To counter Walmart, Amazon goes where no retailer has gone

Abdul Gafur Khatri lives on the fringe of gr­e­at salt ma­rshes in far western Ind­ia. He doesn’t own a smartp­hone. He’s never surfed the web. Still, the 53-year-old th­i­nks the internet may be his last ho­pe of reviving a fa­ding art ca­lled Rogan th­at’s been pa­ssed down thro­u­gh 8 generations of his family. “If I can sell online, dem­a­nd will go up,” says the artisan, one of the last living cu­stodians of a sk­ill that uses gummy, co­lou­red pastes to paint intricate motifs on cloth.

House panel to quiz RBI governor on frauds today

Urjit Patel, Reserve Bank of India (RBI) go­v­ernor, will inform the parliamentary standing committee on finance on Thursday about the steps taken by the central bank as regulator and supervisor of the banking sector to check increasing number of frauds and rising non-performing assets (NPAs) in the sector.

During the appearance before the House panel, the governor is expected to respond to queries from members of Parliament on recent bank frauds, including the Nirav Modi case, and mounting NPAs, sou­rces said.

Infy sets up blockchain trade network in India with seven banks

Infosys has set up India Trade Connect, a bloc­kc­ha­in-based trade network in India, in partnership with seven lenders, including Axis Bank, ICICI Bank, Indus­Ind Bank and RBL Bank. The other partner banks include Kotak Mahindra Ba­nk, South Indian Bank and Yes Bank.

“The network is being us­ed by the banks to run a successful pilot of Finacle Trade Connect, a blockchain technology based solution developed specifically to address the trade finance process requirements of banks,” Infosys said in a statement.

Justice Chelameswar not to sit with CJI Misra on Friday

Justice J Chelameswar, who refused a farewell on his last working day on Friday, hosted by the Supreme Court Bar Association, has decided not to sit with the Chief Justice of India Dipak Misra on that day in First court hall.

According to the ‘causelist’ for Friday Justice Chelameswar will sit with Justice Sanjay Kishan Kaul in court hall 2. Though Justice Chela-meswar will formally retire on June 22, as the last working day for him falls during summer vacation, his last sitting in the court is May 18.

Your FB posts can put you in a spot

Think twice before you forward a Facebook post or a WhatsApp message that may hurt religious sentiments or is offensive to a community. It may land you in trouble.

Hearing the bail plea of actor-turned-politician S.Ve. Shekher for sharing a Facebook post containing derogatory remarks about women journalists, the Madras High Court has observed that such message forwarded on social media amounted to accepting and endorsing it.

Should it, shouldn’t it, Google debates selling AI to military

Last July, 13 US military comm­a­nders and te­chnology execu­tives met at the Pentagon’s Silicon Valley outpost, 2 mi­les from Google headquarters. It was the second meeting of an advisory board set up in 2016 to counsel the military on ways to apply te­c­hnology to the battlefield. Milo Medin, a Google V-P, tu­r­ned the conversation to us­­ing artificial intelligence in war games. Eric Schmidt, Google’s former boss, propo­sed using that tactic to map out strategies for standoffs wi­th China over next 20 years.

Cyber security a gold mine for jobs: IBM

Global technology major IBM has said there is a massive shortage of cyber security professionals in the country, urging young graduates to look this segment, which is a high-margin segment for companies, as a lucrative career option.

The company, which looks at India both as a market as well as a talent pool to serve the global markets on cyber security, said a whopping 3 million cyber security professionals are required in the country but the supply is not even 1 lakh now, Kartik Shahahni, integrated security leader for IBM India and South Asia, told PTI here.

What Walmart will do next

The sun never sets on Walmart Inc.’s empire, thanks to its network of stores across five continents. But in the span of 10 days, chief executive Doug McMillon has begun dramatically redrawing the retailer’s map, and there’s likely more to come as it places bets to remain on top.

“All of a sudden, everything is in play,” said Dave Marcotte, an analyst at Kantar Retail.

Indian millennials have no trust in politics, politicians

The young India, with half of its population in the age group of below 25, may be at the threshold of becoming the third largest economy in the world. Millennials across the country, however, after watching the recent high-decibel election campaigns, are barely impressed. They believe the political environment is hardly conducive to meet the aspirations of a youthful nation.

As election fever grips Bangalore, the country’s tech city, FC spoke to a handful of millennials to get a hang of their political pulse.

Bullies don’t make best managers

After Nike ou-sted a handful of male executives for behaviour issues over the past few months, some media reports tied the departures to the #MeToo movement and its revelations of sexual harassment and assault. Interviews with more than a dozen former Nike employees, including senior executives, however, paint a picture of a workplace contaminated by a different behaviour: corporate bullying.