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Volvo unveils driverless electric bus in Singapore; to start trial soon
Posted on 5th March 2019
Volvo and a Singapore university unveiled a driverless electric bus Tuesday that will soon undergo tests in the city-state, the latest move towards rolling out autonomous vehicles for public transport.

High-tech Singapore has become a testbed for self-driving technology and the world's first driverless taxis went into operation in a limited public trial in the country in 2016.

Swedish automaker Volvo Buses and its local partner Nanyang Technological University (NTU) unveiled what they described as a full-size autonomous electric bus and said the vehicle would soon start trial runs in the university's sprawling campus.

Related Companies: Volvo India   

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3 Indians join Manika in singles main draw ITTF World C'ships
Posted on 23rd April 2019
Three Indian women paddlers on Monday qualified for the main draw of ITTF World Championships on the second day of the competition at Budapest.

Suthirta Mukherjee, Madhurika Patkar and Archana Kamath have joined Manika Batra in the main draw of women's singles, while Anthony Amalraj and Manav Thakkar are just a match away from making the cut in the men's singles.


DoT floats draft proposal on 4G spectrum to BSNL, MTNL
Posted on 23rd April 2019
New Delhi: The Department of Telecom is learnt to have circulated a draft cabinet note for the allocation of 4G spectrum to BSNL and MTNL and implementation of a voluntary retirement scheme at the two loss-making telecom PSUs.

The department has sought comments of the key ministries on the proposals, an official source told PTI.


GST rate cuts now benefitting consumers more than before: Survey
Posted on 23rd April 2019
New Delhi: Consumers are of the view that they are benefitting from the Goods and Services Tax (GST) rate cuts now more than before as businesses and traders increasingly lower prices to the extent of the reduced tax rates, an online survey of 16,000 people has found.

The survey held by online community of consumers Local Circles has shown a steady improvement in customer experience between June 2018 and April 2019 on getting the benefit of tax cuts intended for them.


Banking on banks: Air India SPV seeks to lower debt burden
Posted on 23rd April 2019
Since the Rs 29,464-crore Air India working-capital debt taken over by it is backed by a sovereign guarantee, the Centre’s special purpose vehicle Air India Assets Holding (AIAHL) is set to ask banks to cut interest rate on bulk of the loan to about 8.5% from 10.5-11% now.

The shifting of this debt to AIAHAL from the carrier was one of the steps taken to make the airline attractive to potential buyers.


SECI extends deadline for 3,000 MW solar tender
Posted on 23rd April 2019
The Solar Energy Corporation of India (SECI) has extended the deadline for receiving bids for the government’s manufacturing-linked solar scheme to May 14. This is the third time the SECI has extended the date – original deadline was March 18, 2019. The scheme seeks to set up 3 gigawatt (GW) of solar plants against 1.5 GW of manufacturing units.

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