Tata Steel May Sell Stake Worth Rs 5500 crore in Tata Motors

first_imgTata Steel is reportedly planning to sell its 5.5% stake in sister company Tata Motors.As per reports, the steel manufacturing arm of Tata Group is expected to execute the stake sale worth Rs 5,500 crore in “one or two tranches”.Surprisingly, the buyer is none other than its parent company Tata Group, a section of media reported quoting sources.Tata Steel also seems to be contemplating to “sell cross holding across Tata Group companies”. The company is expected to undertake debt refinancing to reduce interest charges.However, Tata Steel told CNBC-TV18 that the reports on stake sale in Tata Motors to Tata Group were “speculative”.”The company is committed to making disclosures to regulators and the investing community,” it said.Tata Motors, which will announce its earnings for June quarter on Friday, is struggling to increase its revenues due to declining volumes in China. China is the largest market for Tata Motors’ Jaguar Land Rover (JLR).Tata Motors earns more than 80% of its revenues from JLR sales. A drop in business volumes in China, which accounts for 20% of total JLR sales, weighed heavily on its profits in the March quarter last financial year (2014-15).The company profit slumped by 56.19% to Rs 1,716.50 crore in the January-March quarter compared to Rs 3,918.29 crore in the same quarter a year ago (2013-14).”Overall the environment and the numbers for Tata Motors doesn’t look good for the next couple of quarters,” said Sudip Bandopadhyay of Destimoney Securities.Owing to the weak outlook, share prices of Tata Motors have fell sharply by about 32% since the beginning of April this year.last_img read more

Driving under influence test inside car will check drivers finger

first_img The envisioned reader of blood alcohol content (BAC) will be small, as part of the button that turns the car on. If the driver is inebriated, the car won’t budge, even after the driver hits this “start” button.TruTouch, is a company that defines its specialty as noninvasive biometric intoxication detection systems. Its product for this automotive application has an infrared light. The optical touch pad transmits light into the skin via direct contact and collects a portion of the light reflected back by the skin. This signal is analyzed to determine the alcohol concentration and verify the user’s identity. The device’s test is said to be as accurate as a blood test. Takata is aiming to get the cost down to approximately $200 each. © 2011 PhysOrg.com (PhysOrg.com) — TK Holdings Inc., a subsidiary of Takata Corporation of Japan, manufacturers of safety belts and airbag modules, will partner with TruTouch Technologies to create an in-car detection device that can tell if the driver is too drunk to drive. The device will check out the driver’s blood alcohol level through the skin of the finger. The finger-scanning device is seen as a nonintrusive but reliable way to keep drunk drivers off the road. Explore further To move the product further into development, the two companies partnering for this device have received a $2.25 million grant from the National Highway Traffic and Safety Administration (NHTSA) through the Driver Alcohol Detection System for Safety (DADSS) and the Automotive Coalition for Traffic Safety (ACTS).As for accuracy, observers say it would be a step up from the breathalyzer test, which can yield false positives. The Takata-TruTouch device could be on the market in eight to ten years. According to the NHTSA, the technology could be voluntarily installed as a new-car option.Skeptics ask if a voluntary, not mandatory, solution of this type will bring any meaningful change in the numbers of road accidents caused by drunk drivers. Nonetheless, supporters say the device may signal a new era in safety against drunk drivers.In 2009, close to 11,000 Americans, or one every 48 minutes, were killed in drunken-driving accidents, or 32% of the country’s total motor vehicle traffic fatalities, according to NHTSA data.As part of further product development efforts, the goal is to reduce processing time and to function not just at room temperature but under hot and cold temperatures and with different humidity and vibration levels. In future, cars might decide if driver is drunk The TruTouch Guardian device. Citation: ‘Driving under influence’ test inside car will check driver’s finger (2011, September 30) retrieved 18 August 2019 from https://phys.org/news/2011-09-dui-car-drivers-finger.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more

