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Tag: Industry

Trump emissions threat to US car industry

Trump emissions threat to US car industry

Science
The US car industry will be wrecked if President Trump relaxes emissions standards, California's governor says.Jerry Brown said China would dominate car manufacture because it was heavily promoting the electric vehicles that would dominate the future.He said huge investment was needed on electric vehicles, along with federal rules to encourage their purchase.He said President Trump and US car-makers were "half asleep" and hadn't understood the scale of the challenge.He told BBC Radio 4's Costing the Earth: "There will be a serious threat to the US auto industry. "The Chinese have taken over the world in wind turbine production, and photovoltaic."They're going to take over the American car industry - and the people in Detroit are half asleep. They have to wake up - and I'm hoping they will....
SBI brings home loan rate to lowest in industry at 8.3%

SBI brings home loan rate to lowest in industry at 8.3%

Finance
NEW DELHI: The largest public lender, State Bank of India (SBI), today lowered home loan rate by 0.05 per cent to 8.30 per cent, the lowest in the industry. It has also reduced the auto loan by a similar percentage point to 8.70 per cent. The reduction in the retail loan rate by SBI is expected to prompt other lenders to go for a similar move. "With this reduction, SBI's offering in home loan is the lowest in the market. The new rates will be effective November 1," SBI said in a statement. The reduction follows a cut in marginal cost of funds based lending rate (MCLR) two days ago, which came after a gap of 10 months. The bank had last cut the rate on January 1. On the rate reduction, P K Gupta, SBI MD retail banking, said, "With this reduction in rates, we are offering lowest rates...
Industry body calls for easy land and finance availability to boost senior housing sector

Industry body calls for easy land and finance availability to boost senior housing sector

Finance
NEW DELHI: The government should provide easy land availability and finance options to private real estate developers and offer incentives to boost the senior housing sector in India, according to industry body PHD Chamber. The body has urged the Centre to establish a regulatory body for senior housing to invite genuine stakeholders to participate and promote fair plays in the market. In an report published today, PHD Chamber has also called for a single window mechanism for real estate developers planning to develope senior housing. Rajeev Talwar, vice president, PHD Chamber and chief executive officer, DLF, feels motivation to real estate developers is required with lucrative framework and investment opportunities for promoting large scale participation in the senior housing sector b...
Technologies like A.I., blockchain and drones ‘majorly’ disrupting insurance industry, report says

Technologies like A.I., blockchain and drones ‘majorly’ disrupting insurance industry, report says

Finance
Insurance firms are facing increasing competitive pressure on all fronts due to the emergence of a number of insurance technology (insurtech) start-ups, according to a report.With the integration of technologies like artificial intelligence, blockchain and drones entering the insurance mix, the sector is being forced to rethink its model.The World Insurance Report, published Wednesday by consulting giant Capgemini and non-profit industry body Efma, found that nearly one third (31.4%) of customers relied on insurtech solutions - either exclusively or in combination with an established insurance company."Customers are seeking more digital touch points for convenience, as customers experience in their daily lives that degree of personalization," Keith Webb, vice president at Capgemini and co-...
Girls, guitars and sexism in the music industry

Girls, guitars and sexism in the music industry

Entertainment
Mercury shortlisted guitar group The Big Moon are sick of the music industry putting everyone in boxes.Guitarist Soph Nathann says: "Because there's not enough [women] out there it's like a separate genre - rock, pop, then women!"I catch up with the guitar band - whose album Love in the 4th Dimension made the Mercury shortlist for 2017 - just before they take to the stage for the Reading leg of the Reading and Leeds Festivals.They are one of just a handful of all-female bands to make it onto the bill.Video:Is rock really only for the boys?Bassist Celia Archer says it's something most female rock groups have come to accept: "Society is still generally sexist, it's ingrained. It's such an entrenched problem but hopefully it's slowly getting better."This year, embarrassed festival organisers ...