DIRS.INFO The most relevant business & tech news

☆ Watch a parking lot of around 100 Teslas put on a light show tribute to the Oscar-winning song 'Naatu Naatu'
▼ + stars: | 2023-03-21 | by ( Grace Mayer | ) www.businessinsider.com time to read: +3 min

A video on Twitter shows around 100 Tesla vehicles performing a light show to the popular song "Naatu Naatu." The official "RRR" account also shared footage from the event, which has racked up over 8.8 million views. Custom Tesla light show websites created by Tesla fans have also cropped up. The website TeslaLightShows.io allows users to upload and download free custom light shows from other Tesla owners. To perform a light show, Tesla owners can follow similar set-up instructions as setting up Tesla's "Boombox" feature, per Tesla's website.

[1/2] Air India passenger aircraft are seen on the tarmac at Chhatrapati Shivaji International airport in Mumbai, India, February 14, 2023. Current limits on the amount of flying allowed between India and many markets date back to heavy losses at Air India around the beginning of the last decade, analysts said. "We are not getting enough share from this market," Turkish Airlines Chief Executive Bilal Eksi told the CAPA India conference. "I think it's about time that our carriers looked at the international market with greater focus. Other analysts noted India is not alone in making use of a post-war system of air traffic agreements to aid development.

☆ Two Indian pilots were grounded after a photo of coffee and snacks balanced dangerously on cockpit controls was shared on social media
▼ + stars: | 2023-03-17 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

A photo shared on social media showed an uncovered cup of coffee perched on a plane's cockpit controls. Indian airline SpiceJet grounded the two pilots, adding that disciplinary action would follow. The photo, which was shared widely on social media, does not show the pilots' faces. "All pilots are aware of the dangers of spilled liquids in the cockpit," he said, per the media outlet. Indian aviation rules allow pilots to have food and drink in the cockpit but under strict guidelines, per BBC News.

☆ India tech minister plans to meet startups on SVB fallout
▼ + stars: | 2023-03-12 | by ( ) www.reuters.com time to read: +3 min

"Start-ups are an important part of the new India economy. I will meet with Indian Startups this week to understand impact on them and how the government can help during the crisis," Rajeev Chandrasekhar, the state minister for IT said on Twitter. "Spoke to some founders and it is very bad," Ashish Dave, CEO of Mirae Asset Venture Investments (India), wrote in a tweet. "Especially for Indian founders ... who setup their U.S. companies and raised their initial round, SVB is default bank. Software firm Freshworks (FRSH.O) said it has minimal exposure to the SVB situation relative to the company's overall balance sheet.

☆ India tech minister says to meet startups on SVB fallout
▼ + stars: | 2023-03-12 | by ( ) www.reuters.com time to read: +2 min

MUMBAI, March 12 (Reuters) - India's state minister for technology said on Sunday he will meet start-ups this week to asses the impact on them of Silicon Valley Bank's (SIVB.O) collapse, as concerns rise about the fallout for the Indian start-up sector. "Start-ups are an important part of the new India economy. I will meet with Indian Startups this week to understand impact on them and how the government can help during the crisis," Rajeev Chandrasekhar, the state minister for IT said on Twitter. "Spoke to some founders and it is very bad," Ashish Dave, CEO of Mirae Asset Venture Investments (India), wrote in a tweet. "Especially for Indian founders ... who setup their U.S. companies and raised their initial round, SVB is default bank.

☆ Doctor-Rating Websites Lack Convictions and Medical Malpractice Claims Against Some Physicians
▼ + stars: | 2023-03-11 | by ( Julie Wernau | ) www.wsj.com time to read: 1 min

If you’re using online ratings to pick a doctor, you may not get the whole picture. An Indiana doctor has top marks on several physician-review sites, with one patient writing that the doctor was the best she had seen in years. The site, however, is missing some key information—including his conviction for insurance fraud, medical-malpractice claims and a licensing-board sanction. Doctor-rating websites regularly fail to mention such black marks on physicians’ records, according to research published in November in the Journal of Empirical Legal Studies.

