Auto component maker Shriram Pistons & Rings on Friday said its unit will acquire a majority stake in electric motor design and manufacturing firm EMF Innovations to foray into the electric vehicle mobility space.

SPR Engenious Ltd (SEL), a wholly-owned subsidiary of the company, is slated to acquire the stake.

After receiving in-principle approval for inducting B777 aircraft on a wet lease basis from the Ministry of Civil Aviation (MOCA), IndiGo has now applied for final approval from the aviation regulator DGCA for these operations as per the prescribed procedure.

In coordination with the process of these approvals, IndiGo will soon make this 777-capacity available for sale on the Delhi - Istanbul - Delhi route, subject to regulatory approvals.

Elon Musk on Friday announced that Twitter accounts engaged in doxxing will receive a temporary seven-day suspension.

Emphasising that criticising him all day long is totally fine, "but doxxing my real-time location and endangering my family is not".

Social media Meta has taken down over 40 accounts operated by Indian firm CyberRoot Risk Advisory for phishing. The accounts were allegedly involved in hacking-for-hire services, Meta said in a report. The tech giant has also taken down a network of about 900 fake accounts on Instagram and Facebook operated from China by an unknown entity.

These accounts were focused on collecting data of people in Myanmar, India, Taiwan, the US and China

American-Dutch software company Elastic NV is in expansion mode in India and is planning to increase its workforce and acquire smaller companies in the country, its Chief Executive Officer (CEO) Ashutosh Kulkarni, told Business Standard, days after announcing global layoffs.

The search-powered solutions provider announced a reduction of its global workforce by 13 per cent while announcing the results for Q2FY23 on November 30.

Boeing Co. is closing in on an order for as many as 200 of its 737 Max jets from Air India Ltd.’s new owner Tata Group as the two sides race to wrap up talks before the year-end holidays, according to people familiar with the matter.

The final deal is expected to include 40 to 50 Max aircraft that were built for Chinese carriers but never delivered due to an extended grounding of the US jet and heightened trade tensions, some of the people said, asking not to be identified because the discussions are confidential.

Shares of public sector undertaking (PSU) banks were on a roll, with the market price of two lenders UCO Bank and Punjab & Sind Bank zooming over 145 per cent in past one month. In comparison, the Nifty PSU Bank index has gained 23 per cent, while the benchmark Nifty 50 was up less than 1 per cent during the period.

Among individual stocks, UCO Bank rallied 10 per cent to Rs 36.55 on the National Stock Exchange (NSE) in Thursday’s intra-day trade on back of two-fold jump in trading volumes.

Elon Musk sold another USD 3.58 billion worth of Tesla stock this week, but it wasn't clear where the proceeds were being spent.

The Tesla CEO, and new owner of Twitter, sold the shares from Monday through Wednesday, according to a filing posted Wednesday night by the US Securities and Exchange Commission.

A command centre that helps fight global cyberattacks and a remote patient monitoring platform that provides health vitals such as infection status and respiration rate were some of the top innovations on display on Wednesday at Infosys headquarters in Bengaluru. The IT giant is showcasing these innovations as part of an event to commemorate the completion of 40 years.

Artificial intelligence technology that gives crucial insights to tennis players to evaluate their game and smart retail stores that help understand customer behaviour better using cameras and sensors were other products that the tech giant displayed.

The chief of the World Health Organization (WHO) has said that he hopes that Covid-19 will no longer be a global health emergency sometime next year.

Addressing a press briefing in Geneva, WHO Director-General Tedros Adhanom Ghebreyesus said that the WHO Covid-19 Emergency Committee will discuss next month the criteria for declaring an end to the Covid-19 emergency, Xinhua news agency reported.

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