In an indication of easing financial stress among borrowers, the number of unsuccessful auto-debit requests through the National Automated Clearing House (NACH) platform declined in July, reversing a three-month trend that started with the second wave of the Covid-19 pandemic. According to the NACH data, of the 86.4-million transactions initiated in July, 33.23 per cent, or 28.7 million transactions, failed, while 57.7 million were successful. Compared to June, this is a significant improvement in bounce rates.
Infosys said on Monday it would buy Panaya Inc, a New Jersey-based provider of automation technology, for an enterprise value of $200 million
'Desire is a strange thing.' 'It wells up uninvited and goes missing when most needed.'
Qualities that relate to emotional intelligence such as empathy and curiosity will be a big consideration factor for hiring managers of the future, says Sanjay Bahl.
SBI to introduce OTP-based ATM transactions and the new feature will not require any major change in the present process to withdraw cash.
Ambrish Sinha, CEO, MeritTrac Services, identifies 6 future-ready skills that a post-COVID-19 workplace will require.
The Consumer Electronics Show, which took place in Las Vegas last week, had exciting new products on display.
The future of cryptocurrencies in India appears uncertain but that has not deterred young Indians from embracing the so-called 'fourth industrial revolution' world, where interconnectivity and smart automation, much of it relying on blockchain technology, drive human civilisation. Reserve Bank of India (RBI) Governor Shaktikanta Das has repeatedly warned of macroeconomic instability and even "serious consequences" if cryptocurrencies turn mainstream. The country's monetary authority wants a China-like total ban on crypto, not even allowing these currencies to be treated as investments. Though Parliament's website had listed the Cryptocurrency and Regulation of Official Digital Currency Bill as one seeking a total ban of cryptocurrencies in the country, it was not presented in the Winter Session. India now has the highest number of cryptocurrency investors in the world.
C Vijayakumar, the reticent chief executive of HCL Technologies, India's third-largest IT services firm, was recently appointed managing director, succeeding the founder, Shiv Nadar. Back in October 2016, when CVK, as he is popularly called within and outside of HCL, was named CEO, it had been somewhat of a surprise - his elevation being the result of his predecessor, Anant Gupta, suddenly stepping down to "pursue personal interests". CVK, 53, has since taken the firm from under $7 billion to over $10 billion in revenue.
Taking a dig at China, Defence Minister Rajnath Singh on Sunday said 'some irresponsible nations' with their narrow partisan interests and hegemonic tendencies are coming up with wrong definitions of the UN Convention on the Law of the Sea.
The resurgence of COVID-19 has dented but not debilitated economic activities in the first half of Q1 of the current fiscal even though caseload of infections is much higher than before, according to an RBI article. The ferocity of the second COVID-19 wave has overwhelmed India and the world, the article said, adding that war efforts have been mounted to stop the surge in its tracks. "The impact of the second wave on the real economy seems to be limited so far in comparison with the first wave. Evidently, the localised nature of lockdowns, better adaptation of people to work from home protocols, online delivery models, e-commerce and digital payments are at work," the article on the state of economy authored by RBI Deputy Governor M D Patra and other officials said.
According to reports, an anonymous group that calls itself "ethical employees" have written to the Infosys Board as well as American regulator US Securities and Exchange Commission with the allegations. They have claimed that they have emails and voice recordings to substantiate the same.
The kind of jobs that will last in future are creative, people-led and social. These are the jobs that automation can't take away.
Wistron, which earlier pegged the losses at Rs 437 crore, later notified the Taiwan stock exchange that the total losses were around Rs 50 crore.
A quaint Indian idea called face value is putting high-performing companies out of the reach of retail investors, observes Debashis Basu.
Intelligent tools are being deployed to detect content pirated from OTT platforms.
In an address to the air warriors on the occasion of the 89th Air Force Day, the Chief of Air Staff also said that the IAF must demonstrate to the nation that external forces will not be allowed to violate its territory.
Live commerce, quick commerce, group buying, WhatsApp commerce, dukaantech have made their mark.
The publishing of compliance reports by Google, Facebook and Instagram is bound to turn up the heat on Twitter, which has been engaged in a tussle with the Indian government over the new social media rules.
Announced at the second-quarter review of monetary policy, the move would make transactions at automated teller machines and point of sale terminals (PoS or merchant terminals) more secure.
While Yatra is building a digital services platform to offer skill development training and sourcing solutions to corporate, Thomas Cook has partnered ICMR-accredited labs to offer Covid-19 certification, and MakeMyTrip is offering chartered flight services.
Building front-end and stitching it with back-end is a task that IT firms are learning the hard way, finds Raghu Krishnan.
Growing protectionism in their main markets - the US and the UK - has forced them to hire local workers, upending the cost arbitrage model they had built their business on.
Finance Minister Nirmala Sitharaman presented her third Budget on February 1.
China is all set to send on Thursday the first three crew members to its under-construction space station which is expected to be Beijing's eye in the sky and will rival the ageing International Space Station (ISS).
In 2015, Infosys, under the leadership of then CEO Vishal Sikka, had bought Israeli automation technology firm Panaya for around $ 200 million and e-commerce service provider Skava for $1 20 million. The buyouts were mired in controversy owing to allegation of over-payment apart from not being an ideal fit.
It doesn't make sense to view the womb through the prism of religion, community and tradition, warns Shyam G Menon.
The vehicle scrapping policy will offer about 5 per cent rebate to those buying new cars if they junk their old vehicles, Union Minister Nitin Gadkari said in Rajya Sabha on Thursday terming it a "win-win" situation. The voluntary vehicle scrapping policy announced in the Union Budget for 2021-22 provides for fitness test after 20 years for personal vehicles while commercial vehicles would require it after the completion of 15 years. "The 'Voluntary Vehicle-Fleet Modernisation Programme' or 'Vehicle Scrapping Policy' will offer a rebate of about 5 per cent to buyers on new car purchases in lieu of scrapping of the old.
Though most of the voice-activated solutions are based in English, work is on to create solutions in Indian languages.
Maharashtra govt, California-based Zipline to launch the automated delivery service funded by Serum Institute.
The route to that target is clear in Sikka's mind.
Infy board gets law firm to probe 'lapses', appoints Cyril Amarchand Mangaldas to engage with founders.
The Delhi Metro Rail Corporation (DMRC) authorities on Sunday reiterated that stations located in containment zones, as per the status on the day of journey, will remain closed.
Computers need to be trained to recognise images, says Devangshu Datta.
Professionals with sharp technical skills and knowledge of emerging markets will continue to be in demand, says Nikhil Barshikar, founder and CEO of Imarticus Learning, a tech learning and training company.
'There is no doubt at all that Jio's disruption of the mobile broadband market was a turning point for India's digital economy.'
He said the force, which guards over 6,300 km of India's land border with Pakistan in the west and Bangladesh on the east, is faced by four main challenges on the security front.
Ossian Agro Automation Private Limited, a Pune-based manufacturer of rural wireless automation systems, is in dialogue with Nokia to offer 'Nano Ganesh', a product which allows farmers to use mobile phones to remotely monitor and switch on or off their irrigation pumps, bundled with the Finnish company's handsets.
'We are not in the race of how much is the revenue, but how good is the revenue.'
These directions on enhancing security of card transactions will come into effect from March 16, 2020, as per the RBI notification.
