Miscellany

Miscellany

US business schools to give intense software training

US business schools are beefing up training in the software that underlies digital currency bitcoin, a technology expected to be a game changer in many industries. The move makes sense as more students seek careers in financial technology, or "fintech," which has captivated leading Wall Street banks and been called "the most important technology since the internet."

Varsities not focusing on deep tech

Most educational institutions in India are rich with papers and patents but are unable to support innovators and product ecosystem with deep technologies unlike their peers in Israel or in the US.

Indian diamond industry may lose monopoly

With some of the diamond trading hubs and mining countries building up capacities to process rough diamonds, India is under the threat of losing out its monopoly in the processing business. Indians are known for their diamond processing skills and in many of these countries Indians are training the native manpower. For decades India has been maintaining its monopoly in cutting and polishing small diamonds. The country also grabbed a good portion of the large diamond processing business from other nations like Israel and the US after the 2008 global meltdown.

This festive season not that sparkling for auto sales

The passenger vehicle industry, one of the most important economic growth indicators in India, slowed down in October after hitting a double-digit growth of 11.32 per cent in September.

While sales grew at fast pace at Maruti Suzuki, India’s biggest car maker by sales, Tata Motors and Toyota Kirloskar Motor, they fell at Hyundai Motor India, country’s second largest car maker by sales, Mahindra, Honda Cars and Ford. Other car makers shied away from disclosing sales numbers today.

Indian army not for constructing foot overbridges: Oppn

Opposition parties today condemned  as "deplorable and atrocious" the Centre’s decision to rope in the  Army to rebuild foot overbridges at three railway stations in Mumbai  including one which witnessed a deadly stampede last month.

This is the tunnel Elon Musk is building under LA

Billionaire Elon Musk has released a photograph of a tunnel he’s building under a Los Angeles suburb to test a novel transportation concept for a system that would move people underground in their personal cars rather than by subway trains.

The founder of SpaceX and Tesla tweeted during the weekend that the tunnel was 500 feet so far and should be 2 miles long in three or four months.

US magazine editor bats for Raghuram Rajan as Fed chief

Global financial magazine Barron’s put up Raghuram Rajan as its pick to head US’s powerful central bank. “Why exactly the list of potential candidates to replace Janet Yellen as the head of Federal Reserve does not have the name of former governor of Reserve Bank of India, Raghuram Rajan,” asked Randall W Forsyth, digital editor-in-chief of Barron’s.

Coal India among top 250 firms emitting third of CO2, says study

The world’s 250 biggest listed companies account for a third of all man-made greenhouse gas emissions yet few have strong goals to limit rising temperatures, a study showed on Tuesday. Coal India (CIL), Gazprom and Exxon Mobil topped the list when measuring carbon dioxide emitted by companies and by consumers using their products, it said.

Facebook stumbles with early effort to stamp out fake news

Facebook Inc’s strategy to stamp out fake news is struggling. The company outsources the process to third-party fact checkers who can only tackle a small fraction of the bogus news that floods the social network, according to interviews with people involved in the process. And screenshots obtained by Bloomberg reveal a process that some partners say is too cumbersome and inefficient to stop misinformation duplicating and spreading.

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