Overseas investors continue to shun oil palm industry

The government’s decision to allow 100 per cent foreign direct investment (FDI) in oil palm plantations in November last year has failed to draw even a single investor. “There has not been even a single enquiry for FDI till now,” Sanjay Goenka, President of Oil Palm Developers and Processors Association (OPDPA) told The Hindu. Plantation tag “No FDI… Read More »

Titan targets e-biz, buys CaratLane

Titan Company Limited will acquire a majority stake in CaratLane, an online jewellery store strengthening its presence in the e-commerce segment, a top official said. “The acquisition (of CaratLane) will bring significant capabilities in the e-commerce space along with a brand, a customer segment and a business model that is very exciting,” said Bhaskar Bhat, Managing Director, Titan… Read More »

Hyundai Motors to unveil two new vehicles every year

Hyundai Motors India Ltd. (HMIL) will introduce two products every year in a bid to become the market leader, a top official said. “At present, we have 10 products and with the addition of two more products, we will have offerings in each segment,” Y.K. Koo, Managing Director, HMIL, said. The product pipelineincludes smart hybrid, sub four-metre Sports… Read More »

DGCA seeks monthly details from carriers on airfares

The Directorate General of Civil Aviation (DGCA) has decided to ask all domestic carriers to furnish details of the number of tickets they sell in the highest fare bucket, and the contribution of such tickets to their revenue from 20 domestic routes, in a bid to check sharp surges in airline fares. Make data public The DGCA plans… Read More »

Zimbabwe to print own version of US dollar

Zimbabwe is set to print its own version of the US dollar in order to ease a cash shortage in the country. Central bank governor John Mangudya said the cash, known as bond notes, will be backed by $200m (£140m) support from the Africa Export-Import Bank. The specially-designed two, five, 10 and 20 dollar notes will have the… Read More »

Freeway Skateboarding Social Media Challenge ‘Reckless’: CHP

The California Highway Patrol is hoping a new potentially dangerous trend doesn’t gain any more traction on social media after videos posted show people jumping out of cars on Southern California freeways and skateboarding in the middle of traffic. “I am hoping it’s not a trend that picks up. We want to get ahead of it,” said Sgt.… Read More »

Facebook Pays $10,000 to 10-Year-Old Instagram Hacker

Social media giant Facebook has paid a $10,000 reward to a 10-year-old Finnish boy for finding a glitch in its picture sharing app Instagram. Jani, whose last name was not released for privacy reasons, is the youngest ever recipient of Facebook’s “bug bounty,” paid to users who find bugs or weaknesses in its platforms. “I wanted to see… Read More »

Intex Aqua Joy Budget Android Smartphone Launched at Rs. 2,799

Soon after launching the Aqua Lions 3G smartphone, Intex has now introduced a new entry-level Aqua Joy smartphone. Priced at Rs. 2,799, the Intex Aqua Joy is now listed on the company site with pricing details. The smartphone can be expected to go on sale soon. The Intex Aqua Joy features a 4-inch WVGA (480×800 pixels) display and… Read More »

Xiaomi Mi Max Allegedly Hits Certification Site With Images, Specifications

Ahead of the May 10 event where Xiaomi is expected to reveal the Mi Max alongside the MIUI 8 ROM, the smartphone appears to have passed Tenaa, the Chinese telecommunications certification authority, revealing purported specifications and its design. As per the listing of the Mi Max, the smartphone looks very similar to the Mi Note smartphone that launched… Read More »

OnePlus 3 to Sport 3500mAh Battery, Snapdragon 820 SoC: Report

OnePlus 3 is slowly being caught in the rumour mill. The latest leak tips that the next OnePlus flagship smartphone will pack an improved and bigger battery than its predecessor. The new details come from China and claim that the OnePlus 3 will pack a 3500mAh battery, which if true, will be bigger than the 3300mAh battery on… Read More »