Digital is the Key to Unlock this Disruption !!

Mumbai: The Covid-19 pandemic has accelerated several global business trends in favour of digitalization & focussing on digital avenues and collaborating beyond boundaries will be the stepping stones for the global economy to climb out of this disruption, said the keynote speakers at ET Unwired Reimagining Business Series on Thursday. Sir Martin Sorrell, executive chairman, S4 Capital and founder WPP, said that India is in the midst of a shopping revolution. The multi-billion-dollar investments by Facebook and several others in the telecom-technology-commerce triple play of Jio Platforms show that. “People…

Factory output shrinks 55.5% in April; Full retail inflation data not out !!

New Delhi: India’s industrial production shrank by a record of 55.5% in April from the year earlier with manufacturing crashing 64.3%, as computed from data released by the government, which didn’t provide a number for the change from April 2019 because of the Covid-19 lockdown. The ministry of statistics & programme implementation also withheld the headline retail inflation figure for May but official data showed retail food inflation rose 9.28% on year last month. It had also withheld the headline inflation number for April on the grounds that the data…

Twitter Releases Events Calendar for June to Assist with Strategic Planning !!

Due to the COVID-19 pandemic, Twitter’s events calendars are not looking as full as they once did, but there are still various opportunities & promotional tie-ins to consider across key dates in June, as per its latest listing. Every month, Twitter publishes a post highlighting the key dates, and referring back to its 2020 calendar,which will be published earlier in the year. And every month, I go through the actual calendar and remove all the events that are no longer happening. And it’s a lot, there’s a lot of functions…

RBI proposes upper age limit of 70 years for CEOs, whole-time directors of banks !!

MUMBAI: The RBI has proposed an upper age limit of 70 years for CEOs and whole-time directors of banks and a maximum term of 10 years for those belonging to the promoter group, as part of the exercise to improve governance in the banking sector. The discussion paper released by the Reserve Bank of India (RBI) on Thursday said that chief executive officers (CEOs) and whole time directors (WTDs) belonging to the promoter group should pass on the managerial leadership to professionals after 10 years .. “The upper age limit for…

Wing Drone Deliveries Take Flight in First-of-its-Kind Trial with FedEx !!

MEMPHIS, Tenn.–(BUISNESS WIRE) –Today, for the first time in the United States, a drone completed a scheduled commercial residential delivery to a home in Christiansburg, Virginia. The drone delivery was conducted by Wing Aviation, in collaboration with FedEx Express, as part of the U.S. Department of Transportation’s Unmanned Aircraft Systems Integration Pilot Program (IPP). Today’s delivery of a FedEx Express package marks the launch of the first scheduled, commercial residential drone delivery service and the first scheduled e-commerce delivery via drone delivery trial in the United States. For the duration…

These robotic dogs take fetch to a whole new level !!

Package delivery may be going to the dogs.In the race to automate the delivery of packages and food in urban areas, most companies have been focusing on wheeled robots. But the German automotive company Continental has another idea. At the consumer Electronics in Las Vegas last week, it showed off a four-legged delivery robot designed to walk packages right to customers’ front doors. In demonstrations at the Las Vegas Convention Center, the battery-powered ANYmal Robot — made by Swiss robotics manufacturer ANYbotics — hopped out of Continental’s CUbE autonomous vehicle, stepped…

SBI moves NCLT to recover Rs 1.2k-cr Reliance Communications loans from Anil Ambani !!

New Delhi: State Bank of India (SBINSE -3.13 Per cent) moved the insolvency court to recover more than Rs 1,200 crore from Anil Ambani under the personal guarantee clause of the bankruptcy law. It said Ambani had personally guaranteed loans taken by Reliance Communications NSE -5.00  Per cent, currently undergoing insolvency proceedings, which the state-owned lender is trying to recover. SBI moved the National Company Law Tribunal (NCLT) under Section 97(3) of Insolvency and Bankruptcy Code (IBC), seeking its intervention to direct the insolvency board to nominate a resolution professional…

Ninjacart Helps the Needy With Subsidized Fresh Produce !!

Ninjacart, a Bengaluru-based fresh produce supply chain start-up, has provisioned essential fruits and vegetables to orphanages, old-age homes and slum areas, at subsidized rates, in the wake of the Coronavirus outbreak-enforced lockdown in India. In order to service the slum areas and orphanages, the company said it is willing to partner with non-governmental organizations and similar institutions across Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR, Pune and Ahmedabad. “Ninjacart has always strived towards changing the way fruits and vegetables reach our plates, along with enhancing the income of farmers, convenience of retailers…

Dutch companies have long term India plans; Holland looking at diversifying supply chains: Envoy ……

New Delhi: Dutch companies in India, some of whom are present here for decades, are planning long-term and Holland is looking to diversify its supply chains, according to Netherlands Ambassador to India Marten van den Berg. “Holland and Dutch companies are planning to diversify their supply chains and India presents an opportunity,” van den Berg told ET in an exclusive interaction amid the global debate on shifting out supply chains from China. Some of Dutch companies including Phillips and Shell are present in India for decades and are planning a…

The Rise Of Data : Data Science , Big Data And Data Analytics For Seamless Buisness Operations !!

Data, a four-letter word is the forerunner of a digital economy. Structured & unstructured data through emails, financial transaction numbers, audio files, web pages, business documents, and social media messages are mined to harness intelligent insights. Data forms the core of AI-powered Machine learning models. You will be surprised to know that humans generate more than 2.5 quintillion bytes of data every day, broken to 1.7 megabytes in just a second. Research estimates that over 6 billion smartphone users are looking at some form of data, and over 50 billion…