Skill India to be expanded to include AI, IoT !!

In a move that will skill and re-skill millions of Indian youth to cater to new age technology and job roles, finance minister Nirmala Sitharaman said government will now focus on new age skills like Artificial Intelligence (AL) , Internet of Things (IoT) , Machine Learning (ML) to help them get jobs overseas. FM Sitharaman tabled the first union budget of Narendra Modi government. In her speech, the FM said focus under Skill India mission will be to train youth in different languages to prepare them for global jobs. Skills development…

US student’s app offers roadmap to Singapore contact tracing tech !!

Singapore kicked off a global rush to develop a contact tracing apps for the novel covid-19 when the city-state launched an apparently new system in March. But the project actually drew inspiration from a 2014 U.S. high school project that won an international prize but found no backers – until now. It all started when Rohan Suri created an app at Thomas Jefferson High School in Alexandria, Virginia, to tell his mom to leave home for the bus stop when he was seven minutes away. As the Ebola epidemic ravaged western Africa at…

5G fixed wireless access most desirable 5G use case among telecom operators, Nokia study  !!

NEW DELHI:  5G Fixed Wireless Access (FWA) is the most desirable 5G use case amongst consumers globally, a study by telecom gear maker Nokia said on Wednesday. The study, which was conducted by Park Associates, surveyed 3,000 people in UK, US, and South Korea to examine the consumer understanding and demand for 5G services across 6 different use cases, including autonomous vehicles, video surveillance and immersive technologies. The study further indicated that there is an opportunity for mobile operators to compete with broadband providers by offering FWA to homes and…

AI and the Classroom: Machine Learning in Education !!

For years schooling has been typified by its aspect of the physical grind on the part of both students and their teachers: teachers cull and prepare educational materials, manually grade students’ homework, and provide feedback to the students (and the students’ parents) on their learning progress. They may be burdened with an unmanageable number of students, or a wide gulf of varying student learning levels and capabilities in one classroom. Students, on the other hand, have generally been pushed through a “one-size-fits-all” gauntlet of learning, not personalized to their abilities,…

Indian stocks fall 1% as banks, Reliance drag !!

Indian shares closed lower on Tuesday, ending upto 13 per cent surge over the last nine sessions, as banks and heavyweight Reliance Industries weighed, with a broader rally on hopes of a quicker global economic recovery coming to a halt. The Nifty closed down 1.2 per cent at 10,046.65, while the Sensex dropped 1.2 per cent to 33956.69. Earlier in the session, the indexes had risen more than 1 per cent each as shopping malls and restaurants reopened this week following the world’s biggest coronavirus lockdown, even as the number…

Govt plans to decriminalise bounced cheque, several other economic offences, seeks opinion from stakeholders !!

The Union government has initiated the process for decriminalising economic offences that are currently punishable with a jail term, fine or both. The government has sought opinions from stakeholders like state governments and the public on proposals to amend 19 acts that criminalise economic offences like a bounced cheque. As per the Centre, the move is aimed at speeding up the economic revival process and encourage businesses. There is a growing concern in the government that due to the Covid-19 pandemic and economic distress there might be a surge in…

PoS Startup Innoviti Chases Profitability After Raising Series C !!

Bengaluru-based digital payments solutions startup Innoviti has raised an undisclosed amount in Series C funding from Netherlands-based FMO-Entrepreneurial Development Bank, along with existing investor US-based Bessemer Venture Partners. Rajeev Agrawal, CEO of Innoviti Payments, told Moneycontrol that this may be  company’s last funding round as it plans to generate cash from its books within 6-8 months. He also said that the company may only consider another fundraise if there’s an opportunity for acquisition or inorganic growth. The latest round is said to be all primary capital and had no secondary…

Rupee trims intra-day gains to end 6 paise lower at 75.61 to US $ !!

The Indian Rs on Tuesday gave up all its intra-day gains to close 6 paise lower at 75.61 against the US $ in line with weaker sentiment in financial markets triggered by steeply rising coronavirus cases in the country. Besides, robust US $ against its key rivals also had an impact on the domestic unit.The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.42% to 97.02.  The rupee opened at 75.53 against the US $, but pared the gains to settle at 75.61 against…

Voice assistant to help you shop on Flipkart !!

Homegrown retailer Flipkart on Tuesday introduced voice assistant capability on its platform to make consumer’s e-commerce journey simpler and more natural. Introduced in Flipkart’s grocery store Supermart, the voice assistant will enable consumers to discover and buy products easily using voice commands in multiple languages, starting with Hindi and English, said the company. “The technology team at Flipkart travelled across the country to understand the various contours of building a voice capability and fine-tuned it to identify and respond to the different variations in Indian languages,” Jeyandran Venugopal, Chief Product…

Tech firms spot a big opportunity in India !!

A budget proposal to use technology to bring in changes in administration across sectors and deliver citizen services is expected to benefit Indian IT companies, helping them expand their domestic business and build models that they can take globally. “The intent shown by the government means that for the first time companies like Tech Mahindra will be able to build government, citizen and cyber security models in India and then take them outside, instead of it being the other way around,” CD Gurnani, CEO of Tech Mahindra, told ET. Indian IT…