Miscellany

Miscellany

HCL Tech and Oil India announce share buybacks

HCL Technologies, India's fourth-biggest software services exporter, will buy back shares worth up to Rs 3,500 crore ($535.5 million), it said on Monday, following a similar move by Tata Consulta­ncy Services last month. HCL Tech's board approved a repurchase of up to 35 million shares at Rs 1,000 each, the company sa­id in a stock exchange filing.

Robotics, AI affecting jobs; employees need to adapt, reskill

Rise in adoption of new digital technologies will have a significant impact on the job market and employees need to adapt to changing technologies and develop fresh skills to make themselves relevant, say experts.
While some technologies like artificial intelligence and robotics will create job opportunities, it will affect some traditional and repetitive jobs.

Poor pay rises leave economists puzzled

Unemployment is falling almost everywhere. Wages aren’t rising much anywhere. From York, UK to Montreal, and Osaka to Seattle, it’s a pretty good time to be looking for a job as a member of the labor force in many developed countries.

FB bars developers from using data for surveillance

Facebook Inc barred software developers on Monday from using the massive social network's data to create surveillance tools, closing off a process that had been exploited by US police departments to track protesters.
Facebook, its Instagram unit and rival Twitter Inc came under fire last year from privacy advocates after the American Civil Liberties Union (ACLU) said in a report that police were using location data and other user information to spy on protesters in places such as Ferguson, Missouri.

Alibaba.com to help boost online exports

Trading platform Alibaba.com on Tuesday hosted a workshop for Indian resellers of gold, jewellery and handicraft products here to help improve their business and expand their presence in the global markets.
Alibaba.com is the global wholesale trading platform of Alibaba Group.
Over 350 resellers from these sectors came together to explore trade opportunities through e-commerce and mobile technology, it said in a statement.

Tata, Wipro in world’s most ethical companies list

Two Indian companies, Tata Steel and Wipro, have been named in the list of world's most ethical companies by American think tank Ethisphere Institute.
Ethisphere honours those companies who recognise their role in society to influence and drive positive change in the business community and societies around the world. In 2017, there were 124 honorees spanning five continents, 19 countries and 52 industry sectors.

H-1B visas could be source of tension in Indo-US relations, says Biswal

"Demonising" the H-1B work visa issue could be a "source of tension" in Indo-US ties, a former top diplomat under the Obama Administration has said, calling for a "rational discourse" on the topic that could affect the lives of thousands of Indians.
"The issue of H1B and the rhetoric that has been flying around all of that, I think is going to be a source of tension," former US assistant secretary of state for South and Central Asia Nisha Desai Biswal (in pic) told PTI.

It’s employees who drive biz profitability

Nearly 1.5 million engineers graduate every year and firms roughly reject 52.21 per cent of them because they are not soft skill trainable. There is immediate need to map the courses and curriculum to make students industry-ready. Kestone, a leading integrated marketing services firm, is
effectively reaching out to the youth through its association with CL Educate and is trying to bridge this gap, says Niharika Jalan, head (training), Kestone IMS, in an interview with Ritwik Mukherjee. Excerpts:


Jana offers free internet through mCent Browser

Jana, the Boston-based mobile advertising company and the largest provider of free data in emerging markets, on Thursday launched its mCent Browser, which will enable android smartphone users in India to have free access to online content. Driven by mCent Browser’s ad-sponsored model, the company will initially offer customers up to 10 MB data per day or 70 MB free data per week.

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