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Here is a masonry blog layout with no sidebarCiti India CEO lost RBI confidence
The RBI around the end of last year informed Citigroup that it wouldn’t approve a new term for Pramit Jhaveri, who had been India chief executive officer (CEO) for almost a decade, people with knowledge of the matter said. That prompted the bank, which had planned to nominate Jhaveri for another three-year term, to change course and move him to another position, the people said, asking not to be named.
Arun Jaitley resumes charge of FinMin today
Ex Coca-Cola engineer stole secrets worth $120 million for Chinese firm: US
Study questions safety claims about Tesla autopilot’s steering feature
The study, released Friday by Quality Control Systems Corp., a data analysis company in Maryland, examined the National Highway Traffic Safety Administration’s 2017 conclusion that there was a 40 percent reduction in the rate of crashes by Tesla vehicles that resulted in the deployment of air bags after they were equipped with Autosteer, a part of the automaker’s suite of automated driver-assist systems it markets as Autopilot.
Shortage of skilled IT workforce looms over India: Nasscom
The demand-supply gap for skills affected the industry’s performance in 2018, due to shortage of 140,000 skilled techies for 500,000 jobs in the industry across verticals. “Going forward, the industry will face a shortage of 230,000 skilled techies as jobs in AI and Big Data are estimated to be 780,000 by 2021.”
Govt plans over $12 billion in power plant, EV incentives to cut pollution
Airbus to scrap production of A380 superjumbo
Johnson & Johnson supplier seeks bankruptcy over talc lawsuits
AIG swings to loss, hit by catastrophes and volatile market
The company’s general insurance unit reported an underwriting loss of $1.1 billion, compared with a loss of $846 million a year ago, largely due to Hurricane Michael and the California wildfires.Still, AIG said its general insurance accident year combined ratio – which excludes changes from losses incurred in past years – was 98.8 for the quarter, compared with 100.2 a year ago.
RBI think tank wants independent body to verify official economic data
The budget provided a consumer stimulus, such as the $10.6 billion-plan to pay cash to farmers, and was based on the assumption revenue will grow 14 per cent year-on-year. But history shows India, whose aggregate fiscal deficit including its states is close to 6.5 per cent of GDP, has missed income targets in each of the past five fiscal years.
Self-driving cars ‘learn’ to predict pedestrian movement
Google, Amazon expanding smart home device data gathering
The commercial success of voice assistants has bolstered dozens of companies working to build interest in internet-enabled televisions, kitchen appliances and other devices. Many people first start tinkering with connected appliances after buying a smart speaker. Surveys show about a quarter of U.S. smart speaker owners regularly use them to control something else, a percentage analysts expect to rise.
Reddy family mulls exiting Apollo Munich Health Insurance, to sell its 41% stakes for Rs 1200 cr
Reddy family is seeking to sell its entire holding of 41 percent in Apollo Munich Health Insurance Co., for about 12 billion rupees ($170 million) in six months, the people said asking not to be identified as the discussions are private. The proceeds will be used to repay part of the debt raised by pledging Apollo Hospital’s equity as collateral, the people said.
US Bill would require secondary cockpit door on all existing airplanes
No one’s safe: Bezos nude selfie leak triggers alarm for all billionaires
“The perception among very affluent people is often ‘I have this level of wealth, I’m untouchable,’’ said Mark Johnson, chief executive officer of Sovereign Intelligence, a McLean, Virginia-based risk analytics firm. “But the systems they have in place for protecting their personal identifiable information are very weak.”
Ultra-wealthy individuals are particularly susceptible because so much of their data are often centralized through family offices, which typically lack the robust firewalls and encryption capabilities of banks and large corporations.