tax (GST) on July 1.
While Flipkart is running offers and discounts on fashion products under the sale that would stretch for 9 days, Shopclues is running a week-long promotional offers on home kitchen, electronic accessories, fashion and related accessories. "The objective behind our hosting this exclusive sale event is to reach out to the millions of fashion-savvy Indians across the country," Flipkart Fashion Head Rishi Vasudev said in a statement. Flipkart Fashion Days will run for nine days, starting on June 10 until June 18 under which the company would offer products from 50 brands. OnePlus 5 sale to be invite-free; read all about specs of the smartphone. Chinese smartphone maker OnePlus is gearing up for the launch of its much-awaited flagship OnePlus 5 on June 22.
After reports that this smartphone might bring back the much-criticised OnePlus invite system, which requires people to have an invite to be able to buy a OnePlus device, the company clarified that there was no such plan and the sale of the smartphone would be "available to all, invite-free". The OnePlus 5 is scheduled to be launched in India on June 22 at an event organised in NSCI Dome, Mumbai. OnePlus is selling to eager fans, for Rs 999, invites that give them entry to the unveiling event along with a few other rewards such as T-shirts, travel backpack, and sunglasses.
GST will be game changer for Indian economy, says Rajnath Singh. India has become the fastest growing economy in the world and the GST regime will turn out to be a game changer for the country, Home Minister Rajnath Singh said on Friday. He said that India's economy is grew faster even that of China under the NDA government. "The works done in the last three years have given different dimension to the economy and as a result of that, India's economy became the fastest growing economy," Singh said at a programme here.
"After the NDA government came to power, several decisions were taken. Fiscal parameters like the Current Account Deficit (CAD) and fiscal deficit are well under control. The Goods and Services Tax (GST) is going to be rolled out from July 1 and this will be a game changer for the economy," he said. Singh said that the Modi government took several structural and procedural changes in the interest of people. Demonetisation impact: SBI says slowdown in Indian economy to continue. The country's largest lender, the State Bank of India (SBI), has expressed apprehensions that demonetisation may continue to result in slowing down of the economy and adversely affect its business. The government had discontinued Rs 500 and Rs 1,000 banknotes from November 9, 2016, and issued new Rs 500 and Rs 2,000 currency notes in exchange for the discontinued ones.
The long-term impact of this move on the Indian economy and the banking sector is uncertain, SBI told institutional investors prior to its Rs 15,000-crore share sale through private placement. The effects of India's recent demonetisation decision are uncertain, which may adversely affect the bank's business, results of operations and financial condition, the bank said in the Preliminary Placement Document to investors while flagging the 'risk factors'. "The demonetisation has and may continue to result in a slowing down of the Indian economy, which may adversely affect the Bank's business," it said. Beauty, personal care market to touch $10 bn by 2021: IBHA report.
Beauty and personal care (BPC) market in India is expected to touch $10 billion by 2021 growing at an annual rate of 5-6 per cent on the back of evolving consumer awareness and aspirations, according to a report by Indian Beauty & Hygiene Association (IBHA). On a global comparison, per capita spend in India at $7 (about Rs 450) on BPC is significantly lower than that in developed nations and the market is estimated to be $8 billion, according to IBHA. Yet, the expansion of the market is in line with India's GDP growth, it said, adding the rural market will also start driving growth. "There is a paradigm shift in consumer preference from looking good to feeling good, and the industry is innovating to address the evolving consumer awareness and aspirations," IBHA said in its report.
The BPC industry is categorised into five segments - body care, hair care, face care, hand care and colour cosmetics. IBHA is a trade association of the beauty and personal care industry in India. FMCG products to see decline in volume post GST: Britannia. FMCG products will see a decline in volume in the short term with channel partners of companies keeping less stock in view of GST, which is set for July 1 launch, according to Britannia Industries. The company, however, said that with tax rates for the overall biscuit category being largely neutral, GST would provide a level-playing field to organised players in the industry. "This is going to be a fairly tight month, especially for FMCG companies, as trade will down-stock, no matter, how much communication and assurances are sent out to them," Britannia Industries Managing Director Varun Berry told PTI. This will take a toll on volumes in the short term, say for the next three months, he added.
