Search Result for : Research And Development

The Dollar Business Bureau  The Government plans to unveil a new policy for promoting the use of biofuels in the transport that will help in catalyzing about Rs.1 lakh crore of investment in the whole value chain, Oil and Petroleum Minister Dharmendra Pradhan said on Thursday.  India has to import around 80% of crude oil to meet its requirements and use of biofuels produced from non-edible oils help the country in meeting its target of cutting down the imports by 10% by 2022, Pradhan said at an event organised to mark ‘World Biofuel Day’.  The top three state-run oil companies of India Bharat Petroleum Corp Ltd (BPCL), Indian Oil Corp (IOC) and Hindustan Petroleum Corp Ltd (HPCL) have pledged $2 billion investment for carrying ...

The Dollar Business Bureau India and Norway have a joint call to target companies for innovation projects in the area of renewable energy. “A joint call was launched between the Department of Science and Technology (DST) of India and Research Council of Norway during a matchmaking workshop at the Norwegian Embassy on renewable energy,” according to an official statement. “The call is for $1 million, targeting innovation projects in companies collaborating with research institutions in the field of renewable energy,” it said. Nearly 80 participants from both the countries had a prosperous and comprehensive discussion on the area. The representatives from both the sides also had a discussion on a broad range of topics such as solar power, wind power, hydro energy, energy storage, artificial ...

The Dollar Business Bureau The European Union (EU) has ordered Ireland to recover the illegal aid of 13 billion euros from US tech firm Apple. Ireland has allowed Apple to pay significantly less taxes when compared to other businesses. This is illegal under EU state aid rules, the European Commission said in a statement on Tuesday. According to European Commissioner Margrethe Vestager, the EU member states cannot give tax benefits to few chosen companies. The commission has concluded that Ireland granted illegal tax benefits for many years. This selective treatment has allowed Apple to pay corporate tax rate at 0.005% of its profits in 2014 while it was 1% in 2003. After an in-depth investigation, the commission has come to a conclusion that Ireland has ...

The Dollar Business Bureau Yamaha Motor Research & Development India Pvt Ltd (YMRI), a 100 percent subsidiary of Japan’s Yamaha Motor Co., has established its second Research & Development (R&D) centre in India with Rs.66 crore investment. The centre is established with an aim to develop models for local as well as global markets.  “An investment of Rs.66 crore has been made to set up the center and it is part of the Rs.1,500 crore investment that Yamaha has already committed to 'Make in India' by 2018,” the company said in a statement on Tuesday. The new centre is situated in the premises of India Yamaha Motor Ltd’s (IYM) facility in the district of Kanchipuram near Tamil Nadu. It has been set up ...

Sharath Chowdary After re-loading the smartphones with ‘Make for India’ features such as S bike mode and Ultra Data Saving (UDS) mode, Samsung India has now come up with new innovations – Turbo Speed Technology (TST), Smart Glow, and 7-inch WXGA display. “Samsung has around 48.3% share in Indian smartphone market. The company is focusing in further research and development (R&D) to deliver better technologies as part of ‘Make for India’ initiative. Other than South Korea, India is the only country where we have big R&D centres,” Manu Sharma, Vice President - Mobile Business, Samsung India told The Dollar Business Bureau. The South Korean smartphone maker has three R&D centres at Bengaluru, Noida and New Delhi. Speaking about the importance of Indian market, he said, ...

Source: PTI British IT and software firm RSK Business Solutions has merged with its Indian partner BSL Information Technology to jointly deliver consultancy services in different parts of the world. England-headquartered RSK Business Solutions Limited (RSK BSL) merged with its Gurgaon-based Indian partner BSL Information Technology Private Limited (BSLi) to create UK-registered RSK Business Solutions Holdings Limited. The merger will enable both entities to jointly expand services to new regions and markets, the firms said on Monday. "The merger will enable us to provide a wider range of services to new and existing clients while maintaining the high levels of customer service and the high quality of output to which our clients have become accustomed," Managing Director of the ...

The Dollar Business Bureau Mahindra Two Wheelers, a part of Mahindra & Mahindra Ltd, on Wednesday launched the all-new Mahindra Gusto scooter in 125cc variation in 8 more states, priced between Rs.48,410 and Rs.55,110 respectively (ex-showroom). The company had earlier launched the Gusto 125 model in southern states including Kerala, Karnataka, and Tamil Nadu. Now, it will be available across dealers in 8 northern states of Delhi, Gujarat, Goa, Maharashtra, Uttar Pradesh, Chandigarh, Punjab and Rajasthan before being rolled out all across the country, Mahindra Two Wheelers said in a statement. Vinod Sahay, Chief Operating Officer, Mahindra Two Wheelers said, “Since its launch last year, Gusto has grown consistently and we are now excited about extending the Gusto brand to include new consumer ...

The Dollar Business Bureau   IIT Madras’s incubated water technology company InnoNano Research (INR), has bagged an investment of $18 million from US based NanoHoldings (NH). Encouraged with this investment, the Indian start-up may soon expand its presence in the international market. Using nano technology, INR provides clean drinking water, free from arsenic and fluoride to rural areas affected by heavy metals. This technology was already implemented in more than 700 villages across Punjab, West Bengal and Karnataka. The company plans to cover over 1,500 villages by 2017. “The presence of arsenic and iron in drinking water affects the health of rural people. We are using latest water technology to remove the contaminants at affordable cost,” said H Anshup, Co-Founder and Managing Director of ...