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Factory blaze adds to computer chip supply crisis

Factory blaze adds to computer chip supply crisis

Technology
RenesasOne of the car industry's biggest computer chip suppliers has warned that a major fire at one of its factories in Japan could have a "massive impact" on its ability to fulfil orders.The incident comes at a time when supplies of chips to the auto industry were already running short.Shares in the semiconductors firm Renesas fell, along with its clients including Toyota, Nissan and Honda.Elsewhere, Volkswagen has said chip scarcity might last until the autumn."I think things will get stable by the fall but certainly its going to be complicated, and its going to be challenging but I think we'll navigate it," Scott Keogh, VW's North America chief executive told the BBC.He added that some of the company's plants were likely to run less shifts a day, but added that he hoped factory shutdow...
Tesla adds $100bn in value as tech stocks stage bounce-back

Tesla adds $100bn in value as tech stocks stage bounce-back

Technology
Tesla has led a bounce-back for US tech stocks as its shares surged by as much as 20% partly thanks to figures showing higher sales in China.The electric car company, led by Elon Musk, was also boosted by an analyst upgrade and a wider upturn in investor sentiment which saw the tech-heavy Nasdaq index climb nearly 4%. Tesla's shares have had a wild ride over recent months, with Mr Musk for a time becoming the world's richest person as the stock surged before losing the crown as it slipped back from its highs. Image: The stock was partially boosted by China sales figures On Tuesday it was the stand-out performer among a host of tech stocks as they staged a recovery after sharp losses in recent weeks.Apple, Amazon and Microsoft were all...
NPCI adds offline transactions feature in RuPay cards, reloadable wallet facility for retail payments

NPCI adds offline transactions feature in RuPay cards, reloadable wallet facility for retail payments

Finance
The National Payments Corporation of India (NPCI) on Wednesday said it has added features in RuPay cards that will allow offline transactions even in areas with limited internet connectivity, besides offering a reloadable wallet facility to boost seamless retail transactions. RuPay cardholders can make contactless offline payments at POS (point of sale) in areas with limited network and an additional feature of reloadable wallets in the form of RuPay contactless (offline) will facilitate seamless day-to-day retail transactions, the NPCI said. These additional features will augment the overall transaction experience for RuPay cardholders and revolutionise the overall card payment ecosystem, it said. NPCI said with the relodable RuPay NCMC card, customers can store money to ensure quick and ...
NASA adds software experts to work toward new Boeing capsule flight

NASA adds software experts to work toward new Boeing capsule flight

Science
ORLANDO, Fla., July 7 (UPI) -- NASA added software experts to work with Boeing and SpaceX on their space capsule programs following the failure of Boeing's Starliner test flight in December, the agency announced via a teleconference from Florida on Wednesday. The software oversight changes were outlined in NASA's release of its final review of the Starliner failure. Advertisement The space agency said Boeing remains on track for a second test flight in the last half of this year. Competitor SpaceX's Crew Dragon capsule successfully delivered astronauts to the International Space Station on May 31. "Right now I cannot imagine a scenario where SpaceX is the only provider. ... We need both Boeing and SpaceX to be there for us," said Steve Stich, manager of NASA's commercial crew program. He...
EPFO adds 1.39 crore subscribers in last two fiscals

EPFO adds 1.39 crore subscribers in last two fiscals

Finance
NEW DELHI: Retirement fund body added 1.39 crore new subscribers in last two financial years, the Ministry of Labour & Employment said on Monday. "Recently published provisional payroll data by the EPFO highlights the ever growing trend of increasing subscriber base for EPFO, since the collation of payroll data from September 2017," the ministry said in a statement. The payroll data presents the consolidated annual figures for 2018-19 and 2019-20. Net addition to subscriber base rose from 61.12 lakh added in 2018-19 to 78.58 lakh in 2019-20, registering a 28 per cent growth, it added. The data published comprises of all the new members who have joined during the month and whose contribution is received. The subscriber growth is on account of lower exits and higher rejoining by exited m...