Anil Wadhwani, Chief Executive Officer, Prudential plc, said:...
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Meta fined €798 million by EU over abusing classified ads dominance
“Meta tied its online classified ads service Facebook Marketplace...
CCI restricts WhatsApp sharing data with other Meta entities, imposes $25.4 mln fine
"Sharing of user data collected on WhatsApp with other Meta...
Over 50 countries want to adopt Co-Win system for vaccination drive: R S Sharma
“The Cowin platform has become so popular that as many as 50 countries from central Asia, Latin America, Africa all showed interest in having a Co-win like system,” Sharma said at the second Public Health Summit 2021 on ‘Emerging Imperatives in Strengthening Public Health for India’ organised by Confederation of Indian Industry.
He also said a virtual global conclave of health and technology experts from across the world will be held on July 5 where India will share how this system works.
The trillion dollar climate finance challenge (and opportunity)
Many countries lack the financial resources to make the transition to clean energy and a sustainable way of life that could reverse climate change.
The UN says that says that climate finance is the answer because not investing will cost even more in the long-term, but also because there are significant opportunities for investors.
Tesla to recall 285,000 cars in China and fix cruise control function
In a message to customers on the Chinese social media platform Weibo on Saturday, Tesla said, There are potential safety hazards in extreme cases.
Phase 1 of Ola e-scooter factory nearing completion, rollout soon: CEO
The launch of the electric scooter is in line with Ola’s global vision of moving mobility into a more sustainable, accessible and connected future.
“The EV revolution is coming! From Karnataka in 2017 to Gujarat just this week, 21 states and UTs are now incentivising EVs to make them affordable. We’re committed to accelerating this with #OlaFuturefactory and our scooter that’s coming soon,” he had tweeted.
While the company is yet to disclose the pricing and specifications of its e-scooter, Ola has stated that it is working on setting up a ‘Hypercharger Network’ to include one lakh charging points across 400 cities.
CAIT urges govt not to dilute draft e-commerce rules
Nangia Andersen LLP Partner Sandeep Jhunjhunwala said the proposed rules like appointment of a chief compliance officer, a nodal contact person and a resident grievance officer may go a long way in protecting consumer interests, but could create a ‘massive’ compliance burden on corporations, especially those operating from outside India.
‘Currently, the rules neither provide any threshold for applicability nor any timelines or validity for DPIIT (Department for Promotion of Industry and Internal Trade) registration, becoming onerous for emerging companies,’ he said.
Pharmeasy to acquire diagnostics chain Thyrocare in a deal worth over Rs 6,300 crore
Pharmeasy is primarily into medicine deliveries.
At present, Thyrocare has a network of 4,000 partner labs while Pharmeasy serves 17 million customers monthly through its network of 6,000 digital consultation clinics and 90,000 partner retailers.
”We feel diagnostics is very important, Thyrocare has an outstanding backend, a very low cost structure and we have an unbelievable front end,” API Holdings’ Chief Executive Siddharth Shah told after signing the agreement.
Novel method to accurately, quickly detect COVID-19 from phone swabs
The new method, described in the journal eLife on Tuesday, detected the COVID-19 virus on the phones of 81 to 100 per cent of contagious people with a high viral load, suggesting it is as accurate as antigen tests.
The researchers noted that globally active screening for COVID-19 is still a priority as new variants keep emerging and the vaccination rollout is not guaranteed in many countries.
However, testing is expensive and can be physically unpleasant, both of which are significant hurdles on the road to an effective test and trace system, they said.
Intel CEO says chip shortage to hit bottom in second half of 2021
“I don’t expect the chip industry is back to a healthy supply-demand situation until ’23,” he said in an interview. “For a variety of industries, I think it’s still getting worse before it gets better.”
Longer-term, the chip industry is positioned for a period of growth, Gelsinger predicted. Over the next decade, the increasing uses for chips – including 5G phone systems, electric vehicles and expanded artificial intelligence – will drive strong demand, he said.
Many large e-comm firms have blatantly flouted laws of land: Goyal
Commerce and Industry Minister Piyush Goyal said that many of the practices which these companies follow are against the interest of consumers and the government has recently come out with draft rules for e-commerce companies or marketplace models, which are applicable to all entities including Indian.
These rules are to protect consumer interest, he said at a webinar.
EVs to dominate sales 5 years sooner than expected in US, Europe: EY
In terms of EV sales volumes, Europe is expected to lead the way until 2031, with China taking the lead from 2032 to 2050.
According to Randall Miller, EY Global Advanced Manufacturing and Mobility Leader: “A mix of changing consumer attitudes, ambitious climate-focused regulations and technology evolution is about to change the landscape of vehicle buying forever. While the automotive industry has begun to more fully embrace the move toward electrification, the impact of this seismic shift is arriving sooner than many expected.”