Miscellany

Miscellany

SMEXASEAN launches platform for India

The MSME sector in India is set to get a boost with the launch of SMEXIndia, a division of SMEXASEAN, an online marketplace owned and operated by SRAM MRAM Group, a UK-based international conglomerate with footprints across 5 continents and 12 countries.

I-T dept inspects Jet books, shares tumble 3.67%

The income-tax department on Wednesday began inspection of the books of crisis-hit Jet Airways for alleged falsification of accounts and suspicious transactions, sources said. Shares of the airline fell 3.67 per cent to close at Rs 244.25 on the BSE after the action.

AI will make jobs interesting, society smarter, life easy

Artificial Intelligence (AI) — the capability of a machine to imitate intelligent human behaviour or creation of intelligent machines to perform human abilities like speech recognition, visual perception, decision-making, translation between languages and many more things — is going to make our society smarter, jobs more interesting and life more convenient, said a recent Salesforce research.

Bangalore is top tech location in Asia: Colliers

Bangalore is the number one location for technology firms looking to establish and expand business operations in Asia, as per a study released by global real estate services and investment management company Colliers International on Wednesday.

Online used car market to get electric push

Online car market is set to grow 20 times to $20 billion by 2022 with a major push coming from the used car segment. A major shift from fossil fuel driven cars to electric vehicles will act as a catalyst for the jump in the growth of used car market. Indian online automobile market currently has a size of $1 billion, of which the sales of used and new cars put together account for $950 million and the remaining accounts for auto services. Used car transaction make up for more than 85 per cent of the sales.

Hindu Rashtra doesn’t mean it has no place for Muslims: Mohan Bhagwat

RSS chief Mohan Bhagwat on Tuesday said a ‘Hindu Rashtra’ does not mean it has no place for Muslims as this concept is inclusive of all faiths and religions. “The Sangh works towards universal brotherhood and the cardinal principle of this brotherhood is unity in diversity. This thought comes from our culture, which the world calls Hindutva. That’s why we call it a Hindu Rashtra,” he said.

Fewer women hired in 2018, thanks to Maternity Act

The Maternity Act was introduced to make workplace mo-re inclusive for women. But, it has in fact negatively impacted hiring of female candidates. Hiring of women in the private sector has dipped by 2.5 per cent in 2018 and men are promoted three per cent more in the mid and senior management levels, despite the fact that their attrition rates are lower than men in all levels, finds a study.  

Automation, AI making work more human, says London study

Technology has greatly bypassed time, distances and processes and allowed things to happen in real-time and instantaneously!

Nobody has the patience to wait for anything today as technology is capable of offering instant gratification or real-time access to services, products, things, data and contacts. And what was acceptable few years ago, in terms of delay and wait, is not more acceptable today.

Fewer women hired in 2018, thanks to Maternity Act

The Maternity Act was introduced to make workplace mo-re inclusive for women. But, it has in fact negatively impacted hiring of female candidates. Hiring of women in the private sector has dipped by 2.5 per cent in 2018 and men are promoted three per cent more in the mid and senior management levels, despite the fact that their attrition rates are lower than men in all levels, finds a study.  

Bank employees oppose merger

The All-India Bank Employees’ Association opposed the decision to merge banks. CH Venkatachalam, general secretary of the Association said: “There is no evidence that merger would strengthen banks or make them more efficient. We have seen five associate banks merging with SBI. No miracle has happened. On the other hand, it has resulted in closure of branches, increase in bad loans, reduction of staff and business.”

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