Miscellany

Miscellany

Animation industry confident of creating globally acclaimed IP

Evolving through outsourcing and co-production, the animation industry is confident enough of creating globally appealing intellectual property (IP). Launch of several kids’ channels and over-the-top (OTT) platforms has increased demand for content and helped animation companies grow faster in the past two to three years.

INDIAN TECHIES CHASING AMERICAN DREAM NEVER HAD IT THIS BAD

The American dreams of Indian tech workers seem to be fading away with both their employers and the Trump Administration sending out “travel advisory” kind of messages on a regular basis.

A new policy memo issued by the US government gives blanket permission to USCIS (US Citizenship and Immigration Services) to use discretion and deny H-1B visa applications outright without offering any explanation, even without asking for a RFE (request for evidence) or without even issuing a NOID (notice of intent to deny).

Travel to become costlier next year

Travel is set to become quite expensive next year as the rise in oil prices and growth in global economy are set to increase both airfares and hotel tariffs across key markets, including India. Hotel tariffs are expected to rise by an average 3.7 per cent and flight rates by 2.6 per cent, according to the fifth annual Global Travel Forecast, published on Tuesday by GBTA and CWT with the support of the Carlson Family Foundation.

“Prices are expected to spike in many global markets even as inflation remains subdued,” said Kurt Ekert, President and CEO, Carlson Wagonlit Travel.

Tech can play key role in tax compliance, collection: Premji

The Wipro chairman Azim Premji on Tuesday stressed the use of technology to make voluntary tax submission easy. “Technology can play a key role in significantly increasing the ease of voluntary tax compliance and collection,” said Premji.

Apple’s iPhones trail Samsung, Google devices in internet speeds

If you paid top dollar for the iPhone X and Apple Inc’s other flagship smartphones expecting the fastest mobile internet speeds around, you won’t like these results.

Apple’s iPhone 8, iPhone 8 Plus and $1,000 iPhone X trail the latest smartphones from Samsung Electronics Co and Alphabet Inc’s Google in download speeds, according to data from Ookla LLC, a company that provides the most popular online service for measuring the speed of an internet connection with its Speedtest app and website.

Google offered to tweak Android contracts to placate EU

European Union competition commissioner Margrethe Vestager coolly hit Google with a 4.3 billion euro ($5 billion) fine last week, the biggest penalty in the history of antitrust enforcement. It didn’t have to be that way.

A year earlier, when the company -- already reeling from a 2.4 billion euro fine in another EU case -– made quiet attempts to settle the probe into deals it has with Android phone makers, the response was equally chilly.

Investments in disruptive tech yielding results: Premji

Wipro chairman Azim Premji on Thursday said the company is witnessing its early investments in ‘disruptive’ technologies in­c­reasingly result in successful outcomes.

“We at Wipro are seeing our early investments in disruptive technologies increasingly result in succ­e­ssful outcomes with clie­nts and markets, wh­ich are early adopters of such new age technologies,” Premji said.

Google hit with record $5b EU antitrust fine

EU antitrust regulators hit Google with a record ¤4.34 billion ($5 billion) fine on Wednesday for using  its Android mobile operating system to squeeze out rivals.

The penalty is nearly double the previous record of ¤2.4 billion, which the US tech company was ordered to pay last year over its online shopping search service. It represents just over two weeks of revenue for Google parent Alphabet Inc and would scarcely dent its cash reserves of $102.9 billion. But it could add to a brewing trade war between Brussels and Washington.

ONGC gets board nod to exit Pawan Hans, to sell 49% stake

The ONGC board has approved exiting helicopter service provi-der Pawan Hans by selling its entire 49 per cent stake as it looks to cut debt and consolidate resources in core oil and gas business, sources said.

Oil and Natural Gas Corporation (ONGC) wants its interest to be clubbed with the 51 per cent government stake that is already on offer for sale, they said.

Logistics firm founded by 13-year-old boy targets Rs 100 cr revenue by 2020

Like any other teenager, 13-year-old Tilak Mehta attends a suburban school studying in Class VIII, and rues about his father coming home from work late and tired.

But the similarities stop there. Tilak is a budding entrepreneur who has founded a logistics startup, sold the idea to a banker and convinced him to quit the job and join him as the chief executive, and, also roped in the famed Dabbawalas of the city to help him with the last mile distribution.

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