The Supreme Court on Wednesday slammed real estate developer Supertech over non-payment to the homebuyers for flats which were ordered to be demolished. A bench headed by Justice DY Chandrachud told Supertech to keep their office in order and to make the payment to home buyers by January 17. It said that no amount should … Read more
European Union regulators warned that frequent Covid-19 booster shots could adversely affect the immune system and may not be feasible. Repeat booster doses every four months could eventually weaken the immune system and tire out people, according to the European Medicines Agency. Instead, countries should leave more time between booster programs and tie them to … Read more
The Unique Identification Authority of India (UIDAI) is open to looking at solutions that can enable ‘partial authentication’ where needed, and is keen to get feedback from the industry about the demand for such solutions, its CEO Saurabh Garg said on Tuesday. The Aadhaar-issuing body is also exploring possibilities for the usage of blockchain and … Read more
Marc Andreessen is among the biggest defenders of the prospects of Web3. Web3 is proving to be the most divisive idea in the tech sector in years. Proponents see it democratizing the internet, while critics view it as a VC plaything. Investors say there are challenges to overcome, but the adoption of Web3 could be … Read more
A consortium led by South Korean electric carmaker Edison Motors Co has agreed to acquire debt-ridden SsangYong Motor Co Ltd for 305 billion won ($254.65 million), SsangYong Motor said on Monday. SsangYong is burdened with high debt and its vehicle sales last year fell to 84,496, down about 21% from a year earlier, a regulatory … Read more
With the fresh wave of COVID-19 plunging the hospitality sector back into uncertainty, industry body HAI on Monday said it has asked the government to consider granting infrastructure status to hotels, extend moratorium on loans and rationalise taxes. In its pre-Budget memorandum, the Hotel Association of India (HAI) said policy interventions are imperative for the … Read more
From Plc to Colgate-Palmolive Co., consumer goods makers in India are facing distribution blues that have nothing to do with pandemic-induced shortages and bottlenecks. The trusted middlemen that brands have traditionally relied on to reach millions of small neighborhood stores in 8,000 towns and 660,000 villages are in revolt. It’s a mutiny that the multinationals … Read more
Tiger Global-backed Groww on Saturday said Microsoft chief executive officer Satya Nadella has joined the company as an investor and advisor. “Groww gets one of the world’s best CEOs as an investor and advisor. Thrilled to have @satyanadella join us in our mission to make financial services accessible in India,” Groww’s co-founder and CEO Lalit … Read more
The cost of both new and used cars is expected to remain higher than average throughout 2022. The increased prices are attributed to high demand for automotives, paired with inventory constraints. President Biden said in a speech this week that he is working to alleviate bottlenecks driving up costs. Skyrocketing prices for both new and … Read more