Business & Economics

Biz News: Centre On Air India Bidding, Infosys Carbon Neutral, PUBG To Stop In India

BP World Bureau | Oct 30 2020 01:21:53 PM
Image credits: BP creatives

Centre Revises Air India Bidding Parameters

The Civil Aviation Minister Hardeep Singh Puri announced that Air India bidding would be done based on its enterprise value instead of equity value and the deadline for submitting the bids has also been extended to December 14.

The extension was done to the COVID-19 pandemic and lockdown.

Equity value measures the value of a company's shares whereas the enterprise value of a company includes the equity value, debt as well as cash.

Infosys Says Its Carbon Neutral, 30 Years Ahead Of Paris Agreement Timeline

Infosys’ work campuses are some of the most energy-efficient in the world and reduced its per capita electricity consumption by over 55%, which is also 30 years ahead of the time set by the Paris Agreement.

Infosys is now carbon neutral in compliance with PAS 2060 standards, per Environmental, Social and Governance (ESG) Vision for 2030 published by the global digital services and consulting firm.

Infosys reiterated their commitment to climate change, technology for good, diversity and inclusion, energising local communities, ethics and transparency, data privacy and information management.

Shapoorji Pallonji Group To Part Ways From Tata Group

Shapoorji Pallonji Group sought a formal separation from Tata Group in the Supreme Court. 

Since 2016 when Cyrus Mistry, scion of the family that controls the SP Group, was sacked as chairman of Tata Sons, the two companies were embroiled in a legal battle. 

SP Group, which is the largest minority shareholder in Tata Group, believes it is necessary to separate interests from Tata Group, auto-to-steel conglomerate.

SP Group has an 18.37% stake in Tata Sons, holding company Tata group. 

PUBG Mobile To Stop Access For Users In India

Post-September order, PUBG Mobile will terminate access for users in India on October 30th onwards. 

The Indian government banned the highly popular battle royale game along with its lightweight version PUBG Mobile Lite, and other 116 apps.

Read: India Bans 118 Chinese Mobile Apps Including PUBG 

PUBG Mobile announced that Tencent Games, the existing publishing and distribution partner, would terminate all service and access for Indian users to both PUBG Mobile Nordic Map: Livik and PUBG Mobile Lite for the safety of mobile data users. 

In their Facebook post, PUBG Mobile assured their compliance with applicable data protection laws and regulations in India.