Hcl tech q3 results

Representative image. While claiming that “drone technology poses a significant threat to governments…”, the Parliamentary Standing Committee on Home Affairs urged the Ministry of Home Affairs to create a pool of anti-drone technology and let all States and Union Territories access it. The committee also sought and received information from several States, including West Bengal and Punjab, regarding the steps taken to deal with drone attacks. These recommendations and inquiries are part of the committee's 237th report on Police — Training, Modernisation and Reforms, released in February 2022. They come at a time when the Indian government has been trying to give the sector a boost through its Drone Rules – 2021, and the more recent PLI Scheme for Drones . In addition, there has also been a growing impetus for the use of drones in varied industries, including agriculture and health (medicine delivery). “The Committee... recommends that the MHA may take up with concerned … [Read more...] about Parliamentary panel terms drone ‘misuse’ a significant threat, asks MHA to create anti-drone tech

Share to Twitter Share to Linkedin Topline A group of Wisconsin voters filed a lawsuit in state court Tuesday against the “fake” electors who submitted alternate election results to Congress claiming former President Donald Trump won in 2020, the first such lawsuit filed against any state’s “fake electors” as the voters try to stop the scheme from happening again in the future. Key Facts The plaintiffs, which include several legitimate electors who elected President Joe Biden in Wisconsin’s Electoral College vote, sued 10 GOP electors who cast alternate votes for Trump, as well as two attorneys who aided their efforts. The lawsuit alleges the fake electors’ actions constituted a civil conspiracy and an illegal public nuisance, and were in violation of a law that makes it illegal to “usurp, intrude into or unlawfully hold or exercise any public office” in the state. The alternate electors met at the same time as the official ones and … [Read more...] about Wisconsin Voters Sue State’s ‘Fake Electors’ Who Fought 2020 Election Result

Share to Twitter Share to Linkedin Topline Fourteen Senate Democrats sent letters Tuesday to two data brokers demanding information about data they’ve distributed related to abortion clinic visits, as the prospect that the Supreme Court could soon overturn Roe v. Wade has sparked new concerns about how patients’ digital data could be used against them to enforce abortion bans. Key Facts The senators, led by Sen. Elizabeth Warren (D-Mass.), sent letters to SafeGraph and Placer.ai , following Vice reports that found SafeGraph sold location data of people who visited Planned Parenthood clinics and Placer.ai offered “heat maps” on its website showing where Planned Parenthood patients live. Calling the reports “appalling,” the lawmakers asked the companies to “immediately account for [their] problematic practices … and guarantee that [they] will eliminate these practices, and others like them, completely and permanently.” The lawmakers … [Read more...] about Senate Democrats Demand Answers About Tech Companies Sharing Data From People Who Get Abortions

Key Takeaways Analysts estimate adjusted EPS of $1.48 vs. $1.69 in Q1 FY 2022. U.S. comparable sales (excluding fuel sales) are expected to rise YOY, but at less than half the pace of the same quarter a year ago. Revenue is expected to barely increase for the second straight quarter as the boost from the pandemic continues to wear off. Walmart Inc. ( WMT ), one of the world's biggest retailers, enjoyed unusually strong earnings and revenue growth during the past two years. The key driver was consumers who changed their buying patterns in several ways during the pandemic. Walmart's e-commerce sales soared as people sheltering at home boosted their shopping online. And consumers also spent more on manufactured goods as they spent less on dining out and traveling. But these pandemic-related forces are beginning to lose momentum. As a result, Walmart's growth has begun to slow sharply. Investors will be watching whether Walmart can reverse its slowdown in growth when … [Read more...] about Walmart Q1 FY2023 Earnings Report Preview

Representative image. New Delhi-based drone startup Skye Air Mobility along with Aster DM Healthcare is currently undertaking a seven-day trial for carrying out deliveries of medicines and diagnostic samples from Aster RV Hospital to Aster Clinics in Bengaluru. The beyond visual line of sight (BVLOS) operation began on May 14, and is expected to continue till May 20, a release by Skye Air said. According to an agreement signed by the drone startup and the healthcare provider, Skye Air, with its ‘Skye Ship One’ drone, is aiming to undertake 80 flights, each carrying blood samples and medicines for Aster clinics. BVLOS drone flights are those that go beyond 500–700 metres from the eye’s vision or beyond the visual line of sight. A Skye Air release said that firstly, a Skye Air cold chain professional will load the medicine and diagnostic sample in a temperature-controlled payload box. Then, the payload box will be loaded on the drone, which would be then manoeuvered by drone … [Read more...] about Skye Air Mobility, Aster DM Healthcare conduct trials for delivery of medicines with drones in Bengaluru

