Miscellany

Miscellany

Saudi Arabia’s $90b reason to allow women to drive

Allowing Saudi women to drive could help the kingdom reap as much income as selling shares in Saudi Aramco. The move, which went into effect on Sunday, could add as much as $90 billion to economic output by 2030, with the benefits extending beyond that date, according to Bloomberg Economics. Selling as much as 5 per cent stake in Saudi Arabian Oil Co. -- at the most optimistic valuation -- could generate about $100 billion.

Everybody is united at Infosys: Nilekani

Infosys in the last six months has invested in understanding the best way for its brand to evolve and credibly assist its clients in their digital transformation, company chairman Nandan Nilekani said during the 37th Annual General Meeting (AGM) of the company.

Addressing shareholders on Saturday, Nilekani said, “Infosys would follow a path of nimble learning----seen among start-ups---and all its employees will be equipped with all the knowledge and intellectual assets required to guide and shape its clients’ pursuits for digital future.”

‘L’Oreal ads misleading’

The Advertising Standards Council of India found the claims made by some of the personal care products in their advertisements objectionable.

ASCI’s Consumer Complaints Council (CCC) upheld complaints against advertisements of L’Oreal India’s New Garnier Light Serum Complete Cream endorsed by actor Alia Bhatt. The advertisement’s claim, “With new Garnier Light Complete …de three tones lighter skin sirf ek week mein”, was not substantiated and was misleading by exaggeration, CCC found.

Core Energy signs security equipment deal with Russian firm

With an aim to market and promote technical security equipments (TSE) in India, the Rosatom State Atomic Energy Corporation of Russia’s (RSAECR) arm NIKIRET has signed an agreement with CORE Energy Systems. CORE Energy will buy TSE from RSAECR’s, better known for its perimeter detector and other security equipments, production outfit and promote it in Indian market as an integrated security systems and solutions.

Bosch to invest over 1,700 cr in India by 2020

Global technology and services major the Bosch Group will invest 220 Million Euros (over 1,736 crore) in India in next three years to expand its operations.

 “To meet the rising demand for tailored solutions in the Indian market and also to increase India’s contribution to Bosch’s global network, we will invest 220 million euros over the next three years,” group CEO Dr Volkmar Denner announced Wedn-esday.

A major portion of this fund will go into expanding Bosch’s smart campus in Adugodi, Bangalore and also towards modernising its manufacturing facilities.

India clocks fastest growth in HNI population and wealth

India was globally the fastest-growing market in terms of high net-worth individual (HNI) population and wealth in 2017. By growing HNI population by 20.4 per cent and HNI wealth by 21.6 per cent, India also inched up to the 11th position in the list of countries with HNI population.

Firms must resist bigotry, say experts

Secular India’s political narratives are increasingly becoming divisive with some politicians and political parties openly encouraging and endorsing bigotry, said HR, diversity and marketing experts here on

Tuesday.

However, the trade should be responsible and sensitive enough to resist elements of bigotry and communal talks and focus on creating an inclusive culture at workplaces, they said in the backdrop of recent Airtel fiasco.

IndiQube raises Rs100 cr

Bangalore based IndiQube, a smart workspace solutions provider has raised Rs 100 crore.

Praising the success, co-founder and chairman of firm Rishi Das said, “IndiQube embarked on this fabulous journey in 2015 with amazing like-minded people who believed in us. We are now very excited to have WestBridge Cros-sover Fund, one of the leading PE investors in India, partner with us to help build out this vision for work spaces of the future.’’

Indian consumers less aware of online frauds

Indian consumers are digitally driven but are less aware about online frauds when compared to their counterparts in APAC countries like Singapore and Hong Kong, says a recent Experian’s Digital Consumer Insights report.

The risk for online fraud is escalating as both brands and consumers are looking for easier ways to buy and sell products online, observes the study,

Supermassive blackhole spotted destroying star

For the first time, astronomers have directly imaged the formation and expansion of a fast-moving jet of material ejected when a supermassive black hole ripped apart a star that wandered too close to the cosmic monster.

The scientists tracked the event with radio and infrared telescopes, including the National Science Foundation's Very Long Baseline Array (VLBA), in a pair of colliding galaxies called Arp 299, nearly 150 million light-years from Earth.

Pages