Miscellany

Miscellany

Retired judge BN Srikrishna making Google, FB nervous

BN Srikrishna (in pic) is a genial, 77-year-old former Supreme Court judge who recites Shakespeare and Sanskrit scriptures with equal facility. But he’s making the likes of Google, Amazon and Facebook more than a little nervous.

Capgemini launches Tech Fiesta

French tech major Capgemini has announced the 10th edition of Tech Fiesta, its nationwide technology event designed to showcase innovation and Intellectual Property (IP) in cutting-edge technologies of the future that provide business benefits to customers. Themed as “Intelligent Enterprise: Unlocking Newer Possibilities”, the 2018 edition of Tech Fiesta was inaugurated in Mumbai by Ashwin Yardi, Chief Operating Officer (COO) of Capgemini in India and Group Head of Industrial Automation.

Bangalore retains top tech job creator position with 22% stake

Bangalore continues to be the lead tech job creator in the country with 22 per cent of all IT job positions, followed by Delhi-NCR, which originated 11 per cent opportunities for techies, as per a study conducted by job site, Indeed, based on the hiring data collected for a period of three years between May 2015 and May 2018.

After the duo, Pune comes at the third place with 10 per cent, following by Hyderabad, Mumbai and Chennai, which generated 9, 8 and 7 percentage of the total technology jobs in the country respectively.

Top tech firms pay pittance to fresh grads

Tech firms are offering pittance to fresh graduates this year. Close to 90 per cent of new tech recruits have been offered annual salaries in the range of Rs 1.8 lakh to Rs 3 lakh, while a very minuscule percentage of premium school grads get a more decent package of Rs 5 lakh and upwards.

This isn’t much different from what employers paid some 15 years ago (2003-04). Tech players paid an average annual salary of Rs 3.5 lakh to freshers and sadly that figure hasn’t changed since then despite higher inflation, say tech hirers.

Tight demand prompts Apple to cut iPhone making

AS anticipated by some analysts the Apple Inc has decided to cut the production of its new iPhone models X and 8 by at least 20 per cent this year due to shrinking demand and spiked competition. 

The tech giant expects to ship 80 million iPhones this year, 20 per cent down from what it had planned at the same time last year, Japanese daily Nikkei reported.

The California-based firm has asked suppliers to make about 20 per cent fewer components for the three new iPhones it plans to launch in the second half of 2018, compared to last year’s plans, the report said.

‘No mill can sell sugar below Rs 29/kg’

The government on Thursday notified its decision to fix the ex-factory sugar price at Rs 29 per kg as well as the monthly stock holding limit on mills as part of measures to help cash-starved industry to clear cane arrears, which have crossed Rs 22,000 crore.

The Cabinet Committee on Economic Affairs (CCEA) had approved these decisions on Wednesday. The food ministry notified the Sugar Price (Control) Order, 2018 to empower itself to fix the minimum selling price of the sweetener.

India stands at bottom in e-purchasing

E-commerce might be adding new customers at a reasonable pace. But the frequency of purchase and the average order value is growing in single digits. E-commerce market can grow to $50 billion by 2020, if it can clock a higher growth on all these fronts.

The e-tailing industry is adding new shoppers at a compounded annual growth rate of 27 per cent, while the frequency at which shoppers buy from online platform is growing by just 8 per cent. The average order value is growing at an abysmally low one per cent, finds a study by RedSeer Consulting.

Female boss still a rare finding, even airline industry has fewer

Global airline chiefs gathering in Sydney this week are mapping out the future of an industry that transports a big chunk of the world’s population. Good luck finding a woman among them.

It’s hard to describe the International Air Transport Association as anything other than a boys’ club, at least at the highest echelon. 

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