Serba Dinamik seeks restraining order against units, proposes '100% return' scheme of arrangement to creditors - A + A KUALA LUMPUR (May 18): Four subsidiaries of Serba Dinamik Holdings Bhd are seeking a restraining order and a leave to convene a creditors' meeting -- a move seen as to revive the troubled oil and gas group which is facing a winding up petition from its creditors. In a bourse filing on Wednesday (May 18), Serba Dinamik said its subsidiaries, namely Serba Dinamik Group Bhd (SDGB), Serba Dinamik Sdn Bhd (SDSB), Serba Dinamik Development Sdn Bhd and SD Controls Sdn Bhd, have filed an application for the two purposes on May 13. SDGB and SDSB are also among Serba Dinamik’s three subsidiaries, which together with the listed entity were slapped with winding-up petitions from six financial institutions for failing to service its RM1.2 billion syndicated term financing. The lenders are HSBC Amanah Malaysia Bhd, Ambank Islamic Bhd, Bank Islam Malaysia Bhd, … [Read more...] about Serba Dinamik units seek restraining order, proposes ‘100% return’ scheme of arrangement

- A + A (May 18): Asian sponsors of blank-check firms are facing a tough market for initial public offerings wherever they turn, as a combination of increasing regulatory scrutiny and fading investor demand shutters the window for new listings from the US to Asia. In the past three months, at least six Asia-related special purpose acquisition companies seeking a combined $1.3 billion from US IPOs have been scrapped, according to data provider SPAC Research. Of 12 blank-check firms that have filed to go public in Hong Kong, only one has actually started trading. It’s a similar pattern in Singapore, where SPACs have stalled after three inaugural IPOs in January. “The global IPO market has obviously been very quiet so far this year,” Paul Uren, JPMorgan Chase and Co.’s Asia Pacific head of investment banking, said in an interview with Bloomberg TV. “What we need to see for that to change is lower volatility and investors with more of a risk-on mentality.” Asia was … [Read more...] about Asia’s SPAC Hopefuls Have Nowhere to Turn As IPO Market Shuts

- A + A HONG KONG (May 18): Analysts at Goldman Sachs said on Wednesday they were lowering their China 2022 gross domestic product growth forecast to 4% from 4.5% as a result of Covid-19-related damage to the economy in the second quarter of this year. It was more likely China's economy would undershoot than overshoot their target, they added. "Even this lower growth projection embeds the assumption that Covid is mostly under control going forward, the property market improves from here, and the government provides substantial policy offset through infrastructure spending in coming months," they wrote. China's retail and factory activity fell sharply in April as widespread Covid-19 lockdowns confined workers and consumers to their homes and severely disrupted supply chains. China's uncompromising strategy to fight Covid-19 has placed hundreds of millions of people in dozens of cities under restrictions of some kind, and has disrupted a global rebound in … [Read more...] about Goldman cuts China 2022 growth forecast to 4%

- A + A NEW YORK (May 18): In public, Elon Musk’s erratic tweets have sent Twitter Inc’s shares flailing, as traders bet that the billionaire is preparing to walk away from or re-negotiate his US$44 billion takeover of the social-media company. Behind the scenes, it’s more like business as usual, as advisers on both sides plug away at the day-to-day work of closing a megadeal. One potential sign that the deal is still on track: the 139-page filing that hit early Tuesday, detailing how the offer came together and Twitter’s rationale for accepting it. That document was the result of weeks of coordinated work by both Musk and Twitter’s teams, according to people familiar with the matter. Musk himself signed off on the final version — complete with a deal price of US$54.20 a share — before it was filed, the people said. The situation is similar at the banks that promised to finance the transaction, said the people, who asked not to be identified because the details are … [Read more...] about As Musk tweets, advisers plug away to keep Twitter deal on track

- A + A (May 18): Asian sponsors of blank-check firms are facing a tough market for initial public offerings wherever they turn, as a combination of increasing regulatory scrutiny and fading investor demand shutters the window for new listings from the US to Asia. In the past three months, at least six Asia-related special purpose acquisition companies seeking a combined US$1.3 billion from US IPOs have been scrapped, according to data provider SPAC Research. Of 12 blank-check firms that have filed to go public in Hong Kong, only one has actually started trading. It’s a similar pattern in Singapore, where SPACs have stalled after three inaugural IPOs in January. “The global IPO market has obviously been very quiet so far this year,” Paul Uren, JPMorgan Chase and Co’s Asia Pacific head of investment banking, said in an interview with Bloomberg TV. “What we need to see for that to change is lower volatility and investors with more of a risk-on mentality.” Asia was … [Read more...] about Asia’s SPAC hopefuls have nowhere to turn as IPO market shuts