The Indian currency Rupee against the US dollar rose to highest since November 2015 on increasing outflows from Indian stocks and bonds. The Chinese markets were witnessing selloff and this also resulted in further withdrawal by foreign investors in Indian markets. The net outflow from Indian markets in January so far was at $686.2 million putting more pressure on currency reserves.

U.S. Department of Transportation will be allocating $4 billion for the next 10 years in self-driving car technology. Government will boost the effort in developing autonomous vehicle to increase safety innovation.

The Chinese Police has confirmed that Lee Bo, the missing Hong Kong publisher has been held by Guangdong Provincial Public security department. Lee and four others, connected with a publishing house and bookstore, has remained disappeared for couple of days. The publishing house’s books are banned in mainland China allegedly for criticizing the communist party leaders.

Audi and Mercedes Benz, world famous German automakers have joined to express their interest for hydrogen fuel powered cell cars. Remaining one step ahead of Mercedes, Audi has already introduced its H-tron Quattro at the North American International Auto show, held at Detroit. Industry insiders assume, Mercedes, the lavish German carmaker will introduce its first hydrogen fuel cell car at the 2017 Frankfurt Auto Show.

Indian Prime Minister Narendra Modi reveals the details of his much talked-about project, Startup India. Some key highlights are revised IP registration policies, faster exit and entry, income tax exemptions, and benefits for a woman entrepreneur. Modi hopes with this plan in action, India will soon become the hub for global startups.

Indian Prime Minister Narendra Modi recently revealed his ambitious project, Startup India. The Rs10,000-crore plan is meant to encourage a thriving startup culture by reducing government regulations and hurdles from the way. This government aid should prevent the young entrepreneurs from fleeing to another country with better bureaucratic policies.

India-based Tata Steel is reducing manpower by 1,050 in the UK operations. Tata Steel is among other steel producers suffering from falling steel prices and cheaper imports from China. The UK steel industry is urging European Commission to take necessary action against unfair trade imports.

China, as part of a wider drive into progressive industries to boost its GDP growth, plans to combine over 40 entities to work on the giant $22 billion plane-engine project. Under the plan, the government of China along with companies like Aviation Industry Corp. would invest 35 billion yuan.

Amazon is currently working on its Prime Air drones, which will revolutionize the concept of online shopping completely. These drones have an in-built sense-and-avoid technology that allows them to reach their destinations unharmed, and deliver online orders within an unbelievable 30 minutes.

The child labor reported is taking place in the Democratic Republic of the Congo in cobalt mines. The estimation says that about 40,000 children are working for the mines. Companies listed in the report gave various responses following the accusations.