Miscellany

Miscellany

Vodafone looks forward to successful integration with Idea: CEO

British Telecom major Vodafone on Tuesday indicated to have accepted the Department of Telecom’s conditional approval to its merger with Idea Cellular with a cash payment of Rs 3,926 crore on account of spectrum price differential between entry fee and market price, a move which may mean the company may not challenge the demands legally.

Customers and firms want AI for different reasons

While Artificial Intelligence is increasingly being deployed by companies to ease their interactions with customers, a clear di-sconnect between the two entities in terms of AI preferences has come to fore. Customers in India are lo-oking for human-like qualities to be incorporated into Artificial Intelligence, while companies are more concerned about cost and return on investment.

Automation takes root in India; robotics jobs on rise

Increased adoption of automation across industries has resulted into a significant jump in job seekers looking for robotics profiles over the last few years with Maharashtra having maximum openings in this sector, says a report.

According to data from global job site Indeed, there has been a rise of 186 per cent in the number of job seekers for robotics profiles between May 2015 and May 2018.

BMW posts record sales growth

BMW, India’s second biggest luxury car maker by sales, on Thursday set another record with best ever half-yearly sales and clocking a double digit growth in Asia’s third largest car market. 

Its sales jumped 13 per cent at 5,171 cars in India during January to June period, up from the same period last year. BMW competes against its compatriot archrival and market leader Mercedes-Benz, Audi, Jaguar Land Rover and Volvo, which sell together sell about 40,000 cars annually in the country.

BMW posts record sales growth

BMW, India’s second biggest luxury car maker by sales, on Thursday set another record with best ever half-yearly sales and clocking a double digit growth in Asia’s third largest car market. 

Its sales jumped 13 per cent at 5,171 cars in India during January to June period, up from the same period last year. BMW competes against its compatriot archrival and market leader Mercedes-Benz, Audi, Jaguar Land Rover and Volvo, which sell together sell about 40,000 cars annually in the country.

Hiring sentiment to rise in next few months: Study

The job market is expected look up in the next few months, says staffing firm TeamLease Services based on its recent survey among 695 small, medium and large companies across 16 sectors in 8 cities.

The report forecasts an increase of 4 per cent in the net employment outlook to 95 per cent, (April– September 2018) as compared to 91 per cent for the preceding half-year, October-March 2017-18. The increase in GDP and optimistic economic growth is being attributed to the positive hiring outlook.

AI, stringent rules will stop rogues on social media, says Gopalakrishnan

Abuse of social media can be dealt with the introduction of technologies like Artificial Intelligence (AI) and a specific legal framework, said Kris Gopalakrishnan, co-founder of Infosys.

Speaking on the sidelines of a CII meet here on Tuesday he said, “It is very unfortunate that some are misusing or underestimating the power of social media. Some tend to exploit the ‘anonymous’ nature of the social media and show courage to express whatever comes to their mind without realising the impact of their conversations on the society.”

Gold Board, Bullion Exchange proposed

The Gold Policy draft prepared by Niti Aayog recommends formation of Gold Board of India, Bullion Exchanges, Gold Domestic Council and introduction of new financial products based on gold.

A Gold Board, in lines of ‘Tea Board’ or the

‘Coffee Board’ will initially be an advisory body under the Ministry of Finance and subsequently be made a statutory body. It will be a single window one-stop interface – assigned the responsibility to formulate policies. However, gold as a foreign exchange asset would continue to be professionally managed by RBI.

Global CXOs increasingly conscious of cyber security threats: Gartner

Business leaders are becoming increasingly conscious of the impact cyber security can have on business outcomes. Gartner, Inc sa-id that security leaders sh-ould harness this increas-ed support and take advantage of the emerging tren-ds, to improve their organisation’s resilience while elevating their own standing.

Senior business executives are finally becoming aware that cyber security has a significant impact on the ability to achieve business goals and protect corporate reputation.

Ericsson sets up first 5G lab in India at IIT Delhi

Global telecom network and technology major Ericsson on Tuesday set up a Center of Excellence and Innovation Lab for 5G in India at the IIT, Delhi to develop ecosystems for India.

The CoE was established to fast-track 5G deployments in the country by bringing together telecom ecosystems, academia, industry and start-ups, the company said.

Ericsson showcased the first live 5G demonstration of beam forming and beam tracking technologies in the country. It was ingurated by minister of state for communications Manoj Sinha along with Börje Ekholm, president and CEO, Ericsson.

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