It will be crucial for companies to keep a tab on what is happening at the ground level due to the new taxation system and keep communication open with their channel partners, Berry said in an e-mailed response. FM Jaitley to meet PSU bank chiefs on Monday to review NPA situation. Finance Minister Arun Jaitley will meet heads of public sector banks (PSBs) on Monday to discuss the issue of non-performing assets (NPAs) and the steps being taken by them to expedite the recovery of bad loans that have crossed Rs 6 lakh crore. Besides, the minister will review the financial performance of all PSBs at the meeting, the first between Jaitley and them in the current financial year (FY). The meeting also assumes significance as it will be the first after last month's promulgation of the ordinance amending the Banking Regulation Act, 1949.
Despicable, all-time low: Ola slams Uber over rape investigation sabotage. After Airtel, BSNL gears up to fight upcoming Reliance Jio's high-speed broadbrand. Bharat Sanchar Nigam Ltd (BSNL) is mulling to revise its home broadband tariffs to counter the entry of Reliance Jio’s fibre-to-the-home (FTTH) broadband service, according to a report in the Economic Times. According to the Telecom Regulatory Authority of India (TRAI), BSNL leads the wired broadband market with almost 10 million subscribers.
The state-run company currently offers FTTH based broadband connection for as low as Rs 799 under which the subscriber gets 10 GB of broadband data at 4 Megabits per second (Mbps). GST Council to meet on June 11 to review rates, amend rules. The all powerful GST Council will meet on Sunday to review some of the rates on which industry has expressed displeasure, besides amending the draft rules. This will be the 16th meeting of the Council, chaired by Finance Minister Arun Jaitley and comprising state counterparts, since it was set up in September 2016.
OnePlus 5 to be launched in India at Rs 32,999; here is what the device looks like. Chinese smartphone maker OnePlus is gearing up for the launch of its much-awaited flagship OnePlus 5 on June 22. SoftBank acquires robotics firms from Google: Why it matters. Google – which put itself and its subsidiaries under the auspices of newly formed Alphabet as part of a 2015 corporate restructuring – acquired the two companies amid a robotics-focused M&A drive back in 2013.
Laptops cheaper than smartphones: Best deals under Amazon India's 'Back to Class' sale. Wipro sees Trump's administration, regulations as threat to growth. 5 Nifty companies announce bonus shares in 2017; highest in 11 years. Engineering & construction giant Larsen & Toubro (L&T) and state-owned oil marketing company, Bharat Petroleum Corporation (BPCL) from the Nifty50 index in last week declared bonus shares in the ratio of 1:2 i.e. 1 new bonus equity share for every existing 2 equity shares. Besides these two, total five companies including ICICI Bank, Wipro and Gail (India) from the index announced bonus shares thus far in the current calendar year 2017 (CY17). The number of companies from the Nifty50 index rewarding bonus shares to their shareholders is the highest in past 11 years. Alibaba Group acquires majority stake in Chennai-based TicketNew.
GST on gold: Buying and making jewellery to get expensive for consumers. IT shares gain; TCS, HCL Tech near 52-week high. Sensex trades flat, Nifty below 9,650 ahead of RBI policy outcome. Markets turn choppy after RBI maintains status quo on policy rate. Oil prices jump after Saudi Arabia and Arab allies cut ties with Qatar. RBI expected to be less hawkish, may leave interest rates unchanged. Apple helped UK investigate terrorist attacks, says Tim Cook. Jio effect? Telecom industry is at its weakest, govt will have to step in. Uber fires 20 employees, hires Harvard professor to fix leadership crisis. Apple's first TV series releases tonight: It's like the Shark Tank of apps. Soon, Whatsapp will allow you to 'recall' messages. Soon, Whatsapp will allow you to 'recall' messages. OnePlus 5 available in India from June 22; you can buy phone at launch.