[1/5] Asylum seekers board a bus after crossing into Canada from the U.S. in Champlain, New York, U.S., February 28, 2023. Many of the arrivals abandoned plans to seek asylum in the United States, deterred by long processing times and restrictive definitions for asylum, according to aid officials and interviews with asylum seekers. "We want to help asylum seekers stabilize their lives whether in New York City or elsewhere." The Quebec government has said the increase in asylum seekers is straining its capacity to house people and provide basic services. Immigration experts said closing off the border to asylum seekers could push migrants to take even riskier routes.

Many of the arrivals abandoned plans to seek asylum in the United States, deterred by long processing times and restrictive definitions for asylum, according to aid officials and interviews with asylum seekers. "We want to help asylum seekers stabilize their lives whether in New York City or elsewhere." REUTERS/Christinne Muschi Acquire Licensing RightsThe Quebec government has said the increase in asylum seekers is straining its capacity to house people and provide basic services. The federal government said it has relocated more than 5,500 asylum seekers to other provinces since June, the first time it has done so. Immigration experts said closing off the border to asylum seekers could push migrants to take even riskier routes.

Persons: Zulema Diaz, Maryangel Diaz, Carlos Osorio, Diaz, Justin Trudeau, Joe Biden, Sean Fraser, Alejandro Mayorkas, Trudeau, Biden, Zulema, Eric Adams, Kate Smart, Fabien Levy, Smart, Ilze Thielmann, Raymond Theriault, Theriault, Christinne, Pierre, Luc Bouchard, You’re, Jamie Chai Yun Liew, Anna Mehler Paperny, Ted Hesson, Denny Thomas, Suzanne Goldenberg Organizations: REUTERS, New, . Homeland, Washington , D.C, Ottawa, New York City, Department of Homeless Services, U.S . Department of Homeland Security, Reuters Graphics Canada, United, Colombian, Immigration, Refugee Board, Canadian, Reuters, U.S, . Citizenship, Immigration Services, TLC, Border Patrol, University of Ottawa, Thomson Locations: U.S, Quebec, Niagara Falls , Ontario, Canada, CHAMPLAIN , New York, WASHINGTON, Peru, United States, New York City, Plattsburgh, Washington ,, New York State, New York, Haitian, Syracuse, El Paso, West Virginia, Niagara Falls, Guatemala, Champlain , New York, Montreal, Canada's province, Manitoba, Washington

NEW DELHI, March 10 (Reuters) - Boeing Co (BA.N) said on Friday it would set up a facility in India to convert 737 passenger planes into dedicated freighters to tap into regional and global demand for the service. The investment, which adds to the U.S. manufacturer's expansion into India on top of a record plane order by flag carrier Air India, comes despite a global economic slowdown that has weakened the global air cargo market. The International Air Transport Association (IATA) said global cargo demand in January fell almost 15% year-on-year. He did provide any details about when the facility would be set up or the size of the investment. The planned facility comes amid a push by Boeing to expand in India, including a $24 million investment to set up a logistics centre for aircraft parts.

☆ US pick to lead World Bank, Ajay Banga, wins more support
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, March 9 (Reuters) - Three Nobel laureates and dozens of civil society, climate change and philanthropic leaders on Thursday endorsed U.S. President Joe Biden's nominee to lead the World Bank, ex-Mastercard (MA.N) Chief Executive Officer Ajay Banga. "Ajay Banga possesses a rare combination of leadership; track record of building successful alliances across the public, private, and social sectors; and experience working in developing countries," they wrote. "He's the right person to lead the World Bank at this critical moment." "He understands that the World Bank must serve as a force multiplier by setting the right agenda and then catalyzing action across governments, the private sector, multilateral development banks, civil society, and philanthropies," they said. The World Bank has been headed by someone from the United States, the lender's dominant shareholder, since its founding at the end of World War Two.