Climate change to hit coffee lovers hard

first_imgThanks to global warming; your morning cup of coffee could be a lot more pricey in the years to come. Researchers have estimated that climate change could reduce coffee growing areas in Latin America – the world’s largest coffee-producing region – by as much as 88 per cent by 2050. The study published in the journal Proceedings of the National Academy of Sciences (PNAS) offers climate change’s projected impacts on coffee, and the bees that help coffee to grow. “Coffee is one of the most valuable commodities on earth, and needs a suitable climate and pollinating bees to be produce well,” said study co-author Taylor Ricketts, Professor at University of Vermont in the US.”This is the first study to show how both will likely change under global warming – in ways that will hit coffee producers hard,” Ricketts said. While other research has explored climate – coffee scenarios, no other study has explored the coupled effects of climate change on coffee and bees at the national or continental scale. The study was conducted with advanced modeling, spatial analysis and field data. It forecasts much greater losses of coffee regions than previous global assessments, with the largest declines projected in Nicaragua, Honduras and Venezuela. The scientists projected a slight increase in coffee suitability in Mexico, Colombia and, mainly in mountainous areas.last_img read more

The Internet of Things Will Have Arrived When You Dont Even Notice

first_img Opinions expressed by Entrepreneur contributors are their own. There are a lot of breathless predictions about the future of the Internet of Things, or IoT.According to the pundits, in the not-too-distant future we will live in smart homes and navigate our smart city streets to work in smart offices.  All along the way, big-data-driven algorithms will synthesize information across disparate inputs to make our lives easier by automatically controlling all sorts of widgets.According to industry-watchers, the IoT market has the potential to create an economic impact of $2.7 trillion to $6.2 trillion annually by 2025. Sixty-one percent of executives agree companies that are slow to integrate the IoT will fall behind the competition, and 96 percent of executives expect their business to be using the IoT in some respect by 2016.By 2022, a typical family home in a mature, affluent market could contain several hundred smart objects. That is, smart in the sense of gaining some level of sensing and intelligence combined with the ability to communicate wirelessly.Related: What the ‘Internet of Things’ Means for Enterprising EntrepreneursIn many cases, this cloud-based information will itself be informed by telemetry from other low-power and inexpensive devices, creating a cross-vendor virtuous cycle. Think of the sprinkler system that doesn’t come on in the morning because it knows it’s going to rain in two hours, and you start to get an idea of the potential impact the IoT can have.However, most of the “smart” devices of today are not much more than party tricks. They certainly won’t be the drivers of a billion-dollar revolution. If it’s going to live up to its promise, the IoT must be more than adding a smartphone-based remote control to an existing device.One of my favorite examples of a silly feature is a dishwasher that can be remotely started via a smart phone app. That’s great, but given the amount of physical interaction required to get a dishwasher ready for that step — loading the dishes, putting in the soap, closing the door, etc. — what benefit do consumers really get from walking away and starting the cycle from another device?For most devices, Internet connectivity just isn’t that compelling. Really: How much do I care about my hot water heater? I certainly don’t need regular communications with it. I just want to know that it’s working.Your users are already drowning in smartphone apps. With some limited exceptions in the area of lifestyle brands, they don’t want more. To fully exploit the promise of the IoT, companies of all types need to think about how to leverage a more subtle use of connectivity into compelling products and services. Resetting the lowly thermostat from my phone is fine, but what if I could receive a text alert when the house is too cold or too hot, when the furnace is running inefficiently or when the furnace filter needs to be changed?How about linking my thermostat into geofencing to set back the heat when everyone leaves based on smartphone location? It would be helpful if my thermostat could tie into demand response and offer me a discount if I allow my utility to shed electrical load at peak times.Related: 3 Industries Entrepreneurs Can Disrupt With the ‘Internet of Things’As for the the dishwasher, what if it automatically operated when electric rates are the lowest, alerted me when a drain is blocked or proactively scheduled recommended maintenance? Let’s not stop there. The manufacturer could periodically upgrade the software on my device to give me new features and the dishwasher could automatically order detergent from Amazon when it knows I’m running low, based on the number of cycles since the last purchase.For the strong projected growth to occur IoT technology must evolve the dynamic between people and their things in smart and interactive environments. Product designers and manufacturers have the opportunity to begin creating products that will enhance lives by allowing smart devices to not only interact with the user, but learn, respond, predict and communicate with other devices to understand what is needed before the user even knows.The IoT is quickly reaching the point at which the future visions promised in a Jetson-esque worldview are becoming realities. Companies that develop smart devices with autonomous operation that create additional value for the end user will be the most successful in the long run.Related: Want a Piece of the $33B-and-Growing ‘Internet-of-Things’ Market? Register Now » Growing a business sometimes requires thinking outside the box. 4 min read Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global January 22, 2015last_img read more

