On what basis high-speed vehicles are allowed to be imported: HC asks Centre

Agencies
August 1, 2017

Chennai, Aug 1: Noting that high-speed vehicles endangered the life of innocent citizens, the Madras High Court today suo motu impleaded the Union revenue secretary in a related matter and sought to know the basis on which such vehicles were allowed to be imported.

Justice N Kirubakaran also directed the official to get instructions on the matter and also, on whether it was possible to prohibit the import of such vehicles.

The judge was hearing appeals by the state transport corporation against the award of various amounts in favour of the claimants in a 2014 road accident, involving two buses, which left two persons dead and 29 injured.

The judge, after referring to section 112 of the Motor Vehicles Act, 1988, which had prescribed the speed limit for different classes of vehicles with effect from July 1, 1989, in his order, said, "When the permissible speed limit, as specified in the above tabular column, does not exceed 65 km per hour, it is not known as to how the Indian automobile manufacturers are allowed to manufacture vehicles fitted with high-speed engines, capable of travelling (at a speed of) much more than 100 km per hour.

"If the automobile manufacturers are prohibited from manufacturing such vehicles, the question of limiting the speed would not arise and even if the driver intends to drive the vehicle at a high speed, it will not be possible. Hence, the speeding of vehicles needs to be controlled at the threshold itself at the manufacturing stage."

The judge, while referring to various high-speed vehicles which were imported for racing, endangering not only the lives of the drivers but also the innocent public, who were either travelling on the road or walking on the pavement, directed the counsel to get instructions from the impleaded authority on the issue.

The judge then directed the secretary, Tamil Nadu transport department to ascertain the possibilities of implementing such a condition for the manufacturers and report to the court.

The judge, while reminding both the state and central authorities about the questions raised by him on July 8, 2015 and August 19, 2015, which were not answered, directed them to answer by August 21, failing which the heads of departments such as the Union secretary, transport department, secretary, state transport department, and the impleaded department have to personally appear before the court.

 

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Agencies
July 19,2020

New Delhi, Jul 19: Three of the 10 most valued companies added a total of Rs 98,622.89 crore to their market valuation last week, led by stellar gains in IT major Infosys.

Seven companies from the coveted list witnessed a decline in their market valuation last week, but their cumulative loss of Rs 37,701.1 crore was less than the total gain made by three firms -- Reliance Industries Limited, Hindustan Unilever Limited and Infosys.

The market capitalisation of Infosys zoomed Rs 52,046.87 crore to Rs 3,85,027.58 crore. Shares of Infosys had rallied over 9 per cent on Thursday after the company posted a stronger-than-expected 12.4 per cent rise in the first quarter consolidated net profit.

Hindustan Unilever Limited added Rs 25,751.07 crore in its market valuation which stood at Rs 5,48,232.26 crore at close on Friday. Reliance Industries' m-cap jumped Rs 20,824.95 crore to Rs 12,11,682.08 crore.

In contrast, HDFC's valuation plunged Rs 13,920.21 crore to Rs 3,13,269.70 crore and that of Tata Consultancy Services (TCS) declined Rs 7,617.34 crore to Rs 8,26,031.21 crore.

The valuation of ICICI Bank tumbled Rs 4,205.71 crore to Rs 2,29,156.24 crore and that of Kotak Mahindra Bank by Rs 4,175.28 crore to Rs 2,62,864.37 crore.

Bharti Airtel's m-cap dipped Rs 4,009.83 crore to Rs 3,09,521.05 crore and HDFC Bank's by Rs 3,403.97 crore to Rs 6,03,463.97 crore.

The valuation of ITC declined by Rs 368.76 crore to Rs 2,38,469.29 crore.

In the ranking of top-10 firms, RIL was at the number one rank followed by TCS, HDFC Bank, HUL, Infosys, HDFC, Bharti Airtel, Kotak Mahindra Bank, ITC and ICICI Bank.

During the last week, the 30-share BSE index advanced 425.81 points or 1.16 per cent.

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Agencies
July 9,2020

Twitter has hinted that it is planning a paid subscription platform that can be reused by other teams in the future.

The news that the micro-blogging platform is building a subscription platform with a team codenamed "Gryphon" resulted in Twitter stock rising over 8% on Wednesday.

Twitter revealed its plan via a job listing that seeks a full-stack senior software engineer in New York to join "Gryphon".

Interestingly, Twitter "edited" the job listing once the news broke, removing the part about "Gryphon" and any mention of their internal team or their subscription feature. The listing said the company is looking for an Android engineer to "work on a bevy of backend engineering teams to build components that allow for experimentation to deliver the best experience possible to all of our users".

Later, Twitter users noticed that the company restored the earlier job listing that mentioned the upcoming subscription platform and "Gryphon".

A spokesperson for Twitter told CNN on Wednesday that it's only a job posting, not a product announcement.

This is not the first time Twitter has thought of a paid product. 

In 2017, it sent out a survey to users and a preview of what a premium offering of its TweetDeck app might look like, including breaking news alerts and more analytics, according to The Verge.

"We're conducting this survey to assess the interest in a new, more enhanced version of Tweetdeck. We regularly conduct user research to gather feedback about people's Twitter experience and to better inform our product investment decisions, and we're exploring several ways to make TweetDeck even more valuable for professionals," a Twitter spokesperson had said at that time.

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News Network
July 28,2020

Bengaluru, Jul 28: Congress leader Siddaramaiah on Monday alleged that BJP is trying to destabilise the Congress government in Rajasthan.

"It is the duty of the Governor to act according to the decision of the state cabinet. But he is acting like a central government puppet," he said at a protest organised here by Karnataka Pradesh Congress Committee (KPCC).

He said the Congress is protesting across the country to save democracy and save the constitution.

"We are not fighting through violence. We are protesting peacefully. The Constitution has given the right to protest in a democratic system," he said.

He accused the BJP of "being disrespectful" to the Constitution.

"Governments must walk within the framework of the Constitution. The Constitution gives everyone rights and duties. BJP destabilises elected governments and buys our legislators by horse-trading by spending crores of money. The same thing happened in Karnataka as well," he alleged.

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