Pratt & Whitney opens 500-person India centre; Bharti Airtel trials 5G private network at Bosch

Pratt & Whitney, an aerospace company that is part of the multinational defence conglomerate Raytheon Technologies, announced the establishment of a state-of-the-art India Engineering Center (IEC) in Bengaluru, which is planned to open in January 2023. Bharti Airtel tested a private 5G network at German automotive company Bosch’s centre in Bengaluru. And the RBI wants cryptos banned, Finance Minister Nirmala Sitharaman reiterated in parliament yesterday. Notes: Reserve Bank of India, the country’s central bank, is of the view that cryptocurrencies should be banned, Finance Minister Nirmala Sitharaman told parliament yesterday in a statement, in reply to a question on virtual currencies. Given the concerns expressed by RBI on the destabilising effect of cryptocurrencies on the monetary and fiscal stability of a country, RBI has recommended framing legislation on this sector. The central bank is of the view that cryptocurrencies should be prohibited, the minister said. Cryptos are, by definition, borderless and require international collaboration to prevent regulatory arbitrage. Therefore, any legislation for regulation or banning can be effective only after significant international collaboration on evaluation of the risks and benefits and evolution of common taxonomy and standards, Sitharaman added. Tata Consultancy Services is in the process of establishing eight large new offices – including some in non-metro cities -- each having the capacity to house more than 10,000 employees, Economic Times reports, citing CFO Samir Seksaria. As part of the strategy, these new offices will be designed to facilitate easy collaboration, Seksaria told ET. Pratt & Whitney, an aerospace company that is part of the multinational defence conglomerate Raytheon Technologies, yesterday, announced the establishment of a state-of-the-art India Engineering Center (IEC) in Bengaluru, which is planned to open in January 2023. Pratt & Whitney’s aircraft engines are widely used in civilian and military aircraft. The company’s new India centre will focus on providing contract engineering services and is expected to employ 500 engineers and professionals when fully staffed, according to a press release. The centre is “a first-of-its-kind investment for our company in India,” Geoff Hunt, senior VP of engineering, said in the press release. America’s National Highway Traffic Safety Administration is opening one more special investigation into a Tesla vehicle crash, according to documents viewed by TechCrunch. This time it involves the crash of a 2021 Tesla Model Y that killed a motorcyclist in California earlier this month, TechCrunch reports. Bharti Airtel, last week, announced the successful trial of India’s first 5G Private Network at Bosch Automotive Electronics India’s facility in Bengaluru. Airtel’s on-premises 5G Captive Private Network was built over the trial 5G spectrum allocated by India’s Department of Telecom, the wireless services provider said in a press release. Theme music courtesy Free Music & Sounds: https://soundcloud.com/freemusicandsounds