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Tesla fires 229 employees from Autopilot team, shuts office
Tesla fires 229 employees from Autopilot team, shuts office

San Francisco, Elon Musk-run Tesla has laid off 229 annotation employees from its Autopilot team and closed one of its offices in the US.

According to a regulatory filing in California state in the US and seen by TechCrunch, Tesla had laid off workers from its San Mateo office that employed 276 workers.

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Inflation in India to be about 5% by March 23
Inflation in India to be about 5% by March 23

Chennai,  The State Bank of India (SBI) expects the inflation in India to be about five per cent by March 23.

In a research report, the SBI also said the 7.01 per cent consumer price index (CPI) inflation announced by the Indian government on Tuesday for June 2022 confirms the fact that the peak point ha

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AUM declines to an 11-month low
AUM declines to an 11-month low

New Delhi,  Total assets under management (AUM) for the mutual fund industry declined for the second consecutive month to Rs 35.6 trillion (-4.2 per cent month-on-month) in June'22 -- the lowest level since August'21 -- led by a decline in AUM for income (Rs 711b), equities (Rs 405b), liquid (Rs 219b), other ET

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Govt panel on EV testing standards to submit report this month
Govt panel on EV testing standards to submit report this month

New Delhi, The government-formed committee to formulate new guidelines for electric vehicles (EVs) is set to submit its report this month, sources said on Wednesday.

Alarmed at the growing EV fires in the country, the government had formed a committee to bring in standard operating procedure (SOP) on battery

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Indian tech sector hired 2L Americans, helped US generate $103 bn in 2021
Indian tech sector hired 2L Americans, helped US generate $103 bn in 2021

New Delhi, The Indian tech industry generated $103 billion in revenue and directly employed 2,07,000 people in the US last year, with an average wage of $106,360 -- witnessing a 22 per cent employment growth since 2017, a new Nasscom report showed on Wednesday.

The direct impact of the Indian tech industry ha

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Acute fund crunch forces TN tea plantation corporation to halve cultivation
Acute fund crunch forces TN tea plantation corporation to halve cultivation

Chennai,  The Tamil Nadu Tea Plantation Corporation (TANTEA) which was cultivating tea in an area of 10,000 acres has cut short its cultivation to half in the wake of acute financial crisis.

Senior officials of the TANTEA told IANS that the organisation was reeling under financial crisis and the only pos

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'In June, Mutual Fund AUM declined, industry changed sectoral allocation'
'In June, Mutual Fund AUM declined, industry changed sectoral allocation'

Chennai, While the total assets under management (AUM) of the Indian mutual fund industry declined by 4.2 per cent last month, it also saw changes in the sector and stock allocation of the funds, said broking company Motilal Oswal Financial Services Ltd.

In its report, Motilal Oswal said, the total AUM for the mut

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Time to review windfall tax on oil
Time to review windfall tax on oil

Chennai,  The fall in the crude oil prices as well as the refining margin for diesel, petrol and aviation turbine fuel, raises the question whether the Indian government should continue with its windfall tax, said CLSA Ltd in a report.

The last two weeks have seen a massive crash in the refining spreads

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K'taka police faces flak after separate attacks on 2 Bajrang Dal activists
K'taka police faces flak after separate attacks on 2 Bajrang Dal activists

Bengaluru, The two separate incidents of attack on Bajrang Dal activists in Shivamogga district of Karnataka have raised serious questions about the police department and its failure to control such anti-social elements.

Two incidents of attacks have been reported from Shivamogga in the last two days.

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With more rainfall predicted for state, AP CM focuses on 4 vulnerable districts
With more rainfall predicted for state, AP CM focuses on 4 vulnerable districts

Amaravati,  Andhra Pradesh Chief Minister Y. S. Jagan Mohan alerted District Collectors to be vigilant as IMD predicts heavy rain in the next two days during a video conference meeting on Tuesday.

As a precautionary measure, the chief minister has released Rs 2 crore each to four districts - Eluru, Allur

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