Business

  • AI creates new possibilities for personalisation this year
    New Delhi, September 21 (IANS): Artificial Intelligence (AI) and cross-industry collaborations are creating new avenues for data collection and offering personalised services to users this year, according to a report.   Among other technology trends that are picking up this year are the convergence of the smart home and healthcare, autonomous vehicles coming for last-mile delivery and data becoming a hot-button geopolitical issue, according to the report titled "14 Trends Sh
  • AI creates new possibilities for personalisation this year
    New Delhi, September 21 (IANS): Artificial Intelligence (AI) and cross-industry collaborations are creating new avenues for data collection and offering personalised services to users this year, according to a report.   Among other technology trends that are picking up this year are the convergence of the smart home and healthcare, autonomous vehicles coming for last-mile delivery and data becoming a hot-button geopolitical issue, according to the report titled "14 Trends Sh
  • Corp tax cut credit positive, but raises fiscal risks: Moody's
    Mumbai, September 21 (IANS): Corporate tax reduction is credit positive for companies but increases the government's fiscal risks, global rating agency Moody's said on Saturday.   On September 20, Finance minister Nirmala Sitharaman announced a reduction in the base corporate tax rate to 22% from 30% as part of stimulus measures to revive the slowing economic growth.   Moody's current India rating is India (Baa2 stable).   The move is credit positive fo
  • Facebook picks 6 projects from India for AI ethics research
    The Facebook logo is displayed on the company's website in Bordeaux, France, February 1, 2017. REUTERS/Regis Duvignau/File Photo   New Delhi, September 21 (IANS): To encourage research on Artificial Intelligence (AI) ethics, Facebook has selected six projects from India that will focus on three key areas - governance, cultural diversity and operationalising ethics.   The winners, declared on Friday, included the top two submissions in each category.   F
  • Historic trade session ends with Sensex gaining 1,921 pts
    Mumbai, September 20 (IANS) Sensex closed Friday's session with an unprecedented 5.32 per cent advance as Finance Minister Nirmala Sitharaman announced yet another big ticket announcement to kickstart the economy. Indian benchmark indices logged the biggest-ever gains in over 10 years as the government slashed the effective corporate tax rate to about 25 per cent from 30 per cent. Sensex advanced by a massive 1921.15 points to 38,014.62 and the broader Nifty jumped to 11,275.45 a
  • Not selling WhatsApp or Instagram: Mark Zuckerberg
    Washington, September 20 (IANS): Facebook CEO Mark Zuckerberg has rejected a US lawmaker’s call to break his company, saying he’s not going to sell WhatsApp or Instagram at any cost. Senator Josh Hawley (Missouri Republican) tweeted that he met Zuckerberg during his visit to Washington, DC on Thursday, and asked him to sell Instagram and WhatsApp. “Just finished meeting with @facebook CEO Mark Zuckerberg. Had a frank conversation. Challenged him to do two things to show
  • Rising onion prices bring tears to eyes
    New Delhi, September 20 (IANS): Rising onion prices are once again bringing tears to the eyes of the people. In the last one week, the price of this vegetable has increased by 40-50 per cent. In Delhi’s Azadpur Mandi, the wholesale price of onion on Thursday was between Rs 30-46. While in Maharashtra’s Nashik, onion was being sold at Rs 50-55. According to traders, the onion prices have gone up due to the fall in its stock which in turn has affected the supply to wholesal
  • Global growth to hit 11-year low: OECD
    Paris, September 20 (IANS): The Organisation for Economic Cooperation and Development (OECD) has predicted further slowdown in the global economy this year and in 2020, citing escalating trade tension and high policy uncertainty.   Updating its outlook on Thursday, the OECD, which groups 36 of the world’s leading economies, revised down its global growth forecast for 2019 and 2020 to 2.9 per cent and 3 per cent respectively -- “the weakest annual growth rates since the f
  • Capital boost: Govt provides relief on surcharge, share buyback
    New Delhi, September 20 (IANS): In a major relief for capital markets which went into a severe slump after the Union Budget, the Finance Minister on Friday announced a slew of measures, including relaxation on FPI surcharge and share buybacks. As per the Finance Minister’s announcement, the ‘super-rich’ tax will not apply on capital gains arising from the sale of any security, including derivatives in the hands of Foreign Portfolio Investors (FPI). “In order to stabil
  • Auto value chain data sold to pvt parties in breach of privacy 
    New Delhi, September 20 (IANS): With data privacy now becoming hot button, breaches too are common place. However, when the government itself decides to wilfully use data to generate revenue, then questions of propriety are raised for this is proprietary data with the right to it and ownership of it vested with the individual. With the government looking to monetise data, Transport Minister Nitin Gadkari had revealed in Parliament recently that the government is selling vehicle re
