Miscellany

Miscellany

India now home to 2,19,000 millionaires, says report

India is home to the fourth largest population of millionaires in the Asia Pacific region with 2,19,000 ultra-rich individuals with a combined wealth of $877 billion, says a report. According to the 2017 Asia-Pacific Wealth Report (APWR) released on Tuesday by Capgemini, India stood at fourth position with its contribution of 4 per cent in terms of individual market share in HNWI population growth in APAC (Asia Pacific) region.

Pollution in Delhi reaches critical levels

A public health emergency was declared in New Delhi on Tuesday as a choking blanket of smog descended on the world's most polluted capital city.

The Indian Medical Association's declaration came as the US embassy website said levels of the fine pollutants known as PM2.5 that are most harmful to health reached 703 -- well over double the threshold of 300 that authorities class as hazardous.

"We have declared a state of public health emergency in Delhi since pollution is at an alarming level," the head of the Indian Medical Association (IMA) Krishan Kumar Aggarwal said.

How Many Robots Does it Take to Fill a Grocery Order?

The U.K.'s biggest online grocer hit a milestone this year: Ocado Group Plc put together an order of 50 items, including produce, meat and dairy, in five minutes. Fulfilling a similar order at one of the company’s older facilities takes an average of about two hours. The secret: a fleet of 1,000 robots that scurry about a warehouse snatching up products and delivering them to human packers.

US business schools to give intense software training

US business schools are beefing up training in the software that underlies digital currency bitcoin, a technology expected to be a game changer in many industries. The move makes sense as more students seek careers in financial technology, or "fintech," which has captivated leading Wall Street banks and been called "the most important technology since the internet."

Varsities not focusing on deep tech

Most educational institutions in India are rich with papers and patents but are unable to support innovators and product ecosystem with deep technologies unlike their peers in Israel or in the US.

Indian diamond industry may lose monopoly

With some of the diamond trading hubs and mining countries building up capacities to process rough diamonds, India is under the threat of losing out its monopoly in the processing business. Indians are known for their diamond processing skills and in many of these countries Indians are training the native manpower. For decades India has been maintaining its monopoly in cutting and polishing small diamonds. The country also grabbed a good portion of the large diamond processing business from other nations like Israel and the US after the 2008 global meltdown.

This festive season not that sparkling for auto sales

The passenger vehicle industry, one of the most important economic growth indicators in India, slowed down in October after hitting a double-digit growth of 11.32 per cent in September.

While sales grew at fast pace at Maruti Suzuki, India’s biggest car maker by sales, Tata Motors and Toyota Kirloskar Motor, they fell at Hyundai Motor India, country’s second largest car maker by sales, Mahindra, Honda Cars and Ford. Other car makers shied away from disclosing sales numbers today.

Indian army not for constructing foot overbridges: Oppn

Opposition parties today condemned  as "deplorable and atrocious" the Centre’s decision to rope in the  Army to rebuild foot overbridges at three railway stations in Mumbai  including one which witnessed a deadly stampede last month.

This is the tunnel Elon Musk is building under LA

Billionaire Elon Musk has released a photograph of a tunnel he’s building under a Los Angeles suburb to test a novel transportation concept for a system that would move people underground in their personal cars rather than by subway trains.

The founder of SpaceX and Tesla tweeted during the weekend that the tunnel was 500 feet so far and should be 2 miles long in three or four months.

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