According to Vishal Sacheendran, Head of Regional Markets at...
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6.39 crore people in rural India trained in digital literacy: Centre
States like Bihar, Uttar Pradesh, and Maharashtra led with the...
1.6 crore customer records of HDFC Life being sold on Dark Web: CyberPeace
The leaked data reportedly contains sensitive customer information,...
Chinese regulators seek more control over internet firms’ algorithms
Under the draft regulations, companies must disclose the basic principles, purpose and operation mechanism of its algorithm recommendation services, and must include convenient options for users to turn off the recommendation service.
Algorithms should also not be used in ways that may cause addictive behaviors in users, or induce them to spend excessively. It was not immediately clear how that would be enforced.
Amazon app seeks share of India’s farm market, offers advice on crops
The Seattle-headquartered giant has begun offering real-time advice and information through a dedicated mobile app to help farmers make decisions on crops and even deploy machine learning technology. The program–which Amazon dubs Reactive and Proactive Crop plans–promises to provide growers with cutting-edge technology and insights.
US govt asks Tesla how Autopilot responds to emergency vehicles
The agency wants to know how Teslas detect a crash scene, including flashing lights, road flares, reflectorized vests worn by responders and vehicles parked on the road.
Construction industry accelerating innovation, risk management: KPMG
Risk management is central to improving organisational resilience. Nearly 60 per cent of survey respondents say they want to gain a more holistic view of risks by increasing integration and visibility between enterprise risk management, portfolio risk management and project risk management. And two-thirds plan a moderate or high level of investment in risk management.
Suneel Vora, Partner for major projects advisory at KPMG in India, said the pandemic has taught important lessons to businesses implementing capital programmes and construction projects around resilience, integrated approach to risk, portfolio management, leveraging diversity and putting technology to work. KPMG’s Global Construction Survey 2021 reflects on the views of over 186 global industry leaders to provide specific answers to these aspects.
Tesla closer to making its official debut in India
Tesla has had its vehicles certified as being roadworthy in India, a posting on the website of the nation’s ministry of road transport and highways showed.
“The tests ensure the vehicle matches the requirements of the Indian market in terms of emission and safety and road worthiness,” according to the site. A Tesla fan club earlier tweeted about the development, saying the cars were probably Model 3 and Model Y variants.
Govt examining public comments on draft Consumer Protection (e-commerce) Rules
Ban on fraudulent flash sales and mis-selling, and appointment of chief compliance officer/grievance redressal officer are among key amendments proposed to the Consumer Protection (e-commerce) Rules, 2020, on which the government had sought public comments by July 6.
Semiconductor shortage hurting production, may impact Aug-Sep automobile wholesales: Report
Noting that chip shortages are hurting production and should impact August-September wholesales, Jefferies said, ”companies such as Maruti, Bajaj and Royal Enfield have seen an increased impact in the September quarter.” The recent pandemic-related lockdown in Malaysia might add to the constraints, it added.
Semiconductors are silicon chips that cater to control and memory functions in products ranging from automobiles, computers and cell phones to various other electronic items.
Facebook, Xiaomi want a slice of India’s $1 trillion digital loan market
Amazon.com also made its maiden investment in the country’s wealth management sector this month, participating in a $40 million round by fintech startup Smallcase Technologies Pvt.Alphabet Inc.’s Google is also upping its game. After offering wealth management products such as digital gold, mutual funds on its popular Google Pay platform, it’s now tied up with small Indian lenders for opening time deposits for its customers.
India’s digital payments market is drawing the attention of some of techs biggest names after online transactions surged during the pandemic and traditional lenders turned cautious following a rise in bad debt. Digital lending is expected to treble to $350 billion by 2023 and reach a total of $1 trillion in the five years since 2019, according to estimates from the Boston Consulting Group.
Japan tests first autonomous cargo ship
The Nippon Foundation estimates that taking into account factors like artificial intelligence, which should improve efficiencies, the development of unmanned ships will have a positive impact of about 1 trillion yen ($9 billion) for Japan’s economy in 2040.
There are other foreseeable benefits too, such as lower insurance premiums and improved safety,Satoru Kuwahara, a general manager at Nippon Yusen subsidiary Japan Marine Science Inc, said.
Studies on shipping industry safety show that around 70% of maritime accidents are caused by human error. “With the issue of Japan’s shrinking workforce in mind, there’s growing need for these technologies to uphold safety,” he said.
ELEMENT and Parametrix launch innovative cloud outage insurance in Europe
Parametrix developed this unique insurance solution based on its proprietary monitoring technology that analyses the global performance and availability of cloud service providers’ down to the millisecond level. The highly advanced parametric system ensures an accurate and precise overview of risk accumulation and concentration across different IT-services and regions. Also, the monitoring system detects insured events in real time and triggers compensation with waiting periods as short as only one hour. This new insurance solution in the field of cyber and tech-related insurance is an innovative answer for companies to financial losses due to cloud outages.