Business

Thiruvananthapuram, Aug 4 (PTI) Technology giant IBM on Wednesday announced that it is working to establish a Software Lab in Kochi.

Chief Minister Pinarayi Viajayan hailed the IT major's decision, saying this will pave the way for a huge leap in the state's IT development.

The announcement came a day after Chief Minister Vijayan, IBM India Managing Director Sandip Patel and Vice President, IBM India Software Labs Gaurav Sharma - discussed the role of technology in accelerating the states digital mission in a virtual meeting.

New Delhi, Aug 3 (PTI) The Ministry of Road Transport and Highways on Tuesday said it has issued a notification to exempt battery operated vehicles from the payment of fees for issue or renewal of registration certificate.

In a statement, the ministry said it has also exempted battery operated vehicles from the payment of fees for assignment of new registration marks.

This has been notified to encourage e-mobility, it added.

New Delhi, Aug 2 (PTI) Edible oil major Adani Wilmar Ltd (AWL) on Monday filed the draft red herring prospectus with markets regulator Sebi for an initial public offer to raise up to Rs 4,500 crore.

The company, which sells cooking oils under the Fortune brand, is a major player in the edible oil industry.

"The proposed listing of AWL on the stock exchanges will comprise an IPO in the form of fresh issue of new equity shares by AWL for an amount of up to INR 45,000 million (approximately USD 600 million).

Mumbai, Aug 2 (PTI) A group of Shiv Sena workers allegedly ransacked a neon signboard with 'Adani Airport' written on it near the statue of Chhatrapati Shivaji Maharaj close to the airport in Mumbai on Monday afternoon, a police official said.

They shouted slogans against the signboard when the airport is named after Chhatrapati Shivaji Maharaj.

Some of the workers later came on to the Western Express Highway located nearby due to which traffic movement on the city's arterial north-south road was disrupted for some time, the official said.

Kavaratti, Aug 1 (PTI) India's popular island destination Lakshadweep will soon have three premium Maldives style water villas, claimed to be the first of its kind in the country.

The three premium projects will come up in Minicoy, Kadmat and Suheli islands at a cost of Rs 800 crore, for which the administration floated global tenders on Saturday

01 Aug 2021; MEMO: Turkey welcomed the reopening of a strategic coastal road linking Libya's east to its west, the Turkish Foreign Ministry said Saturday, reports Anadolu Agency.

"We welcome the official opening of the Misrata – Sirte Coastal Road on 30 July 2021, which has been closed for a long time," it said in a statement.

31 July 2021; MEMO: During his visit to Khartoum, Algerian Foreign Minister Ramtane Lamamra will propose his country's mediation of the dispute over the Grand Ethiopian Renaissance Dam, Anadolu Agency reported on Friday.

Lamamra has started a diplomatic tour of several African countries to discuss a number of issues, including cooperation between Algeria and other members of the African Union (AU).

New Delhi, Jul 30 (PTI) Petroleum Minister Hardeep Singh Puri on Friday promised an open-door policy to resolve any issue faced by the industry as he sought foreign and private investments to boost domestic oil and gas production.

At an investor meet called to promote India's latest offering of discovered fields for bidding, Puri said India, besides offering the world's fastest-growing energy markets, also offers a rule-based regime.

Washington, Jul 31 (PTI) Israeli cybersecurity company NSO Group, which is at the centre of the Pegasus snooping scandal, has temporarily blocked several government clients around the world from using its spyware technology as the firm probes its alleged abuses, according to a US media report.

The alleged use of the Pegasus software to spy on journalists, human rights defenders, politicians and others in a number of countries, including India, triggered concerns over issues relating to privacy.

30 July 2021; MEMO: Azerbaijan opened its trade and tourism office in Tel Aviv yesterday, a move considered as a first step towards opening an embassy, announced the Israeli Ministry of Tourism.

The ceremony, attended by Minister of Economy of Azerbaijan Mikayil Jabbarov, comes 30 years after diplomatic relations were established between the two countries.