INDIA TECHNOLOGY CENTRE
Karnataka STPI units report export worth Rs 36,459 cr during lockdown
STPI Bengaluru centre was set up in 1991 and has expanded to four sub-centres in Mysuru, Hubballi, Mangaluru and Manipal. Exports of technology services from the state have grown from worth Rs 5.6 crore in 1991-92 to Rs 174894 crore in 2018-19. This is roughly 41% of the total current National Exports, said STPI in a press release.
Oracle launches second data centre in India
The centre is expected to meet increased demand for secure cloud services from existing and new c...
Opportunity for India to be the laboratory where technology transformation is going to materialise: Kris Gopalakrishnan
Further, he said ther...
Hyundai Venue becomes first model to get iMT technology in India
The company is the first automobile player in the country to introduce iMT technology that offers customers convenience of two-pedal clutch-less technology combined with fun-to-drive elements of a manual transmission, HMIL said in a statement.
India turns to cardboard beds in coronavirus battle
The low-cost beds are chemically coated to make them waterproof and can hold a 300-kilogramme (660-pound) load, said Vikram Dhawan, who along with his brother came up with the design while they were stuck at home during the country's months-long lockdown.
PNB expects to complete technology integration of OBC, United Bank of India by March
With the merger, the bank now has about 11,000 branches, more than 13,000 ATMs, one lakh employees and a business mix of over Rs 18 lakh crore. Total domestic business of PNB at the end of March 2020 stood Rs 11.81 lakh crore.
Amazon India scraps single-use plastic at fulfilment centres
The company has replaced bubble wrap and plastic pillows with paper dunnage and biodegradable paper tape.
Brands looking to shift production from China to India
Third-party manufacturers were already exploring options to reduce their dependence on imports of finished products since the Covid-19 crisis disrupted their supplies from China, but the recent border issue and government’s vocal for local pitch has increased interest in last one week.
India’s premier colleges give out space for quarantine facilities
District authorities like the district collector/magistrate have reached out to Indian Institutes of Technology (IITs) at Kharagpur, Roorkee, Ropar and National Institutes of Technology at Jaipur and Jalandhar for quarantine purposes. And all these institutes readily agreed is sharing space for hosting people for quarantining.
Sterlite Technologies to focus on ‘Make in India’ solutions
The company, which reported a 50% slump in net profit for the quarter ended March on account of the Covid-19 pandemic, said it expects demand to recover in the medium term. “There is a shift to digitisation, which will be irreversible and will continue. Telecom operators world over want to strengthen their network,” said CEO of Sterlite Technologies.
View: Peril of face recognition technology
For several years, activists have been crying hoarse about the abuse of these technologies. However, on March 11, the Indian government casually announced the full adoption of facial recognition technology enabled surveillance.
India's June jobless rate falls to 11%: CMIE
The virus has infected over half a million people in the world's second-most populous nation, hitting economic activity, but fall in the unemployment rate suggested the worst may be over for the economy, at least for now.
Rural markets faring better than urban centres amid coronavirus pandemic: Maruti Suzuki
"Rural demand is little better than urban right now. In Maruti, the rural share has gone up to 40 per cent in June which is 1 per cent increase over the last fiscal," MSI Executive Director Marketing and Sales Shashank Srivastava told .
US visa suspension likely to boost demand for offshoring, captives
The move is expected to benefit the offshore industry with US firms moving more work here.
Centre may ask states to go for local purchases
States could be asked to expeditiously adopt the 2017 Department for Industrial Policy and Internal Trade’s Public Procurement (Preference to Make in India) Order and follow the latest central government measures on procurement contracts.
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