Aviation ministry asks operators to register drones by Jan 31 or face action
Aviation Ministry announced a scheme on Monday asking operators to
voluntarily register their drones by January 31. The ministry said that
those who fail to register will face action under the Indian Penal Code
and Aircraft Act. The number of illegal drones in India is likely to be
between 50,000 and 60,000, co-chair of a FICCI committee on drones,
Ankit Mehta, had said on October 22 last year.
Siemens to support Adani coal project in Australia despite protests
engineering group Siemens said it would fulfil its contractual
obligations to a controversial coal mining project in Australia's
outback, attracting criticism from environmental groups on Monday.
Siemens was awarded a contract last year to provide signaling technology
for a railway line to transport coal from a remote coal mine run by
India's Adani Group in northern Queensland state. The German company had
said it would decide by Monday on its involvement in the project. On
Saturday, teenage climate activist Greta Thunberg called for Siemens to
review its role in the project.
CCI orders antitrust probe against Amazon, Flipkart
antitrust body has ordered an investigation into alleged competition
law violations by Amazon.com Inc and Walmart's Flipkart, it said in an
order on Monday. The Competition Commission of India said that exclusive
arrangements between mobile phone brands and e-commerce platforms, as
well as allegations of e-commerce companies giving preferential
treatment to certain sellers "merits an investigation".
Sebi extends deadline to separate roles of chairman, MDs to April 2022
a huge relief for corporates, market regulator SEBI has extended the
deadline given to companies to separate the roles of chairman and
managing director by two years till April 2022. The Sebi board in March
2018 had accepted the Uday Kotak-led panel's recommendations to split
CMD and chairman's posts in listed companies.
Hyundai Creta beats Kia Seltos in December, sells 6,719 units
Seltos managed to sell only 4,645 units in the month of December. The
Seltos was beaten by Hyundai Creta that sold 6,719 units in December. In
a month-on-month comparison with its November figures, the sales of the
Seltos have dropped down by 67% as the SUV sold 14,005 units in
Microsoft CEO Nadella speaks out about India's citizenship law
India-born CEO Satya Nadella has expressed grief over the Citizenship
law. "I think what is happening is sad, primarily as sort of someone who
grew up there... I think it's just bad," Nadella told BuzzFeed at a
Microsoft event in Manhattan.
Retail inflation touches 7.35% in December, highest since July 2014
consumer price index (CPI) continued to breach the Reserve Bank of
India's (RBI's) medium-term target of 4 per cent for third consecutive
month in December 2019 at 7.35 per cent, which is highest since July
2014. The spike in retail inflation is attributed to high food prices.
This also marks a spike in inflation from November when the retail
inflation was 5.54 per cent.