Electric trucks facing long road to unseat diesel engines

The next battleground for replacing fossil fuel-guzzling vehicles will be US interstate highways, where long-haul trucks keep the economy moving.

Electric trucks are coming, and they’ll be cleaner and cheaper to operate than conventional models that burn diesel, according to Tesla Inc, which already has prototypes on the road. Diesel advocates say range and recharging will be bigger hurdles for massive 18-wheelers than they’ve been for cars, and it will be several years before battery-powered models are ready for the open road.

CAD may widen, but target to be met: Official

India’s current account deficit (CAD) may widen to 2.5 per cent of the GDP in 2018-19 due to higher oil prices, a situation, which has been accentuated by rupee depreciation.

However, a top finance ministry official on Tuesday said that the government will meet the fiscal deficit target for the current fiscal despite ‘some slippages’ in the CAD.

The comfortable forex reserve built up over the last three years will help the government deal with the volatility in oil prices in the international market, the official said.

Gen Z is set to outnumber millennials within a year

Millennials are about to be surpassed by Generation Z. Gen Zers will comprise 32 per cent of the global population of 7.7 billion in 2019, nudging ahead of millennials, who will account for a 31.5 per cent share, based on Bloomberg analysis of United Nations data, and using 2000-2001 as the generational split.

Indian IT firms abuse rules, don’t blame Trump

Some of the Indian IT companies and their immigration departments have to be blamed if the US president Donald Trump had gone overboard recently on H-IB visa restrictions and regulations around immigration, said KV Kumar, an American Indian businessman who has served many presidents, from Ronald Reagan to Donald Trump, in multiple capacities.

UrbanClap to add 10L active service professionals in 4 yrs

UrbanClap will have 10 lakh active service professionals on board in the next three to four years. While doing so, it will not just get those from the unorganised sector to join it, but train a lot many fresh hands as well. UrbanClap currently has one lakh registered professionals. But those who are active on the platform are 30,000. These professionals come under two broad categories- personal service and home service.

Milap looks to bridge gap between healthcare cost and affordability

Milaap, India’s leading crowd funding platform for personal and social causes and especially for medical crowd-funding, is betting big on the expanding gap between India’s private healthcare spending and out-of-pocket healthcare expenses, which include savings, borrowings and support from friends and family.

Manchester eyes Indian tech startups

Manchester, often billed as the football capital of the UK, has many other things to offer to India and its soccer capital – Kolkata in particular.

FIMI appoints Sunil Duggal as president

The Federation of Indian Mineral Industries (FIMI) – an all-India apex body to promote the interests of mining (including coal), exploration, mineral processing, metal making and other mineral-based industries – has appointed Sunil Duggal, the CEO of Hindustan Zinc, as its new president. 

5 out of 10 best paid US jobs in healthcare

For the fourth consecutive year, the technology sector boasted the highest-paying jobs in the US, according to an annual report from Glassdoor.

Thirteen of the 25 highest-paying jobs this year were in tech, up from 11 in 2017, according to the report, which was released on Wednesday. Within the industry, enterprise architects, software development managers, software engineering managers and software architects received the highest pay, with the lowest average base salary well over $100,000.

Aster DM to invest Rs 950 cr on hospital projects

Aster DM Healthcare will be investing Rs 950 crore before the end of next fiscal on setting up new hospitals in India and Gulf region. The healthcare chain with operations in India and Gulf region will be adding new hospitals, clinics and pharmacies in the current as well as next fiscal. In India, this year it will commission a Greenfield project – 200-bed multi-specialty hospital in Kerala’s Kannur district and a 220-bed hospital in Bangalore, which is under operation and management contract. Next year, it will enter the Chennai market with a 500-bed tertiary care hospital.