Musk calls Bezos a 'copy cat' after Amazon announces Project Kuiper : Bulletin: Business Today
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Musk calls Bezos a 'copy cat' after Amazon announces Project Kuiper

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April 11, 2019

Election Commission bans release of PM Modi biopic ahead of Lok Sabha election, order to affect NaMo TV too
The Election Commission of India (ECI) has stopped the release of biopic 'PM Narendra Modi' for the duration of 2019 Lok Sabha elections. In its statement, the election body said that any material disturbing the level playing field in favour of any political party or individual should not be displayed. Opposition parties have been calling for a ban on the movie in view of Model Code of Conduct (MCC).

Elon Musk calls Jeff Bezos a 'copy cat' after Amazon announces Project Kuiper
SpaceX founder and Tesla CEO Elon Musk has called Amazon CEO Jeff Bezos a 'copy cat' on Twitter after the latter announced plans to provide broadband Internet access via satellites in low earth orbit. This comes months after Musk's privately owned company SpaceX's starlink project got approval from the Federal Communications Commission (FCC) in November to launch over 11,000 satellites for providing global high-speed Internet.

Voda Idea, Airtel, Jio pay spectrum dues of over 10,000 cr in April; RCom yet to pay
Leading telcos Vodafone Idea, Bharti Airtel and Reliance Jio have paid the government over Rs 10,000 crore in spectrum dues slated for April 10, but debt-ridden Reliance Communications has so far not deposited its outstanding amount of Rs 492 crore, a source said.The payments are towards the latest installment in deferred spectrum liability for radiowaves bought in the past auctions.

Have created over 1 lakh direct and indirect jobs in India: OYO
Hospitality firm OYO Wednesday said it has created over a lakh direct and indirect jobs in India and is aiming to double the number by 2020. The company is helping empower multiple ancillary industries in the hospitality ecosystem by leveraging scale to make bulk procurement that supports local businesses

Airbus enters new era with change of CEO
European aerospace giant Airbus on Wednesday welcomes new CEO Guillaume Faury, whose inbox includes Brexit, US President Donald Trump's trade threats and corruption investigations. The 51-year-old Frenchman takes over from Tom Enders, who is stepping down after five years leading the France-based group whose 129,000 employees manufacture airliners, helicopters and satellites.

Irdai asks insurers to share status of claims with policyholders from Jul 1
Insurance companies will have to inform about claim settlement status to policyholders at various stages of processing from July, Irdai said Wednesday. Insurers need to adopt a clear and transparent communication policy to protect the interest of policyholders, it said in a circular.

Some reforms in India show benefits of digitalisation: IMF
Some reforms in India have shown the benefits of digitalisation which has also reduced the opportunities for discretion and fraud, the IMF said in its latest report on Wednesday.The introduction of e-procurement in India and Indonesia has also increased competition and led to better quality of construction, the International Monetary Fund (IMF) said in its latest edition of the fiscal monitor report released ahead of the its annual spring meeting with the World Bank.
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