Drone Destination is India’s first remote pilot training organisation approved by aviation regulator Directorate General of Civil Aviation (DGCA) under the new Drone Rules, 2021. It currently runs six remote pilot training schools in the country. Delhi-based company ‘Drone Destination‘ plans to establish at least 150 drone pilot training schools across the country by 2025,… Continue reading ‘Drone Destination’ to establish 150 drone pilot training schools by 2025: CEO
Author: Economic Times of India Online News
Adani Group’s drone division exploring two revenue models similar to tractor industry
The Adani Group‘s commercial drones division is exploring two revenue models — dealer-based and service-based — while keeping its primary focus on the agriculture sector, a top official of the conglomerate said on Saturday. In a dealer-based model, the equipment is sold directly to the customer. In a service-based model, the equipment is provided for… Continue reading Adani Group’s drone division exploring two revenue models similar to tractor industry
FPI sell-off continues; pull out Rs 39,000 cr from equities in May so far
Apart from equities, FPIs put in Rs 1,403 crore in the debt markets during the period under review, after pulling out a net Rs 8,705 crore in the last two months (February and March). New Delhi: Continuing their selling spree, foreign investors have dumped Indian equities worth over Rs 39,000 crore this month so far… Continue reading FPI sell-off continues; pull out Rs 39,000 cr from equities in May so far
After 8 months of relentless outflows, is FPI selloff showing signs of slowdown?
Over the last eight months, foreign portfolio investors (FPIs) have dumped Indian stocks at a pace comparable only with that of the Global Financial Crisis, with their net sales crossing the INR 2 lakh crore mark earlier this month. There are several factors prompting overseas investors to exit Indian stock markets in droves. Stretched valuations,… Continue reading After 8 months of relentless outflows, is FPI selloff showing signs of slowdown?
Over 5,000 vehicle drivers, motorists penalised in a week for flouting rules: Noida Police
Challans have been issued against more than 5,000 vehicle drivers and motorists in a week across Noida and Greater Noida for flouting traffic rules and road safety norms, the Gautam Buddh Nagar police said on Saturday. The action was taken between May 19 and 27 on instructions of Police Commissioner Alok Singh following directions from… Continue reading Over 5,000 vehicle drivers, motorists penalised in a week for flouting rules: Noida Police
Global recession can stay for up to 18 months: Elon Musk
Tesla CEO Elon Musk New Delhi: Breaking his silence over the current global meltdown, Tesla CEO Elon Musk on Friday said the recession the world is now experiencing owing to multiple macro-economic factors could last up to 18 months. “Based on past experience, about 12 to 18 months,” Musk replied to a follower who asked… Continue reading Global recession can stay for up to 18 months: Elon Musk
Globalization’s cheerleaders grasp for new buzzwords at Davos
A global index of world trade volumes from the CPB Netherlands Bureau for Economic Policy Analysis declined by 0.2% in March but is off by only 1% from its record high in December. World leaders, financiers and chief executives said they were leaving this week’s World Economic Forum with an urgent sense of the need… Continue reading Globalization’s cheerleaders grasp for new buzzwords at Davos
ACME Group, NYK Line ink MoU for green ammonia shipping
Gurugram-based ACME Group on Friday said that it has signed a MoU with Japan-based NYK Line for cooperation in green ammonia. “We have signed a MoU with NYK Line, a leading Japanese shipping company, which owns and operates a large fleet of ships including container ships, bulk carrier, VLCC, LNG carriers etc, and is actively… Continue reading ACME Group, NYK Line ink MoU for green ammonia shipping
India-UK free trade agreement (FTA) could be ready by Diwali: Piyush Goyal
The way things are progressing between the two negotiating teams, a free trade agreement (FTA) between India and the UK could be ready by Diwali without the need for an interim early harvest agreement, said Commerce and Industry Minister Piyush Goyal during a visit to the UK. The minister arrived in London from the World… Continue reading India-UK free trade agreement (FTA) could be ready by Diwali: Piyush Goyal
Tata Motors incorporates new subsidiary for EV as a service offering
New Delhi: Auto major Tata Motors Limited (TML) on Thursday said it has incorporated a wholly owned subsidiary, called ‘TML Smart City Mobility Solutions Limited’ (TSCMSL) urban mass mobility business, with an initial capital of INR 5 crore. With this, the company “intends to bring specific focus to its electric vehicle (EV) segment as a… Continue reading Tata Motors incorporates new subsidiary for EV as a service offering