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Adani Group moves Bombay HC seeking to stop investment into GVK Airport Holdings

November 6, 2019November 6, 2019 Loknath DasAdani, airport, Bombay, group:, GVK, HC, Into, investment, Moves, Seeking, Stop, to

According to GVK’s counsel, a deposit of around Rs 1,254 crore was made into an escrow account on October 29. The Adani Group on Tuesday moved the Bombay High Court (HC) seeking to restrain the GVK Group from completing an investment transaction of GVK Airport Holdings, the holding company of Mumbai International Airport (MIAL), without first giving a notice on right-of-first-refusal (RoFR) to Bid Services Division (Mauritius), which holds 13.5% in the airport. The move follows GVK’s announcement last week that a subsidiary of National Infrastructure Investment Fund (NIIF), Abu…

DJI gets into the battling robot business

June 12, 2019June 12, 2019 Loknath Dasbattling, DJI, Gets, Into, The, ‘robot

A little less than a month ago, DJI branched out from the world of gimbals and drones with the release of the Osmo Action, a new action camera that put GoPro firmly in the company’s sites. Now it’s back with another new category: educational fighting robots. The RoboMaster S1 seems like an odd fit at first, but the company’s quick to point out that robotics are an important part of DJI’s DNA. Founder and CEO Frank Wang studied robotics in school, and in recent years, the company has put on a series of robotic fighting tournaments in…

SoftBank arm may venture into India with Loginext investment

May 14, 2019 Loknath Dasarm, India, Into, investment, Loginext, May, Softbank, venture, With

SoftBank Ventures Asia, an early-stage funding arm of Japan’s internet and telecommunication giant SoftBank, might enter the Indian market with an investment in logistics management software provider Loginext Solutions Pvt Ltd. According to various sources, SoftBank Ventures Asia has been in talks with Loginext since April. Interestingly, Loginext is backed by Vijay Shekhar Sharma’s Paytm, in which SoftBank has a major investment. Founded in 2000, SoftBank Ventures Asia is based in Korea and it scouts for start-ups with a strong potential in Asia, the US, Israel, and the EU, focussing…

Future Group to diversify into cloud kitchen business

January 13, 2019 Loknath Dasbusiness, Cloud, diversify, Future, group:, Into, Kitchen, to

In a cloud kitchen concept, operators prepare, package and deliver food without providing any dine-in facility to end-consumers. SHAMBHU KALAN: Future Group will soon venture into the delivery of cooked foods from its kitchens as part of consolidation of food business, according to its Chief Executive Officer Kishore Biyani The group is looking to leverage its digital wallet FuturePay to deliver affordable meals at the doorsteps of consumers under the cloud kitchen concept. “Now, we are talking about cloud kitchen and ready-to-eat food at customers’ home at Rs 40. That is another project…

Thane: Man duped by luring into ‘investment’ in frog blood business, accused arrested

May 26, 2018 Loknath Dasaccused, arrested, Blood, business, by, duped, frog, In, Into, investment, luring, Man, Thane:

Representative image THANE: Police on Saturday arrested a man for allegedly duping a city resident by persuading him to invest in the business of supplying ‘frog blood’ to a UK-based firm. Abdul Kadir Ibrahim Kucchi (40) was arrested from Panvel on Saturday morning under IPC section 420 (cheating), senior inspector Nitin Thakre of the Crime Branch said. According to complainant Ninad Telgote, he received an email from Kucchi some days ago, which said there was a great demand for “blue blood of frogs” from a pharmaceutical company in the UK. If he…

3D-Printed Clip-On Turns Smartphones Into Microscopes

February 22, 2018 Loknath Das3D-Printed, Clip-On, Into, Microscopes, Smartphones, Turns

Australian researchers have developed a 3D-printed “clip-on” that can turn a smartphone into a fully-functional microscope to visualise specimens as tiny as 1/200th of a millimetre. The “clip-on” microscope, developed by researchers from the ARC Centre of Excellence for Nanoscale BioPhotonics at the University of Adelaide requires no external power or light source to function. Described in the journal Scientific Reports, the device is powerful enough to visualise specimens, including microscopic organisms, animal and plant cells, blood cells and cell nuclei. Photo Credit: CNBP The “clip-on” has “internal illumination tunnels” that use light…