Technology Might Be Killing Us But It Doesnt Have to Be That

first_img Opinions expressed by Entrepreneur contributors are their own. Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. 6 min read Register Now » February 7, 2018 There is a difference between building a business that has purpose, and building a business to just make money. And while technology has made us all smarter, and just a click away from being connected to a person or information no matter where we are, something seems to be missing.Related: Bill Gates and Steve Jobs Raised Their Kids Tech-Free — and It Should’ve Been a Red FlagMaybe it’s what author Ross Baird has described in his takedown of Silicon Valley — the focus on solving “my world problems” instead of real-world problems. Or maybe, more simply, it’s rediscovering a sense of purpose.It is no longer enough to build new technologies just because we can. We’re living in an attention economy that is being driven, almost entirely, by technology. We have access today to more information than we can possibly absorb, and all of those sources are competing to try to get top of mind with us. If they can get us addicted, then they’ve got a business model.But, we’re also seeing the downside of this tech explosion, and it isn’t pretty. We are more isolated, more segmented and unhappier than ever before as tech has moved away from solving real problems.Related: Amazon Patents Wristband to Precisely Track Its Warehouse WorkersWe need the tech industry to refocus some of that effort on solving real world problems again.The dark side of techMore than 30 years ago, Georgia Tech professor Melvin Kranzberg compiled a list of what he called the “Six Laws of Technology,” which were intended to address potential social unrest related to the growing reach, even then, of technologies. His first law, that technology is not good or bad, but it is also not neutral, has become a measuring stick for tech policy in the era of Big Data, social media and always-on connectivity.That was in the 1980s, and since then technology has only become more pervasive.As of 2017, the average person spent more than two hours per day on various social media platforms, according to influencer marketing agency Mediakix.There will soon be more than 5,000 GB of data on every single person on the planet stored somewhere on the cloud where advertisers, corporations, governments and others can leverage it, a Digital Universe study found.And, incredibly, Facebook recently introduced a version of its Messenger app intended for kids aged six to 12.All this despite knowing that this increasing reliance on technology can be bad for our health. In a recent, ground-breaking piece in The Atlantic, Jean Twenge, a psychology professor at San Diego State, shared research showing that since the advent of the smartphone the rates of depression and suicide have skyrocketed among teenagers.Related: The ‘Father of the iPod’ Says Tech Addiction Would Worry Steve Jobs if he Were Alive TodayThere are two different forces at play here. One is the addictive, dopamine-driving behavioral design of applications that tether us to our technologies. This is what makes you keep that phone right next to you all day long and look at everything that pops up. The second thing is this ability for users to post content online, potentially anonymously or in ways that abuse other people, with little constraint. Too often, this allows people to say things they wouldn’t normally say in front of actual people, leading to more bullying behavior.How tech can helpThe technology industry certainly deserves some blame for this cultural conundrum but it also deserves some credit for not turning a blind eye to this issue. For example, Facebook recently rolled out an artificial intelligence feature that claims to be able to spot suicidal tendencies in users’ social media activity before even their doctors do. The company hopes the technology will help prevent suicides by getting people help before they even know they need it.It’s a good first step, but there’s more the industry can do.Create guidelines: It may be time for the industry to create behavioral health guidelines for their products, in order to both police its own practices and encourage the creation of apps that are built in a way to reinforce and encourage wellness, versus to try to take advantage of more negative behaviors. These would be voluntary guidelines that would police what the industry is doing, to prevent abusive technologies.Related: Study: Constantly Texting and Checking Social Media Makes You ‘Morally Shallow’Promote distance: Two hours of social media usage per day is a lot, but it still pales in comparison to the seven-plus hours that the average person spends watching television. Yet, there are proven mental health benefits to disconnecting from time to time. The industry should be supportive of this practice, encouraging users to take digital sabbaticals on a regular basis in order to maintain a happy and engaged user base. It doesn’t even need to be a full break, as having access to so-called “safe spaces” has been proven to make people happier in today’s increasingly hostile internet.Provide tools: How can users protect themselves against the negative effects of technology? How do they put up barriers against it? The industry can’t stand silent as this issue spirals out of control. Smart tech companies should step up now, acknowledge the problem and offer tools to help their users become healthy customers of their products.We still have a long way to go, but there are tech companies that are working to solve this very real-world problem. One example is Spry Labs, a Cincinnati-based development firm that leads specialized workshops and innovation sessions dedicated to solving society’s big problems. (Spry is a project of Cintrifuse, where I am a founding member.) This past summer, it hosted a hackathon focused on solving the opioid crisis, and on March 10 it is leading a session to help the tech industry deal with suicides.Technology certainly didn’t create the problem of suicide, and it won’t be the last time that we as a society have to deal with it. But, by taking small steps to help address the problem, the tech industry can turn its market power into a force for good, helping to make all of us happier and healthier in the process. Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goalslast_img read more

