Schneider to acquire L&T electrical and automation business

In its biggest divestment so far, engineering conglomerate Larsen & Toubro (L&T) has said it would sell its electrical and automation business (E&A) to France-headquartered Schneider Electric for a cash consideration of Rs 140 billion. The divestment plan, which was first discussed in the summer of 2015, took three...
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Indian markets likely to be dull ahead due to uncertainties

After posting its biggest monthly jump in two years, the Indian market is likely to face resistance if oil prices rise further and the rupee’s slide continues. Political uncertainty, possibility of disappointment in earnings of banks and a surge in stock valuations — following a 7% jump in the...
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Eco-friendly vehicle: Lack of policy stops Honda

Bringing eco-friendly automotive technologies to India in the absence of a clear policy framework is a challenge, according to Japanese auto major Honda. The company which has announced that by 2030 two-thirds of its production will be non-conventional – either hybrid, plug-in, electric or fuel cell vehicles – said...
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Cashback and discount: Govt plans to boost online transactions

The Narendra Modi government is working on a proposal to incentivise digital transactions by providing cashbacks to businesses and price benefits to consumers, as per the latest reports. As per the proposal being worked out by the Revenue Department, consumers paying through the digital mode would be offered a...
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No more work permits for H-1B visa spouses anymore

The Trump administration is planning to end allowing spouses of H1-B visa holders to work legally in the US, a top federal agency official has told lawmakers, a move that could have a devastating impact on tens of thousands of Indians. The move to end the Obama-era rule could...
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Drop as much as you want, this smartphone won’t break

The mid-tier flagship segment in India’s smartphone market is a rather unchartered territory – for want of competition, OnePlus has had a free run here with its feature-rich smartphones with top-tier specifications. However, the new Moto Z2 Force, from the house of Lenovo-owned Motorola, looks set to end that...
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UDAN – Bud-Jet air travel for all

The UDAN (Ude Desh ka Aam Naagrik) Scheme is a key component of the Prime Minister Narendra Modi’s National Civil Aviation Policy (NCAP) which was released by the Ministry of Civil Aviation (India) on June 15, 2016. UDAN is a regional airport development and “Regional Connectivity Scheme” (RCS) initiated...
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Alzheimer’s prevalence, deaths and cost of care on the rise

For the second consecutive year, total payments to care for individuals living with Alzheimer’s or other dementias are projected to surpass a quarter of a trillion dollars ($277 billion), which includes an increase of nearly $20 billion over last year, according to the latest data reported in the Alzheimer’s...
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