The U.K.'s biggest online grocer hit a milestone this year: Ocado Group Plc put together an order of 50 items, including produce, meat and dairy, in five minutes. Fulfilling a similar order at one of the company’s older facilities takes an average of about two hours. The secret: a fleet of 1,000 robots that scurry about a warehouse snatching up products and delivering them to human packers.
US business schools are beefing up training in the software that underlies digital currency bitcoin, a technology expected to be a game changer in many industries. The move makes sense as more students seek careers in financial technology, or "fintech," which has captivated leading Wall Street banks and been called "the most important technology since the internet."
Most educational institutions in India are rich with papers and patents but are unable to support innovators and product ecosystem with deep technologies unlike their peers in Israel or in the US.
With some of the diamond trading hubs and mining countries building up capacities to process rough diamonds, India is under the threat of losing out its monopoly in the processing business. Indians are known for their diamond processing skills and in many of these countries Indians are training the native manpower. For decades India has been maintaining its monopoly in cutting and polishing small diamonds. The country also grabbed a good portion of the large diamond processing business from other nations like Israel and the US after the 2008 global meltdown.
India is the world’s third largest start-up ecosystem after the UK and Israel but in terms of vibrancy in the landscape the country stands number one, said NASSCOM here on Thursday.
The passenger vehicle industry, one of the most important economic growth indicators in India, slowed down in October after hitting a double-digit growth of 11.32 per cent in September.
While sales grew at fast pace at Maruti Suzuki, India’s biggest car maker by sales, Tata Motors and Toyota Kirloskar Motor, they fell at Hyundai Motor India, country’s second largest car maker by sales, Mahindra, Honda Cars and Ford. Other car makers shied away from disclosing sales numbers today.
Opposition parties today condemned as "deplorable and atrocious" the Centre’s decision to rope in the Army to rebuild foot overbridges at three railway stations in Mumbai including one which witnessed a deadly stampede last month.
Billionaire Elon Musk has released a photograph of a tunnel he’s building under a Los Angeles suburb to test a novel transportation concept for a system that would move people underground in their personal cars rather than by subway trains.
The founder of SpaceX and Tesla tweeted during the weekend that the tunnel was 500 feet so far and should be 2 miles long in three or four months.
Global financial magazine Barron’s put up Raghuram Rajan as its pick to head US’s powerful central bank. “Why exactly the list of potential candidates to replace Janet Yellen as the head of Federal Reserve does not have the name of former governor of Reserve Bank of India, Raghuram Rajan,” asked Randall W Forsyth, digital editor-in-chief of Barron’s.
The world’s 250 biggest listed companies account for a third of all man-made greenhouse gas emissions yet few have strong goals to limit rising temperatures, a study showed on Tuesday. Coal India (CIL), Gazprom and Exxon Mobil topped the list when measuring carbon dioxide emitted by companies and by consumers using their products, it said.