Not in position to accept data free flow with trust: Goyal
India is not in a position to accept the concept of data free flow with trust (DFFT) as it is neither well understood nor is comprehensive enough in the legislation of many countries, commerce and industry minister Piyush Goyal said on Tuesday.
Ambani's $50 weapon to dominate telecom market
Reliance Industries Ltd is in talks with domestic assemblers to make a version of its Jio phone that would run on Google’s Android and cost about Rs 4,000 ($54), said the people, asking not to be identified since the plans are private. The inexpensive phones will be marketed with low-cost wireless plans from Reliance Jio, the parent company’s carrier, they said.
Lufthansa plans rapid COVID-19 testing starting October
Aviation|: Deutsche Lufthansa AG plans to start making rapid COVID-19 antigen tests available to passengers in October and is weighing the option of opening test centres at airports in the United States and Canada, a company executive said on Tuesday. The move comes as airlines and airports globally have urged countries to accept a passenger’s negative COVID-19 test as an alternative to travel restrictions and quarantines that have battered demand for travel. See more COVID-19 delays completion date for Spain's Sagrada Familia COVID-19: UAE announces new protocols for weddings, funerals, social events COVID vaccines approved for emergency use, for front-liners While the aviation industry has largely backed the use of Polymerase Chain Reaction (PCR) tests which take several hours to process in a lab, airline trade group IATA on Tuesday touted antigen tests that can be processed on site and typically give results within about 15 minutes. Abbott Laboratories recently won the US Food and Drug Administration approval for BinaxNOW, a $5 disposable device the size of a credit card. Some other antigen tests must be read using a small, portable device. “You know that companies like Abbott or Roche are bringing these tests to the market and we are definitely looking into this,” said Bjoern Becker, senior director, product management, ground & digital services for the Lufthansa Group. “You will see us applying them for new products within the next few weeks in October,” he told reporters during a virtual call. “That’s definitely the next thing to come.” Becker said Lufthansa is considering making the new antigen tests initially available to its first-class and business class passengers, given limited supply. Lufthansa is also looking at ways to expand its network of testing centers to airports in the United States and Canada, given that they are important markets, he said.
Mistry family says it’s ‘time to separate’ from Tata Group
The billionaire Mistry family, the largest minority shareholder of the Tata Group, said it needs to separate its interests after the conglomerate took steps to block the family’s attempt to borrow money against Tata shares. Tata Sons Pvt informed the SC on Tuesday said that it is open to buying out the 18% stake owned by the family’s cash-strapped Shapoorji Pallonji Group.
Mall operator Brookfield Properties laying off 20% of retail staff
News/Business: Brookfield Properties, one of the largest mall operators in the U.S., is cutting 20 per cent of its workforce in its retail division, as the pandemic has accelerated online shopping and resulted in a string of store closings.
'Labour reforms to improve India's ease of doing biz'
The government aims to catapult India to among the top 10 countries in World Bank's ease of doing business rankings with the comprehensive labour reforms which are likely to be completed after Parliament approves three draft codes in the ongoing session, a senior official said on Tuesday.
Post-paid tariff war: Jio unveils JioPostpaid Plus
After unleashing a price war in mobile tariffs and fibre-broadband services, billionaire Mukesh Ambani-led Reliance Jio on Tuesday unveiled postpaid plans, bundling up to 500 GB of data and subscription to Netflix, Amazon Prime and Disney + Hotstar.
Apple CEO Tim Cook impressed by remote work
Apple Inc chief executive officer (CEO) Tim Cook said he’s been impressed by employees’ ability to operate remotely and predicted that some new work habits will remain after the pandemic. Cook said he doesn’t believe Apple will “return to the way we were because we’ve found that there are some things that actually work really well virtually."