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Liquidity boost: State banks can now buy assets of NBFCs

The scheme will help address NBFCs and HFCs resolve their temporary liquidity or cash flow mismatch issues.

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Dec 11, 2019, 09.56 PM IST

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Artificial intelligence expert Vishal Sikka joins Oracle's Board of Directors

Sikka, 52, is among the world's leading experts in Artificial Intelligence (AI), Machine Learning and would be helping Oracle in the business value and adapt to change, the company based in Redwood Shores, California, said in a statement.

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  • "The Samsung Innovation Lab at IIT Guwahati will train students on IoT, Embedded Systems, AI and ML, helping them learn industry-relevant skills and making them job-ready," a statement said. Through this partnership with IIT Guwahati, the academy targets to train over 300 students in the next three years on these cutting-edge technologies, it added.

    Earlier this year, Mastercard said that it will invest an additional $1 billion in its India operations over the next five years, and about $350 million of that would go into setting up a local payments processing centre.

    The curriculum at the Samsung Innovation Lab at IIT Guwahati will include Internet of Things (IoT), Embedded Systems (ES), Artificial Intelligence (AI) and Machine Learning (ML). The students will be trained on these industry-relevant skills in order to make them job-ready. The 14-week long course will be taught through classroom lectures, assignments and lab room sessions, self-study and mini-projects.

    "Driving culture transformation in finance is imperative to presenting a forward-looking corporate reporting based on a wider balance between financial and non-financial information," Sandip Khetan, national leader and partner, financial accounting advisory services, EY India, said.

    The products included RetailEasy for retail businesses, ServeEasy for restaurant businesses and ManageEasy for distribution businesses. Kumar Rajagopalan, CEO of Retailers Association of India launched the company’s experiential digital store using AI and ML for the traditional retail industry.

    The company has also announced its plans to invest about USD 7 billion over the next three years on its research and development initiatives that include building core technologies in hardware and software as well as frontier innovations such as 5G/6G, big data, cloud computing and augmented reality (AR).

    "Vishal is one the world's leading experts in Artificial Intelligence and Machine Learning," said Oracle chairman and CTO Larry Ellison, announcing Sikka's addition to the Board of Directors.

    The company also announced that is has been accepted into the Microsoft for Startups program. With this relationship, Microsoft customers can leverage Observe.AI’s platform through its Azure marketplace.

    Owned by BBK Group (which also owns Vivo, Realme and OnePlus), Oppo is the fourth largest player globally with a share of 9% as per Counterpoint Research. The group is close to becoming the largest smartphone manufacturer group globally, accounting for over 20% of the global smartphone market and three of its brands in the top 10, said a report.

    Firms seek better definition of ‘sensitive’ health data and guidelines for anonymised data in the Personal Data Protection Bill. The clause on ‘fair and responsible processing’ of data in the Bill also needs to be clarified and cannot be left open to interpretation.

    The efforts include a "mobile court" offered on popular social media platform WeChat.

    PDPB will serve as a model for ensuring that Indian citizens have autonomy in the digital economy.

    It has found an innovative plan to deal with the scourge that all but wiped off India's mobile industry.

    Integrated healthcare at a macro level means managing the overall well-being of the nation by putting the consumer at the centre; it involves delivering the required level of efficient and quality care to the consumers across their lifetime.

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