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India Inc raises concerns over draft Digital Competition Bill
"The bill will impact various sectors and domains of the digital...
Consumer Affairs Secy cautions e-commerce on ‘unfair’ dark patterns
Nidhi Khare, Secretary, Consumer Affairs ``Various ways to refrain...
End of combustion engine moves closer with EU climate plan
Under a new climate target for 2030, European automakers would need to embrace tougher pollution standards, with new rules that could retire combustion engines to science museums. Energy will grow increasingly cleaner, with an additional 350 billion euros ($415 billion) per year required for investment in production and infrastructure. And to help cut greenhouse gases in agriculture, Europeans would be encouraged to eat less meat.
With airline fleets grounded, plane recyclers bet on parts boom
In 2020, Naveo expects 2,000 aircraft will be retired, or parked and not returned to service, up from 680 in 2019. But those planes would not all be immediately dismantled, as some carriers wait in case market conditions improve, Managing Director Richard Brown says.
Indeed, UK-based Air Salvage International, which normally dismantles between 40 and 50 aircraft a year, has parked more planes without a buyer for their parts since the COVID-19 outbreak. Founder Mark Gregory expects most will eventually be dismantled.
Flyers can take videos in flights but can’t use recording gadgets: DGCA
New Delhi: Aviation regulator DGCA "clarified" on Sunday passengers can take photos and videos inside flights but can't use any recording equipment that creates chaos, disrupts flight operations, violates safety norms or is banned by the crew...
Battery-Powered face mask seeks to fight Covid and foggy glasses
LG Electronics’ PuriCare Wearable, which comes in one size and weighs as much as a pair of ski goggles, features two fans and high-efficiency particle air filters that clean air coming in and exhaled breath going out.
As authorities increasingly urge the public use of face masks to prevent the spread of the coronavirus, manufacturers have turned their attention to making such gear more comfortable without compromising safety.
Portland votes for first-ever U.S. ban on corporate use of facial recognition
Facial recognition software can identify individuals in photos and videos based on a database of known subjects.
Several U.S. cities, including San Francisco and Oakland, have previously banned government use of facial recognition.
Insurtech for assessing medical risk and cost of care raises $1.5mn
i3 Systems is an Indian AI product company for insurers, to estimate the medical risk and cost of care. The products work seamlessly on digital and unformatted data in complex healthcare and financial documents. The startup plans to use the funds to advance technology that enables seamless adoption of their product across all repetitive business processes in the BFSI industry.
Alok Agarwal, CFO, Reliance Industries and Zhooben Bhiwandiwala, president, Mahindra Partners are co-investors in i3 systems along with Unitus Ventures
Insurers face threat as Amazon to enter motor insurance market:GlobalData
Yasha Kuruvilla, Insurance Analyst at GlobalData, comments: “Since customers are reluctant to purchase insurance from tech companies, partnering with a third-party provider is the better strategy, at least until they become recognized names in insurance. Amazon’s partnership with insurtech Acko rather than an incumbent also highlights the retailer’s desire to work with digital and agile companies. This will put added pressure on incumbents, not only due to the emergence of a new large entrant in the market, but also the need to digitalize if they want to work with tech companies in any other future insurance ventures.”
RBI in process of constructing digital payment index to assess extent of digitisation: Exec director
“RBI is in the process of…constructing and periodically publishing a composite digital payment index (DPI) to capture the extent of digitisation. The DPI could be the key to accurately measure the deepening and penetration of digital payments across the country,” he said while addressing a webinar organised by the US-India Business Council.
Pandemic e-commerce surge spurs race for ‘Tesla-like’ electric delivery vans
UPS, Amazon.com Inc and other e-commerce delivery companies are both creating and shaping the emerging market for electric vans and trucks. Economics and competitive advantages created by data will drive the market for electric commercial vehicles.
Demand for electric commercial vehicles is accelerating in part because battery range, long a concern for fleets, has improved dramatically, while battery costs have fallen.
Indian Oil gets USTDA support in its green tech endeavour
The US Trade and Development Agency’s (USTDA) funding will support state-owned IOC’s evaluation of technologies to capture and utilise carbon dioxide produced during refinery operations, presenting a novel and cost-effective environmental strategy that can be expanded to other refineries in India, according to a statement on Wednesday.