Piramal sells entire 10% stake in Shriram Transport for ₹2,300 crore

New Delhi: Ajay Piramal-controlled Piramal Enterprises Ltd on Monday sold its entire stake of about 10% stake in commercial vehicle financier Shriram Transport Finance Co Ltd., citing a “broader strategy” to leverage opportunities for growth in its financial services business. As of 31 March, Piramal held 22.6 million shares in Shriram Transport, which specialises in financing second-hand trucks, representing a 9.96% stake. The stake sale will fetch Piramal approximately ₹2,300 crore, based on the closing price of the stock on Monday. “Earlier this year in April 2019, Piramal Enterprises Ltd. had announced…

Read More

Technology in the Classroom: The Question Is Not Now “If” but “How”

Last Thursday, California approved its first budget under Governor Gavin Newsom, making a substantial down payment on education for the state’s high-tech economy. The budget significantly increases the state’s investment in schools and includes new funding for expanding broadband infrastructure in low-income communities and teaching computer science in the schools. These investments advance the effort begun in 2018, when the State Board of Education adopted computer science standards for K-12 students, making it one of only seven states in the nation with such standards. As California focuses its attention on…

Read More

Finance ministry mulling 3-5% tax in Budget on cash withdrawal of 10 lakh a year

NEW DELHI: Withdrawing a cumulative ₹10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory. In its push towards a digital economy, the central government is thinking of introducing a tax of 3-5 per cent on cash withdrawal of ₹10 lakh in a year, a move to discourage cash usage in the economy and resultant black money. Paying ₹30,000-50,000 for ₹10 lakh annual withdrawal will be seen as a loss, the…

Read More

Finance ministry mulling 3-5% tax in Budget on cash withdrawal of 10 lakh a year

NEW DELHI: Withdrawing a cumulative ₹10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory. In its push towards a digital economy, the central government is thinking of introducing a tax of 3-5 per cent on cash withdrawal of ₹10 lakh in a year, a move to discourage cash usage in the economy and resultant black money. Paying ₹30,000-50,000 for ₹10 lakh annual withdrawal will be seen as a loss, the…

Read More

7 Hottest Online Education Startups in China

The rapid technology development has greatly impacted people’s lives. Not only has it changed how people shop, pay, or date, it has also changed how people learn. Online education has come to the forefront in recent years. It is estimated that the scale of e-learning users in China will reach 296 million in 2020. Why is online education so popular? Comparing with traditional offline education model, online education has outstanding advantages. E-learning is flexible, convenient, and rich in resources; combining with AI, VR, AR and other technologies, it can better…

Read More

British Airways passenger forced to travel on seat covered in dried vomit

After the carrier failed to issue an apology the man shared the photo on Twitter. A British Airways (BA) business class passenger was left feeling ‘disgusted’ when he had to travel in a 10-hour flight on a seat plastered in vomit. Dave Gildea, vice-president of a software company in San Francisco was travelling from London to Seattle when he reportedly upgraded to business class at Heathrow Airport. However, instead of having a comfortable experience, he was dismayed to see vomit all around his designated seat. The 38-year-old man said when…

Read More

Johnson Controls Launches Technology Contracting in Africa

Governments and businesses in Africa are making sizable investments in smart buildings, precincts –including airports, universities – and cities. However, ‘smart’ is not easy to do. To address the growing challenge of planning, integrating and maintaining a multitude of different, highly connected systems, Johnson Controls’ is launching a new offering in the Africa region — it’s called ‘Technology Contracting’. It’s one very few can match. “With technology advances and an explosion in cloud connectivity, a new approach is needed to construct and run smart buildings,” says Archibald Makatini, Regional General…

Read More

Pioneering national chess education in Armenia

5/28/2019 – Armenia has the most ambitious school chess programme in the world. It recently hosted its third international conference and the first meeting of FIDE´s new Education Commission in the ressort town Tsakhkadsor. STEFAN LOEFFLER attended. | Pictured: The final of the Armenian Championship of Primary Schools took place in parallel nearby. | Photos: Armenian Chess Academy In the homeland of school chess All Armenian children learn chess at school. From grade two to four they have two weekly chess lessons. Introducing chess for everyone in 2011 was a…

Read More

PM Modi, Ministers spend Rs 393 cr on foreign, domestic travel in 5 years

A Right to Information (RTI) query has revealed that Prime Minister Narendra Modi and his Council of Ministers incurred an expenditure of Rs 393 crore on foreign and domestic travel in last five fiscal years. City-based RTI activist Anil Galgali had filed an RTI query with the PMO seeking the total Foreign Travel Expenses (FTE) and Domestic Travel Expenses (DTE) incurred by the Prime Minister and his council since May 2014. In December 2018, the Modi government, replying to queries on foreign travel expenses in Rajya Sabha, had said that…

Read More

How Biometrics May Be Key In Reducing The Hassles Of Travel

Facial recognition began as a tool of law enforcement and now is making travel easier. GETTY Mixing biometrics and travel usually means one thing for most countries — making sure the wrong people don’t get in. The United States, for example, has an advanced system of facial recognition that analyzes more than 100 points of reference on each face to evaluate whether people are who they say they are. It has become the aspirational standard for dozens of nations that are employing or looking to employ biometrics to screen people…

Read More