Browsing "Older Posts"

  • DS Automobiles’ X E-TENSE Autonomous EV Previews the Future Cars of Year 2035

    By Morning Glory News → Monday, April 30, 2018
    Have you ever imagined how the car of your dreams might look like in 2035? DS Automobiles might have an answer for you in the form of the DS X E-TENSE. Imagining a dream car for 2035 led DS Automobiles to create an asymmetric, three-seat concept founded on a unique association of two vehicles in one. 

    Due to new technology, the body is capable of recovering its original form after an impact, while the configuration of the front grille and the DS X E-TENSE’s cooling capacity adapt to the driver’s needs.
  • Ferrari quietly tests electric car

    By Morning Glory News →

    Two years ago, Sergio Marchionne dubbed the notion of a Ferrari that can run without the aggressive growl of its 12-cylinder engines “obscene.” Today, it’s a reality.

    Marchionne, Ferrari’s chief executive officer, says the supercar manufacturer has been quietly — very quietly — testing a gasoline electric hybrid car “you could run silently” at a track near its headquarters in the northern Italian town of Maranello.
  • Reliance Jio Adds Highest Monthly Subscribers In A Year

    By Morning Glory News → Tuesday, April 24, 2018

    Mukesh Ambani’s Reliance Jio Infocomm Ltd. added the highest monthly users in a year as it continues to gain subscribers at the expense of smaller telecom operators.
    Reliance Jio added close to 87 lakh subscribers in February, the highest since February 2017, according to the latest data released by the telecom regulator. It now has 17.7 crore users or 15.3 percent share of the market.
    The user addition could have been partly fuelled by lower tariffs and JioPhone. The carrier cut pricing twice in January.
  • Walmart Sees Flipkart as Key to Atone for Missteps in China

    By Morning Glory News →

    Walmart Inc. lost out in China by betting on the wrong horse. In India, the retailer is prepared to pay up to secure the top steed.

    The world’s biggest retailer is nearing a deal to buy a majority stake in India’s top online retailer for at least $12 billion, people familiar with the matter said. Flipkart Online Services Pvt’s major investors, including SoftBank Group Corp., are on board with Walmart purchasing as much as 80 percent of the company, the people said, and they may complete the agreement in the coming weeks.

    In buying Flipkart, Walmart would seek to redress missteps in China, where it initially bought an unprofitable, second-tier online marketplace, then exchanged it five years later for a stake in, the number-two player behind market leader Alibaba Group Holding Ltd. The strategic shift forced Walmart to play catch-up in the world’s biggest e-commerce market, and Chief Executive Officer Doug McMillon doesn’t want to miss the opportunity before him in the world’s second most-populous nation.
  • Thomas Cook India Gets Board Nod For Corporate Restructuring

    By Morning Glory News →

    Thomas Cook (India) Ltd. today said its board has approved corporate restructuring, subject to regulatory approvals, through composite scheme of arrangement and amalgamation, aimed at streamlining its businesses into four key verticals.

    The verticals include, travel (outbound, domestic, business travel and MICE), foreign exchange, destination management services and portfolio investments such as Sterling Holiday Resorts, the company said in a release issued in Mumbai.

    The restructuring also involves the consolidating of the human resource services business into Quess Corp Ltd.

    Pursuant to the composite scheme, Thomas Cook (India) (TCIL) shareholders will receive 1,889 equity shares of Quess of Rs 10 each, for every 10,000 equity shares of Rs 1 each held in TCIL.

    In its current structure, TCIL along with its subsidiaries and associate companies such as SOTC, TCI, TC Travel and Sterling Holidays are engaged in various travel and travel related financial services, vacation ownership and resorts.

    While Quess Corp is engaged in human resource and business related services such as industrial asset management, integrated facility management, human resource services and technology solutions.

    "This proposed restructuring with the realignment of the travel businesses of TCIL and consolidation of the human resource services business into Quess Corp, will simplify the group structure, enabling both to grow independently and consolidate their positions in their segments with far greater clarity of focus," said Madhavan Menon, chairman and managing director, TCIL.

