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Tesla Beats Deadline for Building World’s Biggest Battery

Entrepreneur Elon Musk has won a $50 million (roughly Rs. 324 crores) bet by beating a 100-day deadline for building a giant battery to help South Australia avoid energy blackouts, officials said. State Premier Jay Weatherill said testing of the massive lithium ion battery would begin within days, ahead of the December 1 deadline Musk set for himself when he signed off on the project earlier this year. Musk had pledged to build the battery in the South Australian outback for free if it was not completed within the 100 days. He…

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Britain’s biggest carrier Monarch Airlines shuts, leaving thousands stranded

Monarch Airlines collapsed on Monday, the biggest ever failure of a British airline, stranding tens of thousands of travellers overseas and prompting the country’s biggest-ever peacetime repatriation effort. Monarch cancelled about 300,000 future bookings and apologised to customers and staff as it became the UK’s largest carrier to go into administration. “I am so sorry that thousands now face a cancelled holiday or trip, possible delays getting home and huge inconvenience as a result of our failure,” Monarch Chief Executive Andrew Swaffield told employees in a message. “I am truly…

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Asian Shares Post Biggest Gain In A Month

Hong Kong: Asian stocks posted their biggest daily rise in a month on Monday following modest gains in US shares, though the greenback came under renewed pressure as Washington’s political turmoil undermines confidence in US economic policy. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.9 per cent on Monday helped by gains in Australia and Hong Kong stocks despite fresh curbs unveiled by regulators on the property markets in the latter. “This won’t have much impact on the market as buyers will continue to focus on the…

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Idea, Vodafone India Announce Merger, To Be Biggest Telecom Operator In India

The combined entity of Vodafone India and Idea Cellular will have around 40 crore customers. Idea Cellular and the Indian unit of British telecom company Vodafone today announced a merger, creating the country’s largest telecom operator. The merger of Vodafone India (the second largest telecom operator in India) and Number 3 player Idea Cellular will create India’s largest telecom operator with around 40 crore customers or nearly one in every three customers in the country. The combined entity of Aditya Birla group’s Idea Cellular and Vodafone India will have the…

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The 13 Biggest Nutrition Discoveries of 2016

The year in review: nutrition edition The truth about nutrition is always in flux. One day coffee is a carcinogen, the next it’s a potent antioxidant. Carbs used to be the devil, now (the right kinds) are the staple of a well-balanced diet. What’s healthy seems to change regularly, and 2016 was no exception, which is why we’re looking back at the biggest nutrition discoveries of the year. To recap: Remember how we all suffered from serious false hope when butter was said to be healthy? (That is, until another…

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Dear Startups, It’s Time to Be the Best, Not Just the Biggest

Launched in India in 2010, Ola has been one of the most successful companies here. It was the most funded startup in 2015, and it’s one of the few companies that has been able to compete with Uber. In September 2015, the company rolled out Ola Shuttle in Bengaluru and Gurgaon, essentially a private bus shuttle, with air-conditioned buses that offer Wi-Fi connectivity. They’ve expanded in scope, and now cover parts of Noida as well as part of a trial, but using them on a daily basis shows the gulf…

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