Science & Tech News: Innovations

India plays key role in Nigeria turning exporter of petroleum products: Report

IANS | May 5, 2026 1:56 PM

New Delhi, May 5 (IANS) While the closure of the Strait of Hormuz amid the US-Israel war on Iran has disrupted supply chains of fuel-importing countries, it has also opened up new opportunities for countries like Nigeria to step up exports of petroleum product from its coastal refinery that has been built with Indian and Chinese assistance, according to a new report.

West Bengal offers big investment opportunity for industry: Blue Star CMD

IANS | May 5, 2026 1:38 PM

Mumbai, May 5 (IANS) West Bengal holds significant untapped potential for industrial investment and the time is ripe for change, Vir S Advani, Chairman of the Confederation of Indian Industry (CII) Western Region and CMD of Blue Star Limited said on Tuesday.

Biocon founder Kiran Mazumdar-Shaw names niece Claire as successor: Report

IANS | May 5, 2026 11:26 AM

New Delhi, May 5 (IANS) Biocon founder Kiran Mazumdar-Shaw has named her niece Claire Mazumdar as her successor, outlining a formal succession plan for the biopharmaceutical company, a report said on Tuesday.

Elon Musk to pay $1.5 million to settle SEC case on Twitter stake

IANS | May 5, 2026 10:50 AM

New Delhi, May 5 (IANS) Billionaire entrepreneur Elon Musk has agreed to pay $1.5 million to settle a case with the US Securities and Exchange Commission (SEC) over delayed disclosure of his stake in Twitter (now known as X), according to multiple reports.

Need to expand insurance coverage to wider segment of population: M Nagaraju

IANS | May 5, 2026 9:37 AM

New Delhi, May 5 (IANS) The policies of the companies should be oriented towards increasing overall insurance penetration and density, while ensuring retention of market share, said M. Nagaraju, Secretary, Department of Financial Services (DFS).

Indian auto retail industry clocks 13 pc growth in best-ever April, opens FY27 on strong note

IANS | May 5, 2026 9:20 AM

New Delhi, May 5 (IANS) The Indian auto retail industry opened FY27 on an exceptionally strong note, retailing a record 26,11,317 units in April — a 12.94 per cent growth, the Federation of Automobile Dealers Associations (FADA) data showed on Tuesday.