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Canadian Investment Firms Pumped $20 billion in India

9Jan By AdityaNo Comments

ANALYSIS

Canadian Investment Firms Pumped $20 billion in India

Canadian funds/firms have pumped in a full USD 20 billion in India, mostly by way of equity funds over the past decade alone, while bilateral trade is clipping at 30 per cent, both are going to get a fillip with the new bilateral pact, says an official. Fund inflows are set for acceleration with the signing of the much-awaited of the Foreign Investment Promotion and Protection Agreement (FIPA) by the two nations which will further boost investor investment, Canadian consul general in Mumbai Jordan Reeves said. "Canadas investments in India have touched USD 20 billion by way of equity funds in a short span of 10 years. Several pension funds and institutional investors are looking at more investment opportunities here, including on project financing," Reeves said. Addressing an inte...

Retail Workers Feel Disruption From Shifting Shopper Habits

8Jan By No Comments

ANALYSIS

Retail Workers Feel Disruption From Shifting Shopper Habits

AP, NEW YORK - With new options and conveniences, there's never been a better time for shoppers. As for workers.. well, not always. The retail industry is being radically reshaped by technology, and nobody feels that disruption more starkly than 16 million American shelf stockers, salespeople, cashiers and others. The shifts are driven, like much in retail, by the Amazon effect - the explosion of online shopping and the related changes in consumer behavior and preferences. As mundane tasks like checkout and inventory are automated, employees are trying to deliver the kind of customer service the internet can't match. So a Best Buy employee who used to sell electronics in the store is dispatched to customers' homes to help them choose just the right products. A Walmart worker dashes in a...

Machine Learning Will Not Replace People In All Jobs: Study

26Dec By Press Trust of IndiaNo Comments

ANALYSIS

Machine Learning Will Not Replace People In All Jobs: Study

Machine learning computer systems, which get better with experience, can outperform people in a number of tasks, though they are unlikely to replace people in all jobs, a study has found. Researchers from Carnegie Mellon University and Massachusetts Institute of Technology (MIT) in the US found 21 criteria to evaluate whether a task or a job is amenable to machine learning (ML). "Although the economic effects of ML are relatively limited today, and we are not facing the imminent end of work as is sometimes proclaimed, the implications for the economy and the workforce going forward are profound," researchers said. The skills people choose to develop and the investments businesses make will determine who thrives and who falters once ML is ingrained in everyday life, they argue. ...

Indian Apps Asking For Permissions That Are “Too Private” To Share : Report

26Dec By RishabhNo Comments

ANALYSIS

Indian Apps Asking For Permissions That Are “Too Private” To Share : Report

Indian apps may be a lot kinkier when it comes to seeking permissions from a user to allow him to use its services. A report released by a survey agency reveals the ugly truth of the smartphone app developers. We have already witnessed too many cases of apps stealing user's private data or remember the time when even Google was caught saving Android user's locations, even when turned-off manually. As per the report, on an average, Indian apps seek 7.9 dangerous permissions from its users. Android classifies some permissions as 'dangerous' when the data it permits access to is very sensitive or private. Data collected after granting such permissions can be used to track user's location, to build your profile and know minute details about your life. Out of the 100 apps that Arrka...

Facebook Reveals Data On Copyright And Trademark Complaints

19Dec By reutersNo Comments

ANALYSIS

Facebook Reveals Data On Copyright And Trademark Complaints

Facebook Inc announced Monday that it removed nearly 3 million posts, including videos, ads and other forms of content, from its services during the first half of 2017 following complaints of counterfeiting and copyright and trademark infringement. The worldwide data on intellectual property-related takedowns is a new disclosure for Facebook as part of its biannual “Transparency Report,” Chris Sonderby, a deputy general counsel at the firm, said in a blog post. “We believe that sharing information about (intellectual property) reports we receive from rights holders is an important step toward being more open and clear about how we protect the people and businesses that use our services,” Sonderby wrote. The ninth Facebook transparency report also showed that government requests for i...

These 5 Cryptocurrencies Other Than Bitcoin Are Attracting Investors

15Dec By RishabhNo Comments

ANALYSIS

These 5 Cryptocurrencies Other Than Bitcoin Are Attracting Investors

Starting from $1000 this year, Bitcoin has ramped up to around $20,000. With the launch of Bitcoin futures this week by Chicago-based derivatives exchange Cboe Global Markets, the prices are still expected to shoot up. The Bitcoin "bubble" has ignited a series of discussions on the Wall Street, questioning whether the Bitcoin is the new way of doing business. Many financial markets are now treating Bitcoin and other cryptocurrencies as legitimate financial assets. While on the other hand, firms like JP Morgan call it a "fraud" and claim that those who traded in digital currency are just being "stupid". The debate can go long whether to or not to invest in cyptocurrencies. Nonetheless, the boom in Bitcoin value has also helped its rivals surge. In some parts of the world, people are e...

