Miscellany

Miscellany

Hiring sentiment to rise in next few months: Study

The job market is expected look up in the next few months, says staffing firm TeamLease Services based on its recent survey among 695 small, medium and large companies across 16 sectors in 8 cities.

The report forecasts an increase of 4 per cent in the net employment outlook to 95 per cent, (April– September 2018) as compared to 91 per cent for the preceding half-year, October-March 2017-18. The increase in GDP and optimistic economic growth is being attributed to the positive hiring outlook.

AI, stringent rules will stop rogues on social media, says Gopalakrishnan

Abuse of social media can be dealt with the introduction of technologies like Artificial Intelligence (AI) and a specific legal framework, said Kris Gopalakrishnan, co-founder of Infosys.

Speaking on the sidelines of a CII meet here on Tuesday he said, “It is very unfortunate that some are misusing or underestimating the power of social media. Some tend to exploit the ‘anonymous’ nature of the social media and show courage to express whatever comes to their mind without realising the impact of their conversations on the society.”

Gold Board, Bullion Exchange proposed

The Gold Policy draft prepared by Niti Aayog recommends formation of Gold Board of India, Bullion Exchanges, Gold Domestic Council and introduction of new financial products based on gold.

A Gold Board, in lines of ‘Tea Board’ or the

‘Coffee Board’ will initially be an advisory body under the Ministry of Finance and subsequently be made a statutory body. It will be a single window one-stop interface – assigned the responsibility to formulate policies. However, gold as a foreign exchange asset would continue to be professionally managed by RBI.

Global CXOs increasingly conscious of cyber security threats: Gartner

Business leaders are becoming increasingly conscious of the impact cyber security can have on business outcomes. Gartner, Inc sa-id that security leaders sh-ould harness this increas-ed support and take advantage of the emerging tren-ds, to improve their organisation’s resilience while elevating their own standing.

Senior business executives are finally becoming aware that cyber security has a significant impact on the ability to achieve business goals and protect corporate reputation.

Ericsson sets up first 5G lab in India at IIT Delhi

Global telecom network and technology major Ericsson on Tuesday set up a Center of Excellence and Innovation Lab for 5G in India at the IIT, Delhi to develop ecosystems for India.

The CoE was established to fast-track 5G deployments in the country by bringing together telecom ecosystems, academia, industry and start-ups, the company said.

Ericsson showcased the first live 5G demonstration of beam forming and beam tracking technologies in the country. It was ingurated by minister of state for communications Manoj Sinha along with Börje Ekholm, president and CEO, Ericsson.

Big Oil, utilities are lining up for an electric vehicle war

A red-hot electric vehicle market has triggered a face-off between Big Oil and utilities.

Oil majors, who’ve sold fossil fuels to cars for a century, are now moving into an electricity sector that’s preparing for exponential growth. The problem is that utilities, the primary power suppliers for a century, have the same idea.

New satellite launch to help fast-track digital India

The launch of a new mega satellite providing coverage over Asia will help fast-track Digital India and financial inclusion initiatives, according to a leading satellite industry expert.

Deepak Mathur, executive vice-president, Global Sales at SES Video, said the successful launch of SES-12 recently would help support India's growing direct-to-home (DTH) TV market, as more and more consumers in rural India embrace the medium.

PE firms invest $8.2 billion in June quarter

Private Equity firms invested a record $8.2 billion across 158 deals during the quarter ended June 2018. The value of investment was 60 per cent higher compared to the $5.1 billion received in the same period last year, according to data from Venture Intelligence. The value was also 112 per cent higher than that in the immediate previous quarter.

India’s quest to find a trillion-dollar nuclear fuel on the Moon

India’s space programme wants to go where no nation has gone before – to the south side of the moon. And once it gets there, it will study the potential for mining a source of waste-free nuclear energy that could be worth trillions of dollars.

The nation’s equivalent of NASA will launch a rover in October to explore virgin territory on the lunar surface and analyse crust samples for signs of water and helium-3. That isotope is limited on Earth yet so abundant on the moon that it theoretically could meet global energy demands for 250 years if harnessed.

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