GST rate of 28% on paints will not differ much from existing rate: Industry. Amazon, Flipkart offer discounts to clear stocks ahead of GST roll-out. Airtel-Telenor merger receives CCI approval. Siri, WeChat may expose you to voice hacking risk: Scientists. Apple to enable p2p payments within iMessage. Uber, Ola promote cab-sharing services to offset dip in regular rides. iOS 11: Here are the new features coming to Apple iPhone and iPad this fall. Will Infosys, TCS hire 40,000 techies? No, suggests Head Hunters India. Micromax Yu Yureka Black hits the sweet spot, ticks almost all right boxes. Carmakers Audi, BMW, Ford bring younger CEOs to driving seat. 28 hours a week: Indians spend 7X more time on smartphones than on TV. Babri prosecution will not be safe in CBI hands unless SC monitors its work. Does Instagram copy Snapchat? Insta CEO admits 'stories' similar to 'snaps'
Inside story behind Modi govt's move to regulate cattle slaughter markets. Airtel, Telenor file joint application for merger approval before NCLT. Don't like Aadhaar? Watch out for Twitter trolls like these. Samsung Galaxy S8+ with 6GB RAM launched in India; priced at Rs 74,990. Trump has a very honest view of things, I like such people: Vladimir Putin. Truecaller beats Facebook, becomes 4th most downloaded app in India: Report. Reliance Jio's 4G download speed at an all-time high of 19.12 mbps in April. TCS increases local hiring in US, applies only for a third of H-1B visas. Azim Premji's salary drops 63% as Wipro sees slowdown in profits. Food tech to be a billion-dollar sector in 2 years. GST regime: Khadi yarn, Gandhi topi, national flag to not attract any tax. GST levy to provide level-playing field to organised retail: CARE ratings. BoI may sell stake in subsidiaries to raise capital to deal with bad loans.
Jio effect: Tata Tele's net worth erodes by Rs 11,650 cr. 100 GB broadband data for Rs 500: Reliance Jio may launch JioFiber by Oct. Smartron srt.phone: A fine deal if you are a die-hard Sachin Tendulkar fan. Sachin: A Billion Dreams: A glorified account of an over-glorified celeb. Modi's Germany visit signals Asian pivot for Atlanticist Angela Merkel. iPhone 8 to feature new display format with OLED design: Report. Modi govt's cattle trade ban to halt $4 bn beef exports, lead to job losses.
ITC Q4 net up 12% at Rs 2,669 crore. Hindustan Petroleum Q4 net jumps 31% to Rs 1,819 crore. IT job cuts: Infosys founder Narayana Murthy saddened by recent layoffs. Infosys, other Indian IT firms discovering benefits of hiring locals in US. Bharti Airtel offers 1,000 GB of extra data on selected broadband plans. Facebook files patent application for payment services via messages.
Pink slip woes: Maharashtra labour dept calls IT union, Cognizant for talks. iPhone production: India offers a homemade road map to Apple. Customers will force Airtel, Vodafone, Jio into battle for market share. BJP plans to extol PM as 'innovator' to mark three years of Modi govt. Arnab Goswami gets notice from Delhi HC for alleged Times Now 'theft' Xiaomi Redmi 4 on sale from noon today: Phone's a steal at Rs 6,999. Saharanpur protests herald a new phase in Uttar Pradesh's dalit politics. Manchester attack: 22 dead; kids missing from concert, here is what we know. No, Google's not a bird: Bringing the internet to rural India. New Truecaller update rolls out Group Messaging, MMS features for users. Reliance Jio user addition slowing; Airtel could be long-term winner: UBS. Implementation of swadeshi policies have started benefitting, says Vellayan. Dangal set to beat Baahubali-2, grosses over Rs 1,500 crore worldwide. IPL final 2017: Mumbai Indians beat Rising Pune Supergiant; Dhoni defeated.
Maruti Swift outruns Alto as best selling hatchback in April. Honda suspends operations at Noida facility due to power, water shortage. LG to tap into India's Rs 150-cr air purifiers market. Zuari Agro Chemicals approves Rs 1,300 cr to revamp ammonia-urea plants. LIC earned over Rs 180k cr from investments in FY17. Gitanjali Gems, Titan, PC Jeweller among world's top 50 luxury goods cos. Himalaya eyes to double market share in men's facewash to 20% Bajaj Auto in recovery mode in FY18 after note ban; BS-III ban hit sales.