Miscellany

Miscellany

Wealthiest become $1 trillion richer

The richest pe­ople on earth became $1 trillion richer in 2017, more than 4 times last year’s gain, as stock markets shrugged off economic, social and political divisions to reach record highs.

The 23 per cent increase on the Bloomberg billionai­res index, a daily ranking of the world’s 500 richest peop­le, compares with an alm­ost 20 per cent rise for both MSCI world index and St­a­ndard & Poor’s 500 index.

Spinal cord implants to numb pain, replace pills

For millions of Americans suffering from debilitating nerve pain, a once-overlooked option has emerged as an alternative to high doses of opioids: implanted medical devices using electricity to counteract pain signals the same way noise-canceling headphones work against sound.

Andaman is favourite destination this year-end

Andaman and Nicobar Islands has emerged as the new favourite visiting spot during the year-end this time, thanks to increased air connectivity and general growth in travel this time against a ‘demonetised year-end’ last year.

Ad firms using tools to help them read your mind

Why did you splurge on that new pair of shoes? Or that pricey smartphone? More and more advertisers are trying to tap into the unconscious to divine the invisible forces that drive those spending decisions.

Using gadgets to track eye movements, computer maps of faces to capture a momentary grin (approval) or squinting (anger), and sensors to measure perspiration or monitor brain activity, companies are mining consumers’ raw emotions for information. Traditionally, ad firms have measured the success of their campaigns through consumer surveys, but that technique has its limits.

To brew tourism in its cuppa coffee

The state of Karnataka that accounts for over 70% of India’s total coffee production is betting high on tourism around its coffee.

The last chunk of rainforest coffee on this planet is in India and grows along the Western Ghats covering Karnataka, Kerala and Tamil Nadu. Karnataka’s coffee gardens are a haven for wildlife, dozens of rare bird species, some 50 different types of tress apart from natural flora and fauna.

Workplace worries keep Indians out of vacations

Work-related concerns seem to be on the top of the mind of Indians when they deny themselves a vacation. Indians top the list of people who avoid a vacation for the fear that important work decisions will be made in their absence, finds a study.

Uber dealt blow after EU court classifies it as transport

Uber [UBER.UL] should be classified as a transport service and regulated like other taxi operators, the European Union’s top court said in a landmark ruling on Wednesday that could impact other online businesses in Europe.

Uber, which allows passengers to summon a ride through an app on their smartphones, has transformed the taxi industry since its launch in 2011 and now operates in more than 600 cities globally.

Coulomb new Apple India sale head

Cupertino based technology company Apple Inc has named Michel Coulomb as the new head of sales for the company in India after its earlier chief Sanjay Kaul stepped down from the post with immediate effect to boost the sales.

Apple did not reply to an email over the change of guard in India while sources said Coulomb would take charge immediately.

With a meagre marketshare Apple struggling to withstand the India conditions which have just made all its phones a bit more expensive.

Ola acquires Foodpanda’s India biz

Ola Cabs is re-entering the food delivery space by acquiring Foodpanda’s India business from Germany-based Delivery Hero Group in an all-stock deal. Ola will also make an additional investment of $200 million in the company to spruce up the operations.

Saurabh Kochhar, who was the CEO of Foodpanda India until recently has decided to move on to pursue other opportunities. Pranay Jivrajka, Founding Partner at Ola, has been appointed as interim CEO of this business unit, supported by the existing leadership team at Foodpanda India.

Proposed ban on H4 US visas has 1,50,000 Indian spouses worried

Sanjana Boppanna (26) works with an NGO in the Bay Area in California. Her techie husband Anand is employed with a bank in San Francisco. The wife holds a H4 visa, a type of visa granted to spouses of H1B visa holders.   

The US currently has some 1,50,000 Indian spouses on H4 visas of which some 100,000 have either taken up a job or doing some business, after the Obama administration extended work authorisation to spouses of H1B visa holders in 2015.

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