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October 2019

Equity indices trim gains to trade marginally higher

Mumbai, Oct 1 (IANS) The key Indian equity indices trimmed initial gains to trade marginally higher on Tuesday morning. It had opened on a positive note tracking gains on the Asian stock markets. However, around 9.40 a.m, the indices trimmed major gains and were trading marginally higher from their previous closing levels. At 9.48 a.m., the BSE Sensex was trading at 38,680.92, higher by 13.59 points or 0.04 per cent from the previous close of 38,667.33 points. It had opened at 38,813.48 points and has so far touched…

Indian American Ex-CEO Gets Prison for H-1B Fraud Scheme

WASHINGTON, DC- The former chief executive officer of two information technology consulting companies was sentenced to more than seven years in prison for running an H-1B visa fraud scheme involving some 250 workers. Pradyumna Samal, an Indian citizen who had fled the U.S. during the visa fraud investigation, operated the “largest and most sophisticated H-1B visa fraud scheme” prosecuted in western Washington, said Brian Moran, U.S. attorney for the Western District of Washington. The scheme harmed both H-1B specialty…

Shah to allay NRC fears during Bengal visit

Kolkata, Oct 1 (IANS) Union Home Minister and BJP President Amit Shah would endeavour to allay the rising fear among the people, particularly the party's core Hindu voters, about the National Register of Citizens (NRC), and inaugurate a community Durga Puja on Tuesday during his first visit to the city after joining the Union cabinet. A high point of Shah's trip would be the likely crossing over of senior Trinamool Congress leader and former Bidhannagar municipality Mayor Sabyasachi Dutta to the Bharatiya Janata Party…

Super-efficient Tesla batteries holy grail of EV technology

New Delhi, Oct 1 (IANS) While countries worldwide are scrambling to achieve a perfect EV ecosystem, Elon Musk-run Tesla has achieved great deal of efficacy in this field and is now aiming to create a lithium-ion battery that can run a car or an electric truck for over 16 lakh kms.You read it right. Current Tesla cars can achieve about 8 lakh kms out of their batteries before they face any serious problem. A new research paper from Dalhousie University in Nova Scotia, Canada now claims the Jeff Dahn-led team is close to…

How China can impact India’s electric vehicle dream

New Delhi, Oct 1 (IANS) With India planning to replace a significant portion of its conventional internal combustion engine fleet by electric vehicles in the next one decade, particularly to reduce pollution and also to create jobs through manufacturing of such vehicles, China may continue to play a huge role in realisation of that dream.Currently, China is the biggest market for electric vehicles and it also controls the supply of major chunk of the key raw materials needed for making the battery used in these vehicles.…
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