Miscellany

Miscellany

IIM-C to groom Amway professionals

Amway India, wholly owned subsidiary of the Michigan (US)-headquartered $9.5 billion leading direct selling company with presence in over 100 countries & territories, has now teamed up with Indian Institute of Management Calcutta (IIM-C) to groom direct selling professionals. The two will now design, develop and run a special course on entrepreneurship and leadership for its identified high potential direct sellers.

Gallantry medals for surgical strike heroes

Major Mohit Suri, Indian army’s para commando, who was part of the surgical strikes across Pakistan Occupied Kashmir (PoK) last September, has been awarded with the second-highest peacetime bravery medal Kirti Chakra.

Unsung heroes are flavour of Padma awards this year

Recognising the talent of unknown and unsung heroes of the country, this year’s Padma awards on Wednesday named nonogenarian Bhakti Yadav, popularly known as “Doctor Dadi” from Indore, and captain of Indian cricket team of blind Shekhar Naik for Padma Shri.
Dipa Karmakar, who finished fourth in artistic gymnastics at Rio Olympics last year, and gold medallist at Rio Paralympics Mariyappan Thangavelu also figured in the list of Padma Shri awardees.

India pips UAE, gets 2nd slot in Logistics Index

Growing economy and willingness to adopt long-delayed reforms improved India’s ranking in 2017 Agility Emerging Markets Logistics Index to the second slot.
India moved ahead of United Arab Emirates in 2017 from third spot in 2016. In 2016 too, India had improved its position from fifth to third. China continued to top the rankings. The survey of more than 800 logistics executives offers an annual snapshot of industry sentiment to go with the index rankings of the world’s 50 leading emerging markets by size, business conditions, infrastructure and transport connections.

Toast, potato chips may up cancer risk

Potatoes and bread cooked at high temperatures for a long time could increase the risk of cancer in people who eat them regularly, British government scientists said on Monday.
The UK Food Standards Agency (FSA) said a substance called acrylamide, produced when starchy foods are roasted, fried or grilled for too long at high temperatures, has been found in animal studies to increase the risk of cancer.

Rise of robots to deepen tech gender gap

Whether it was IBM boss Ginni Rometty, dashing onto the podium to anchor a panel on artificial intelligence, or a defiant Christine Lagarde, holding forth on the need to fight back against populism, high-powered women were everywhere at this year’s World Economic Forum in Davos. Women reached a record share of attendees who scored prestigious white badges at the event.

Demonetisation’s impact positive

Even though economic slowdown has impacted industrial growth in various sectors, the low per capita energy consumption in India is set to provide enormous opportunities to companies focused on the sector. This is what is driving Schneider Electric India, the domestic operation of French multi-national Corporation that produces installation components for energy management and specialises in electricity distribution and automation management.

Virtual reality’s boy wonder draws fire at Facebook ‘tech theft’ trial

The young entrepreneur credited as the brains behind Facebook Inc’s virtual reality headset was accused in court of betraying a company that had worked with him to display the technology at a trade show.
Oculus VR founder Palmer Luckey, whose startup was bought by the social media giant for about $2 billion in 2014 when he was 21, did not dispute that he used software developed by ZeniMax Media Inc to show the prototype for his headset to investors in a California hotel room two years earlier.

AI threatens workplace revolution

If your job involves inputting reams of data for a company, you might want to think about retraining in a more specialised field. Or as a plumber.
After industrial robots and international trade put paid to many manufacturing jobs in the West, millions of white-collar workers could now be under threat from new technology such as artificial intelligence (AI).
The issue of how best to face up to this “Fourth Industrial Revolution” has been exercising politicians and business leaders this week at the World Economic Forum in the Swiss Alpine town of Davos.

8 men own half of world’s wealth

Eight men own the same wealth as half the world’s population, a level of inequality, which “threatens to pull our societies apart”, Oxfam said on Monday ahead of the World Economic Forum opening in Davos.
The wealth of the world’s poorest 3.6 billion people is the equivalent to the combined net worth of six American businessmen, one from Spain and another from Mexico. Picked from Forbes’ billionaires list, they include Microsoft founder Bill Gates, Mark Zuckerberg who co-founded Facebook, and Jeff Bezos, founder of Amazon.

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