  • Not selling WhatsApp or Instagram at any cost: Mark Zuckerberg
    Facebook CEO Mark Zuckerberg . (Reuters/Leah Millis File Photo)   Washington, September 20 (IANS):  Facebook CEO Mark Zuckerberg has rejected a US lawmaker's call to break his company, saying he's not going to sell WhatsApp or Instagram at any cost. Senator Josh Hawley (Missouri Republican) tweeted that he met Zuckerberg during his visit to Washington, DC on Thursday, and asked him to sell Instagram and WhatsApp. "Just finished meeting with @facebook
  • FM reminds Biocon chief of govt’s fiscal steps on growth revival
    New Delhi, September 19 (IANS): Finance Minister Nirmala Sitharaman on Thursday strongly retorted a sarcastic comment from Biocon chief Kiran Mazumdar-Shaw on her presence on a cabinet decision (on e-cigarettes) that was not related to the Finance Ministry. To a suggestion by Shaw that Sitharaman should rather announce some fiscal measures to support growth, the Minister responded that she has been speaking about the economic measures taken by he government regularly. The onl
  • No rise in Ambani’s stake, subsidiaries’ shares merged with RSHL: RIL
    Mukesh Ambani, Chairman and Managing Director of Reliance Industries. (REUTERS File Photo)   New Delhi, September 19 (IANS): Denying reports of rise in Mukesh Ambani’s stake in Reliance Industries (RIL), a company spokesperson has said that under the ongoing restructuring of RIL’s subsidiaries, five subsidiaries holding 17.19 crore shares have merged with Reliance Services and Holdings Limited (RSHL), a company controlled by Petroleum Trust. Petroleum Trust is a pro
  • Nokia 7.2 with triple camera, PureDisplay launched in India
    New Delhi, September 19 (IANS): HMD Global has launched its new smartphone, the Nokia 7.2 in India on Thursday, the company’s first smartphone with a triple camera and PureDisplay. The device will be available at a starting price of Rs 18,599 for the 4GB/64GB variant. The top-end model with 6GB/64GB storage will be available for Rs 19,599. The device will be available for purchase on Nokia.com/phones, Flipkart and major retail outlets in India starting from September 23.
  • Google goes bullish on India, unveils multiple products
    New Delhi, September 19 (IANS): In its bid to make the Internet more accessible, inclusive and empowering for everyone in India, Google on Thursday announced a slew of products, including an artificial intelligence (AI) lab in Bengaluru, BSNL partnership, ‘Google Pay for Business’ app for merchants along with expanding Indian language support across Google Assistant, Discover, Lens and Bolo products. The fifth edition of the annual ‘Google for India’ event also saw the com
  • 4,749 students at SRM get placements
    SRM Institute of Science and Technology students during campus interview at Kattankulathur in Chennai.   Chennai, September 17 (MExN): A record of 4,749 graduating students of 2020 batch were given offers by four major IT companies at the conclusion of the ‘Day One’ process at the SRM Institute of Science and Technology, breaching last year’s 3,020 offers for 2019 pass outs. According to a press release, TCS (Ninja) has made 1,437 offers, Infosys 1,315, CTS 1,175
  • VIT granted ‘Institute of Eminence’ status
    VIT Chancellor, Dr. G. Viswanathan and others.       Tamil Nadu, September 17 (MExN): Buoyed by granting of Institute of Eminence (IoE) tag by the Union Government, Vellore Institute of Technology (VIT) on Tuesday announced its plans for the next five years like setting up of a technology park and finding a place in the top 500 in the world university ranking in the next 3 years time. VIT Chancellor, Dr. G. Viswanathan announced that the institute is planning to
  • Oil Cos. maintain check, petrol-diesel prices may not spike
    New Delhi, September 17 (IANS): Consumers in India are unlikely to be overburdened with high retail price of auto fuels - petrol and diesel - following a spike in international crude prices that rose 19 per cent on Monday. Global oil prices are on the boil again in the aftermath of the largest ever-disruption in crude production post drone attacks in Saudi Aramco's two of the largest oil processing facilities. The attacks at Abqaiq and Khurais plants have sucked out
  • Amazon, Flipkart festival sales violate FDI norms: CAIT
    New Delhi, September 17 (IANS): Reiterating its demand for ban on festival sales by Amazon and Flipkart, the Confederation of All India Traders (CAIT) on Tuesday said that the two e-commerce majors are flouting the norms for foreign direct investment (FDI) by carrying out festival sales. The traders' body urged the Commerce Minister to look into the violation of the FDI policy by these e-commerce companies and impose a ban on the declared festival sales. It also urged the g
  • India to become $10 trillion economy by 2030-32: Rajnath
    New Delhi, September 17 (IANS): Defence Minister Rajnath Singh said in New Delhi on Tuesday that the goal of the government is to make India a $10 trillion economy by the year 2030-32. Singh was speaking at the annual conclave of Delhi-based Society of Indian Defence Manufacturers (SIDM). "The current size of the Indian economy is around $2.7 trillion and our goal is to make it to $5 trillion by 2024 and subsequently to US$ 10 trillion by 2030-32," he said. Si