    Post this proposed restructuring, TCIL will a travel focused company, while Quess charts its own growth trajectory in the high growth opportunity space of human capital and allied services, the release said.
  • Ambani’s Mobile Startup Packs 6-Month Sales Into a Quarter

    By Morning Glory News →

    A smartphone in India cost more than $200 just two years ago. Now you can get a decent phone for nothing but a refundable deposit of $23. Data packages are cheap, and a startup company even throws in free voice calls for life.

    For this, consumers can thank Mukesh Ambani, a 61-year-old petrochemicals titan who is the country’s richest man. From his perch overseeing Reliance Industries Ltd., one of India’s largest conglomerates, Ambani has plowed more than $38 billion into his wireless entry, Reliance Jio Infocomm Ltd.

    It’s a classic business disruption. Jio has quickly garnered 14 percent of a market that is expanding rapidly, putting pressure on other mobile phone providers.

    Along the way, virtually every promise Ambani made about the company’s performance in the marketplace has held up, from inexpensive Jio handsets to state-of-the-art wireless connections.

    But one claim merits a closer look: that Jio has been profitable virtually from its commercial launch. And it’s a worthwhile exercise, given talk of a possible initial public offering for the unit or even an acquisition.
  • Hunt for CEO: Egon Zehnder on a lookout for Shikha Sharma's successor at Axis bank

    By Morning Glory News →

    The Axis Bank board has engaged executive search firm Egon Zehnder to find a suitable successor to Shikha Sharma, beginning the hunt for top talent at the Mumbai-based private lender where the incumbent demits office this December.

  • Yakhni: Kashmiri Cuisine's Famous Slow-Cooked Dish

    By Morning Glory News → Monday, April 23, 2018

    Kashmiri cuisine is known for its various meat preparations, cooked meticulously using a range of spices and flavouring agents. Partake in a Kashmiri feast and you are bound to come across one of their most loved meat dishes - Yakhni. The silky smooth curry with falling-off-the-bone meat is an absolute treat for non-vegetarians. Team it with a plate of aromatic pulao loaded with dry fruits and nuts, and you are sure to never forget this meal in your lifetime. Yes, that's the power it holds even with its subtle flavouring. Yakhni refers to a light curry or broth which has to include two main ingredients other than the meat - yoghurt and saffron (kesar). The yoghurt lends in richness to the broth while saffron adds a tempting yellow hue. You need to labour a little before being able to relish the slow-cooked dish. It is said that the Yakhni came to be known in Kashmirduring Akbar's rule. Yoghurt-based meat curries were part of Persian cuisine, and the Emperor introduced this style of cooking to his new state when he annexed it in 1586. Akhbar in fact influenced various regional cuisines if northern India, which have now evolved to become exclusives cuisines by their own right.
    Yakhni dishes are also seen in Greek and Turkish cuisines, but what sets the Kashmiri Yakhni apart is the absence of tomatoes. Certain recipes also avoid onions and garlic since the Kashmiri pundits didn't use those ingredients in their cooking. At a time when almost all Indian curry recipes included turmeric, onions and tomatoes as base ingredients, Yakhni was a class apart sans their addition. While originally Yakhni meant a light curry made with lamb meat, over the years it has gone on to include chicken and even vegetarian versions like Paneer Yakhni. So, how is yakhni made? The meat is first cooked along with a handful of spices to acquire an aromatic broth, then the pieces are removed and yoghurt is added and left to simmer. The meat pieces are again added back to the broth and it is slow-cooked for some more time to finally acquire the smooth texture with delicate meat. The spices that are commonly added are fennel seeds, cinnamon, cardamom and cloves, among others. Another variation of yakhni is the Yakhni Pulao, where rice is cooked in the broth along with the meat pieces to prepare a delectable meal. It is also referred to as Yakhni Biryani and served commonly with a side of raita.