Passengers will be refunded on 10 cancelled cruises says Voyages to Antiquity

first_img<< Previous PostNext Post >> Passengers will be refunded on 10 cancelled cruises, says Voyages to Antiquity Posted by Share TORONTO — Voyages to Antiquity has announced the cancellation of 10 cruises aboard the Aegean Odyssey this season to make time for repairs to the ship’s starboard engine.All guests affected by these cancellations are being contacted and will be provided with a full refund.Affected cruises are:May 2, 2019 – The Black Sea & Greek IslandsMay 13, 2019 – Classical Greece & Southern ItalyMay 23, 2019 – Renaissance Italy & Historic IslandsJune 4, 2019 – European ConnoisseurJune 18, 2019 – Land of the Midnight SunJuly 3, 2019 – Baltic Capitals & St PetersburgJuly 16, 2019 – The Norwegian FjordsJuly 30, 2019 – Iceland, Faroes & ShetlandsAugust 14, 2019 – The Three RiversAugust 26, 2019 – Mediterranean Odyssey(Grand Voyages containing any segment cruises listed are also affected)The company’s current Athens to Athens roundtrip Greek Island cruise, which departed Athens on April 26, has continued as planned.More news:  Universal enhances popular Harry Potter vacation package with new perksIn an official statement, the company said: “We are working closely with our trade partners and doing everything possible to minimize disruption. Voyages to Antiquity would like to apologize for the inconvenience these cancellations will cause to our guests. The mechanical issue experienced was unavoidable and unforeseeable.”The company went on to say that following its period in dry dock, Aegean Odyssey will be back in service in time to fulfill the remainder of its scheduled cruise timetable, starting with the Rome-Venice and associated future Grand Voyage itineraries departing Sept. 7, 2019.Voyages to Antiquity is sold in Canada through Exclusive Tours, part of Merit Travel Group.center_img Travelweek Group Wednesday, May 8, 2019 Tags: Aegean Odyssey, Cancellations, Voyages to Antiquitylast_img read more