India's oil trade, in response to the turmoil of sanctions and the Ukraine war, provides the strongest evidence so far of a shift into other currencies that could prove lasting. MTS had facilitated some Indian oil non-dollar payments, the trade sources said. An Indian refining source said most Russian banks have faced sanctions since the war but Indian customers and Russian suppliers are determined to keep trading Russian oil. "As it is, the government is not asking us to stop buying Russian oil, so we are hopeful that an alternative payment mechanism will be found in case the current system is blocked." Similarly, many banks from Russia have opened accounts with Indian banks to facilitate trade.

☆ Analysis: Dark summer nights: India faces high risks of power cuts after years of coal, hydro power neglect
▼ + stars: | 2023-03-08 | by ( Sudarshan Varadhan Sarita Chaganti Singh Matthew Chye | Sudarshan Varadhan | Sarita Chaganti Singh | ) www.reuters.com time to read: +6 min

April nighttime peak demand is expected to hit 217 gigawatts (GW), up 6.4% on the highest nighttime levels recorded in April last year. "Even the smallest interruption in power supply will create havoc," Nair said. As much as 189.2 GW of coal-fired capacity is expected to be available this April, according to Grid-India's February note. The strain comes after sundown, as coal-fired capacity has grown only 9% over the last five years. Hydro and nuclear power capacity additions face tougher obstacles, as they are hobbled by lack of foreign investment and opposition from critics over safety and environmental issues, boding ill for power supply down the track.

☆ Bill Gates: Asking people to stop eating meat won't fix climate change
▼ + stars: | 2023-03-08 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +2 min

Climate change is an urgent issue, but it won't be solved by asking everyone to become vegetarians, Bill Gates said at a recent event in India. "I don't think we can count on people living an impoverished lifestyle as a solution to climate," Gates said. But, climate change is creating more need for energy used in air conditioning, he said, and that's only going to keep increasing. "As India gets warmer and warmer, I am betting demand for air conditioning is going to skyrocket," Gates said. Currently, the United States "has the most air conditioning by far," also surpassing what is demanded in Europe, Gates said.

☆ India, Wary of China, Expands Trade Ties With the West
▼ + stars: | 2023-03-06 | by ( Greg Ip | ) www.wsj.com time to read: 1 min

Indian Prime Minister Narendra Modi addresses the Group of 20 nations foreign ministers meeting in New Delhi. NEW DELHI—As host to foreign ministers from the Group of 20 nations last week, Narendra Modi played the traditionally neutral role of an Indian prime minister, refusing to take sides between Russia and the U.S. Beneath its professed neutrality, though, India has begun pivoting westward. This has less to do with Russia, where India has longstanding ties, than with China, which both India and the West increasingly see as a principal adversary.

☆ YouTube, Facebook and Instagram Gave Platforms to Indian Cow-Protection Vigilante
▼ + stars: | 2023-03-06 | by ( Jeff Horwitz | Newley Purnell | ) www.wsj.com time to read: 1 min

Demonstrators last month protested the suspected killing of two youths whose relatives said they had been abducted and killed for alleged cow smuggling. Monu Manesar , the alias of an Indian cow-protection influencer, has spent the past six years documenting his personal war against cattle smugglers on YouTube, Facebook and Instagram. In openly violent posts that often clashed with the platforms’ stated content policies, his accounts livestreamed car chases of men suspected to be transporting beef or cows—an animal deeply revered in Hinduism. He and fellow vigilantes filmed themselves ramming vehicles, shooting out truck tires and trading gunfire with alleged smugglers. The posts included anti-Muslim slurs and trophy photos of captives bleeding from the head.

