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Indian IT Industry Faces Twin Challenges of Trump, Automation

19Feb By reutersNo Comments

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Indian IT Industry Faces Twin Challenges of Trump, Automation

Automation and the new US administration were the big unknowns at the Indian tech sector's annual shindig this week, with machines threatening to take away thousands of jobs and concerns over possible visa rule changes in the key American market. But senior executives from the USD 150 billion industry, which rose to prominence at the turn of the century by helping Western firms solve the "Y2K" bug, said companies with skilled English-speaking staff and low costs could not be written off yet. The sector, led by Tata Consultancy Services, Infosys Ltd and Wipro Ltd , is lobbying hard as the new US administration under President Donald Trump considers putting in place visa restrictions. The administration may also raise salaries paid to H1-B visa holders, a move that could significant...

Tesla Buys German Automation Firm Grohmann to Drive Up Production

US electric car maker Tesla today said it would buy German engineering firm Grohmann to help ramp up production at its heavily-automated factories. "Several critical elements of Tesla's automated manufacturing systems will be designed and produced" in Pruem in western Germany, the California-based firm said in a statement. Tesla, founded by tech billionaire Elon Musk, aims to produce 500,000 cars per year by 2018 after taking some 370,000 pre-orders for its mass-market Model 3, which will sell for around USD 35,000 (just under 32,000 euros). This year, the firm hopes to build between 80,000 and 90,000 units of its luxury Model S and Model X vehicles, 50,000 of them in the second half. "The key to making electric cars affordable are economies of scale and automation in order to h...

Renault-Nissan and Microsoft Partner to Deliver the Future of Connected Driving

Companies sign global, multiyear contract to work on next-generation connected car technologies and driving experiences The Renault-Nissan Alliance and Microsoft Corp. have signed a global, multiyear agreement to partner on next-generation technologies to advance connected driving experiences worldwide. The companies will work together to develop next-generation connected services for cars powered by Microsoft Azure, one of the company's intelligent cloud offerings. These new services will improve customer experience via advanced navigation, predictive maintenance and vehicle centric services, remote monitoring of car features, external mobile experiences and over-the-air updates. "A car is becoming increasingly connected, intelligent and personal," said Ogi Redzic, Renault-Nissan...