Power Finance not to extend open offer to REC’s minority holders

  Power Finance Corp said on Monday the company was not considering extending the open offer to the minority stakeholders for its deal with REC Ltd. There has been no finalisation on the deal value, the non-banking finance company said. The Indian government had approved a plan in December by one state-owned lender to the power industry, Power Finance, to buy a majority stake in a similar government-controlled lender, REC Ltd.

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How Internet of Things will power business processes in 2019

As advancing technologies integrate deeper into the everyday functions of businesses, companies are finding themselves faced with a paradigm shift towards a more intelligent and connected world. Amidst the maturing technologies leading this revolution is Internet of Things (IoT). By the year 2020, companies will be spending $310 billion in IoT every year. Some key IoT trends that can be expected to further gain tractions in the coming year are: Centralised IoT systems will become a vital force to drive businesses: A centralised IoT system delivered as a Software-as-a-Service (SaaS)…

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Maruti Suzuki Launches Mobility And Automobile Innovation Lab

  Maruti Suzuki India Limited today launched a program – Mobility & Automobile Innovation Lab (MAIL) to promote innovation in India in the automobile and mobility space. The initiative will help in identifying innovative and cutting edge solutions through start-ups, which are futuristic and customer oriented. The program will provide a platform to the budding talent in India to showcase their entrepreneurial capabilities at a national level. Explaining about the program, Mr. Kenichi Ayukawa, Managing Director & CEO, Maruti Suzuki India said, “The Indian Automobile industry is constantly evolving. The…

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Explore Travel campaign offers £500 discounts for solo trips

  Explore Travel is urging agents to take advantage of solo travel discounts of up to £500 to help convert bookings, with holidaymakers keen to realise their trip of a lifetime. New research by the adventure travel specialist has found the most significant barriers to people going on their dream holidays are money, time – and reluctant partners. Its survey of 1,000 UK adults found 42% of people have experienced challenges with their partners choosing when, why and how to travel. However, 59% of respondents said these factors wouldn’t actually…

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Repco Home Finance plunges 10% despite robust Q3 numbers

  Shares of Repco Home Financedeclined 10 percent intraday Thursday despite company posted robust numbers for the quarter ended December 2018. The company has reported 31 percent jump in its Q3 net profit to Rs 55.64 crore versus Rs 42.42 crore in the same quarter last fiscal. Revenue jumped 11 percent to Rs 304 crore versus Rs 274 crore. The loans sanctions surged to Rs 805.2 crore, while loans disbursements surged 12 percent to Rs 733.2 crore. The net interest margins and interest spread stood at 4.4% and 3.0% respectively. At…

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Nissan, Renault ally on establishment of Alliance Automobile R&D Company in Shanghai

  Gasgoo reported that Japanese automaker Nissan and its French partner Renault have jointly set up an automobile R&D company in Shanghai, local media reported that the new joint venture, dubbed Alliance Automobile Company, was established on February 4, 2019, involving a registered capital of RMB55 million. Its business scope extends to cover the design and R&D of vehicles’ (including new energy vehicles and intelligent-connected vehicles) software and auto parts as well as relevant technology consultation and services, according to the record from Tianyancha, a Chinese business data search platform.…

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The India Design ID in its seventh edition presents designs from across the country

Can a transistor be a coaster? Can a mug be a pouffe? Taamaa, a lifestyle brand, takes everyday objects and pushes them over the cliff of one’s imagination.   Ripe for Harvest It’s almost like standing on your toes and reaching for that sweet fruit on the tree, as one sees the ‘Mangrove Collection’. Reaching into the past for its memories and imprints, this design collective melds ancient techniques with contemporary minimal designs. Their Shunya Lamp, for instance, invokes the brass craft of the Thathera community, with its elliptical disks…

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How to protect your data from cyberattacks

  Crime used to mean things like break-ins and thieves swiping packages from your doorstep. But now there’s an increasing number of cybersecurity threats that are also crimes of opportunity. With more and more people using unfamiliar networks and doing lots of online shopping, bad actors have plenty of targets to choose from. By following these simple steps for data protection, you can keep your digital information secure.  1. Be careful when using insecure Wi-Fi networksa If you’re traveling or out shopping, you may find yourself on an unfamiliar Wi-Fi…

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All you need to know about DS Automobiles’ asymmetric concept car

  French premium carmaker DS has given the world a peek into the future, with their X E-Tense concept car which was unveiled last year. Posing as an asymmetrical, all-electric autonomous car, DS claims that the X E-Tense is how cars will be by 2035. The X E-Tense is powered by two Formula E electric motors, which gives it a combined power of 536BHP. The vehicle can go up to 1341BHP in circuit mode. This option is given to let the driver choose between a comfortable self-driven experience, or an intense, immersive…

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