☆ Exclusive: India may issue alert on Marion cough syrup exports after toxins found
▼ + stars: | 2023-03-04 | by ( Krishna N. Das | ) www.reuters.com time to read: +3 min

[1/2] Logo of Marion Biotech, a healthcare and pharmaceutical company is seen on a gate outside their office in Noida, India, December 29, 2022. REUTERS/Anushree FadnavisNEW DELHI, March 4 (Reuters) - India may issue an alert on cough syrup exported by Marion Biotech, whose products have been linked to deaths in Uzbekistan, after tests showed many of the company's drug samples contained toxins, a drug inspector said on Saturday. "The health ministry could issue an alert. Babbar has been part of a team that inspected Marion's plant four times after Uzbekistan said in December the children died after consuming the company's cough syrups. India in October suspended production at Maiden for violating manufacturing standards after the WHO said four of its cough syrups may have killed dozens of children in Gambia.

☆ How ‘RRR’ Created the Most Rollicking Movie Scene of the Year
▼ + stars: | 2023-03-03 | by ( John Jurgensen | ) www.wsj.com time to read: 1 min

It’s the first song from an Indian film ever nominated for an Academy Award, and it has a good shot at beating numbers from pop heavyweights including Lady Gaga and Rihanna at next Sunday’s Oscars. But despite the addictive chorus and propulsive beat of “Naatu Naatu,” the biggest force behind the song’s success is a dance—a heel-thrusting, suspender-bending, dust-kicking sequence that accompanies the tune in the action epic “RRR.”

Two Marion directors were "out of the country and will be arrested as soon as they land in India," senior police official Ram Badan Singh told Reuters. Uzbekistan in December said the children died after consuming Marion's cough syrups. The same toxin was found in cough syrups exported to Gambia by another Indian company, Maiden Pharmaceuticals. India in October suspended production at Maiden for violations of manufacturing standards after the World Health Organization said four of its cough syrups may have killed dozens of children in Gambia. The deaths in Gambia and Uzbekistan have dented the image of the $41 billion pharmaceutical industry in India, which is known as the "pharmacy of the world."

☆ UK foreign minister raises BBC tax searches, India says laws are for all
▼ + stars: | 2023-03-01 | by ( Krishn Kaushik | ) www.reuters.com time to read: +3 min

[1/3] British Foreign Secretary James Cleverly gestures during an interview with Reuters after a bilateral meeting with India's Foreign Minister Subrahmanyam Jaishankar on the sidelines of G20 foreign ministers' meeting in New Delhi, India, March 1, 2023. REUTERS/Sunil KatariaNEW DELHI, March 1 (Reuters) - British Foreign Minister James Cleverly raised the issue of tax searches at the BBC's offices in India during a meeting with his counterpart in New Delhi on Wednesday, the minister told Reuters. In response, Cleverly was "firmly told that all entities operating in India must comply fully with relevant laws and regulations", an Indian government source said. Cleverly did not share details about the conversation with India's Foreign Minister Subrahmanyam Jaishankar ahead of a G20 foreign ministers' meeting on Thursday. Asked if there were concerns about civil liberties in India, Cleverly said: "We want to ensure that values that both our countries feel strongly about are upheld.

☆ Russians intensify assault on Bakhmut, Ukrainian forces try to dig in
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +5 min

Ukrainian aircraft launched three strikes on areas of concentration of Russian forces, according to a statement by the General Staff of the Ukrainian Armed Forces on Tuesday night. Bakhmut had a pre-war population of around 70,000 but has been ruined during months of fighting as a focal point of Russian assaults and determined Ukrainian defence. A Russian takeover of Bakhmut would open the way to seizing the last remaining urban centres in the industrial Donetsk province. 'GRINDING SLOG'[1/4] Ukrainian service members ride BMP-2 infantry fighting vehicles, as Russia's attack on Ukraine continues, near the frontline city of Bakhmut, Ukraine February 27, 2023. The meeting will be attended by Russian Foreign Minister Sergei Lavrov U.S. Secretary of State Antony Blinken and Britain's James Cleverly, while China is expected to send its foreign minister, Qin Gang.

