Miscellany

Miscellany

AI phone to text, mail people following voice commands

Essential Products Inc., the consumer electronics startup run by Android creator Andy Rubin, is putting most projects aside to focus on development of a new kind of phone that will try to mimic the user and automatically respond to messages on their behalf, according to people familiar with the plans.

The company paused development of a planned home speaker, months after canceling a different smartphone that had been in the works, said the people, who asked not to be identified because the details are private.

163 ultra rich Delhiites have wealth of Rs 6,78,400 crore

As many as 163 Delhiites featured in the Barclays Hurun India Rich List 2018 and their cumulative wealth stood at a whopping Rs 6,78,400 crore, a report said on Tuesday. The Barclays Hurun India Rich List, which is a compilation of the richest individuals in India having a net worth of Rs 1,000 crore or more, noted that in terms of cities, Mumbai emerged as the hub of the rich — with 233 names hailing from the city; while Delhi and Bengaluru accounted for 163 and 69 names, respectively. The Delhi list was topped by HCL’s Shiv Nadar with a total net worth of Rs 37,400 crore.

US keen to invest in India’s infra development, says OPIC

The US government's development finance institution OPIC is keen to invest in the development of India's infrastructure, port and solar energy sectors, a top US official said Tuesday.

Overseas Private Investment Corporation (OPIC) Executive Vice-President David Bohigian, who is visiting India, further said that India is a clearly the anchor of US government's Indo-Pacific strategy.

OPIC is a self-sustaining US government agency that helps American businesses invest in emerging markets.

After higher inflation, real salary increase to be lesser in 2019

Compared to 2016 and 2017, we have not seen any major disruptions so far in 2018. But global advisory firm Willis Towers Watson still has a cautious outlook towards salary increase for 2019. It projects 10 per cent rise in gross salaries for next year, in line with the hikes in the past three years. But more importantly, the real salary increase minus inflation is just 4.6 per cent, much lesser than those in the past three years. 

India’s personal wealth to touch $5T by 2022: BCG

The country’s personal wealth is expected to grow at a CAGR of 13 per cent to $5 trillion by 2022, according a report by the Boston Consulting Group (BCG).

Its personal wealth was estimated to be $3 trillion in 2017. India is also expected to become the 11th wealthiest nation globally by 2022 in terms of total personal wealth, improving its rank by four places from 2017, the report said.

Alphabet shuts Google+ after user data exposed

Alphabet Inc’s Google said on Monday up to 500,000 Google+ user accounts were potentially affected by a bug that may have exposed their data to external developers, and the company is shutting down the social network for consumers. Google opted not to disclose the issue partly due to fears of regulatory scrutiny, the Wall Street Journal reported earlier, citing unnamed sources and internal documents.

‘Offsets’ set off political fireworks

What is Offset?

*Offset in defence procurement is exploiting the buying power (import) of a country to get world leading companies to invest in the importing country in terms of FDI, transfer of technology and most important by generating industrial capability to produce eligible products and services

*Most countries in the world, especially the developing countries, use offset route to gain economic benefits when buying defence equipment from foreign suppliers

Most old breast cancer patients don’t suffer decline after chemo

Most older women who get chemotherapy for breast cancer do not experience problems with cognition in the first two years after diagnosis and treatment, a new study finds. But researchers did find one small subset of women who suffered some declines in attention, mental processing speed and decision making, according to the results published in the Journal of Clinical Oncology.

Trio wins chemistry Nobel for work on antibody drugs and detergents

Two Americans and a Briton won the 2018 Nobel Prize for Chemistry on  Wednesday for harnessing the power of evolution to produce novel proteins used in everything from environmentally friendly detergents and biofuels to cancer drugs.

The fruits of this work include the world’s top-selling prescription medicine — the antibody injection Humira sold by AbbVie for treating rheumatoid arthritis and other autoimmune diseases.

Pages