Indian IT industry vows work-life balance

The Indian IT industry is determined to support mothers to return to their careers by helping create a work-life balance for women, says Nasscom, the IT industry body.

Bezos’ rocket company Blue Origin signs Eutelsat as first customer

Blue Origin, a rocket company owned by Amazon.com Inc chief executive officer Jeff Bezos, has signed France’s Eutelsat Communications SA as its first customer for satellite launch services, he said on Tuesday. Blue Origin is developing a reusable orbital rocket called New Glenn that is expected to debut before the end of the decade.
“We couldn’t hope for a better first partner,” Bezos said during a keynote address at the Satellite 2017 conference in Washington. The target date for the first launch is around 2021, Eutelsat CEO Rodolphe Belmer said.

Xenture to raise $2m from global VCs

Xenture Technologies, the Mumbai-headquartered tech startup, known for its ‘smart recruiting app’ Trabaajo, is looking at raising $2 million from an international VC fund for its second stage of growth.
The company, co-founded by Arun Kumar and Sunaina Agarwal, which operates in three verticals, technology, media and consulting, will utilise these funds for further technology development, fresh recruitment, marketing and geographical expansion, said Agarwal, co-foun der & executive director, Xenture Technologies.

Robots will ask questions when confused

Scientists have developed an algorithm that enables robots to ask intelligent questions when they are confused to help them get better at fetching objects - an important task for future robot assistants.

Women earn 25% less pay than men

Women earn 25 per cent less salary than men in India, while a majority of the female workforce feels their male counterparts get more promotion opportunities.

$26b hedge fund lures the beautiful minds

On the warmest February day on record in Cambridge, about 60 students at the Massachusetts Institute of Technology opt to stay inside a dimly lit lobby, crunching data and churning out pages of analysis, rather than enjoy the sunny, summer-like Friday afternoon.

Social media can be a window for insurer to know you better

The information one gives out through social media on travel, food and lifestyle can become useful source of information for your insurer to know more about you before underwriting a policy. Big data, analytics and telematics too are now increasingly used to assess the risk.

Suspension of expedited H-1B visa scheme to affect IT firms: Nasscom

Industry body Nasscom on Sunday said that US’ decision to temporarily suspend the expedited premium processing of H-1B visas will lead to process delays for Indian IT firms too. However, Nasscom feels that the move will not be a “significant impediment” for the over $110 billion outsourcing industry.
The US has announced that from April 3, it would temporarily suspend the 'premium processing' of H-1B visas that allowed some companies to jump the queue, as part of overall efforts to clear the backlog.

Reliance stake revamp to help cut Ambani’s tax liability

Billionaire Mukesh Ambani’s plan to revamp his stake in Reliance Industries is aimed at reducing the potential tax bill for the founding family following changes in Indian levies, according to people with knowledge of the matter.

Desk jobs may be bad for your heart, waist

Workers with desk-bound jobs, who spend too much time sitting down, have a bigger waistline and increased risk of heart disease, a new study has warned. The study suggests that waist circumference increases by two centimetres and risk of cardiovascular diseases by 0.2 per cent, for every additional hour of sitting on top of five hours, researchers said.