Do You Google Everything? That May Be Risky For Your Health

6Dec By Press Trust of IndiaNo Comments

ANALYSIS, Tech

Do You Google Everything? That May Be Risky For Your Health

Using Google frequently to search for information, rather than using our brains, may increase the risk of dementia, a UK researcher has warned. The researcher has described the practice as an "experiment" we are conducting on ourselves. "It's important to promote good brain health and to do that is to use it, but these days we seem to outsource our brain to the internet," said Frank Gunn-Moore, from the University of St Andrews in the UK. "If we want to know something, we look it up online rather than trying to recall the information from our memory," Gunn-Moore was quoted as saying to The Sunday Post. "It's an experiment the human race is running and we will have to wait and see if this outsourcing affects dementia prevalence," he said. Gun-Moore will be speaking at the annual ...

Economic Growth Likely To Pick Up In Q2, Say Experts

28Nov By Press Trust of IndiaNo Comments

ANALYSIS

Economic Growth Likely To Pick Up In Q2, Say Experts

Indias economic growth is likely to show a significant improvement for the September quarter of the current fiscal over the previous three months, when the GDP slipped to a 3-year low of 5.7 per cent, say experts. The Central Statistics Office (CSO) is scheduled to come out on Thursday with the estimates of the second quarter gross domestic product (GDP). The data will also capture the impact of the Goods and Service Tax (GST), which was implemented from July 1. Based on a survey of economists, industry body Ficci expects that the economic growth would rebound to 6.2 per cent in the second quarter, a significant improvement over the April-June numbers. "The slowdown in the economy due to demonetisation and the adjustment impact of GST implementation seems to be bottoming out and ...

This Is How Indian Merchants Can Make More Money On Amazon!

28Nov By RishabhNo Comments

ANALYSIS

This Is How Indian Merchants Can Make More Money On Amazon!

Christmas and New Year are just around the corner and America's e-commerce giant is looking for ways to lower its prices and beat its competitors like Walmart. To achieve that, Amazon is actively recruiting Indian sellers for popular gift choices like leather products, luxury bedding and many more. This season at least 27,000 Indian sellers have signed up on Amazon.com, to sell their products in America and across the continent. The simple hack here for Indian merchants is to sell their product on Amazon.com as well instead of just selling them on Amazon.in Giants like Tata Group, a conglomerate that sells its Titan watch line on the site, to smaller firms like The Boho Street, a peddler of vegan tapestries, incense and handcrafted copper mugs has already enrolled for the season. ...

Tencent Beats Alibaba To $500B Valuation, Overtakes Facebook

21Nov By reutersNo Comments

ANALYSIS

Tencent Beats Alibaba To $500B Valuation, Overtakes Facebook

[dropcap]C[/dropcap]hina’s biggest social network and gaming firm Tencent Holdings, which last week reported forecast-beating quarterly results, is close to making Malaysia the first foreign country to roll out its WeChat ecosystem, an executive told Reuters. Tencent has made a “breakthrough” in gaining an e-payment license in Malaysia for local transactions, and plans a launch early next year, senior vice president S.Y. Lau said in an interview. The move pits Shenzhen-based Tencent against rival Alibaba Group as they scramble for new growth opportunities outside China. Tencent on Tuesday became the first Asian firm to enter the club of companies with a market value of more than $500 billion, surpassing that of Facebook. “Malaysia is actually quite large in the sense that we have ...

Tesla’s Unfettered Ambition Will Drain Finances: Analysts

18Nov By reutersNo Comments

ANALYSIS

Tesla’s Unfettered Ambition Will Drain Finances: Analysts

Tesla Inc may have to ask creditors and shareholders for more capital to fund development of an electric semi truck, a new roadster and accelerated production of a high-volume electric sedan, analysts said on Friday. Musk unveiled one flashy strategy for generating cash during the launch event Thursday for the Semi truck, surprising the audience with a prototype of a new generation of the Tesla Roadster. Musk promised the Roadster will be the fastest production car available. The first 1,000 cars will cost $250,000 each, paid in full upfront, with later models starting at $200,000. Those deposits would put $250 million into Tesla’s cash drawer today for a car that is likely to go into production in 2020. Musk did not offer details about how Tesla would generate additional funds to...

India’s Messenger App Hike Has Revenue Issues

17Nov By AdityaNo Comments

ANALYSIS

India’s Messenger App Hike Has Revenue Issues

[dropcap]A[/dropcap]fter Flipkart, Ola and Paytm, another potential Indian Unicorn Hike, the Indian chat messenger is seeing some hard days! It is not generating any revenue! Its latest filings with RoC shows that the five year old company is right back where it started; as per its March 2017 reports. Once valued at $1.4 billion, the company fails to come up with a significant revenue stream in financial year 2016-coupons that users bought to play in-app games accounted for almost all the operating revenue. In the filings, the company showed a total income of Rs 11.4 crore in comparison to the 34,9 crore in FY2016, which had come on the back of profit from sale of investments. The total expenditure in FY17 was Rs 227.3 crore in comparison to last year's Rs 252.2 crore. The net los...