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  • Jio leaves Idea in acute pain, Q1 loss more than doubles QoQ to Rs 815 crore

    July 27, 2017 2:34 PM

    MUMBAI: Idea Cellular missed estimates in the fiscal first quarter while posting its third net loss in succession, though pressure on voice and data prices triggered by the entry of Reliance Jio Infocomm was offset to a large extent by strong growth in usage. For the quarter ended June 30, Idea posted a consolidated net loss of Rs815 crore compared with a net profit

  • Imran telling lie regarding offer of Rs10bn: Tariq

    July 26, 2017 10:49 PM 2

    ISLAMABAD: Minister of State for Capital Administration and Development Division (CADD), Dr Tariq Fazal Chaudhry Wednesday said Pakistan Tehreek-i-Insaf (PTI) chief Imran Khan was telling a lie regarding an offer of Rs 10 billion. Talking to a private news channel, he said Imran Khan should disclose the name of that person who offered him the amount

  • US Treasury’s Mnuchin urges Congress to lift debt limit before recess

    July 26, 2017 5:37 PM 1

    WASHINGTON: US Treasury Secretary Steven Mnuchin on Wednesday urged Congress to raise the federal debt limit before lawmakers leave Washington for their August recess to avoid increased interest costs to taxpayers and market uncertainty about a potential default. Mnuchin told a Senate Appropriations subcommittee that maintaining US creditworthiness was of "utmost

  • Diesel and petrol car ban: Clean air strategy 'not enough'

    July 26, 2017 2:29 PM 3

    The government's £3bn clean air strategy does not go "far enough or fast enough", say campaigners. Moves including scrapping new diesel and petrol cars from 2040 and £255m for councils to tackle air pollution locally have been welcomed. Transport Secretary Chris Grayling said the government was determined to deliver a "green revolution". But environmental

  • Elon Musk is testing part of a futuristic transport system that could rocket cars through tunnels at 130 mph

    July 26, 2017 1:35 PM 1

    Elon Musk is continuing to make progress on his tunnel boring project in Los Angeles. The serial entrepreneurs latest venture, The Boring Company, is digging a tunnel in the SpaceX parking lot with the eventual goal of extending it to Los Angeles International Airport. The tunnel system would enable vehicles to travel via a futuristic car skate, which

  • Airtel to roll out VoLTE service across India by March’18

    July 26, 2017 1:05 PM 2

    Telecom major Bharti Airtel plans to roll out VoLTE service, that enables phone calls using 4G technology, across India by end of the current financial year, a top official of the company has said on Wednesday. “We have done (VoLTE) trials in 5—6 cities. Towards the end of this fiscal year, we will be taking VoLTE across the country. At present, Mukesh

  • Inventing electric cars is easy

    July 26, 2017 12:49 PM 3

    The UK faces a challenge to prepare for a new automotive revolution, with electric vehicles set to overtake petrol ones from 2040. The cars were slow, with a top speed of around 20mph, but - unlike petrol - they didn't smell, they didn't need gears and they didn't need starting with a hand crank. However, by the 1920s, they were in decline. Petrol became

  • Petrol and diesel ban: Q&A on the road to an electric future

    July 26, 2017 12:38 PM 3

    All sales of new petrol and diesel cars will cease in the UK by 2040, under plans to tackle air pollution. But with electric cars currently accounting for less than 1% of new sales, the switch will mean seismic changes, and gives rise to a host of pressing questions. Poor air quality is the "biggest environmental risk to public health in the UK" - thought

  • Britain to Ban New Diesel and Gas Cars by 2040

    July 26, 2017 12:29 PM 3

    “We can’t carry on with diesel and petrol cars, not just because of the health problems that they cause, but also because the emissions that they cause would mean that we would accelerate climate change.” Mr. Gove called on local councils to use the funds to “accelerate” their efforts to improve air quality and “come up with an imaginative solution

  • Electric cars win? Britain to ban new petrol and diesel cars from 2040

    July 26, 2017 12:29 PM 2

    LONDON (Reuters) - Britain will ban the sale of new petrol and diesel cars from 2040 in an attempt to reduce air pollution that could herald the end of over a century of popular use of the fossil fuel-guzzling internal combustion engine. Britain's step, which follows France, amounts to a victory for electric cars that could eventually transform the wealth