☆ Dollar General's stores are so overrun with merchandise that fire marshals are closing them
▼ + stars: | 2023-02-28 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

Some Dollar General stores have temporarily closed because they are overcrowded with goods. But some Dollar General stores appear to be unloading truck deliveries directly onto sales floors. Insider identified the stores using local media reports, interviews with local officials, and public records of Dollar General store inspections. Dollar General stores with too much inventory sitting in the aisles can violate fire safety codesIn Pittsylvania County, located in Southern Virginia, county officials ordered two Dollar General stores to close temporarily last fall. But the county still hears from customers about how packed Dollar General stores in Pittsylvania are, he added.

☆ Metal tycoon sued over missing $577 million in nickel told cargo inspectors he'd had a heart attack, report says
▼ + stars: | 2023-02-28 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

An Indian tycoon sued over missing nickel cargoes told inspectors he'd had a heart attack, per the FT.Trafigura alleges many of Prateek Gupta's shipments didn't contain any nickel and it faces a $577 million loss. Commodities trading giant Trafigura has sued Prateek Gupta and companies associated with him, including TMT Metals and UIL Malaysia. Trafigura's head nickel trader, Sokratis Oikonomou, arranged for a physical inspection of the cargoes shipped by Gupta's firms on November 9, the report said. Trafigura has said none of the Rotterdam containers had the the nickel previously agreed in orders, but contained carbon steel instead. Gupta was hit with a $625 million freezing order by a London court after Trafigura filed its fraud lawsuit.

☆ India failed in its mission to stop G20 countries from referring to Russia's invasion of Ukraine as a 'war'
▼ + stars: | 2023-02-27 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

India asked G20 members not to label Russia's invasion of Ukraine as a "war" in meetings last week. But India appears to have failed its mission, after a joint press release called the attack "a war." To sway public opinion, the country has been calling the war in Ukraine a "special military operation." However, a press release published jointly by the G20 countries on Saturday describes the attack on Ukraine as "a war." As the war in Ukraine enters its second year, India refuses to assign blame for the violence and has solidified ties with Russia.

[1/3] FILE PHOTO-Russian Foreign Minister Sergei Lavrov speaks during a meeting with heads of foreign media outlets in Moscow, Russia, February 15, 2023. Last July, Russian Foreign Minister Sergei Lavrov walked out of a G20 foreign ministers’ meeting, also in Bali, after the West strongly denounced the war. The G20 bloc includes the wealthy G7 democracies, as well as Russia, China, India, Australia, Brazil and Saudi Arabia among other countries. The foreign ministers' meeting will also be watched for how tensions between Washington and Beijing play out, including over the Ukraine war. "It is unlikely that G20 foreign ministers can agree on common language suggesting ways and mechanisms to deal with the situation in Ukraine," he said.

☆ Medical tourism looking sickly as patients watch their spending
▼ + stars: | 2023-02-27 | by ( Joanna Plucinska | ) www.reuters.com time to read: +5 min

"People are more cautious," Knott told Reuters, staring at the empty building across the street from his existing Kreativ Dental clinic. Rising air fares and fewer flights - and the memory of last summer's travel chaos - are also putting off would-be patients, clinic operators and analysts told Reuters. A hip or knee replacement at Nordorthopaedics in Lithuania is about 15% more expensive now than five years ago, the clinic told Reuters. Lyfboat, an Indian company providing medical services for foreign patients, told Reuters it has collaborated with a fundraising platform called ImpactGuru to help patients pay for essential surgeries. ACUTE VS ELECTIVEThe International Medical Travel Journal, published by market intelligence service LaingBuisson, estimates the medical tourism market is currently worth around $21 billion, less than pre-pandemic, although editor Keith Pollard warned data is poor.

Search resuls for: "An Indian"

25 mentions found