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Lyft Partners nuTonomy to Test Self-Driving Cars in Boston

Loknath Das, , , , , , , ,

Uber rival Lyft said Tuesday it would begin testing autonomous ridesharing in Boston under a partnership with the technology startup nuTonomy. Under the partnership, nuTonomy and Lyft will collaborate to gain insights into “all aspects of ensuring a passenger’s comfort and safety” in self-driving vehicles, a joint statement said. Lyft’s move follows a similar effort by Uber, which has been using autonomous vehicles in a test program in some US cities. “At Lyft, we imagine a world where car ownership is optional and cities are designed for people instead of…

World Thyroid Day: Foods to Eat and Avoid to Manage Common Thyroid Disorder Symptoms

Loknath Das, , , , , , , , , , ,

World Thyroid Day is commemorated every year on 25th May globally by the American Thyroid Association (ATA) along with other International thyroid societies. Thyroid is an important gland found at the base of the neck that produces, stores and releases two important hormones which are Triiodothyronine (T3) and Thyroxine (T4). The thyroid gland is able to carry out its functions with the help of iodine derived from the food we eat. Therefore, our diet plays an important role in the risk of developing thyroid problems and also managing them. The two most…

SoftBank loses $1.4B investment in Snapdeal, Ola

Loknath Das, , , , , , , , , ,

SoftBank cannot possibly need more reasons to push Snapdeal off its portfolio. According to its consolidated financial report for FY 2017, the company has faced a combined loss of $1.4 billion in investments in the online marketplace as well as in cab hailing platform Ola. In February this year, SoftBank had written off $475 million from the same two players – its biggest investments in India. Image credit: Anisha Despite the backing from the likes of Kalaari Capital, Nexus Ventures, Alibaba, and Foxconn, Gurgaon-based Snapdeal has been unable to raise funding…

Japan to provide $40 million to ADB to back high-level technology

Loknath Das, , , , , , , ,

Japanese Deputy Prime Minister and Finance Minister Taro Aso attends at opening session of the ADB annual meeting in Yokohama, south of Tokyo, Japan May 6, 2017. REUTERS/Issei Kato Japan will provide $40 million to the Asian Development Bank to promote high-level technology as part of efforts to boost quality infrastructure in Asia, Finance Minister Taro Aso said on Saturday. “Japan has been promoting quality infrastructure in Asia in close collaboration with the bank,” Aso told the ADB’s annual gathering in Yokohama. “Enhancing quality of infrastructure in terms of lifecycle…

Technology a blessing to tourism

Loknath Das, , , ,

Tourism! Some call it leisure, others call it business. It means different things to different people at different times. To many, traveling all over the world for business while you accidentally bump into unique destinations is Tourism. To a certain extent, this is true. However, tourism goes way beyond just travelling around. It encompasses travelling, visiting tourist destinations, learning diverse cultures and tradition as well as experiencing various lifestyles. Merely passing by a tourist site doesn’t make one a tourist. You actually have to stay in a place and spend…

UK inflation steady at 2.3% in March business live

Loknath Das, , , , , , , , ,

The pound is currently up 0.25% at $1.2441, having been as high as $1.2445 and as low as $1.2404. FXTM research analyst Lukman Otunuga said: Sterling was volatile on Tuesday, with prices oscillating between losses and gains after markets digested the UK’s steady 2.3% inflation figure for March, which was the highest level since September 2013. The ongoing currency weakness created by Brexit, coupled with rising oil prices has elevated inflation above the Bank of England’s 2% target, with speculation mounting over CPI following its positive trajectory this quarter. Although…