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Big agrochem firms may use drones for chemical spraying this kharif season

Big agrochem firms may use drones for chemical spraying this kharif season

Major plant protection companies, including biggies like Bayer, Syngenta, Dhanuka Agritech, BASF, UPL and Insecticides India Ltd (IIL), are planning to use drones on an experimental basis to spray chemicals this kharif season to understand its pros and cons before large-scale adoption for commercial use.

However, for some, the prohibitive cost of drones and the scarce availability of good quality drones is acting as a hindrance in realising some of the plans, market players and industry sources said.

Razorpay appoints former AWS executive Murali Brahmadesam as new CTO

Razorpay appoints former AWS executive Murali Brahmadesam as new CTO

Fintech unicorn Razorpay has appointed Murali Brahmadesam, a former executive of Amazon Web Services (AWS), as head of engineering and chief technology officer.

The role was held by Razorpay’s co-founder, Shashank Kumar, who is now designated the company’s co-founder and managing director.

Edtech company Byju's pushes back payments for $1 billion acquisition

Edtech company Byju's pushes back payments for $1 billion acquisition

Online education provider Byju’s is pushing back payments for an approximately $1-billion acquisition struck last year, according to people familiar with the matter.

Blackstone and other shareholders of Aakash Educational Services were due to be paid partly in cash and partly in Byju’s stock this week, but Byju’s sought a two-month extension, said the people, who asked not to be identified discussing a private matter. Some sellers received partial payment in 2021, the people said.

Infosys selected to manage technology separation from Toll Holdings

Infosys selected to manage technology separation from Toll Holdings

IT services company, Infosys, on Tuesday announced it has been selected by Australian express logistics business, Global Express, to separate the technology landscape post divestment from Toll Holdings.

Building on its strategic collaboration with Global Express to drive hybrid cloud-powered innovation, Infosys will leverage the blueprints and tools from Infosys Cobalt, a set of services, solutions and platforms for enterprises to accelerate their cloud journey.

India's first indigenous mRNA vaccine likely to be available soon

India's first indigenous mRNA vaccine likely to be available soon

Soon India may have its first indigenous mRNA vaccine that is stable at 2-8 degrees Celsius as the expert panel advising the Central Drugs Standards Control Organisation (CDSCO) has green-signalled Gennova Biopharma's mRNA vaccine candidate for Covid19.

The Subject Expert Committee (SEC) has recommended granting the Emergency Use Authorisation (EUA) to the country's first mRNA-based Covid-19 vaccine in a meeting held on Friday, according to reports.

Low-profile billionaire philanthropist Pallonji Mistry passes away at 93

Low-profile billionaire philanthropist Pallonji Mistry passes away at 93

Billionaire philanthropist Pallonji Mistry died early today morning at his home. He was 93.

Mistry, whose family has owned a sprawling construction business for over a century -- the Shapoorji Pallonji Group and 18.4 per cent stake in Tata Sons, is survived by his sons Shapoor and Cyrus and a daughter, Aloo. Mistry was ailing for a long time, group officials said.

Zomato tumbles 14% in two days post Blinkit acquisition deal

Zomato tumbles 14% in two days post Blinkit acquisition deal

Shares of Zomato extended their decline as they shed 7.5 per cent on Tuesday, to hit a low of Rs 61 per share on the BSE. The stock has declined 14 per cent in two days after it announced the acquisition of quick commerce firm Blinkit.

Over the weekend, the company announced acquisition of loss-incurring firm Blinkit for Rs 4,447 crore.

HC quashes order on taxing Flipkart payment to Walmart for deputed staff

HC quashes order on taxing Flipkart payment to Walmart for deputed staff

In a second major ruling on seconded employees in recent times, the Karnataka High Court has set aside an order of the Income-Tax Department that called upon Flipkart Internet to withhold tax on the payments it made to Walmart as remuneration to the staff it hired from the US major.

Seconded employees refer to those sent on deputation for a stipulated period for the mutual benefit of the companies concerned.

58% e-commerce consumers say their negative ratings not published: Survey

58% e-commerce consumers say their negative ratings not published: Survey

The government’s consumer affairs department said in May will create a framework to curb fake reviews. Now, a recent survey by LocalCircles finds 58 per cent of consumers said e-commerce websites don’t publish their negative ratings and reviews.

LocalCircles said the survey received over 69,000 responses from more than 38,000 unique consumers in 284 Indian districts.

India logs 17,073 Covid-19 infections, registers over 45% rise in new cases

India logs 17,073 Covid-19 infections, registers over 45% rise in new cases

India has reported over 45 per cent single-day rise in new Covid cases after 17,073 infections were reported in a span of 24 hours, the Union Ministry of Health and Family Affairs said on Monday.

On Sunday, a total of 11,739 Covid cases were reported.

The country has also reported 21 new Covid deaths, taking the nationwide toll to 5,25,020.

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