While there may be an enforcement concern, it is pertinent to...
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World’s super-rich club now has 15 members with fortunes over $100 billion
The combined net worth for these people is up 13 per cent this year...
Despite geo political challenges Indian exports to grow in FY25: Crisil Report
India's exports in April recorded positive growth in the face of...
Intel buys Moovit transit app for $900 mn to develop self-driving robotaxis
Intel forecasts robotaxis will be a $160 billion market by 2030.
The decision to buy now, when much of the world economy is at a standstill due to the coronavirus outbreak, stems from Mobileye’s ability to more accurately predict when its technology will be ready, Mobileye CEO Amnon Shashua said. And the target is 2022.
Trump administration pushing to rip global supply chains from China: officials
“We’ve been working on [reducing the reliance of our supply chains in China] over the last few years but we are now turbo-charging that initiative,” Keith Krach, undersecretary for Economic Growth, Energy and the Environment at the U.S. State Department told Reuters.
The pandemic has highlighted China’s key role in the supply chain for generic drugs here that account for the majority of prescriptions in the United States. It has also shown China’s dominance in goods like here the thermal cameras needed to test workers for fevers, and its importance in food supplies.
Quarterly global InsurTech fundraising trend slashed by over 50%, COVID-19 a likely culprit:Willis Towers Watson
InsurTechs raised a total of US$912 million during the first three months of 2020.Deal count, at 96, was up 28% over Q4 2019, 10% more than the first quarter of that year. It is the highest number of investment rounds by transactional volume ever recorded by the Quarterly InsurTech Briefing.Overall total funding was down by 54 percent, however, reflecting in part far fewer ‘mega-deals’ (US$100 million-plus deals) taking place in the year so far.
Online car sales may gain traction post COVID-19, auto retail needs to become virtual: EY
The Indian customer’s views and behaviour towards an online car purchase platform is only going to evolve. Indian OEMs and car aggregators can take a cue from global players and gradually develop their capabilities to support this transformation. Globally, OEMs like BMW, Peugeot, Hyundai and Volvo have successfully deployed almost contactless online sales, it added.
AXA XL launches Remote Risk Dialogue, a virtual risk assessment
Speaking about the new service, Corinne Vitrac, Chief Executive of AXA XL Risk Consulting, said: “With restrictions on delivering surveys and carrying out client visits globally, we’ve had to think of new ways of supporting our clients to manage their risks.”
Most Indian professionals believe right connections key to career growth: Report
This vast difference between awareness and action suggests that while young professionals in India aspire for stronger networks, they lack necessary direction and guidance to build these networks, it added.
BSE puts in place penalty structure for non-submission of cyber security report
Non-submission of the report after three months will attract disablement of trading terminals across segments after giving two weeks’ notice, the exchange said.
BSE, further, said “disablement notice issued to the member would be shared with all the exchanges for information” and member will be enabled only after submission of the report.
Govt extends easier ‘work from home’ connectivity norms for IT, BPO firms Jul 31
Industry body Nasscom said the decision to extend the timelines on relaxed norms for other service providers (OSPs) to facilitate ‘work from home’ will help IT and BPO firms plan their strategy of bringing back workforce to offices, in a gradual and phased manner.
Aarogya Setu app crosses 75 million downloads
Minister of State for Electronics and IT Sanjay Dhotre has asked the services of common service centres for providing telemedicine services, especially in remote parts, during this moment of crisis, as it will bring a much-needed relief to people who are finding difficulty in accessing medical services during this lockdown.
Robots are playing many roles in the coronavirus crisis – and offering lessons for future disasters
Research laboratories and startups are creating new robots, including one designed to allow health care workers to remotely take blood samples and perform mouth swabs. These prototypes are unlikely to make a difference now. However, the robots under development could make a difference in future disasters if momentum for robotics research continues.