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Mitsubishi Aircraft launches redesigned version of SpaceJet MR70
Posted on 14th June 2019
Japan's Mitsubishi Aircraft Corp rebranded its Mitsubishi Regional Jet (MRJ) family jets to be called the "SpaceJet" and unveiled a redesigned version of the smaller jet to help improve its sales prospects in the large US market.

The SpaceJet M100, the revamped version of the MRJ70, will now have up to 76 seats in a typical US cabin configuration rather than the earlier 69 seats, the company said on Thursday, making it a more attractive offering for regional carriers with contracts to major carriers.

Ola sets up tech centre in San Francisco, home turf of rival Uber
Posted on 14th June 2019
Ride-hailing firm Ola is taking on Uber by setting up a first-of-its-kind ‘Advanced Technology Center’ at San Francisco, in the United States (US), where rival Uber is headquartered.

Bengaluru-based Ola plans to build a team of more than 150 engineers working out of the centre to develop next-generation technology in mobility.

Telecom panel tells Trai to review recommendations on 5G spectrum sale
Posted on 14th June 2019
The Digital Communications Commission, the highest decision-making body in the telecom sector, on Thursday asked the Telecom Regulatory Authority of India (Trai) to review its recommendations on 5G spectrum sale, scheduled to take place in the calendar year to auction 8,644 MHz of airwaves, and make available a higher amount of spectrum, besides approving the rollout of airwaves for 5G trials in 100 days.

Agri minister Tomar asks states to speed up PM-KISAN scheme enrolment
Posted on 14th June 2019
Union Agriculture Minister Narendra Singh Tomar has asked state governments to soon complete the enrolment of all farmers under the flagship Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme.

Officials said around 90 million farmers are yet to enrol under the expanded PM-KISAN. The scheme was recently tweaked to include all farmers, irrespective of their land holdings.

Private insurers continue strong growth in May, smaller ones gain more
Posted on 13th June 2019
That Life Insurance Corporation of (LIC) India is losing market share to private insurers hand over fist over the last several years is well known.

The insurance behemoth’s market share in adjusted individual business premium was 42.4% in May, a decline from the previous month.

Thanks to India, Google is making new products
Posted on 13th June 2019
Google’s Indian-American CEO Sundar Pichai has said that the scale of India’s market has allowed Google to develop new products in the country and take it to the global level, the internet giant’s Indian-American CEO Sundar Pichai has said.

Addressing the India Ideas Summit of US India Business Council (USIBC), Pichai also said that India and the US can lead on standardisation of privacy frameworks for better safeguards against privacy to ensure free flow of digital trade.

Infosys spends lakhs on training freshers; each talent costs this much to the tech firm
Posted on 13th June 2019
India’s second largest information technology services firm Infosys spends about Rs 14 lakh on the training of each student, after which it takes them 12 weeks to become productive, Ravi Kumar, President and Deputy COO, told CNBC TV18. Infosys, which hires students from schools and colleges, has picked some 3,000 students and is focussing on training, skilling and building talent locally, Ravi Kumar added.

Johnson & Johnson, Colgate ordered to pay almost $10million in California talc case
Posted on 13th June 2019
Johnson & Johnson and Colgate-Palmolive Co. must pay almost $10 million to a dying California woman who blamed the companies’ talc-based products for her rare cancer. The jury verdict in state court in Oakland is another setback for J&J, the world’s largest maker of health-care products, marking its 11th loss since trials over cancer claims tied to J&J’s talc-based powders began in 2016, according to data compiled by Bloomberg.

RCom to Jet: Here are 10 worst-performing stocks of 2019. Do you own any?
Posted on 13th June 2019
At a time when the frontline benchmark index on the BSE, the S&P BSE Sensex, breached the 40,000 mark, nearly 275 stocks that comprise the BSE 500 index have given a negative return thus far in calendar year 2019 (CY19).

A ‘hope rally’ that the Narendra Modi – led National Democratic Alliance (NDA) would secure a second consecutive term continued post the outcome of the general election as well.

Adani gets go ahead to start long delayed coal mine project in Australia
Posted on 13th June 2019
Adani Enterprises on Thursday received the go-ahead to start construction of a controversial coal mine in outback Australia, after a state government approved a final permit on ground water management.

The Carmichael mine has been a lightning rod for climate change concerns in Australia, and was seen as a factor in the surprise return to power of the conservative Liberal/National coalition in a national election in May.

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