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Top 10 business news today: BSNL to set up 40,000 Wi-Fi hotspots, FIR against Snapdeal over Maggi noodles ban, Wipro names Abid Ali Neemuchwala as CEO, 3D effect added to Indian Railways’ museum, more

Tue January 05 2016, 3:50 pm
  • 1. BSNL to set up 40k Wi-Fi Hotspots in the country: CMD: Public sector telecom major BSNL on Monday said it is working on setting up 40,000 Wi-Fi Hotspots in the country to counter its inadequacy in providing 4G data services. "We are at present neither a 4G service provider, nor do we have the relevant spectrum to launch this service. But to deal with this challenge, we are working on a scheme to set up 40,000 Wi-Fi Hotspots in the country, as it (Wi-Fi Hotspot) is faster than 4G services," BSNL CMD Anupam Shrivastava told reporters. (Image Source: Reuters)

  • 2. FIR against Snapdeal for flouting Maggi noodles ban: An FIR has been registered against the CEO and founder of an e-commerce major for allegedly selling popular Maggi noodles online during the ban period, in five Indian states. A case was registered yesterday against CEO of Snapdeal Kunal Bahl and its founder Rohit Bansal for online sale of Nestle's instant noodles in five states including Rajasthan during the period of ban between June 7 and October 30 last year, police said on Monday. (Image Source: Reuters)

  • 3. Wipro reboots top management; names Abid Ali Neemuchwala as CEO: In a major restructuring, India's third largest IT services firm Wipro on Monday named Abid Ali Neemuchwala as its new Chief Executive Officer, replacing TK Kurien who has been elevated as Executive Vice Chairman. Neemuchwala, ex-TCS veteran, will assume charge from next month, Wipro said in a statement. "Over the past five years, Wipro has been transforming into a next generation technology and consulting company with defining differentiators in the market place," Wipro Chairman Azim Premji said. (Image Source: Reuters)

  • 4. Miniature train, steam loco simulator at Rail Museum: A visit to the National Rail Museum here will be more exciting now as it has acquired a miniature train and locomotive simulators with 3D effect to increase the footfalls. A visitor can ride the train simulators including diesel loco, steam loco and coach to feel the actual train running experience, a senior Railway Ministry official said on Monday. The coach simulator will also give an insight of the development by the Railways over 162 years using state-of- the-art 3D virtual reality. Besides a miniature train, modern transportation concepts like tube rails are also on display. (Image Source: Express Photo by Surbhi Singh)

  • 5. Magic Sewa partners Uday Foundation: Taxi startup Magic Sewa on Monday said it has partnered Uday Foundation, a Delhi-based NGO, to offer free pick and drop services to children suffering from cancer to any hospital in the city during the odd-even period. The company had also reduced its fare during the ongoing odd-even scheme days to Rs 100 for the first 5 kms and Rs 6 per km (from Rs 10 per km) after that.

  • 6. LIC launches Jeevan Labh: Life insurance giant LIC on Monday launched a limited premium paying, non-linked endowment assurance plan, Jeevan Labh. The plan is available from ages eight years to 59 years and a choice of policy term of 16, 21 and 25 years with premium paying term of 10, 15 and 16 years, respectively. The maximum age at maturity is 75, the corporation said in a statement. The plan also offers an additional accidental death and disability benefit by paying additional premium.

  • 7. Free Wifi for Ardha Kumbh devotees at Haridwar: BSNL: Devotees thronging the banks of river Ganga at Haridwar for Ardha Kumbh mela have been provided free WiFi facility. Ramesh Kumar, BSNL Assistant General Manager, on Monday said "the service which has been operationalised at the popular Har-Ki-Pairi ghat will help devotees share their experience related to the vast religious gathering with their near and dear ones through the internet." Launched in collaboration with Trimax on Saturday, the free wi-fi facility can be availed by devotees at Har Ki Pairi throughout the four-month event scheduled to conclude in April and also after that, he said. (Image Source: Reuters)

  • 8. Paytm acquires Shifu for $8mn to enrich customer experience: Paytm has acquired Shifu for USD 8 million (about Rs 53.2 crore), a move that will enable the digital payments company to offer more personalised user experience. Shifu, a context-aware personal assistant application, mines the smartphone usage patterns of users and makes personalised and highly relevant recommendations to them. "Through the acquisition, Paytm aims to leverage the tech infrastructure of Shifu to enrich the customer experience it offers to its users. The 20-member team behind Shifu has also come on board across various verticals at Paytm," Paytm said in a statement on Monday. (Image Source: Reuters)

  • 9. Toyota, Skoda, Tata Motors hike prices, others finalising: After most of the carmakers having induced customers to buy cars last month with an impending price hike from January, only Toyota Kirloskar Motor, Tata Motors and Skoda have so far increased the prices of their vehicles by up to Rs 33,000. Auto makers including Maruti Suzuki, Hyundai, General Motors India, Renault, Nissan, Honda, Mercedes-Benz and BWM, had all announced that they would increase prices of their vehicles from this month citing rising input costs. When contacted, Toyota Kirloskar Motor confirmed increase in prices of its different models. (Image Source: Reuters)

  • 10. US sues VW over emissions-cheating software in diesel cars: US authorities are suing Volkswagen over emissions-cheating software found in nearly 600,000 vehicles sold in the United States. The Justice Department and the Environmental Protection Agency on Monday filed a civil complaint against the German automaker in US District Court in Detroit. The lawsuit alleges the company illegally installed software designed to make its diesel engines pass federal emissions standards when undergoing laboratory testing. (Image Source: Reuters)

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