Miscellany

Miscellany

New committee to look after stressed thermal power projects

With a view to resolve the stress in the power sector and revive such assets, the government has decided to set up a high level empowered committee, It will be headed by cabinet secretary with representatives from ministries of railways, finance, power, coal and the lenders having major exposure to the power sector.

French luxury giants dive into Silicon Valley

Steve Jobs may have been a tech genius, but he clearly didn't care much for fashion.

Facebook boss Mark Zuckerberg has followed in his footsteps, sporting a plain grey T-shirt every day for years — only to swap it for a simple black suit to testify before Congress and the European Parliament.

But Silicon Valley, whose billionaires have long stuck to basic, functional apparel, may finally be starting to get a taste for something more extravagant.

Indian liquor brands plan cork stopping for high-end spirit

The Indian liquor industry, mostly the premium segment, is marching towards maturity and style by adopting global practices in packaging, including a slow but steady readiness for cork stopping solutions.

Globally, most of the high-end liquor labels come with best quality corks, made of Cork Oaks grown in Portugal. India has dozens of quality liquor brands, but poor quality packaging, bottling and the use of plastic, guala caps and screw caps make them unappealing to the global consumers.

Facebook takes historic plunge as scandals finally take a toll

Facebook Inc plunged as much as 20 per cent on Thursday after months of scandal and criticism finally hit the company where it hurts: growth.

The social-media goliath’s financial performance had previously seemed immune to fierce critiques of its content policies, its failure to safeguard private data, and its changing rules for advertisers. But on Wednesday Facebook reported sales and user growth numbers for the second quarter that fell short of analysts’ projections, leaving investors reeling.

Animation industry confident of creating globally acclaimed IP

Evolving through outsourcing and co-production, the animation industry is confident enough of creating globally appealing intellectual property (IP). Launch of several kids’ channels and over-the-top (OTT) platforms has increased demand for content and helped animation companies grow faster in the past two to three years.

INDIAN TECHIES CHASING AMERICAN DREAM NEVER HAD IT THIS BAD

The American dreams of Indian tech workers seem to be fading away with both their employers and the Trump Administration sending out “travel advisory” kind of messages on a regular basis.

A new policy memo issued by the US government gives blanket permission to USCIS (US Citizenship and Immigration Services) to use discretion and deny H-1B visa applications outright without offering any explanation, even without asking for a RFE (request for evidence) or without even issuing a NOID (notice of intent to deny).

Travel to become costlier next year

Travel is set to become quite expensive next year as the rise in oil prices and growth in global economy are set to increase both airfares and hotel tariffs across key markets, including India. Hotel tariffs are expected to rise by an average 3.7 per cent and flight rates by 2.6 per cent, according to the fifth annual Global Travel Forecast, published on Tuesday by GBTA and CWT with the support of the Carlson Family Foundation.

“Prices are expected to spike in many global markets even as inflation remains subdued,” said Kurt Ekert, President and CEO, Carlson Wagonlit Travel.

Tech can play key role in tax compliance, collection: Premji

The Wipro chairman Azim Premji on Tuesday stressed the use of technology to make voluntary tax submission easy. “Technology can play a key role in significantly increasing the ease of voluntary tax compliance and collection,” said Premji.

Apple’s iPhones trail Samsung, Google devices in internet speeds

If you paid top dollar for the iPhone X and Apple Inc’s other flagship smartphones expecting the fastest mobile internet speeds around, you won’t like these results.

Apple’s iPhone 8, iPhone 8 Plus and $1,000 iPhone X trail the latest smartphones from Samsung Electronics Co and Alphabet Inc’s Google in download speeds, according to data from Ookla LLC, a company that provides the most popular online service for measuring the speed of an internet connection with its Speedtest app and website.

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