Scientists have developed a new molecule that attaches to the surface of the SARS-CoV-2 virus and prevents it from entering human cells and spreading the COVID-19 infection. The researchers at Aarhus University in Denmark noted that the molecule is cheaper and easier to manufacture than the antibodies currently used to treat COVID-19, and to detect … Read more
To further strengthen the supervision on non-banking entities (NBFCs), the Reserve Bank on Tuesday issued revised guidelines on a Prompt Corrective Action (PCA) framework for such companies, excluding government-owned ones, effective from October 1, 2022, on the lines of what it had introduced for banks in 2002. The RBI came up with stricter supervisory norms … Read more
ICICI Bank has scrapped the bell curve assessment for employees which rewards individual outperformers, as part of a human resource (HR) policy overhaul. This means employee targets based on individual performances have been done away with for the first time in its history. Salary hikes and bonuses will now be linked directly to the bank’s … Read more
Ninjacart, a business-to-business marketplace for agricultural produce, said on Monday it has raised $145 million (Rs1,095 crore) in a fresh round of funding from existing investor Walmart Inc. and its Indian e-commerce arm Flipkart. Ninjacart will utilize this capital for technology upgradation and better infrastructure to organize, empower and enhance the lives of agri-value chain … Read more
Defend What Makes Twitter Tick: Clinton called Twitter the “last bastion of truth discovery.” “Important conversations in pursuit of truth happen on Twitter more than any other social network in world, more than any other place in the world,” the analyst wrote. The advantage that the company holds in this area is “fragile,” as per … Read more
Can expansion of 5G networks and aviation co-exist in a safe manner? What has the FAA directed? The story so far: On December 7, 2021, the U.S. Federal Aviation Administration (FAA) issued two airworthiness directives (with effect from December 9, 2021) that are to create a framework as well as gather more information about the … Read more
Consumer technologies brand boAt, owned by Imagine Marketing Pvt. Ltd, has carved a niche as a cool online wearable brand. The company has tied up with a clutch of celebrities, including Taapsee Pannu, Kiara Advani and Diljit Dosanjh, to promote its brand. “We talk to consumers in a language they understand. Millennials are very impatient, … Read more
Nivruti Rai, country head of Intel India, says the company has piloted a project in India called WoW, or Wireless over Wire, that takes internet through electricity wires. Given that most villages have electricity connections, this could be a big breakthrough in making the internet available to remote areas if the technology is proved viable. … Read more
Prime Minister Narendra Modi was speaking at the ‘Depositors First: Guaranteed Time-bound Deposit Insurance Payment up to Rs 5 lakh’ Prime Minister Narendra Modi on Sunday said that the move to increase deposit insurance cover to ₹5 lakhs from ₹1 lakh, will fully insure ₹76 lakh crore of savings. “Such a comprehensive insurance cover is … Read more